Europe Roundup: Sterling consolidates above 1.3300 as central bank eyed, European shares gain, Gold gains, Oil climbs over 2% ahead of OPEC meeting amid Omicron concerns-December 1st,2021
Europe Roundup: Sterling edges up amid expectations of BoE tightening in February , European shares hit over 1-week highs, Gold flat, Oil prices climb on easing Omicron fears, Iran delay-December 7th,2021
Europe Roundup: Sterling edged higher against dollar, European shares gain, Gold eases, Oil rebounds by more than US$1 after Saudi price hike-December 6th,2021
America’s Roundup: Dollar retreats from 16-month peak as investors assess Fed policy outlook, Gold rises, Oil slips to six-week lows as supply concerns resurface-November 18th,2021
Europe Roundup: Sterling holds above 11-month lows on Omicron concerns, European shares gain, Gold ticks higher, Oil rebound as calm returns after Omicron hit-November 29th,2021
Europe Roundup: Euro slides as Austria's fourth national COVID-19 lockdown begins, Gold hits 2-week low,Oil slips on COVID-19 curbs in Europe-November 22nd,2021
Europe Roundup: Euro falls to July 2020 lows as Germany's business morale darkens, Gold steadies, oil prices rise despite release of crude from strategic reserve-November 24th,2021
America’s Roundup: Dollar jumps on Powell renomination, Wall Street retreats, Gold slides over 2%-November 23rd,2021
Europe Roundup: Sterling steady as rate hike expectations grow, Gold range-bound, European shares edges higher, Oil near six-week low as China readies crude reserve release-November 18th,2021
Europe Roundup: Sterling drifts higher against dollar, European stocks drop, Gold dips, Oil rises as investors focus on OPEC+ decision amid growing Omicron fears-December 2nd,2021
Europe Roundup: Euro dips as lockdown worries resurfaces in Eurozone European stocks slide, Gold steadies, Oil drops below $80 on European COVID concerns-November 19th,2021
America’s Roundup: Dollar edges higher before U.S. jobs report as Omicron fears ease, Wall Street ends higher, Gold slides, Oil ends higher after a day of wild swings on OPEC, Omicron-December 3rd,2021
Europe Roundup: Euro rises as dollar eases, investors weigh Omicron impact , European stocks tumble, Gold gains, Oil falls 3% on jitters over vaccine efficacy-30th November,2021
America’s Roundup: Dollar rises on hawkish Fed, strong consumer expenditure data, Wall Street ends higher, Gold hits 3-week low, Oil steadies as investors question reserve release-November 25th,2021
America’s Roundup: Dollar steadies near 16-month high, Gold drops to near 3-week low, Oil rises 3% to one-week high after U.S. taps emergency reserves-November 24th,2021
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
America’s Roundup: Dollar vaults to nearly 3-year high vs yen, Wall Street ends lower, Gold slips, Oil settles up 1.5%; hits multi-year highs on surging demand-October 12th,2021
•French 6-Month BTF Auction -0.675%,-0.679% previous
•French 3-Month BTF Auction -0.740%, -0.756% previous
•French 12-Month BTF Auction -0.641%, -0.648% previous
• US Sep CB Employment Trends Index 110.35,110.37 previous
Looking Ahead Economic Data (GMT)
•23:50 Japan Sep Bank Lending (YoY) 0.6% previous
•23:50 Japan Sep PPI (YoY) 5.9% forecast, 5.5% previous
•23:50 Japan Sep PPI (MoM) 0.3% forecast, 1.1% previous
•00:00 Australia HIA New Home Sales (MoM) 5.8% previous
•00:00 Australia Sep NAB Business Survey 14 previous
•00:00 Australia Sep NAB Business Confidence -5 previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro edged lower on Monday as dollar strengthened as investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures . U.S. currency and fixed income markets are closed on Monday for a holiday but the yield on benchmark 10-year Treasuries hit a four-month high of 1.617% on Friday, even after data showed the U.S. economy created the fewest jobs in nine months in September, missing forecasts. The euro was softer at $1.1548, hovering a tad above Wednesday’s low of $1.1529, its weakest since July last year. Immediate resistance can be seen at 1.1573 (50%fib), an upside break can trigger rise towards 1.1591(10DMA).On the downside, immediate support is seen at 1.1541(38.2%fib), a break below could take the pair towards 1.1500(Psychological level).
GBP/USD: Sterling dipped against the dollar on Monday early rally on hawkish BOE comments faded as Brexit resurfaced. Britain and Ireland traded barbs on Sunday after British Brexit negotiator David Frost restated his view that the EU must agree significant change to the Northern Ireland protocol that governs trade and border rules in the province. Sterling dipped 0.2% versus the dollar to $1.3586, after briefly touching a two-week high 1.3677. Immediate resistance can be seen at 1.3615(38.2%fib),an upside break can trigger rise towards 1.3636(21DMA).On the downside, immediate support is seen at 1.3565(Oct 7th low), a break below could take the pair towards 1.3531(23.6%fib).
USD/CAD: The Canadian dollar dipped against its U.S. counterpart on Monday as a dollar rally added to risk aversion spurred by worries about a global energy crunch. Oil and coal shortages have hit several major economies in recent weeks, with factory shutdowns in China. Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China. The dollar rallied on rising bets that the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls. Immediate resistance can be seen at 1.2497(38.2%fib), an upside break can trigger rise towards 1.2563 (23.6%fib).On the downside, immediate support is seen at 1.2442(50%fib), a break below could take the pair towards 1.2391 (61.8%fib).
USD/JPY: The dollar rose to 2-1/2-year high versus the yen on Monday as investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures. Traders shrugged off Friday's mostly lacklustre jobs report, pushing U.S. bond yields higher. The yen, which is known for being particularly sensitive to interest rate differentials, hit 113 yen per dollar for the first time since December 2018.The dollar index, which measures the greenback against a basket of peers, was up 0.054% at 94.215, not far from its one-year high of 94.504 touched earlier this month. Strong resistance can be seen at 113.40(23.6%fib), an upside break can trigger rise towards 114.00(Psychological level).On the downside, immediate support is seen at 112.87(38.2%fib), a break below could take the pair towards 112.44 (50%fib).
A strong rally in mining stocks on Monday boosted an index of European equities, which retraced all losses logged early in the session on worries about inflation and the upcoming earnings season.
UK's benchmark FTSE 100 closed up by 0.72 percent, Germany's Dax ended down by 0.05 percent, France’s CAC finished the day up by 0.16 percent.
U.S. stocks ended a choppy session lower on Monday as investors grew nervous ahead of third-quarter earnings reporting season.
Dow Jones was trading down by 0.72 percent, S&P 500 was trading lower by 0.69 percent, Nasdaq was trading down by 0.64 percent.
Gold prices edged lower on Monday, weighed by a rallying dollar on bets the U.S. Federal Reserve would not put off stimulus tapering, although stagflation expectations limited losses in inflation-hedge bullion.
Spot gold was 0.1% lower at $1,754.54 per ounce by 2:08 p.m. EDT (1808 GMT), while U.S. gold futures settled down 0.1% at $1,755.7.
Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China.
Brent crude rose $1.26, or 1.5%, to settle at $83.65 a barrel. The session high was $84.60, its highest since October 2018.
U.S. West Texas Intermediate (WTI) crude gained $1.17, or 1.5%, to settle at $80.52, after touching its highest since late 2014 at $82.18.