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
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: Euro drops below $1.13, Gold slips, Oil prices climb again as U.S. inventories fall-December 29th,2021
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
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 edges up as traders assess Fed rate hike bets,Gold holds ground, Oil climbs as supplies expected to remain tight-January 18th,2022
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
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
Europe Roundup: Euro dips against stronger dollar, European shares slip, Gold dips, Oil prices edge up on Kazakhstan, Libyan supply worries-January 10th,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 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: 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: 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
Europe Roundup: Pound firms, lifted by soothing Omicron news, European shares rise, Oil prices stable as positive COVID news balances curbs-December 23rd,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 rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
•Canada Oct New Housing Price Index (MoM) 0.9% , 0.5% forecast, 0.4% previous
•Canada Sep Retail Sales (MoM) -0.6%,-1.7% forecast, 2.1% previous
•Canada Sep Core Retail Sales (MoM) -0.2%,-1.0% forecast, 2.8% previous
• U.S. Baker Hughes Total Rig Count 563, 556 previous
•U.S. Baker Hughes Oil Rig Count 461, 454 previous
Looking Ahead – Economic Data (GMT)
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Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Friday as concerns over the economic damage from fresh COVID-19 lockdowns in Eurozone region weighed on euro. Austria will become the first country in western Europe to reimpose a full COVID-19 lockdown this autumn to tackle a new wave of infections. Germany’s Health Minister Jens Spahn said the coronavirus situation in the country was so grave that a lockdown, including for people who have been vaccinated, cannot be ruled out.The euro has been one of the biggest losers versus the greenback, set to fall around 1% this week. The euro was last down 0.8% on the day at $1.1297. Immediate resistance can be seen at 1.1327(38.2%fib), an upside break can trigger rise towards 1.1382(50%fib).On the downside, immediate support is seen at 1.1248 (23.6 % fib), a break below could take the pair towards 1.1200(Psychological level).
GBP/USD: The pound declined against the dollar on Friday as fears of a trade disruptions with the European Union hit pound. Britain left the EU last year but has put off implementing some of the border checks between its province of Northern Ireland and EU member Ireland that the bloc says are required under their divorce deal.On Friday, the government's spending watchdog said Britain had been unprepared for a crisis like COVID-19 and was distracted by Brexit. Sterling edged 0.38% lower against greenback at $1.3441. Immediate resistance can be seen at 1.3508 (50% fib), an upside break can trigger rise towards 1.3567 (61.8%fib).On the downside, immediate support is seen at 1.3438 (38.2%fib), a break below could take the pair towards 1.3348(23.6%fib).
USD/CAD The Canadian dollar fell versus its U.S. counterpart on Friday, touching a seven-week low as concerns over surging COVID-19 infections in Europe battered riskier currencies, but the loonie reversed some losses after better-than-expected retail sales numbers. The price of oil, one of Canada's main exports, fell sharply on Friday toward $78 a barrel as the fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery. The Canadian dollar dropped 0.37% to 1.2648 against the greenback, or 79.06 U.S. cents, and earlier traded as low as 1.2662, its weakest since Oct. 1. Immediate resistance can be seen at 1.2642(Higher BB), an upside break can trigger rise towards 1.2666(23.6%fib).On the downside, immediate support is seen at 1.2612 (38.2%fib), a break below could take the pair towards 1.2569 (50%fib).
USD/JPY: The dollar declined against the Japanese yen on Friday as investors sought safe havens after Austria said it would be the first country in Western Europe to reimpose a full lockdown amid surging COVID-19 infections and Germany said it could follow suit. On top of a lockdown, Austria said it will require all its citizens to be vaccinated against COVID-19 from Feb. 1, while Germany's health minister cautioned lockdown restrictions could return there. The Japanese yen strengthened following Austria's lockdown announcement, and was up 0.22% versus the dollar at 114.00 yen. Strong resistance can be seen at 114.30 (38.2% fib), an upside break can trigger rise towards 114.85 (23.6%fib).On the downside, immediate support is seen at 113.85(50%fib), a break below could take the pair towards 113.37 (61.8% fib).
European stocks ended in the red on Friday, clocking their first weekly decline in seven weeks on concerns over the economic damage from fresh COVID-19 lockdowns in the region that hammered cyclical sectors such as banks and automakers.
UK's benchmark FTSE 100 closed down by 0.45 percent, Germany's Dax ended down by 0.38 percent, France’s CAC finished the day down by 0.42 percent.
The Nasdaq Composite Index (.IXIC) closed above 16,000 points for the first time on Friday, in its second-straight record finish powered by technology stocks, while pandemic jitters sent the Dow to its fourth losing session in the last five.
Dow Jones closed down by 0.75 percent, S&P 500 was last up by 0.14 percent, Nasdaq was up by 0.40% percent.
Long-dated U.S. Treasury yields tumbled on Friday as concerns about new lockdowns related to the spread of COVID-19 in Europe increased demand for safe-haven bonds, though the move was likely exaggerated by low liquidity.
Benchmark 10-year notes last yielded 1.538%, down five basis points on the day, after dropping as low as 1.515%. the lowest since Nov. 10 the move was likely exaggerated by low liquidity.
Gold prices fell to a one-week low on Friday, weighed down by gains in the dollar after Federal Reserve Governor Christopher Waller called for early tapering of economic support to help chart a tighter monetary policy.
Spot gold fell 0.6% to $1,848.05 per ounce by 14:42 ET (1942 GMT). U.S. gold futures settled 0.5% lower at $1,851.60.
Oil prices fell about 3% to below $80 a barrel on Friday as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices.
Brent futures for January fell $2.35, or 2.9%, to settle at $78.89 a barrel.U.S. West Texas Intermediate (WTI) crude for December fell $2.91, or 3.6%, to $76.10.