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
America’s Roundup: U.S. dollar dips after U.S. inflation data, Wall Street closes higher, Gold gains,Oil rises 2% on U.S. crude drawdown, weaker dollar-January 13th,2022
America’s Roundup: Dollar hits five-year high versus yen,Wall Street ends mixed, Gold rises, Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike-5th January,202
Europe Roundup: Sterling strengthens against dollar after UK CPI data, European shares gain, Gold off one-week lows, Oil highest since 2014 as Turkey outage adds to tight supply outlook-January 19th,2022
Europe Roundup: Sterling gains against dollar on rate rise bets, European shares rises, Gold inches up, Oil prices steady ahead of OPEC+ meeting-January 4th,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
Europe Roundup: Sterling rises versus dollar,European stocks trades mixed, Gold eases, Oil holds near $85/bbl on stronger demand prospects-January 13th,2022
Europe Roundup: Sterling gains against dollar, European shares edge lower, Gold edges higher, Oil prices slip –January 20th,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 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
Europe Roundup: Sterling drops against dollar, European shares gain, Gold slips, Gold slips from six-week high, Oil gains towards $79 as Omicron impact concerns ease-January 3rd,2022
America’s Roundup: Dollar gains as traders assess Fed rate hike bets Wall Street slips, Gold slips, Oil hit 7-year highs as tight supply bite-January 19th,2022
America’s Roundup: Dollar reverses losses, Wall Street drops, Gold gains, Oil prices edge lower-January 21st,2022
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
Europe Roundup: Sterling edges up against dollar, European shares slip, Gold inches up,Oil price rises as Kazakh turmoil adds to supply worries-January 7th,2022
America’s Roundup: Dollar eases after Powell testimony , Wall Street closes higher, Gold gains, Oil jumps nearly 4% as Omicron impact seen as short-lived-January 12th,2022
America’s Roundup: Dollar recovers in face of Omicron ,Wall Street closes lower, Gold bounces, Oil falls on Omicron variant concerns-November 2nd,2021
•US Nov ADP Nonfarm Employment Change 534K,525K forecast, 571K previous
•Canada Oct Building Permits (MoM) 1.3%,-1.0% forecast, 4.3% previous
•Canada Nov Manufacturing PMI 57.2,57.7 previous
•US Nov Manufacturing PMI 58.3,59.1 previous
•US Oct Construction Spending (MoM) 0.2%,0.4% forecast, -0.5% previous
•US Nov ISM Manufacturing PMI 61.1, 61.0 forecast, 60.8 previous
•US ISM Manufacturing Employment 53.3,52.0 previous
•US Crude Oil Inventories -0.910M, -1.237M forecast, 1.017M previous
•US Cushing Crude Oil Inventories 1.159M, 0.787M previous
Looking Ahead Economic Data (GMT)
•03: 00 Australia Nov AIG Construction Index 57.6 previous
•03: 30 Australia Services PMI 55.0 previous
•06: 00 Japan Nov Services PMI 50.7 previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro dipped against dollar on Wednesday after data showed German factory activity in November dipped. Supply chain problems held back growth in German manufacturing activity for the fourth month running in November, a survey showed on Wednesday, supporting expectations for a weak final quarter for factories in Europe's largest economy.IHS Markit's final Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of Europe's largest economy, fell to 57.4 in November, down from 57.8 in October and the lowest in 10 months. The euro lost 0.2% on the day to $1.1314. Immediate resistance can be seen at 1.1374(50%fib), an upside break can trigger rise towards 1.1400 (Psychological level).On the downside, immediate support is seen at 1.1314(5DMA), a break below could take the pair towards 1.1289(38.2%fib).
GBP/USD: The British pound inched higher on Wednesday but held near a 2021 low versus the U.S. dollar as doubts grew on whether the Bank of England will raise interest rates at a policy meeting this month. The BoE said in November it would probably have to raise rates from its all-time low of 0.1% "over the coming months", but policymakers have sounded increasingly divided on this prospect after a new coronavirus variant was detected. Sterling edged 0.2% higher to $1.33 after falling briefly below $1.32 to a fresh 2021 low in volatile trading on Tuesday.Immediate resistance can be seen at 1.3291(5DMA), an upside break can trigger rise towards 1.3342(38.2%fib).On the downside, immediate support is seen at 1.3262 (23.6%fib), a break below could take the pair towards 1.3204(Daily low).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Wednesday, giving back its earlier gains as a rebound in oil petered out and investor appetite for risk remained fragile. The price of oil, one of Canada's major exports, reversed course after a U.S. official said the country was still considering tools to lower energy prices, and as government data pointed to weaker gasoline demand. U.S. crude oil futures settled 0.9% lower at $65.57 a barrel. The loonie was trading 0.2% lower at 1.2807 to the greenback , after trading in a range of 1.2713 to 1.2828. On Tuesday, it touched a 10-week low at 1.2837. Immediate resistance can be seen at 1.2838(23.6%fib), an upside break can trigger rise towards 1.2896 (20th Sep high).On the downside, immediate support is seen at 1.2774 (38.2%fib), a break below could take the pair towards 1.2721 (50%fib).
USD/JPY: The dollar recovered ground against the Japanese yen on Wednesday as dollar found support in renewed expectations for interest rates hikes. U.S. central bankers in December will discuss whether to end bond purchases a few months earlier than expected, Federal Reserve Chair Jerome Powell said, pointing to a strong economy, stalled workforce growth and high inflation that is expected to last into mid-2022. The dollar's was also was supported after report from the Institute for Supply Management came out showing that U.S. manufacturing activity picked up in November amid strong demand for goods, keeping inflation high as factories continued to struggle with pandemic-related shortages of raw materials. Strong resistance can be seen at 113.10 (38.2% fib), an upside break can trigger rise towards 113.67(23.6%fib).On the downside, immediate support is seen at 112.60(50%fib), a break below could take the pair towards 112.12(61.8%fib).
European shares posted their best session in almost six months on Wednesday, as investors picked up beaten down stocks that were hammered in the past few sessions by fears of the spread of a new and highly infectious strain of the coronavirus.
UK's benchmark FTSE 100 closed up at 1.55 percent, Germany's Dax ended down by 2.47 percent, France’s CAC finished the the day up at 2.39 percent.
Wall Street closed lower on Wednesday after a morning rally faded as investors fretted about the latest coronavirus variant and the first evidence of its U.S. arrival while they also digested Federal Reserve Chair Jerome Powell's comments on surging inflation.
Dow Jones closed down by 1.34 percent, S&P 500 ended down by 1.18 percent, Nasdaq finished the day down by 1.83 percent.
Longer-dated U.S. Treasury yields were little changed after giving up earlier gains on Wednesday as the Omicron coronavirus variant was found in the United States, though short-dated yields stayed higher on chances that the U.S. Federal Reserve will speed up its bond purchase tapering.
Benchmark 10-year yields were little changed on the day at 1.434%, after earlier rising to 1.506%.
Gold rose on Wednesday, tracking a retreat in the dollar as investors used a pullback in the previous session to buy bullion as a hedge against wider market volatility amid concerns over the impact of the Omicron coronavirus variant.
Spot gold was up 0.4% to $1,780.05 per ounce by 2:33 p.m. ET (1933 GMT ).U.S. gold futures settled up 0.4% at $1,784.30.
Oil prices tumble on Wednesday as concerns about the first U.S. case of the Omicron variant and sooner-than-expected interest rate hikes next year by the Federal Reserve turned investor sentiment bearish.
U.S. crude futures fell 61 cents to settle at $65.57 a barrel after earlier trading as much as 4% higher, while global benchmark Brent crude slid 36 cents to settle at $68.87 a barrel.