Europe Roundup: Sterling strengthens against dollar after strong UK jobs data, European shares gain, Gold gains, Oil rises on EU's Russian oil ban effort, demand hopes-May 17th,2022
America’s Roundup: Dollar rally loses steam,Wall Street ends mixed, Gold set for weekly gain, Oil settles up as supply risks outweigh economic worries-May 21st,2022
America’s Roundup: Dollar higher in choppy trade as inflation data eyed, Wall Street ends mixed, Gold retreats, Oil settles below $100 a barrel on economic worries, strong dollar-May 11th,2022
Europe Roundup: Euro gains as dollar dips ahead of U.S. inflation data, European shares gain, Gold recovers, Oil rises on looming EU Russian oil ban, gas disruption-May 11th,2022
Europe Roundup: Euro slips from one-month high vs dollar, Gold falls, Oil prices edge higher on tight supply, firmer demand expectations-May 25th,2022
Europe Roundup: Sterling dips on worsening global risk sentiment, European shares slip ,Gold prices dips, Oil prices fall on China's weak economic data-May 16th,2022
Europe Roundup: Euro falls back towards 2017 lows on Russian energy crisis, European shares gain, Gold falls, Oil rises but set for weekly drop as fears of weaker demand limit gains-May 13th,2022
America’s Roundup: Dollar slips from 2-decade highs, Wall Street ends mixed, Gold ticks up, Oil settles higher on demand optimism, gasoline strength-May 17th,2022
Europe Roundup: Sterling falls after downbeat UK PMI data, European shares slide,Gold gains, Oil drops on recession fears and China COVID curbs- May 24th,2022
Europe Roundup: Sterling heads for second weekly gain, European shares rise, Gold prices gains, Oil on track for weekly rise amid global supply concerns-May 27th,2022
America’s Roundup: Dollar slides for second week, Wall Street rallies, Gold prices edge up, Oil settles up ahead of U.S. driving season, EU embargo decision-May 28th,2022
America’s Roundup: U.S. dollar hits 20-year high as risk aversion dominates, Wall Street ends down, Gold extends decline ,Oil tumbles about 6% as China COVID lockdowns weigh-May 10th,2022
America’s Roundup: Dollar rally stalls as risk appetite returns, Wall Street ends higher, Gold slips, Oil falls 2% on Powell comments, hopes for Venezuela supply-May 18th,2022
America’s Roundup: Dollar hits two-decade high, Wall Street ends mixed, Gold retreats, Oil settles mixed amid Beijing lockdown fears, tight supplies-May 13th,2022
Europe Roundup: Sterling falls to fresh lows against dollar, European shares slide, Gold slips 1%, Oil prices fall, weighed down by dollar, China lockdowns-May 9th,2022
America’s Roundup: Dollar extends slide, Wall Street rallies, Gold gains, Oil settles nearly flat, recession worry vies with higher demand outlook-May 24th,2022
Europe Roundup: Euro dips as safety flows extend dollar rally ahead of Fed, European shares slide,Gold little changed, Oil falls below $75 on risk-averse mood, U.S. Gulf output-September 20th,2021
•German Aug PPI (YoY) 12.0%, 11.4%forecast 10.4% previous
•German Aug PPI (MoM) 1.5%, 0.8% forecast, 0.19 % previous
•Greek Jul Current Account (YoY) 0.538B, -1.338B previous
Looking Ahead Economic Data (GMT)
•13:00 French 6-Month BTF Auction-0.675% previous
•13:00 French 3-Month BTF Auction -0.651% previous
•13:00 French 12-Month BTF Auction -0.649% previous
•14:00 US Sep NAHB Housing Market Index 74 forecast, 75 previous
•15:30 US 3-Month Bill Auction 0.040% previous
•15:30 US 6- Month Bill Auction 0.050% previous
Looking Ahead - Events, Other Releases (GMT)
•11:35 ECB's Schnabel Speaks ECB's Schnabel Speaks
EUR/USD: The euro declined against dollar on Monday as dollar firmed ahead of a week packed with global central bank meetings. Ahead this week, no fewer than a dozen central banks hold meetings, but traders' top focus is on the Fed where expectations for a tapering signal are keeping the dollar bid.The Fed concludes a two-day meeting on Wednesday and consensus is that it will stick with broad plans for tapering this year but will hold off providing details or a timeline for a at least a month. Immediate resistance can be seen at 1.1738 (50%fib), an upside break can trigger rise towards 1.1771(61.8%fib).On the downside, immediate support is seen at 1.1697(38.2%fib), a break below could take the pair towards 1.1650 (23.6%fib).
GBP/USD: Sterling hit a one-month low against the dollar on Monday as a global sell-off prompted by China's struggling Evergrande hit risk-oriented currencies while uncertainties about the Bank of England's monetary policy and surging gas prices also weighed. At 0827 GMT, the pound was about 0.5% lower against the dollar at $1.3662, its lowest level since Aug. 23. Versus the euro , sterling was down 0.32% at 0.8561 pence, a low not reached since Sept. 9. Immediate resistance can be seen at 1.3697(50%fib),an upside break can trigger rise towards 1.3741 (38.2%fib).On the downside, immediate support is seen at 1.3664(Lower BB), a break below could take the pair towards 1.3648(61.8%fib).
USD/CHF: The dollar held near recent highs against the Swiss franc on Monday as investors braced for the Federal Reserve to take another step towards tapering this week. The Fed concludes a two-day meeting on Wednesday and consensus is that it will stick with broad plans for tapering this year but will hold off providing details or a timeline for a at least a month. At (GMT 09:16), Greenback gained 0.02% versus the Swiss franc to 0.9324. Immediate resistance can be seen at 0.9331 (23.6%fib), an upside break can trigger rise towards 0.9400 (Psychological level).On the downside, immediate support is seen at 0.9301(20DMA), a break below could take the pair towards 0.9227(38.2%fib).
USD/JPY: The dollar dipped against yen on Monday as investors stayed cautious ahead of a week packed with local and global economic indicators. Investors turned risk averse amid concerns around debt-laden Chinese developer Evergrande's inability to pay part of its huge debt due on Thursday. The market will also track the U.S. Federal Reserve's policy meeting, due to end on Wednesday, for indications on when it will start tapering its bond purchase programme.Strong resistance can be seen at 110.02(23.6%fib), an upside break can trigger rise towards 110.28(Higher BB).On the downside, immediate support is seen at 109.62(38.2%fib), a break below could take the pair towards 109.33(50%fib).
European shares fell to a near two-month low on Monday and Germany’s benchmark index sank 2%, as investors feared major central banks would start giving cues about tapering their pandemic-era stimulus programmes at various meetings this week.
At (GMT 09:30),UK's benchmark FTSE 100 was last trading down at 1.58% percent, Germany's Dax was down by 2.20 %percent, France’s CAC was last down by 2.22% percent.
Gold prices were pressured on Monday, hurt by a stronger dollar and concerns the U.S. Federal Reserve might hint at when it intends to begin tapering its asset purchases in its upcoming meeting.
Spot gold was little changed at $1,755.84 per ounce by 0847 GMT, having earlier touched its lowest level since Aug. 12 at $1,741.86.
Oil dropped more than $1 a barrel to below $75 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.
Brent crude fell 76 cents, or 1%, to $74.58 at 0815 GMT, having dropped as low as $74.26 earlier in the session. U.S. West Texas Intermediate (WTI) declined 89 cents, or 1.2%, to $71.08.