America’s Roundup: U.S. dollar perks up after ECB policy talk cools euro,U.S. stocks ends down, Gold slips 1%,Oil steady as Libya output decline offsets risks to Asian demand-April 23rd,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
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 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 gains after data points to stronger recovery, European shares dips, Gold gains, Oil steady as rising India COVID-19 cases weigh-April 23rd,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 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
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
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
Europe Roundup: Euro gains after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 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: 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
America’s Roundup: Dollar dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,2021
America’s Roundup: Dollar falls as yields grieve, Gold heads for third weekly gain, Oil edges higher as recovery support countered by Asia virus surge- April 24th, 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
Europe Roundup: Euro gains against dollar as Euro zone retail sales beat expectations, European stocks gain, Oil prices slip despite big U.S. inventory fall-May 6th,2021
America’s Roundup: Dollar retreats as profit-taking, Wall Street ends lower, Gold scales over 1-week peak, Oil gains over 1% on strong U.S., China economic data-April 7th,2021
•U.S. job openings increased more than expected in February
• US Redbook (MoM) -17.2%,-17.4% previous
• US Redbook (YoY) 10.6%, 9.8% previous
• French 6-Month BTF Auction -0.621%, -0.627% previous
• Brazil March Markit Services PMI 44.1 ,47.1 previous
• Brazil March Markit Composite PMI 45.1,49.6 previous
• US Feb JOLTs Job Openings 7.367M, 6.995M forecast, 6.917M previous
• US IBD/TIPP Economic Optimism56.4, 55.4 previous
• New Zealand GlobalDairyTrade Price Index0.3%,-3.8% previous
Looking Ahead – Economic Data (GMT)
•22:30 Australia March AIG Construction Index 57.4 previous
•23:00 Australia Services PMI 56.2, 53.4 previous
•23:50 Japan March Foreign Reserves (USD) 1,379.4B previous
•01:00 New Zealand ANZ Commodity Price Index (MoM) 3.3% previous
•05:00 Japan Feb Leading Index (MoM) 0.8% previous
•05:00 Japan Feb Coincident Indicator (MoM) 2.9% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Tuesday as a weaker dollar and a pullback in U.S. bond yields lifted demand for euro. The dollar dipped versus a basket of its peers, even as data showed a gauge of U.S. services activity hit a record high in March and Friday’s bumper jobs report opened a cautious door to questions as to how much further the greenback and U.S. yields can go. The euro was up 0.54% to $1.1874. Immediate resistance can be seen at 1.1877 (38.2%fib), an upside break can trigger rise towards 1.1909 (30DMA).On the downside, immediate support is seen at 1.1789 (5DMA), a break below could take the pair towards 1.1749 (23.6%fib).
GBP/USD: Sterling slipped against dollar on Tuesday as investors took some cash off the table after cable jumped to its highest in more than two weeks, while traders continued to bet on a speedy re-opening of the British economy.Bets on an economic recovery, spurred by a rapid COVID-19 vaccination programme, have supported sterling over the past few months.On Monday, the pound recorded its best day against a weakening dollar since Feb. 18, as U.S. Treasury yields held below recent highs, while low liquidity with many parts of the world off for the Easter break was also seen exaggerating moves. Immediate resistance can be seen at 1.3913 (23.6%fib), an upside break can trigger rise towards 1.4000(Psychological level ).On the downside, immediate support is seen at 1.3827 (5DMA), a break below could take the pair towards 1.3803 (38.2%fib).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Tuesday as concern rose about Canada's third wave of the COVID-19 pandemic and investors awaited domestic economic data that could offer clues on the Bank of Canada's policy outlook. The loonie was trading 0.4% lower at 1.2573 to the greenback, or 79.54 U.S. cents, having pulled back from its strongest level since March 22 on Monday at 1.2497. Canada's trade report for February is due on Wednesday, while the March employment report is due on Friday. Immediate resistance can be seen at 1.2583 (Daily high), an upside break can trigger rise towards 1.2656 (Higher BB).On the downside, immediate support is seen at 1.2544 (21 DMA), a break below could take the pair towards 1.2508 (23.6%fib).
USD/JPY: The dollar dipped against the Japanese yen on Tuesday as traders booked profits after a strong March and as a fall in Treasury yields from recent peaks put pressure on the U.S. currency.The U.S. dollar currency index, which measures the greenback against a basket of six currencies, was 0.146% lower at 92.427, its lowest since March 24.The dollar has risen this year, along with Treasury yields, as investors bet the United States would recover more quickly from the pandemic than other developed nations, amid massive stimulus and aggressive vaccinations. Against the Japanese yen, the dollar slipped 0.28% to 109.87 yen, a one-week low. Strong resistance can be seen at 110.56(Daily high), an upside break can trigger rise towards 110.98 (23.6%fib).On the downside, immediate support is seen at 109.78(38.2%fib), a break below could take the pair towards 109.35 (9DMA).
Europe’s benchmark equity index closed at a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on a speedy global economic recovery, spurred by bumper stimulus spending and COVID-19 vaccination programmes.
UK's benchmark FTSE 100 closed up by 1.28 percent, Germany's Dax ended up by 0.70 percent, France’s CAC finished the day up by 0.47 percent.
U.S. stock index futures fell on Tuesday as investors locked in some gains after the S&P 500 and the Dow closed at record highs on renewed recovery hopes.
Dow Jones closed down by 0.29 percent, S&P 500 closed down by 0.07percent, Nasdaq settled down by 0.05 % percent.
U.S. Treasury yields fell on Tuesday, led by the so-called belly of the curve, on investor views that market pricing based on an earlier-than-expected tightening by the Federal Reserve was too aggressive.
U.S. 5-year notes led the decline in yields, falling seven basis points to 0.872% after hitting 14-month highs on Monday. Seven-year yields also fell, down seven basis points as well, at 1.332%.
U.S. 10-year and 30-year yields fell to more than one-week lows, while those on the 20-year dropped to a two-week trough.
Gold prices rose about 1% on Tuesday and hit the highest in more than a week, boosted by as a retreating dollar and lower U.S. Treasury yields.
Spot gold rose 0.8% to $1,743.04 per ounce by 2:11 p.m. EDT (1811 GMT), after hitting its highest level since March 25 at $1,745.15. U.S. gold futures settled 0.% higher at $1,743.
Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session’s losses.
Brent gained 83 cents, or 1.3%, to $62.98 a barrel by 1:19 p.m. EDT (1719 GMT). U.S. West Texas Intermediate (WTI) crude rose 91 cents, or 1.6%, to $59.56 a barrel.