Europe Roundup: Sterling drops below $1.39, weighed down Fed and UK retail sales miss ,European shares falls, Gold gains,Oil falls amid dollar strength-June 18th,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: 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
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
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
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
Europe Roundup: Euro dips against dollar ahead of U.S. payrolls data, European stocks inch higher, Gold hits 2-week low, Oil rises towards $72 on demand prospects-June 4th,2021
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,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: 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
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 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
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
Europe Roundup:Euro climbs on upbeat German investor sentiment,European shares dips, Gold flat, Oil dips as pipeline outage fears ease, India weighs-May 11th,2021
• German Apr WPI (YoY) 7.2%, 4.4% previous
• German Apr WPI (MoM) 1.1%, 1.7% previous
• Italian Mar Industrial Production (MoM) -0.1%, 0.4% forecast, 0.2% previous
• Italian Mar Industrial Production (YoY) 37.7%,37.2% forecast, -0.6% previous
•EU May ZEW Economic Sentiment 84.0, 66.3 previous
• German May ZEW Current Conditions 40.1, -41.3 forecast, -48.8 previous
• German May ZEW Economic Sentiment 84.4, 72.0 forecast, 70.7 previous
•Brazil Apr CPI (YoY) 6.76% forecast, 6.10% previous
•Brazil Apr CPI (MoM) 0.30% forecast, 0.93% previous
Looking Ahead - Economic Data (GMT)
•12:55 US Redbook (YoY) 14.2% previous
•12:55 US Redbook (MoM) -17.2% previous
•13:45 US Apr ISM-New York Index 804.5 previous
•13:45 US Apr ISM NY Business Conditions 37.2% previous
•14:00 US Mar JOLTs Job Openings 7.500M forecast, 7.367M previous
Looking Ahead - Economic events and other releases (GMT)
•14:30 UK BoE Gov Bailey Speaks
•14:30 US FOMC Member Williams Speaks
•14:30 US FOMC Member Brainard Speaks
•17:00 US FOMC Member Daly Speaks
•17:15 US FOMC Member Bostic Speaks
•18:00 US FOMC Member Harker Speaks
EUR/USD: after data showed German investor sentiment surged to its highest level in May since the start of the COVID-19 pandemic. The ZEW economic research institute said its survey of investors' economic sentiment rose to 84.4 points from 70.7 the prior month. The last time it hit a higher level was in February 2000. The single currency climbed 0.35% to $1.2170, holding just below a Feb. 26 high of $1.2179 hit on Monday. It has gained 4% from a five-month low at the end of March. The euro's gains were also bolstered by widespread dollar weakness as investors waited for comments on U.S. policymaker thinking ahead of inflation data on Wednesday. Immediate resistance can be seen at 1.2186 (23.6%fib), an upside break can trigger rise towards 1.2208 (Higher BB).On the downside, immediate support is seen at 1.2110 (5DMA), a break below could take the pair towards 1.2087 (38.2%fib).
GBP/USD: Sterling steadied above $1.41 on Tuesday as market relief over Scottish election results, improved economic forecasts, and lockdown easing measures supported sterling across the board. Pro-independence parties won a majority in Scotland’s parliament on Saturday, which Scottish leader Nicola Sturgeon said gave her a mandate to pursue plans for a second independence referendum. Any second referendum on Scottish independence requires the approval of the British government and Prime Minister Boris Johnson has ruled this out. At 11:40 GMT, the pound was up 0.21% against the dollar at $1.4146. Immediate resistance can be seen at 1.4175 (23.6%fib), an upside break can trigger rise towards 1.4200 (Psychological level).On the downside, immediate support is seen at 1.4068(38.2%fib), a break below could take the pair towards 1.4005(5DMA).
USD/CHF: The dollar edged higher against the Swiss franc on Tuesday as traders braced for U.S. inflation data amid worries growing price pressures might bring forward rate rises. A test case on U.S. inflation will come this week when the Labor Department releases its latest consumer price index report on Wednesday. A host of Federal Reserve speakers this week will be closely watched by markets to assess how authorities are likely to respond to receding risks posed by the coronavirus in some major economies. Immediate resistance can be seen at 0.9043 (5DMA), an upside break can trigger rise towards 0.9065(38.2%fib).On the downside, immediate support is seen at 0.8975(23.6%fib), a break below could take the pair towards 0.8900 (Psychological level).
USD/JPY: The dollar declined against the yen on Tuesday as investors bet that rising inflation would erode the currency's value as the U.S. Federal Reserve maintains its loose monetary policy.The five-year breakeven inflation rate which measures expectations of inflation five years out - reached its highest since April 2011 on Monday.A weaker-than-expected jobs report on Friday helped persuade market participants that the Fed would keep rates low and continue purchasing assets, even if inflation rises. The dollar was trading down 0.20% on the yen at 108.54. Strong resistance can be seen at 108.80 (38.2%fib), an upside break can trigger rise towards 109.29(23.6%fib).On the downside, immediate support is seen at 108.45 (38.2%fib), a break below could take the pair towards 18.07 (61.8%fib).
European stocks retreated from all-time highs on Tuesday, with shares of technology, travel and mining companies among the top losers after worries about rising U.S. inflation knocked back U.S. indexes.
At (GMT 11:50),UK's benchmark FTSE 100 was last trading down at 2.55 percent, Germany's Dax was down by 2.37percent, France’s CAC was last down by 2.23 percent.
Gold prices were steady on Tuesday as a retreat in U.S. Treasury yields countered a slight rebound in the dollar, while investors awaited key data on inflation due later this week.
Spot gold was steady at $1,836.26 per ounce by 0134 GMT, after hitting its highest since Feb. 11 at $1,842.91 on Friday.
Oil prices fell on Tuesday on fading fears of a prolonged outage of the largest U.S. fuel pipeline system, while India's coronavirus crisis showed scant sign of easing.
Brent crude futures dropped 30 cents, or 0.4%, to $68.02 a barrel by 1000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.4%, to $64.60 a barrel.