America’s Roundup: Dollar index jumps to four-month peak, Wall Street dips, Gold slides 2%,Oil falls as Suez Canal reopens, dollar rallies; eyes on OPEC+ meeting-March 31st,2021
America’s Roundup: Dollar slides ahead of U.S. payrolls data, Wall Street gains, Gold rises, Oil rises as OPEC+ decides on production policy-April 2nd, 2021
Europe Roundup: Sterling edges up against dollar, European shares gain, Gold firms, Oil near one-month highs as demand outlook improves-April 15th,2021
Europe Roundup: Euro dips a focus turns to ECB policy meeting on Thursday, European shares rebound, Gold retreats, Oil dips as rising COVID-19 in India dents demand outlook-April 21st,2021
Europe Roundup: Euro weakens after German investor morale falls in April, European shares pause near record high, Gold slips to one-week low, Oil prices tick up after robust China data-April 13th 2021
America’s Roundup: Dollar edges higher on strong data, despite lower yields,Wall Street gains, Oil edges up to fresh 4-week highs as demand outlook improves-April 16th,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
America’s Roundup: Dollar falls as U.S. weekly jobless claims rise unexpectedly,Wall Street advances, Gold firms near 1-month peak, Oil flat as weaker dollar offsets surge in U.S. gasoline stocks-April 9th,2021
Europe Roundup: Euro gains ahead of Thursday’s ECB meeting, European shares inch higher, Gold hits 7-week high, Oil steadies as rising Covid cases raise demand concerns-April 19th,2021
America’s Roundup: Dollar index hits six-week low, Wall Street slips from record highs, Gold slips from 7-week top, Oil gains as dollar drops, gains capped by rise in Covid-19 cases-April 20th,2021
Europe Roundup: Euro gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,2021
Europe Roundup: Euro holds above $1.20 against dollar, Europe shares ease, Gold gains, Oil hits $68 on Libya force majeure despite pandemic surge-April 20th,2021
America’s Roundup: Dollar drops to three-week lows after inflation data,Wall Street ends mixed, Gold gains, Oil rises 1% after robust China data but J&J vaccine pause weighs-April 14th,2021
America’s Roundup: Dollar rises as minutes shows Fed committed to supporting economic recovery, Gold edges lower, Oil up on global economic recovery, but high U.S. gasoline stocks weigh-April 8th,2021
Europe Roundup: Pound gains versus dollar,driven by UK outperformance on vaccine rollout, Gold eases, Oil drops below $64 as rising OPEC+, Iranian output weighs-April 5th,2021
America’s Roundup: U.S. dollar hits one-year high vs yen, Wall Street gains, Gold rises,Oil prices fall as OPEC+ concerns weigh-April 1st,2021
Europe Roundup:Sterling hits fresh highs vs dollar,European shares hover near one-year highs ,Oil prices near 13-month highs, supported by Texas cold snap-February 16th,2021
•EU Employment Change (YoY) -2.0%,-2.3% previous
•French Unemployment Rate (Q4) 8.0%, 9.0% forecast ,9.0%previous
•EU Employment Change (QoQ) 0.3%,1.0% previous
•EU GDP (YoY) (Q4) -5.0%,-5.1% forecast, -5.1% previous
•EU GDP (QoQ) (Q4) -0.6%,-0.7% forecast, -0.7% previous
•German Feb ZEW Economic Sentiment 71.2, 59.6 forecast, 61.8 previous
•German Feb ZEW Economic Sentiment 69.6, 58.3 previous
•EU Employment Overall (Q4) 157,927.0K, 157,386.5K previous
•German Feb ZEW Current Conditions -67.2, -67.0, -66.4 previous
Looking Ahead - Economic Data (GMT)
•13:15 Canada Jan Housing Starts 228.3K previous
•13:30 US Feb NY Empire State Manufacturing Index 6.00 forecast, 3.50 previous
•13:30 Canada Dec Foreign Securities Purchases by Canadians 7.58B previous
•13:30 Canada Dec Foreign Securities Purchases 11.78B previous
•14:40 New Zealand GlobalDairyTrade Price Index 1.8% previous
Looking Ahead - Economic events and other releases (GMT)
•16:10 US FOMC Member Bowman Speaks
•20:00 US FOMC Member Daly Speaks
EUR/USD: The euro edged higher against dollar on Monday as growing optimism about the outlook of the global economy in the coming months boosted euro. The positive outlook for the major economies continues to support financial market sentiment thanks to sharp gains in crude oil prices and optimism over better growth ahead due to the impressive roll-out of COVID vaccines.The euro rose 0.2% higher to $1.21410, extending last week’s 0.6% advance. Immediate resistance can be seen at 1.2177(50%), an upside break can trigger rise towards 1.2235 (61.8%fib).On the downside, immediate support is seen at 1.2129 (5EMA), a break below could take the pair towards 1.2107 (38.2%fib).
GBP/USD: Sterling hit two-and-a-half-year highs against the dollar on Tuesday as investors continued to bet that rapid COVID-19 vaccinations would set Britain up to recover from its biggest drop in output in 300 years.The pound rose to $1.3955 against the dollar its highest since April 2018. Against the euro, it reached 87.06 pence, its highest since May 2020, last trading flat at 87.20 pence per euro. Immediate resistance can be seen at 1.3955(Daily high), an upside break can trigger rise towards 1.4000(Psychological level).On the downside, immediate support is seen at 1.3862 (5EMA), a break below could take the pair towards 1.3895 (38.2%fib).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as optimism about the global economic recovery and expectations of low interest rates drove investments away from greenback. Successful rollouts of COVID-19 vaccines in many countries are raising hopes of further recovery in economic activities hampered by range of anti-virus curbs.U.S. President Joe Biden is pushing ahead with his plan to pump an extra $1.9 trillion in stimulus into the economy, in a further boost to market sentiment. At (GMT 12:29), greenback dipped 0.28% versus the Swiss franc to 0.8878. Immediate resistance can be seen at 0.8934 (38.2%fib), an upside break can trigger rise towards 0.8972 (23.6%fib).On the downside, immediate support is seen at 0.8867(61.8%fib), a break below could take the pair towards 0.8899(Psychological level).
USD/JPY: The dollar declined against the Japanese yen on Tuesday as traders unwound some of their bullish bets on the U.S. economy's outlook after weak surveys data last week.U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000, according to a University of Michigan survey. Against a basket of its rivals, the greenback weakened 0.2% to 90.13, its lowest level since Jan. 26. It has fallen 1.5% over the past eight trading sessions.Strong resistance can be seen at 105.42 (23.6%fib), an upside break can trigger rise towards 106.00(Psychological level ).On the downside, immediate support is seen at 104.87 (38.2%fib), a break below could take the pair towards 104.40 (50%fib).
European shares hovered near one-year highs on Tuesday as investors bet a bumper U.S. stimulus package will power global economic growth this year, while Glencore led a rally among mining stocks after it reinstated its dividend.
At (GMT 12:38),UK's benchmark FTSE 100 was last trading higher at 0.19 percent, Germany's Dax was down by 0.15 percent, France’s CAC was last down by 0.06 percent.
Gold gained on Tuesday as likely pick up in global economic activity boosted demand for yellow metal.
Gold prices were up 0.3% to $1,823.31, but higher benchmark U.S. Treasury yields limited bullion's gains.
U.S. gold futures were steady at $1,824.00 per ounce, while silver gained 0.5% to $27.73.