America’s Roundup: Dollar eases after Fed-spurred rise , US stocks ends lower, Gold slides, Oil settles lower as Russia fuel export ban boosts, rate hikes weigh-September 22nd,2023
America’s Roundup: Dollar advances despite soft PMI flash data ,Wall Street ends lower,Gold edges higher ,Brent, WTI oil settle mixed above $90 a barrel- September 23rd,2023
Europe Roundup: Sterling drops to lowest since March after BoE holds rates, European shares slide, Gold falls, Oil falls as US rate hike expectations offset tight supply outlook-September 21st,2023
America’s Roundup: Dollar gains as Fed skips rate hike but holds hawkish stance, Wall Street closes lower, Gold trims gains, Oil prices ease 1%-September 21st,2023
Europe Roundup: Sterling stays at three-month low , European stocks stabilise ,Gold firms, Oil ticks higher as tight supply trumps macroeconomic gloom-September 8th,2023
America’s Roundup: Dollar rebounds as US inflation test nears , Wall Street ends lower, Gold slips , Oil jumps 2% to near 10-month high-September 13th,2023
America’s Roundup: Dollar eases from 10-month high ,Wall Street ends higher, Gold slides, Oil eases 1%, reversing rally, on profit taking, interest rate worries-September 29th ,2023
Europe Roundup:Euro gains as focus turns to cenbank meetings, European shares inch up , Gold at two-week high, Oil prices rise on supply deficit concerns-September 19th,2023
Europe Roundup: Sterling holds above three-month lows vs dollar, European shares edge higher, Gold steady, Oil hits 2023 highs on tight supply outlook-September 14th,2023
Europe Roundup: Sterling rises after UK growth data, European shares rise, Gold edge up, Oil set for 2% weekly gain on China holiday demand, tight US supply-September 29th,2023
Europe Roundup : Euro edges higher against dollar,European shares slide, Gold slips, Oil prices fall as economic outlook outweighs tight supply-September 26th,2023
Europe Roundup: Sterling ticks higher against dollar , European shares set to end week higher, Gold gains, Oil set for another weekly gain on tight supply and China optimism-September 15th,2023
America’s Roundup: Dollar gains as markets assess Fed's interest rate outlook, Wall Street ends down, Gold retreats, Oil prices rebound, settle higher on worries about tight supply-September 27th,2023
America’s Roundup: Dollar weakness as focus shifts to Fed meet next week ,Wall Street tumbles, Gold rises 1%, Oil prices hit 10-month high, gain 4% on weekly basis-September 16th,2023
America’s Roundup: Dollar heads for eighth straight weekly gain, Wall Street ends higher, Gold firms, Oil prices rise to 9-month high-September 9th,2023
America’s Roundup: Dollar slips ahead of US inflation data, Wall Street advances, Gold firms, Oil prices settle mostly flat ahead of monthly oil forecasts-September 12th,2023
Europe Roundup: Euro falls after inflation data, European shares rise,Gold gains, Oil set for weekly gain as OPEC+ considers output cut-September 30th,2022
•UK Current Account (Q2) -33.8B, -43.8B forecast,-51.7B previous
•UK GDP (QoQ) (Q2)0.2%,-0.1% forecast, 0.8% previous
•UK GDP (YoY) (Q2) 4.4%, 2.9% forecast, 8.7% previous
•UK Business Investment (QoQ) (Q2) 3.7%, -0.6% previous
•UK Sep Nationwide HPI (MoM) 0.0%, 0.3% forecast, 0.8% previous
•UK Sep Nationwide HPI (YoY) 9.5%, 10.0% forecast, 10.0% previous
•French Aug Consumer Spending (MoM) 0.0%, -0.1% forecast, -0.8% previous
•French CPI (MoM)-0.5%,-0.1% forecast, 0.5% previous
•French HICP (MoM) -0.5%, -0.1% forecast, 0.5% previous
• German Sep Unemployment Rate 5.5%, 5.5% forecast, 5.5% previous
• German Sep Unemployment Change 14K, 20K forecast,28K previous
• UK Sep Mortgage Approvals 74.34K, 62.00K forecast, 63.77K previous
•EU Sep CPI (YoY) 10.0%, 9.7% forecast, 9.1% previous
•Italian Sep CPI (YoY) 8.9%, 8.7% forecast, 8.4% previous
• Italian Sep CPI (MoM) 0.3%, 0.1% forecast, 0.8% previous
•EU CPI (MoM) 1.2%, 0.9% forecast, 0.6% previous
Looking Ahead - Economic Data (GMT)
•12:30 US Aug PCE Price index (YoY) 6.3% previous
•12:30 US Aug Core PCE Price Index (MoM) 0.5% forecast, 0.1% previous
•12:30 US Aug PCE price index (MoM) -0.1% previous
•12:30 US Aug Personal Spending (MoM) 0.2% forecast ,0.1% previous
•12:30 US Aug Core PCE Price Index (YoY) 4.7% forecast , 4.6% previous
•13:45 US Sep Chicago PMI 51.8 forecast, 52.2 previous
•14:00 US Sep Michigan Inflation Expectations 4.6% previous
•14:00 US Sep Michigan Consumer Expectations 59.9 previous
•14:00 US Sep Michigan Current Conditions 58.9 previous
•14:00 US Sep Michigan Consumer Sentiment 59.5 forecast, 59.5 previous
•15:00 Canada Jul Budget Balance (YoY) 10.20B previous
•15:00 US Aug Dallas Fed PCE 3.40% previous
Looking Ahead - Events, Other Releases (GMT)
•13:00 US FOMC Member Mester Speaks
•15:30 ECB's Schnabel Speaks
•13:00 US FOMC Member Williams Speaks
•13:00 US Fed Vice Chair Brainard Speaks
EUR/USD: The euro dropped on Friday after inflation in the euro zone hit a record high, but headed for a weekly gain on hawkish signals from the European Central Bank as some calm returned to foreign exchange markets at the end of a wild week. Data on Friday showed euro zone inflation zoomed past forecasts to hit 10.0% in September, a new record high that will reinforce expectations for another jumbo rate hike next month from the ECB. After several days of gains, traders took profit on the euro.By 1055 GMT, the euro traded at $0.9761, down 0.6% , while the dollar index roared 0.5% higher but is on course for a weekly loss. Immediate resistance can be seen at 0.9861 (38.2%fib), an upside break can trigger rise towards 0.9889(20DMA).On the downside, immediate support is seen at 0.9735(23.6%fib), a break below could take the pair towards 0.9603(Lower BB).
GBP/USD: Sterling initially gained but gave up some ground in volatile trading on Friday, after data showed the British economy performed better-than-expected in the second quarter. Britain's economy remained below its pre-pandemic peak, according to data published on Friday that left the country further adrift of other Group of Seven nations and underscored the challenge facing new Prime Minister Liz Truss.The Office for National Statistics said economic output unexpectedly rose by 0.2% in April through June, revised up from a previous reading of a 0.1% contraction, meaning the British economy has not yet fallen into a recession. Immediate resistance can be seen at 1.1140(38.2%fib), an upside break can trigger rise towards 1.1300 (20DMA).On the downside, immediate support is seen at 1.1000 (Psychological level), a break below could take the pair towards 1.0874(23.6%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Friday after the Swiss National Bank said it had intervened in the foreign exchange market in the second-quarter to support the currency. The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022, data on Friday showed, ending an era of heavy foreign currency purchases to curb the franc's gains.Since scrapping its minimum exchange rate in 2015, the SNB has spent 353 billion francs buying mainly dollars, yen and euros to stem the appreciation of the safe-haven currency. At 11:17 GMT, the dollar was 0.60 percent higher versus the Swiss franc at 0.9808 .Immediate resistance can be seen at 0.9814(23.6% fib), an upside break can trigger rise towards 0.9861(Sep 29th high).On the downside, immediate support is seen at 0.9775(9DMA), a break below could take the pair towards 0.9732(38.2%fib).
USD/JPY: The dollar steadied against the Japanese yen on Friday as expectation that Federal Reserve will keep interest rates higher to tame inflation supported dollar.A strong U.S. jobs market with weekly jobless claims hitting a five-month low adds to the case of more aggressive tightening from the Fed. Overnight hawkish comments from Fed officials offered no indication that recent foreign exchange and bond market drama will lead the central bank to back off from its rate hike course. The dollar was unmoved against the yen at 144.47. Strong resistance can be seen at 144.89 (23.6%fib), an upside break can trigger rise towards 145.60(Higher BB). On the downside, immediate support is seen at 143.99 (5DMA), a break below could take the pair towards 143.22(38.2%fib).
European stock indexes climbed on Friday, the last trading session of a painful quarter, hit by worries about the impact of aggressive policy tightening measures by central banks on economic growth and corporate earnings.
At (GMT 11:30 ),UK's benchmark FTSE 100 was last trading down at 0.02 percent, Germany's Dax was down by 0.07 percent, France’s CAC was up by 0.36 percent.
Gold prices gained on Friday, thanks to a softer dollar, but non-yielding bullion was headed for its biggest quarterly decline since March last year on an ongoing aggressive monetary policy stance by central banks worldwide.
Spot gold rose 0.7% to $1,671.68 per ounce by 0823 GMT. Prices are set for their best weekly gain since end-July, up 1.7% so far. For the quarter, however, it is down 7.4% — its worst since the first quarter of 2021.
Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5.
Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99.U.S. West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.89%, to $81.95.
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