Europe Roundup: Sterling dips after UK inflation reading, European shares little changed, Gold gains, Oil remains near multi-year highs as energy crunch persists-October 20th,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
America’s Roundup: Dollar rebounds after improving jobs, housing data, Wall Street gains, Gold edges down, Oil dives, forecast of mild U.S. winter spurs retreat from multi-year highs-October 22nd,2021
America’s Roundup: Dollar steady after jobs miss as investors bet taper is on track, Wall Street ends lower, Gold pares gains, Oil rises as the energy crunch shows no signs of slowing down-October 9th,2021
America’s Roundup: Dollar vaults to nearly 3-year high vs yen, Wall Street ends lower, Gold slips, Oil settles up 1.5%; hits multi-year highs on surging demand-October 12th,2021
America’s Roundup: Dollar hits one-year high as U.S. yields rise, Wall Street closes lower ,Gold gains, Oil steadies as energy crisis increases volatility-October 13th,2021
America’s Roundup: Dollar eases from one-year high after US inflation data, Wall Street ends higher, Gold jumps 2% ,Oil eases on profit taking, demand jitters; stays near highest in years-October 14th,2021
Europe Roundup: Euro gains as dollar pauses rally, European shares rise, Gold near one-month peak, Oil prices climb on upgrade to IEA demand forecast-October 14th,2021
America’s Roundup: Dollar firms ahead of U.S. jobs data, Wall Street ends sharply higher ,Gold edges down, Oil hits multi-year highs as OPEC+ sticks to output plan-October 6th ,2021
America’s Roundup: Dollar near one-year high,Wall Street surges, Gold dips, Oil eases as U.S. mulls strategic reserve sales-October 8th,2021
Europe Roundup: Sterling falls against dollar, European stocks skid, Gold eases, Oil hits multi-year high on OPEC+ restraint amid global energy crunch-October 6th,2021
America’s Roundup: Dollar gains as energy price surge drives inflation worries , Wall Street rises, Gold firms ,Oil retreats from multi-year highs after U.S. stock build-October 7th,2021
Europe Roundup: Sterling dips after retail sales miss forecasts, European shares rises,Gold gains, Oil stays near $85 a barrel, Brent set for seventh weekly gain-October 22nd,2021
America’s Roundup: Dollar dips as rate hike bets fade, Wall Street dips, Gold trims gains, Oil hovers below recent highs, ends week up-October 23rd,2021
Europe Roundup: Euro falls as stronger U.S. bond yields, dollar weighs, European stocks fall, Gold dips, Oil prices climb as COVID recovery, power generators stoke demand-October 18th, 2021
Europe Roundup: Sterling dips as risk currencies' rally pauses, European stocks dips,Gold holds firm ,Oil hits multi-year high above $86, then pulls back-October 21st,2021
America’s Roundup: Dollar dips on weak U.S. jobs growth, Wall Street mixed, Gold climbs, Oil slips as COVID variant weighs on U.S. jobs-September 4th,2021
• Canada Labor Productivity (QoQ) (Q2) 0.6%,-1.7% previous
• US Aug U6 Unemployment Rate 8.8%,9.2% previous
• US Aug Participation Rate 61.7%,61.7% previous
• US Aug Unemployment Rate 5.2%,5.2% forecast, 5.4% previous
• US Aug Average Hourly Earnings (YoY) (YoY) 4.3%,4.0% forecast, 4.0% previous
• US Aug Average Weekly Hours 34.7,34.8 forecast, 34.8 previous
• US Aug Nonfarm Payrolls 235K, 750K forecast, 943K previous
• US Aug Private Nonfarm Payrolls 243K, 665K forecast, 703K previous
• US Aug Manufacturing Payrolls 37K,25K forecast, 27K previous
• US Aug Average Hourly Earnings (MoM ) 0.6%,0.3% forecast, 0.4% previous
•US Aug Services PMI 55.1, 55.2 previous
•US Aug Markit Composite PMI 55.4,55.4 previous
•US Aug ISM Non-Manufacturing PMI 61.7,61.5 forecast, 64.1 previous
•US Aug ISM Non-Manufacturing Employment 53.7, 53.8 previous
•US ISM Non-Manufacturing Prices 75.4,82.3 previous
•US Aug ISM Non-Manufacturing New Orders 63.2, 63.7 previous
•US Aug ISM Non-Manufacturing Business Activity 60.1,62.8 forecast, 67.0 previous
•US U.S. Baker Hughes Total Rig Count 497,503 previous
•US U.S. Baker Hughes Oil Rig Count 394 ,410 previous
Looking Ahead –Economic Data (GMT)
•No data ahead
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro rose against the dollar on Friday after a much softer than expected U.S. payrolls report that is likely to keep the Federal Reserve on hold in scaling back its massive stimulus measures. Nonfarm payrolls increased by 235,000 in August, well short of the 728,000 forecast by economists in poll, while the unemployment rate dipped to 5.2% from 5.4% in the prior month.The dollar index dropped to a low of 91.941, its lowest level since Aug. 4, and was last down 0.102% at 92.133. Immediate resistance can be seen at 1.1907(23.6%fib), an upside break can trigger rise towards 1.1929(29th June high).On the downside, immediate support is seen at 1.1866(38.2%fib), a break below could take the pair towards 1.1841 (5DMA)
GBP/USD: Sterling rose to a three-week high on Friday after data showed the U.S. economy created the fewest jobs in seven months in August, casting doubt over the timing of the Federal Reserve's plan to scale back its bond buying scheme. Investors had been primed for more than double the 235,000 jobs actually created in August, but rising COVID-19 cases have crimped the economic recovery, further subduing the dollar. At 1500 GMT, the pound was up 0.3% against the dollar at $1.3874 , a level last seen on Aug. 16. Immediate resistance can be seen at 1.3882(23.6%fib),an upside break can trigger rise towards 1.3908 (Higher BB).On the downside, immediate support is seen at 1.3822(38.2%fib), a break below could take the pair towards 1.3778(50%fib).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Friday as weaker-than-expected U.S. jobs data weighed on the greenback. The U.S. dollar lost ground against a basket of major currencies after data showed that U.S. job growth slowed more than expected in August. The data could affect the timing of the Federal Reserve's announcement on when it will start scaling back its massive monthly bond buying program. U.S. crude prices rose 0.1% to $70.08 a barrel, while the Canadian dollar was up 0.1% to trade at 1.2504 per greenback. Immediate resistance can be seen at 1.2522 (Daily high), an upside break can trigger rise towards 1.2577 (38.2%fib).On the downside, immediate support is seen at 1.2488 (23.6%fib), a break below could take the pair towards 1.2453 (Aug 2nd low).
USD/JPY: The dollar declined against yen on Friday after a closely watched U.S. jobs report came in well below expectations. U.S. non-farm payrolls increased by 235,000 jobs last month, far below the 728,000 jobs expected by economists The Federal Reserve has made a labour market recovery a condition for paring back its pandemic-era asset purchases, making the jobs data a major event that sent a wave through markets globally. The Federal Reserve has made a labour market recovery a condition for paring back its pandemic-era asset purchases, making the jobs data a major event that sent a wave through markets globally. Strong resistance can be seen at 109.83(38.2%fib), an upside break can trigger rise towards 109.91(5DMA).On the downside, immediate support is seen at 109.59(38.2%fib), a break below could take the pair towards 109.30(23.6%fib).
European shares extended falls with a widely watched gauge of banking shares briefly dipping 1% on Friday after data showed U.S. jobs growth in August missed estimates, fuelling fears that bets of a robust economic recovery may be overdone.
UK's benchmark FTSE 100 closed down by 0.36 percent, Germany's Dax ended down by 0.37 percent, France’s CAC finished the day down by 1.08 percent.
Wall Street’s main indexes offered mixed performances in the wake of Friday’s disappointing U.S. jobs growth data, which sent the Dow lower on fears about the pace of economic recovery but boosted the tech-heavy Nasdaq as the argument for near-term tapering was weakened.
At (GMT19:28) Dow Jones was last down by 0.13% percent, S&P 500 was last up by 0.02 % percent, Nasdaq was last up by 0.22% percent.
The benchmark U.S. Treasury yield jumped on Friday on fears of rising inflation while equity markets wavered after a weaker-than-expected U.S. jobs report likely pushed back when the Federal Reserve will start to reduce its support for the economy.
Gold advanced more than 1% to its highest in 2-1/2 months on Friday, as a slower-than-expected U.S. jobs growth in August drove the dollar lower, casting doubts on the Federal Reserve’s tapering timeline.
Spot gold was up 1.2% at $1,830.71 per ounce by 1:33 p.m. EDT (1733 GMT), after hitting its highest since mid-June at $1,833.80, on track to a fourth straight weekly gain.U.S. gold futures settled 1.2% higher at $1,833.7.
Oil prices fell on Friday, slipping after a U.S. jobs report indicated a patchy recovery amid the pandemic.
Brent crude futures were down 34 cents to $72.69 a barrel at 1:15 p.m. ET (1715 GMT), while U.S. West Texas Intermediate (WTI) crude futures were down 54 cents at $69.45 a barrel. Both benchmark oil contracts were largely steady for the week.