{"id":1372,"date":"2021-06-15T16:54:05","date_gmt":"2021-06-15T19:54:05","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1372"},"modified":"2021-06-15T16:54:07","modified_gmt":"2021-06-15T19:54:07","slug":"after-a-lot-of-volatility-during-tuesdays-london-sessionand-after-the-release-of-us-economic-data-the-euro-returned-to-close-toits-opening-point-remaining-above-1-21-with-a-slight-increase-of-abou","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/06\/15\/after-a-lot-of-volatility-during-tuesdays-london-sessionand-after-the-release-of-us-economic-data-the-euro-returned-to-close-toits-opening-point-remaining-above-1-21-with-a-slight-increase-of-abou\/","title":{"rendered":"After a lot of volatility during Tuesday’s London sessionand after the release of US economic data, the euro returned to close toits opening point, remaining above 1.21 with a slight increase of about 0.04%."},"content":{"rendered":"\n

Victor Camargo
06\/15\/2021<\/em><\/p>\n\n\n\n

Forex<\/strong><\/p>\n\n\n\n

EURUSD:<\/strong>\u00a0After a lot of volatility during Tuesday’s London sessionand after the release of US economic data, the euro returned to close toits opening point, remaining above 1.21 with a slight increase of about 0.04%.\u00a0THEECB president Christine Lagarde said yesterday that monetary and fiscal stimulusshould remain in effect until there are clear signs that a recovery\u201cfirm, solid and sustainable\u201d economic development is underway<\/p>\n\n\n\n

DXY: Holding<\/strong>\u00a0steady near a 1-month high, the dollar was beingtraded close to 90.6, while investors await the Federal meetingBook this week, amid expectations that the central bank will keep itsultra-accommodative policy until the economy recovers further.\u00a0In addition, theInflation concerns seem to ease with 10-year bond yieldsremaining at 1.48%.<\/p>\n\n\n\n

Commodities<\/strong><\/p>\n\n\n\n

Gold:<\/strong>\u00a0Extending losses from the previous session when it hit a low of almost onemonth (1844 an ounce), gold remained below USD 1870 an ounce.\u00a0Whereasboth the Fed and the ECB intend to keep their monetary policies unchanged forwhile, in addition to the fact that the economic recovery appears to be accelerating,the metal’s downward trend is expected to continue in the near term.<\/p>\n\n\n\n

Indexes<\/strong><\/p>\n\n\n\n

Wall Street:<\/strong>\u00a0The Dow Jones was trading near lows of nearly threeweeks, while both the S&P 500 and the Nasdaq were close to highsrecords, as investors await the FOMC minutes, which will be releasedtomorrow<\/p>\n\n\n\n

Europe:<\/strong>\u00a0In Europe, indices were up for the eighth consecutive session, with theSTOXX 600 closing at record level in its longest winning streak in moretwo years.\u00a0The bloc’s economy continues to be supported by efforts to reopen andaccelerated pace of coronavirus vaccinations.<\/p>\n\n\n\n

News<\/strong><\/p>\n\n\n\n

US Producer Prices: Producer<\/strong>\u00a0prices for final demand in the US increased0.8% in May compared to the previous month, after a 0.6% gain in April and surpassingexpectations for an advance of 0.6%.\u00a0Merchandise prices rose 1.5% (against0.6% in April), driven by the cost of non-ferrous metals;\u00a0beef;\u00a0diesel;Gasoline;\u00a0hay, hay seeds and oilseeds;\u00a0and motor vehicles.\u00a0In addition, thefood and energy prices increased by 2.6% and 2.2%, respectively.\u00a0Whilethis, the cost of services increased by 0.6%, the fifth consecutive increase, mainlydue to a 0.7% increase in the prices of commercial services.\u00a0In comparisonyearly, producer prices jumped 6.6% in May, the biggest increase since the currentseries started in November 2010.<\/p>\n\n\n\n

US Retail Sales: US Retail Sales<\/strong>\u00a0dropped 1.3% MoM in May 2021,after a 0.9% increase in April and much worse than expectations for a fall in0.8% while Americans change spending on services according to the economyreopens and travel returns and fiscal support weakens.\u00a0It’s the firstdrop in 3 months, with sales of building and gardening materials (-5.9%),automobiles (-3.9%) and electronics stores (-3.4%) registering the biggest falls.\u00a0Othersdeclines were also observed in multi-store retailers (-5%), retail storesgeneral merchandise (-3.3%), furniture (-2.1%) and sporting goods, hobby, instrumentsmusicals and bookstores (-0.8%).\u00a0In contrast, increases were seen in clothing(3%), health and personal care stores (1.8%), food and beverage services(1.8%), food and beverages (1%) and gas stations (0.7%).<\/p>\n\n\n\n

Source:https:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Victor Camargo06\/15\/2021 Forex EURUSD:\u00a0After a lot of volatility during Tuesday’s London sessionand after the release of US economic data, the euro returned to close toits opening point, remaining above 1.21 with a slight increase of about 0.04%.\u00a0THEECB president Christine Lagarde said yesterday that monetary and fiscal stimulusshould remain in effect until there are clear signs […]<\/p>\n","protected":false},"author":2,"featured_media":904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1372"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1372\/revisions"}],"predecessor-version":[{"id":1373,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1372\/revisions\/1373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/904"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}