America’s Roundup: Dollar slips after CPI data as Fed expectations in check, Wall Street ends sharply lower, Gold bounces, Oil up more than 5%, as Russia-EU energy quarrel intensifies-May 12th,2022
America’s Roundup: Dollar index slips from 20-year high, Wall Street ends down, Gold gains, Oil gains 1.5%, posts another weekly rise on supply concerns-May 7th,2022
America’s Roundup: Dollar slips ahead of Fed's policy decision, Wall Street ends higher, Gold prices gain, Oil slides as China lockdowns outweigh proposed EU Russia oil ban-May 4th,2022
Europe Roundup: Pound falls as UK inflation hits 40 year high, European shares inch lower , Gold gains, Oil prices rise on China demand recovery expectations, supply concerns-May 18th,2022
Europe Roundup: Sterling gains on upbeat retail sales data, European shares climb, Gold hits one-week high , Oil steady as oil supply risks meet economic headwinds-May 20th,2022
Europe Roundup: Sterling strengthens against dollar after strong UK jobs data, European shares gain, Gold gains, Oil rises on EU's Russian oil ban effort, demand hopes-May 17th,2022
America’s Roundup: Dollar hits two-decade high, Wall Street ends mixed, Gold retreats, Oil settles mixed amid Beijing lockdown fears, tight supplies-May 13th,2022
Europe Roundup: Euro’s gains fades on bleak German industrial orders, European stocks rally, Gold rises 1%,Oil climbs on supply jitters as EU plans Russian oil ban-May 5th,2022
America’s Roundup: Dollar dips as weak data fans growth fears, Wall Street ends lower ,Gold jumps 1.5%, Oil rebounds from two days of losses in volatile trade-May 20th,2022
America’s Roundup: Dollar gains as inflation jitters return, Wall Street ends sharply lower, Gold erases losses, Oil falls 2.5% as U.S. refiners ramp up output-May 19th,2022
Europe Roundup: Sterling steadies near 21-month low ahead of BoE, Fed, European shares falls,Gold steady, Oil jumps 4% as EU proposes ban on Russian oil-May 4th,2022
Europe Roundup: Euro dips after weak data, European shares dips, Gold slips toward 2-1/2-month lows ,Oil slips on China growth worries, EU weighs Russian crude ban-May 2nd,2022
Europe Roundup: Euro gains as dollar dips ahead of U.S. inflation data, European shares gain, Gold recovers, Oil rises on looming EU Russian oil ban, gas disruption-May 11th,2022
America’s Roundup: Dollar dips as Powell pushes back against 75 bp hike, Wall Street closes with sharp gains, Gold rises 1%, Oil jumps $5 a barrel as EU nears ban on Russian oil-May 5th,2022
Europe Roundup: Sterling falls to new low versus dollar, European stocks slump, Gold dips, Oil slips more than 2% on fears recession may hit demand-May 12th,2022
America’s Roundup: U.S. dollar hits 20-year high as risk aversion dominates, Wall Street ends down, Gold extends decline ,Oil tumbles about 6% as China COVID lockdowns weigh-May 10th,2022
America’s Roundup: Dollar dips in quiet holiday trading, Wall Street ends mixed,Gold steadies,Oil prices edge higher as US oil inventories fall-December 30th,2021
•US Wholesale Inventories (MoM) 1.2%, 1.8% forecast,2.3% previous
•US Nov Goods Trade Balance -97.78B, -89.00B forecast, -83.20B previous
•US Nov Retail Inventories Ex Auto 1.3%,0.5% previous
•US Nov Pending Home Sales (MoM) -2.2%, 0.5%,7.5 previous
•US Gasoline Inventories-0.031M forecast, 5.533M previous
•US Crude Oil Inventories -3.576M,-3.233M forecast, -4.715M previous
Looking Ahead - Economic Data (GMT)
•No data ahead
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro strengthen on Wednesday as investors focused on central banks tapering, while risk sentiment was back amid fading concerns about the economic impact of the Omicron variant. Trading was thin as most traders took time off for Christmas or the end of the year, while optimism that the Omicron coronavirus variant would not derail global economic momentum was the main driver of risk appetite. The euro was up 0.02 percent at $1.1344. Immediate resistance can be seen at 1.1365 (23.6%fib), an upside break can trigger rise towards 1.1379(Higher BB).On the downside, immediate support is seen at 1.1340(38.2%fib), a break below could take the pair towards 1.1318(50%ib).
GBP/USD: Sterling strengthened against dollar on Wednesday as investors looked beyond a surge in Omicron cases and favored riskier currencies. Britain reported a record 129,471 new cases of COVID-19 on Tuesday, a day after Prime Minister Boris Johnson said he would not bring in new restrictions this year to limit the spread of the Omicron coronavirus variant. Investor sentiment has been buoyed in recent days by signs the Omicron variant, while causing a jump in cases to record highs in many countries, is not leading to new, widespread lockdowns. Immediate resistance can be seen at 1.3505(23.6%fib), an upside break can trigger rise towards 1.3538(Higher BB).On the downside, immediate support is seen at 1.3457(5DMA), a break below could take the pair towards 1.3437(38.2%fib).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Wednesday higher oil prices and weaker dollar boosted Canadian dollar across the board. Oil prices rose on Wednesday, after government data showed U.S. crude and fuel inventories fell last week, offsetting concerns that rising coronavirus cases might reduce demand. The loonie was trading higher 0.10 percent at 1.2774 to the greenback , having touched its strongest intraday low at 1.2836. Immediate resistance can be seen at 1.2798 (5DMA), an upside break can trigger rise towards 1.2820 (38.2%fib).On the downside, immediate support is seen at 1.2767 (50%fib), a break below could take the pair towards 1.2717 (61.8%fib).
USD/JPY: The dollar rose higher against the Japanese yen on Wednesday as safe-haven yen fell as investors favoured riskier currencies along with equities. The moves seemed to be linked to recent improved sentiment as many governments resist imposing new, widespread lockdowns, even as the Omicron variant of the coronavirus surges. The Japanese yen touched 115.04 to the dollar, its lowest since late November. While end-of-quarter investor flows were also impacting the currency. Strong resistance can be seen at 115.00 (23.6% fib), an upside break can trigger rise towards 115.35 (Higher BB).On the downside, immediate support is seen at 114.63 (5 DMA), a break below could take the pair towards 114.40 (38.2% fib).
European shares rose for a third straight session in thin holiday trading on Wednesday, hovering near an all-time high hit last month, supported by gains in banks and retail stocks.
UK's benchmark FTSE 100 closed up by 0.66 percent, Germany's Dax ended down by 0.70 percent, France’s CAC finished the day down by 0.27 percent.
The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant.
Dow Jones closed up by 0.25%percent, S&P 500 closed up by 0.14% percent, Nasdaq settled down by 0.10 % percent.
Gold prices steadied on Wednesday as a weaker dollar helped offset pressure from rising U.S. Treasury yields and growing appetite for riskier assets.
Spot gold was flat at $1,804.56 per ounce by 1427 EDT (1927 GMT). U.S. gold futures settled down 0.3% at $1,805.80.
Oil prices rose on Wednesday, after government data showed U.S. crude and fuel inventories fell last week, offsetting concerns that rising coronavirus cases might reduce demand.
Brent crude rose 29 cents to settle at $79.23 a barrel. U.S. West Texas Intermediate (WTI) crude rose 58 cents to settle at $76.56 a barrel.