America’s Roundup: Dollar eases off four-week peak, Wall Street closes higher, Gold firms, Oil gains on stimulus optimism ahead of Biden inauguration-January 20th,2021
America’s Roundup: Dollar up from 2018 lows on economic hopes, Wall Street ends higher, Gold slips, Oil hits 11-month highs on Saudi cuts, shrugs off U.S. turmoil-January 8th,2021
America’s Roundup: Dollar index hits four-week high, Gold inches up, Oil slips on coronavirus fears-January 19th,2021
Europe Roundup: Euro eases as dollar ticks higher, European shares dip, Gold eases, Oil steadies as U.S. inventory fall tempers demand woes-January 13th,2021
America’s Roundup:Dollar gains at end of tumultuous year,Wall Street ends higher, Gold little changed, Oil edges higher, but posts 20% annual drop in tumultuous 2020-January 1st,2020
Europe Roundup: Euro dips against dollar as recovery concerns resurface, European stocks inches lower, Gold gains, Oil slips as Chinese lockdowns, U.S. unemployment data temper gains-January 15th,2021
America’s Roundup: Dollar advances as investors shy away from risk, Wall Street ends mixed,Gold pares gains ,Oil rises 1% on U.S. stimulus hopes, supply concerns-January 26th,2021
America’s Roundup: Dollar index on track for biggest weekly gain since November, Wall Street drops, Gold falls 1%, Oil drops over 2% on China lockdowns, U.S. stimulus concerns-January 16th,2021
America’s Roundup: Dollar drops for third day on U.S. stimulus optimism, Gold slips on profit taking, Wall Street hovers near record highs, Oil steadies after unexpected build in U.S. crude stockpiles-22nd January, 2021
Europe Roundup: Euro falls after weak Eurozone inflation data, European stocks jumps,Gold firms, Oil hits highest since late Feb on Saudi cuts, U.S. stock draw-January 7th,2020
America’s Roundup: Dollar gains after three-day fall ,Wall Street slips, Gold falls more than 1%, Oil falls on China's COVID-19 cases, high crude build January 23rd,2021
America’s Rounup:Dollar slips from three-week peak, Wall Street ends higher,Oil settles up, near $57 on tight supply expectations-January 13th,2021
America’s Roundup: Dollar hits near three-week peak, Wall St ends lower,Gold eases, Brent crude falls on renewed lockdowns –January 11tyh,2021
Europe Roundup: Euro dips as coronavirus fears outweigh recovery hopes ,European stocks slip, Gold edges higher,Oil mixed as Chinese data offsets coronavirus fears-January 18th,2021
Europe Roundup: Euro creeps back above $1.21, European stocks inches higher, Gold gains,Oil prices rise as investors look to higher demand seen in second half-January 19th,2021
America’s Roundup: Dollar rebounds off March 2018 low as Georgia elections point to Dem sweep, Wall Street ends mixed, Gold slides more than 2% , Oil rises to 10-month high after Saudi output cut, U.S. inventory draw-January 7th,2021
America’s Roundup: U.S. dollar weakens for fifth day on vaccine optimism, Wall Street closes lower, Gold slips, Oil gains 1% on potential OPEC+ rethink and vaccine hopes-November 19th,2020
• Canada Trimmed CPI (YoY) 1.8%, 1.8% previous
• Canada Median CPI (YoY) 1.9%,1.9% previous
• Canada CPI (YoY) 0.4%,0.4% forecast, 0.5% previous
• Canada Oct CPI (MoM) 0.2% forecast, -0.1% previous
• Canada Core CPI (YoY) 0.4%,1.0% previous
• Canada Oct Core CPI (MoM) 0.4%, 0.1% previous
• US Oct Housing Starts 1.530M, 1.460M forecast, 1.415M previous
• US Oct Housing Starts (MoM) 4.9%, 1.9% previous
• US Oct Building Permits 1.545M, 1.560M forecast, 1.545M previous
• US Building Permits (MoM) 0.0%, 4.7% previous
• US Gasoline Inventories 2.611M, 0.087M forecast , -2.309M previous
• US Crude Oil Inventories 1.650M, 4.278M previous
Looking Ahead - Economic Data (GMT)
•23:50 Japan Foreign Bonds Buying 1,365.8B previous
•23:50 Japan Foreign Investments in Japanese Stocks 485.5B previous
•00:30 Australia Oct Employment Change -30.0K forecast, -29.5K previous
•00:30 Australia Oct Full Employment Change -20.1K previous
•00:30 Australia Oct Participation Rate 64.7%forecast,64.8% previous
•00:30 Australia Oct Unemployment Rate 7.2% , 6.9% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro was little changed against the dollar on Wednesday as cheer over COVID-19 vaccine developments faded. Investors opted for caution as surging novel coronavirus cases in winter set in. A spike in infections have driven record hospitalisations and fresh restrictions on gathering in the United States, while new outbreaks vex authorities in Japan, South Korea and Australia. Immediate resistance can be seen at 1.1887 (23.6% fib), an upside break can trigger rise towards 1.1929 (Higher BB).On the downside, immediate support is seen at 1.1847 (38.2% fib), a break below could take the pair towards 1.1816 (50%fib).
GBP/USD: Sterling gained against dollar on Wednesday as weaker U.S. dollar and hopes that Britain will forge a post-Brexit trade deal with the European Union supported sterling. Hopes for Brexit deal has been fed by recent positive comments from British government officials, but also by the announcement that Dominic Cummings, one of the political architects of the Brexit project, was set to leave the government. The pound was last trading up 0.3% at $1.3277, but it was flat against the euro at 89.44 pence. It was also neutral versus the Japanese yen at 138.08. Immediate resistance can be seen at 1.3296 (38.2%fib), an upside break can trigger rise towards 1.3391 (23.6% fib).On the downside, immediate support is seen at 1.3224 (50%fib), a break below could take the pair towards 1.3141(61.8%fib).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Wednesday, as positive news on a COVID-19 vaccine boosted oil prices and domestic data showing higher inflation reduced prospects of additional policy easing from the Bank of Canada. The Canadian dollar was trading 0.5% higher at 1.3041 to the greenback. The currency touched its strongest intraday level since last Wednesday at 1.3034.Canada’s annual inflation rate climbed to 0.7% in October from 0.5% in September, mainly on higher food prices, Statistics Canada said. The average of three underlying rates that are closely watched by the Bank of Canada was at 1.8%, up from 1.7%, moving closer to the central bank’s 2% target.Immediate resistance can be seen at 1.3144 (Daily high), an upside break can trigger rise towards 1.3160 (38.2%fib).On the downside, immediate support is seen at 1.3016(23.6%fib), a break below could take the pair towards 1.2925(Nov 9th low).
USD/JPY: The dollar declined against the Japanese yen on Wednesday as positive vaccine news offset the surge in coronavirus cases and tighter economic restrictions across the United State. Pfizer announced that the final results from the late-stage trial of its COVID-19 vaccine showed it was 95% effective, giving relief to a pandemic-weary market. That followed news that Moderna Inc released preliminary data for its vaccine, showing 94.5% effectiveness.That said, the number of reported global daily deaths from the coronavirus stood at 10,816 on Tuesday. The market showed a little more appetite for risk-taking, with gains in currencies that rise in times of improving sentiment such as sterling, the New Zealand dollar, and Norwegian crown. Strong resistance can be seen at 104.34 (38.2 %fib), an upside break can trigger rise towards 104.55 (14DMA).On the downside, immediate support is seen at 103.88(23.6%fib), a break below could take the pair towards 103.48(Lower BB).
European stocks closed higher on Wednesday as more positive updates on COVID-19 vaccine and merger activity in the region helped offset worries about the fast-spreading virus.
UK's benchmark FTSE 100 closed down by 1.51 percent, Germany's Dax ended down by 2.56 percent, France’s CAC finished the day down by 2.85 percent.
U.S. stocks lost substantial ground at the close of a see-saw session on Wednesday as investors weighed encouraging vaccine developments against surging COVID-19 infections and lockdowns.
Dow Jones closed down by 1.16% percent, S&P 500 closed down by 1.16% percent, Nasdaq settled down by 0.82% percent.
U.S. Treasury yields rose on Wednesday on optimism over coronavirus vaccines and after a weak 20-year bond auction dented the appeal of the safe haven debt.
Benchmark 10-year yields rose one basis point to 0.882%. The yields have fallen from an eight-month high of 0.975% last week.
Gold slipped on Wednesday on more positive developments on Pfizer's race for a COVID-19 vaccine, accelerating a move into riskier assets again.
Spot gold was down 0.3% to $1,872.71 per ounce by 1321 GMT, while U.S. gold futures fell 0.7% to $1,872.10.
Oil prices firmed by about 1% on Wednesday on hopes OPEC and its allies will delay a planned increase in oil output and after Pfizer said its COVID-19 vaccine was more effective than previously reported.
Brent crude rose 59 cents, or 1.4%, to settle at $44.34 a barrel while U.S. West Texas Intermediate crude gained 39 cents, or 0.9%, to end the session at $41.82.