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: Sterling crumbles to all-time low, European shares falls, Gold pinned near 2-1/2-year low, Oil prices hit nine-month low on recession fears-September 26th,2022
Europe Roundup: Euro holds above 2-decade low before ECB decision, European shares gain ,Gold struggles for direction, Oil prices fall further as China extends COVID curbs-September 8th,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
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
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
Europe Roundup: Sterling recovers after BoE rate hike, European shares fall, Gold steadies, Oil rises on rebounding Chinese demand, geopolitical risks-September 22nd,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 edges down but posts gains for week, Wall Street drops, Gold gains, Oil prices up after Basra spill, but log weekly decline-September 17th,2022
Europe Roundup:Euro jumps on hawkish ECB signals, European shares advances, Gold ticks, Oil prices rise as supply uncertainty mounts-September 12th,2022
America’s Roundup: Dollar resumes rally, Wall Street ends lower, Gold slips, Oil sinks as demand fears take steam out of OPEC-led rally-September 7th,2022
Europe Roundup: Sterling slips against rising dollar, European shares fall,Gold edges up ,Oil rises after Russia's Putin threatens to halt supply-September 7th, 2022
Europe Roundup: Sterling falls to 37-year low against dollar, European stocks fall, Gold dips, Oil steadies but remains on track for weekly decline-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
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
Europe Roundup: Euro notch up on US inflation data,European shares little changed, Gold subdued,Oil rises as IEA hikes 2022 demand growth forecast-August 11th,2022
• Irish Jul CPI (MoM) 0.4%, 1.3% previous
•Irish Jul HICP (YoY) ) 9.6% ,9.6% previous
•Irish Jul CPI (YoY) 9.1%,9.1% previous
•Irish Jul HICP (MoM) 0.4%, 1.3% previous
Looking Ahead - Economic Data (GMT)
•12:30 US Jul PPI (MoM) 0.2% forecast, 1.1% previous
•12:30 US Jul Core PPI (MoM) 0.4% forecast, 0.4% previous
•12:30 US Jul PPI (YoY) 10.4% forecast,11.3% previous
•12:30 US Jul Core PPI (YoY) 7.6% forecast, 8.2% previous
•12:30 US Initial Jobless Claims 263K forecast, 260K previous
•12:30 US Jobless Claims 4-Week Avg. 254.75K previous
•12:30 US Continuing Jobless Claims 1,407K forecast, 1,416K previous
•12:30 US Jul PPI (YoY) 6.4% previous
•12:30 US Jul PPI (MoM) 0.3% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro strengthened on Thursday as dollar dipped after a softer-than-expected U.S. inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve. U.S. consumer prices were unchanged in July compared with June, when they rose a monthly 1.3%. The July result was lower than expectations due to a sharp drop in the cost of petrol, causing markets to reposition on hopes that inflation was peaking. Slowing U.S. inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes. Immediate resistance can be seen at 1.0355(50DMA), an upside break can trigger rise towards 1.0411(50%fib).On the downside, immediate support is seen at 1.0274(38.2%fib), a break below could take the pair towards 1.0218(21DMA).
GBP/USD: Sterling steadied against dollar on Thursday following an impressive overnight rally after U.S. inflation missed expectations, triggering a rush into risk assets. U.S. inflation data showed that consumer prices did not rise in July due to a sharp drop in the cost of gasoline, with the consumer price index increasing by a slower-than-expected 8.5%, following a 9.1% rise in June.The softer data sent risk assets skyward, as investors turned hopeful that the Federal Reserve would become less aggressive on interest rates hikes. Sterling was last trading at $1.2217, up 1.13% on the day. Immediate resistance can be seen at 1.2257(38.2%fib), an upside break can trigger rise towards 1.2299(1st Aug).On the downside, immediate support is seen at 1.2168(50%fib),a break below could take the pair towards 1.2132 (5DMA).
USD/CHF: The dollar dipped against the Swiss franc on Thursday as dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise interest rates at a slower pace than previously expected. Traders priced in a 50 basis points rate hike next month, compared with the 75 bps increase that had been expected before inflation report. The dollar index remained on the back foot in early European trading hours, slipping 0.2% to 105.010, after recording its biggest daily fall in five months, of 1%, the previous day. Immediate resistance can be seen at 0.9500(38.2%fib), an upside break can trigger rise towards 0.9530(11DMA).On the downside, immediate support is seen at 0.9368 (23.6%fib), a break below could take the pair towards 0.9353 (Lower BB).
USD/JPY: The dollar declined against yen on Thursday as the U.S. July inflation reading raised expectations of a less aggressive rate hike cycle from the Federal Reserve. Figures on Wednesday showed that U.S. consumer prices were unchanged in July compared with June, a two-year rise in inflation stopped in its tracks by a drop in gasoline prices. Investors now turn to U.S. producer prices data, along with the latest jobless claims numbers, ahead of Wall Street’s open. The yen gained 0.2% to 132.615 yen per dollar. Strong resistance can be seen at 133.78(50%fib), an upside break can trigger rise towards 135.40(61.8%fib).On the downside, immediate support is seen at 132.11(38.2%fib), a break below could take the pair towards 131.00 (Psychological level).
European shares were little changed on Thursday as earnings proved to be a mixed bag and German government bond yields crept higher, echoing moves in U.S. Treasuries
At (GMT 10:48),UK's benchmark FTSE 100 was last trading up at 0.25% percent, Germany's Dax was down by 0.05% percent, France’s CAC was down by 0.23% %percent.
Gold prices edged lower on Thursday from last session’s one-month peak weighed down by hawkish policy remarks by U.S. Federal Reserve officials
Spot gold fell 0.3% to $1,786.71 per ounce by 0852 GMT, after hitting its highest since July 5 at $1,807.79 on Wednesday.U.S. gold futures slipped 0.6% to $1,802.30.
Oil prices rose by over 1% on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.
Brent crude futures gained $1.04, or 1.1%, to $98.44 a barrel by 0949 GMT, while U.S. West Texas Intermediate crude futures rose $1.03, or 1.1%, to $92.96.
What is a semiconductor? An electrical engineer explains how these critical electronic components work and how they are made