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: 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 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 falls as PM Truss defends economic plans, European shares tumble, Gold falls, Oil rises towards $90 as OPEC+ considers output cut-September 29th,2022
America’s Roundup: Dollar rises after unexpected rise in U.S. consumer prices, Wall Street tumbles, Gold dips, Oil dips nearly 1%, reversing earlier gains-September 14th,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 dips ahead of CPI report, Wall Street ends higher, Gold gains , Oil prices settle higher amid supply concerns heading into winter-September 13th,2022
Europe Roundup:Euro jumps on hawkish ECB signals, European shares advances, Gold ticks, Oil prices rise as supply uncertainty mounts-September 12th,2022
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
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
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 scales fresh two-decade peak, Wall Street ends lower, Gold hovers near 2-1/2-year low, Oil prices slide $2/bbl, settle at 9-month lows-September 27th,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: 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 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
Europe Roundup: Euro falls after inflation data, European shares rise,Gold gains, Oil set for weekly gain as OPEC+ considers output cut-September 30th,2022
America’s Roundup: Dollar eases as investors await inflation data for Fed clues, US stocks flat, Gold gains, Oil up nearly 2%, off multi-months low-August 9th,2022
•EU French 12-Month BTF Auction 0.545%, 0.453% previous
•EU French 3-Month BTF Auction 0.053%,0.001% previous
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•US Jul CB Employment Trends Index 117.63, 119.38 previous
•US 3-Month Bill Auction 2.580%, 2.490% 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 on Monday as investors braced for fresh clues after an unexpectedly strong U.S. jobs report supported the case for more big interest rate hikes from the Federal Reserve. Upbeat US jobs data calmed concerns about a recession but raised the chances of a 75-bps rate hike at the September policy meeting. Data showed that non-farm payroll employment spiked by 528,000 jobs in July after surging by an upwardly revised 398,000 jobs in June. The jobless rate unexpectedly slipped to 3.5 percent from 3.6 percent in June. The dollar index, which measures the safe haven currency against a basket of peers, was at 106.43 at (1850 GMT), down 0.2%, compared with Friday's 10-day high of 106.930 . The euro was up 0.1% at $1.0197. Immediate resistance can be seen at 1.0212(38.2%fib), an upside break can trigger rise towards 1.0294(50%fib).On the downside, immediate support is seen at 1.0169(21DMA), a break below could take the pair towards 1.0105(23.6%fib).
GBP/USD: The British strengthened against the dollar on Monday as traders digested last week's Bank of England (BoE) decision and turned their focus to growth figures due on Friday that should give clues on the state of the economy.The data, expected to show a contraction during the quarter, will be released a week after the Bank of England (BoE) said it expects the United Kingdom to enter a recession in the fourth quarter this year and not emerge until 2024. The central bank's outlook was coupled with a half-point interest rate rise to 1.75%, a large increase by the BoE's standards but lower than those of some other global central banks, including the Federal Reserve and Bank of Canada. Immediate resistance can be seen at 1.2099(14DMA), an upside break can trigger rise towards 1.2154(50%fib).On the downside, immediate support is seen at 1.2057(38.2%fib),a break below could take the pair towards 1.2032(23.6%fib).
USD/CAD: The Canadian dollar rallied against its broadly weaker U.S. counterpart on Monday as oil prices rose and investors continued to bet on another oversized interest rate hike by the Bank of Canada despite disappointing Canadian jobs data last week. The price of crude oil, one of Canada's major exports, rebounded from a six-month low it hit on Friday as positive economic data from China and the United States fed hopes for demand . U.S. crude oil futures settled nearly 2% higher a $90.76 a barrel, while the Canadian dollar was trading 0.5% higher at 1.2860 to the greenback. Immediate resistance can be seen at 1.2906 (38.2%fib), an upside break can trigger rise towards 1.3000 (Psychological level).On the downside, immediate support is seen at 1.2840 (50%fib), a break below could take the pair towards 1.2755 (61.8%fib).
USD/JPY: The dollar declined against yen on Monday as dollar pulled back ahead of Wednesday's inflation data to give more clues about the Federal Reserve's next steps. Higher-than-expected U.S. employment figures last week saw the dollar strengthen against major peers because the data was seen by traders as an indication that the Fed could raise interest rates more aggressively to combat inflation. But this move cooled on Monday, with the dollar index slipping to 106.51 by 1035 GMT, down 0.1% on the day, compared with Friday's 10-day high of 106.930 . Strong resistance can be seen at 135.07(5DMA), an upside break can trigger rise towards 136.15(38.2%fib).On the downside, immediate support is seen at 130.33 (50%fib), a break below could take the pair towards 128.33 (61.8%fib).
European shares opened higher on Monday, led by cyclical and growth stocks, after clocking falls in the previous week when a strong U.S. jobs report rekindled bets of another aggressive rate hike by the U.S. Federal Reserve.
The UK's benchmark FTSE 100 closed up by 0.57 percent, Germany's Dax ended up by 0.84 percent, and France’s CAC finished the up by 0.80 percent.
Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it.
Dow Jones closed up by 0.09 percent, S&P 500 ended down 0.12 percent, Nasdaq finished the day down by 0.10 percent.
U.S. Treasury yields dipped on Monday as investors continued to digest an unexpectedly strong jobs report from Friday and before highly anticipated inflation data on Wednesday, which will be scrutinized for how aggressively the Federal Reserve is likely to continue to raise interest rates.
Benchmark 10-year note yields fell to 2.794% on Monday, after getting as high as 2.869% on Friday, the highest since July 22. Two-year yields were last 3.232%, after reaching 3.331% on Friday, the highest since June 16.
Gold prices rose on Monday following a pullback in the dollar and U.S. Treasury yields, while investor focus shifted to U.S. inflation data for clues on the Federal Reserve’s rate hike plan.
Spot gold rose 0.8% to $1,787.39 per ounce by 2:25 p.m. ET (1825 GMT). U.S. gold futures also settled up 0.8% at %1,805.2.
Oil prices rose nearly 2% on Monday in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.
Brent crude futures settled $1.73, or 1.8%, at $96.65 a barrel. U.S. West Texas Intermediate crude was at $90.76 a barrel, up $1.75, or 1.97%.
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