Europe Roundup: Euro falls as stronger U.S. bond yields, dollar weighs, European stocks fall, Gold dips, Oil prices climb as COVID recovery, power generators stoke demand-October 18th, 2021
Europe Roundup: Sterling edges higher after UK jobs data leaves rate bets intact, European shares dips, Gold firms, Oil nears three-year high on energy crunch fears-October 12th,2021
America’s Roundup: Dollar eases from one-year high after US inflation data, Wall Street ends higher, Gold jumps 2% ,Oil eases on profit taking, demand jitters; stays near highest in years-October 14th,2021
America’s Roundup: Dollar dips as bonds stabilize, Wall Street ends higher, Gold pares gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
America’s Roundup: Dollar hits one-year high as U.S. yields rise, Wall Street closes lower ,Gold gains, Oil steadies as energy crisis increases volatility-October 13th,2021
Europe Roundup: Sterling hits four-week high vs dollar, European stocks inch up, Gold gains, Oil prices rise on China energy demand concerns-October 19th,2021
America’s Roundup: Dollar gains as traders assess rate hike prospects, Wall Street ends higher, Gold rises, Oil prices reach multi-year highs on tight supply-October 26th,2021
Europe Roundup: Sterling dips after retail sales miss forecasts, European shares rises,Gold gains, Oil stays near $85 a barrel, Brent set for seventh weekly gain-October 22nd,2021
America’s Roundup: Dollar dips as rate hike bets fade, Wall Street dips, Gold trims gains, Oil hovers below recent highs, ends week up-October 23rd,2021
Europe Roundup: Euro eases on firm dollar as Fed seen sticking to taper plans European stocks slip,Gold eases, Oil jumps to multi-year highs on global energy crunch-11th October,2021
Europe Roundup: Euro gains as dollar pauses rally, European shares rise, Gold near one-month peak, Oil prices climb on upgrade to IEA demand forecast-October 14th,2021
Europe Roundup: Euro dips on dollar advance as traders wait for U.S. jobs data, European shares gains, Gold dips ,Oil holds near 3-year highs after OPEC+ keep tight control of taps-October 5th,2021
America’s Roundup: Dollar near one-year high,Wall Street surges, Gold dips, Oil eases as U.S. mulls strategic reserve sales-October 8th,2021
America’s Roundup: Dollar dips in choppy trading, Wall Street rises, Gold rises to one-month high, Oil prices rise, as Saudis dismiss supply concerns as demand grows-October 15th,2021
America’s Roundup: Dollar gains as energy price surge drives inflation worries , Wall Street rises, Gold firms ,Oil retreats from multi-year highs after U.S. stock build-October 7th,2021
America’s Roundup: Dollar dips after weak U.S. factory production data, Wall Street gains, Gold edges down, Oil prices pull back as U.S. factory data intensifies demand concerns-October 19th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
•French 12-Month BTF Auction -0.668%,-0.653% previous
•French 3-Month BTF Auction -0.652%,-0.648% previous
•French 6-Month BTF Auction -0.655%,-0.665% previous
Looking Ahead –Economic Data (GMT)
•23:30 Japan Average Cash Earnings (YoY) -0.1% previous
•23:30 Japan Jul Household Spending (MoM) 1.1% forecast, -3.2% previous
•23:30 Japan Jul Household Spending (YoY) 2.9% forecast, -5.1% previous
•23:30 Japan Jul Household Spending (YoY) 2.9% forecast, -5.1% previous
•23:30 Japan Jul Overtime Pay (YoY) 18.00% previous
•01:30 Australia Building Approvals (MoM) -8.6% forecast, -8.6% previous
•03:00 China Aug Exports (YoY) 17.1% forecast 19.3% previous
•03:00 China Aug Imports (YoY) 26.8% forecast 28.1% previous
•03:00 China Aug Trade Balance (USD) 51.05B forecast, 56.59B previous
04:30 Australia Sep RBA Interest Rate Decision 0.10% forecast, 0.10% previous
Looking Ahead-Events and Other Releases
04:30 Australia RBA Rate Statement
EUR/USD: The dipped against dollar on Monday as focus turned to European Central Bank policy decision on Thursday. Analysts reckon it is still too early for the ECB to call time on emergency stimulus, but it could agree to slow the pace of its bond buys after euro area inflation surged to a 10-year high at 3% last week. Trading conditions were thin with U.S. markets closed on Monday for a holiday. Immediate resistance can be seen at 1.1867 (38.2%fib), an upside break can trigger rise towards 1.1908(23.6%fib).On the downside, immediate support is seen at 1.1853(5DMA), a break below could take the pair towards 1.1833 (50%fib).
GBP/USD: Sterling slipped on Monday, pulling back from near one-month highs against the dollar and as signs grew that economic gains from post-lockdown reopening were starting to fade.The currency firmed on Friday against the dollar after data showed the United States created far fewer jobs in August than forecast. But subsequent moves have been listless as traders await further cues on the UK economy and the Bank of England’s future policy direction. Immediate resistance can be seen at 1.3841(Daily high),an upside break can trigger rise towards 1.3881 (23.6%fib).On the downside, immediate support is seen at 1.3822(38.2%fib), a break below could take the pair towards 1.3808 (5DMA).
USD/CAD: The Canadian dollar was little changed on Monday against its U.S. counterpart as investors awaited interest rate decision from Bank of Canada. The BoC is due to make an interest rate decision next Wednesday but an update of its economic projections is not expected until October. The Bank of Canada is still on course to raise interest rates to 0.50% towards the end of next year. The Canadian dollar was last trading up 0.01% at 1.2531 to the greenback. Immediate resistance can be seen at 1.2550(5DMA), an upside break can trigger rise towards 1.2575 (38.2%fib).On the downside, immediate support is seen at 1.2492 (23.6%fib), a break below could take the pair towards 1.2437 (Lower BB).
USD/JPY: The dollar strengthened against yen on Monday as greenback clawed back some of the losses sustained after last week’s poor U.S. jobs report, helped by firmer U.S. Treasury yields in a big week for major central banks. The dollar index, which measures the currency against six rivals, edged 0.1% higher to 92.23, after dipping to 91.941 for the first time since Aug. 4 on Friday, when a closely watched U.S. labour report showed the world’s largest economy created the fewest jobs in seven months in August. Strong resistance can be seen at 110.06(38.2%fib), an upside break can trigger rise towards 110.42(23.6%fib).On the downside, immediate support is seen at 109.78(50%fib), a break below could take the pair towards 109.45(61.8%fib).
European shares climbed on Monday to end near record levels, led by technology stocks which surged to their highest this year as a surprise rise in German factory orders pointed to improving global demand and boosted sentiment.
UK's benchmark FTSE 100 closed up by 0.68 percent, Germany's Dax ended up by 0.96 percent, France’s CAC finished the day up by 0.80 percent.
Gold eased on Monday as the dollar firmed, but renewed bets that the U.S. Federal Reserve may go slow on unwinding its pandemic-driven economic support measures kept bullion close to a 2-1/2-month high.
Spot gold inched 0.2% lower to $1,822.86 per ounce by 10:00 a.m. EDT (1400 GMT). On Friday, prices hit their highest since June 16 at $1,833.80.
Oil prices fell on Monday after Saudi Arabia's sharp cuts to crude contract prices for Asia revived concerns over the demand outlook.
Brent crude futures fell 39 cents to settle at $72.22 a barrel. U.S. West Texas Intermediate crude were last down 40 cents at $68.89 a barrel.