Europe Roundup: Euro slides as Austria's fourth national COVID-19 lockdown begins, Gold hits 2-week low,Oil slips on COVID-19 curbs in Europe-November 22nd,2021
America’s Roundup; Dollar dips against Japanese yen on fresh Omicron worries after vaccine warning, Wall Street ends lower, Gold retreats, Oil slumps on Omicron fears-December 1st,2021
America’s Roundup: Dollar dips from 16-month high as rally pauses, Wall street ends mixed ,Gold slips, Oil price hovers above six-week low -November 19th,2021
America’s Roundup: Dollar rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
America’s Roundup: Dollar steadies near 16-month high, Gold drops to near 3-week low, Oil rises 3% to one-week high after U.S. taps emergency reserves-November 24th,2021
America’s Roundup: Dollar recovers in face of Omicron ,Wall Street closes lower, Gold bounces, Oil falls on Omicron variant concerns-November 2nd,2021
Europe Roundup: Euro little changed ahead of U.S. jobs data, European shares gain, Gold dips, Oil prices climbs-December 3rd, 2021
America’s Roundup: Dollar edges higher before U.S. jobs report as Omicron fears ease, Wall Street ends higher, Gold slides, Oil ends higher after a day of wild swings on OPEC, Omicron-December 3rd,2021
Europe Roundup: Euro falls to July 2020 lows as Germany's business morale darkens, Gold steadies, oil prices rise despite release of crude from strategic reserve-November 24th,2021
Europe Roundup: Euro rises as dollar eases, investors weigh Omicron impact , European stocks tumble, Gold gains, Oil falls 3% on jitters over vaccine efficacy-30th November,2021
America’s Roundup: Dollar retreats as Omicron worries, Wall Street closes higher, Gold little changed, Oil price edges higher on waning fears of Omicron's effects-December 9th,2021
Europe Roundup: Sterling edges up amid expectations of BoE tightening in February , European shares hit over 1-week highs, Gold flat, Oil prices climb on easing Omicron fears, Iran delay-December 7th,2021
America’s Roundup: Dollar up against safe havens as risk sentiment improves on Omicron news, Wall Street ends higher, Oil settles sharply higher-December 7th,2021
Europe Roundup: Sterling drifts higher against dollar, European stocks drop, Gold dips, Oil rises as investors focus on OPEC+ decision amid growing Omicron fears-December 2nd,2021
Europe Roundup: Sterling slips against dollar as traders weigh EU restrictions impact Gold dips, European shares skid to 3-week lows ,Oil slips on US plans to tap emergency crude reserves-November 23rd,2021
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
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
•French Aug Industrial Production (MoM) 1.0% ,0.3% forecast, 0.3% previous
•Spanish Sep Services PMI 56.9, 58.0 forecast, 60.1 previous
•Italian Sep Services PMI 55.5,56.5 forecast, 58.0 previous
•French Sep Services PMI 56.2,56.0 forecast, 56.0 previous
•German Sep Composite PMI 55.5 ,55.3 forecast, 55.3 previous
• German Sep Services PMI 56.2 ,56.0 forecast, 56.0 previous
•UK Sep Services PMI 55.4 ,54.6 forecast, 54.6 previous
•UK Sep Composite PMI 54.9 ,54.1 forecast, 54.1 previous
•EU Aug PPI (YoY) 13.5% forecast, 12.1% previous
Looking Ahead Economic Data (GMT)
•12:30 Canada Aug Imports 52.97B previous
•12:30 Canada Aug Trade Balance 0.43B forecast, 0.78B previous
•12:30 Canada Aug Exports 53.75B previous
•12:30 US Aug Trade Balance -70.50B forecast, -70.10B previous
•12:30 US Exports 212.80 B previous
•12:30 US Imports 282.90B previous
•12:45 US Redbook (YoY) 16.5% previous
•13:45 US Services PMI 54.4 previous
•13:45 US Sep Markit Composite PMI 54.5 previous
•14:00 US Sep ISM Non-Manufacturing PMI 60.0 forecast, 61.7 previous
•14:00 US Sep ISM Non-Manufacturing Prices 75.4 previous
•14:00 US Sep ISM Non-Manufacturing Employment 53.7 previous
•14:30 new Zealand GlobalDairyTrade Price Index 1.0% previous
Looking Ahead - Events, Other Releases (GMT)
•15:00 ECB President Lagarde Speaks
•17:15 FOMC Member Quarles Speaks
EUR/USD: The euro declined on Tuesday as dollar strengthened ahead of a key payrolls report at the end of the week that could boost the case for the Federal Reserve to start tapering stimulus as soon as next month The dollar also benefited from haven demand amid worries spanning the risk of global stagflation to the U.S. debt ceiling standoff. Immediate resistance can be seen at 1.1621 (50%fib), an upside break can trigger rise towards 1.1655(61.8%fib).On the downside, immediate support is seen at 1.1590(38.2%fib), a break below could take the pair towards 1.1549 (23.6%fib).
GBP/USD: Sterling strengthened against dollar as traders turn their attention back to the prospect of interest rate rises in Britain. Rising inflation expectations hit risk sentiment last week and saw bond yields climb higher, pushing risk-sensitive sterling to a two-month low versus the euro and to its lowest level against the dollar since December 2020. Versus the dollar, sterling was 0.1% higher at $1.3620, not far from the week’s high, touched the previous day. Immediate resistance can be seen at 1.3643(50%fib),an upside break can trigger rise towards 1.3682(61.8%fib).On the downside, immediate support is seen at 1.3578(38.2%fib), a break below could take the pair towards 1.3495(23.6%fib).
USD/CHF: The dollar strengthened against Swiss franc on Tuesday as rising U.S. Treasury yields and concerns over the China Evergrande crisis boosted demand for dollar. The dollar was supported by rising U.S. Treasury yields as Washington wrangled over the debt ceiling. Yields have also been pushed higher recently by concerns that elevated inflation could bring forward a timeline for the Federal Reserve to taper its stimulus measures. Immediate resistance can be seen at 0.9284 (38.2% fib), an upside break can trigger rise towards 0.9293 (5DMA).On the downside, immediate support is seen at 0.9232(38.2% fib), a break below could take the pair towards 0.9191(61.8%fib).
USD/JPY: The dollar strengthened against yen on Tuesday as greenback regained strength ahead of U.S. payrolls data on Friday seen as key to the Federal Reserve’s next move. The U.S. dollar edged back towards a one-year high versus major peers ahead of a key payrolls report at the end of the week that could boost the case for the Fed to start tapering stimulus as soon as next month. The dollar gained 0.25% to 111.19 yen. Strong resistance can be seen at 111.26(38.2%fib), an upside break can trigger rise towards 111.76(23.6%fib).On the downside, immediate support is seen at 110.85(50%fib), a break below could take the pair towards 110.46(61.8%fib).
European stocks rose on Tuesday, as surging bank stocks and a positive earnings update from German chipmaker Infineon calmed nerves following a tech-fuelled selloff on Wall Street.
At (GMT 10:14 ),UK's benchmark FTSE 100 was last trading up at 0.63 percent, Germany's Dax was up by 0.44 percent, France’s CAC was last up by 0.83 percent.
Gold prices fell on Tuesday as the dollar benefited from subdued risk sentiment, with bullion likely to see choppy trade in the run up to Friday’s U.S. jobs numbers that could dictate the Federal Reserve’s tapering plans.
Spot gold fell 0.6% to $1,758.27 per ounce by 0643 GMT, after hitting $1,770.41 on Monday, its highest since Sept. 23. U.S. gold futures shed 0.6% to $1,757.30.
Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps.
Brent crude was up 51 cents or 0.6% at $81.77 a barrel by 0845 GMT, having rising 2.5% on Monday. U.S. West Texas Intermediate (WTI) oil rose 50 cents or 0.6% to $80.98, after gaining 2.3% the previous session