America’s Roundup: Dollar dips as U.S. rate hike jitters restrain gains, Wall Street flat, Gold dips , Oil rises 1% on supply concerns, expectations for fuel switching-September 15th,2022
Europe Roundup: Sterling languishes near 37-year low vs dollar European shares falls, Gold dips, Oil falls more than 2% on demand fears-September 19th,2022
America’s Roundup: U.S. dollar soars to two-decade high as Fed flags more large hikes, Wall Street slumps, Gold bounces ,Oil prices slide 1% after U.S. Fed raises interest rates-September 22nd,2022
America’s Roundup: U.S. dollar advances as markets brace for hefty Fed rate hike,Wall Street ends choppy session higher, Gold falls, Oil edges up as supply woes outweigh demand and rate hike worries-September 20th,2022
America’s Roundup: Dollar gains ahead of Fed rate decision,Wall Street falls, Gold retreats, Oil prices down, investors expect big Fed rate hike-September 21st,2022
Europe Roundup: Euro slides back towards two-decade lows, European shares slip, Gold gains,Oil prices surge as Putin mobilises more troops-September 21st,2022
Europe Roundup: Sterling tumbles after Britain's new economic plan, European shares extend falls, Gold hits more than 2-year low, Oil prices down 3% with recession fears in focus-September 23rd,2022
Europe Roundup: Sterling recovers after BoE rate hike, European shares fall, Gold steadies, Oil rises on rebounding Chinese demand, geopolitical risks-September 22nd,2022
Europe Roundup:Euro dips against dollar on ECB rate hike unease ,European shares edge higher, Gold pares gains,Oil slides as demand fears return after OPEC-led rally-September 6th,2022
Europe Roundup: Euro gains on ECB rate hike, European shares gains, Gold hits more than one-week high, Oil supported by supply threats -September 9th,2022
America’s Roundup: Dollar inches up vs yen as investors expect Fed will stay aggressive, U.S. stocks slip ,Gold falls, Oil slumps over 3% on demand concerns-September 16th,2022
America’s Roundup: Dollar declines against yen as Japan intervenes to stop yen slide, Wall Street ends down, Oil edges higher on Russian supply concerns in volatile trade-September 23rd,2022
America’s Roundup: U.S. dollar soars to 24-year high vs yen, Wall ends higher, Gold gains, Oil settles below $90 as recession fears mount-September 8th,2022
America’s Roundup: Dollar falls as investors balance their positions ahead of US inflation data, Wall Street ends higher, Gold gains, Oil rises 4% on supply threats, still set for weekly drop-September 10th,2022
Europe Roundup: Euro gains as dollar dips ahead of US CPI data, European shares rise, Gold holds steady, Oil prices climb on concerns over tight supplies-September 13th,2022
America’s Roundup: Dollar retreats on hopes of less aggressive Fed, Gold firms, Oil up nearly 3% as OPEC+ agrees to small oil output cut-September 6th,2022
Europe Roundup: Euro gains ahead of key U.S. inflation data, European shares dips, Gold flat, Oil drops on Druzhba pipeline news and U.S. inflation expectations-August 10th,2022
•German Jul HICP (YoY) 8.5%, 8.5% forecast, 8.2% previous
•German Jul HICP (MoM) 0.8%, 0.8% forecast, -0.1% previous
•German Jul CPI (MoM) 0.9%, 0.9% forecast, 0.1% previous
•Italian Jul HICP (YoY) 8.4%,8.4% forecast, 8.5% previous
•Italian Jul CPI (MoM) 0.4%, 0.4% forecast, 1.2% previous
•Italian Jul CPI (YoY) 7.9%, 7.9% forecast, 8.0% previous
•Greek Jun Industrial Production (YoY) 8.4%,3.2% previous
Looking Ahead – Economic data (GMT)
•12:30 US Jul Real Earnings (MoM) -1.0% previous
•12:30 US Jul CPI Index, s.a 295.33 previous
•12:30 US Jul CPI (MoM) 0.2% forecast, 1.3% previous
•12:30 US Jul Core CPI (YoY) 6.1% forecast, 5.9% previous
•12:30 US Jul CPI (YoY) 8.7% forecast, 9.1% previous
•12:30 US Jul CPI Index, n.s.a. 296.67 forecast, 296.31 previous
•12:30 US Jul Core CPI (MoM) 0.5% forecast, 0.7% previous
•14:00 US Jun Wholesale Trade Sales (MoM) 0.9% forecast, 0.5% previous
•14:00 US Wholesale Inventories (MoM) 1.9% forecast, 1.8% previous
•14:30 US Gasoline Inventories -0.633M forecast, 0.163M previous
•14:30 US Crude Oil Inventories 0.073M forecast, 4.467M previous
•15:00 US Jul Cleveland CPI (MoM) 0.7% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro edged higher on Wednesday as dollar dipped ahead of U.S. inflation data which markets will scrutinise for guidance on how steeply the U.S. Federal Reserve will raise interest rates.The figures were due at 1230 GMT. Economists expect year-on-year headline inflation to be running at a scorching 8.7%, a small retreat from June's 9.1%. Core inflation is expected at 0.5% month-on-month. A strong U.S. inflation print would damage the case that the Fed will pivot away from its focus on curtailing inflation with interest rate hikes and instead worry more about a recession, and so potentially raise rates more slowly. The euro climbed 0.28% to $1.02425. Immediate resistance can be seen at 1.0277(38.2%fib), an upside break can trigger rise towards 1.0338(50DMA).On the downside, immediate support is seen at 1.0197(14DMA), a break below could take the pair towards 1.0135(23.6%fib).
GBP/USD: Sterling strengthened on Wednesday as dollar edged down ahead of key U.S. inflation data. Economists polled by Reuters expect U.S. annual inflation to have eased to 8.7% last month from 9.1% in June. Core inflation is expected at 0.5% month-on-month . The data are due at 1230 GMT.The Fed hiked rates by 75 basis points in both June and July to rein in soaring inflation.Fed funds futures traders are now pricing for a 69.5% chance of another 75 basis point rate increase at the U.S. central bank's next policy meeting in September . Immediate resistance can be seen at 1.2112(38.2%fib), an upside break can trigger rise towards 1.2150(50DMA).On the downside, immediate support is seen at 1.2055(21DMA),a break below could take the pair towards 1.2022 (38.2%fib).
USD/CHF: The dollar dipped against the Swiss franc on Wednesday ahead of U.S. inflation data that could give clues to the Federal Reserve's appetite for more aggressive rate rises. The Consumer Price Index (CPI) report will be released at 1230 GMT, with markets watching for signs that inflation eased in July despite unexpectedly strong U.S. jobs numbers last week.The market is pricing in a 69.5% chance of a 75 basis point rate increase at the Fed's next meeting. Economists polled by Reuters expect the CPI to show year-on-year headline inflation of 8.7%, far above the Fed's target of 2% but down from last month's red-hot 9.1%. Immediate resistance can be seen at 0.9554(11DMA), an upside break can trigger rise towards 0.9575(38.2%fib).On the downside, immediate support is seen at 0.9451 (23.6%fib), a break below could take the pair towards 0.9432 (Lower BB).
USD/JPY: The dollar was little changed against yen on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve’s plans for future monetary tightening.The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in July despite last week’s unexpectedly strong U.S. jobs numbers .Economists polled expect the CPI to show year-on-year headline inflation of 8.7%, far above the Fed's target of 2% but down from last month's red-hot 9.1%.. Strong resistance can be seen at 135.78(23.6%fib), an upside break can trigger rise towards 136.00(Psychological level).On the downside, immediate support is seen at 134.59(5DMA), a break below could take the pair towards 133.96 (38.2%fib).
European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States, while gains in supermarket major Ahold Delhaize kept declines in check.
At (GMT 12:01),UK's benchmark FTSE 100 was last trading up at 0.06% percent, Germany's Dax was up by 0.37% percent, France’s CAC was down by 0.01% %percent.
Gold prices were little changed on Wednesday as caution set in ahead of key U.S. inflation data that could influence the pace of Federal Reserve interest rate hikes.
Spot gold was flat at $1,793.78 per ounce by 1032 GMT, after hitting its highest since July 5 at $1,800.29 on Tuesday. U.S. gold futures eased 0.1% to $1,809.90.
Oil prices fell on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators.
Brent crude futures were down $1.69, or 1.75%, to $94.62 a barrel at 1124 GMT.U.S. West Texas Intermediate crude futures were down $1.61 cents, or 1.78%, at $88.89.
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