Europe Roundup: Euro dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,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
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
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 dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-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
Europe Roundup: Sterling edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,2021
America’s Roundup: Dollar edges lower as investors wait for a catalyst, Wall Street ends mixed, Gold gains, Oil falls on profit taking after hitting 2-year high-June 8th,2021
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,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: 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: 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 rises on US inflation data as traders await Fed meeting outcome, Wall Street slips,Gold dips, Oil climbs nearly 2%-June 16th,2021
America’s Roundup: Dollar gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,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 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
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
•French Mar Government Budget Balance -60.1B, -47.5B previous
•UK Net Lending to Individuals 11.3B, 4.9B previous
•UK Mar Mortgage Approvals 82.74K, 92.30K forecast, 87.70K previous
•UK Mar BoE Consumer Credit -0.535B, -0.500B forecast, -1.246B previous
•UK Mar Mortgage Lending 11.83B, 5.80B forecast, 6.20B previous
•UK Apr Manufacturing PMI 60.9, 60.7 forecast, 58.9 previous
Looking Ahead - Economic Data (GMT)
•12:30 German Imports 258.30B previous
•12:30 German Exports 187.30B previous
•12:30 Canada March Building Permits (MoM) 2.0%,2.1% previous
•12:30 Canada March Trade Balance 0.70B forecast, 1.04B previous
•12:30 US March Trade Balance -74.50B forecast, -71.10B previous
•12:30 Canada March Imports 48.82B previous
•12:30 Canada Exports 49.86B previous
•12:55 Redbook (MoM) -17.2% previous
•12:55 Redbook (YoY) 13.9% previous
•13:45 April US ISM-New York Index 804.5 previous
•13:45 April US ISM NY Business Conditions 37.2% previous
•14:00 US April IBD/TIPP Economic Optimism 56.4 previous
•14:00 US Mar Factory Orders (MoM) 1.3% forecast, -0.8% previous
•14:00 US Mar Durables Excluding Defense (MoM) 0.5% previous
•14:00 US Mar Factory orders ex transportation (MoM) -0.6% previous
•15:30 New Zealand GlobalDairyTrade Price Index -0.1% previous
Looking Ahead - Economic events and other releases (GMT)
•17:00 US FOMC Member Daly Speaks
EUR/USD: The euro declined against dollar on Tuesday as investors weighed chances that interest rates will be forced higher by a roaring U.S. economic recovery and awaited upcoming data and policy speeches for clues. Tuesday's recovery reversed losses suffered on Monday after a weaker than expected U.S. manufacturing survey report. Despite the fact that April's survey numbers were lower than March, yet the U.S. economic recovery remained steady with price pressures rising Immediate resistance can be seen at 1.2168 (16th Feb high), an upside break can trigger rise towards 1.2197 (61.8%fib).On the downside, immediate support is seen at 1.2123 (38.2%fib), a break below could take the pair towards 1.2046(38.2%fib).
GBP/USD: Sterling dipped against the dollar on Tuesday with potential volatility expected ahead of Thursday’s Bank of England meeting and the Scottish parliamentary elections. The BoE is expected to announce tapering, or a reduction in the pace of its bond purchases at its meeting. Meanwhile, the Scottish National Party (SNP) is expected to win a majority in Scottish parliament, which some see as a risk for Britain. Sterling was 0.35% lower to the dollar by 11:40 GMT at $1.3858 . Against the euro it rose 0.2% to 86.58 pence. Immediate resistance can be seen at 1.3922 (23.6%fib), an upside break can trigger rise towards 1.4005(Lower BB).On the downside, immediate support is seen at 1.3808 (38.2%fib), a break below could take the pair towards 1.3761 (100DMA).
USD/CHF: The dollar strengthened against the Swiss franc on Tuesday as investors awaited upcoming data and policy speeches for clues. Tuesday’s bounce reversed losses sustained on Monday after a disappointing U.S. manufacturing survey report, leaving it 1% above a one-month low struck last week.Though April’s headline survey numbers were lower than March, the U.S. recovery remained firmly on track with price pressures rising, while the Federal Reserve appeared to be in no hurry to tighten. Immediate resistance can be seen at 0.9151(38.2%fib), an upside break can trigger rise towards 0.9171 (21DMA).On the downside, immediate support is seen at 0.9087 (23.6%fib), a break below could take the pair towards 0.9061(Lower BB).
USD/JPY: The dollar gained against the yen on Tuesday as the dollar rebounded from a fall in the previous session triggered by weaker-than-expected U.S. economic data. The dollar drifted higher, pausing a month long decline as investors consider whether a roaring U.S. economic recovery may force interest rates higher, looking to upcoming economic data and policy speeches for clues. Japan and mainland China’s markets remained closed on Tuesday for holidays dampening trading volumes across the region. Strong resistance can be seen at 109.43 (38.2%fib), an upside break can trigger rise towards 109.81(Higher BB).On the downside, immediate support is seen at 108.86 (50%fib), a break below could take the pair towards 108.78 (20DMA).
European shares inched lower on Tuesday as an early boost from commodity, bank and travel stocks was offset by losses in highly valued technology companies and automakers.
At (GMT 12:10),UK's benchmark FTSE 100 was last trading down at 0.00 percent, Germany's Dax was down by 1.45 percent, France’s CAC was last down by 0.39 percent.
Spot gold was down 0.6% to $1,782.45 per ounce, after hitting its highest since Feb. 25 at $1,797.75 on Monday.