America’s Roundup: U.S. dollar advances as Delta variant dampens risk appetite, Wall Street slips, Gold eases, Oil slumps as OPEC agrees output boost-July 20th,2021
America’s Roundup: U.S. dollar inches higher in volatile trading , Wall Street ends higher, Gold edges higher, Oil gains as demand seen outstripping supply-July 23rd,2021
America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,2021
America’s Roundup: Dollar bounces back from weak private employment report, Wall Street closes mixed, Gold gives up earlier gains, Oil falls on U.S. crude stock build, Delta variant spread-August 5th,2021
Europe Roundup: Sterling holds firm after UK COVID-19 infections drop, European stocks rise, Gold gains,Oil rises to $75 as U.S. inventory drop counters virus worry-July 28th,2021
America’s Roundup : The dollar falls as investors await the outcome of the Fed meeting, Wall Street ends down, Gold firms, Oil prices remain steady as the spread of the virus counters supply bottlenecks-28th July,2021
America’s Roundup: Dollar dips as markets weigh economic risks ,Wall Street ends higher, Gold edges lower ,Oil settles lower in volatile trade on worries about Delta variant-August 4th,2021
Europe Roundup: Euro gains against dollar, European shares extend gains,Gold edges up, Oil prices slip as Delta variant spread weighs-August 4th,2021
Europe Roundup: Sterling edges higher against dollar on optimistic view about UK COVID-19 outlook, European shares gain,Gold little changed, Oil rises as markets expect continuous fall of inventories-August 3rd,2021
America’s Roundup: Dollar gains on upbeat U.S. retail sales data, Wall Street falls, Gold slips from one-month peak, Oil drops on rising supply concerns, increase in COVID cases-17th,July 2021
Europe Roundup: Sterling edges up as UK COVID infections dips, European stocks dips, Gold rises, Oil falls $1 as coronavirus, slower China imports hit demand-26th July,2021
America’s Roundup: Dollar recovers from earlier fall after US jobless claims data, Wall Street ends mixed, Gold scales 1-month peak, Oil falls as investors look out for more supply-16th July,2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,2021
Europe Roundup: Euro gains after upbeat Eurozone GDP data, European shares slip, Gold firms, Oil prices fall, but on track for weekly gain-July 30th,2021
Europe Roundup: Sterling hits a 5-month low as COVID19 cases rise in the UK, European stocks stabilise, Gold rebounds, Oil rises after slide but COVID-19, supply concerns weigh-July 20th,2021
America’s Roundup: Dollar heads for second weekly rise, Wall Street closes at record highs, Gold dips, Oil edges up in weekly rebound on forecasts for tight supplies-24th July,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
• UK May Claimant Count Change -92.6K, -15.1K previous
• UK Apr Average Earnings ex Bonus 5.6%,5.3%forecast, 4.6% previous
• UK Apr Average Earnings Index +Bonus 5.6%,4.9% forecast, 4.0% previous
• UK Apr Unemployment Rate 4.7%, 4.7% forecast, 4.8% previous
•German May CPI (YoY) 2.5%,2.5% forecast, 2.0% previous
•German May CPI (MoM) 0.5%, 0.5% forecast, 0.7% previous
•German May HICP (YoY) 2.4%, 2.4% forecast, 2.1% previous
• UK Apr Employment Change 3M/3M (MoM) 113K, 150K forecast, 84K previous
• German May HICP (MoM) 0.3%, 0.3% forecast, 0.5% previous
•French May CPI (MoM) 0.3%, 0.3% forecast, 0.1% previous
•French May HICP (YoY) 1.8%, 1.8% forecast, 1.6% previous
•French May HICP (MoM) 0.3%, 0.4% forecast, 0.2% previous
•French CPI (YoY) 1.4%,1.4% forecast, 1.4% previous
• Italian May CPI (MoM) 0.0%, 0.0% forecast, 0.4% previous
• Italian May CPI (YoY ) 1.3% , 1.3% forecast, 1.1% previous
•EU Trade Apr Balance 10.9B, 15.8B previous
Looking Ahead - Economic Data (GMT)
•12:15 Canada May Housing Starts 270.0K forecast, 268.6K previous
•12:30 US May Core PPI (YoY) 4.8% forecast, 4.1% previous
•12:30 US May Core Retail Sales (MoM) 0.2% forecast, -0.8% previous
•12:30 US May PPI (MoM) 0.6% forecast, 0.6% previous
•12:30 US May Retail Sales (MoM) -0.8% forecast, 0.0% previous
•12:30 US May Retail Sales Ex Gas/Autos (MoM) -0.8% previous
•12:30 US May Core PPI (MoM) 0.5% forecast, 0.7% previous
•12:30 US May PPI (YoY) 6.3% forecast, 6.2% previous
•12:30 US Jun NY Empire State Manufacturing Index 23.00 forecast, 24.30 previous
•12:30 US May Retail Control (MoM) -0.6% forecast, -1.5% previous
•12:55 US Redbook (YoY) 14.5% previous
•13:15 US May Manufacturing Production (MoM) 0.6%forecast, 0.2% previous
•13:15 US May Industrial Production (YoY) 17.59% previous
•13:15 US May Capacity Utilization Rate 75.1% forecast, 74.6% previous
•13:15 US May Industrial Production (MoM) 0.6% forecast, 0.5% previous
•14:00 US Apr Retail Inventories Ex Auto 0.5% previous
•14:00 US Jun NAHB Housing Market Index 83 forecast, 83 previous
•14:00 US Apr Business Inventories (MoM) -0.1% forecast, 0.3% previous
•15:30 New Zealand GlobalDairyTrade Price Index -0.9% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro dipped on Tuesday as dollar strengthen ahead of the Federal Reserve’s two-day policy meeting. The two-day Federal Open Market Committee (FOMC) meeting starts on Tuesday, with a final statement published after the meeting of the Fed's monetary policymaking body ends on Wednesday. Traders around the world are looking for any hints about whether and when the Fed plans to taper its bond-buying programme as the U.S. economy bounces back from the pandemic fallout. Immediate resistance can be seen at 1.2134 (38.2%fib), an upside break can trigger rise towards 1.2158 (30DMA).On the downside, immediate support is seen at 1.2099 (50DMA), a break below could take the pair towards 1.2050(23.6% fib).
GBP/USD: Sterling declined against dollar on Tuesday following announcement from UK to delay to end of COVID restrictions, as the government tries to slow a rapid rise in COVID-19 infections. The pound was affected by news that the UK is set to delay its reopening from COVID-19 lockdown restrictions by one month due to the rapid spread of the more infectious Delta variant. The pound was down 0.36% against the dollar, at $1.4053 at 12:10 GMT.Immediate resistance can be seen at 1.4112 (50% fib), an upside break can trigger rise towards 1.4133 (5 DMA).On the downside, immediate support is seen at 1.4059 (38.2%fib), a break below could take the pair towards 1.4000 (Psychological level).
USD/CHF: The dollar edged higher against the Swiss franc on Tuesday as traders were cautious ahead of the two-day Fed meeting, which may indicate plans to start tapering its bond purchases. Fed officials headed by Chairman Jerome Powell have emphasized that the rise in inflationary pressures is temporary and that the ultra-light monetary setting will be maintained for a period of time. However, recent economic data has raised concerns that price pressures may trigger stimulus withdrawal. Immediate resistance can be seen at 0.9024(38.2%fib), an upside break can trigger rise towards 0.9088 (50% fib).On the downside, immediate support is seen at 0.8973 (5DMA), a break below could take the pair towards 0.8930 (23.6%fib).
USD/JPY: The dollar steadied against the yen on Tuesday as investors cautiously awaited the outcome of the highly anticipated Fed meeting to check whether the central bank will change the U.S. monetary policy outlook. As the U.S. economy recovers from the effects of the pandemic, traders around the world will pay close attention to clues in the Fed’s statement to understand if and when the Fed plans to cut its bond purchase program. The two-day meeting starts on Tuesday. Strong resistance can be seen at 110.33 (23.6% fib), an upside break can trigger rise towards 110.57 (April 6th high).On the downside, immediate support is seen at 109.75(38.2%fib), a break below could take the pair towards 109.28 (50% fib).
European shares rose for an eighth straight session as optimism around a speedy economic recovery across the region lifted industrial stocks, while technology shares tracked an overnight jump in their U.S. peers.
At (GMT 12:20 ),UK's benchmark FTSE 100 was last trading up at 0.55 percent, Germany's Dax was up by 0.57 percent, France’s CAC finished was up by 0.53 percent.
Gold prices were subdued in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.
Spot gold edged 0.1% lower to $1,863.30 per ounce by 1130 GMT. Prices touched a near one-month low of $1,843.99 on Monday.
Oil prices rose on Tuesday, holding near multi-year highs, amid optimism that demand will recover rapidly in the second half of this year.
Brent crude was up by 52 cents, or 0.7%, at $73.38 a barrel by 1028 GMT, close to a late April 2019high. U.S. oil gained 49 cents, or 0.7%, to $71.37 a barrel, near a 32-month high