Europe Roundup: Euro drops below $1.13, Gold slips, Oil prices climb again as U.S. inventories fall-December 29th,2021
America’s Roundup: Dollar hits five-year high versus yen,Wall Street ends mixed, Gold rises, Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike-5th January,202
Europe Roundup: Sterling dips against dollar on hawkish Fed signals , European shares slide, Gold hits one-week low, Oil extends rally on Kazakhstan unrest, Libyan outages-January 6th,2022
Europe Roundup: Sterling gains against dollar on rate rise bets, European shares rises, Gold inches up, Oil prices steady ahead of OPEC+ meeting-January 4th,2021
Europe Roundup: Sterling edges up against dollar, European shares slip, Gold inches up,Oil price rises as Kazakh turmoil adds to supply worries-January 7th,2022
America’s Roundup: Dollar falls after U.S. jobs report, Wall Street ends mixed, Gold ticks up, Oil slips, but gains 5% in the week on Kazakh, Libyan concerns-January 8th, 2022
America’s Roundup: Dollar steadies ,Wall Street edges higher, Gold slides to 2-week low, Oil extends rally on Kazakhstan unrest and Libyan outages-January 7th, 2022
America’s Roundup: Dollar ticks higher in thin trading, Wall Street closes down, Gold gains, Oil streadies ahead of OPEC+ meeting next week-December 31st,2021
America’s Roundup: Dollar dips in quiet holiday trading, Wall Street ends mixed,Gold steadies,Oil prices edge higher as US oil inventories fall-December 30th,2021
Europe Roundup: Sterling rises versus dollar,European stocks trades mixed, Gold eases, Oil holds near $85/bbl on stronger demand prospects-January 13th,2022
America’s Roundup: Dollar edges down as risk-sensitive currencies advance, U.S. stocks end at record high, Gold on course for weekly gains, Oil prices rise as Omicron fears abate-December 24th,2021
Europe Roundup: Sterling drops against dollar, European shares gain, Gold slips, Gold slips from six-week high, Oil gains towards $79 as Omicron impact concerns ease-January 3rd,2022
Europe Roundup: Sterling steadies close to its recent highs, European shares gains, Gold retreats, Oil prices shrug off Omicron slump, soar to 2-month highs-January 12th,2022
America’s Roundup: Dollar edges up as traders assess Fed rate hike bets,Gold holds ground, Oil climbs as supplies expected to remain tight-January 18th,2022
America’s Roundup: U.S. dollar dips after U.S. inflation data, Wall Street closes higher, Gold gains,Oil rises 2% on U.S. crude drawdown, weaker dollar-January 13th,2022
Europe Roundup: Sterling gains on global recovery trade, European shares gain, Gold dips, Oil prices slip after China cuts import quotas-December 30th,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
•French GDP (QoQ) (Q4) 3.0%,3.0% forecast, 3.0% previous
• French Oct Consumer Spending (MoM) -0.4%, 0.3% forecast, -0.2% previous
•French Oct PPI (MoM) 2.9%, 1.7% previous
•French CPI (MoM) 0.4% ,0.4% previous
•French HICP (MoM) 0.4%,0.4% previous
•German Nov Unemployment Rate 5.3%, 5.3% forecast, 5.4% previous
•German Nov Unemployment n.s.a 2.317M, 2.377M previous
•German Nov Unemployment Change -34K, -25K forecast, -39K previous
•EU Nov HICP ex Energy & Food (YoY) 2.3% forecast, 2.1% previous
•EU Nov CPI (YoY) 4.5% forecast, 4.1% previous
•Italian Nov CPI (MoM) 0.1% forecast, 0.7% previous
•Italian Nov HICP (YoY) 3.3% forecast, 3.2% previous
•Belgian GDP (QoQ) (Q3) 1.8% previous
•EU CPI (MoM) 0.8% previous
•EU HICP ex Energy and Food (MoM) 0.3% previous
•EU Core CPI (YoY) 2.0% previous
Looking Ahead Economic Data (GMT)
•13:30 Canada GDP (QoQ) (Q3) -0.3% previous
•13:30 Canada GDP (YoY) (Q3) 12.72% previous
•13:30 Canada GDP Annualized (QoQ) (Q3) 3.0% forecast, -1.1% previous
•13:30 Canada Sep GDP (MoM) 0.1% forecast, 0.4% previous
•13:55 US Redbook (YoY) 15.4% previous
•14:00 US Sep S&P/CS HPI Composite - 20 n.s.a. (MoM) 1.5% forecast, 0.9% previous
•14:00 US Sep S&P/CS HPI Composite - 20 n.s.a. (YoY) 19.3% forecast, 19.7% previous
•14:00 US Sep House Price Index (YoY) 18.5% previous
•14:00 US Sep House Price Index 351.7 previous
•14:00 US Sep House Price Index (MoM) 1.0% previous
•14:45 US Nov Chicago PMI 67.0 forecast, 68.4 previous
•15:00 US Nov CB Consumer Confidence 110.9 forecast, 113.8 previous
•15:00 US Nov Texas Services Sector Outlook 20.7 previous
•15:00 US Nov Dallas Fed Services Revenues 19.6 previous
Looking Ahead - Events, Other Releases (GMT)
•15:00 US Fed Chair Powell Testifies
•15:00 US FOMC Member Williams Speaks
•15:00 US FOMC Member Clarida Speaks
EUR/USD: The euro rose against dollar on Tuesday as single currency drew support from a subdued dollar as investors assessed the severity of the Omicron coronavirus variant's impact on the global economy. The World Health Organization warned of a “very high” risk of infection surges from Omicron, and countries around the world have reacted quickly to tighten border controls.The euro was steady at $1.131 while sterling was little changed at $1.3315The single currency slumped to a nearly 17-month trough of $1.11864 last week as European Central Bank policy makers stuck to their dovish stance in the face of heated inflation. Immediate resistance can be seen at 1.1400(21DMA), an upside break can trigger rise towards 1.1450(61.8%fib).On the downside, immediate support is seen at 1.1286 (38.2 % fib), a break below could take the pair towards 1.1185(23.6%fib).
GBP/USD: Sterling strengthened on Tuesday against weakening dollar on the expectations that the BoE could raise interest rates faster than the European Central Bank. Markets are pricing in around 8 bps of an increase in interest rates by the Bank of England on Dec. 16. That has fallen from more than 12 bps at the start of last week. Sterling rose 0.3% versus the weakening dollar to $1.3360, after touching a December 2020 low of $1.3278 on Friday. Immediate resistance can be seen at 1.3382(38.2%fib), an upside break can trigger rise towards 1.3438(50%fib).On the downside, immediate support is seen at 1.3303 (23.6%fib), a break below could take the pair towards 1.3255 (Lower BB).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as dollar after Moderna's CEO said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types.Risk appetite took a beating across world markets with the greenback weakening. Investors now await Federal Reserve Chairman Jerome Powell's congressional testimony later this week after his warning on Monday that the new COVID-19 strain muddied the central bank's inflation outlook and prices could continue to rise for longer than earlier thought. Immediate resistance can be seen at 0.9215 (50% fib), an upside break can trigger rise towards 0.9250(38.2%fib).On the downside, immediate support is seen at 0.9178 (61.8%fib), a break below could take the pair towards 0.9151(25th Oct low ).
USD/JPY: The dollar declined against the Japanese yen on Tuesday as warnings about the impact of the Omicron coronavirus variant renewed demand for safe-haven assets. Moderna's chief warned that COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been against the Delta version. The Moderna chief's comments rattled financial markets, with dollar dropping against yen. Strong resistance can be seen at 113.18 (38.2% fib), an upside break can trigger rise towards 113.82 (23.6%fib).On the downside, immediate support is seen at 112.70(50%fib), a break below could take the pair towards 112.22(61.8%fib).
European stocks fell more than 1% on Tuesday after vaccine-maker Moderna's head cast doubts over the efficacy of COVID-19 shots against the Omicron coronavirus variant.
At (GMT 10:04 ),UK's benchmark FTSE 100 was last trading down at 1.28 percent, Germany's Dax was down by 1.47 percent, France’s CAC finished was down by 1.43 percent.
Oil prices tumbled more than 3% on Tuesday after Moderna's CEO cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to worries about oil demand.
Brent crude futures fell $2.32, or 3.2%, to $71.12 a barrel at 0912 GMT after slipping to an intraday low of $70.52, the lowest since Sept. 1.
U.S. West Texas Intermediate (WTI) crude futures fell $2.15, or 3.1%, to $67.80 a barrel, off a session low of $67.06, the weakest since Aug. 26.
Gold rose on Tuesday as investors sought safe havens again after Moderna's CEO warned that COVID-19 vaccines were likely to be less effective against the Omicron variant, putting bullion on course for a second straight monthly gain.
Spot gold rose 0.4% to $1,791.86 per ounce by 0913 GMT. U.S. gold futures advanced 0.6% to $1,794.80.