America’s Roundup: Dollar dips as U.S. growth falls in Q2,Wall Street rises, Gold gains, Oil mixed as U.S. gasoline demand rebounds but recessionary fears loom-July 29th,2022
America’s Roundup: Dollar pares gains as some Fed officials show caution on growth,Wall Street ends down, Gold trims losses , Oil edges off low as strong export demand drains U.S. crude stocks-August 18th,2022
Europe Roundup:Euro gains on upbeat Eurozone GDP data, European shares rises, Gold gains,Oil prices rise as chances of OPEC+ supply boost dim-July 29th,2022
Europe Roundup: Euro gains ahead of key U.S. inflation data, European shares dips, Gold flat, Oil drops on Druzhba pipeline news and U.S. inflation expectations-August 10th,2022
Europe Roundup: Sterling edges higher ahead of Thursday's BoE decision , European shares inch higher, Gold rebounds, Oil prices dip ahead of OPEC+ meeting-August 3rd,2022
America’s Roundup: Dollar edges higher as traders await U.S. inflation report, Wall ends lower, Gold ticks up, Oil settles lower as halted Russian pipeline flows appear temporary, demand fears rise-August 10th,2022
America’s Roundup: Dollar jumps vs yen as Fed officials hint more rate hikes coming, Wall Street dips, Gold near 1-month high, Oil edges up ahead of OPEC meeting despite recession worries-August 3rd,2022
Europe Roundup: Sterling loses steam as traders turn to safe-haven currencies, European shares dips, Gold steadies, Oil slips as global demand concerns weigh, OPEC+ meeting eyed-August 2nd,2022
America’s Roundup:U.S. dollar index gains, Wall Street indexes close up, Gold gains, Oil prices sheds 2% a barrel-August 13th,2022
Europe Roundup: Euro dips against dollar ahead of US GDP data, European shares mixed, Gold hits a three-week high, Oil extends gains as risk appetite improves, U.S. inventories fall-July 28th,2022
Europe Roundup: Sterling drifts higher but capped by weak data, European shares gain, Gold ticks up, Oil rises on U.S. inventory drop, Russian gas cuts-July 27th,2022
Europe Roundup: Sterling falls after data showed the UK economy contracted in June, European shares rise, Gold edges lower, Oil prices set for weekly climb, but cloudy outlook caps gains-August 12th,2022
America’s Roundup: Dollar gains after stronger-than-expected payrolls data , Wall Street ends mixed, Gold dips 1%, Oil prices end week on multi-month lows on recession fears, Oil prices end week on multi-month lows on recession fears-August 6th,2022
Europe Roundup: Euro notch up on US inflation data,European shares little changed, Gold subdued,Oil rises as IEA hikes 2022 demand growth forecast-August 11th,2022
Europe Roundup: Sterling edges lower after hot UK inflation data , European shares slide, Gold edges lower, Oil slips to six-month low as recession fears weigh-August 17th,2022
America’s Roundup: Dollar slides as mixed U.S. data highlights uncertain path , Wall Street ends higher, Gold gains, Oil up over $2 per barrel as hopes fade for OPEC+ supply boost-July 30th,2022
Europe Roundup: Euro dips against dollar as markets wait for ECB meeting,European stock dips, Gold gains, Oil falls $2 as Trump surprises with travel ban-March 12th,2020
• EU Jan Industrial Production (YoY) -1.9%,-3.1% forecast, -3.6% previous
• EU Jan Industrial Production (MoM) 2.3%,1.4% forecast, -1.8% previous
• Irish Feb CPI (YoY) 1.1%,1.3% previous
• US Continuing Jobless Claims1,722K, 1,723K forecast, 1,733K previous
• US Feb Core PPI (MoM) -0.3%,0.1% forecast, 0.5% previous
• US Initial Jobless Claims 211K, 218K forecast, 215K previous
• US Feb PPI (MoM) -0.6%,-0.1% forecast,, 0.5% previous
Looking Ahead - Economic Data (GMT)
• 13:00 Russia Central Bank Reserves (USD) 570.0B previous
• 14:30 US Natural Gas Storage -59B forecast, -109B previous
Looking Ahead - Economic events and other releases (GMT)
•13:30 ECB Press Conference
EUR/USD: The euro declined against dollar on Thursday, as markets wait to see how aggressively the European Central Bank will move to combat the coronavirus’ economic shock, following emergency rate cuts in the U.S. and Britain. Investors expect the ECB will cut its main deposit rate by 10 basis points. But it is no certainty since rates are already at a record-low -0.5% and further cuts could hurt bank margins and so squeeze lending. The euro was down 0.34 percent at $1.234. Immediate resistance can be seen at 1.1297 (5 DMA), an upside break can trigger rise towards 1.1406 (Higher BB).On the downside, immediate support is seen at 1.1195 (11 DMA), a break below could take the pair towards 1.1065 (100 DMA).
GBP/USD: Sterling fell against the U.S. dollar on Thursday, weighed down by deepening market turmoil after U.S. President Donald Trump slapped restrictions on travel from Europe. The British currency gave up its hard-earned gains on Wednesday when investors cheered stimulus measures from the Bank of England and the British government, including an interest rate cut and billions of pounds of support for struggling firms. Sterling was last down 0.3% against the dollar at $1.2772. The pound was also down 0.3% versus the euro at 88.26 pence per euro. Immediate resistance can be seen at 1.2730 (23.6% fib), an upside break can trigger rise towards 1.2819 (38.2% fib).On the downside, immediate support is seen at 1.2652 (lower BB), a break below could take the pair towards 1.2600 (Psychological level).
USD/CHF: The dollar dipped against the Swiss franc on Thursday, as safe-haven currencies were in demand after U.S. President Donald Trump banned travel from Europe to stem the coronavirus. The highly infectious disease that virtually shut down most parts of China for much of February is spreading rapidly in Europe and increasingly in the United States. At (GMT 12:16), Greenback dipped 0.78% versus the Swiss franc to 0.9296. Immediate resistance can be seen at 0.9440 (9 DMA), an upside break can trigger rise towards 0.9480 (11 DMA).On the downside, immediate support is seen at 0.9315 (Daily low), a break below could take the pair towards 0.9258 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen on Monday, as Investors were worried how much of an effect economic policies can have after U.S. President Donald Trump took the dramatic step of banning travel from Europe to reduce the impact of the coronavirus. Trump announced on Wednesday the United States will suspend all travel from Europe, except from the United Kingdom, to the United States for 30 days starting on Friday. Investors were worried trade will be affected by the restrictions. Strong resistance can be seen at 105.61 (9DMA), an upside break can trigger rise towards 106.11 (11 DMA).On the downside, immediate support is seen at 102.90 (Lower BB), a break below could take the pair towards 102.00 (Psychological level).
European stock index futures plunged to their lowest since mid-2016 on Thursday as investors worried about the economic shock from dramatic travel restrictions imposed by U.S. President Donald Trump in an attempt to contain the coronavirus.
At (GMT 13:16 ),UK's benchmark FTSE 100 was last trading down at 6.97 percent, Germany's Dax was down by 7.36percent, France’s CAC finished was down by 7.88 percent.
Gold rose on Thursday on worries about the economic impact of the coronavirus as the United States suspended travel from virus-hit Europe, while palladium fell nearly 6% as the pandemic threatened demand for the autocatalyst metal.
Spot gold rose 0.5% to $1,642.46 per ounce by 0854 GMT. U.S. gold futures were unchanged at $1,642.20.
Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
Brent crude was down $2.01, or 5.6%, at $33.78 by around 0930 GMT. U.S. crude was down $1.77, or 5.4%, at $31.21.
Government bond yields in much of the euro area fell on Thursday, before a European Central Bank meeting widely expected to deliver new stimulus measures to help buffer the economy from the shock inflicted by the coronavirus outbreak.
Germany’s 10-year Bund yield fell to -0.78%, keeping Monday’s record low in sight. Italian bonds sold off with other risk assets, pushing 10-year bond yields there up around 7 bps to 1.26%.