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 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 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
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 gains on global recovery trade, European shares gain, Gold dips, Oil prices slip after China cuts import quotas-December 30th,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 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 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 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 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
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 extends drop against basket of currencies ,Wall Street rises, Gold slips, Oil edges lower on profit taking, rate hike worries-January 14th,2022
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
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
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
America’s Roundup: Dollar slips as investors attention turned to US inflation data, Wall Street closes up, Gold hits 2-month peak, Oil lifted by U.S. spending, as supply concerns weigh-November 9th,2021
•French 12-Month BTF Auction -0.711%,-0.651% previous
•French 3-Month BTF Auction -0.782%,-0.772% previous
•French 6-Month BTF Auction -0.675%,-0.684% previous
•US Oct CB Employment Trends Index 112.23,110.35 previous
Looking Ahead Economic Data (GMT)
•23:40 Japan Oct Bank Lending (YoY) 0.6% previous
•23:40 Japan Sep Current Account n.s.a 1.060T forecast, 1.666T previous
•23:40 Japan Adjusted Current Account 1.04T previous
•05:30 Australia HIA New Home Sales (MoM) 2.3% previous
•05:30 Australia Oct NAB Business Survey 5 previous
•06:00 Australia NAB Business Confidence 13 previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Monday as investors scaled back expectations for aggressive interest rate hikes from major central banks in the face of growing inflationary risks. European Central Bank chief economist Philip Lane told a Spanish newspaper that euro zone inflation will ease next year, becoming the latest ECB official to push back against market rate-hike bets. The euro was a touch higher, up 0.17% at $1.1588. Immediate resistance can be seen at 1.1576 (5DMA), an upside break can trigger rise towards 1.1594 (38.2%fib).On the downside, immediate support is seen at 1.1526 (23.6 % fib), a break below could take the pair towards 1.1502 (Lower BB).
GBP/USD: The pound rose on Monday off five-week lows touched last week against the dollar and euro, clawing back some of the hefty losses fuelled by the ebbing of interest rate bets. Markets are now pricing an interest rate rise at the Bank of England’s December meeting, but uncertainty remains high, after they were wrong-footed last week by policymakers who kept rates on hold at 0.1%. Prior to the BoE meeting, markets had priced two rate hikes by year-end. The pound firmed 0.6% against the weaker dollar at $1.3564, moving off the $1.3425 low hit on Friday. Immediate resistance can be seen at 1.3569 (38.2%fib), an upside break can trigger rise towards 1.3635(61.8%fib).On the downside, immediate support is seen at 1.3508(38.2%fib), a break below could take the pair towards 1.3430(23.6%fib).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Monday as weaker greenback and higher oil prices supported Canadian dollar. The dollar slipped on Monday as investors reassessed rate hike expectations and central banks' tolerance of inflation. Oil prices firmed as the passage of the U.S. infrastructure bill and China's export growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco raised the official selling price for its crude. The Canadian dollar was last trading 0.01% higher at 1.2442 to the greenback. Immediate resistance can be seen at 1.2462(Higher BB), an upside break can trigger rise towards 1.2590 (50%fib).On the downside, immediate support is seen at 1.2439 (38.2%fib), a break below could take the pair towards 1.2389(21 DMA).
USD/JPY: The dollar declined against the Japanese yen on Monday as investors looked ahead to inflation data and monitored commentary from Federal Reserve officials for rate policy clues. U.S. Federal Reserve officials on Monday turned their focus toward interest rate policy with Fed Vice Chair Richard Clarida saying conditions for a rate hike could be met next year with job growth expected to continue and inflation already pushing beyond comfortable levels. The next test of the Fed's wait-and-see approach to inflation will be U.S. CPI data due on Wednesday. Strong resistance can be seen at 113.56(38.2%fib), an upside break can trigger rise towards 113.80(21DMA).On the downside, immediate support is seen at 113.14(50% fib), a break below could take the pair towards 112.70(61.8%fib).
Strength in commodity-linked sectors helped European stocks inch up to a record high close on Monday, although broader gains were stifled by some weak earnings and a lack of any major market cues.
UK's benchmark FTSE 100 closed down by 0.05 percent, Germany's Dax ended down by 0.05 percent, France’s CAC finished the day up by 0.10 percent.
Wall Street stocks ended slightly higher on Monday, rising early after passage of a U.S. infrastructure spending bill but paring gains late as sliding Tesla shares weighed the indexes down.
Dow Jones closed up by 0.29% percent, S&P 500 closed up by 0.09 % percent, Nasdaq settled up by 0.07% percent.
Traders sent most U.S. Treasury yields higher on Monday after Congress passed a $1 trillion infrastructure bill and demand was soft for three-year notes at auction.
The benchmark 10-year yield was up 4.5 basis points at 1.4984%.The two-year U.S. Treasury yield, was up 4.2 basis points at 0.4466%.
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand and the United States said it was weighing options to address high prices.
Brent crude was up 71cents, or 0.83%, at $83.44 a barrel by 2:28 p.m. (1828 GMT), having lost nearly 2% last week. U.S. oil gained 68, or 0.84%, to $81.95 after a 3% fall last week. Both contracts rose by more than $1 a barrel in early trade.
Gold rose to a two-month high on Monday, bolstered by a retreat in the dollar and persistent inflation concerns after key central banks indicated interest rates would remain low in the near term.
Spot gold was up for the third straight session, rising 0.5% to $1,825.64 per ounce by 1:40 p.m. ET (1740 GMT), the highest since Sept. 7. U.S. gold futures settled 0.6% higher at $1,828.