Europe Roundup: Sterling hits a 5-month low as COVID19 cases rise in the UK, European stocks stabilise, Gold rebounds, Oil rises after slide but COVID-19, supply concerns weigh-July 20th,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
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
Europe Roundup: Euro gains after upbeat German manufacturing and retail sales data, European shares rises, Gold slips, Oil prices hit by concern over Chinese economy and higher supply-August 2nd,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
America’s Roundup: Dollar edges lower on dovish Fed tone, mixed economic outlook, Wall Street ends mixed, Gold gains, Oil falls over 3% on concerns over demand and OPEC supply boost-August 3rd,2021
America’s Roundup: Dollar falls as Fed talks about tapering but sets no timeline, Wall Street ends mixed,Gol
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
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
America’s Roundup: Dollar bounces after U.S. consumer spending rises strongly in June ,Wall Street falls, Gold retreats, Oil climbs, notches fourth monthly gain on growing demand-July 31st,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: Dollar edges lower ahead of Fed meeting, Wall Street gains, Gold eases ,Oil steadies in undersupplied market but coronavirus cases weigh-27th 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
Europe Roundup: Euro gains as dollar dips on dovish Fed, European stocks rises, Gold gains, Oil edges higher on inventory drawdowns-29th July,2021
America’s Roundup: U.S. dollar inches higher in volatile trading , Wall Street ends higher, Gold edges higher, Oil gains as demand seen outstripping supply-July 23rd,2021
America’s Roundup: Dollar recovers from earlier fall after US jobless claims data, Wall Street ends mixed, Gold scales 1-month peak, Oil falls as investors look out for more supply-16th July,2021
Europe Roundup: Sterling falls to one month low versus dollar ,European stocks inches lower, Gold little changed, Oil prices rebound after knock from U.S. driving season data-June 10th,2021
• Italian Apr Industrial Production (MoM) 1.8%, 0.3% forecast, -0.1% previous
• Italian Apr Industrial Production (YoY) 79.5%,72.2% forecast, 37.7% previous
• Greek Apr Industrial Production (YoY) 22.5%, 5.5% previous
• Greek May CPI (YoY) 0.1%,-0.1% forecast, -0.3% previous
• Irish May CPI (MoM) 0.1%, 0.7% previous
• Irish May CPI (YoY) 1.7%, 1.1% previous
• Irish May HICP (YoY) 1.9% , 1.1% previous
•ECB Marginal Lending Facility 0.25%,0.25% previous
•ECB Jun Interest Rate Decision 0.00% ,0.00% forecast, 0.00% previous
•ECB Jun Deposit Facility Rate-0.50% , -0.50% forecast, -0.50% previous
Looking Ahead - Economic data ahead (GMT)
•12:30 US Continuing Jobless Claims 3,602K forecast, 3,771K previous
•12:30 US Initial Jobless Claims 370K forecast, 385K previous
•12:30 US Jobless Claims 4-Week Avg 428.00K previous
•12:30 US May CPI Index, s.a 266.83 previous
•12:30 US May CPI, n.s.a (MoM) 0.82% previous
•12:30 US May CPI Index, n.s.a 268.47 forecast, 267.05 previous
•12:30 US May Core CPI (YoY) 3.4% forecast, 3.0% previous
•12:30 US May CPI (MoM) 0.4%,0.8% previous
•12:30 US May May Core CPI (MoM) 0.4% forecast, 0.9% previous
•13:00 RussiaCentral Bank reserves (USD) 605.9B previous
•US May Cleveland CPI (MoM) 0.2% previous
•US 8-Week Bill Auction 0.015% previous
•12:30 ECB Press Conference
• 17:00 ECB's Lane Speaks
• 13:40 German Buba Balz Speaks
EUR/USD: The euro was little against dollar on Thursday ahead of a European Central Bank meeting where policymakers are expected to signal they will keep the stimulus taps flowing.While speculation has mounted this year on whether an expected global economic recovery could lead central banks worldwide to dial back on extraordinary monetary easing, ECB officials have played those prospects down recently. The euro rose to a one-week high at $1.2218 on Wednesday only to finish little changed, and was essentially flat at $1.2172 .Immediate resistance can be seen at 1.1212 (23.6%fib), an upside break can trigger rise towards 1.1258 (June 1st high).On the downside, immediate support is seen at 1.2172 (5 DMA), a break below could take the pair towards 1.2148(38.2%fib).
GBP/USD:The British pound declined against the U.S. dollar on Thursday after Britain and the European Union failed to agree on solutions to post-Brexit trade problems in Northern Ireland.The UK and the EU exchanged threats this week in a standoff that could cloud a weekend international summit hosted by Britain.The British currency took a hit after the European Commission Vice President Maros Sefcovic said on Wednesday that the EU was considering advancing its legal challenge to Britain over UK action in Northern Ireland, which could result in a court case by autumn or the eventual imposition of tariffs and quotas. Immediate resistance can be seen at 1.4125(38.2%fib), an upside break can trigger rise towards 1.4145(9DMA).On the downside, immediate support is seen at 1.4069 (Daily low), a break below could take the pair towards 1.4027(50%fib).
USD/CHF: The dollar was little changed against the Swiss franc on Thursday as investors looked to key U.S. inflation data later in the session to potentially set the direction for currency markets. Investors have adopted a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound.The dollar index has fluctuated narrowly around the psychologically important 90 level, and was last at 90.137. At 12:00 GMT, the dollar was 0.19 percent lower versus the Swiss franc at 0.8949. Immediate resistance can be seen at 0.8986 (5 DMA), an upside break can trigger rise towards 0.9027 (38.2% fib).On the downside, immediate support is seen at 0.8941 (23.6% fib), a break below could take the pair towards 0.8900 (Psychological level).
USD/JPY: The dollar was unchanged against the Japanese yen on Thursday as investors looked to U.S. inflation data later in the session. Investors have adopted a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound. The U.S. Labor Department's consumer prices data has been much anticipated after last month's report showed consumer prices increased by the most in nearly 12 years in April.That has stoked bets that higher prices could last longer than some anticipate, potentially calling into question the Federal Reserve's insistence that current inflation pressures are transitory and monetary stimulus should stay in place for some time yet. The dollar traded at 109.46 per yen, little changed from Wednesday and near the middle of the 109.19-110.325 range of the past two weeks. Strong resistance can be seen at 109.55(38.2%fib), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 109.q3 (50%fib), a break below could take the pair towards 108.67 (61.8%fib).
European stocks inched lower on Thursday as energy and automakers’ shares slipped, with investors focused on a European Central Bank meeting in the day.
At (GMT 12:00 ),UK's benchmark FTSE 100 was last trading up at 0.15 percent, Germany's Dax was down by 0.12 percent, France’s CAC was last down by 0.40percent.
Gold prices were on the back foot on Thursday as the dollar ticked higher, with investors staying on the sidelines ahead U.S. inflation data later in the day.
Spot gold was down 0.2% at $1,884.18 per ounce, as of 0712 GMT.
Oil prices rose on Thursday a day after slipping on data indicating weak U.S. driving season fuel demand as investors eyed upcoming U.S. economic data.
Brent crude oil futures were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019.
U.S. West Texas Intermediate oil futures rose 11 cents, or 0.16%, to $70.07 a barrel, staying near its highest since Oct. 2018.