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: Sterling languishes near 37-year low vs dollar European shares falls, Gold dips, Oil falls more than 2% on demand fears-September 19th,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: Pound drops more than 1% as Bank of England steps into bond market , European shares slide, Gold slides to 2-1/2 year low, Oil prices stable as soaring dollar offset by U.S. output outages-September 28th,2022
America’s Roundup: Dollar little changed , Wall Street ends mixed, Gold bounces from 2-1/2-year low, Oil rallies from Monday's nine-month lows-September 28th,2022
Europe Roundup: Sterling recovers as BoE, Treasury seek to calm markets , European shares bounce, Gold firms, Oil rises from 9-month low on U.S. Gulf supply cuts-September 27th,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: 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 falls to 37-year low against dollar, European stocks fall, Gold dips, Oil steadies but remains on track for weekly decline-September 16th,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
America’s Roundup: Dollar dips ahead of CPI report, Wall Street ends higher, Gold gains , Oil prices settle higher amid supply concerns heading into winter-September 13th,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 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
America’s Roundup: U.S. dollar gains as Fed reinforces hawkish stance, U.S. stocks end higher, Gold dips, Oil edges up from seven-month low as Russia threatens export halt-September 9th,2022
America’s Roundup: Dollar gains ahead of Fed rate decision,Wall Street falls, Gold retreats, Oil prices down, investors expect big Fed rate hike-September 21st,2022
America’s Roundup: Dollar dips as rate hike bets ease, Wall Street closes down, Gold firms, Oil gains $5 on weaker dollar, tight supplies-July 19,2022
• French 12-Month BTF Auction 0.545% ,0.450% previous
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• French 6-Month BTF Auction 0.076%, 0.037% previous
• US Jul NAHB Housing Market Index 55, 66 forecast, 67 previous
• US 3-Month Bill Auction2.470%, 2.110% previous
• US 6-Month Bill Auction 2.910%,2.685% previous
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EUR/USD: The euro firmed to a one-week high on Monday, benefiting from the dollar's slide after several Federal Reserve officials signaled they would not favor accelerating rate hikes. Fed officials signalled Friday they would likely stick with a 75-basis-point interest rate increase at their July 26-27 meeting, though a recent high inflation reading could still warrant larger increases than anticipated later in the year. Against a basket of currencies , the dollar was 0.48% lower at 107.32. The index closed at a two-decade high of 108.65 on Thursday. The euro firmed 0.6% at $1.0138, having plunged last week below parity to the dollar . Immediate resistance can be seen at 1.0139 (11DMA), an upside break can trigger rise towards 1.0205(38.2% fib).On the downside, immediate support is seen at 1.0062 (5DMA), a break below could take the pair towards 0.9979 (23.6%fib).
GBP/USD: Sterling rose against weakening US dollar on Monday as markets trimmed some of their bets on US Federal Reserve rate hikes, but the British currency's rally was capped by political risks and ongoing recession fears in the UK. The focus will turn to UK data later in the week, with jobs and inflation figures expected on Tuesday and Wednesday, which could give more clues to how the Bank of England will act to try to tame surging inflation. Sterling hit a more than two-year low of $1.1761 on Thursday, but buoyed mainly by dollar weakness, the pound was up 0.6% to $1.1944 after hitting its lowest level since March 2020 would have. Immediate resistance can be seen at 1.1983(14DMA), an upside break can trigger rise towards 1.2044(38.2%fib).On the downside, immediate support is seen at 1.1834(23.6% fib), a break below could take the pair towards 1.1747 (Lower BB).
USD/CAD: The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt climbed. Canadian government 10-year bond yields rose 1.8 basis points to 3.088%. The yield on similar U.S. government benchmark debt rose to 2.9651%. U.S. August crude futures rose $5.01 to settle at $102.6 a barrel on Monday. Canadian housing starts in Junefell, but less than expected, to 273,800 units from a revised 282,200 units the previous month. The loonie was trading 0.5% higher at C$1.2985 to the greenback, after trading in a range of 1.2899 to 1.3029. Immediate resistance can be seen at 1.3052 (23.6%fib), an upside break can trigger rise towards 1.3088(Higher BB).On the downside, immediate support is seen at 1.2944(38.2%fib), a break below could take the pair towards 1.2850 (50%fib).
USD/JPY: The dollar was little changed against the Japanese yen on Monday as the safe-haven dollar nudged down after several Federal Reserve officials signaled they would not favor accelerating rate hikes. The greenback has soared this year thanks to a combination of rising U.S. interest rates and wobbling economies in Europe and China. The Bank of Japan meets on Thursday, too, though no policy changes are expected which could mean more pain for the beleaguered yen, while Japan has struck a lonely figure in pinning interest rates near zero. Strong resistance can be seen at 138.63 (Higher BB), an upside break can trigger rise towards 140.00(Psychological level).On the downside, immediate support is seen at 137.86 (38.2%fib), a break below could take the pair towards 136.97 (11DMA).
European stocks edged higher on Monday ahead of this week's ECB meeting and the expected resumption of an important gas pipeline that is currently closed for maintenance.
UK's benchmark FTSE 100 closed up by 0.90 percent, Germany's Dax ended up by 0.75 percent, France’s CAC finished the day up by 0.93 percent.
Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.
Dow Jones closed down by 0.69% percent, S&P 500 closed down by 0.86% percent, Nasdaq settled down by 0.81% percent.
U.S. bond yields rose on Monday as upbeat economic data last week and a quiet period from the Federal Reserve set the stage for risk taking, but ended below session highs as stocks sold off into the close.
The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 3.7 basis points at 3.172%.
Gold recovered some ground on Monday, lifted by a retreat in the dollar as the market toned down the chances of a 100-basis-point rate hike by the U.S. Federal Reserve next week.
Spot gold was up 0.2% at $1,709.87 per ounce by 1:58 p.m. ET (1758 GMT), after rising 1% earlier in the session. U.S. gold futures settled up 0.4% at $1,710.20.
Oil prices rose more than $5 on Monday, boosted by dollar weakness and expectations that the U.S. Federal Reserve won't raise interest rates by a full percentage point at its next meeting to combat inflation.
Brent crude futures for September settlement gained $5.11, or 5.1%, to settle at $106.27 a barrel, after rising 2.1% on Friday.
U.S. West Texas Intermediate (WTI) crude futures for August delivery settled up $5.01, or 5.1%, at $102.60.
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