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: 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 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
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 slips after disappointing U.S. jobs data, wall street ends higher Gold gains, Oil prices set for weekly gain despite India virus surge-May 8th,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 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 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
Europe Roundup: Euro gains against dollar ahead of U.S. jobs data, European stocks hit a record high , Gold gains,Oil prices set for weekly gain despite India virus surge-May 7th,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
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
Europe Roundup: Sterling slips against the dollar as investors look to BoE ,European shares inch higher, Gold edges lower, Oil prices drift lower on India demand hiccup-April 30th,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
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
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 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
•UK Feb Industrial Production (MoM) 1.0%, 0.5% forecast,-1.5% previous
•UK Monthly GDP 3M/3M Change -1.6%,-1.7% previous
•UK GDP (YoY) -7.8%,-7.3% forecast, -9.2% previous
•UK GDP (MoM) 0.4%,0.6% forecast, -2.9% previous
•UK Index of Services -1.9%, -2.4% previous
•German Mar WPI (MoM) 1.7%, 1.4% previous
•German Mar WPI (YoY) 4.4%, 2.3% previous
•UK Feb Trade Balance Non-EU -10.73B, -4.05B forecast, -1.76B previous
•UK Feb Trade Balance -16.44B, -10.40B forecast, -9.83B previous
•UK Feb Manufacturing Production (MoM) 1.3%,0.5% forecast, -2.3% previous
•UK Feb Construction Output (MoM) 1.6%,0.6% forecast ,0.9% previous
•UK Feb Industrial Production (YoY) -3.5%,-4.5% forecast , -4.9% previous
•UK Feb Manufacturing Production (YoY) -4.2%,-5.1% forecast , -5.2% previous
•EU April ZEW Economic Sentiment 66.3, 74.0 previous
•German April ZEW Current Conditions -48.8, -53.0 forecast , -61.0 previous
•German April ZEW Economic Sentiment 70.7, 79.0 forecast ,76.6 previous
Looking Ahead – Economic Data (GMT)
•12:30 US March NFIB Small Business Optimism 0.1% forecast , -1.0% previous
•12:30 US March CPI Index, s.a 263.16 previous
•12:30 US March CPI, n.s.a (MoM) 0.55% previous
•12:30 US March Core CPI Index 270.30 previous
•12:30 US March Core CPI (MoM) 0.2% forecast , 0.1% previous
•12:30 US March CPI (YoY ) 2.5% forecast , 1.7% previous
•12:30 US March CPI Index, n.s.a. 264.69 forecast , 263.01 previous
•12:30 US March Core CPI (YoY) 1.5% forecast , 1.3% previous
•12:55 US March CPI (MoM) 0.5% forecast , 0.4% previous
•12:55 US Redbook (MoM) -17.2% previous
•15:00 US Mar Cleveland CPI (MoM) 0.2% previous
Looking Ahead - Economic events and other releases (GMT)
•16:00 US FOMC Member George Speaks
•16:00 US FOMC Member Daly Speaks
•16:00 US FOMC Member Harker Speaks
•19:15 US FOMC Member Bostic Speaks
EUR/USD: The euro dipped against dollar on Tuesday after survey showed German investor morale fell in April. Investor sentiment in Germany fell unexpectedly, citing rising fears that private consumption could be depressed as Europe’s largest economy gets closer to extending lockdown measures. The ZEW said its survey of investor economic sentiment fell to 70.7 points, its first drop since November 2020, from 76.6 the previous month. Immediate resistance can be seen at 1.1928(April 8th high), 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 as easing lockdown measures UK supported sterling. It recouped some of those losses on Monday as England’s shops, pubs, gyms and hairdressers re-opened after three months of lockdown and continued to hold up against a broadly stronger dollar on Tuesday. Sterling has been among the best-performing G10 currencies this year, enjoying its best quarter since 2015 against the euro. The pace of Britain’s vaccination drive has led analysts to bet on quicker economic rebound from the country’s worst contraction in 300 years. By 12:10 GMT, the pound was 0.1% higher at $1.3759 and 0.25% higher to the euro at 86.50 pence.. 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/CHF: The dollar edged higher on Tuesday as helped by a pick-up in U.S. Treasury yields, but was gains were limited as markets waited for inflation data in the United States. U.S. CPI data for March is due at 1230 GMT and is expected to show a rise in inflation to 2.4%.Market participants will also be paying attention to how yields react to a 30-year Treasury auction. At 11:30 GMT, the dollar was up 0.1% against a basket of currencies, at 92.201, moving away from recent three-week lows. Immediate resistance can be seen at 0.9285 (38.2%fib), an upside break can trigger rise towards 0.9323(Higher BB).On the downside, immediate support is seen at 0.9204(38.2%fib), a break below could take the pair towards 0.9177(Lower BB).
USD/JPY: The dollar was little changed against the Japanese yen on Tuesday as investor’s awaited key U.S. inflation data that could set the stage for more dollar strength. Investors were anticipating U.S. inflation data, due at 1230 GMT, to provide cues on a recovery in the world’s largest economy. A stronger-than-expected reading could ramp up expectations of early monetary policy tightening by the Federal Reserve, and boost the dollar and treasury yields. At (GMT 11:30), the yen was last up 0.03 % at 109.40. Strong resistance can be seen at 110.89(Higher BB), an upside break can trigger rise towards 111.00 (23.6%fib).On the downside, immediate support is seen at 109.95(38.2%fib), a break below could take the pair towards 109.59 (14DMA).
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.
At (GMT 12:20 ),UK's benchmark FTSE 100 was last trading down at 0.16 percent, Germany's Dax was up by 0.24 percent, France’s CAC was last up by 0.23 percent.
Gold prices fell to their lowest in more than a week on Tuesday after the metal's appeal was dented by higher Treasury yields and as investors awaited U.S. inflation data.
Spot gold was 0.2% lower at $1,729 per ounce by 1200 GMT, having earlier dipped to its lowest since April 5 at $1,722.67. U.S. gold futures eased 0.2% at $1,729.70.
Oil prices ticked up on Tuesday after strong Chinese import data but markets broadly shrugged off Middle East tensions which have so far not disrupted oil supply.
Brent crude oil futures were up 25 cents, or 0.4%, at $63.53 a barrel by 0855 GMT while U.S. crude oil futures gained 14 cents, or 0.2%, to $59.84 a barrel. Both contracts are on course for their fifth session of sub-1% change.