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 rises for sixth straight session,European shares rally, Gold rises, Oil prices rise ahead of OPEC+ meeting to discuss supply cuts-October 4th,2022
Europe Roundup: Sterling gains against the dollar, European shares dips, Gold ticks up, Oil prices stabilise on IEA demand outlook-September 14th,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: 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 retreats from recent high, Wall Street ends down sharply, Gold little changed, Oil settles lower after hitting $90/bbl as OPEC+ considers output cut-September 30th,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
America’s Roundup: U.S. dollar advances as markets brace for hefty Fed rate hike,Wall Street ends choppy session higher, Gold falls, Oil edges up as supply woes outweigh demand and rate hike worries-September 20th,2022
Europe Roundup: Sterling helped by tax cut U-turn, Gold firms, Oil jumps more than $3 as OPEC+ weighs biggest output cut since 2020-October 3rd,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
America’s Roundup: Dollar retreats, Wall Street closes higher, Gold rallies, Oil jumps about $4 as OPEC+ weighs biggest output-October 4th,2022
America’s Roundup: Dollar dips as U.S. rate hike jitters restrain gains, Wall Street flat, Gold dips , Oil rises 1% on supply concerns, expectations for fuel switching-September 15th,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: U.S. dollar pauses record gains as UK pound stabilizes, Wall Street ends sharply higher, Gold up around 2%, Oil prices jump after U.S. crude, fuel stocks drop-September 29th,2022
Europe Roundup: Euro slides back towards two-decade lows, European shares slip, Gold gains,Oil prices surge as Putin mobilises more troops-September 21st,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 dips as traders assess the impact of a surge in U.S. inflation, Gold gains, Oil gains near $70 a barrel as demand outlook improves-June 1st,2021
•Canada Apr RMPI (YoY) 56.4% ,34.7% previous
•Canada Apr RMPI (MoM) 1.0%, 2.3% previous
•Brazil Apr Budget Balance 30.000B,-44.528B previous
•Canada Apr IPPI (YoY) 14.3%,10.0% previous
•Brazil Apr Budget Surplus 24.300B, 16.750B forecast, 4.981B previous
•Brazil Apr Debt-to-GDP ratio 60.5%, 61.3% previous
•Canada Current Account (Q1) 1.2B, -8.3B forecast, -7.3B previous
• French 12-Month BTF Auction-0.641%, -0.632% previous
•French 3-Month BTF Auction-0.645%. -0.635% previous
Looking Ahead - Economic Data (GMT)
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Looking Ahead - Economic events and other releases (GMT)
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EUR/USD: The euro edged higher against dollar on Monday after Germany’s inflation data ,but gains were limited ahead of broader euro zone data on Tuesday. German inflation in May rose 2.5% year-on-year, the highest since 2011, data showed on Monday, accelerating further above the ECB’s “close to but below 2%” target and above expectations. Trading is was lite with traders in the United Kingdom and United States on public holiday. Focus this week is on the European Union, which is expected soon to reveal details about the funding plan for its coronavirus recovery fund after all member states backed the ratification of a law that will allow the EU to start borrowing on the market. Immediate resistance can be seen at 1.2242 (23.6% fib), an upside break can trigger rise towards 1.2283 (Higher BB).On the downside, immediate support is seen at 1.2183 (38.2% fib), a break below could take the pair towards 1.2135(50%fib).
GBP/USD: Sterling was little changed against dollar on Monday as slew of European and U.S. data this week that will provide a clearer picture on the global economy’s recovery path. The main event of the week will be U.S. payrolls on Friday with median forecasts at 650,000 but the outcome is uncertain following April’s shockingly weak 266,000 gain. Although U.S. inflation data last week was above estimates, another big miss on the jobs front would heap pressure on the Fed to postpone plans to wind down its stimulus. Immediate resistance can be seen at 1.4224 (23.6%fib),an upside break can trigger rise towards 1.4283 (Higher BB).On the downside, immediate support is seen at 1.4162 (5DMA), a break below could take the pair towards 1.4089(38.2%fib).
USD/CAD: The Canadian dollar was little changed against the greenback on Monday, notching its fourth straight monthly gain as oil rose and a recent surge in the administration of COVID-19 vaccines to Canadians bolstered the outlook for the domestic economy. With London and New York markets closed for holidays, the Canadian dollar was trading nearly unchanged at 1.2064 to the greenback, or 82.89 U.S. cents. For May, it was up 1.9%, extending a string of monthly gains that started in February. Canada's GDP data for the first quarter is due on Tuesday and the May jobs report is due on Friday, which could offer clues on the Bank of Canada's policy outlook. Immediate resistance can be seen at 1.2071(5DMA), an upside break can trigger rise towards 1.2142 (38.2%fib).On the downside, immediate support is seen at 1.2039 (23.6%fib), a break below could take the pair towards 1.1997(Lower BB).
USD/JPY: The dollar came under pressure against yen on Monday, as traders assessed the impact of a surge in U.S. inflation before monthly jobs data later this week. In holiday-thinned trade, investors weighed the impact on U.S. assets of rising price pressures and a dovish Fed. Despite rising inflation, markets don't expect a rate hike well into the back end of 2022.The core PCE price index vaulted 3.1% on Friday, the largest annual gain since July 1992, due to a recovery from the pandemic and various supply disruptions. Strong resistance can be seen at 109.91 (Higher BB), an upside break can trigger rise towards 110.26 (23.6%fib).On the downside, immediate support is seen at 109.48 (Daily low), a break below could take the pair towards 109.18(50%fib).
European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains.
Spains IBEX 35 closed down by 0.82 percent , Italy's FTSE MIB closed by 0.00%, France’s CAC finished the day up by 0.57 percent.
U.S. stock markets were closed on Monday due to public holidays.
U.S. Bond markets were closed on Monday due to public holidays.
Gold firmed on Monday and was on course for its biggest monthly jump since July 2020, as the U.S. dollar headed for a second month of decline while growing inflationary pressures also lifted bullion’s appeal.
Spot gold was up 0.3% at $1,907.90 per ounce by 0538 GMT, while U.S. gold futures rose 0.2% to $1,909.50. Spot prices have climbed nearly 7.9% so far this month.
Oil prices firmed on Monday, with Brent trading near $70 a barrel on growing optimism that fuel demand will grow in the next quarter, while investors looked ahead to see how producers will respond at this week's OPEC+ meeting.
Brent crude futures settled up 60 cents, or 0.9%, at $69.32 a barrel, off the a session high of $69.82. U.S. West Texas Intermediate crude rose 0.9% and last traded at $66.91 a barrel.
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