America’s Roundup: Dollar retreats from 16-month peak as investors assess Fed policy outlook, Gold rises, Oil slips to six-week lows as supply concerns resurface-November 18th,2021
Europe Roundup: Sterling sinks below $1.33 for first time in 2021, European stocks fall,Gold jumps ,Oil tumble on virus variant fears-November 26th,2021
Europe Roundup: Euro rises as dollar eases, investors weigh Omicron impact , European stocks tumble, Gold gains, Oil falls 3% on jitters over vaccine efficacy-30th November,2021
America’s Roundup: Dollar edges higher before U.S. jobs report as Omicron fears ease, Wall Street ends higher, Gold slides, Oil ends higher after a day of wild swings on OPEC, Omicron-December 3rd,2021
Europe Roundup: Euro falls to July 2020 lows as Germany's business morale darkens, Gold steadies, oil prices rise despite release of crude from strategic reserve-November 24th,2021
America’s Roundup: Dollar jumps on Powell renomination, Wall Street retreats, Gold slides over 2%-November 23rd,2021
Europe Roundup: Sterling consolidates above 1.3300 as central bank eyed, European shares gain, Gold gains, Oil climbs over 2% ahead of OPEC meeting amid Omicron concerns-December 1st,2021
America’s Roundup: U.S. dollar gains as Omicron worries ebbs, Wall Street rebounds, Gold eases, Oil pares gains, but ends higher after Friday slump-November 30th,2021
America’s Roundup: Dollar dips on new coronavirus variant fear, Wall Street ends lower,Gold heads for worst week since mid-Jun, Oil settles down $10/bbl in largest daily drop since April 2020-November 27th,2021
Europe Roundup: Sterling edged higher against dollar, European shares gain, Gold eases, Oil rebounds by more than US$1 after Saudi price hike-December 6th,2021
America’s Roundup: Dollar rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
Europe Roundup: Euro dips as lockdown worries resurfaces in Eurozone European stocks slide, Gold steadies, Oil drops below $80 on European COVID concerns-November 19th,2021
Europe Roundup: Euro edges up as investors shrug off a more hawkish Fed, European shares rise, Gold steadies, Oil slips-November 25th,2021
America’s Roundup: Dollar slips below 16-month highs as trade winds down for Thanksgiving, Wall Street ends higher, Gold edges up, Oil dips, focus on OPEC+ response to U.S.-led oil release-November 26th,2021
America’s Roundup: Dollar dips against yen on Omicron fears, Fed policy uncertainty, Wall Street ends lower, Gold rises, Oil steadies, paring gains as rising COVID cases spur demand worries-December 4th,2021
America’s Roundup: Dollar hovers close to one-week high, Wall Street closes higher, Gold edges higher, Oil rises 3%, extending rally as Omicron fears retreat-December 8th,2021
America’s Roundup: Dollar gains as traders assess rate hike prospects, Wall Street ends higher, Gold rises, Oil prices reach multi-year highs on tight supply-October 26th,2021
•Canada Wholesale Sales (MoM) 1.1%,0.3% previous
•US Sep Chicago Fed National Activity-0.13, 0.29 previous
•French 6-Month BTF Auction -0.685%, -0.667% previous
•French 3-Month BTF Auction -0.736%, -0.732% previous
•French 12-Month BTF Auction -0.636% ,-0.629% previous
•US Oct Dallas Fed Mfg Business Index 14.6 ,4.6 previous
•US 6-Month Bill Auction 0.060% ,0.060% previous
• US 3-Month Bill Auction 0.055% ,0.055% previous
Looking Ahead Economic Data (GMT)
•10:30 Japan BoJ Core CPI (YoY) 0.3%
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Monday as traders looked ahead to European Central Bank on Thursday. Investors are waiting to see whether the European Central Bank on Thursday admits that price pressures are too significant to ignore. They will also want an explanation of what that means for its ultra-easy policy stance. Big decisions on the future of the ECB’s pandemic emergency stimulus will wait until December. But with surging energy prices and supply bottlenecks, Thursday’s meeting should be anything but dull. Immediate resistance can be seen at 1.1624 (9DMA), an upside break can trigger rise towards 1.1652 (50%fib).On the downside, immediate support is seen at 1.1587 (23.6%fib), a break below could take the pair towards 1.1500(Psychological level).
GBP/USD: The British pound edged higher on Monday as British currency benefited from expectations that the Bank of England will raise rates. Money markets are pricing in a rate hike by the central bank at its meeting on Nov. 4.However, data from the UK last week was mixed: PMIs rose as the economy unexpectedly regained momentum in October, but retail sales figures were worse than expected, sending the pound lower at the end of the week. At 0812 GMT, the pound was up 0.2% against the dollar at $1.37845, having fallen below $1.38 after the retail sales miss. Immediate resistance can be seen at 1.3779(5DMA), an upside break can trigger rise towards 1.3829(23.6%fib).On the downside, immediate support is seen at 1.3752(38.2%fib), a break below could take the pair towards 1.3691(50%fib).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Monday, as oil gave back its earlier gains and investors weighed the potential for the Bank of Canada to push back against recent moves by the market to price in multiple rate hikes next year. The central bank is due to make an interest rate announcement on Wednesday. It is expected to raise its inflation forecast and to largely end stimulus from its pandemic-era bond buying program. The loonie was trading 0.2% lower at 1.2386 to the U.S. dollar, after trading in a range of 1.2339 to 1.2399. Last Thursday, the currency touched its strongest level in nearly four months at 1.2287. Immediate resistance can be seen at 1.2418(50%fib), an upside break can trigger rise towards 1.2470 (61.8%fib).On the downside, immediate support is seen at 1.2366 (38.2%fib), a break below could take the pair towards 1.2300(23.6%fib).
USD/JPY: The dollar strengthened against yen on Monday as traders looked ahead to tighter U.S. monetary policy even as they bet on the prospect of interest rate hikes happening earlier outside of the United States. Currency markets were broadly quiet at the start of the week with traders awaiting U.S. growth data and central bank meetings in the euro zone, Japan and Canada. The dollar also chalked up gains versus the Japanese yen, rising 0.2% to 113.68 yen .Strong resistance can be seen at 113.85 (38.2%fib), an upside break can trigger rise towards 114.39(23.6%fib).On the downside, immediate support is seen at 113.33(50%fib), a break below could take the pair towards 112.94(61.8%fib).
European stocks closed flat on Monday, as gains in banks and commodity-linked sectors were offset by losses in industrial stocks on rising bond yields, and as the outlook for the telecom sector deteriorated.
UK's benchmark FTSE 100 closed up by 0.25 percent, Germany's Dax ended up by 0.36 percent, France’s CAC finished the day down by 0.31 percent.
U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets.
Dow Jones closed up by 0.25% percent, S&P 500 closed up by 0.54% percent, Nasdaq settled up by 0.90% percent.
U.S. Treasury yields slipped on Monday in choppy trading, weighed down by market uncertainty about when the Federal Reserve would tighten monetary policy in the face of persistently high inflation.
The U.S. yield curve resumed steepening as investors continued to unwind curve flattening bets, which suggested a looming rate hike by the Fed. The spread between U.S. 5-year notes and 30-year bonds widened to 91.4 basis points on Monday, from 87.2 basis points late Friday.
Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week.
Spot gold gained 0.8% to $1,805.90 per ounce by 1:43 p.m. ET (1743 GMT). U.S. gold futures for December delivery settled up 0.6% at $1,806.80 per ounce.