Europe Roundup:Euro falls ahead of ECB meeting, European shares fall, Gold prices at near 1-week low, Oil falls $2 after OPEC+ producers agree to raise output-19th July, 2021
America’s Roundup: U.S. dollar advances as Delta variant dampens risk appetite, Wall Street slips, Gold eases, Oil slumps as OPEC agrees output boost-July 20th,2021
America’s Roundup: Dollar little changed as fears of rate hikes subside, Gold inches higher, Oil prices rise as OPEC+ calls off output talks-July 6th,2021
Europe Roundup: Euro edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
America’s Roundup: Dollar heads for second weekly rise, Wall Street closes at record highs, Gold dips, Oil edges up in weekly rebound on forecasts for tight supplies-24th July,2021
America’s Roundup: Dollar falls after U.S. nonfarm payrolls data, Wall Street gains,Gold gains, Oil steady, traders on sidelines as OPEC+ talks drag on-July 3rd,2021
Europe Roundup: Sterling dips against greenback, heads for worst week in a month, European shares rise, Gold slips, Oil up, but on track for biggest weekly drop in months-July 16th,2021
America’s Roundup: Dollar falls as Fed's Chairman Powell maintains dovish message, Wall Street ends mixed, Gold gains, Oil dips 2% on oversupply fears after OPEC negotiates a deal-July 15th,2021
Europe Roundup: Sterling hits a 5-month low as COVID19 cases rise in the UK, European stocks stabilise, Gold rebounds, Oil rises after slide but COVID-19, supply concerns weigh-July 20th,2021
America’s Roundup: Dollar falls from three-month high as traders unwind risk,Wall Street ends lower, Gold eases, Oil prices rise after big draw in U.S.crude, gasoline stocks-July 9th,2021
Europe Roundup: Sterling gains after UK inflation jumps in June,European shares slip, Gold firms, Oil prices fall as China crude import data weighs-July 14th,2021
America’s Roundup:U.S. dollar little changed following Fed minutes, U.S. stocks edge up, Gold firms, Oil falls as investors seek clarity from OPEC-July 8th,2021
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Euro dips as focus turns to U.S. inflation data, European shares ease, Gold little changed,Oil climbs on expected further draw in crude inventories-July 13th,2021
Europe Roundup: Sterling ticks higher after UK sets out reopening plans , European shares slip, Oil soars to multi-year highs after OPEC+ talks collapse-July 6th,2021
Europe Roundup: Euro dips on firmer dollar, U.S. inflation data in focus ,European stocks dips, Gold subdued ,Oil prices slip as economic worries offset tightening supplies-12th July,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
•Swiss May PPI (YoY) 3.2%,1.8% previous
•EU Apr Industrial Production (YoY) 39.3%,37.4% forecast,10.9% previous
•EU Apr Industrial Production (MoM) 0.8%,0.4% forecast, 0.1% previous
• Portuguese May CPI (MoM) 0.2%, 0.2% forecast, 0.4% previous
• Portuguese May CPI (YoY) 1.2%,1.2% forecast, 0.6% previous
Looking Ahead - Economic data ahead (GMT)
• 12:30 Canada April Manufacturing Sales (MoM) -1.0% forecast, 3.5% previous
• 12:30 Canada New Motor Vehicle Sales (MoM) 173.0% previous
• 13:00 French 6-Month BTF Auction -0.641% previous
• 13:00 French 3-Month BTF Auction -0.643% previous
• 13:00 French 12-Month BTF Auction -0.636% previous
• 15:30 US 6-Month Bill Auction 0.040% previous
• 15:30 US 3-Month Bill Auction 0.025% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged higher on Monday on bets that European Central Bank is in no rush to reduce its aggressive emergency measures, backed by comments from its president. The eurozone economy is at a turning point, but its recovery needs to be firm and sustained before the central bank can discuss how to regain emergency support, ECB President Christine Lagarde said in an interview with Politico. Last week the ECB agreed to maintain a high rate of bond purchases to keep borrowing costs very low and policymakers had no questions about reducing support even as the economy recovered from the shock of COVID-19 crisis. Immediate resistance can be seen at 1.2134 (38.2%fib), an upside break can trigger rise towards 1.2148 (5DMA).On the downside, immediate support is seen at 1.2093 (Daily low), a break below could take the pair towards 1.2050(23.6% fib).
GBP/USD: Sterling was largely unmoved on Monday by news Britain is set to announce delay to end of COVID restrictions, as the government tries to slow a rapid rise in COVID-19 infections. Prime Minister Boris Johnson is expected to announce later a delay of four weeks to his February roadmap, under which his government signalled all social restrictions to control the spread of the disease would be lifted “no earlier” than June 21. Sterling, which has been one of the best performing currencies in 2021 as investors bet on a strong British economic rebound, hovered just below recent highs. Immediate resistance can be seen at 1.4112 (50% fib), an upside break can trigger rise towards 1.4133 (5 DMA).On the downside, immediate support is seen at 1.4061 (38.2%fib), a break below could take the pair towards 1.4000 (Psychological level).
USD/CHF: The dollar edged higher against the Swiss franc on Monday as traders cut their bearish bets on greenback before a much-anticipated Federal Reserve meeting that might signal a change in the outlook for U.S. monetary policy. The U.S. central bank begins a scheduled two-day policy meeting on Tuesday. Recent data pointing to a surge in inflation has raised concerns that price pressures following the post-COVID economic reopening could force policymakers into an earlier tapering of currency-depreciating stimulus. Immediate resistance can be seen at 0.9000 (Psychological level), an upside break can trigger rise towards 0.9020(38.2%fib).On the downside, immediate support is seen at 0.8968 (5DMA), a break below could take the pair towards 0.8932 (23.6% fib ).
USD/JPY: The dollar was little changed against the Japanese yen on Monday as trading was muted ahead of a Federal Reserve meeting this week. The U.S. central bank meeting on Wednesday will be key this week as financial markets look to see whether the Federal Reserve will reiterate that a recent rise in U.S. inflation is transitory. Investors are also eyeing the meeting to see whether the Fed could signal it is moving away from ultra-loose monetary policy earlier than expected. Strong resistance can be seen at 109.76 (38.2% fib), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 109.57(5DMA), a break below could take the pair towards 109.28 (50% fib).
European stocks hit a record on Monday as investors bet that global central banks would remain accommodating in their monetary policies even as the post-pandemic economic recovery accelerates.
At (GMT 12:10 ),UK's benchmark FTSE 100 was last trading up at 0.17 percent, Germany's Dax was up by 0.10 percent, France’s CAC finished was up by 0.07 percent.
Gold prices fell more than 1% on Monday, weighed down by a stronger dollar and easing concerns about inflation, while investors awaited cues from the U.S. Federal Reserve’s policy meeting due later this week.
Spot gold was down 1.1% to $1,856.30 per ounce by 0908 GMT, after hitting its lowest since May 19 at $1,854.39. U.S. gold futures fell 1.1% to $1,858.20.
Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.
Brent was up 53 cents, or 0.7%, at $73.22 a barrel by 1050 GMT, its highest since May 2019.
U.S. West Texas Intermediate gained 44 cents, or 0.6%, to $71.35 a barrel, its highest since October 2018.