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
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 as bonds stabilize, Wall Street ends higher, Gold pares gains, Oil remains near multi-year highs as energy crunch persists-October 20th,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
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 edges lower against dollar, European stocks edge higher, Gold firms, Oil prices extend gains to multi-year highs on tight supply-October 25th,2021
Europe Roundup: Euro eases on firm dollar as Fed seen sticking to taper plans European stocks slip,Gold eases, Oil jumps to multi-year highs on global energy crunch-11th October,2021
Europe Roundup: Sterling holds above $1.36 after UK GDP data, European stocks gain, Gold gains, Oil falls on concerns of faltering economic growth to hit demand-October 13th, 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
Europe Roundup: Sterling hits four-week high vs dollar, European stocks inch up, Gold gains, Oil prices rise on China energy demand concerns-October 19th,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 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 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
Europe Roundup: Sterling edges higher after UK jobs data leaves rate bets intact, European shares dips, Gold firms, Oil nears three-year high on energy crunch fears-October 12th,2021
America’s Roundup: Dollar hits three-week high, driven by recent data ,Wall Street slips, Gold edges lower, Oil falls as storm-hit U.S. supply trickles back into market-September 18th,2021
• US Sep Michigan Current Conditions 77.1, 78.5 previous
• US Sep Michigan Consumer Expectations 67.1, 65.1 previous
• US Sep Michigan Consumer Sentiment 71.0, 72.0 forecast, 70.3 previous
• US Sep Michigan 5-Year Inflation Expectations 2.90%,2.90% previous
• US Sep Michigan Inflation Expectations 4.7%,4.6% previous
• U.S Baker Hughes Total Rig Count 512,497 previous
• U.S Baker Hughes Oil Rig Count 411,394 previous
Looking Ahead –Economic Data (GMT)
•No significant events
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Friday as dollar continued to benefit from better-than-expected U.S. retail sales data released on Thursday that backed expectations for a reduction of asset purchases by the Federal Reserve before the end of the year. The dollar index, a gauge of the greenback's value against six major currencies, rose to 93.094, its highest since late August. It was last up 0.2% at 93.062.The Fed holds a two-day monetary policy meeting next week and is expected to open discussions on reducing its monthly bond purchases, while tying any actual change to U.S. job growth in September and beyond. Immediate resistance can be seen at 1.1746 (38.2%fib), an upside break can trigger rise towards 1.177623.6%fib).On the downside, immediate support is seen at 1.1719(50%fib), a break below could take the pair towards 1.1694 (61.8%fib).
GBP/USD: Sterling hit fresh lows against a broadly stronger dollar on Friday as some investment banks brought forward their forecast for Bank of England rate rise. British retail sales volumes unexpectedly fell last month in their longest streak of declines since current records began, though they remain above pre-pandemic levels. Sterling hit a multi-week high versus the dollar on Tuesday as data showed that underlying U.S. consumer prices increased at their slowest pace in six months in August. Immediate resistance can be seen at 1.3811(38.2%fib),an upside break can trigger rise towards 1.3873 (23.6%fib).On the downside, immediate support is seen at 1.3696(61.8%fib), a break below could take the pair towards 1.3714(Lower BB).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Friday as commodity prices fell and investors adjusted their positions ahead of a Canadian federal election, with the currency losing ground for a second week. Oil, one of Canada's major exports, settled 0.9% lower at $71.97 a barrel, while copper was down 0.7%. The Canadian dollar was trading 0.5% lower at 1.2746 to the greenback , after touching its weakest level since Aug. 23 at 1.2762. For the week, the currency was down 0.4%, adding to its decline from the prior week. Immediate resistance can be seen at 1.2776 (23.6%fib), an upside break can trigger rise towards 1.2830(23rd Aug high).On the downside, immediate support is seen at 1.2686 (38.2%fib), a break below could take the pair towards 1.2617 (50%fib).
USD/JPY: The dollar strengthened against yen on Friday as strong U.S. retail sales data buoyed the dollar. Retail sales rose 0.7% last month. Data for July was revised down to show retail sales declining 1.8% instead of 1.1% as previously reported. Economists polled had forecast retail sales would drop 0.8%. Sales increased 15.1% from a year ago and are 17.7% above their pre-pandemic level. The dollar rose to 109.84 yen, having gained 0.34% on Thursday to rise off Wednesday’s six-week low of 109.11.Strong resistance can be seen at 110.14(23.6%fib), an upside break can trigger rise towards 110.41(Higher BB).On the downside, immediate support is seen at 109.73(50%fib), a break below could take the pair towards 109.42(50%fib).
European stocks fell on Friday, capping their third straight week in the red as the basic resources sector was hit by declines in Anglo American, but news that Britain was mulling easing travel restrictions boosted airlines and hotel groups.
UK's benchmark FTSE 100 closed down by 0.91 percent, Germany's Dax ended down by 1.03 percent, France’s CAC finished the day up by 0.79 percent.
U.S. stocks ended sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID variant, and possible shifts in the U.S. Federal Reserve’s timeline for tapering asset purchases.
Dow Jones closed was last trading down by 0.48 percent, S&P 500 was last down by 0.91 percent, Nasdaq was down by 0.91 percent
U.S. government bond yields edged up on Friday, with the 10-year yield touching a two-month high, as traders look ahead to a busy week of central bank meetings including a key one at the Federal Reserve.
The 10-year yield briefly touched 1.3855%, its highest level since July 14, and was set for a fourth consecutive week of increases, the longest such streak since March.
Gold’s slight rebound on Friday from a sharp selloff in the previous session lost steam as the dollar gained, putting it on course for a second weekly dip with investors focused on the U.S. Federal Reserve’s tapering strategy.
Spot gold was down 0.1% at $1,751.29 per ounce by 1:31 pm EDT (1731 GMT). U.S. gold futures settled 0.3% lower at $1,751.4.
Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
Brent crude futures fell 33 cents to settle at $75.34 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 64 cents to settle at $71.97 a barrel.For the week, Brent was up 3.3% and U.S. crude was up 3.2%, supported bytight supplies due to the hurricane outages.