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
America’s Roundup: Dollar gains as energy price surge drives inflation worries , Wall Street rises, Gold firms ,Oil retreats from multi-year highs after U.S. stock build-October 7th,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 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 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
America’s Roundup: Dollar vaults to nearly 3-year high vs yen, Wall Street ends lower, Gold slips, Oil settles up 1.5%; hits multi-year highs on surging demand-October 12th,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
America’s Roundup: Dollar gains as traders assess rate hike prospects, Wall Street ends higher, Gold rises, Oil prices reach multi-year highs on tight supply-October 26th,2021
America’s Roundup: Dollar dips as bonds stabilize, Wall Street ends higher, Gold pares gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
America’s Roundup: Dollar firms ahead of U.S. jobs data, Wall Street ends sharply higher ,Gold edges down, Oil hits multi-year highs as OPEC+ sticks to output plan-October 6th ,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
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
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
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 dips after UK inflation reading, European shares little changed, Gold gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
America’s Roundup: Dollar hits one-year high as U.S. yields rise, Wall Street closes lower ,Gold gains, Oil steadies as energy crisis increases volatility-October 13th,2021
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.