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 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
America’s Roundup: Dollar jumps on Powell renomination, Wall Street retreats, Gold slides over 2%-November 23rd,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: Sterling sinks below $1.33 for first time in 2021, European stocks fall,Gold jumps ,Oil tumble on virus variant fears-November 26th,2021
America’s Roundup: Dollar slips below 16-month highs as trade winds down for Thanksgiving, Wall Street ends higher, Gold edges up, Oil dips, focus on OPEC+ response to U.S.-led oil release-November 26th,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
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 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 up against safe havens as risk sentiment improves on Omicron news, Wall Street ends higher, Oil settles sharply higher-December 7th,2021
America’s Roundup: Dollar hovers close to one-week high, Wall Street closes higher, Gold edges higher, Oil rises 3%, extending rally as Omicron fears retreat-December 8th,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 dips on new coronavirus variant fear, Wall Street ends lower,Gold heads for worst week since mid-Jun, Oil settles down $10/bbl in largest daily drop since April 2020-November 27th,2021
Europe Roundup: Sterling holds above 11-month lows on Omicron concerns, European shares gain, Gold ticks higher, Oil rebound as calm returns after Omicron hit-November 29th,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: Euro eases on firm dollar as Fed seen sticking to taper plans European stocks slip,Gold eases, Oil jumps to multi-year highs on global energy crunch-11th October,2021
• Italian Aug Industrial Production (YoY) 0.0%, -0.7% forecast, 7.0% previous
• Italian Aug Industrial Production (MoM) -0.2%, -0.3% forecast, 0.8% previous
• Portuguese Aug Trade Balance -4.83B,-4.42B previous
Looking Ahead Economic Data (GMT)
•13:00 French 6-Month BTF Auction -0.679% previous
•13:00 French 3-Month BTF Auction -0.756% previous
•13:00 French 12-Month BTF Auction -0.648% previous
• 14:00 US Sep CB Employment Trends Index 110.37 previous
•15:30 US 6-Month Bill Auction 0.055% previous
•15:30 US 3-Month Bill Auction 0.040% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro edged lower on Monday as dollar strengthen investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures . U.S. currency and fixed income markets are closed on Monday for a holiday but the yield on benchmark 10-year Treasuries hit a four-month high of 1.617% on Friday, even after data showed the U.S. economy created the fewest jobs in nine months in September, missing forecasts. The euro was softer at $1.1575, hovering a tad above Wednesday’s low of $1.1529, its weakest since July last year. Immediate resistance can be seen at 1.1573 (50%fib), an upside break can trigger rise towards 1.1591(10DMA).On the downside, immediate support is seen at 1.1541(38.2%fib), a break below could take the pair towards 1.1500(Psychological level).
GBP/USD: Sterling strengthened against the dollar on Monday after the Bank of England urged Britons, in interviews published over the weekend, to get ready for earlier interest rate rises as inflation pressure mounted in Britain. The bank’s governor, Andrew Bailey, said in an interview to The Yorkshire Post newspaper that inflation running above the BoE’s target of 2.0% was very concerning and it had to be managed to prevent it from becoming permanently embedded. Sterling rose 0.2% versus the dollar to $1.3645 at 0750 GMT, after briefly touching a two-week high. Immediate resistance can be seen at 1.3677(50%fib),an upside break can trigger rise towards 1.3746 (61.8%fib).On the downside, immediate support is seen at 1.3608(23.6%fib), a break below could take the pair towards 1.3569(10DMA).
USD/CHF: The dollar strengthened against Swiss franc on Monday as investors remained confident the U.S. Federal Reserve would start paring its stimulus this year. The Fed may move to begin reducing its support for the economy next month despite the slowdown in jobs gains in September. Data on Friday showed U.S. nonfarm payrolls increased by 194,000 jobs in September, below economists' forecast of 500,000. Meanwhile, the unemployment rate dropped to an 18-month low of 4.8% and wage gains accelerated. Immediate resistance can be seen at 0.9287(10DMA), an upside break can trigger rise towards 0.9320 (23.6% fib).On the downside, immediate support is seen at 0.9257(38.2% fib), a break below could take the pair towards 0.9211(23.6%fib).
USD/JPY: The dollar rose against yen on Monday as rising Treasury yields lifted the dollar across the board. The dollar was underpinned as U.S. yields outpaced those in Germany and Japan, lifting it to the highest since late 2018 on the yen at 112.90. This week’s focus will be on U.S. inflation and retail sales data, and minutes of the Federal Reserve's last meeting which should confirm that a November tapering was discussed. Strong resistance can be seen at 112.99(23.6%fib), an upside break can trigger rise towards 113.23(Daily high).On the downside, immediate support is seen at 112.41(38.2%fib), a break below could take the pair towards 111.99(50%fib).
European stocks kicked off the week slightly lower on Monday as nerves around inflation and the upcoming earnings season offset surging commodity prices that supported oil and mining shares.
At (GMT 11:30 ),UK's benchmark FTSE 100 was last trading up at 0.21 percent, Germany's Dax was down by 0.52 percent, France’s CAC was last down by 0.40 percent.
Gold eased slightly on Monday as the dollar firmed on expectations that the Federal Reserve would move forward with its plans to taper economic support despite U.S. September jobs data falling short of forecasts.
Spot gold fell 0.2% to $1,752.68 per ounce by 0942 GMT, while U.S. gold futures eased 0.2% to $1,753.20.Spot silver fell 0.6% to $22.53.
Oil prices rose more than $2 on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.
Brent crude was up $2.17, or 2.6%, at $84.56 a barrel by 1136 GMT, its highest since October 2018.
U.S. West Texas Intermediate (WTI) crude rose $2.67, or 3.4%, to $82.02 for its highest since late 2014.