America’s Roundup: U.S. dollar inches up, but off highs, Wall Street trades flat, Gold slips, Oil edges higher on U.S. stimulus hopes, tighter supplies-February 13th,2021
Europe Roundup:Sterling hits fresh highs vs dollar,European shares hover near one-year highs ,Oil prices near 13-month highs, supported by Texas cold snap-February 16th,2021
Europe Roundup: Sterling slips below $1.38 after UK GDP data,European shares dip, Gold slips, Oil dips after OPEC reduced demand forecast-February 12th,2021
America’s Roundup: Dollar hits fresh three-year lows against commodity-linked currencies, Wall Street closes higher ,Gold subdued , Oil rises after data shows slump in U.S. output amid Texas freeze-February 25th,2021
America’s Roundup: Dollar firms on sudden spike in U.S. Treasury yields,Wall Street ends sharply lower, Gold slides more than 2%, Oil mixed, U.S. crude hits highest since 2019 as refineries restart-February 26th,2021
Europe Roundup: Sterling hits highest level against dollar since April 2018 , European shares inch higher ,Gold rebounds, Oil gives up gains after rising above $65 on Texas freeze-February 18th,2021
America’s Roundup: Dollar stabilizes after Powell remarks, S&P 500 closes higher, Gold slid, Oil settles mixed amid post-storm uncertainty, Oil settles mixed amid post-storm uncertainty-February 24th,2021
America’s Roundup: Dollar slips in risk-off session, Wall Street slips ,Gold edges up, Oil falls after surging past $65 on Texas freeze-February 29h,2021
Europe Roundup: Sterling steadies ahead of UK budget, European stocks rally, Gold slips, Oil up as OPEC+ considers rollover rather than raising output-March 3rd,2021
America’s Roundup: Dollar gains as U.S. growth seen likely to outperform ,Wall Street dips ,Gold prices slid, Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover-March 4th,2021
America’s Roundup: Dollar gains as U.S. economic picture brightens, Gold slips to two month low, Oil jumps $1/bbl as Texas freeze prompts U.S. output drop-February 18th,2021
Europe Roundup: Sterling hits fresh highs vs dollar , European shares fall, Gold scales 1-week high, Oil rises on positive forecasts, slow U.S. output restart-23rd February 2021
America’s Roundup: Dollar gains on U.S. stimulus and vaccine hopes, Wall Street gains,Gold rises, Oil down more than 1% on Chinese fuel demand doubts, OPEC supply concerns-March 2nd ,2021
America’s Roundup: Dollar gains on bullish Bullard comments, upbeat data, Wall Street ends mixed, Gold prices slump, Oil settles near 13-month highs; Texas deep freeze supports-February 17th,2021
America’s Roundup: Dollar extends decline against euro,Wall Street ends mixed, Gold recovers from 7-month low, Oil extends losses as Texas prepares to ramp up output after freeze-February 20th,2021
Europe Roundup: Sterling rises up above $1.39 for first time since 2018,European shares gain,Gold eases, Oil hits 13-month highs as market re-balances-February 15th,2021
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
•Finnish Nov Current Account -0.10B, 0.50B previous
•Italian Nov Retail Sales (MoM) -6.9%, 0.6% previous
•Italian Nov Retail Sales (YoY) -8.1%, 2.9% previous
•US Dec NFIB Small Business Optimism 95.9, 101.4 previous
•Brazil Dec CPI (MoM) 1.35%, 1.21% forecast, 0.89% previous
• Brazil CPI (YoY) 4.52%, 4.38% forecast, 4.31% previous
Looking Ahead – Economic Data (GMT )
•13:55 US Redbook (YoY) 5.5% previous
• 13:55 US Redbook (MoM) 0.5% previous
•15:00 US IBD/TIPP Economic Optimism 49.0 previous
•15:00 US Nov JOLTs Job Openings 6.652M previous
•15:22 Brazilian Dec IPCA Inflation Index SA (MoM) 0.84% previous
•16:00 Russia Jan CPI (MoM) 0.6% forecast, 0.7% previous
•16:00 Russia Dec CPI (YoY) 4.7% forecast, 4.4% previous
Looking Ahead - Economic events and other releases (GMT)
•16:00 US FOMC Member Bostic Speaks
•16:00 US FOMC Member Brainard Speaks
•17:00 US FOMC Member Mester Speaks
•18:00 US FOMC Member George Speaks
EUR/USD: The euro edged higher on Tuesday as investors focused on the prospect of larger U.S. stimulus under incoming president Joe Biden. Biden will take office on Jan. 20 with his Democratic party in control of both Houses. In the previous session, investors booked profits following a rally last week after a Democrat sweep in the U.S. Senate elections. Immediate resistance can be seen at 1.2227 (Jan 11th High), an upside break can trigger rise towards 1.2272 (23.6%fib).On the downside, immediate support is seen at 1.2113 (38.2 % fib), a break below could take the pair towards 1.2043(23.6% fib).
GBP/USD: Sterling gained against the dollar on Tuesday as the greenback took a breather from its recent rally, allowing the British currency to gain some respite after four consecutive sessions of losses. On Tuesday, the pound recovered some of those losses as riskier currencies rallied alongside a rebound in stock markets. It traded 0.3% higher to the dollar at $1.3549 and 0.2% higher to the euro at 89.76 pence. Immediate resistance can be seen at 1.3620 (23.6% fib), an upside break can trigger rise towards 1.3700 (Psychological level).On the downside, immediate support is seen at 1.3506 (38.2%fib), a break below could take the pair towards 1.3425 (50%fib).
USD/CHF: The dollar was little changed against the Swiss franc on Tuesday as political turmoil in Washington and rising coronavirus cases kept investors cautious. Political uncertainty tempered the mood somewhat as Democrats introduced a resolution to impeach U.S. President Donald Trump, accusing him of inciting insurrection following a violent attack on the Capitol last week. Immediate resistance can be seen at 0.8911(38.2 % fib), an upside break can trigger rise towards 0.8942 (23.6%fib).On the downside, immediate support is seen at 0.8885 (505fib), a break below could take the pair towards 0.8855 (61.8% fib ).
USD/JPY: The dollar edged lower against the Japanese yen on Tuesday as investors worried that attempts to impeach President Donald Trump could delay the Joe Biden administration’s first moves on stimulus. Democrats will give Trump one last chance on Tuesday to leave office days before his term expires or face an unprecedented second impeachment over his supporters’ storming of the U.S. Capitol on Jan. 6. The greenback slipped 0.1% to 104.175 yen, after rising to a one-month high of 104.40 on Monday. Strong resistance can be seen at 104.42 (38.2% fib), an upside break can trigger rise towards 104.72 (100DMA).On the downside, immediate support is seen at 104.10 (50%fib), a break below could take the pair towards 103.71 (61.8% fib).
European stocks steadied on Tuesday after declining in the last session, as investors looked to the upcoming earnings season and focused on the prospect of larger U.S. stimulus under incoming president Joe Biden.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last trading down at 0.63% percent, Germany's Dax was down by 0.08 percent, France’s CAC was down by -0.11% percent.
Gold rose on Tuesday, rebounding from a near six-week low touched in the previous session, as stocks slipped on political turmoil in Washington and the slow pace of COVID-19 vaccinations across the world.
Spot gold rose 0.8% at $1,860.10 per ounce by 0724 GMT. On Monday, prices touched their lowest since Dec. 2. U.S. gold futures gained 0.5% to $1,860.
Oil hit an 11-month high towards $57 a barrel on Tuesday as tighter supply and expectations of a drop in U.S. inventories offset concerns over climbing coronavirus cases globally.
Brent crude was 75 cents, or 1.4%, higher at $56.41 a barrel by 1022 GMT and earlier hit $56.75, the highest since last February. U.S. West Texas Intermediate (WTI) gained 86 cents, or 1.7%, to $53.11.