Europe Roundup: Sterling slips against the dollar as investors look to BoE ,European shares inch higher, Gold edges lower, Oil prices drift lower on India demand hiccup-April 30th,2021
Europe Roundup: Sterling holds recent gains against dollar, European stocks inched higher, Gold hits 3 month high, Oil prices stable as recovery confidence holds up-May 17th, 2021
Europe Roundup: Sterling transcends above $1.40 for first time since February, European stocks inch higher , Gold gains, Oil gains after cyber-attack leads to closure of U.S. fuel pipelines-May 10th,2021
America’s Roundup: Dollar climbs as risk appetite fades, Gold falls from 2-mth high, Oil rises on U.S. and European demand growth optimism-May 5th,2021
America’s Roundup: Dollar rises U.S. inflation data ,Wall Street skids on inflation fears, Gold dips, Oil rises to 8-wk high on demand hopes, U.S. export decline-May 13th,2021
Europe Roundup: Euro dips against dollar ahead of U.S. inflation data, European stocks inch higher ,Gold slips, Oil climbs on demand outlook as market awaits fresh cues-May 12th,2021
Europe Roundup: Euro dips against dollar in wake of US rates talk , European stocks rebound, Gold eases, Oil nears $70 as easing Western lockdowns boost summer demand outlook-May 5th,2021
Europe Roundup: Euro little changed against dollar as investors awaited Fed’s policy meeting on Wednesday, European stocks dips, Gold steady, Oil rises to $66 ahead of OPEC+ meeting-April 27th,2021
Europe Roundup: Sterling set for second week of gains versus dollar, European stocks rebound, Gold rises, Oil prices rise but India coronavirus cases weigh-May 14th,2021
America’s Roundup: Dollar slips after disappointing U.S. jobs data, wall street ends higher Gold gains, Oil prices set for weekly gain despite India virus surge-May 8th,2021
America’s Roundup: Dollar index little changed after more proof of rising inflation, Wall Street ends higher ,Gold rebounds, Oil drops 3% on India's COVID-19 catastrophe, U.S. pipeline restart-May 14th,2021
Europe Roundup: Sterling dips ahead of BoE meeting, Scottish elections, European shares dips ,Gold retreats from 2-month high, Oil rises on U.S., Europe demand growth optimism-4th May,2021
Europe Roundup: Euro gains after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 2021
Europe Roundup: Euro breaks to nine-week peak, European shares edge higher,Gold retreats , Oil prices rise, bullish demand outlook offsets India concerns-April 29th,2021
America’s Roundup: Dollar dips on improved risk appetite, investors await US jobs data ,Wall street gains, Gold rises,Oil prices fall 1% on worries of pandemic surge in India-May 7th,2021
Europe Roundup: Euro dips as dollar strengthens ahead of Fed meeting, European stocks slip, Gold slips to 1-week low, Oil prices steady as rising demand outlook tempered by COVID worries-April 28th,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
•Eurozone Feb Retail Sales (YoY) -2.9%,-5.4% forecast, -6.4% previous
•Eurozone Feb Retail Sales (MoM) 3.0%,1.5% forecast, -5.9% previous
Looking Ahead – Economic Data (GMT)
•13:00 French 12-Month BTF Auction -0.632% previous
•13:00 French 3-Month BTF Auction -0.625% previous
•13:00 French 6-Month BTF Auction-0.621% previous
•15:30 US 3-Month Bill Auction 0.020% previous
•15:30 US 6-Month Bill Auction 0.035% previous
•17:00 US 10-Year Note Auction 1.523% previous
Looking Ahead - Economic events and other releases (GMT)
• 13:00 UK MPC Member Tenreyro Speaks
• 13:00 Canada BoC Business Outlook Survey
•17:00 US FOMC Member Rosengren Speaks
EUR/USD: The euro strengthened against dollar on Monday as markets bided their time in a key week for U.S. Treasury markets. U.S. Treasury yields, which have stabilised in the past two weeks after a sharp rise, could get a fresh steer from auctions $96 billion of three and 10-year bonds will be sold on Monday and key inflation data on Tuesday. The dollar index, which measures the greenback against a basket of currencies, rose 0.1% to 92.275 while the euro dropped 0.2% to $1.1875. Immediate resistance can be seen at 1.1930 (8th April high), an upside break can trigger rise towards 1.1950(38.2%fib).On the downside, immediate support is seen at 1.1860 (23.6%fib), a break below could take the pair towards 1.1835(9DMA).
GBP/USD: The pound rose on Monday as some UK lockdown measures were eased, recovering some of last week’s losses, but analysts cautioned that the boost to sterling from being ahead in the vaccine race could be shortlived as other countries catch up. England’s shops, pubs, gyms and hairdressers reopened after three months of lockdown. The UK’s vaccine rollout one of the fastest in the world - helped the pound have its best quarter since 2015 in the first three months of 2021.The pound was up around 0.4% against the dollar $1.3765. Immediate resistance can be seen at 1.3768 (38.2%fib), an upside break can trigger rise towards 1.3808 (21DMA ).On the downside, immediate support is seen at 1.3667 (50%fib), a break below could take the pair towards 1.3587 (61.8%fib).
USD/CHF: The dollar dipped against the Swiss franc on Monday as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming days. The dollar’s fortunes have been tied to the performance of Treasury yields for most of 2021, after concerns about rising inflation in the United States and a stimulus-fuelled economic rebound triggered a significant jump in yields on U.S. government bonds in February. Investors are now waiting for U.S. March inflation data due on Tuesday. Immediate resistance can be seen at 0.9268(5DMA), an upside break can trigger rise towards 0.9279(21DMA).On the downside, immediate support is seen at 0.9221 (50%fib), a break below could take the pair towards 0.9155 (50%fib).
USD/JPY: The dollar dipped against the Japanese yen on Monday as investors waited to see whether U.S. earnings would justify sky-high valuations, while a rally in bonds could be tested by what should be strong readings for U.S. inflation and retail sales this week. Over the weekend, Federal Reserve Chair Jerome Powell said the economy was about to start growing faster, though the coronavirus remained a threat. Data out this week are expected to show U.S. inflation jumped in March. Retail sales are seen surging, perhaps even with a double-digit gain. Treasury is also set to test demand with offers of $100 billion in debt this week. Strong resistance can be seen at 109.76 (5DMA), an upside break can trigger rise towards 110.15 (23.6%fib).On the downside, immediate support is seen at 109.05(50%fib), a break below could take the pair towards 108.69(25th March Low).
European stocks eased from all-time highs on Monday as investors held off from making big bets ahead of the earnings season, while British retailers reopened as the economy emerges from a strict winter lockdown.
At (GMT 12:20 ),UK's benchmark FTSE 100 was last trading down at 0.24 percent, Germany's Dax was up by 0.30 percent, France’s CAC was last up by 0.19 percent.
Gold prices eased on Monday as U.S. Treasury yields remained elevated, denting the appeal of bullion, while investors waited for this week's key U.S. inflation and retail sales data.
Spot gold was 0.1% down at $1,741.80 an ounce by 1147 GMT. U.S. gold futures eased 0.1% to $1,743.50.
Oil prices rose on Monday on optimism over a rebound in the U.S. economy as coronavirus vaccinations accelerated and on tensions in the Middle East, though rising COVID-19 cases elsewhere kept a lid on prices.
Brent was up 86 cents, or 1.4%, at $63.81 a barrel by 1121 GMT. West Texas Intermediate (WTI) U.S. crude rose 78 cents, or 1.3%, to $60.10.