Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
Europe Roundup:Euro inches higher in run-up to ECB verdict, European shares dips,Gold rises, Oil prices firm as U.S. output struggles after storm-September 9th,2021
America’s Roundup: Dollar skids as soft U.S. inflation weighs, Wall Street ends higher, Gold retreats, Oil prices jump over $2/bbl after drawdown in U.S. stocks-September 16th,2021
America’s Roundup: Dollar turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,2021
America’s Roundup: U.S. dollar index hits 4-week high, US stocks fall,Gold firms, Oil falls 2% on risk aversion-September 21st,2021
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
Europe Roundup: Sterling dips for second day against dollar,European stocks slip, Gold slips, Oil mixed, fears of slower demand weigh on sentiment-September 7th,2021
Europe Roundup: Sterling on the back foot amid UK recovery worries, Gold edges up, Oil at one-week high as U.S. supply concerns dominate-September 13th,2021
Europe Roundup: Sterling edges up after UK inflation jump, European stocks slip, Gold eases, Oil prices climb after drawdown in U.S. stocks-September 15th,2021
Europe Roundup: Euro dips as safety flows extend dollar rally ahead of Fed, European shares slide,Gold little changed, Oil falls below $75 on risk-averse mood, U.S. Gulf output-September 20th,2021
America’s Roundup: Dollar eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,2021
America’s Roundup: Dollar dips on weak U.S. jobs growth, Wall Street mixed, Gold climbs, Oil slips as COVID variant weighs on U.S. jobs-September 4th,2021
America’s Roundup: Dollar gains after hitting near two-week low, Wall Street ends mixed, Gold dips, Oil settles up as U.S. producers, refiners assess storm damage-August 31st,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
Europe Roundup: Sterling dips as traders assess inflation impact, European shares gain,Gold dips, Oil holds above $75 as U.S. inventory drop supports-September 16th,2021
America’s Roundup: Dollar hits three-week high, driven by recent data ,Wall Street slips, Gold edges lower, Oil falls as storm-hit U.S. supply trickles back into market-September 18th,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
•Spanish Unemployment Change -197.8K , -166.9K previous
•EU Jun PPI (MoM) 1.4%, 1.4% forecast, 1.3% previous
•EU Jun PPI (YoY) 10.2%,10.3% forecast, 9.6% previous
Looking Ahead – Economic Data (GMT)
•12:00 Brazil Jun Industrial Production (MoM) 1.7% forecast, 1.4% previous
• 12:00 Brazil Jun Industrial Production (YoY) 11.8% forecast, 24.0% previous
•12:00 US Redbook (YoY) 16.0% previous
•13:30 Canada Jul Manufacturing PMI 56.5 previous
•14:00 US IBD/TIPP Economic Optimism 54.3 previous
•14:00 US Jun Factory Orders (MoM) 1.0% forecast, 1.7% previous
•14:00 US Jun Durables Excluding Defense (MoM) 1.0% previous
•14:00 US Jun Factory orders ex transportation (MoM) 0.7% previous
•15:30 US GlobalDairyTrade Price Index-2.9% previous
Looking Ahead - Events, Other Releases (GMT)
•US FOMC Member Bowman Speaks
EUR/USD: The euro strenthened against dollar on Tuesday as dollar was hurt by subdued U.S. economic data and rising cases of the Delta variant of the coronavirus. Data from the Institute for Supply Management on Monday showed U.S. manufacturing slowed in July for the second straight month. With little data coming out of the euro zone, focus was on June factory and durable goods orders data out of the U.S. due at 1400 GMT. Immediate resistance can be seen at 1.1904(38.2%fib), an upside break can trigger rise towards 1.1962(23.6%fib).On the downside, immediate support is seen at 1.1861 (50% fib), a break below could take the pair towards 1.1828(9DMA).
GBP/USD: Sterling strengthened against dollar on Tuesday, helped by recent falls in COVID-19 infections in Britain and optimism around Britain’s easing of lockdown restrictions. After most lockdown measures in England were dropped in July, the pound had a rebound, reaching as high as $1.39835 at the end of the month. Since then it has stayed mostly above $1.39.At 0801 GMT on Tuesday, sterling was up 0.2% on the day versus the dollar, at $1.39125. Immediate resistance can be seen at 1.3931(3rd Aug high),an upside break can trigger rise towards 1.4030(Higher BB).On the downside, immediate support is seen at 1.3917 (38.2%fib), a break below could take the pair towards 1.3827 (11DMA).
USD/CHF: The dollar declined against Swiss franc on Tuesday as dollar was dragged lower by soft U.S. manufacturing data and rising concerns about the coronavirus Delta variant. Market focus is also on U.S. non-farm payroll data due on Friday, an important parameter to determine the Fed's future policy stance.At 10:11 GMT, the dollar was trading 0.20 percent lower versus the Swiss franc at 0.9031.Immediate resistance can be seen at 0.9071(38.2%fib), an upside break can trigger rise towards 0.9111 (50%fib).On the downside, immediate support is seen at 0.9023 (23.6%fib), a break below could take the pair towards 0.9000 (Psychological level).
USD/JPY: The dollar declined against the Japanese yen on Tuesday as dollar was on the back foot against the safe-haven yen following soft U.S. manufacturing data and rising concerns about the coronavirus Delta variant. U.S. manufacturing activity grew at a slower pace in July for the second straight month as raw material shortages persisted, though there are signs of some easing in supply-chain bottlenecks. At 10:11 GMT, the dollar was trading 0.20 percent lower versus the yen at 109.19.Strong resistance can be seen at 109.33(Daily high an upside break can trigger rise towards 109.44 (38.2%fib).On the downside, immediate support is seen at 109.09 (50%fib), a break below could take the pair towards 108.92(Lower BB).
Strong earnings updates from oil major BP, banks and others drove European stocks to record highs on Tuesday even as concerns lingered over rising Delta variant cases and China’s regulatory moves.
At (GMT 10:17),UK's benchmark FTSE 100 was last trading up at 0.39 percent, Germany's Dax was up by 0.16 percent, France’s CAC was last up by 0.93 percent.
Gold prices were caught in a tight range on Tuesday as investors held back from making large bets ahead of U.S. jobs data later this week expected to shed more light on labour market health and the Federal Reserve’s tapering timeline.
Spot gold slipped 0.2% to $1,810.40 per ounce by 0859 GMT, while U.S. gold futures fell 0.4% to $1,814.10.
Oil rose on Tuesday on expectation of a continuous decline in U.S. oil inventories, recouping some losses from the previous session due to lingering concern over rising cases of the Delta coronavirus variant.
Brent , the international benchmark for oil prices, rose 60 cents, or 0.8%, to $73.49 a barrel, at 0905 GMT.
U.S. West Texas Intermediate (WTI) crude was up 63 cents, or 0.9%, at $71.89 a barrel.