America’s Roundup: Dollar dips to end trading week but set for weekly gain,Wall Street rallies, Gold falls, Oil jumps 4% as U.S. gasoline prices hit record high-May 14th,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 jumps on ECB rate rise talk, European shares dips, Gold prices firm, Oil rises as supply concerns persist-May 6th, 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 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 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
Europe Roundup: Sterling steadies near June 2020 low, European shares gains, Gold recovers, Oil drops as economic worries, strong dollar weigh-May 10th,2022
America’s Roundup: Dollar rally loses steam,Wall Street ends mixed, Gold set for weekly gain, Oil settles up as supply risks outweigh economic worries-May 21st,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 falls back towards 2017 lows on Russian energy crisis, European shares gain, Gold falls, Oil rises but set for weekly drop as fears of weaker demand limit gains-May 13th,2022
Europe Roundup: Euro holds near five-year low ahead of ECB's Lagarde speech, European shares gain, Gold falls to 2-1/2-month trough, Oil slips on China demand worries, while EU weighs Russia oil ban-May 3rd,2022
America’s Round: Dollar gains ahead Of Fed Meeting, Wall Street ends higher, Gold prices slide 2%, Oil settles up on distillate strength, supply concerns-May 3rd,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 higher in choppy trade as inflation data eyed, Wall Street ends mixed, Gold retreats, Oil settles below $100 a barrel on economic worries, strong dollar-May 11th,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
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 edges higher in thin trade, Wall Street gains, Gold hits over one-week high,Oil prices rise to highest level in a month as Omicron concern eases-28th December, 2021
•US Dec Dallas Fed Mfg Business Index 8.1,11.8 previous
•US 6-Month Bill Auction 0.210%,0.160% previous
•US 3-Month Bill Auction 0.085%,0.075% previous
Looking Ahead - Economic Data (GMT)
•05:00 Japan BoJ Core CPI (YoY) 0.5%,0.6% previous
• 05:00 Japan Nov BoJ Construction Orders (YoY) 2.1% previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro was little changed on Monday as investors focused on central banks’ tapering while trying to assess the potential impact on markets should former ECB boss Mario Draghi leave his job as Italian prime minister in January. Parliament will convene to choose a new Italian president in January, and the former European Central Bank chief is the most favoured candidate. Draghi has signalled he would be willing to become head of state. The euro was up 0.02 percent at $1.1328. Immediate resistance can be seen at 1.1355(Higher BB), an upside break can trigger rise towards 1.1365 (23.6%fib).On the downside, immediate support is seen at 1.1308(50 % fib), a break below could take the pair towards 1.1281 (61.8%fib).
GBP/USD: Sterling was little changed against dollar on Monday as flight cancellations over Christmas revived concerns that the Omicron virus variant could slow down the economy heading into the new year.U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVID-19-related staff shortages, while several cruise ships had to cancel stops after outbreaks aboard. Sterling was last trading up 0.10% at $1.3400. Immediate resistance can be seen at 1.3444(38.2%fib), an upside break can trigger rise towards 1.3511(23.6%fib).On the downside, immediate support is seen at 1.3388(50 %fib), a break below could take the pair towards 1.3335 (61.8%fib).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Monday as expectation that the variant of the Omicron coronavirus would not have a high impact on global economic growth offset easing oil prices. Markets have been volatile this month as rising infections fueled by the new variant have forced countries to reinstate restrictions, although fears about its impact eased after early data suggested Omicron was less severe than the Delta variant. The loonie was trading up 0.07 at 1.2793 to the greenback. Immediate resistance can be seen at 1.2828(38.2%fib), an upside break can trigger rise towards 1.2850(Daily high).On the downside, immediate support is seen at 1.2778(50%fib), a break below could take the pair towards 1.2727 (61.8%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Monday as investors hailed strong U.S. holiday season sales and some grew less fearful about economic damage from the Omicron variant of COVID-19. A Mastercard Inc survey showed a substantial rise in U.S. holiday season retail sales. This fueled investor optimism, boosting dollar and lifting a gauge of stocks across the globe. Strong resistance can be seen at 114.89(23.6%fib), an upside break can trigger rise towards 115.00 (Psychological level).On the downside, immediate support is seen at 114.48 (5DMA), a break below could take the pair towards 114.29(38.2%fib).
European shares steadied in quiet trade on Monday as flight cancellations over Christmas revived concerns that the Omicron virus variant could slow down the economy heading into the new year.
UK's benchmark FTSE 100 closed up by 0.02 percent, Germany's Dax ended up by 0.50 percent, France’s CAC finished the day up by 0.70 percent.
The S&P 500 index closed at a record high on Monday, its fourth straight session of gains, as strong U.S. retail sales underscored economic strength and eased worries from Omicron-driven flight cancellations that hit travel stocks.
Dow Jones closed up by 0.98 percent, S&P 500 closed up by 1.38 percent, Nasdaq settled up by 1.39 % percent.
Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022.
Global benchmark Brent crude rose $2.46, or 3.2%, to settle at $78.60 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.78, or 2.4%, to settle at $75.57 a barrel. The U.S. market was closed on Friday for a holiday.
Gold prices scaled a more than one-week high on Monday, as renewed risks to global economic growth from rising cases of the Omicron coronavirus variant offset pressure from a firmer U.S. dollar.
Spot gold was steady at $1,807.50 an ounce by 13:39 EDT (1839 GMT), after hitting its highest since Dec.17 at $1,813.38 earlier in the session.