America’s Roundup: Dollar dips after weak U.S. factory production data, Wall Street gains, Gold edges down, Oil prices pull back as U.S. factory data intensifies demand concerns-October 19th,2021
Europe Roundup: Sterling holds above $1.36 after UK GDP data, European stocks gain, Gold gains, Oil falls on concerns of faltering economic growth to hit demand-October 13th, 2021
Europe Roundup: Sterling falls to its lowest levels since January against greenback, European shares gains, Gold edges up-September 29th,2021
Europe Roundup: Sterling steadies as rising interest rate expectations provide support , European shares rally ,Gold ticks lower, Oil extends losses as U.S. mulls strategic reserve sales-October 7th,2021
America’s Roundup: Dollar rises against its rivals, Wall Street ends lower,Gold slides over 1%, Brent dips after topping $80 a barrel, highest since Oct 2018-September 29th,2021
Europe Roundup: Euro consolidates ahead of U.S. non-farms payrolls report, European stocks dip, Gold range-bound, Oil climbs on switch from gas and doubts over U.S. releasing reserves-October 8th, 2021
America’s Roundup: Dollar eases from one-year high after US inflation data, Wall Street ends higher, Gold jumps 2% ,Oil eases on profit taking, demand jitters; stays near highest in years-October 14th,2021
Europe Roundup: Sterling unmoved by strong Q2 GDP growth, as inflation fears bite, European shares rebound, Gold climbs, Oil falls after U.S. inventories swell-September 30th,2021
Europe Roundup: Sterling hovers near six-day highs vs dollar, European shares dips,Gold slips, Oil steady ahead of OPEC+ supply policy meeting-October 4th,2021
America’s Roundup: Dollar near one-year high,Wall Street surges, Gold dips, Oil eases as U.S. mulls strategic reserve sales-October 8th,2021
America’s Roundup: Dollar hits one-year high as U.S. yields rise, Wall Street closes lower ,Gold gains, Oil steadies as energy crisis increases volatility-October 13th,2021
America’s Roundup: U.S. dollar slips from one-year high after employment data, Wall Street slides, Gold jumps 2%, Oil steadies after report China ready to buy more-October 1st,2021
America’s Roundup: Dollar dips in choppy trading, Wall Street rises, Gold rises to one-month high, Oil prices rise, as Saudis dismiss supply concerns as demand grows-October 15th,2021
Europe Roundup: Sterling falls against dollar, European stocks skid, Gold eases, Oil hits multi-year high on OPEC+ restraint amid global energy crunch-October 6th,2021
America’s Roundup: U.S. dollar slides for 2nd day, Wall Street rises, Gold firms, Oil settles near 3-year high ahead of OPEC+ meeting-October 2nd ,2021
Europe Roundup: Sterling dips as risk sentiment sours, European stocks hit 2-month lows, Gold eases,Oil slips to $78-October 1st,2021
Europe Roundup:Sterling hits two-week high against dollar, European stocks gain,Gold rises, Oil dips on hurricane impact on U.S. refining, weak China data-August 31st,,2021
•French Jul Consumer Spending (MoM) 2.2%, -0.5% forecast, 0.3% previous
•French GDP (QoQ) (Q2) 1.1%,0.9% forecast, 0.9% previous
• French CPI (MoM) 0.6%,0.1% previous
• French CPI (YoY) 1.9%,1.2% previous
•German Aug Unemployment Rate 5.5%,5.6% forecast, 5.7% previous
•German Aug Unemployment Change -53K,-40K forecast, -91K previous
•UK Jul BoE Consumer Credit -0.042B, 0.441B forecast, 0.308B previous
•UK Jul Mortgage Approvals 75.15K,78.60K forecast, 81.34K previous
•EU Aug CPI (YoY) 3.0%, 2.7% forecast, 2.2% previous
•EU Core CPI (YoY) 1.6% ,0.7% previous
•EU CPI (MoM) 0.4%, -0.1% previous
•EU Core CPI (MoM) 0.3%,-0.4% previous
Looking Ahead –Economic Data (GMT)
•12:30 Canada GDP (QoQ) (Q2) 1.4% previous
•12:30 Canada Canada GDP Annualized (QoQ) (Q2) 2.5% forecast, 5.6% previous
•12:30 Canada GDP Implicit Price (QoQ) (Q2) 2.90% previous
•12:55 US Redbook (YoY) 16.6% previous
•13:00 US Jun House Price Index (MoM) 1.7% previous
•13:00 US Jun S&P/CS HPI Composite - 20 n.s.a. (YoY) 18.5% forecast, 17.0% previous
•13:00 US Jun House Price Index 337.4 previous
•13:45 US Aug Chicago PMI 68.0 forecast, 73.4 previous
•14:00 US Aug CB Consumer Confidence 124.0 forecast, 129.1 previous
•14:00 US Aug Texas Services Sector Outlook 33.3 previous
•14:30 US Aug Dallas Fed Services Revenues 21.7 previous
Looking Ahead - Events, Other Releases (GMT)
•14:40 German Buba Mauderer Speaks
EUR/USD: The euro strengthened against dollar on Tuesday as hopes for more policy support overshadowed economic risks from a surge in COVID-19 cases caused by the Delta variant globally. On the data front,Euro zone inflation surged to a 10-year-high this month with further rises still likely to come, challenging the European Central Bank’s benign view on price growth and its commitment to look past what it deems a transient increase. Consumer prices in the 19 countries sharing the euro rose by 3% this month, after increasing by 2.2% in July, far above expectations for 2.7% and moving well clear of the ECB’s 2% target. Immediate resistance can be seen at 1.18(38.2%fib), an upside break can trigger rise towards 1.1844(23.6%fib).On the downside, immediate support is seen at 1.1779 (30DMA), a break below could take the pair towards 1.1768 (50%fib)
GBP/USD: The pound rose to its highest in two weeks on Tuesday, extending gains against the dollar which weakened after U.S. Federal Reserve Chair Jerome Powell did not signal a timeline for a policy shift.At the highly-anticipated Jackson Hole economic conference on Friday, Powell offered no indication about when the central bank planned to cut its asset purchases beyond saying it could be "this year". The comments knocked the U.S. dollar and pushed up the pound. Sterling extended these gains on Tuesday as the dollar fell further. At 0738 GMT, the pound was up 0.3% at $1.3792, its strongest since Aug. 17 .Immediate resistance can be seen at 1.3773(38.2%fib),an upside break can trigger rise towards 1.3800 (30DMA).On the downside, immediate support is seen at 1.3742(5DMA), a break below could take the pair towards 1.3684(23.6%fib).
USD/CHF: The dollar dipped against the Swiss franc on Tuesday as investors looked to U.S. jobs figures later this week for clues on stimulus taper timing.The greenback has been on the back foot since Federal Reserve Chair Jerome Powell’s comments at the Jackson Hole conference on Friday that the U.S. central bank could scale back its bond-buying program this year but did not give a firm timeline. U.S. payrolls numbers due Friday this week will be closely watched .Immediate resistance can be seen at 0.9190 (23.6%fib), an upside break can trigger rise towards 0.9211 (Aug 19th high).On the downside, immediate support is seen at 0.9138(38.2%fib), a break below could take the pair towards 0.9098 (50%fib).
USD/JPY: The dollar was little changed against yen on Tuesday in the wake of U.S. Federal Reserve Chair Jerome Powell's dovish speech at last week's Jackson Hole symposium. The greenback had one of its biggest daily percentage declines of the month on Friday after Powell said tapering could begin this year but that the central bank was in no hurry to raise interest rates. The spotlight shifts to Friday's U.S. jobs report, which could shed more light on the Fed's tapering strategy.The market is expecting an increase of 728,000 jobs, unemployment to fall to 5.2% from 5.4%, and average hourly earnings to rise 0.4% month-on-month. Strong resistance can be seen at 109.92(38.2%fib), an upside break can trigger rise towards 110.28(23.6%fib).On the downside, immediate support is seen at 109.69(50%fib), a break below could take the pair towards 109.30(61.8%fib).
European stocks rose on Tuesday, on course for their seventh straight month of gains, as hopes for more policy support overshadowed economic risks from a surge in COVID-19 cases caused by the Delta variant globally.
At (GMT 10:13),UK's benchmark FTSE 100 was last trading down at 0.19%percent, Germany's Dax was up by 0.61%percent, France’s CAC finished was up by 0.18% percent.
Gold prices rose back towards the previous session’s four-week high on Tuesday, supported by a weaker dollar and a fall in U.S. Treasury yields, as investors awaited August U.S. non-farm payrolls data due later this week.
Spot gold was up 0.3% at $1,815.11 per ounce by 0848 GMT, after hitting its highest since Aug. 4 on Monday at $1,822.92. U.S. gold futures rose 0.3% to $1,817.20.
Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output.
U.S. West Texas Intermediate (WTI) crude futures were down 9 cents, or 0.13%, at $69.12 a barrel as of 0640 GMT, reversing some of Monday’s gains.
Brent crude futures for October, due to expire on Tuesday, fell 8 cents, or 0.11%, to $73.33 a barrel, after gaining nearly 1% on Monday. The more active November contract was down 9 cents, or 0.12%, at $72.14 per barrel.