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: Euro drops below $1.13, Gold slips, Oil prices climb again as U.S. inventories fall-December 29th,2021
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 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 eases after Powell testimony , Wall Street closes higher, Gold gains, Oil jumps nearly 4% as Omicron impact seen as short-lived-January 12th,2022
Europe Roundup: Euro edges higher in thin trade, European steadies, Gold eases, Oil drops as virus concerns linger-December 27th,2021
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
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 edges down as risk-sensitive currencies advance, U.S. stocks end at record high, Gold on course for weekly gains, Oil prices rise as Omicron fears abate-December 24th,2021
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
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
America’s Roundup: Dollar falls after U.S. jobs report, Wall Street ends mixed, Gold ticks up, Oil slips, but gains 5% in the week on Kazakh, Libyan concerns-January 8th, 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
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 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 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 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
• 12:00 Brazil Nov Mid-Month CPI (YoY) 10.73%. 10.65% forecast, 10.34% previous
• 12:00 Brazil Oct Mid-Month CPI (MoM) 1.17% , 0.97% forecast, 1.14% previous
• 12:00 Brazil Sep Current Account (USD) -4.46B, -1.55B forecast, 1.68B previous
• 12:00 Brazil Oct Foreign direct investment (USD) 2.49B forecast, 4.00B forecast, 4.50B previous
• 13:00 Russia Central Bank reserves (USD) 626.3B, 626.2B previous
Looking Ahead Economic Data (GMT)
•23:50 Japan Foreign Bonds Buying 456.3B previous
•23:50 Japan Foreign Investments in Japanese Stocks 164.9B previous
•Australia Oct Retail Sales (MoM) 2.5% forecast, 1.3% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro initially dipped on Thursday but recovered most of the ground as investors kept their focus on messaging from the European Central Bank. The euro was up 0.1% versus the dollar at $1.1209 , a slight recovery. But it has still lost around 3% so far this month, weighed down by expectations that the European Central Bank will be more dovish than the Fed, as well as, more recently, a new wave of COVID-19 restrictions in Europe. A surge in coronavirus infections in Germany and unusually high inflation rates are weighing on consumer morale in Europe's largest economy, a survey showed on Thursday. Immediate resistance can be seen at 1.1258(38.2%fib), an upside break can trigger rise towards 1.1285 (9DMA).On the downside, immediate support is seen at 1.1188(23.6%fib), a break below could take the pair towards 1.1145(Lower BB).
GBP/USD: Sterling fell on Thursday to a fresh 2021 low against the dollar as worries over economic growth outweighed expectations for a Bank of England rate hike. The pound shed 0.1% versus the dollar to $1.3320 at 1644 GMT, and was set for a fifth consecutive daily decline after hitting its lowest level of $1.3307 versus the greenback since December 2020. Recent moves have been largely a reflection of the dollar's appreciation amid expectations that the Federal Reserve will raise interest rates.Immediate resistance can be seen at 1.3356(Daily high), an upside break can trigger rise towards 1.3401(38.2%fib).On the downside, immediate support is seen at 1.3311(23.6%fib), a break below could take the pair towards 1.3261 (Lower BB).
USD/CAD: The Canadian dollar barely moved against its U.S. counterpart on Thursday as oil prices dipped and domestic data showed that payrolls climbed in September. The loonie was trading nearly unchanged at 1.2665 to the greenback , after trading in a range of 1.2640 to 1.2677. The price of oil, one of Canada's major exports, edged lower as investors eyed how major producers respond to the U.S.-led emergency oil release designed to cool the market. U.S. crude prices were down 0.3% at $78.13 a barrel. Canadian payroll employment rose by 91,100 in September, the fourth consecutive monthly increase, Statistics Canada said. Immediate resistance can be seen at 1.2685(38.2%fib), an upside break can trigger rise towards 1.2737(23.6%fib).On the downside, immediate support is seen at 1.2645(50%fib), a break below could take the pair towards 1.2601 (61.8%fib).
USD/JPY: The dollar dipped against the Japanese yen on Thursday but held near recent high on market expectations that the U.S. Federal Reserve will raise rates sooner than other major central banks. Minutes from the Fed's Nov. 2-3 meeting boosted the dollar on Wednesday as they indicated the Fed had become more concerned about rising inflation. Various policymakers said they would be open to speeding up the taper of their bond-buying programme if high inflation held and move more quickly to raise interest rates. But on Thursday the dollar's upward trend which has seen it gain around 2.7% this month paused slightly. Strong resistance can be seen at 115.51 (23.6% fib), an upside break can trigger rise towards 116.00 (Psychological level).On the downside, immediate support is seen at 114.98(38.2%fib), a break below could take the pair towards 114.55 (50% fib).
European shares rose on Thursday as investors bought into defensive sectors such as utilities amid worries about soaring coronavirus cases across the continent.
UK's benchmark FTSE 100 closed up by 0.33 percent, Germany's Dax ended up by 0.25 percent, France’s CAC finished the day up by 0.48 percent.
U.S. stock markets tanked and the Dow Jones Industrials shed more than 800 points on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in the perceived safety of bonds and gold.
Dow Jones closed down by 0.03 percent, S&P 500 closed up by 0.23 percent, Nasdaq settled down by 0.44 % percent.
Gold prices edged up on Thursday buoyed by persistent inflation concerns, with further gains in bullion clipped by expectations that the Federal Reserve may hasten its monetary tightening to tame rising prices.
Spot gold rose 0.12% to $1,790.70 per ounce by 1250 GMT, recovering some ground after slipping to its lowest since Nov. 4 on Wednesday. U.S. gold futures gained 0.4% to $1,791.40.
Oil prices dipped in thin trading on Thursday, the U.S. Thanksgiving holiday, as investors eyed how major producers respond to the U.S.-led emergency oil release designed to cool the market and with OPEC now expecting the release to swell inventories.
Brent crude futures had slipped 8 cents, or 0.1%, to $82.17 a barrel by 1:02 p.m. ET (1802 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.5%, to $78.03 a barrel.