Europe Roundup: Sterling nears 2021 lows before U.S. data, European shares dips, Gold gains, Oil edge lower as investors try to assess Omicron's full impact-December 8th,2021
America’s Roundup: Dollar slips below 16-month highs as trade winds down for Thanksgiving, Wall Street ends higher, Gold edges up, Oil dips, focus on OPEC+ response to U.S.-led oil release-November 26th,2021
America’s Roundup: Dollar steadies near 16-month high, Gold drops to near 3-week low, Oil rises 3% to one-week high after U.S. taps emergency reserves-November 24th,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
Europe Roundup: Euro rises as dollar eases, investors weigh Omicron impact , European stocks tumble, Gold gains, Oil falls 3% on jitters over vaccine efficacy-30th November,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 rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
America’s Roundup: Dollar jumps on Powell renomination, Wall Street retreats, Gold slides over 2%-November 23rd,2021
America’s Roundup: Dollar hovers close to one-week high, Wall Street closes higher, Gold edges higher, Oil rises 3%, extending rally as Omicron fears retreat-December 8th,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
Europe Roundup: Euro falls to July 2020 lows as Germany's business morale darkens, Gold steadies, oil prices rise despite release of crude from strategic reserve-November 24th,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
Europe Roundup: Sterling holds above 11-month lows on Omicron concerns, European shares gain, Gold ticks higher, Oil rebound as calm returns after Omicron hit-November 29th,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: U.S. dollar gains as Omicron worries ebbs, Wall Street rebounds, Gold eases, Oil pares gains, but ends higher after Friday slump-November 30th,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
•US Sep Building Permits (MoM) -7.7%, 5.6% previous
•US Sep Building Permits 1.589M, 1.680M forecast, 1.721M previous
•US Sep Housing Starts (MoM) -1.6%, 3.9% previous
•US Sep Housing Starts 1.555M, 1.620M forecast, 1.615M previous
•US Redbook (YoY) 15.4%,14.8% previous
•New Zealand GlobalDairyTrade Price Index 2.2% , 0.0% previous
Looking Ahead Economic Data (GMT)
•23:30 Japan Sep Trade Balance -519.2B forecast, -637.2B previous
•23:30 Japan Sep Exports (YoY) 11.0% forecast ,26.2% previous
•01:30 China Sep House Prices (YoY) 4.2% previous
•01:30 China PBoC Loan Prime Rate 3.85% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro strengthened on Tuesday as dollar dipped after data showed that U.S. homebuilding unexpectedly fell in September and permits dropped to a one-year low amid acute shortages of raw materials and labor, supporting expectations that economic growth slowed sharply in the third quarter. The dollar index against a basket of other currencies was last down 0.22% on the day at 93.73, after earlier dropping to 93.50, the lowest since Sept. 28.The euro gained 0.29% to $1.1644.Immediate resistance can be seen at 1.1691 (50%fib), an upside break can trigger rise towards 1.1740(61.8%fib).On the downside, immediate support is seen at 1.1630 (38.2%fib), a break below could take the pair towards 1.1572(23.6%fib).
GBP/USD: Sterling hit a four-week high against the dollar on Tuesday as expectations mount the Bank of England (BoE) will hike interest rates, while the greenback dipped as the rapid rise in U.S. Treasury yields in recent days stabilised.BoE Governor Andrew Bailey on Sunday sent perhaps the clearest signal yet of a pending hike, saying the BoE will have to act to deal with rising energy costs in Britain which threaten a surge in consumer prices. The pound on Tuesday rose 0.6% to $1.3833, a level last seen on Sept. 17. Immediate resistance can be seen at 1.3803(23.6%fib),an upside break can trigger rise towards 1.3838(Higher BB).On the downside, immediate support is seen at 1.3730(38.2%fib), a break below could take the pair towards 1.3665(23.6%fib).
USD/CAD: The Canadian dollar rose to its highest level in more than three months against its broadly weaker U.S. counterpart on Tuesday, before giving up some gains as investors took profits ahead of a key Canadian inflation report on Wednesday. The price of oil, one of Canada's major exports, settled 0.6% higher at $82.96 a barrel as an energy supply crunch continued across the globe. The loonie was trading 0.1% higher at 1.2355 to the greenback, after touching its strongest intraday level since July 6 at 1.2312. Immediate resistance can be seen at 1.2418(38.2%fib), an upside break can trigger rise towards 1.2469(50%fib).On the downside, immediate support is seen at 1.2350 (23.6%fib), a break below could take the pair towards 1.2280 (Lower BB).
USD/JPY: The dollar strengthened against yen on Tuesday as greenback strenthed against yen on expectations of sooner-than-previously expected US interest rate hikes. The greenback reached a one-year high against a basket of other currencies last week as Treasury yields surged and as investors bet the Federal Reserve may need to increase rates to address stubbornly high inflation. The dollar was last trading higher 0.14% against yen at 114.16. 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).
Some positive earnings and defensive buying kept Europe’s main stock index in the black on Tuesday, helping offset losses in Sweden’s Ericsson and French consumer goods giant Danone after downbeat results.
UK's benchmark FTSE 100 closed up by 0.19 percent, Germany's Dax ended up by 0.28 percent, France’s CAC finished the day down by 0.05 percent.
U.S. stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate.
Dow Jones closed up by 0.56% percent, S&P 500 closed up by 0.74 % percent, Nasdaq settled up by 0.71 %percent.
Gold prices pared gains on Tuesday, after rising more than 1% earlier, as their safe-haven appeal took a knock from rising U.S. Treasury yields and upbeat earnings from American companies.
Spot gold was up 0.3% at $1,769.94 per ounce by 1:31 p.m. ET (1731 GMT). It rose as much as 1.2% earlier in the session on a weaker dollar that makes precious metals cheaper for holders of other currencies.
Oil futures rose on Tuesday and were near multi-year highs as an energy supply crunch continued across the globe, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs.
The Brent crude benchmark rose 75 cents to settle at $85.08 a barrel. U.S. West Texas Intermediate (WTI) futures rose 52 cents to settle at $82.96 a barrel.