America’s Roundup: Dollar gains on new COVID-19 strain, Wall Street ends mixed, Gold falls, Oil drops as new coronavirus variant revives demand fears-December 23rd,2020
Europe Roundup: Euro falls after weak Eurozone inflation data, European stocks jumps,Gold firms, Oil hits highest since late Feb on Saudi cuts, U.S. stock draw-January 7th,2020
Europe Roundup: Euro cruises higher as dollar skids again, European stocks gain,Gold rises,Oil rises on hopes U.S. pandemic stimulus will spur fuel demand-December 29th,2020
Europe Roundup: Euro lifted by U.S. stimulus cheer, European shares gains, Gold gains 1%, Oil rises to touch $52 after Trump signs aid bill-December 28th,2020
America’s Roundup: U.S. dollar inches up, pound gains after UK, EU strike Brexit trade deal, Wall Street gains, Gold rises, Oil edges higher after Brexit deal, gains capped by pandemic-December 25th,2020
America’s Roundup: Dollar index on track for biggest weekly gain since November, Wall Street drops, Gold falls 1%, Oil drops over 2% on China lockdowns, U.S. stimulus concerns-January 16th,2021
Europe Roundup: Sterling extend gains with Brexit deal in sight , European stocks extend rally, Gold rises, Oil holds above $50/barrel on U.S. stocks draw, Brexit deal hopes-December 24th,2020
America’s Rounup:Dollar slips from three-week peak, Wall Street ends higher,Oil settles up, near $57 on tight supply expectations-January 13th,2021
Europe Roundup: Euro eases as dollar ticks higher, European shares dip, Gold eases, Oil steadies as U.S. inventory fall tempers demand woes-January 13th,2021
Europe Roundup: Pound extends gains on new post-Brexit transition time for swaps trading, Gold dips, European shares retreat, Gold dips, Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus-December 31st,2020
Europe Roundup: Sterling recovers ground against dollar, European stocks edges lower, Gold gains, Oil hits 11-month high towards $57 as Saudi cut supports-January 12th,2021
Europe Roundup: Euro dips against dollar as recovery concerns resurface, European stocks inches lower, Gold gains, Oil slips as Chinese lockdowns, U.S. unemployment data temper gains-January 15th,2021
Europe Roundup: Euro gains on Brexit and vaccine optimism, European shares rally, Gold gains,Oil prices touch multi-month highs as OPEC+ expected to cap output-January 4th,2021
Europe Roundup: Sterling rises for a second day as dollar falls European stocks rise ,Gold hits 2-month peak, Oil extends gains after surprise Saudi output cut-January 6th,2020
America’s Roundup: Dollar hits near three-week peak, Wall St ends lower,Gold eases, Brent crude falls on renewed lockdowns –January 11tyh,2021
Europe Roundup: Euro slips further as focus shifts to U.S. stimulus, European stocks rises,Gold edges lower, Oil prices ease as pandemic outweighs Chinese and U.S. data-January 14th,2021
Europe Roundup: Sterling nears three-week highs against dollar,European stocks ease from one-month highs, Gold retreats from multi-year peak, Oil down as U.S. virus spike stokes demand worries-July 7th,2020
• German May Industrial Production (MoM)7.8%,10.0% forecast, -17.9% previous
• French May Current Account -8.50B, -5.40B previous
• French May Exports 27.7B, 23.7B previous
• French May French Imports 34.7B, 28.7B previous
• French May Trade Balance -7.1B, -5.0B previous
• French June Reserve Assets Total 197,166.0M, 217,404.0M previous
• UK Halifax House Price Index (YoY) 2.5%,2.6% previous
• UK June Halifax House Price Index (MoM) -0.1%,-0.9% forecast, -0.2% previous
• Italian May Retail Sales (YoY) -10.5%,-28.6% previous
• Italian May Italian Retail Sales (MoM) 24.3%,-11.5% previous
• UK Labour Productivity (Q1) -0.6%,0.3% previous
Looking Ahead - Economic Data (GMT)
• 12:55 US Redbook (MoM) -0.7% previous
• 12:55 US Redbook (YoY) -5.7% previous
• 14:00 Canada June Ivey PMI 39.1 previous
• 14:00 US May JOLTs Job Openings 4.850M, 5.046M previous
•14:00 Canada June Ivey PMI n.s.a 42.1 previous
•15:20 New Zealand GlobalDairyTrade Price Index 1.9% previous
Looking Ahead - Economic events and other releases (GMT)
• 13:00 US FOMC Member Bostic Speaks
• 17:00 US FOMC Member Quarles Speaks
• 17:00 US FOMC Member Daly Speaks
• 18:00 US FOMC Member Barkin Speaks
EUR/USD: The euro declined against dollar on Tuesday as forecasts for a deeper-than-feared recession in the euro zone dimmed optimism post-Coronavirus pandemic. The European Commission said the 19 nation single currency area would contract by a record 8.7% this year before rising by 6.1% in 2021. In early May, the Commission had forecast a downturn of 7.7% this year and a rebound in 2021 of 6.3%. Immediate resistance can be seen at 1.1344 (July 6th high), an upside break can trigger rise towards 1.1381 (Higher BB).On the downside, immediate support is seen at 1.1297 (23.6% fib), a break below could take the pair towards 1.1260 (Daily low).
GBP/USD: Sterling held near a three-week high against the dollar on Tuesday as investors waited for more details of the government’s plans to support the British economy. Despite the pound’s gains, some investors remained cautious about the currency’s outlook. Positioning data showed hedge funds increasing their bearish bets on the British pound, as the UK and European Union try to reach a trade agreement in their Brexit negotiations. Immediate resistance can be seen at 1.2535 (38.2% fib), an upside break can trigger rise towards 1.2600 (Psychological level).On the downside, immediate support is seen at 1.2431 (14 DMA), a break below could take the pair towards 1.2412 (55 DMA).
USD/CHF: The dollar gained against the Swiss franc on Tuesday as risks from rising coronavirus cases offset strong economic data and kept a lid on confidence in an economic recovery from the COVID-19 pandemic. Following a Monday slide, the greenback was steady on most majors and clung on near a two-week low against a basket of currencies. Investors are watching nervously as infections surge in the United States and India, but are so far taking the view that more massive lockdowns are unlikely. Immediate resistance can be seen at 0.9449 (38.2% fib), an upside break can trigger rise towards 0.9469 (14 DMA).On the downside, immediate support is seen at 0.9395 (Lower BB), a break below could take the pair towards 0.9339 (23.6% fib).
USD/JPY: The dollar gained against the Japanese yen on Tuesday as yen was pressured by a rise in demand for the dollar, as investors took a breather from stocks and other riskier investments after several days of gains. A sharp rebound in U.S. services industry activity in June, almost returning to pre-pandemic levels, also helped appetite for dollar. At 1215 GMT, the dollar was 0.34 percent lower versus the Japanese yen at 107.70 Strong resistance can be seen at 107.81 (Higher BB), an upside break can trigger rise towards 108.03 (Higher BB).On the downside, immediate support is seen at 107.28 (50% fib ), a break below could take the pair towards 107.00 (Psychological level).
European shares fell on Tuesday as surging U.S. coronavirus cases and forecasts for a deeper-than-feared recession in the euro zone dimmed optimism around a post-pandemic rebound.
At (GMT 12:15),UK's benchmark FTSE 100 was last trading down at 1.35 percent, Germany's Dax was down by 1.25 percent, France’s CAC finished was down by 0.88 percent.
Gold fell on Tuesday in the face of competition from safe haven inflows into the dollar as COVID-19 cases increased globally and investors booked profits following bullion’s rally to a near eight-year peak.
Spot gold fell 0.4% to $1,776.43 per ounce by 959 GMT. It earlier touched a high of $1,786.91, $2.05 shy of Wednesday’s near eight-year peak of $1,788.96. U.S. gold futures fell 0.5% to $1,784.00 per ounce.
Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand.
Brent crude futures declined by 44 cents, or 1.02%, to $42.66, by 0935 GMT, after hitting a high of $43.19.
U.S. West Texas Intermediate (WTI) crude futures fell 53 cents, or 1.3%, to $40.10 a barrel, after a high of $40.79.
Italian 10-year government bond yields were clinging to recent three-month lows on Tuesday as traders awaited signs of progress from talks this week in Brussels on a European recovery fund.
Italian 10-year BTP yields were last trading down 1.7 basis points at 1.29%, not far from 1.25%, the three-month low they last fell to on Friday.
German 10-year Bund yields also fell by 1.5 bps to -0.448% , having touched earlier a six-day low of -0.457%.