America’s Roundup: Dollar retreats as U.S. data disappoints, Wall Street gains,Gold rises over 1%, Oil rises over 1% as demand hopes bolster sentiment-May 4th 2021
Europe Roundup: Euro holds near 8-week highs against the greenback, European shares inch higher, Gold firms, Oil falls on India's COVID surge, supply increase-April 26th,2021
America’s Roundup: U.S. dollar mixed as investors hold back ahead of Fed meeting, Wall Street ends mixed, Gold falls, Oil rises as OPEC+ seen sticking to policy despite India COVID surge-April 28th,2021
America’s Roundup: Dollar rises vs major currencies ahead of Fed meeting, Gold firms, Wall Street ends higher,Oil falls on India's COVID rise; OPEC+ limits drop-April 27th,2021
America’s Roundup: Dollar dips on improved risk appetite, investors await US jobs data ,Wall street gains, Gold rises,Oil prices fall 1% on worries of pandemic surge in India-May 7th,2021
America’s Roundup: U.S. dollar gives up earlier gains, Wall Street ends higher, Gold gains, Oil prices drop as India’s COVID-19 surge dents demand outlook-April 22nd,2021
America’s Roundup: Dollar climbs as risk appetite fades, Gold falls from 2-mth high, Oil rises on U.S. and European demand growth optimism-May 5th,2021
America’s Roundup: Dollar eases off of two-week high ahead of jobs report as mega cap , Wall Street rises , Gold firms, Oil ends little changed, U.S. oil inventories fall-May 6th,2021
America’s Roundup: Dollar recovers from a nine-week low ,Gold hits two-week low,Wall Street gains,Oil climbs to fresh 6-week high on bullish demand-30th April,2021
America’s Roundup: Dollar heads for longest weekly losing streak since July ,Wall street ends lower,Gold prices dips, Oil prices slips as India's demand fears weigh-May 1st,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 little changed against dollar as investors awaited Fed’s policy meeting on Wednesday, European stocks dips, Gold steady, Oil rises to $66 ahead of OPEC+ meeting-April 27th,2021
Europe Roundup: Sterling dips against dollar as markets wait for global cues, European shares extend gains, Gold hovers near eight-week high, Oil extends losses on U.S. stock build, pandemic concerns-April 22nd 2021
Europe Roundup: Euro dips against dollar in wake of US rates talk , European stocks rebound, Gold eases, Oil nears $70 as easing Western lockdowns boost summer demand outlook-May 5th,2021
Europe Roundup: Euro dips as dollar strengthens ahead of Fed meeting, European stocks slip, Gold slips to 1-week low, Oil prices steady as rising demand outlook tempered by COVID worries-April 28th,2021
Europe Roundup: Euro breaks to nine-week peak, European shares edge higher,Gold retreats , Oil prices rise, bullish demand outlook offsets India concerns-April 29th,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
• US March NFIB Small Business Optimism 98.2 , 95.8previous
• US March CPI Index, s.a 264.79, 263.16 previous
• US March CPI, n.s.a (MoM) 0.71%,0.55% previous
• US March Core CPI Index 271.21,270.30 previous
• US March Core CPI (MoM) 0.3%,0.2% forecast , 0.1% previous
• US March CPI (YoY ) 2.6%,2.5% forecast , 1.7% previous
• US March CPI Index, n.s.a. 264.88, 264.69 forecast , 263.01 previous
• US March Core CPI (YoY) 1.6%, 1.5% forecast , 1.3% previous
• US March CPI (MoM) 0.6%,0.5% forecast , 0.4% previous
• US Mar Cleveland CPI (MoM) 0.2%,0.2% previous
Looking Ahead – Economic Data (GMT)
•22:45 New Zealand February Permanent/Long-Term Migration 631 previous
•22:45 New Zealand February External Migration & Visitors -98.70% previous
•23:50 Japan Feb Core Machinery Orders (YoY) 2.3%forecast, 1.5% previous
•23:50 Japan Feb Core Machinery Orders (MoM) 2.8% forecast, -4.5% previous
•05:30 Australia HIA New Home Sales (MoM) 22.9% previous
•06:00 Australia April Westpac Consumer Sentiment 2.6% previous
•07:30 New Zealand RBNZ Interest Rate Decision 0.25% forecast, 0.25% previous
Looking Ahead - Economic events and other releases (GMT)
•07:30 New Zealand RBNZ Rate Statement
•11:45 Japan BoJ Governor Kuroda Speaks
EUR/USD: The euro rose on Tuesday as the dollar weakened on the back of U.S. inflation data that suggested the Federal Reserve's accommodative policy stance would remain intact. The consumer price index jumped 0.6% last month, the largest gain since August 2012, after rising 0.4% in February, the Labor Department said on Tuesday. Excluding the volatile food and energy components, the CPI rose 0.3%. The so-called core CPI nudged up 0.1% in February The dollar index fell as low as 91.85, the lowest level since March 23.The euro gained 0.28% to $1.1945. Immediate resistance can be seen at 1.1963(50DMA), an upside break can trigger rise towards 1.1972(38.2%fib).On the downside, immediate support is seen at 1.1855 (23.6%fib), a break below could take the pair towards 1.1818(14DMA).
GBP/USD: Sterling rose against dollar on Tuesday after data showed Britain’s economy grew in February. Official data showed Britain’s economy grew by 0.4% in February from January, while the fall in gross domestic product in January was not as severe as previously estimated, down by 2.2% compared with the initial reading of a 2.9% drop. Growth in February was helped by a first rise in factory output since November, led by car manufacturing after two months of contraction when the industry struggled with a global shortage of microchips. Immediate resistance can be seen at 1.3772 (38.2%fib), an upside break can trigger rise towards 1.3797 (21DMA ).On the downside, immediate support is seen at 1.3690 (50%fib), a break below could take the pair towards 1.3600 (61.8%fib).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Tuesday as oil rose and U.S. data showed a tamer-than-expected increase in U.S. underlying inflation, with the loonie rebounding from an earlier six-day low. The U.S. dollar fell against a basket of major currencies after data showed that U.S. consumer prices increased by the most in more than 8-1/2 years in March but that the core measure was up by just 0.1%, short of analyst estimates of 0.2%. The Canadian dollar was trading nearly unchanged at 1.2564 to the greenback, or 79.59 U.S. cents, having touched its weakest since last Wednesday at 1.2628.Immediate resistance can be seen at 1.2607 (50DMA), an upside break can trigger rise towards 1.2656 (38.2%fib).On the downside, immediate support is seen at 1.2500 (23.6%fib), a break below could take the pair towards 1.2456 (March 19th low).
USD/JPY: The dollar declined against the Japanese yen on Tuesday after U.S. consumer price data for March showed the pace of inflation was not rising wildly. The consumer price index rose 0.6%, the biggest gain since August 2012, as increased vaccinations and fiscal stimulus unleashed pent-up demand. But the data is unlikely to change Federal Reserve Chair Jerome Powell’s view that higher inflation in coming months will be transitory. The dollar index fell 0.228% . The Japanese yen strengthened 0.26% versus the greenback at 109.04 per dollar. Strong resistance can be seen at 109.38(5DMA), an upside break can trigger rise towards 109.82(23.6%fib).On the downside, immediate support is seen at 108.80(38.2%fib), a break below could take the pair towards 108.01 (50%fib).
European shares hovered just below all-time highs on Tuesday as investors awaited data that is expected to show a pickup in U.S. inflation on the back of a swift global economic recovery.
UK's benchmark FTSE 100 closed up by 0.13 percent, Germany's Dax ended up by 0.02 percent, France’s CAC finished the day up by 0.36 percent.
The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook off concerns about the halt in Johnson & Johnson’s COVID-19 vaccine rollout and strong U.S. inflation.
Dow Jones closed down by 0.20 %percent, S&P 500 closed up by 0.29% percent, Nasdaq settled up by 1.05 % percent.
U.S. Treasury yields fell further and the yield curve flattened more on Tuesday as the last of this week's coupon auctions was met with solid demand.
The benchmark 10-year yield was last down 4.9 basis points at 1.6269% and the 30-year yield was 4.1 basis points lower at 2.3069%.
Gold prices bounced off a more than one-week low on Tuesday after data showing a sharp rise in U.S. inflation bolstered bullion's appeal as an inflation hedge and weighed on the dollar.
Spot gold climbed 0.8% to $1,745.94 per ounce by 1:42 p.m. EDT (1742 GMT), after earlier dipping to $1,722.67, its lowest mark since April 5. U.S. gold futures settled up 0.9% at $1,747.6.
Oil prices rose about 1% on Tuesday on strong Chinese import data, but the rally was capped by concerns that pauses on the Johnson & Johnson vaccine could delay economic recovery and limit oil demand growth.
Brent crude oil futures were up 69 cents, or 1%, at $63.97 a barrel by 12:10 p.m. ET (1610 GMT), while U.S. crude oil futures gained 70 cents, or 1.2%, to $60.39 a barrel. Both contracts have recorded changes of less than 1% for four straight sessions.