America’s Roundup: Dollar dips after weak U.S. factory production data, Wall Street gains, Gold edges down, Oil prices pull back as U.S. factory data intensifies demand concerns-October 19th,2021
America’s Roundup: Dollar rebounds after improving jobs, housing data, Wall Street gains, Gold edges down, Oil dives, forecast of mild U.S. winter spurs retreat from multi-year highs-October 22nd,2021
America’s Roundup: Dollar dips in choppy trading, Wall Street rises, Gold rises to one-month high, Oil prices rise, as Saudis dismiss supply concerns as demand grows-October 15th,2021
Europe Roundup: Sterling dips after retail sales miss forecasts, European shares rises,Gold gains, Oil stays near $85 a barrel, Brent set for seventh weekly gain-October 22nd,2021
America’s Roundup: Dollar near one-year high,Wall Street surges, Gold dips, Oil eases as U.S. mulls strategic reserve sales-October 8th,2021
Europe Roundup: Euro consolidates ahead of U.S. non-farms payrolls report, European stocks dip, Gold range-bound, Oil climbs on switch from gas and doubts over U.S. releasing reserves-October 8th, 2021
Europe Roundup: Euro dips on dollar advance as traders wait for U.S. jobs data, European shares gains, Gold dips ,Oil holds near 3-year highs after OPEC+ keep tight control of taps-October 5th,2021
Europe Roundup: Sterling hits four-week high vs dollar, European stocks inch up, Gold gains, Oil prices rise on China energy demand concerns-October 19th,2021
Europe Roundup: Sterling dips as risk currencies' rally pauses, European stocks dips,Gold holds firm ,Oil hits multi-year high above $86, then pulls back-October 21st,2021
Europe Roundup: Sterling holds above $1.36 after UK GDP data, European stocks gain, Gold gains, Oil falls on concerns of faltering economic growth to hit demand-October 13th, 2021
Europe Roundup: Sterling steadies as rising interest rate expectations provide support , European shares rally ,Gold ticks lower, Oil extends losses as U.S. mulls strategic reserve sales-October 7th,2021
Europe Roundup: Sterling edges lower against dollar, European stocks edge higher, Gold firms, Oil prices extend gains to multi-year highs on tight supply-October 25th,2021
Europe Roundup: Sterling dips after UK inflation reading, European shares little changed, Gold gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
Europe Roundup: Sterling edges higher after UK jobs data leaves rate bets intact, European shares dips, Gold firms, Oil nears three-year high on energy crunch fears-October 12th,2021
America’s Roundup: Dollar eases from one-year high after US inflation data, Wall Street ends higher, Gold jumps 2% ,Oil eases on profit taking, demand jitters; stays near highest in years-October 14th,2021
Europe Roundup: Euro gains as dollar pauses rally, European shares rise, Gold near one-month peak, Oil prices climb on upgrade to IEA demand forecast-October 14th,2021
Europe Roundup: Euro dips ahead of Thursday’s ECB meeting, European stocks gain, Gold steadies, Oil down after deep Saudi price cuts spur demand concerns-September 6th,2021
•German Jul Factory Orders (MoM) -1.0%forecast, 4.1% previous
•German Aug IHS Markit Construction PMI 47.1 previous
•EU Sep Sentix Investor Confidence 19.7 forecast, 22.2 previous
•UK Aug Construction PMI 56.9 forecast, 58.7 previous
Looking Ahead Economic Data
•13:00 French 12-Month BTF Auction -0.653% previous
•13:00 French 3-Month BTF Auction -0.648% previous
•13:00 French 6-Month BTF Auction -0.665% previous
EUR/USD: The dipped against dollar on Monday as focus turned to European Central Bank policy decision on Thursday. Analysts reckon it is still too early for the ECB to call time on emergency stimulus, but it could agree to slow the pace of its bond buys after euro area inflation surged to a 10-year high at 3% last week. Trading conditions were thin with U.S. markets closed on Monday for a holiday. Immediate resistance can be seen at 1.1867 (38.2%fib), an upside break can trigger rise towards 1.1908(23.6%fib).On the downside, immediate support is seen at 1.1853(5DMA), a break below could take the pair towards 1.1833 (50%fib)
GBP/USD: Sterling slipped on Monday, pulling back from near one-month highs against the dollar and as signs grew that economic gains from post-lockdown reopening were starting to fade.The currency firmed on Friday against the dollar after data showed the United States created far fewer jobs in August than forecast. But subsequent moves have been listless as traders await further cues on the UK economy and the Bank of England’s future policy direction. Immediate resistance can be seen at 1.3841(Daily high),an upside break can trigger rise towards 1.3881 (23.6%fib).On the downside, immediate support is seen at 1.3822(38.2%fib), a break below could take the pair towards 1.3808 (5DMA).
USD/CHF: The dollar strengthened against the Swiss franc on Monday as concerns about slowing global growth boosted its safe-haven appeal. The weak jobs report did not spark a new wave of dollar selling on Monday as the greenback spent much of the London session pushing higher against its rivals, prompting some major currencies including the yen and the Swiss franc to move back to pre-Friday jobs report levels. Immediate resistance can be seen at 0.9160 (9DMA), an upside break can trigger rise towards 0.9192 (23.6%fib).On the downside, immediate support is seen at 0.9138(38.2%fib), a break below could take the pair towards 0.9098 (50%fib).
USD/JPY: The dollar strengthened against yen on Monday as greenback clawed back some of the losses sustained after last week’s poor U.S. jobs report, helped by firmer U.S. Treasury yields in a big week for major central banks. The dollar index, which measures the currency against six rivals, edged 0.1% higher to 92.23, after dipping to 91.941 for the first time since Aug. 4 on Friday, when a closely watched U.S. labour report showed the world’s largest economy created the fewest jobs in seven months in August. Strong resistance can be seen at 110.06(38.2%fib), an upside break can trigger rise towards 110.42(23.6%fib).On the downside, immediate support is seen at 109.78(50%fib), a break below could take the pair towards 109.45(61.8%fib).
European stocks edged towards record levels on Monday, led by gains in technology stocks, as hopes of more economic stimulus bolstered global sentiment.
At (GMT 12:34),UK's benchmark FTSE 100 was last trading up at 0.65% percent, Germany's Dax was up by 0.74 %percent, France’s CAC finished was up by 0.83% percent.
Gold prices steadied near a 2-1/2-month high on Monday after weaker-than-expected U.S. non-farm payrolls data drove expectations that the Federal Reserve may go slow on tapering economic support measures.
Spot gold was little changed at $1,823.59 per ounce by 1128 GMT. On Friday, prices hit their highest since June 16 at $1,833.80.
Oil prices fell on Monday, extending losses after the world's top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand.
Brent crude futures for November fell 49 cents, or 0.67%, to $72.12 per barrel by 1042 GMT.
U.S. West Texas Intermediate crude for October was at $68.82 a barrel, down 47 cents, or 0.68%. Both contracts were down over $1 in earlier trade.