Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,2021
Europe Roundup: Euro gains after German inflation data, European stocks retreat, Gold gains, Oil firms near $70 a barrel on improving demand outlook-May 31st,2021
Europe Roundup: Sterling rebounds from 10-day low against greenback, European shares hover below highs, Gold steadies below $1,900, Oil prices fall on fears that Iran may resume supply-May 27th,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
America’s Roundup: Dollar rise as Fed officials downplay inflation concerns, Wall Street ends lower, Gold eases, Oil settles higher on stronger demand outlook as U.S inventories fall-May 27th,2021
America’s Roundup: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,2021
America’s Roundup: Dollar steadies as investors wait for information on Fed policy, Wall ends mixed, Gold slips, Oil marches to multi-year highs as economies reopen-June 15th,2021
America’s Roundup: Dollar almost unchanged as attention shifts to upcoming US data, ECB meeting, U.S. stocks end lower, Gold range-bound, Oil steadies amid weak summer kickoff for U.S. fuel demand-June 10th,2021
America’s Roundup: Dollar broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,2021
Europe Roundup: Euro edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,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
America’s Roundup: Dollar index hits three-week top in wake of robust U.S. data, US Stocks ends lower, Gold slides over 2%, Oil steady after mixed U.S. crude inventory report-June 4th,2021
America’s Roundup: Dollar gains after data shows US economy gaining momentum, Wall Street edges up, Gold holds steady, Oil prices gain 1%, boosted by U.S. economic data-May 28th,2021
Europe Roundup: Euro dips against dollar ahead of U.S. payrolls data, European stocks inch higher, Gold hits 2-week low, Oil rises towards $72 on demand prospects-June 4th,2021
Europe Roundup: Euro dips after downbeat German retail sales data, European stocks inches higher, Gold prices fall, Oil gains, supported by OPEC+ call to restore supply to the market-June 2nd,2021
America’s Roundup: Dollar falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,2021
Europe Roundup: Sterling dips against dollar as markets wait for global cues, European shares extend gains, Gold hovers near eight-week high, Oil extends losses on U.S. stock build, pandemic concerns-April 22nd 2021
•Swiss Mar Trade Balance 5.816B, 3.699B previous
•French Apr Business Survey 104, 99 forecast, 98 previous
• Belgium Apr Consumer Confidence -6, -4 previous
•UK Apr CBI Industrial Trends Orders -8 , 2 forecast, -5 previous
•Italian Feb Industrial Sales (MoM) 0.20%, 2.50% previous
•Italian Feb Industrial Sales (YoY) 0.90% , -1.60% previous
•Swiss March Unemployment Rate 6.8%,7.2% previous
Looking Ahead – Economic Data (GMT)
•US Continuing Jobless Claims 3,667K forecast, ,731K previous
•US Jobless Claims 4-Week Avg 683.00K previous
•US Initial Jobless Claims 617K forecast, 576K previous
•US Mar Chicago Fed National Activity -1.09 previous
•US Mar New Housing Price Index (MoM) 1.4% forecast, 1.9% previous
•Russia Central Bank reserves (USD) 580.5B previous
•US Mar Existing Home Sales 6.19M forecast, 6.22M previous
•US Mar Existing Home Sales (MoM) 0.9% forecast, -6.6% previous
• US Mar Leading Index (MoM) 1.0% forecast, 0.2% previous
• US Apr Consumer Confidence -10.8 forecast, -10.8 previous
• US Natural Gas Storage 49B forecast, 61B previous
• US KC Apr Fed Manufacturing Index 23 previous
• US KC Apr KC Fed Composite Index 26 previous
• US 4-Week Bill Auction 0.010% previous
• US 8-Week Bill Auction 0.015% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged higher against dollar before a European Central Bank meeting later on Thursday, where any positive comments about the economic outlook or hints of tapering bond purchases are expected to send the common currency racing higher.The ECB is not expected to change policy when it meets later on Thursday, but analysts say this meeting will set the stage for June, when policymakers have to decide whether to slow its bond buying. The euro was quoted at $1.2044, up 0.1% on the day and not far from its strongest since April 20th. Immediate resistance can be seen at 1.2072 (50%fib), an upside break can trigger rise towards 1.2100 (Psychological level).On the downside, immediate support is seen at 1.1986 (38.2%fib), a break below could take the pair towards 1.940(5DMA).
GBP/USD: The pound declined against dollar Thursday as investors weighed up the outlook for an economic recovery from COVID-19 in the UK. Earlier this week, sterling hit a six-week high against the dollar after Britain’s unemployment rate unexpectedly fell for a second month in a row in the December to February period, most of which the country spent under a tight COVID-19 lockdown. At 11:30 GMT, the pound was at $1.3901 versus the dollar, down 0.1% on the day. Versus the euro, it was down around 0.2% at 86.605 pence per euro. Immediate resistance can be seen at 1.3809 (50%fib), an upside break can trigger rise towards 1.3915(61.8%fib ).On the downside, immediate support is seen at 1.3748 (5DMA), a break below could take the pair towards 1.3702(38.2%fib ).
USD/CHF: The dollar declined against the Swiss franc on Thursday as reduced gains in U.S. Treasury yields weighed on greenback while, investors awaited weekly jobless claims data for clues on the pace of recovery in the U.S. labor market. The U.S. weekly jobless claims data is due later at 12:30 GMT. Official data is likely to show that the number of Americans filing new claims for jobless benefits rose last week. Immediate resistance can be seen at 0.9238 (50%fib), an upside break can trigger rise towards 0.9285 (11DMA).On the downside, immediate support is seen at 0.9157(Daily low), a break below could take the pair towards 0.9100(Psychological level).
USD/JPY: The dollar was pinned near recent lows against the Japanese yen on Thursday as fading gains in U.S. Treasury yields reduced the greenback's interest rate advantage. Sentiment toward the dollar has weakened as last month's spike in Treasury yields reverses course, but some analysts say the outlook over the longer term remains positive due to a strong U.S. economy and an improved coronavirus vaccination programme. The dollar was last up 0.02% at 108.16 yen, after hitting a daily low of 107.97 . Strong resistance can be seen at 108.22(38.2%fib), an upside break can trigger rise towards 108.44 (50%fib).On the downside, immediate support is seen at 108.09(23.6%fib), a break below could take the pair towards 107.94(Daily low).
European stocks moved towards record highs on Thursday after stumbling earlier in the week, as a set of strong earnings reports brightened sentiment .
At (GMT 12:20 ),UK's benchmark FTSE 100 was last trading up at 0.29 percent, Germany's Dax was up by 0.70 percent, France’s CAC was last up by 0.70 percent.
Gold prices rose on Thursday to hover near an eight-week high touched in the last session, as a sagging dollar and weaker U.S. Treasury yields boosted the metal's appeal, while palladium held close to an all-time high hit in the previous session.
Spot gold was up 0.1% at $1,794.67 per ounce by 0115 GMT, after hitting its highest since Feb. 25 at $1,797.41 on Wednesday.U.S. gold futures rose 0.1% to $1,795.40 per ounce.