Europe Roundup: Euro dips against dollar as markets await cues from Fed meet, European shares falls, Gold little changed, Oil steadies as supply shortages outweigh the spread of the virus-27th 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
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
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
Europe Roundup: Euro rebounds from 3-1/2 month lows ,European shares falls,Gold hits 1-month peak, Oil prices extend losses on expected supply increase-July 15th,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: 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
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
Europe Roundup: Euro softer after ECB pledged record low rates for longer, European shares gain,Gold little changed, Oil slips but set to end week steady on tight supply-July 23rd,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 : 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
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Euro edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
Europe Roundup:Euro falls ahead of ECB meeting, European shares fall, Gold prices at near 1-week low, Oil falls $2 after OPEC+ producers agree to raise output-19th July, 2021
America’s Roundup: Dollar sluggish at 1-month low on bets of a dovish Fed, Wall Street rises to record peak Gold jumps over 1%, Oil settles up as U.S. supplies tighten more-July 30th,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 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
• UK Index of Services 1.4%,-2.0% previous
• UK Monthly GDP 3M/3M Change 1.5%,-1.5% previous
• UK GDP (MoM) 2.3%,2.2% forecast, 2.1% previous
• German May WPI (YoY) 9.7%, 7.2% previous
• German May WPI (MoM) 1.7%, 1.1% previous
• UK Apr Industrial Production (MoM) -1.3%, 1.2% forecast, 1.8% previous
• UK Apr Trade Balance Non-EU -5.55B, -6.55B previous
• U.K. Apr Construction Output (YoY) 77.9%, 83.4% forecast, 6.0% previous
• U.K. Apr Construction Output (MoM) -2.0%, 1.4% forecast, 5.8% previous
• U.K. Apr Manufacturing Production (MoM) -0.3%,1.5% forecast, 2.1% previous
• U.K. Apr Manufacturing Production (YoY) 39.7%,41.8% forecast, 4.8% previous
• U.K. Apr Industrial Production (YoY) 27.5%,30.5% forecast, 3.6% previous
• U.K. Apr Trade Balance -10.96B, -12.10B forecast, -11.71B previous
•Spanish May CPI (YoY) 2.7%, 2.7% forecast, 2.2% previous
•Spanish May HICP (YoY) 2.4%, 2.4% forecast, 2.0% previous
Looking Ahead - Economic data (GMT)
•12:30 Canada Capacity Utilization Rate (Q1) 80.6% forecast, 79.2% previous
•13:00 Russia Apr Trade Balance 11.00B forecast, 10.02B previous
•14:00 US Michigan Jun Consumer Expectations 79.0 forecast, 78.8 previous
•14:00 US Michigan Jun Consumer Sentiment 84.0 forecast, 82.9 previous
•14:00 US June Michigan Current Conditions 92.3 forecast, 89.4 previous
•14:00 US Jun Michigan 5-Year Inflation Expectations 3.00% previous
•14:00 US Jun Michigan Inflation Expectations 4.6% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Friday as a dovish outcome to the ECB meeting a day earlier continued to weigh on euro. On Thursday, the European Central Bank maintained an elevated pace of pandemic emergency bond purchases (PEPP) for the third quarter. Though it upgraded its economic projections for this year and next, underlying inflation is still expected to stay below the ECB’s target at least through 2023, suggesting that support will be maintained in the aftermath of the PEPP programme, which expires next year. Immediate resistance can be seen at 1.2173( 61.8%fib), an upside break can trigger rise towards 1.2195 (50%fib).On the downside, immediate support is seen at 1.2129 (38.2%fib), a break below could take the pair towards 1.2087 (50%Fib).
GBP/USD: The pound edged lower against dollar on Friday after data showed Britain’s recovery from the COVID-19 pandemic in April was slightly disappointing. Britain’s GDP was a record 27.6% higher than a year earlier when the virus was rampant. But economic output remained 3.7% below its level in February 2020, before the pandemic led to lockdown measures. Sterling fell 0.1% versus the dollar to $1.4150, after falling to a one-month low of $1.4071 on Thursday. Immediate resistance can be seen at 1.4191 (June 9th high), an upside break can trigger rise towards 1.4245(23.6%fib).On the downside, immediate support is seen at 1.4150 (21DMA), a break below could take the pair towards 1.4130(38.2%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Friday as markets shrugged off Thursday's high U.S. inflation number, believing the Federal Reserve's stance is likely to be a temporary blip. Currency markets had been sluggish all week in anticipation of the data, but when it came in above expectations, there was little market reaction. The Federal Reserve has repeatedly said that it expects any rise in inflation to be temporary and that it is too soon to be discussing reducing its monetary stimulus. At 12:10 GMT, the dollar was 0.35 percent higher versus the Swiss franc at 0.8974. Immediate resistance can be seen at 0.8981 (21 DMA), an upside break can trigger rise towards 0.9018 (38.2% fib).On the downside, immediate support is seen at 0.8929 (23.6% fib), a break below could take the pair towards 0.8917 (Lower BB).
USD/JPY: The dollar gained against the Japanese yen on Friday after inflation data calmed concerns over a possible long-term spike in rising prices, with investors now turning focus to next week's Federal Reserve meeting for more cues on monetary policy. With recent data also indicating weakness in the labor market, the Fed is widely expected to maintain accommodative policy, which is positive for risk-driven assets. Strong resistance can be seen at 109.57(11DMA), an upside break can trigger rise towards 109.71 (38.2%fib).On the downside, immediate support is seen at 109.25(50%fib), a break below could take the pair towards 109.00 (Psychological level).
European stocks extended gains for a sixth session on Friday, buoyed by hopes that major central banks will stay accommodative despite signs of rising inflation, while gains in miners and travel firms supported regional indexes.
At (GMT 12:10 ),UK's benchmark FTSE 100 was last trading up at 0.55 percent, Germany's Dax was up by 0.47 percent, France’s CAC was last up by 0.72percent.
Gold prices edged lower on Friday as the dollar held steady with some investors betting on rising U.S. consumer prices being temporary.
Spot gold was down 0.2% to $1,894.06 per ounce by 0913 GMT. U.S. gold futures rose 0.1% to $1,898.40.
Oil prices rose on Friday to fresh multi-year highs and were set for their third weekly jump on expectations of a recovery in fuel demand in the United States, Europe and China as rising vaccination rates lead to an easing of pandemic curbs.
Brent crude futures edged up 13 cents to $72.65 a barrel to 1145 GMT, a day after closing at their highest since May 2019.
U.S. West Texas Intermediate (WTI) crude futures were up 14 cents to $70.43 a barrel, a day after their highest close since October 2018.