America’s Roundup: Dollar edges up in range-bound holiday markets, Wall Street ends mixed, Gold steadies, Oil prices fall 2% as Chinese demand worries linger-November 26th,2022
Europe Roundup: Euro gains against dollar ahead of Powell speech, European shares rise,Gold gains, Oil firm on U.S. crude stocks and China optimism-November 30th,2022
Europe Roundup: Euro edges higher against dollar, European shares falls, Gold stalls, Oil falls on economic worries, easing supply fears-December 7th,2022
Market Roundup: Sterling set for third straight weekly gain,European shares mixed, Gold subdued, Oil prices rise, but Chinese demand worries linger
Europe Roundup: Sterling holds near 3-month high against weaker dollar ,European shares gain, Gold firms, Oil drops as Russian price cap proposal eases concerns about tight supply-November 24th,2022
America’s Roundup: U.S. dollar falls as Fed signals slowdown in rate hikes, Wall Street rises, Oil slides over 3% on Russian price cap talks-November 24th ,2022
America’s Roundup: Dollar slides after Powell speech, Wall Street ends sharply higher, Gold rises, Oil settles up $2 on tighter supply-December 1st,2022
America’s Roundup: Dollar gains broadly as U.S. data sparks rate hike fears ,Wall Street slides, Gold retreats , Oil falls over 3%-December 6th,2022
Europe Roundup: Sterling gains against softening dollar, European shares falls,Gold rebounds 1% ,Oil jumps on hopes for easing of China's COVID controls-November 29th,2022
Market Roundup: Sterling ticks up against dollar,European shares hold near 3-month highs, Gold subdued, Oil prices fall over $1/bbl on Russian oil price cap talks
Europe Roundup: Sterling edges lower as boost from new China COVID rules fades, European shares gains, Gold retreats, Oil prices rise after OPEC+ keeps output steady-December 5th,2022
Europe Roundup: Sterling at fresh 16-week high as dollar takes a beating ,European rise near six-month high , Gold gains, Oil rises ahead of OPEC+ meeting, easing China COVID curbs lend support-December 1st,2022
America’s Roundup: U.S. dollar slip amid economy concerns, Wall Street ends lower, Gold jumps 1%, Oil gives up gains, closing at 2022 low-December 8th,2022
America’s Roundup: Dollar up as market eye central bank rate policies, Wall Street slumps, Gold little changed, Oil prices slump to pre-Ukraine crisis levels on economic jitters-December 7th,2022
Europe Roundup: Sterling dips against dollar, European shares slip, Gold slips to over 1-week low, Oil prices ease to trade near 2-month lows-November 21th,2022
America’s Roundup: Dollar rebounds on Fed expectations, Wall Street ends down sharply, Gold slips, U.S. crude turns positive, Brent pares losses on OPEC+ cut rumors-November 29th,2022
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.