America’s Roundup: Dollar falls ahead of Fed meeting,Wall Street closes on mixed note,Gold dips, Oil rises as Russian gas cut to Europe may encourage switching to crude-July 26th,2022
Europe Roundup: Euro dips against dollar ahead of US GDP data, European shares mixed, Gold hits a three-week high, Oil extends gains as risk appetite improves, U.S. inventories fall-July 28th,2022
America’s Roundup: Dollar edges higher as traders await U.S. inflation report, Wall ends lower, Gold ticks up, Oil settles lower as halted Russian pipeline flows appear temporary, demand fears rise-August 10th,2022
America’s Roundup:U.S. dollar index gains, Wall Street indexes close up, Gold gains, Oil prices sheds 2% a barrel-August 13th,2022
America’s Roundup: Dollar gains after stronger-than-expected payrolls data , Wall Street ends mixed, Gold dips 1%, Oil prices end week on multi-month lows on recession fears, Oil prices end week on multi-month lows on recession fears-August 6th,2022
America’s Roundup: Dollar dips ahead of U.S. Fed meeting's outcome, Wall Street ends lower, Gold virtually unchanged, Oil settles down on lower U.S. consumer confidence –July 27th,2022
Europe Roundup: Sterling dips as economic outlook darkens rate view, European shares mixed in cautious trade,Gold steadies, Oil rises for a second day on supply tightness concerns-July 26th,2022
Europe Roundup: Sterling drifts higher but capped by weak data, European shares gain, Gold ticks up, Oil rises on U.S. inventory drop, Russian gas cuts-July 27th,2022
Europe Roundup: Sterling edges higher ahead of Thursday's BoE decision , European shares inch higher, Gold rebounds, Oil prices dip ahead of OPEC+ meeting-August 3rd,2022
Europe Roundup: Sterling loses steam as traders turn to safe-haven currencies, European shares dips, Gold steadies, Oil slips as global demand concerns weigh, OPEC+ meeting eyed-August 2nd,2022
Europe Roundup: Euro notch up on US inflation data,European shares little changed, Gold subdued,Oil rises as IEA hikes 2022 demand growth forecast-August 11th,2022
America’s Roundup: Dollar gains on U.S. service sector data, Wall Street rallies, Gold little changed, Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build-August 4th,2022
Europe Roundup:Euro gains on upbeat Eurozone GDP data, European shares rises, Gold gains,Oil prices rise as chances of OPEC+ supply boost dim-July 29th,2022
Europe Roundup: Sterling gains, shrugs off factory data ahead of BoE, European shares rise, Gold extends gains, Oil drops as weak Chinese factory data heightens demand concerns-August 1st,2022
Europe Roundup: Sterling slips as BoE delivers big rate hike but warns of long recession,European shares gains, Gold gains over 1%, Oil prices stabilize after drop to near 6-month low-August 4th,2022
Europe Roundup: Euro recovers after U.S. jobs report sell-off, European shares bounce ,Gold range-bound, Oil stays near multi-month lows on demand worries-August 8th,2022
Europe Roundup: Euro dips, dollar rises as growth fears mount, European shares falls, Gold extends falls, Oil prices up 3% on supply outages-July 1st,2022
•Italian Jun Manufacturing PMI 50.9 , 50.5 forecast, 51.9 previous
•French Jun Manufacturing PMI 51.4, 51.0 forecast, 54.6 previous
•German Jun Manufacturing PMI 52.0, 52.0 forecast, 54.8 previous
•EU Jun Manufacturing PMI 52.1,52.0 forecast, 54.6 previous
•UK May BoE Consumer Credit 1.300B forecast,1.399B previous
•UK May Mortgage Approvals 66.16K, 64.00K forecast, 65.97K previous
•UK June Manufacturing PMI 52.8, 53.4 forecast, 54.6 previous
•EU Jun CPI (YoY) 8.6%,8.4% forecast, 8.1% previous
•EU Jun HICP ex Energy & Food (YoY) 4.6%, 4.5% forecast, 4.4% previous
• Italian Jun CPI (YoY) 8.0%,7.4% forecast, 6.8% previous
• Italian Jun CPI (MoM) 1.2%, 0.6% forecast, 0.8% previous
• EU CPI (MoM) 0.8%, 0.8% previous
• EU Core CPI (MoM) 0.2%, 0.5% previous
Looking Ahead Economic Data(GMT)
• 13:45 US Jun Manufacturing PMI 52.4 previous
•14:00 US May Construction Spending (MoM) 0.4% forecast, 0.2% previous
•14:00 US Jun ISM Manufacturing Employment 49.6 previous
•14:00 US Jun ISM Manufacturing PMI 54.9 forecast,56.1 previous
•14:00 US Jun ISM Manufacturing Prices 81.0 forecast, 82.2 previous
•17:00U.S. Baker Hughes Oil Rig Count 594 previous
Looking Ahead - Economic events and other releases (GMT)
•No events ahead
EUR/USD: The euro declined on Friday as stronger dollar and weaker Euro zone manufacturing data weighed on euro. A survey showed that euro-zone manufacturing output fell last month for the first time since the first wave of the coronavirus pandemic two years ago, as higher prices and an increasingly gloomy economic outlook discouraged consumers from making purchases. S&P Global's final manufacturing Purchasing Managers' Index (PMI) fell to 52.1 in June from 54.6 in May, the lowest since August 2020 but just ahead of a provisional reading of 52. The euro slipped by as much as 0.5% to $1.04330. It was last down 0.4% at $1.04465. Immediate resistance can be seen at 1.0492(5DMA),an upside break can trigger rise towards 1.0522(38.2%fib).On the downside, immediate support is seen at 1.0391(23.6%fib), a break below could take the pair towards 1.0345(Lower BB).
GBP/USD: Sterling dipped against the dollar on Friday as renewed fears of a global recession hit the risk-sensitive British currency. More risk-sensitive currencies fell across the board. The Australian dollar and New Zealand dollar both fell by more than 1% on the day, with the Aussie tumbling as much as 1.6% to $0.67900, its lowest since June 2020. After its biggest six-month decline since 2008 against the U.S. dollar, risk sensitive sterling fell 0.5% against the greenback to $1.2114. Meanwhile, amid growing fears that higher borrowing costs will further hurt the UK economy, traders have lowered some of their expectations for a Bank of England rate hike for the year. Immediate resistance can be seen at 1.2166 (5DMA),an upside break can trigger rise towards 1.2252(38.2%fib).On the downside, immediate support is seen at 1.2026(23.6%fib), a break below could take the pair towards 1.1881(Lower BB).
USD/CHF: The dollar strengthened against the Swiss franc on Friday as dollar benefited from safe-haven demand on renewed worries about higher rates and a global recession. Disappointing economic data from across the world cemented fears of a global recession. Soaring inflation and hawkish comments from major central bank chiefs this week have steered investors out of risky markets into safe-haven assets such as the dollar. At 12:07 GMT, the dollar was trading 0.72 percent higher versus the Swiss franc at 0.9615. Immediate resistance can be seen at 0.9617(38.1% fib), an upside break can trigger rise towards 0.9708(20 June 2022 high).On the downside, immediate support is seen at 0.9566 (5DMA), a break below could take the pair towards 0.9498(50% fib).
USD/JPY: The dollar declined against the Japanese yen on Friday as worries about the risk of a global recession drove rallies in the safe haven Japanese yen. Runaway inflation and central banks' rush to raise interest rates and stem the flow of cheap money have fueled the market sell-off and lifted assets seen as safer bets. The Japanese yen gained as much as 0.75% on the day, pulling away from a mid-week low of 137.00 its weakest in 24 years. It was last up 0.4% at 135.235 yen per dollar. Strong resistance can be seen at 135.78 (5DMA), an upside break can trigger rise towards 137.26(23.6%fib).On the downside, immediate support is seen at 135.05(5DMA), a break below could take the pair towards 133.05 (38.2%fib).
European stocks dipped on Friday after data showed Eurozone manufacturing PMI fell less than expected in June.
At (GMT 12:20),UK's benchmark FTSE 100 was last trading down at 0.25 percent, Germany's Dax was down by 0.26 percent, France’s CAC finished was down by 0.05 percent.
Gold extended its retreat to fall 1% on Friday en route to a third straight weekly dip as a stronger dollar and prospects of higher interest rates eroded its appeal, with an import tax hike by India also seen dampening demand for bullion.
Spot gold was down 0.9% at $1,790.47 per ounce by 1048 GMT, while U.S. gold futures dipped 0.9% to $1,790.50.
Oil prices rose about 3% on Friday, recouping most of the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.
Brent crude futures were up $3.03, or 2.8%, at $112.06 a barrel by 1157 GMT, having dropped to $108.03 a barrel earlier in the session.