America’s Roundup: Dollar edges higher after Fed minutes, Wall Street ends lower, Gold dips, Oil rallies even as OPEC+ boosts output, U.S. fuel demand dips-January 6th,2022
America’s Roundup: Dollar gains on safe-haven flows, Fed expectations ,Wall Street ends mixed ,Gold slips, Oil settles higher despite Omicron concerns-December 29th,2021
Europe Roundup: Sterling steadies against dollar, European shares gain, Gold prices edge higher, Oil slips below $80 after OPEC+ output hike decision-5th January, 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
Europe Roundup: Sterling rises to almost 10-week high versus dollar,European stocks rises,Gold gains, Oil rises towards $82 as demand recovery seen on track-11th January,2022
America’s Roundup: Dollar hits one-month high vs yen , Wall street closes up, Gold gains ,Oil settles higher on 2022 demand optimism-January 4th,2021
Europe Roundup: Sterling gains as risk appetite improves, European shares gain, Gold hits more than one-week high, Oil trades at one-month high-December 28th,2021
Europe Roundup: Euro drops below $1.13, Gold slips, Oil prices climb again as U.S. inventories fall-December 29th,2021
America’s Roundup: Dollar rises on U.S. interest rate hike optimism, Wall Street tumbles,Gold eases, Oil prices fall on demand concerns and rising Libyan output-January 11th,2022
Europe Roundup: Sterling gains against dollar on rate appeal, European stocks gains, Gold steadies, Oil steady as rising Libyan output offsets supply worries-January 17th,2022
America’s Roundup: Dollar ticks higher in thin trading, Wall Street closes down, Gold gains, Oil streadies ahead of OPEC+ meeting next week-December 31st,2021
Europe Roundup: Sterling steadies close to its recent highs, European shares gains, Gold retreats, Oil prices shrug off Omicron slump, soar to 2-month highs-January 12th,2022
Europe Roundup: Sterling dips against dollar on hawkish Fed signals , European shares slide, Gold hits one-week low, Oil extends rally on Kazakhstan unrest, Libyan outages-January 6th,2022
America’s Roundup: Dollar falls after U.S. jobs report, Wall Street ends mixed, Gold ticks up, Oil slips, but gains 5% in the week on Kazakh, Libyan concerns-January 8th, 2022
America’s Roundup: Dollar edges down as risk-sensitive currencies advance, U.S. stocks end at record high, Gold on course for weekly gains, Oil prices rise as Omicron fears abate-December 24th,2021
America’s Roundup: Dollar steadies ,Wall Street edges higher, Gold slides to 2-week low, Oil extends rally on Kazakhstan unrest and Libyan outages-January 7th, 2022
America’s Roundup: Dollar falls ahead of U.S. inflation data, Wall Street ends lower, Gold gains, Oil rises on higher demand projections and supply shortages -November 10th,2021
•US Oct Core PPI (YoY) 6.8%,6.8% forecast, 6.8% previous
•US Oct PPI (YoY) 8.6%,8.7% forecast, 8.6% previous
•US Oct PPI (MoM) 0.6%, 0.6% forecast, 0.5% previous
•US Oct Core PPI (MoM) 0.4%,0.5% forecast,0.2% previous
•US Redbook (YoY) 15.6%, 16.9% previous
Looking Ahead Economic Data (GMT)
•23:50 Japan Oct M3 Money Supply 1,999.8T previous
•23:50 Japan Oct M2 Money Stock (YoY)
•05:20 Japan Oct PPI (MoM) 0.4% forecast,0.3 previous
•05:20 Japan Oct PPI (YoY) 7.0% forecast,6.3% previous
•05:20 Japan Sep Core Machinery Orders (MoM) 1.7%forecast,-2.4% previous
•05:30 New Zealand ANZ Business Confidence -13.4 previous
•06:00 Australia Oct Employment Change 50.0K forecast,-138.0Kp revious
•06:00 Australia Oct Unemployment Rate 4.8% forecast,4.6% previous
•06:00 Australia Oct Full Employment Change 26.7K previous
•07:30 China Oct Fixed Asset Investment (YoY) 6.3% forecast,7.3% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Tuesday as German investor morale rose in November. Investor sentiment in Germany rose unexpectedly in November on expectations that price pressures will ease at the start of next year and growth will pick up in Europe's largest economy, a survey showed on Tuesday. The ZEW economic research institute said its economic sentiment index increased to 31.7 from 22.3 points in October. The euro , which had dropped to a 15-month trough of $1.15135 last week, firmed 0.2% to $1.1590. Immediate resistance can be seen at 1.1593 (38.2%fib), an upside break can trigger rise towards 1.1646 (50%fib).On the downside, immediate support is seen at 1.1576 (5DMA), a break below could take the pair towards 1.1545 (Lower BB).
GBP/USD: Sterling was little changed against dollar on Tuesday as fading rate hike expectations continued to weigh on sentiment. Sterling fell sharply after the Bank of England surprised the market by leaving interest rates unchanged last week, while investors bet that policymakers will keep rates on hold for now. Markets are assigning an around 50% probability of a rate hike in December, while before the BoE meeting, they had priced two rate hikes by year-end. The pound flatlined against the dollar by 0820 GMT at $1.357, off a $1.3425 five-week low hit on Friday. Immediate resistance can be seen at 1.3608 (50%fib), an upside break can trigger rise towards 1.3672(61.8%fib).On the downside, immediate support is seen at 1.3546(38.2%fib), a break below could take the pair towards 1.3496(Lower BB).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Tuesday, recovering from its weakest level in four weeks earlier in the session as oil prices rose and investors awaited fresh impetus for direction. The loonie was trading nearly unchanged at 1.2440 to the greenback, or 80.39 U.S. cents, after touching its weakest intraday level since Oct. 12 at 1.2485. The currency has traded in a narrow range around 1.2450 since Friday. The price of oil, one of Canada's major exports, settled 2.7% higher at $84.15 a barrel after the United States lifted travel restrictions and other signs of a global post-pandemic recovery boosted the demand outlook. Immediate resistance can be seen at 1.2482 (50%fib), an upside break can trigger rise towards 1.2537 (61.8%fib).On the downside, immediate support is seen at 1.2428 (38.2%fib), a break below could take the pair towards 1.2364(11 DMA).
USD/JPY: The dollar declined against the Japanese yen on Tuesday as traders awaited inflation figures due in the U.S. to guide the interest rate outlook. U.S. producer prices increased solidly in October, data showed on Tuesday, indicating that high inflation could persist for a while amid tight supply chains related to the pandemic. But traders were holding back on big moves ahead of consumer price index data due on Wednesday. Economists polled see monthly CPI accelerating to 0.4% from the previous month’s 0.2% rise, with the closely watched year-on-year core measure gaining 0.3 percentage point to 4.3% . Strong resistance can be seen at 113.23 (38.2%fib), an upside break can trigger rise towards 113.48(5DMA).On the downside, immediate support is seen at 112.75(50% fib), a break below could take the pair towards 112.33(61.8%fib).
European shares retreated from record highs on Tuesday, although strong corporate earnings and hopes of a recovery kept losses limited as investors awaited fresh cues from economic data due this week.
UK's benchmark FTSE 100 closed down by 0.36 percent, Germany's Dax ended down by 0.04 percent, France’s CAC finished the day down by 0.06 percent.
Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.
Dow Jones closed down by 0.31% percent, S&P 500 closed down by 0.35 % percent, Nasdaq settled down by 0.60% percent.
U.S. Treasury real yields fell sharply on Tuesday as traders hedging against the possibility of rising prices scooped up inflation-linked securities, even as they also bought conventional debt as a low-risk investment.
The benchmark 10-year yield was down 6.3 basis points at 1.4341% in afternoon trading. The yield on the 30-year bond reached as low as 1.795%, the lowest since July, and was last down 6.6 basis points at 1.8218%.
Gold prices climbed to their highest level since early September on Tuesday in tandem with a softer dollar, as investors awaited U.S. inflation data scheduled for later in the week.
Spot gold rose 0.3% to $1,828.74 per ounce by 13:44 p.m. ET (1844 GMT), having earlier recorded its highest since Sept. 3 at $1,831.10. U.S. gold futures settled 0.2% higher at $1,830.80.
Oil prices rose to a two-week high on Tuesday after the United States lifted travel restrictions and other signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight.
Prices rallied after the U.S. Energy Information Administration (EIA) in its Short Term Energy Outlook (STEO) on Tuesday projected retail gasoline prices would decline over the next several months.