America’s Roundup: Dollar almost unchanged as attention shifts to upcoming US data, ECB meeting, U.S. stocks end lower, Gold range-bound, Oil steadies amid weak summer kickoff for U.S. fuel demand-June 10th,2021
America’s Roundup: Dollar falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,2021
Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,2021
Europe Roundup: Euro dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
America’s Roundup: Dollar edges lower as investors wait for a catalyst, Wall Street ends mixed, Gold gains, Oil falls on profit taking after hitting 2-year high-June 8th,2021
Europe Roundup:Euro dips on dovish ECB tone,European shares rises, Gold dips, Oil inches higher as upbeat demand outlook counters supply concerns-May 28th,2021
America’s Roundup:Dollar edges down after inflation data,Wall Street ends higher, Gold edges higher, Oil hits two-year highs on rising demand expectations-June 11th,2021
Europe Roundup: Euro edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,2021
America’s Roundup: Dollar gains after data shows US economy gaining momentum, Wall Street edges up, Gold holds steady, Oil prices gain 1%, boosted by U.S. economic data-May 28th,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
Europe Roundup: Euro eases against dollar after German ZEW economic sentiment weakens in June, European rises to new high, Gold slips, Oil prices fall, but the outlook remains optimistic-June 8th,2021
Europe Roundup: Sterling edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,2021
America’s Roundup: Dollar rise as Fed officials downplay inflation concerns, Wall Street ends lower, Gold eases, Oil settles higher on stronger demand outlook as U.S inventories fall-May 27th,2021
Europe Roundup: Euro gains after German inflation data, European stocks retreat, Gold gains, Oil firms near $70 a barrel on improving demand outlook-May 31st,2021
America’s Roundup: Dollar broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,2021
America’s Roundup: Dollar gains as currency investors seek aggressive central banks, Wall Street little changed, Gold slips, Oil hits multi-year highs-June 12th,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
•German GDP (YoY) (Q1) -3.3%,-3.6% forecast, -2.7% previous
•German GDP (QoQ) (Q1) -1.7% , -1.5% forecast, 0.3% previous
•Italian GDP (YoY) (Q1) -1.4%, -1.6% forecast, -6.6% previous
•Italian GDP (QoQ) (Q1) -0.4%,-0.5% forecast, -1.9% previous
•EU Apr CPI, n.s.a 107.16, 106.53 previous
•EU Apr CPI (YoY) 1.6%, 1.6% forecast, 1.3% previous
•Italian Apr CPI (YoY) 1.1%, 1.0% forecast, 0.8% previous
•Italian Apr HICP (MoM) 0.9%, 0.8% forecast, 1.8% previous
•EU Mar Unemployment Rate 8.1%, 8.3% forecast, 8.3% previous
•EU GDP (YoY) -1.8%-2.0% forecast, -4.9% previous
•EU CPI (MoM) 0.6%,0.9% previous
•EU GDP (QoQ) -0.6%,-0.8% forecast, -0.7% previous
•Canada March IPPI (MoM) 34.7% 1.6%,2.6% previous
•Canada Mar RMPI (MoM) 2.3%,6.6% previous
•Canada Mar IPPI (YoY) 10.0%, 7.1% previous
•US Employment Wages (QoQ) (Q1) 1.00%,0.90% previous
•US Employment Benefits (QoQ) (Q1) 0.60%,0.60% previous
•Brazil Mar Debt-to-GDP ratio 61.3%, 61.8% forecast, 61.6% previous
•Canada Feb GDP (MoM) 0.4%, 0.5% forecast, 0.7% previous
•US Mar Real Personal Consumption (MoM) 3.6%,-1.2% previous
•US Mar PCE price index (MoM) 0.5%, 0.2% previous
•US Mar PCE Price index (YoY) 2.3, 1.6 previous
•US Mar Core PCE Price Index (MoM) 0.4%,0.3% forecast,0.1% previous
•US Mar Personal Spending (MoM) 4.2%, 4.1% forecast, -1.0% previous
•US Mar Core PCE Price Index (YoY) 1.8%,1.8% forecast, 1.4% previous
•US Mar Personal Income (MoM) 21.1%,20.3% forecast, -7.1% previous
Looking Ahead – Economic Data (GMT)
•13:45 US Apr Chicago PMI 65.3 forecast, 66.3 previous
•14:00 US Apr Michigan Consumer Sentiment 87.4 forecast, 86.5 previous
•14:00 US Apr Michigan Inflation Expectations 3.7% forecast, 3.7% previous
•14:00 US Apr Michigan 5-Year Inflation Expectations 2.70% forecast, 2.70% previous
•14:00 US Apr Michigan Consumer Expectations 79.7 forecast, 79.7 previous
•15:00 Canada Feb Budget Balance (YoY) -268.18B previous
•15:00 Canada Feb Budget Balance -20.01B previous
•16:00 US Mar Dallas Fed PCE 1.80% previous
•17:00 US U.S. Baker Hughes Oil Rig Count 344 previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Friday as after data showed Euro zone economy dipped in first quarter. The euro zone economy dipped into a second technical recession after a smaller than expected contraction in the first quarter, but is now firmly set for recovery as pandemic curbs are lifted amid accelerating vaccination campaigns. The European Union’s statistics office Eurostat said gross domestic product in the 19 countries sharing the euro contracted 0.6% quarter-on-quarter for a 1.8% year-on-year fall. The euro was last trading down 0.27% at $1.2085 . Immediate resistance can be seen at 1.2130(23.6%fib), an upside break can trigger rise towards 1.2177 (Higher BB).On the downside, immediate support is seen at 1.2068 (11DMA), a break below could take the pair towards 1.2044(38.2%fib).
GBP/USD: The pound slipped against the dollar on Friday as traders avoided making big bets before the Bank of England’s policy meeting next week.Sterling was down 0.2% at $1.3922, losing ground from a nine-day high hit on Thursday following a slump in the dollar to its lowest in nine weeks after the U.S. Federal Reserve waved off any talk of shifting its monetary policy. Immediate resistance can be seen at 1.3978 (23.6%fib), an upside break can trigger rise towards 1.4006 (Higher BB).On the downside, immediate support is seen at 1.3861(38.2%fib), a break below could take the pair towards 1.3800(Psychological level).
USD/CHF: The dollar edged higher against the Swiss franc on Friday as firmer economic growth in the United States increased demand for dollar. Data on Thursday showed U.S. economic growth accelerated in the first quarter, fuelled by massive government aid to households and businesses.
That came against the backdrop of the Federal Reserve’s reassurance on Wednesday that it was not time yet to begin discussing any change in its easy monetary policy. At 12:40 GMT, the dollar was 0.24 percent higher versus the Swiss franc at 0.9161. Immediate resistance can be seen at 0.9108(5DMA), an upside break can trigger rise towards 0.9150(38.2%fib).On the downside, immediate support is seen at 0.9076 (23.6%fib), a break below could take the pair towards 0.9044(Lower BB).
USD/JPY: The dollar held near recent high against Japanese yen on Friday as strong U.S. data and corporate earnings plus the Federal Reserve's commitment to support the economy fuelled investors' appetite for riskier dollar. Data on Thursday showed U.S. economic growth accelerated in the first quarter, fuelled by massive government aid to households and businesses. Data came against the backdrop of the Federal Reserve's reassurance on Wednesday that it was not time yet to begin discussing any change in its easy monetary policy. Strong resistance can be seen at 109.07 (50%fib), an upside break can trigger rise towards 109.46 (38.2%fib).On the downside, immediate support is seen at 108.63(23.6%fib), a break below could take the pair towards 108.36(Lower BB).
European stocks inched higher on Friday, as strong corporate earnings lifted investor spirits ahead of the release of euro zone economic growth data for the first quarter.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last up at 0.32 percent, Germany's Dax was up by 0.40 percent, France’s CAC was last down by 0.06 percent.
Gold prices edged down on Friday as higher U.S. Treasury yields dampened the metal's appeal, while palladium eased off a record high scaled a day earlier.
Spot gold was down 0.2% at $1,767.12 per ounce by 0113 GMT, U.S. gold futures were steady at $1,768.30 per ounce.
Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and the economic recovery.
Brent crude was 84 cents, or 1.2% lower, at $67.22 a barrel by 1016 GMT, the last day of trading for the front-month June contract. U.S. West Texas Intermediate crude for June was at $64.04 a barrel, down 97 cents, or 1.4%.