America’s Roundup: Dollar climbs as Fed expectations remain intact after CPI , Wall Street ends mixed, Gold eases, Oil dips as surprise US crude stockbuild faces supply cuts-September 14th,2023
America’s Roundup: Dollar hit an 11-month high against the Japanese yen, Wall Street gains, Gold subdued, Oil prices settle near flat in choppy trade-September 26th,2023
America’s Roundup: Dollar rebounds as US inflation test nears , Wall Street ends lower, Gold slips , Oil jumps 2% to near 10-month high-September 13th,2023
Europe Roundup: Sterling falls on mixed labour report ,European shares muted ,Gold slips to over two-week low, Oil prices spike on tight supplies-September 12th,2023
America’s Roundup: Dollar eases from 10-month high ,Wall Street ends higher, Gold slides, Oil eases 1%, reversing rally, on profit taking, interest rate worries-September 29th ,2023
America’s Roundup: Dollar index climbs to 10-month high, Wall Street ends mixed, Gold extends slide, Oil climbs 3% as steep US crude stocks draw adds to supply concerns-September 28th,2023
America’s Roundup: Dollar dip after inflation data, Wall Street ends mixed, Gold extended decline,Oil settles lower but ends quarter up 28% on tight global supply-September 30th,2023
America’s Roundup: Dollar climbs on strong US data, Wall Street rallies, Gold hold near 3-week low , Oil rises to highest in 2023 on tight supply expectations-September 15th,2023
America’s Roundup: Dollar heads for eighth straight weekly gain, Wall Street ends higher, Gold firms, Oil prices rise to 9-month high-September 9th,2023
Europe Roundup: Sterling hits fresh multi-month lows on dollar, European shares falls, Gold eases, Oil prices steady as Russia eases fuel export ban-September 25th,2023
Europe Roundup: Sterling hits fresh six-month low against dollar, European shares snap 4-day losing streak, Oil prices climb $1 as markets focus on supply tightness
Europe Roundup : Sterling falls on cooling UK inflation, European shares rise, Gold little changed, Oil falls ahead of Fed rate decision-September 20th,2023
America’s Roundup: Dollar slips ahead of US inflation data, Wall Street advances, Gold firms, Oil prices settle mostly flat ahead of monthly oil forecasts-September 12th,2023
Europe Roundup : Euro edges higher against dollar,European shares slide, Gold slips, Oil prices fall as economic outlook outweighs tight supply-September 26th,2023
Europe Roundup: Sterling snaps 6-day decline but still on track for big monthly drop , European shares slip, Gold holds near 6-month low, Oil edged lower-September 28th,2023
America’s Roundup: Dollar drifts higher as traders look to upcoming Fed decision, U.S. stocks close lower, Gold holds tight range, Oil prices hit highest since November-September 20th,2023
America’s Roundup:U.S. dollar index gains, Wall Street indexes close up, Gold gains, Oil prices sheds 2% a barrel-August 13th,2022
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EUR/USD: The euro declined on Friday as markets digested a new round of hawkish remarks from policy makers at the U.S. Federal Reserve, helping the dollar regain some of its losses from earlier in the week. Market participants have toned down expectations of an aggressive rate hike by the Fed after cooler-than-expected inflation data released earlier this week. However, recent comments by some Fed officials continue to highlight a hawkish tilt. Fed’s Mary Daly said on Thursday that while a half-percentage-point interest rate hike in September makes sense, she is open to the possibility of a bigger hike. The euro was down 0.52% at $1.0255. Immediate resistance can be seen at 1.0322(38.2%fib), an upside break can trigger rise towards 1.0412(23.6%fib).On the downside, immediate support is seen at 1.0247(50%fib), a break below could take the pair towards 1.0217(14DMA).
GBP/USD: Sterling declined against dollar on Friday after data showed Britain's economy contracted in June, even if not by as much as had been feared. The Office for National Statistics said gross domestic product fell by 0.6% in June, the biggest contraction since January 2021 but less severe than the 1.3% drop predicted by a poll of economists. The month unusually contained two bank holidays to celebrate Queen Elizabeth's Platinum Jubilee but most of the drag on GDP in June came from the winding-down of coronavirus-related health services. The pound tumbled 0.58% against the dollar to $1.2131. Immediate resistance can be seen at 1.2153(11DMA), an upside break can trigger rise towards 1.2183(38.2%fib).On the downside, immediate support is seen at 1.2097(50%fib),a break below could take the pair towards 1.2007(61.8%fib).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Friday as oil prices fell, but the currency still notched its biggest weekly gain this year as signs of U.S. inflation peaking eased worries of aggressive tightening by the Federal Reserve. The price of oil, one of Canada's major exports, has also rallied this week but gave back some of those gains on Friday. U.S. crude prices fell 1.8% to $92.62 a barrel.Canada's inflation report for July is due on Tuesday, which could offer clues on the Bank of Canada policy outlook. Money markets expect the central bank to raise rates by an additional half a percentage point in September. The loonie was trading 0.1% lower at 1.2775 to the greenback, easing back from a two-month high on Thursday at 1.2725.Immediate resistance can be seen at 1.2793 (5 DMA), an upside break can trigger rise towards 1.2815 (38.2%fib).On the downside, immediate support is seen at 1.2736(50%fib), a break below could take the pair towards 1.2717 (Lower BB).
USD/JPY: The dollar strengthened against yen on Friday worries over further rate hikes from the U.S. Federal Reserve boosted greenback.U.S. inflation figures on Wednesday and Thursday were lower than expected, boosting riskier assets such as equities and the dollar, as markets interpreted the data as indicating the Fed could be less aggressive in rate hikes. But Fed officials made clear they would continue to tighten monetary policy. San Francisco Federal Reserve Bank President Mary Daly said on Thursday she was open to the possibility of another 75 basis point (bp) hike in September to fight too-high inflation. The yen lost out to the dollar's strength, with the U.S. unit up 0.5% against the Japanese currency at 133.46 . Strong resistance can be seen at 133.54(11DMA), an upside break can trigger rise towards 134.05(38.2%fib).On the downside, immediate support is seen at 132.92(50%fib), a break below could take the pair towards 131.79 (61.8%fib).
European stocks closed higher on Friday, gaining for a third successive session, as soft consumer price and producer price inflation data from the U.S. continued to support sentiment.
The UK's benchmark FTSE 100 was last trade date up by 0.47 percent, Germany's Dax ended up by 0.73 percent, and France’s CAC finished the up by 0.14 percent.
Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P 500 and the Nasdaq to post their fourth straight week of gains..
Dow Jones closed up at 1.27 percent, S&P 500 ended up 1.73 percent, Nasdaq finished the day up by 2.29 percent.
U.S. Treasury yields dipped on Friday after a volatile week as investors evaluated whether an apparent slowdown in inflation increases could reduce the speed of Federal Reserve interest rate hikes.
Benchmark 10-year note yields US10YT=RR dipped five basis points to 2.839%, after reaching 2.902% on Thursday, the highest since July 22. Two-year note yields US2YT=RR fell six basis points to 3.174%.
Gold prices drifted higher on Friday helped by a drop in U.S. Treasury yields and setting the metal on path for a fourth straight week of gains, as investors took stock of the recent inflation data out of the United States.
Spot gold rose 0.5% to $1,798.86 per ounce by 1800 GMT and was headed for a more than 1% weekly rise. U.S. gold futures also settled up 0.5% at $1,815.5.
Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.
Brent crude futures fell $1.45, or 1.5%, to settle at $98.15 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $2.25, or 2.4%, to settle at $92.09 a barrel. Both contracts gained more than 2% on Thursday.
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