America’s Roundup: Dollar eases off of two-week high ahead of jobs report as mega cap , Wall Street rises , Gold firms, Oil ends little changed, U.S. oil inventories fall-May 6th,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
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 breaks to nine-week peak, European shares edge higher,Gold retreats , Oil prices rise, bullish demand outlook offsets India concerns-April 29th,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 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 steadies above $1.40 against dollar, European shares dip, Gold hits 1-week low, Oil drops on India's COVID-19 crisis, pipeline resumption-May 13th,2021
America’s Roundup: Dollar index trades weak close to over 2-month low, Wall Street closes lower, Gold hovers near 3-month peak, Oil gains after cyberattack powers closure of critical U.S. pipelines-May 11th,2021
America’s Roundup: U.S. dollar mixed as investors hold back ahead of Fed meeting, Wall Street ends mixed, Gold falls, Oil rises as OPEC+ seen sticking to policy despite India COVID surge-April 28th,2021
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: Euro gains against dollar ahead of U.S. jobs data, European stocks hit a record high , Gold gains,Oil prices set for weekly gain despite India virus surge-May 7th,2021
America’s Roundup: Dollar dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,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
America’s Roundup: unnerve,Wall Street ends lower, Gold hits 3-month high, Oil climbs 1% on economic recovery hopes despite fresh Asian restrictions-May 18th,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
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 slips after reaching two-week high versus dollar, European stocks rise,Gold's gains, Oil rebounds on robust economic data-April 6th,2021
•Sweden Mar Services PMI (MoM) 61.3, 62.7 previous
•Spanish Unemployment Change -59.1K , 44.4K previous
•Italian Feb Monthly Unemployment Rate 10.2%, 9.0%forecast, 9.0% previous
•UK March Car Registration (MoM) 453.4%,-43.1% previous
•UK Car Registration (YoY) 11.5%,-35.5% previous
•EU April Sentix Investor Confidence 13.1, 7.5forecast, 5.0 previous
•EU April Unemployment Rate 8.3%, 8.1% forecast, 8.1% previous
Looking Ahead – Economic Data (GMT)
•12:55 US Redbook (MoM) -17.4% previous
•12:55 US Redbook (YoY) 9.8% previous
•13:00 French 6-Month BTF Auction -0.627% previous
•13:00 Brazil March Markit Services PMI 47.1 previous
•13:00 Brazil March Markit Composite PMI 49.6 previous
•14:00 US Feb JOLTs Job Openings 6.995M forecast, 6.917M previous
•14:00 US IBD/TIPP Economic Optimism 55.4 previous
•15:00 EU Consumer Inflation Expectation 18.6 previous
•15:30 New Zealand GlobalDairyTrade Price Index-3.8% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Tuesday as a weaker dollar and a pullback in U.S. bond yields lifted demand for euro. The dollar dipped versus a basket of its peers, even as data showed a gauge of U.S. services activity hit a record high in March and Friday’s bumper jobs report opened a cautious door to questions as to how much further the greenback and U.S. yields can go. The euro was down 0.02% to $1.1760. Immediate resistance can be seen at 1.1850 (20DMA), an upside break can trigger rise towards 1.1863 (38.2%fib).On the downside, immediate support is seen at 1.1772 (9DMA), a break below could take the pair towards 1.1734 (23.6%fib).
GBP/USD: Sterling slipped against dollar on Tuesday as investors took some cash off the table after cable jumped to its highest in more than two weeks, while traders continued to bet on a speedy re-opening of the British economy.Bets on an economic recovery, spurred by a rapid COVID-19 vaccination programme, have supported sterling over the past few months.On Monday, the pound recorded its best day against a weakening dollar since Feb. 18, as U.S. Treasury yields held below recent highs, while low liquidity with many parts of the world off for the Easter break was also seen exaggerating moves. Immediate resistance can be seen at 1.3931 (23.6%fib), an upside break can trigger rise towards 1.3995 (17th March high ).On the downside, immediate support is seen at 1.3819 (38.2%fib), a break below could take the pair towards 1.3795 (9DMA).
USD/CHF: The dollar held steady against the Swiss franc on Tuesday as optimism about the outlook for the U.S. economy prompted investors to consolidate positions after a selloff overnight. The dollar has risen this year, along with Treasury yields, as investors bet the United States would recover faster from the pandemic than other developed nations, amid massive stimulus and aggressive vaccinations. At 2.5%, March’s was the biggest monthly gain for the dollar since the end of 2016. Immediate resistance can be seen at 0.9402 (23.6%fib), an upside break can trigger rise towards 0.9474(March 31st high).On the downside, immediate support is seen at 0.9329(20DMA), a break below could take the pair towards 0.9311 (38.2%fib).
USD/JPY: The dollar dipped against the Japanese yen on Tuesday as greenback eased after U.S. yields retreated. The dollar's losses come even as data showed a gauge of U.S. services activity hit a record high in March and bumper non-farm payrolls on Friday, raising questions as to how much further the greenback and U.S. yields can go.The dollar has risen sharply this year, enjoying its best quarter in nearly three years, as the U.S. economy outperforms the world thanks to a loose monetary policy, large fiscal packages and an aggressive vaccination campaign. Strong resistance can be seen at 110.56(Daily high), an upside break can trigger rise towards 110.98 (23.6%fib).On the downside, immediate support is seen at 109.78(38.2%fib), a break below could take the pair towards 109.35 (9DMA).
Europe’s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on a speedy global economic recovery, spurred by bumper stimulus spending and COVID-19 vaccination programmes.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last trading up at 1.23 percent, Germany's Dax was up by 1.14 percent, France’s CAC was last up by 0.50 percent.
Gold rose to its highest in more than a week on Tuesday, supported by an easing dollar and lower U.S. Treasury yields, though firmer appetite for riskier assets kept bullion's advance in check.
Spot gold rose 0.2% to $1,732.53 an ounce by 1059 GMT after hitting its highest since March 25 at $1,738.32. U.S. gold futures gained 0.2% to $1,732.70.
Oil prices rose on Tuesday supported by strong economic data from China and the United States, recouping some of the losses from the previous session due to rising OPEC+ supply and infections in India and parts of Europe.
Brent rose 90 cents, or 1.5%, to $63.05 a barrel by 0840 GMT. U.S. West Texas Intermediate (WTI) crude rose 98 cents, or 1.7%, to $59.63.