America’s Roundup: Dollar turns higher as risk sentiment wanes, Wall Street ends lower, Gold gains,Oil slides with U.S. stocks as OPEC+ delays output decision-January 5th,2020
Europe Roundup: Sterling recovers ground against dollar, European stocks edges lower, Gold gains, Oil hits 11-month high towards $57 as Saudi cut supports-January 12th,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
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
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 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
Europe Roundup:Euro gains before ECB meeting, European stocks rise, Gold hits 2-week high, Oil dips after unexpected rise in U.S. crude stocks-January 21st,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
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
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
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 gains following ECB meeting,European stocks fall, Gold slips, Oil down 2% as China COVID-19 cases trigger clampdowns-January 22nd ,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 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: 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
Europe Roundup:Euro gains on vaccine cheer, European shares gain, Gold slips, Oil prices rise on back of COVID vaccine news-November 23rd,2020
•French Nov Manufacturing PMI 49.1, 50.1 forecast, 51.3 previous
•French Nov Services PMI 38.0, 37.7 forecast, 46.5 previous
•French Nov Markit Composite PMI 39.9, 34.0 forecast, 47.5 previous
•German Nov Composite PMI 52.0, 50.4 forecast, 55.0 previous
•German Nov Services PMI 46.2, 46.3 forecast, 49.5 previous
•German Nov Manufacturing PMI 57.9, 56.5 forecast, 58.2 previous
•EU Nov Services PMI 41.3, 42.5 forecast, 46.9 previous
•EU Nov Markit Composite PMI 45.1, 45.8 forecast, 50.0 previous
•EU Nov Manufacturing PMI 53.6, 53.1 forecast, 54.8 previous
•UK Nov Manufacturing PMI 55.2, 53.3 forecast, 53.3 previous
•UK Composite PMI 47.4, 42.5 forecast, 52.1 previous
•UK Nov Services PMI 45.8 , 52.3 forecast, 52.3 previous
Looking Ahead Economic Data
•13:30 US Oct Chicago Fed National Activity 0.27 previous
•14:00 French 3-Month BTF Auction -0.600% previous
•14:00 French 12-Month BTF Auction -0.598% previous
•14:00 French 6-Month BTF Auction -0.602% previous
•14:45 US Nov Services PMI 55.0 forecast, 56.9 previous
•14:45 US Markit Composite PMI 56.3 previous
•14:45 US Nov Manufacturing PMI 53.0 forecast, 53.4 previous
Looking Ahead - Events, Other Releases (GMT)
•18:00 US FOMC Member Daly Speaks
•19:00 Canada BoC Deputy Governor Gravelle Speaks
•20:00 Chicago Fed President Evans Speaks
EUR/USD: The euro rose against dollar on Monday as hopes that the arrival of Coronavirus vaccines as early as next month boosted euro. AstraZeneca said its COVID-19 vaccine, developed along with the University of Oxford, could be around 90% effective under one dosing regimen. On the data front, Euro zone business activity contracted sharply in November as fresh virus restrictions across European countries forced many firms in the bloc’s dominant service industry to close temporarily, a survey showed. Manufacturing activity, however, remained a bright spot as many factories remained open during lockdowns. Immediate resistance can be seen at 1.1910 (23.6%fib), an upside break can trigger rise towards 1.1938 (Higher BB).On the downside, immediate support is seen at 1.1874 (38.2%fib), a break below could take the pair towards 1.1848 (50% fib).
GBP/USD: The pound rose against dollar on Monday as more positive news about a potential COVID-19 vaccine propelled investors to buy riskier currencies and offset concerns about whether Britain and the European Union can clinch a Brexit trade deal.London and Brussels this week continue their negotiations to agree a deal on their future trading relationship, though time is now running very short as Britain’s post-Brexit transition period ends in fewer than six weeks. The British currency rose 0.7% to as high as $1.3382 , while against the euro it rose more than half a percent to 88.75 pence, a near two-week high.Immediate resistance can be seen at 1.3385 (Daily high), an upside break can trigger rise towards 1.3408 (23.6%fib).On the downside, immediate support is seen at 1.3310 (38.2%fib), a break below could take the pair towards 1.3235 (50 % fib).
USD/CHF: The dollar declined against the Swiss franc on Monday as progress towards a COVID-19 vaccine rollout, kept the dollar on its downward trend. AstraZeneca said on Monday that its vaccine could be around 90% effective. The British drugmaker will prepare submission of data to authorities around the world that have a framework for conditional or early approval.This was the latest in a string of positive vaccine developments after U.S.-based Moderna Inc said on Nov. 16 its experimental vaccine was 94.5% effective. At 12:30GMT, the dollar was 0.30 percent lower versus the Swiss franc at 0.9080 . Immediate resistance can be seen at 0.9104 (38.2%fib), an upside break can trigger rise towards 0.9119 (38.2%fib).On the downside, immediate support is seen at 0.9077 (50% fib), a break below could take the pair towards 0.9034(61.8%fib).
USD/JPY: The dollar dipped against the Japanese yen on Monday as fresh tensions between Beijing and Washington sapped appetite for the Chinese currency, even as investors eyed longer-term prospects of improving ties under a Biden presidency.The Trump administration is looking at moves that wouldrestrict 89 Chinese aerospace and other companies from buying a range of U.S. goods and tech. At 12:40 GMT, the dollar was 0.10 percent lower versus the yen at 103.74 Strong resistance can be seen at 103.83 (5DMA), an upside break can trigger rise towards 104.05 (38.2% fib).On the downside, immediate support is seen at 103.65 (5 DMA), a break below could take the pair towards 103.21 (Lower BB).
European shares jumped on Monday as encouraging developments around a coronavirus vaccine spurred bets of a faster economic revival globally, even as a surge in infection rates clouded near-term outlook.
At (GMT 12:40 ),UK's benchmark FTSE 100 was last trading down at 0.01 percent, Germany's Dax was up by 0.51 percent, France’s CAC finished was up by 0.40 percent.
Gold eased on Monday as AstraZeneca injected fresh optimism into the race for a COVID-19 vaccine, bolstering appetite for riskier assets and overshadowing support for bullion from a weaker dollar.
Spot gold edged 0.1% lower to $1,868.26 per ounce by 0952 GMT and U.S. gold futures fell 0.3% to $1,866.80.
Oil prices rose more than 1% on Monday, extending last week’s gains as traders eyed a recovery in demand due to successful coronavirus vaccine trials.
Brent crude rose 94 cents to $45.90 a barrel by 0913 GMT while U.S. West Texas Intermediate crude gained 76 cents to $43.18 a barrel. Both benchmarks jumped 5% last week.