Europe Roundup: Euro hits two-month low as hawkish Fed fuels dollar , European shares slip, Gold slips to hit one-month low, Oil prices retreat, but stay near multi-year highs –June 17th,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
America’s Roundup: U.S. dollar advances to two-month peak, Wall Street ends lower,Gold slips over 2%, Oil falls from multi-year high on stronger dollar-June 18th,2021
America’s Roundup: Dollar jumps after Fed eyes earlier start to rate hikes, Wall Street closes lower ,Gold slides over 1%,Oil settles near $75, at multi-year highs-June 17th,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 rises on US inflation data as traders await Fed meeting outcome, Wall Street slips,Gold dips, Oil climbs nearly 2%-June 16th,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
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
America’s Roundup: Dollar dips as traders assess the impact of a surge in U.S. inflation, Gold gains, Oil gains near $70 a barrel as demand outlook improves-June 1st,2021
America’s Roundup:Dollar heads for best week in nine month,Wall Street ends lower,Gold edges down, Oil gains on OPEC's view that US production growth will slow-June 19th,2021
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
America’s Roundup: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
Europe Roundup: The British pound rises after unexpected spike in inflation,European shares gain, Gold holds steady, Oil prices hit a new high-16th June ,2021
Europe Roundup: Sterling falls to one month low versus dollar ,European stocks inches lower, Gold little changed, Oil prices rebound after knock from U.S. driving season data-June 10th,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: 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
•Irish Apr CPI (MoM) 0.7%, 0.8% previous
•Italian 3-Year BTP Auction -0.06%,-0.17% previous
•Italian 30-Year BTP Auction 2.060%,1.470% previous
•Irish Apr CPI (YoY) 1.1%, -0.4% previous
• Irish Apr HICP (YoY) 1.1%, 0.1% previous
• Irish Apr HICP (MoM) 0.6%,0.9% previous
Looking Ahead - Economic Data (GMT)
• 12:30 US Jobless Claims 4-Week Avg 560.00K previous
• 12:30 US Continuing Jobless Claims 3,655K forecast, 3,690K previous
• 12:30 US Initial Jobless Claims490K forecast, 498K previous
•12:30 US Core Apr PPI (YoY) 3.7% forecast, 3.1% previous
• 12:30 US Apr Core PPI (MoM) 0.4% forecast, 0.7% previous
• 12:30 US Apr PPI (MoM) 0.3%, 1.0% previous
• 13:45 US ISM-New York Index 804.5 previous
• 13:45 US Apr ISM NY Business Conditions 37.2% previous
• 14:30 US Natural Gas Storage 76B forecast, 60B previous
• 15:30 US 4-Week Bill Auction 0.010% previous
•15:30 US 8-Week Bill Auction 0.010% previous
Looking Ahead - Economic events and other releases (GMT)
•15:00 Canada BoC Gov Macklem Speaks
EUR/USD: The euro edged higher against dollar on Thursday as investors awaited producer prices data, another inflation gauge, to see if a rise in prices would be strong enough to prompt a sooner-than-expected increase in interest rates.The Labour Department's data is likely to show U.S. producer prices rose 0.3% last month after a gain of 1% in March. A separate report is expected to indicate claims for U.S. unemployment benefits were below 500,000 in the latest week, for the third time in a row. The euro was up 0.20 percent at $1.2080. Immediate resistance can be seen at 1.2102(38.2%fib), an upside break can trigger rise towards 1.2171(Higher BB).On the downside, immediate support is seen at 1.2036 (50%fib), a break below could take the pair towards 1.2009(30DMA).
GBP/USD: Sterling steadied above $1.40 against the dollar on Thursday after losing its perch near $1.41 the previous day when stronger than expected U.S. inflation data pushed the dollar higher.UK GDP figures, which came in above expectations, had helped the pound stay strong on Wednesday, but it lost ground after the U.S. data showed that consumer prices had increased in April by the most in nearly 12 years, news which pushed the dollar higher as investors turned more cautious. By 11:40 GMT, the pound was lower 0.1% lower against the dollar at $1.4033. Immediate resistance can be seen at 1.4080 (Daily high), an upside break can trigger rise towards 1.4188 (23.6%fib).On the downside, immediate support is seen at 1.3995 (38.2%fib), a break below could take the pair towards 1.3967 (11DMA).
USD/CHF: The dollar declined against the Swiss franc on Thursday as surprisingly strong rise in U.S. consumer prices raised fears that the Federal Reserve would raise interest rates, weighing on risk appetite. Data on Wednesday showed U.S. consumer prices increased the most in nearly 12 years in April, intensifying concerns over rising inflation and raising expectations that the central bank would tighten its monetary policy. Traders will now turn attention to U.S. weekly jobless claims due later on Thursday for guidance on whether upward pressure on prices will persist.At (GMT 11:40), greenback dipped 0.18% versus the Swiss franc to 0.9074. Immediate resistance can be seen at 0.9126 (50%fib), an upside break can trigger rise towards 0.9158(30 DMA).On the downside, immediate support is seen at 0.9063(38.2%fib), a break below could take the pair towards 0.9006 (Lower BB).
USD/JPY: The dollar edged higher against the Japanese yen on Thursday as surprisingly strong rise in U.S. consumer prices supported dollar against yen. Traders will now turn attention to U.S. weekly jobless claims due later on Thursday and retail sales numbers on Friday for guidance on whether upward pressure on prices will persist.The greenback is likely to extend its gains as some investors unwind bearish bets, and re-position in anticipation of sustained inflation pressures as more economies emerge from the coronavirus pandemic. Strong resistance can be seen at 109.82 (23.6%fib), an upside break can trigger rise towards 110.00(Psychological level).On the downside, immediate support is seen at 109.35(38.2%fib), a break below could take the pair towards 108.88 (50%fib).
European stocks slid on Thursday, tracking an overnight selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners.
At (GMT 11:40),UK's benchmark FTSE 100 was last trading down at 1.50 percent, Germany's Dax was down by 0.77 percent, France’s CAC finished was down by 0.68 percent.
Gold touched a one-week low on Thursday, as U.S. Treasury yields rose and the dollar firmed after a bigger-than-expected rise in U.S. consumer prices boosted bets for early interest rate hikes.
Spot gold was down 0.1% at $1,814.47 per ounce by 1108 GMT, after falling to its lowest since May 6 at $1,811.74 earlier in the session. U.S. gold futures fell 0.5% to $1,814.40.
Oil prices fell more than 2% on Thursday as India's coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand later in the year.
Brent crude was down $1.65, or 2.3%, at $67.67 a barrel by 0948 GMT, after rising 1% on Wednesday. West Texas Intermediate (WTI) was down $1.66 cents, or 2.5%, to $64.42 a barrel, having risen 1.2% in the previous session.