Europe Roundup: Euro gains ahead of Thursday’s ECB meeting, European shares inch higher, Gold hits 7-week high, Oil steadies as rising Covid cases raise demand concerns-April 19th,2021
America’s Roundup: U.S. dollar gives up earlier gains, Wall Street ends higher, Gold gains, Oil prices drop as India’s COVID-19 surge dents demand outlook-April 22nd,2021
Europe Roundup: Euro dips a focus turns to ECB policy meeting on Thursday, European shares rebound, Gold retreats, Oil dips as rising COVID-19 in India dents demand outlook-April 21st,2021
Europe Roundup: Euro little changed against dollar as investors awaited Fed’s policy meeting on Wednesday, European stocks dips, Gold steady, Oil rises to $66 ahead of OPEC+ meeting-April 27th,2021
America’s Roundup: Dollar index hits six-week low, Wall Street slips from record highs, Gold slips from 7-week top, Oil gains as dollar drops, gains capped by rise in Covid-19 cases-April 20th,2021
America’s Roundup: Dollar dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,2021
America’s Roundup: Dollar heads for longest weekly losing streak since July ,Wall street ends lower,Gold prices dips, Oil prices slips as India's demand fears weigh-May 1st,2021
America’s Roundup: U.S. dollar perks up after ECB policy talk cools euro,U.S. stocks ends down, Gold slips 1%,Oil steady as Libya output decline offsets risks to Asian demand-April 23rd,2021
Europe Roundup: Euro holds near 8-week highs against the greenback, European shares inch higher, Gold firms, Oil falls on India's COVID surge, supply increase-April 26th,2021
America’s Roundup: Dollar recovers from a nine-week low ,Gold hits two-week low,Wall Street gains,Oil climbs to fresh 6-week high on bullish demand-30th April,2021
America’s Roundup: Dollar rises vs major currencies ahead of Fed meeting, Gold firms, Wall Street ends higher,Oil falls on India's COVID rise; OPEC+ limits drop-April 27th,2021
America’s Roundup: Dollar climbs as risk appetite fades, Gold falls from 2-mth high, Oil rises on U.S. and European demand growth optimism-May 5th,2021
America’s Roundup: Dollar falls as yields grieve, Gold heads for third weekly gain, Oil edges higher as recovery support countered by Asia virus surge- April 24th, 2021
America’s Roundup: U.S. dollar mixed as investors hold back ahead of Fed meeting, Wall Street ends mixed, Gold falls, Oil rises as OPEC+ seen sticking to policy despite India COVID surge-April 28th,2021
Europe Roundup: Euro gains after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 2021
Europe Roundup: Sterling dips ahead of BoE meeting, Scottish elections, European shares dips ,Gold retreats from 2-month high, Oil rises on U.S., Europe demand growth optimism-4th May,2021
Europe Roundup: Pound gains versus dollar,driven by UK outperformance on vaccine rollout, Gold eases, Oil drops below $64 as rising OPEC+, Iranian output weighs-April 5th,2021
•Russia March Markit Services PMI 55.8, 52.2 previous
•Brazil March IPC-Fipe Inflation Index (MoM) 0.71% , 0.23% previous
•Russian April Forex Intervention 185.7B, 160.0B forecast, 148.1B previous
Looking Ahead – Economic Data (GMT)
•US March ISM-New York Index 810.9 previous
• US ISM March NY Business Conditions 35.5% previous
•US March Markit Composite PMI 59.1 previous
•US March Services PMI 60.0 forecast, 59.8 previous
•US Mar ISM-New York Index 810.9 previous
•US Mar ISM Non-Manufacturing Business Activity 55.5 previous
•US Mar ISM Non-Manufacturing New Orders 51.9 previous
•US Mar ISM Non-Manufacturing Prices 71.8 previous
•US Mar ISM Non-Manufacturing Employment 52.7 previous
•US Mar CB Employment Trends Index 101.01 previous
•US Mar ISM Non-Manufacturing PMI 59.0 forecast, 55.3 previous
•US Feb Factory Orders (MoM) -0.5%,2.6% previous
•US Feb Durables Excluding Defense (MoM) -0.7% previous
•US Feb Factory orders ex transportation (MoM) 1.7% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro was little changed against dollar on Monday as investors weighed the impact of extended lockdowns and central bank support against data pointing to signs of economic recovery.France announced last week it would widen lockdown measures to the entire country, in the latest sign of the region’s struggles to keep the coronavirus pandemic in check.That topped dovish messaging in European Central Bank (ECB) President Christine Lagarde’s last Wednesday’s interview with Bloomberg News, where she said investors could test the bank’s willingness to rein in rising borrowing costs as much as they want. The euro was down 0.02% to $1.1760. Immediate resistance can be seen at 1.1785(11DMA), an upside break can trigger rise towards 1.1846 (38.2%fib).On the downside, immediate support is seen at 1.1735(Daily low), a break below could take the pair towards 1.1705 (23.6%fib).
GBP/USD: Sterling rose against dollar on Monday as expectations for a vaccine-led economic recovery in the UK boosted sterling. Sterling is supported by UK’s rapid vaccine rollout one of the fastest in the world as well as relief at the start of the year that a no-deal Brexit had been avoided. Public opinion in Britain about the government’s handling of the pandemic has turned positive and companies are also more optimistic. At 12:40 GMT, the pound was up 0.33% percent against the dollar at $1.3863.Versus the euro, it was down around 0.1% at 85.155 pence per euro. Immediate resistance can be seen at 1.3881 (38.2%fib), an upside break can trigger rise towards 1.3953 (19th March high ).On the downside, immediate support is seen at 1.3791 (50%fib), a break below could take the pair towards 1.3703 (61.8%fib).
USD/CHF: The dollar held steady against the Swiss franc on Monday as investors soaked up last week’s strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation of a solid economic rebound from the coronavirus shock. The greenback posted its best quarter against major currencies in almost three years in January-March thanks to an improving U.S. economy and rising Treasury yields.The U.S. currency is likely to build on those gains as investors look for ways to bet on a global economic recovery from the worst of the coronavirus pandemic.Immediate resistance can be seen at 0.9440 (Daily high), an upside break can trigger rise towards 0.9472(23.6%fib).On the downside, immediate support is seen at 0.9376(11DMA), a break below could take the pair towards 0.9355 (38.2%fib).
USD/JPY: The dollar dipped against the Japanese yen on Monday as investors awaited U.S. services and non-manufacturing PMI data later in the day . Investors will get a fresh glimpse of the U.S. economic health in the form of ISM’s survey of the services sector, which accounts for more than two-thirds of U.S. economic activity. The data is due at (1400 GMT). At (GMT 18:30), the yen was last up 1.11 % at 106.33. Strong resistance can be seen at 110.89(Higher BB), an upside break can trigger rise towards 111.00 (23.6%fib).On the downside, immediate support is seen at 109.95(38.2%fib), a break below could take the pair towards 109.59 (14DMA).
Most markets in Europe were closed for the Easter holiday.
Gold prices edged lower in holiday-thinned trading on Monday as robust U.S. jobs data fuelled hopes for a rapid economic recovery and bolstered global equities, denting bullion’s appeal.
Spot gold was down 0.1% at $1,726.80 per ounce, as of 1132 GMT. U.S. gold futures were unchanged at $1,727.80 per ounce.
Oil fell to below $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and expectations of a wider demand recovery in 2021.
Brent crude for June fell $1.36, or 2.1%, to $63.50 a barrel by 1120 GMT. U.S. West Texas Intermediate crude for May dropped $1.29, or 2.1%, to $60.16.