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
Europe Roundup: Sterling dips as new lockdown weighs on struggling economy European shares inch higher, Gold hits two-month peak, Oil prices up $1 on OPEC output cut talks, Iran tension-January 5th,2021
America’s Roundup: Dollar index rises on upbeat U.S. consumer price data ,Wall Street gains, Gold eases , Oil falls on demand concern despite U.S. inventory dip-January 14th,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 falls to three-week lows as U.S. yields climb, European shares retreat, Gold gains, Oil falls on renewed lockdowns, stronger dollar-January 11th,2021
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 eases off four-week peak, Wall Street closes higher, Gold firms, Oil gains on stimulus optimism ahead of Biden inauguration-January 20th,2021
Europe Roundup: Sterling rises above $1.37 for first time since 2018, European shares rise,Gold gains, Oil above $56 on U.S. stimulus hopes ahead of Biden inauguration-January 20th,2021
Europe Roundup: Euro dips on downbeat economic data and worries on rising coronavirus cases,European stocks rise,Gold eases, Oil prices edge up, but lockdowns restrain gains-January 25th,2021
Europe Roundup: Euro slips further as focus shifts to U.S. stimulus, European stocks rises,Gold edges lower, Oil prices ease as pandemic outweighs Chinese and U.S. data-January 14th,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
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
Europe Roundup: Euro gains following ECB meeting,European stocks fall, Gold slips, Oil down 2% as China COVID-19 cases trigger clampdowns-January 22nd ,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 slides vs most currencies on optimism about Biden administration, Wall Street closes at record highs, Gold gains over 1%, Oil rises on U.S. stimulus hopes, tighter market under Biden-January 21,2021
Europe Roundup: Sterling rises for a second day as dollar falls European stocks rise ,Gold hits 2-month peak, Oil extends gains after surprise Saudi output cut-January 6th,2020
Europe Roundup: Sterling edges higher on renewed Brexit deal hopes,European shares higher, Gold edges lower,Oil set for third week of gains on vaccine hopes-November 20th,2020
• UK Oct Public Sector Net Cash Requirement 19.786B, 31.484B previous
• UK Oct Public Sector Net Borrowing 21.58B, 29.50B forecast, 35.37B previous
• UK Oct Retail Sales (MoM) 1.2%,0.1% forecast, 1.5% previous
• UK Oct Core Retail Sales (MoM) 1.3%,0.1% forecast, 1.6% previous
• UK Oct Core Retail Sales (YoY) 7.8%, 5.9% forecast, 6.4% previous
• UK Oct Retail Sales (YoY) 5.8%,4.2% forecast, 4.7% previous
•German Oct PPI (YoY) -0.7% -0.7%, forecast, -1.0% previous
• German Oct PPI (MoM) 0.1%, 0.1% forecast, 0.4% previous
• Italian Sep Industrial Sales (YoY) -4.60%,-3.80% previous
• Italian Sep Industrial Sales (MoM) -3.20%, 5.90% previous
•Italian Sep Industrial New Orders (MoM) -6.4%, 15.1% previous
•Italian Sep Industrial New Orders (YoY) 3.2%, 6.1% previous
•Belgium Nov Consumer Confidence -15, -17 previous
Looking Ahead - Economic Data (GMT)
•13:30 Canada Oct New Housing Price Index (MoM) 1.2% previous
•13:30 Canada Sep Retail Sales (MoM) 0.2% forecast,0.4% previous
• Canada Core Sep Retail Sales (MoM) 0.2% forecast, 0.5% previous
•15:00 EU Nov Consumer Confidence -17.7 forecast, -15.5 previous
•16:00 Russia GDP Monthly (YoY) -3.3% previous
•16:00 Russia Oct Unemployment Rate 6.4% forecast, 6.3% previous
•16:00 Russia Oct Retail Sales (YoY) -3.0%, -3.0% previous
•16:00 Russian Sep Real Wage Growth (YoY) 0.1%,0.1% previous
•18:00 U.S. Baker Hughes Oil Rig Count 236 previous
•18:00 U.S. Baker Hughes Total Rig Count 312 previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged lower against dollar on Friday after U.S. Treasury Secretary Steven Mnuchin on Thursday told the Federal Reserve to return money earmarked for pandemic lending. The U.S. government will end some crisis programmes on Dec. 31 that the Federal Reserve views as vital to keeping the economy stable.High worldwide coronavirus infections are also outweighing the optimism surrounding hopes of a COVID-19 vaccine.Germany reported a record number of new coronavirus cases on Friday. Immediate resistance can be seen at 1.1885 (23.6%fib), an upside break can trigger rise towards 1.1919 (Nov 9th High).On the downside, immediate support is seen at 1.1846 (38.2%fib), a break below could take the pair towards 1.1815(50% fib).
GBP/USD: Sterling edged higher against the dollar on Friday after a European Union official said the bloc and Britain are very close to agreement in trade talks on most issues, even if they are still at odds over three main points.Britain left the EU in January and is in talks with the bloc on a future trading relationship after a transition period ends on Dec. 31. As time runs out for a deal, an EU official told ambassadors in Brussels that the EU and Britain were “both close” to reaching an agreement, but differences persist over fishing rights, guarantees of fair competition and ways to solve future disputes. Immediate resistance can be seen at 1.3293(38.2%fib), an upside break can trigger rise towards 1.3380 (23.6%fib).On the downside, immediate support is seen at 1.3222 (50%fib), a break below could take the pair towards 1.3200 (Psychological level).
USD/CHF: The dollar edged higher against the Swiss franc on Friday as its downward trend was interrupted when U.S. Treasury Secretary Steven Mnuchin called an end to some of the Federal Reserve’s pandemic lending. Mnuchin’s move re-appropriated some $455 billion allocated to the Treasury for other spending, but some investors were concerned about ending programmes that they think have played a vital role in reassuring markets. 10-year U.S Treasury yields fell to their lowest since Nov. 9. At 13:10 GMT, the dollar was 0.09 percent lower versus the Swiss franc at 0.9111 . Immediate resistance can be seen at 0.9125 (38.2%fib), an upside break can trigger rise towards 0.91172 (23.6% fib).On the downside, immediate support is seen at 0.9082 (50% fib), a break below could take the pair towards 0.9041(61.8%fib).
USD/JPY: The dollar edged higher against the Japanese yen on Friday as news U.S. Treasury was ending emergency loans programmes supported dollar. In a letter to U.S. Federal Reserve Chair Jerome Powell, U.S. Treasury Secretary Steven Mnuchin said the $455 billion allocated to Treasury under the CARES Act should be instead available for Congress to reallocate. Meanwhile, data from AstraZeneca and Oxford University showed their potential COVID-19 vaccine produced a strong immune response in older adults, allaying some concerns fuelled by the intensifying pandemic. Strong resistance can be seen at 104.02 (38.2% fib), an upside break can trigger rise towards 104.34 (50% fib).On the downside, immediate support is seen at 103.64 (23.6%fib), a break below could take the pair towards 103.25(Lower BB).
European stocks edged higher on Friday as gains in commodity and retail shares offset worries about U.S. politics and an impasse over fresh stimulus measures to support a pandemic-stricken global economy.
At (GMT 13:00 ),UK's benchmark FTSE 100 was last trading upat 0.46 percent, Germany's Dax was up by 0.33 percent, France’s CAC finished was up by 0.31 percent.
Gold was set for a second weekly fall on Friday as promising COVID-19 vaccine trials and U.S. Treasury Secretary Steven Mnuchin's call to end the Federal Reserve's key pandemic lending programmes eroded bullion's safe-haven appeal.
Spot gold fell 0.1% to $1,866.19 per ounce by 0832 GMT and was down 1.1% for the week. U.S. gold futures were up 0.2% at $1,865.40.
Oil prices firmed on Friday, and were on track for a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the virus capped gains.
Brent crude futures were up 28 cents, or 0.6%, at $44.48 a barrel at 1027 GMT.