Europe Roundup: Euro holds above $1.20 against dollar, Europe shares ease, Gold gains, Oil hits $68 on Libya force majeure despite pandemic surge-April 20th,2021
Europe Roundup: Euro dips as dollar, yields advance, European shares gain, Gold slides more than 1%, Oil falls as Suez opens, focus turns to OPEC+ output cuts-March 30th,2021
America’s Roundup: Dollar at three-week lows as Treasury yields subdued, Wall Street ends mixed, Gold falls, Oil climbs nearly 5% on signs of increasing crude demand-April 15th,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
America’s Roundup: Dollar drops to three-week lows after inflation data,Wall Street ends mixed, Gold gains, Oil rises 1% after robust China data but J&J vaccine pause weighs-April 14th,2021
Europe Roundup: Sterling edges up against dollar, European shares gain, Gold firms, Oil near one-month highs as demand outlook improves-April 15th,2021
Europe Roundup: Euro edges higher against dollar after Euro zone factory activity jumps, European shares gain, Gold rises, Oil up as OPEC+ meets to decide on production policy-April 1st,2021
America’s Roundup: Dollar slides ahead of U.S. payrolls data, Wall Street gains, Gold rises, Oil rises as OPEC+ decides on production policy-April 2nd, 2021
America’s Roundup: Dollar rises as minutes shows Fed committed to supporting economic recovery, Gold edges lower, Oil up on global economic recovery, but high U.S. gasoline stocks weigh-April 8th,2021
America’s Roundup: Dollar hits over 1-week trough, Wall Street ends higher, Gold inches lower, Oil down 5% as rising OPEC+, Iranian output weighs-April 6th,2021
Europe Roundup: Euro edges lower after mixed economic data from Germany, European shares flat,Gold slips from one-month high, Oil prices dip on mixed supply and demand outlook-April 9th,2021
America’s Roundup: Dollar drops as traders prepare for inflation data, Wall Street ends mixed, Gold slips, Oil rises on U.S. vaccine rollout, Middle East tension-April 13th,2021
Europe Roundup: Sterling steadies versus dollar after hard profit-taking knock, European shares gain, Gold hits 3-week peak, Oil falls on surge in U.S. gasoline stocks-April 8th,2021
America’s Roundup: Dollar retreats as profit-taking, Wall Street ends lower, Gold scales over 1-week peak, Oil gains over 1% on strong U.S., China economic data-April 7th,2021
Europe Roundup: Sterling recovers against dollar, European stocks ease, Gold slips, Oil rises but remains rangebound as COVID-19 cases soar-April 12th,2021
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
Europe Roundup: Sterling edges higher supported by Britain's swift vaccine roll out, European stocks gain, Gold rebounds, Oil jumps on vaccine optimism, U.S. stimulus-March 1st,2021
•Swiss Retail Jan Sales (YoY) -0.5%, 4.7% previous
•Spanish Feb Manufacturing PMI 52.9, 52.0 forecast, 49.3 previous
•Sweden GDP (YoY) -2.2%,-2.5% previous
• Italian Feb Manufacturing PMI 56.9, 57.0 forecast, 55.1 previous
•French Feb Manufacturing PMI 56.1, 55.0 forecast, 51.6 previous
•German Feb Manufacturing PMI 60.7, 60.6 forecast, 57.1 previous
•EU Feb Manufacturing PMI 57.9, 57.7 forecast, 54.8 previous
•UK Feb Manufacturing PMI 55.1, 54.9 forecast, 54.1 previous
•UK Jan BoE Consumer Credit -2.392B, -1.900B forecast, -0.965B previous
•Italian Feb CPI (MoM) 0.1%,0.7% previous
•French Car Registration (YoY) -20.9%,-5.8% previous
Looking Ahead - Economic Data (GMT)
•13:00 Canada Current Account (Q4) -8.3B forecast, -7.5B previous
•13:30 French 12-Month BTF Auction-0.614% previous
•13:30 French 3-Month BTF Auction -0.617% previous
•13:30 French 6-Month BTF Auction 0.616% previous
•13:30 Belgian GDP (QoQ) (Q4) 0.2% forecast,0.2% previous
•14:00 Canada Feb Manufacturing PMI 54.4 previous
•14:45 US Feb Manufacturing PMI 58.5 previous
•15:00 US Feb ISM Manufacturing New Orders Index 61.1 previous
•15:00 US Feb ISM Manufacturing Employment 53.0 forecast, 52.6 previous
•15:00 US Feb ISM Manufacturing PMI 58.8 forecast, 58.7 previous
•15:00 US Feb ISM Manufacturing Prices 80.0 forecast, 82.1 previous
Looking Ahead - Economic events and other releases (GMT)
•14:05 US FOMC Member Brainard Speaks
•15:20 EU ECB's De Guindos Speaks
•15:20 German Buba Vice President Buch Speaks
•15:20 EU ECB President Lagarde Speaks
EUR/USD: The euro declined against dollar on Monday as traders waited for a speech later this afternoon by President Christine Lagarde. Pressure has been growing on the European Central Bank to act against rising yields in the euro zone. Traders will focus on a speech later this afternoon by President Christine Lagarde. On the data front, Germany’s factory activity rose to its highest level in more than three years last month, driven by higher demand from China, the United States and Europe. The euro fell 0.23% to $1.2042, after dropping 0.9% at the end of last week, the most since April. Immediate resistance can be seen at 1.2089 (5DMA), an upside break can trigger rise towards 1.2117 (21DMA).On the downside, immediate support is seen at 1.2029 (38.2% fib), a break below could take the pair towards 1.1933 (23.6%fib).
GBP/USD: Sterling edged higher against both the euro and the dollar on Monday as a swift coronavirus vaccine roll out supported the pound and fuelled hopes of economic recovery. After retreating from a three-year high on Friday to fall below $1.39 amid a rout in global bond markets and concerns of inflation risks, sterling rose as high as $1.3999 in Asian trading .In early London trading, it was 0.1% higher at $1.3938 by 0933 GMT as investors bet a vaccination programme would help lift the British economy. Immediate resistance can be seen at 1.4015 (5DMA), an upside break can trigger rise towards 1.4182 (Feb 25th HIgh).On the downside, immediate support is seen at 1.3914 (23.6%fib), a break below could take the pair towards 1.3861 (21DMA).
USD/CHF: The dollar strengthened against the Swiss franc on Monday as greenback was supported by U.S. Treasuries recovery from last week’s losses Benchmark 10-year.Key yields fell from highs seen last week when market participants became wary that when economies re-open from coronavirus lockdowns a combination of massive government stimulus and pent-up consumer demand will cause inflation to accelerate.The U.S. 10-year treasury yield was down around 3 basis points at 1.429% at 1207 GMT, having dropped from Thursday’s one-year high of 1.614% although it did edge up slightly overnight. Immediate resistance can be seen at 0.9145 (38.2%fib), an upside break can trigger rise towards 0.9202 (23.6%fib).On the downside, immediate support is seen at 0.9097 (50%fib), a break below could take the pair towards 0.9071 (5 DMA).
USD/JPY: The dollar rose against the Japanese yen Monday as investor sentiment improved after reflationary bets sent bond markets for their biggest monthly selloff in years.The rise in bond yields last month, spurred on by U.S. fiscal stimulus hopes and a post-pandemic economic rebound that could fuel inflation, reverberated around the world. The dollar index rose 0.26% to 91.02 after posting its biggest surge since June on Friday. Strong resistance can be seen at 106.74 (Daily high), an upside break can trigger rise towards 106.90 (23.6%fib).On the downside, immediate support is seen at 106.46 (38.2%fib), a break below could take the pair towards 106.15 (50%fib).
European stocks recovered on Monday after bond markets stabilized following a sharp selloff last week, while sentiment was boosted by heightened optimism over global COVID-19 vaccination programmes and a $1.9 trillion U.S. stimulus package.
At (GMT 12:40 ),UK's benchmark FTSE 100 was last trading up at 1.43 percent, Germany's Dax was up by 1.02 percent, France’s CAC finished was up by 1.39 percent.
Gold jumped over 1% on Monday as a retreat in U.S. Treasury yields pushed investors to bullion again as a refuge from inflation following the passage of a $1.9 trillion U.S. stimulus package.
Spot gold was up 0.5% to $1,742.30 per ounce at 1151 GMT, after rising as much as 1.5% to $1,759.53 earlier in the session. U.S. gold futures rose 0.7% to $1,740.70 per ounce.