Europe Roundup: Euro gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,2021
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: Sterling slips after reaching two-week high versus dollar, European stocks rise,Gold's gains, Oil rebounds on robust economic data-April 6th,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
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 edges up as inflation data helps lift Treasury yields, Wall Street gains, Gold slips, Oil falls, ends week about 2% lower on supply increase, new lockdowns-April 10th,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
America’s Roundup: Dollar gains as improving U.S. outlook lifts greenback, Wall Street falls, Gold slips, Oil falls 1% as traffic in Suez Canal resumes-March 30th,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
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
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: Sterling recovers ground, hits one-week high vs. dollar,Gold prices ease, European shares gain,Oil maintains upward momentum despite fresh coronavirus fears- April 14th,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
America’s Roundup: Dollar edges higher on strong data, despite lower yields,Wall Street gains, Oil edges up to fresh 4-week highs as demand outlook improves-April 16th,2021
Europe Roundup: Euro weakens after German investor morale falls in April, European shares pause near record high, Gold slips to one-week low, Oil prices tick up after robust China data-April 13th 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 hits $1.40 for first time in nearly 3 years, European stocks rise, Gold prices fall,Oil extends losses as Texas prepares to ramp up output-February 19th,2021
•German Jan PPI (YoY) 0.9%,0.3% forecast, 0.2% previous
•German Jan PPI (MoM) 1.4%, 0.8% forecast, 0.8% previous
•UK Jan Public Sector Net Borrowing 8.02B, 33.38B previous
•UK Jan Retail Sales (MoM) -8.2%, -2.5% forecast, 0.3% previous
•UK Jan Core Retail Sales (YoY) -3.8%,2.2% forecast, 6.4% previous
•UK Jan Core Retail Sales (MoM ) -8.8%, -2.6% forecast, 0.4% previous
•UK Jan Retail Sales (YoY) -5.9%,-1.3% forecast, 2.9% previous
•French Jan HICP (MoM) 0.3%,0.3% forecast, 0.3% previous
•French Jan CPI (MoM) 0.1%,0.2% forecast, 0.2% previous
•French Feb Services PMI 43.6, 47.0 forecast, 47.3 previous
•German Feb Manufacturing PMI 60.6, 56.5 forecast, 57.1 previous
•Italian Jan CPI (MoM ) 0.7%,0.5% forecast, 0.2% previous
•EU Feb Markit Composite PMI 48.1, 48.0 forecast, 47.8 previous
•UK Manufacturing PMI 54.9, 53.2 forecast, 54.1 previous
•UK Services PMI 49.7, 41.0 forecast, 39.5 previous
•UK Composite PMI 49.8, 42.2 forecast, 41.2 previous
Looking Ahead - Economic Data (GMT)
•13:30 Canada Dec Core Retail Sales (MoM) -2.0% forecast, 2.1% previous
•13:30 Canada Retail Sales (MoM) -2.5%forecast, 1.3% previous
•14:45 US Feb Markit Composite PMI 58.7 forecast, 58.3 previous
•14:45 US Feb Markit Composite PMI 58.7 previous
•15:00 US Jan Existing Home Sales 6.61M forecast, 6.76M previous
•15:00 US Jan Existing Home Sales (MoM) -1.5%,0.7% previous
Looking Ahead - Economic events and other releases (GMT)
•15:00US Fed Monetary Policy Report
EUR/USD: The euro rose against dollar on Friday as single currency was driven up by a surge in global bond yields fuelled by expectations of reflation in the United States. The dollar lost ground, ending its first two-day winning streak in two weeks as disappointing labor market data tempered expectations for a speedy economic recovery from the global health crisis. The euro rose 0.4% to $1.2134. The single currency showed little reaction to purchasing manager index data, which showed a slowdown in business activity in February. However, factories had their busiest month in three years, buoying sentiment. Immediate resistance can be seen at 1.2143(50Fib%), an upside break can trigger rise towards 1.2213 (61.8%fib).On the downside, immediate support is seen at 1.2075(38.2%fib), a break below could take the pair towards 1.2026(16th Feb low).
GBP/USD: Sterling hit $1.40 against the dollar for first time in nearly 3 years on Friday, as investors bet Britain's quick pace of vaccinations will lead to an economic rebound from the country's worst crash in output in 300 years.At 12:30 GMT, the pound hit $1.4005 against the dollar, up 0.2% on the day. That level was its highest since April 2018. The pound is the best performing G10 currency this year, up 2.3% against the dollar as investors bet that Britain's quicker pace of vaccinations will lead to a recovery from the worst annual fall in economic output in three centuries. Immediate resistance can be seen at 1.4032(April 23rd high 2018), an upside break can trigger rise towards 1.4100(Psychological level).On the downside, immediate support is seen at 1.3911(23.6%fib), a break below could take the pair towards 1.3801 (38.2%fib).
USD/CHF: The dollar declined against the Swiss franc on Friday as U.S. dollar was knocked by disappointing jobs data. The U.S. currency had been rising in recent days as a jump in Treasury yields on the back of the so-called reflation trade drew investors. But an unexpected increase in U.S. weekly jobless claims soured the economic outlook and sent the dollar lower.On Friday it traded down 0.3% against a basket of currencies, with the dollar index at 90.309. Immediate resistance can be seen at 0.8943 (50%fib), an upside break can trigger rise towards 0.8981(38.2%fib).On the downside, immediate support is seen at 0.8892(61.8%fib), a break below could take the pair towards 0.8873 (Feb 18th low).
USD/JPY: The dollar declined against the Japanese yen on Friday after disappointing U.S. labour market data bruised optimism for the country's speedy recovery from the COVID-19 pandemic.The greenback continued to buck its traditional role as a safe-harbour currency, falling in sympathy with U.S. stocks overnight after an unexpected increase in weekly jobless claims soured the economic outlook. The string of soft labour data is weighing on the dollar even as other indicators have shown resilience, and as President Joe Biden's pandemic relief efforts take shape, including a proposed $1.9 trillion spending package. Strong resistance can be seen at 105.71 (38.2%fib), an upside break can trigger rise towards 106.21(23.6%fib).On the downside, immediate support is seen at 105.28(50%fib), a break below could take the pair towards 104.98 (61.8%fib).
Euro shares rose on Friday as data showed factory activity in February jumped to its highest in three years, while upbeat quarterly earnings updates from companies including Hermes boosted confidence in a broader economic recovery..
At (GMT 12:20),UK's benchmark FTSE 100 was last trading downat 0.17 percent, Germany's Dax was up by 0.71 percent, France’s CAC was last up by 0.74 percent.
Gold recouped some losses on Friday after dropping to its lowest in more than seven months, but stayed on course for its biggest weekly drop since end-November as rising U.S. Treasury yields eroded the appeal of non-yielding bullion.
Spot gold was down 0.1% at $1,773 per ounce by 0815 GMT, having touched its lowest since July 2 at $1,759.29 earlier in the session. Spot prices have declined 2.9% so far this week. U.S. gold futures slipped 0.1% to $1,773.20.
Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for restarting oil and gas fields shuttered by freezing weather.
Brent crude futures were down $1.16, or 1.8%, to $62.77 per barrel, by 1150 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.42, or 2.4%, to $59.10 a barrel.