America’s Roundup: Dollar rises on hawkish Fed, strong consumer expenditure data, Wall Street ends higher, Gold hits 3-week low, Oil steadies as investors question reserve release-November 25th,2021
America’s Roundup: Dollar jumps on Powell renomination, Wall Street retreats, Gold slides over 2%-November 23rd,2021
Europe Roundup: Euro dips as lockdown worries resurfaces in Eurozone European stocks slide, Gold steadies, Oil drops below $80 on European COVID concerns-November 19th,2021
America’s Roundup: Dollar dips from 16-month high as rally pauses, Wall street ends mixed ,Gold slips, Oil price hovers above six-week low -November 19th,2021
Europe Roundup: Sterling edges up amid expectations of BoE tightening in February , European shares hit over 1-week highs, Gold flat, Oil prices climb on easing Omicron fears, Iran delay-December 7th,2021
America’s Roundup: Dollar recovers in face of Omicron ,Wall Street closes lower, Gold bounces, Oil falls on Omicron variant concerns-November 2nd,2021
Europe Roundup: Euro edges up as investors shrug off a more hawkish Fed, European shares rise, Gold steadies, Oil slips-November 25th,2021
Europe Roundup: Sterling consolidates above 1.3300 as central bank eyed, European shares gain, Gold gains, Oil climbs over 2% ahead of OPEC meeting amid Omicron concerns-December 1st,2021
America’s Roundup: Dollar rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
Europe Roundup: Sterling slips against dollar as traders weigh EU restrictions impact Gold dips, European shares skid to 3-week lows ,Oil slips on US plans to tap emergency crude reserves-November 23rd,2021
America’s Roundup: Dollar dips on new coronavirus variant fear, Wall Street ends lower,Gold heads for worst week since mid-Jun, Oil settles down $10/bbl in largest daily drop since April 2020-November 27th,2021
Europe Roundup: Sterling sinks below $1.33 for first time in 2021, European stocks fall,Gold jumps ,Oil tumble on virus variant fears-November 26th,2021
America’s Roundup: Dollar up against safe havens as risk sentiment improves on Omicron news, Wall Street ends higher, Oil settles sharply higher-December 7th,2021
America’s Roundup: Dollar edges higher before U.S. jobs report as Omicron fears ease, Wall Street ends higher, Gold slides, Oil ends higher after a day of wild swings on OPEC, Omicron-December 3rd,2021
America’s Roundup: Dollar retreats as Omicron worries, Wall Street closes higher, Gold little changed, Oil price edges higher on waning fears of Omicron's effects-December 9th,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
• 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.