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: Sterling sinks below $1.33 for first time in 2021, European stocks fall,Gold jumps ,Oil tumble on virus variant fears-November 26th,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: 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 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: Euro edges up as investors shrug off a more hawkish Fed, European shares rise, Gold steadies, Oil slips-November 25th,2021
America’s Roundup: Dollar up against safe havens as risk sentiment improves on Omicron news, Wall Street ends higher, Oil settles sharply higher-December 7th,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
America’s Roundup: Dollar dips on new coronavirus variant fear, Wall Street ends lower,Gold heads for worst week since mid-Jun, Oil settles down $10/bbl in largest daily drop since April 2020-November 27th,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
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
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
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
Europe Roundup: Euro little changed ahead of U.S. jobs data, European shares gain, Gold dips, Oil prices climbs-December 3rd, 2021
America’s Roundup: Dollar jumps on Powell renomination, Wall Street retreats, Gold slides over 2%-November 23rd,2021
America’s Roundup: Dollar rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
America’s Roundup: U.S. dollar slips from one-year high after employment data, Wall Street slides, Gold jumps 2%, Oil steadies after report China ready to buy more-October 1st,2021
• US Corporate Profits (QoQ) (Q2) 10.5%,9.7% previous
•US Real Consumer Spending (Q2) 12.0%, 11.9% previous
•US Core PCE Prices (Q2) 6.10%,6.10% forecast, 6.10% previous
•US GDP (QoQ) (Q2) 6.7%, 6.6% forecast, 6.6% previous
•US Initial Jobless Claims 362K, 335K forecast, 351K previous
•US Jobless Claims 4-Week Avg 340.00K, 335.75K previous
•US Continuing Jobless Claims 2,802K,2,800K forecast, 2,845K previous
Looking Ahead - Events, Other Releases (GMT)
•00:30 Japan Sep Manufacturing PMI 51.2 previous
•00:30 Australia Home Loans (MoM) -0.4% previous
•05:00 Japan Sep House hold Confidence 36.7 previous
EUR/USD: The euro declined on Thursday as U.S. dollar strengthened against single despite a rise in U.S. weekly jobless claims . The greenback overall has been supported by the spike in U.S. Treasury yields amid expectations the Federal Reserve will taper its monetary stimulus beginning in November even as global growth slows. The euro fell to $1.1657, its lowest since November 2020. The euro was among the currencies to lose ground, falling below the $1.16 level , the lowest since late July 2020. It last traded down 0.8% at $1.1569.Immediate resistance can be seen at 1.1608 (38.2%fib), an upside break can trigger rise towards 1.1638(50%fib).On the downside, immediate support is seen at 1.1565(23.6%fib), a break below could take the pair towards 1.1500(Psychological level).
GBP/USD: Sterling steadied near a nine month low on Thursday amid concerns about British economic growth with inflation expected to jump as the country grapples with a fuel crisis.Sterling was one of the strongest G10 currencies this year as investors bet the British economy would re-emerge faster from the pandemic thanks to Britain’s speedy vaccination programme. But that narrative has crumbled with sterling erasing all of its strong 2021 gains, down around eight cents since its June peak. Immediate resistance can be seen at 1.3473(38.2%fib),an upside break can trigger rise towards 1.3512(50%fib).On the downside, immediate support is seen at 1.3439(Lower BB), a break below could take the pair towards 1.3412(23.6%fib).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Thursday as oil prices gained and the greenback retreated after downbeat US employment data. Thursday's economic data, dented some of the earlier dollar's strength.U.S. initial jobless claims rose for a third straight week to 362,000 for the period ending Sept. 25, data showed. Economists polled by had forecast 335,000 jobless applications for the latest week. The loonie was last trading nearly unchanged at 1.2678 to the greenback. Immediate resistance can be seen at 1.2685(38.2%fib), an upside break can trigger rise towards 1.2773(23.6%fib).On the downside, immediate support is seen at 1.2659 (30DMA), a break below could take the pair towards 1.2610 (50%fib).
USD/JPY: The dollar retreated from recent high against yen on Thursday as on dismal U.S. weekly jobs numbers weighed on greenback. The number of Americans filing new claims for unemployment benefits increased last week, data showed on Thursday, which could raise concerns that the labour market is softening. Another report confirmed that U.S. economic growth accelerated in the second quarter, at a 6.7% clip, thanks to pandemic relief money from the government, which boosted consumer spending. The dollar hit 112.07 yen, the highest since February 2020. It was last down 0.5% at 111.36 yen, its biggest daily percentage fall since mid-August. Strong resistance can be seen at 111.43(38.2%fib), an upside break can trigger rise towards 120.00(Psychological level).On the downside, immediate support is seen at 111.07(50%fib), a break below could take the pair towards 110.68(61.8%fib).
European stocks ended flat on Thursday as declines in travel and leisure limited gains in miners, while ending the month with falls of over 3% on worries about a slowing global economy and higher inflation.
UK's benchmark FTSE 100 closed down by 0.31 percent, Germany's Dax ended down by 0.68 percent, France’s CAC finished the day up by 0.62 percent.
Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears and budget wrangling in Washington.
Dow Jones closed down by 1.59 percent, S&P 500 closed down by 1.19 percent, Nasdaq settled down by 0.44 % percent.
Gold prices rose more than 2% on Thursday after the dollar fell on dismal U.S. weekly jobs numbers, but recent declines driven by expectations the Federal Reserve will soon start tapering its economic support kept bullion on track for a quarterly drop.
Spot gold was up 1.7% at $1,755.56 per ounce by 1:32 p.m. EDT (1732 GMT), after rising 2.2% to a one-week high earlier in the session. U.S. gold futures settled up 2% at $1,757.
Oil futures were little changed on Thursday as reports China was prepared to buy more oil and other energy supplies to meet growing demand offset price pressure from an unexpected rise in U.S. crude inventories and a strong dollar.
Brent futures for November delivery fell 12 cents, or 0.2%, to settle at $78.52 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 20 cents, or 0.3%, to settle at $75.03.