America’s Roundup: Dollar dips in choppy trading, Wall Street rises, Gold rises to one-month high, Oil prices rise, as Saudis dismiss supply concerns as demand grows-October 15th,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
America’s Roundup, Dollar slips against key rivals, Wall Street ends lower,Gold hits over 1-week peak, Oil settles above $81 with OPEC+ sticking to output increase-October 5th,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
America’s Roundup: Dollar gains as traders assess rate hike prospects, Wall Street ends higher, Gold rises, Oil prices reach multi-year highs on tight supply-October 26th,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
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 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 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 steady after jobs miss as investors bet taper is on track, Wall Street ends lower, Gold pares gains, Oil rises as the energy crunch shows no signs of slowing down-October 9th,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
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: Euro dips on dollar advance as traders wait for U.S. jobs data, European shares gains, Gold dips ,Oil holds near 3-year highs after OPEC+ keep tight control of taps-October 5th,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 dips as bonds stabilize, Wall Street ends higher, Gold pares gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
Europe Roundup: Euro gains as dollar pauses rally, European shares rise, Gold near one-month peak, Oil prices climb on upgrade to IEA demand forecast-October 14th,2021
America’s Roundup: Dollar turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,2021
•US Aug CPI Index, n.s.a 273.57,273.80 forecast, 273.00 previous
•US Aug CPI, n.s.a (MoM ) 0.21% ,0.48% previous
•Canada Jul Manufacturing Sales (MoM) -1.5%,-1.2% forecast, 2.1% previous
•US Aug Core CPI Index 279.34, 279.05 previous
•US Aug Core CPI (MoM) 0.1%,0.3% forecast, 0.3% previous
•US Aug CPI (MoM ) 0.3%,0.4% forecast, 0.5% previous
•US Aug Core CPI (YoY) 4.0%, 4.2% forecast, 4.3% previous
•US Real Earnings (MoM) 0.3%, -0.1% previous
•US Redbook (YoY) 15.3%,16.5% previous
•US Aug Cleveland CPI (MoM) 0.3%, 0.3% previous
Looking Ahead –Economic Data (GMT)
•23:50 Australia HIA New Home Sales (MoM) -20.5% previous
•01:30 China Aug House Prices (YoY) 4.6% previous
•02:00 Chinese Aug Industrial Production YTD (YoY) 14.4% previous
•02:00 Chinese Aug Industrial Production (YoY) 5.8% forecast, 6.4% previous
•02:00 Chinese Aug Retail Sales (YoY) 7.0% forecast, 8.5% previous
•02:00 Chinese Aug Fixed Asset Investment (YoY) 9.0% forecast, 10.3% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro edged higher against dollar on Tuesday after data showed a less-than-expected rise in U.S. inflation last month, creating uncertainty about the timing of the Federal Reserve’s tapering of asset purchases. Data on Tuesday showing the U.S. consumer price index, excluding the volatile food and energy components, edged up just 0.1% last month has raised doubts about tapering this year. The dollar index, which measures the greenback against six major rivals, fell up to 0.4% as data showed underlying U.S. consumer prices rose at their slowest pace in six months, creating uncertainty about the Fed's stance on stimulus tapering. Immediate resistance can be seen at 1.1831 (23.6%fib), an upside break can trigger rise towards 1.1865(10th Sep high).On the downside, immediate support is seen at 1.1800(38.2%fib), a break below could take the pair towards 1.1789 (21DMA).
GBP/USD: Sterling reversed course from earlier gains against the dollar on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment. Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. The Labor Department said on Tuesday its Consumer Price Index (CPI) was up just 0.1% last month, compared to an expected increase of 0.3%. Immediate resistance can be seen at 1.3823 (38.2%fib),an upside break can trigger rise towards 1.3886 (23.6%fib).On the downside, immediate support is seen at 1.3778(30DMA), a break below could take the pair towards 1.3772(50%fib).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Tuesday as Wall Street and industrial metal prices fell. Wall Street lost ground as investors looked past lower-than-expected inflation data, focusing instead on economic uncertainties and growing chances of a corporate tax hike. Oil settled one cent higher at $70.46 a barrel but industrial metals fell, weighed down by concerns over the property market in top consumer China. The loonie was trading 0.2% lower at 1.2675 to the greenback, after trading in a range of 1.2600 to 1.2684. Immediate resistance can be seen at 1.2689(Sep 9th high), an upside break can trigger rise towards 1.2781(23.6%fib).On the downside, immediate support is seen at 1.2685 (38.2%fib), a break below could take the pair towards 1.2633 (11DMA).
USD/JPY: The dollar declined against yen on Tuesday after data showed U.S. inflation rose by less than expected, raising renewed questions on when the U.S. central bank will begin tapering its asset purchases. The data showed the rise in U.S. consumer prices slowed to 0.3% in August from 0.5% in July, below the 0.4% a Reuters poll had projected. The inflation data could reinforce the view that the Fed may go slow on unwinding economic support measures and keep interest rates low. The dollar fell 0.4% to 109.61 versus the Japanese yen.Strong resistance can be seen at 109.83(38.2%fib), an upside break can trigger rise towards 110.17(23.6%fib).On the downside, immediate support is seen at 109.59(50%fib), a break below could take the pair towards 109.49(Lower BB).
European shares edged higher at the close after seesawing for most of the session on Monday, as traders swung their attention to the extra injections of support they now expect major central banks to provide following the coronavirus outbreak.
UK's benchmark FTSE 100 closed down by 0.49 percent, Germany's Dax ended up by 0.14 percent, France’s CAC finished the day down by 0.36 percent.
U.S. stock futures rose on Tuesday as data showed underlying consumer prices increased at their slowest pace in six months in August, lending credence to the Federal Reserve’s view that high levels of inflation were transitory.
Dow Jones closed down by 0.84 percent, S&P 500 closed down by 0.57 percent, Nasdaq settled down by 0.43% percent.
Gold hit a one-week high on Tuesday, as the dollar retreated after a slower-than-expected rise in U.S. inflation led to uncertainty over the U.S. Federal Reserve’s timeline to taper monetary stimulus.
Spot gold rose 0.6% to $1,803.69 per ounce by 1835 GMT, and U.S. gold futures settled up 0.7% at $1,807.10 per ounce.
Oil prices ended largely unchanged on Tuesday as tropical storm Nicholas brought heavy rain and power outages in Texas but caused less damage to U.S. energy infrastructure than Hurricane Ida caused earlier this month.
Brent crude settled up 9cents to$73.60 a barrel after hitting a session high of $74.28. U.S. West Texas Intermediate (WTI) crude settled up 1 cent, at $70.46, after touching a high of $71.22.