America’s Roundup: Dollar dips to end trading week but set for weekly gain,Wall Street rallies, Gold falls, Oil jumps 4% as U.S. gasoline prices hit record high-May 14th,2022
America’s Roundup: Dollar dips as Powell pushes back against 75 bp hike, Wall Street closes with sharp gains, Gold rises 1%, Oil jumps $5 a barrel as EU nears ban on Russian oil-May 5th,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 slips ahead of Fed's policy decision, Wall Street ends higher, Gold prices gain, Oil slides as China lockdowns outweigh proposed EU Russia oil ban-May 4th,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
Europe Roundup: Euro jumps on ECB rate rise talk, European shares dips, Gold prices firm, Oil rises as supply concerns persist-May 6th, 2022
Europe Roundup: Sterling steadies near June 2020 low, European shares gains, Gold recovers, Oil drops as economic worries, strong dollar weigh-May 10th,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
Europe Roundup: Euro holds near five-year low ahead of ECB's Lagarde speech, European shares gain, Gold falls to 2-1/2-month trough, Oil slips on China demand worries, while EU weighs Russia oil ban-May 3rd,2022
Europe Roundup: Sterling steadies near 21-month low ahead of BoE, Fed, European shares falls,Gold steady, Oil jumps 4% as EU proposes ban on Russian oil-May 4th,2022
America’s Roundup: Dollar dips as weak data fans growth fears, Wall Street ends lower ,Gold jumps 1.5%, Oil rebounds from two days of losses in volatile trade-May 20th,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 rises, focus on rate hike bets , European shares extend losses, Gold gains, Oil prices extend losses on fears of economic slowdown-May 19th,2022
America’s Roundup: Dollar regains footing after tumble, Wall Street tumbles, Gold retreats, Oil edges up on supply jitters as EU plans Russian oil ban-May 6TH, 2022
America’s Roundup: Dollar gains as inflation jitters return, Wall Street ends sharply lower, Gold erases losses, Oil falls 2.5% as U.S. refiners ramp up output-May 19th,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
Europe Roundup: Euro drops below $1.13, Gold slips, Oil prices climb again as U.S. inventories fall-December 29th,2021
•Swiss Dec ZEW Expectations 0.0, -10.8 previous
•EU Nov Loans to Non Financial Corporations 2.9%,2.5% previous
•EU Private Sector Loans (YoY) 4.2%,4.2% forecast, 4.1% previous
Looking Ahead - Economic Data (GMT)
•13:30 US Wholesale Inventories (MoM) 1.8% forecast,2.3% previous
•13:30 US Nov Goods Trade Balance -89.00B forecast, -83.20B previous
•13:30 US Nov Retail Inventories Ex Auto 0.5% previous
•13:30 US Nov Pending Home Sales (MoM) 0.5%,7.5 previous
•15:30 US Gasoline Inventories -0.031M forecast, 5.533M previous
•15:30 US Crude Oil Inventories-3.233M forecast, -4.715M previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro fell in thin holiday trading on Wednesday as surging cases of coronavirus weighed on single currency. Euro also dipped on worries about the country's political stability should the former ECB chief Mario Draghi leave his job as a prime minister.Draghi is the leading candidate to become Italian president in a parliamentary vote, which will take place in January. The euro was up 0.02 percent at $1.1281. Immediate resistance can be seen at 1.1293 (50%fib), an upside break can trigger rise towards 1.1315 (38.2%fib).On the downside, immediate support is seen at 1.1272(61.8%fib), a break below could take the pair towards 1.1200(Psychological level).
GBP/USD: Sterling dipped against dollar on Wednesday as increase in coronavirus cases raised worries about the chances of a global economic recovery next year weighing on pound. Britain reported a record 129,471 new cases of COVID-19 on Tuesday, a day after Prime Minister Boris Johnson said he would not bring in new restrictions this year to limit the spread of the Omicron coronavirus variant. Immediate resistance can be seen at 1.3468(38.2%fib), an upside break can trigger rise towards 1.3534(23.6%fib).On the downside, immediate support is seen at 1.3406(50 %fib), a break below could take the pair towards 1.3347(61.8%fib).
USD/CHF: The dollar edged higher against the Swiss franc on Wednesday as dollar recovered in holiday thinned trading. The dollar was also supported by a rise in two-year Treasury yields which hit 0.758% on Tuesday, a near two-year high, before slipping marginally to 0.7461%. The dollar index , which measures the greenback against major peers, rose as high as 96.240 versus Monday's close of 96.068, moving up against most other majors after the euro lost 0.14% on Tuesday.Immediate resistance can be seen at 0.9177 (5DMA), an upside break can trigger rise towards 0.9197 (38.2%fib).On the downside, immediate support is seen at 0.9160 (50%fib), a break below could take the pair towards 0.9121 (61.8% fib ).
USD/JPY: The dollar edged higher against the Japanese yen on Wednesday as safe-haven yen fell as dollar recovered sharply on increased risk appitite. The dollar rose versus the safe-haven yen, gaining 0.1% to 114.98 , its strongest since late November. While the yen has been battered by the strength of investors' risk appetite, analysts said end-of-quarter investor flows were also impacting the currency. Strong resistance can be seen at 115.00 (23.6% fib), an upside break can trigger rise towards 115.19 (Higher BB).On the downside, immediate support is seen at 114.63 (5 DMA), a break below could take the pair towards 114.40 (38.2% fib).
A Christmas rally in European shares paused near five-week highs on Wednesday, as investors exercised a bit of caution going into the end of the year with Omicron coronavirus cases swelling globally.
At (GMT 10:30 ),UK's benchmark FTSE 100 was last trading up at 0.98 percent, Germany's Dax was down by 0.38percent, France’s CAC finished was up by 0.01 percent.
Gold edged lower on Wednesday in slim trading as dollar strengthened and U.S. Treasury yields steadied after falling earlier in the session, though prices remained above the key level of $1,800 per ounce.
Spot gold was last down 0.2% at $1,802.67 per ounce by 0821 GMT. U.S. gold futures dropped 0.4% to $1,803.00.
Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in U.S. inventories, boosting demand sentiment.
Brent crude rose 26 cents, or 0.3%, at $79.20 a barrel by 0759 GMT. U.S. West Texas Intermediate (WTI) crude climbed 19 cents, or 0.2%, to $76.17 a barrel.