America’s Roundup: Dollar extends gains, Wall Street ends lower, Gold hits two-week low, Oil settles up 1% on low U.S. output after hurricane, Oil settles up 1% on low U.S. output after hurricane-September 9th,2021
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
America’s Roundup: U.S. dollar strengthens against rivals as Fed's taper talk gathers pace, Wall Street ends mixed, Gold gains, Oil rises to six-week high as U.S. supply concerns dominate-September 14th,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 holds near three-week high ahead of U.S. jobs data,European stocks slip, Gold firms, Oil rises on demand outlook, Gulf outages-September 3rd,2021
America’s Roundup: Dollar gains as U.S. yields rise before ECB meeting, Wall Street falls, Gold retreats, Oil slides on demand concerns-September 8th,2021
America’s Roundup: Dollar softens after ADP data, Wall Street ends mixed,Gold little changed, Oil steadies, OPEC+ sticks to gradual output hikes-September 2nd,2021
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
Europe Roundup: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,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: U.S. dollar declines after U.S. Fed Chair Powell comments, Wall Street rises, Gold jumps, Oil posts biggest weekly gains in over a year ahead of Hurricane Ida-August 28th,2021
America’s Roundup: Dollar drops with US yields, euro buoyed as ECB trims emergency support, Wall Street closes down, Gold gains, Oil dives late, hit by China supply plan, U.S. bond auction-10th Sepember,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 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
Europe Roundup: Sterling slips ahead of vote on new UK tax, European stocks fall, Gold edge higher, Oil climbs on slow U.S. supply return after Hurricane Ida-September 8th,2021
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
•German Jun PPI (YoY) 1.3%, 8.4% forecast, 7.2%previous
•German Jun PPI (MoM) 8.5%, 1.1% forecast, 1.5% previous
•Swiss Jun Trade Balance 5.529B, 4.948B previous
• EU May Current Account n.s.a. 4.3B,31.4B previous
• EU May Current Account 11.7B, 22.8B previous
Looking Ahead –Economic Data (GMT)
•12:30 US Jun Building Permits (MoM) -2.9% previous
•12:30 US Jun Building Permits 1.700M forecast, 1.683M previous
•12:30 US Jun Housing Starts 1.590M forecast, 1.572M previous
•12:30 US Jun Housing Starts (MoM) 3.6% previous
•12:30 US Redbook (YoY) 14.0% previous
•15:30 New Zealand GlobalDairyTrade Price Index -3.6% previous
•16:00 Russian May Real Wage Growth (YoY) 2.2% forecast, 7.8% previous
•16:00 Russian Jun Unemployment Rate 5.0% forecast, 4.9% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined against the U.S. dollar on Tuesday as concerns over the economic impact of surging Delta coronavirus cases drove investors towards greenback. The European Central Bank announces policy on Thursday, with market participants keen to see how the monetary authority implements changes to its strategy unveiled earlier this month. The euro was last trading around $1.1801, just a touch away from last week's three month low of $1.1772. Immediate resistance can be seen at 1.1821 (38.2%fib), an upside break can trigger rise towards 1.1855 (21DMA).On the downside, immediate support is seen at 1.1750 (23.6%fib), a break below could take the pair towards 1.1727(Lower BB)
GBP/USD: Britain’s pound hit a five-month low against the dollar on Tuesday, as broad demand for the safe-haven dollar amid a global surge in coronavirus infections kept investors jittery. England lifted all COVID-19 social restrictions on Monday, in what local media dubbed “Freedom Day”, although looming over the end to lockdown measures was a surge in infections caused largely by the highly contagious Delta variant of the virus. By 0756 GMT on Tuesday, sterling was 0.2% lower against the dollar at $1.3644, having hit a more than five-month low of $1.3628.Immediate resistance can be seen at 1.3691 (38.2% fib), an upside break can trigger rise towards 1.3765 (50%fib).On the downside, immediate support is seen at 1.3627 (Daily low), a break below could take the pair towards 1.3606 (23.6%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Tuesday as fears that a rampant coronavirus variant could upend the global economic recovery drove investors to seek comfort in the U.S. dollar. Rising coronavirus cases across the United States and abroad fuelled fears of a pandemic resurgence as the highly contagious Delta variant appeared to be taking hold. At 11:00 GMT, the dollar was trading 026 percent higher versus the Swiss franc at 0.9190. Immediate resistance can be seen at 0.9195 (38.2%fib), an upside break can trigger rise towards 0.9222 (July 19th high).On the downside, immediate support is seen at 0.9174 (5 DMA), a break below could take the pair towards 0.9139 (50%fib).
USD/JPY: The dollar edged higher against the Japanese yen on Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery sent riskier assets higher. The fast-spreading Delta variant of COVID-19 is now the dominant strain worldwide, and has been accompanied by a surge in infections around the United States, particularly in areas where vaccinations have lagged. At 11:00 GMT, the dollar was trading 0.01 percent higher versus the yen at 109.44. Strong resistance can be seen at 109.68 (38.2%fib), an upside break can trigger rise towards 110.03(11DMA).On the downside, immediate support is seen at 109.31 (Daily low), a break below could take the pair towards 109.11 (23.6%fib).
European stocks bounced back on Tuesday after their worst selloff this year in the previous session, helped by a handful of positive corporate earnings and production updates from miners.
At (GMT 11:03 ),UK's benchmark FTSE 100 was last trading up at 0.28% percent, Germany's Dax was up by 0.07% percent, France’s CAC was last up by 0.51 percent.
Gold prices edged higher on Tuesday, supported by a drop in U.S. bond yields and concerns over a relentless surge in Delta variant infections, although a stronger dollar kept bullion’s gains in check.
Spot gold was up 0.2% at $1,815.61 per ounce by 0653 GMT, after hitting a one-week low of $1,794.06 in the previous session. U.S. gold futures gained 0.5% to $1,817.90.
Oil rose above $69 a barrel on Tuesday, recouping some of the previous session’s 7% slide, as a tight physical market pushed aside concerns about rising COVID-19 infections weakening the demand outlook and higher OPEC+ supply.
Brent crude gained 82 cents, or 1.2%, to $69.44 by 0810 GMT, after sliding 6.8% on Monday. U.S. crude for August , which expires later on Tuesday, was up 93 cents, or 1.4%, at $67.35, after falling 7.5% on Monday.