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
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
America’s Roundup: Dollar index slips from 20-year high, Wall Street ends down, Gold gains, Oil gains 1.5%, posts another weekly rise on supply concerns-May 7th,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: Sterling falls to new low versus dollar, European stocks slump, Gold dips, Oil slips more than 2% on fears recession may hit demand-May 12th,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 slips after CPI data as Fed expectations in check, Wall Street ends sharply lower, Gold bounces, Oil up more than 5%, as Russia-EU energy quarrel intensifies-May 12th,2022
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
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
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 Round: Dollar gains ahead Of Fed Meeting, Wall Street ends higher, Gold prices slide 2%, Oil settles up on distillate strength, supply concerns-May 3rd,2022
Europe Roundup: Pound falls as UK inflation hits 40 year high, European shares inch lower , Gold gains, Oil prices rise on China demand recovery expectations, supply concerns-May 18th,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
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 hits two-decade high, Wall Street ends mixed, Gold retreats, Oil settles mixed amid Beijing lockdown fears, tight supplies-May 13th,2022
Europe Roundup: Euro edges higher in thin trade, European steadies, Gold eases, Oil drops as virus concerns linger-December 27th,2021
•Finnish Dec Industrial Confidence 18, 24 previous
•Finnish Dec Consumer Confidence -3.5 , 1.2 previous
Looking Ahead - Economic Data (GMT)
•15:30 US Dec Dallas Fed Mfg Business Index 11.8 previous
•16:30 US 6-Month Bill Auction 0.160% previous
•16:30 US 3-Month Bill Auction 0.075% previous
•17:00 Brazil Federal Tax Revenue 178.74B previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro edged higher on Monday as investors focused on central banks’ tapering while trying to assess the potential impact on markets should former ECB boss Mario Draghi leave his job as Italian prime minister in January. Parliament will convene to choose a new Italian president in January, and the former European Central Bank chief is the most favoured candidate. Draghi has signalled he would be willing to become head of state. The euro was up 0.01 percent at $1.1314. Immediate resistance can be seen at 1.1326(38.2%fib), an upside break can trigger rise towards 1.1357 (23.6%fib).On the downside, immediate support is seen at 1.1302(50 % fib), a break below could take the pair towards 1.1275 (61.8%fib).
GBP/USD: Sterling was little changed against dollar Monday in quiet trade on Monday as flight cancellations over Christmas revived concerns that the Omicron virus variant could slow down the economy heading into the new year.U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVID-19-related staff shortages, while several cruise ships had to cancel stops after outbreaks aboard. Sterling was last trading up 0.10% at $1.3400. Immediate resistance can be seen at 1.3420(Daily high), an upside break can trigger rise towards 1.3437(38.2%fib).On the downside, immediate support is seen at 1.3388(50 %fib), a break below could take the pair towards 1.3361 (5 DMA).
USD/CHF: The dollar initially gained against the Swiss franc on Monday but gave up ground as worries over the economic impact from the Omicron coronavirus variant weighed on investors sentiment. Coronavirus infections have eased in the past few weeks in central Europe although the region has yet to really face a spike on Omicron cases like in western Europe. At (GMT 11:09), greenback gained 0.16% versus the Swiss franc to 0.9186.Immediate resistance can be seen at 0.9685(21 DMA), an upside break can trigger rise towards 0.9189 (5DMA).On the downside, immediate support is seen at 0.9200 (38.2% fib), a break below could take the pair towards 0.9157 (Lower BB ).
USD/JPY: The dollar strengthened against the Japanese yen on Monday but gains were capped as China and Japan faced prospects of tighter curbs amid rising COVID-19 cases. Financial market activity was subdued in the last week of the year with some centres closed for public holidays. The dollar index , which measures the currency against six major peers, was up 0.1% at 96.23, around the midpoint of the trading range seen over the past few weeks. Strong resistance can be seen at 114.70(23.6%fib), an upside break can trigger rise towards 115.00 (Psychological level).On the downside, immediate support is seen at 114.31 (5DMA), a break below could take the pair towards 114.10(38.2%fib).
European shares steadied in quiet trade on Monday as flight cancellations over Christmas revived concerns that the Omicron virus variant could slow down the economy heading into the new year..
At (GMT 11:15),UK's benchmark FTSE 100 was last trading up at 0.02 percent, Germany's Dax was up by 0.10 percent, France’s CAC was last up by 0.04 percent.
Gold prices edged lower in thin trade on Monday as the U.S. dollar rebounded, though bullion was still hovering close to a one-week high as concerns over the Omicron coronavirus variant increased safe-haven demand.
Spot gold fell 0.1% to $1,806.60 an ounce by 1012 GMT but remained above the reached $1,800 last week. U.S. gold futures slipped 0.2% to $1,807.40.
U.S. oil fell on Monday after airlines called off thousands of flights over the Christmas holidays amid surging COVID-19 cases, though Brent crude gained support from hopes that the Omicron variant will have limited impact on global demand.
U.S. West Texas Intermediate (WTI) crude was down 85 cents, or 1.2%, at $72.94 a barrel by 1100 GMT. The U.S. market was closed on Friday for a holiday. Global benchmark Brent crude rose 11 cents, or 0.1%, to $76.25.