America’s Roundup: Dollar dips in quiet holiday trading, Wall Street ends mixed,Gold steadies,Oil prices edge higher as US oil inventories fall-December 30th,2021
Europe Roundup: Euro drops below $1.13, Gold slips, Oil prices climb again as U.S. inventories fall-December 29th,2021
Europe Roundup: Euro edges higher in thin trade, European steadies, Gold eases, Oil drops as virus concerns linger-December 27th,2021
America’s Roundup: Dollar falls after U.S. jobs report, Wall Street ends mixed, Gold ticks up, Oil slips, but gains 5% in the week on Kazakh, Libyan concerns-January 8th, 2022
America’s Roundup: Dollar edges higher after Fed minutes, Wall Street ends lower, Gold dips, Oil rallies even as OPEC+ boosts output, U.S. fuel demand dips-January 6th,2022
Europe Roundup: Sterling gains against dollar on rate appeal, European stocks gains, Gold steadies, Oil steady as rising Libyan output offsets supply worries-January 17th,2022
Europe Roundup: Euro dips against stronger dollar, European shares slip, Gold dips, Oil prices edge up on Kazakhstan, Libyan supply worries-January 10th,2022
Europe Roundup: Sterling gains against dollar on rate rise bets, European shares rises, Gold inches up, Oil prices steady ahead of OPEC+ meeting-January 4th,2021
Europe Roundup: Sterling rises versus dollar,European stocks trades mixed, Gold eases, Oil holds near $85/bbl on stronger demand prospects-January 13th,2022
Europe Roundup: Sterling steadies close to its recent highs, European shares gains, Gold retreats, Oil prices shrug off Omicron slump, soar to 2-month highs-January 12th,2022
America’s Roundup: Dollar extends drop against basket of currencies ,Wall Street rises, Gold slips, Oil edges lower on profit taking, rate hike worries-January 14th,2022
America’s Roundup: U.S. dollar dips after U.S. inflation data, Wall Street closes higher, Gold gains,Oil rises 2% on U.S. crude drawdown, weaker dollar-January 13th,2022
America’s Roundup: Dollar edges down as risk-sensitive currencies advance, U.S. stocks end at record high, Gold on course for weekly gains, Oil prices rise as Omicron fears abate-December 24th,2021
Europe Roundup: Sterling steadies against dollar, European shares gain, Gold prices edge higher, Oil slips below $80 after OPEC+ output hike decision-5th January, 2022
Europe Roundup: Pound firms, lifted by soothing Omicron news, European shares rise, Oil prices stable as positive COVID news balances curbs-December 23rd,2021
Europe Roundup: Sterling rises to almost 10-week high versus dollar,European stocks rises,Gold gains, Oil rises towards $82 as demand recovery seen on track-11th January,2022
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
•German Oct PPI (MoM) 3.8%,1.9% forecast, 2.3% previous
•UK Oct Retail Sales (MoM) 0.8%,0.5% forecast, -0.2% previous
•UK Oct Public Sector Net Cash Requirement 61.452B,4.688B previous
•UK Oct Public Sector Net Borrowing 18.04B, 21.01B previous
•UK Oct Core Retail Sales (YoY) -1.9%, -3.1% forecast, -2.6% previous
•UK Oct Core Retail Sales (MoM) 1.6%,0.6% forecast, -0.6% previous
•UK Oct Retail Sales (YoY) -1.3%,-2.0% forecast, -1.3% previous
•EU Sep Current Account n.s.a 26.9B,17.6B previous
•EU Sep Current Account 18.7B,13.4B previous
• Italian Sep Industrial Sales (YoY) 15.20%,13.80% previous
•Italian Sep Industrial Sales (MoM) 0.10%, 0.80% previous
Looking Ahead - Events, Other Releases (GMT)
•13:30 Canada Oct New Housing Price Index (MoM) 0.5% forecast, 0.4% previous
•13:30 Canada Sep Retail Sales (MoM) -1.7% forecast, 2.1% previous
•13:30 Canada Sep Core Retail Sales (MoM) -1.0% forecast, 2.8% previous
•13:30 US Oct Building Permits (MoM) -7.8% previous
Looking Ahead - Events, Other Releases (GMT)
•13:45 US Fed Waller Speaks
•17:15 US FOMC Member Clarida Speaks
EUR/USD: The euro declined against dollar on Friday as concerns over the economic damage from fresh COVID-19 lockdowns in Eurozone region weighed on euro. Austria will become the first country in western Europe to reimpose a full COVID-19 lockdown this autumn to tackle a new wave of infections.
Germany's Health Minister Jens Spahn said the coronavirus situation in the country was so grave that a lockdown, including for people who have been vaccinated, cannot be ruled out.The euro has been one of the biggest losers versus the greenback, set to fall around 1% this week. The euro was last down 0.5% on the day at $1.13195. Immediate resistance can be seen at 1.1375(38.2%fib), an upside break can trigger rise towards 1.1429 (50%fib).On the downside, immediate support is seen at 1.1300 (23.6 % fib), a break below could take the pair towards 1.1266(Lower BB).
GBP/USD: The pound declined against the dollar on Friday as worries have mounted that disagreements between Britain and the European Union could trigger trade disruptions hit pound. Britain left the EU last year but has put off implementing some of the border checks between its province of Northern Ireland and EU member Ireland that the bloc says are required under their divorce deal.On Friday, the government's spending watchdog said Britain had been unprepared for a crisis like COVID-19 and was distracted by Brexit. Sterling edged 0.5% lower against greenback aat $1.3436 . Immediate resistance can be seen at 1.3508 (50% fib), an upside break can trigger rise towards 1.3567 (61.8%fib).On the downside, immediate support is seen at 1.3438 (38.2%fib), a break below could take the pair towards 1.3348(23.6%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Friday as a run of strong economic data boosted bets for earlier Federal Reserve interest-rate hikes. U.S. retail sales rose more than expected in October, a report showed Tuesday, building on momentum from last week when data showed consumer prices surging at the highest rate since 1990.St. Louis Fed president James Bullard said on Tuesday that the central bank should tack in a more hawkish direction over its next couple of meetings to prepare in case inflation does not begin to ease. Immediate resistance can be seen at 0.9281(38.2 % fib), an upside break can trigger rise towards 0.9330 (23.6%fib).On the downside, immediate support is seen at 0.9244 (50%fib), a break below could take the pair towards 0.9210(61.8%fib ).
USD/JPY: The dollar declined against the Japanese yen on Friday after a fresh stimulus package was unveiled by Japan's government. Japan unveiled a record $490 billion spending package on Friday to cushion the economic blow from the COVID-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measures and adding strains to its already tattered finances. Spending has ballooned due to an array of payouts including those criticised for being unrelated to the pandemic, such as cash handouts to households with youth aged 18 or below, and will likely lead to additional bond issuance this year. Strong resistance can be seen at 114.30 (38.2% fib), an upside break can trigger rise towards 114.85 (23.6%fib).On the downside, immediate support is seen at 113.85(50%fib), a break below could take the pair towards 113.37 (61.8% fib).
European stocks gave up early gains on Friday as concerns over the economic damage from fresh COVID-19 lockdowns in the region hammered cyclical sectors such as banks and automakers.
At (GMT 11:00 ),UK's benchmark FTSE 100 was last trading down at 0.40 percent, Germany's Dax was down by 0.12 percent, France’s CAC finished was down by 0.24 percent.
Gold edged higher on Friday as rising inflation buoyed its safe-haven appeal, although a stronger dollar and expectations that central banks would hike interest rates kept bullion on course for its first weekly decline in three.
Spot gold rose 0.1% to $1,860.20 per ounce by 0956 GMT. U.S. gold futures gained 0.2% at $1,864.30.
Oil prices dropped below $79 a barrel on Friday as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool energy prices.
Brent crude was down $2.44, or 3%, at $78.80 a barrel by 1110 GMT, its lowest since early October, after earlier rising to as high as $82.24, extending volatility seen on Thursday.
U.S. West Texas Intermediate (WTI) crude for December delivery was down $2.30, or 2.9%, at $76.72 a barrel.