America’s Roundup: Dollar slides ahead of U.S. payrolls data, Wall Street gains, Gold rises, Oil rises as OPEC+ decides on production policy-April 2nd, 2021
Europe Roundup: Euro set for biggest monthly drop since mid-2019, European shares gain, Gold falls, Oil falls on hopes that Suez Canal blockage might end soon-March 29th ,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
America’s Roundup: Dollar at three-week lows as Treasury yields subdued, Wall Street ends mixed, Gold falls, Oil climbs nearly 5% on signs of increasing crude demand-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: 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
Europe Roundup: Sterling edges higher as Britain gets ready for April re-opening ,European stocks flat ,Gold little changed, Oil falls on OPEC+ concerns over slow demand recovery-March 31st,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 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 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 buoyant as economic outlook brightens, Wall Street rallies, Gold prices eases, Oil jumps 4% on fears Suez Canal blockage may last weeks-March 27th,2021
America’s Roundup: Dollar drops as traders prepare for inflation data, Wall Street ends mixed, Gold slips, Oil rises on U.S. vaccine rollout, Middle East tension-April 13th,2021
Europe Roundup: Sterling hits one-week low vs dollar, European stocks pause near record high, Gold falls, Oil prices slip despite stronger economic outlook-April 7th,2021
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: Sterling slips after reaching two-week high versus dollar, European stocks rise,Gold's gains, Oil rebounds on robust economic data-April 6th,2021
America’s Roundup: Dollar falls as U.S. weekly jobless claims rise unexpectedly,Wall Street advances, Gold firms near 1-month peak, Oil flat as weaker dollar offsets surge in U.S. gasoline stocks-April 9th,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
• EU Dec Industrial Production (YoY) -0.8%,-0.3% forecast, -0.6% previous
• EU Dec Industrial Production (MoM) -1.6%,-1.0% forecast, 2.5% previous
• EU Dec Trade Balance 29.2B, 25.3B forecast, 25.8B previous
•Greek Jan CPI (YoY) -2.0%,-2.3% forecast, -2.3% previous
Looking Ahead - Economic Data (GMT)
•13:30 Canada Dec Manufacturing Sales (MoM) 0.6%forecast, -0.6% previous
•14:00 French 12-Month BTF Auction -0.642% previous
•14:00 French 3-Month BTF Auction -0.643% previous
•14:00 French 6-Month BTF Auction-0.635% previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro edged higher against dollar on Monday as brighter world growth prospects and optimism over the coronavirus vaccine rollout supported euro. Trading volumes were thin on Monday with markets in China, Hong Kong and the United States shut for local holidays. Market participants awaited minutes of the U.S. Federal Reserve’s Federal Open Market Committee meeting at the end of January, due on Wednesday . The euro edged 0.2% higher to $1.21410, extending last week’s 0.6% advance. Immediate resistance can be seen at 1.2137(50%), an upside break can trigger rise towards 1.2209 (61.8%fib).On the downside, immediate support is seen at 1.2065 (38.2%fib), a break below could take the pair towards 1.2000 (Psychological level).
GBP/USD: The British pound climbed above $1.39 on Monday as hopes for the end of a third national lockdown boosted sterling. COVID-19 vaccination programme in the United Kingdom raised hopes that its economy will be able to recover more swiftly than its European peers.British Prime Minister Boris Johnson will judge this week how fast England can exit its COVID-19 lockdown after vaccinating 15 million of its most vulnerable people. Sterling was up 0.3% at $1.3905 at 12:20 GMT, not far from its highest level since late April 2018 of $1.3915 touched in early London trading. Immediate resistance can be seen at 1.3909(23.6%fib), an upside break can trigger rise towards 1.4000(Psychological level).On the downside, immediate support is seen at 1.3843 (Daily low), a break below could take the pair towards 1.3895 (38.2%fib).
USD/CHF: The dollar edged higher against the Swiss franc on Monday as optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington improved market sentiment. As more people are vaccinated across key markets such as the United States, and with U.S. President Joe Biden looking to pump an extra $1.9 trillion in stimulus into the economy, the so-called reflation trade has gathered steam in recent days. At (GMT 12:29), greenback dipped 0.06% versus the Swiss franc to 0.8897. Immediate resistance can be seen at 0.8934 (38.2%fib), an upside break can trigger rise towards 0.8972 (23.6%fib).On the downside, immediate support is seen at 0.8898 (50%fib), a break below could take the pair towards 0.8867(61.8%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Monday as optimism about COVID-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package strengthened dollar. Many financial markets in Asia remained closed on Monday for Lunar New Year, while U.S. stock markets will be shut for Presidents Day. Later in the week, all eyes will be on the release of minutes from the U.S. Federal Reserve's January meeting, where policymakers decided to leave rates unchanged, for hints to the likely direction of monetary policy. Strong resistance can be seen at 105.42 (23.6%fib), an upside break can trigger rise towards 106.00(Psychological level ).On the downside, immediate support is seen at 104.87 (38.2%fib), a break below could take the pair towards 104.40 (50%fib).
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more U.S. stimulus fuelled optimism around a faster global economic recovery this year.
At (GMT 12:38),UK's benchmark FTSE 100 was last trading higher at 1.89 percent, Germany's Dax was up by 0.35 percent, France’s CAC was last up by 1.39 percent.
Spot gold eased 0.4% to $1,816.40 per ounce, pressured by a jump in U.S. Treasury yields, which topped a near 11-month peak on Friday. Higher yields increase non-yielding bullion’s opportunity cost.U.S. gold futures fell 0.3% to $1,818.10.
Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.
Brent crude was up 92 cents, or 1.5%, at $63.35 a barrel at 1215 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020.
U.S. West Texas Intermediate (WTI) crude futures gained $1.20, or 2%, to $60.67 a barrel. It touched $60.95 - its highest since Jan. 8 last year, earlier in the session.