America’s Roundup: U.S. dollar soars to two-decade high as Fed flags more large hikes, Wall Street slumps, Gold bounces ,Oil prices slide 1% after U.S. Fed raises interest rates-September 22nd,2022
Europe Roundup: Sterling crumbles to all-time low, European shares falls, Gold pinned near 2-1/2-year low, Oil prices hit nine-month low on recession fears-September 26th,2022
America’s Roundup: Dollar edges down but posts gains for week, Wall Street drops, Gold gains, Oil prices up after Basra spill, but log weekly decline-September 17th,2022
America’s Roundup: Dollar rises after unexpected rise in U.S. consumer prices, Wall Street tumbles, Gold dips, Oil dips nearly 1%, reversing earlier gains-September 14th,2022
Europe Roundup:Euro jumps on hawkish ECB signals, European shares advances, Gold ticks, Oil prices rise as supply uncertainty mounts-September 12th,2022
America’s Roundup: Dollar inches up vs yen as investors expect Fed will stay aggressive, U.S. stocks slip ,Gold falls, Oil slumps over 3% on demand concerns-September 16th,2022
America’s Roundup: Dollar falls as investors balance their positions ahead of US inflation data, Wall Street ends higher, Gold gains, Oil rises 4% on supply threats, still set for weekly drop-September 10th,2022
America’s Roundup: U.S. dollar soars to 24-year high vs yen, Wall ends higher, Gold gains, Oil settles below $90 as recession fears mount-September 8th,2022
Europe Roundup: Sterling plunges near 35-year low against the dollar, European stocks bounce, Gold dips to near 2-month low, Oil falls over 1% on demand concerns, strong dollar-September 15th,2022
Europe Roundup: Sterling tumbles after Britain's new economic plan, European shares extend falls, Gold hits more than 2-year low, Oil prices down 3% with recession fears in focus-September 23rd,2022
America’s Roundup: Dollar declines against yen as Japan intervenes to stop yen slide, Wall Street ends down, Oil edges higher on Russian supply concerns in volatile trade-September 23rd,2022
Europe Roundup: Euro gains as dollar dips ahead of US CPI data, European shares rise, Gold holds steady, Oil prices climb on concerns over tight supplies-September 13th,2022
Europe Roundup: Sterling recovers after BoE rate hike, European shares fall, Gold steadies, Oil rises on rebounding Chinese demand, geopolitical risks-September 22nd,2022
Europe Roundup: Sterling idles near 37-year low ahead of Fed, BoE meetings, European shares slips in choppy trade,Gold dips, Oil prices up but expected Fed rate hike paints bearish picture-September 20th, 2022
America’s Roundup: Dollar reaches new two-decade high, Wall Street ends lower, Gold drops to 2-1/2-year lows, Oil plunges to eight-month low on strong dollar, recession fears-September 24th,2022
Europe Roundup: Sterling slips against rising dollar, European shares fall,Gold edges up ,Oil rises after Russia's Putin threatens to halt supply-September 7th, 2022
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
• Canada Sep Housing Starts 251.2K,255.0K forecast, 260.2K previous
• Canada August Foreign Securities Purchases 15.17B,14.19B previous
• French 12-Month BTF Auction -0.629%,-0.641% previous
• French 3-Month BTF Auction -0.732%,-0.740% previous
• French 6-Month BTF Auction -0.667%., -0.675% previous
• US Sep Industrial Production (MoM) -1.3%, 0.2% forecast, 0.4% previous
• US Sep Capacity Utilization Rate 75.2%, 76.5% forecast, 76.4% previous
• US Sep Manufacturing Production (MoM) -0.7%,0.1% forecast, 0.2% previous
• US Sep Industrial Production (YoY) 4.60%, 5.95% previous
• US Oct NAHB Housing Market Index 80, 76 forecast, 76 previous
• US 3-Month Bill Auction 0.060%, 0.050% previous
• US 6-Month Bill Auction 0.055% ,0.055% previous
• US Federal Budget Balance -171.0B previous
Looking Ahead Economic Data (GMT)
•No data ahead
Looking Ahead - Events, Other Releases (GMT)
• 01:30 Australia RBA Meeting Minutes
EUR/USD: The euro strengthened on Monday as dollar dipped after data showed production at U.S. factories fell by the most in seven months in September, erasing earlier gains on expectations that the Federal Reserve may be closer to raising interest rates than previously expected.U.S. manufacturing output was hurt as an ongoing global shortage of semiconductors depressed motor vehicle output, providing further evidence that supply constraints were hampering economic growth. The euro rose 0.11% to $1.1610, after earlier dropping to $1.1570. Immediate resistance can be seen at 1.1620 (20DMA), an upside break can trigger rise towards 1.1629(38.2%fib).On the downside, immediate support is seen at 1.1571(23.6%fib), a break below could take the pair towards 1.1500 (Psychological level).
GBP/USD: The British pound steadied against the dollar on Monday after Bank of England Governor Andrew Bailey sent a fresh signal that the central bank is gearing up to raise interest rates as inflation risks mount. During an online panel discussion on Sunday organised by the Group of 30 consultative group, Bailey said the BoE will “have to act” in its monetary policy meetings on the risk of medium term inflation.He continued to believe that the recent jump in inflation would be temporary, but that a surge in energy prices would push it higher and make its climb last longer. Investors were awaiting CPI September inflation data for Britain due on Wednesday. Immediate resistance can be seen at 1.3761(50%fib),an upside break can trigger rise towards 1.3848(61.8%fib).On the downside, immediate support is seen at 1.3678(38.2%fib), a break below could take the pair towards 1.3615(20DMA).
USD/CAD: The Canadian dollar barely moved against its U.S. counterpart on Monday as oil prices rose and data showed slower economic growth in China, with the currency holding near a three-month high. World stock markets dipped after data showed slower-than-expected growth in China's economy last quarter, and surging prices for oil, one of Canada's major exports, fed inflation concerns. U.S. crude oil futures were up nearly 1% at $83.07 a barrel, buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation . Immediate resistance can be seen at 1.2387 (5DMA), an upside break can trigger rise towards 1.2440(38.2%fib).On the downside, immediate support is seen at 1.2341(23.6%fib), a break below could take the pair towards 1.2306 (Lower BB).
USD/JPY: The dollar retreated slightly against yen on Monday as an unexpected drop in U.S. industrial production tamed rising dollar. US September industrial and manufacturing output unexpectedly fell and August data was revised lower. Production at U.S. factories fell by the most in seven months in September as an ongoing global shortage of semiconductors depressed motor vehicle output, further evidence that supply constraints were hampering economic growth.The dollar fell 0.02% to 93.95 against a basket of currencies. It had earlier reached 94.17. Strong resistance can be seen at 114.55(23.6%fib), an upside break can trigger rise towards 115.00(Psychological level).On the downside, immediate support is seen at 113.95(38.2%fib), a break below could take the pair towards 113.50(50%fib).
European shares declined on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away and signals that top central banks may have hit the bottom with interest rates.
UK's benchmark FTSE 100 closed down by 0.42 percent, Germany's Dax ended down by 0.72 percent, France’s CAC finished the day down by 0.81 percent.
U.S. stocks rose on Monday on gains in heavyweight technology companies, although sentiment remained fragile due to slowing economic growth in China and concerns of elevated inflation due to a relentless surge in oil prices.
Dow Jones closed down by 0.10% percent, S&P 500 closed up by 0.34 % percent, Nasdaq settled up by 0.84% percent.
Mid-term U.S. Treasury yields resumed their upward march on Monday with five-year yields rising to their highest levels since early 2020 as traders positioned for expected central bank rate hikes.
Yields on benchmark 10-year U.S. debt were up 2.6 basis points at 1.6019%.
Gold edged lower on Monday as a rise in U.S. Treasury yields dented its appeal, although a risk-off sentiment in wider financial markets limited losses for the metal.
Spot gold was down 0.1% at $1,765.14 per ounce by 1:35 p.m. EDT (1735 GMT), while U.S. gold futures settled down 0.2% at $1,765.70.
Oil prices pulled back after touching multi-year highs on Monday, trading mixed as U.S. industrial output for September fell, tempering early enthusiasm about demand.
U.S. West Texas Intermediate (WTI) crude settled 16 cents higher, or 0.19%, at $82.44 a barrel, after hitting $83.87, their highest since October 2014.
What is a semiconductor? An electrical engineer explains how these critical electronic components work and how they are made