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: Euro dips as dollar gains on Fed rate hike bets, European shares falls, Gold falls, Oil prices hit 7-year highs as tight supply bites-January 18th,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: Sterling edges up against dollar, European shares slip, Gold inches up,Oil price rises as Kazakh turmoil adds to supply worries-January 7th,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 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 gains on safe-haven flows, Fed expectations ,Wall Street ends mixed ,Gold slips, Oil settles higher despite Omicron concerns-December 29th,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 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: Dollar extends drop against basket of currencies ,Wall Street rises, Gold slips, Oil edges lower on profit taking, rate hike worries-January 14th,2022
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
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 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
America’s Roundup: Dollar cuts losses after U.S. housing starts data, Wall Street ends lower, Gold jumps 1%, Oil settles up near 7-year highs-January 20th,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
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 up as risk sentiment sours, sterling dips on Brexit fears, Wall Street ends mixed, Gold gains, Oil pulls back amid New York coronavirus curbs, gains for a 6th week-December 12th,2020
•US Nov PPI (YoY) 0.1%,0.8% forecast, 0.5% previous
•US Nov PPI (MoM ) 0.2% forecast, 0.3% previous
•US Nov Core PPI (YoY) 1.4%, 1.5% forecast, 1.1% previous
•US Nov Core PPI (MoM) 0.1%, 0.2% forecast, 0.1% previous
•Canada Capacity Utilization Rate (Q3) 76.5%,77.5% forecast, 70.3% previous
•Russia Oct Trade Balance 6.44B, 8.20B forecast, 10.05B previous
•US Dec Michigan Inflation Expectations 2.3%,2.8% previous
•US Dec Michigan Current Conditions 91.8,87.0 forecast, 87.0 previous
•US Michigan Consumer Sentiment 81.4 ,76.2%, 76.5 forecast, 76.9 previous
•US Michigan Consumer Expectations 91.8, 71.0 forecast, 70.5 previous
•US Michigan 5-Year Inflation Expectations 2.50%, 2.50% previous
•Russia GDP Quarterly (YoY) (Q3) 2.3%, -3.6% forecast, -8.0% previous
Looking Ahead - Economic Data (GMT)
•No data ahead
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged lower against dollar on Friday as tricky Brexit negotiations and uncertainty over U.S. stimulus talks capped euro’s gains. Investors were cautious after British Prime Minister Boris Johnson said on Thursday there was “a strong possibility” Britain and the European Union would fail to strike a trade deal. The euro was taking a breather, down 0.12% against the dollar at 1.2116. The common currency has soared 15% from three-year lows at the height of the March markets panic and has added nearly 2% in two weeks since finally breaking $1.20 after multiple attempts. Immediate resistance can be seen at 1.2160 (23.6%fib), an upside break can trigger rise towards 1.2200 (Psychological level).On the downside, immediate support is seen at 1.2103 (38.2%fib), a break below could take the pair towards 1.2061 (50% fib).
GBP/USD: The pound declined against dollar on Friday as fears that post-Brexit trade deal might not be reached before the end of 2020 weighed on pound. Sterling is under pressure, down about 0.75% at $1.3193 ahead of a weekend of brinkmanship as British and EU negotiators have been told they have until the end of Sunday to decide whether a trade deal is possible. The pound has slipped 1.8% this week as British and European leaders have expressed doubts that they will be able to salvage a deal. Immediate resistance can be seen at 1.3236 (50%fib), an upside break can trigger rise towards 1.3302 (61.8%fib).On the downside, immediate support is seen at 1.3157 (38.2%fib), a break below could take the pair towards 1.3070 (23.6 % fib).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Friday as investors were worried about the risk of a disorderly Brexit and delays over a U.S. fiscal package, with the currency pulling back from a two-and-a-half-year high the day before. The loonie was trading 0.2% lower at 1.2763 to the greenback , after touching on Thursday its strongest intraday level since April 2018 at 1.2702. For the week, the currency was up 0.1%, its fourth straight weekly advance. Immediate resistance can be seen at 1.2760 (50%fib), an upside break can trigger rise towards 1.2792 (61.8%fib).On the downside, immediate support is seen at 1.2730 (38.2%fib), a break below could take the pair towards 1.2693 (23.6%fib).
USD/JPY: The dollar declined against the Japanese yen on Friday as concerns over delayed U.S. fiscal stimulus amid a surge in COVID-19 cases and the increasing likelihood that Britain will exit the European Union without a deal. Sentiment worsened as investors turned attention back to the prospect of more business closures to stem the spread of COVID-19 and continued volatility from Brexit. Another 2,902 U.S. deaths were reported on Thursday, a day after a record 3,253 people died, a pace projected to continue for the next two to three months until a vaccine can be widely distributed. Strong resistance can be seen at 104.23 (38.2%fib), an upside break can trigger rise towards 104.53 (23.6% fib).On the downside, immediate support is seen at 103.93 (50%fib), a break below could take the pair towards 103.65(61.8%fib).
European shares slipped on Friday, ending an action-packed week on a somber note on worries over the economic impact of the resurgent COVID-19 pandemic and the fate of a Brexit trade deal.
UK's benchmark FTSE 100 closed down by 0.80 percent, Germany's Dax ended down by 1.36 percent, France’s CAC finished the day down by 0.76 percent.
The S&P 500 and Nasdaq were lower on Friday, as uncertainty over fresh economic stimulus dented confidence, although strong gains from Walt Disney helped keep the Dow Industrials afloat.
Dow Jones closed up by 0.16 percent, S&P 500 closed down by 0.13 percent, Nasdaq settled down by 0.23 percent.
A risk-off move drove Treasury yields down across maturities on Friday, with the two-year yield falling to a four-month low, furthering speculation that the Federal Reserve may announce adjustments to its Treasury purchases at next week's meeting.
The benchmark 10-year last down by 1.5 basis points at 0.892% and the 30-year was down by 1.4 basis points.
Gold rose on Friday en route to a second straight weekly gain as investors bet on an imminent U.S. COVID-19 relief package.
Spot gold advanced 0.5% to $1,843.54 per ounce at 11:31 a.m. EST (1631 GMT), having earlier dipped as much as 0.6%. U.S. gold futures gained 0.6% to $1,847.40.
Oil prices settled lower on Friday, as demand worries due to new coronavirus-related restrictions on business in New York overshadowed progress toward vaccination programs.
Brent futures settled down 28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high.
U.S. West Texas Intermediate (WTI) crude fell 21 cents, or 0.5%, to $46.57, having risen almost 3% in the previous session.