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
America’s Roundup: Dollar gains as inflation jitters return, Wall Street ends sharply lower, Gold erases losses, Oil falls 2.5% as U.S. refiners ramp up output-May 19th,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
Europe Roundup: Euro dips after weak data, European shares dips, Gold slips toward 2-1/2-month lows ,Oil slips on China growth worries, EU weighs Russian crude ban-May 2nd,2022
Europe Roundup: Euro falls back towards 2017 lows on Russian energy crisis, European shares gain, Gold falls, Oil rises but set for weekly drop as fears of weaker demand limit gains-May 13th,2022
Europe Roundup: Sterling dips on worsening global risk sentiment, European shares slip ,Gold prices dips, Oil prices fall on China's weak economic data-May 16th,2022
America’s Roundup: Dollar dips as weak data fans growth fears, Wall Street ends lower ,Gold jumps 1.5%, Oil rebounds from two days of losses in volatile trade-May 20th,2022
Europe Roundup: Euro’s gains fades on bleak German industrial orders, European stocks rally, Gold rises 1%,Oil climbs on supply jitters as EU plans Russian oil ban-May 5th,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
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
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
America’s Roundup: Dollar dips as Powell pushes back against 75 bp hike, Wall Street closes with sharp gains, Gold rises 1%, Oil jumps $5 a barrel as EU nears ban on Russian oil-May 5th,2022
Europe Roundup: Euro rises, focus on rate hike bets , European shares extend losses, Gold gains, Oil prices extend losses on fears of economic slowdown-May 19th,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
Europe Roundup: Sterling gains on upbeat retail sales data, European shares climb, Gold hits one-week high , Oil steady as oil supply risks meet economic headwinds-May 20th,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
Europe Roundup: Pound firms, lifted by soothing Omicron news, European shares rise, Oil prices stable as positive COVID news balances curbs-December 23rd,2021
•German Nov Import Price Index (MoM) 3.0%,1.1% forecast, 3.8% previous
•German Nov Import Price Index (YoY) 24.7%,22.3% forecast, 21.7% previous
•Spanish GDP (QoQ) (Q3) 2.6%,2.0% forecast ,1.1% previous
•Italian Dec Consumer Confidence 117.7,116.2 forecast , 117.5 previous
•Belgium Dec CPI (MoM) 5.71%,1.25% previous
•Belgium Dec CPI (YoY) 5.71%,5.64% previous
Looking Ahead - Economic Data (GMT)
•13:30 US Nov Durables Excluding Defense (MoM) 0.8% previous
•13:30 US Nov Core Durable Goods Orders (MoM) 0.6%forecast, 0.5% previous
•13:30 Canada Oct GDP (MoM) 0.8% forecast,0.1% previous
•13:30 US Continuing Jobless Claims 1,820K forecast, 1,845K previous
•13:30 US Initial Jobless Claims 205K forecast, 206K previous
•13:30 US Jobless Claims 4-Week Avg 203.75K previous
•13:30 US GDP (YoY) 3.97% previous
•13:30 US Nov Durable Goods Orders (MoM) 1.6% forecast, -0.4% previous
•13:30 US Nov Goods Orders Non Defense Ex Air (MoM) 0.6% forecast, 0.7% previous
•13:30 US Nov Real Personal Consumption (MoM ) 0.7% previous
•13:30 US Nov PCE Price index (YoY) 5.0 previous
•13:30 US Nov PCE price index (MoM) previous
•13:30 US Nov Personal Spending (MoM) 0.6% forecast,1.3% previous
•13:30 US Nov Core PCE Price Index (MoM) 0.4% forecast, 0.4% previous
•13:30 US Nov Core PCE Price Index (YoY) 4.5% forecast, 4.1% previous
•15:00 US Dec Michigan Consumer Expectations 67.8 forecast, 63.5 previous
•15:00 US Nov New Home Sales (MoM) 0.4% previous
•15:00 US Dec Michigan Inflation Expectations 4.9% forecast, 4.9% previous
•15:00 US New Home Sales 770K forecast, 745K previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged higher against dollar on Thursday as investors adopted a more optimistic stance about the global economic outlook, despite the rapid spread of the Omicron coronavrus variant. Risk appetite has improved since Monday, when markets were rattled by government restrictions relating to the spread of Omicron. However, data on Wednesday showed U.S. consumer confidence improving more than expected in December, suggesting the economy would continue to expand in 2022 despite a resurgence in COVID-19 infections and reduced stimulus spending. Immediate resistance can be seen at 1.322(38.2%fib), an upside break can trigger rise towards 1.1353 (Higher BB).On the downside, immediate support is seen at 1.1283 (5DMA), a break below could take the pair towards 1.1262 (Lower BB).
GBP/USD: Sterling rose to one-month highs against the dollar on Thursday, benefiting from some reassuring reports on the Omicron COVID-19 variant and a move higher in Britain's short-dated government bond yields. On the data front, UK businesses posted the weakest quarterly growth since the three months to April when lockdowns were in effect, the Confederation of British Industry (CBI) said. .By 1030 GMT, the pound rose 0.4% to the dollar at $1.3380, just off a one-month peak of $1.33875 hit earlier . Against the euro, it firmed to the highest in a month, up 0.4% to 84.45 pence . Immediate resistance can be seen at 1.3453 (38.2% fib), an upside break can trigger rise towards 1.3517 (23.6%fib).On the downside, immediate support is seen at 1.3389(38.2%fib), a break below could take the pair towards 1.3338 (61.8%fib).
USD/CHF: The dollar edged higher against the Swiss franc on Thursday as markets welcomed signs that the Omicron variant of COVID19 could be less severe than feared, as well as strong economic data from the US. U.S. consumer confidence improved further in December, suggesting the economy would continue to expand in 2022 despite a resurgence in COVID-19 infections and reduced fiscal stimulus. U.S. consumer confidence improved further in December, suggesting the economy would continue to expand in 2022.Other reports showed U.S. home sales increased for a third straight month in November, and that gross domestic product increased at a 2.3% annualized rate in the July-September quarter. Immediate resistance can be seen at 0.9229 (38.2%fib), an upside break can trigger rise towards 0.9275 (23.6%fib).On the downside, immediate support is seen at 0.9192(50%fib), a break below could take the pair towards 0.9155 (61.8%fib).
USD/JPY: The dollar rose against the Japanese yen on Thursday as investors turned back towards riskier assets at the expense of safe-haven yen. Dollar rallied against yen as investors welcomed signs that the Omicron variant of COVID-19 might be less severe than feared, as well as other positive signals like robust U.S. economic data. U.S. consumer confidence improved further in December, suggesting the economy would continue to expand in 2022. The survey from the Conference Board showed more consumers planned to buy a house and big-ticket items such as motor vehicles and major household appliances as well as go on vacation over the next six months. Strong resistance can be seen at 114.25 (23.6%fib), an upside break can trigger rise towards 115.00 (Psychological level).On the downside, immediate support is seen at 114.05 (5DMA), a break below could take the pair towards 113.82 (38.2%fib).
European stocks rose on Thursday to hit two-week highs after new studies indicated the Omicron variant poses a lower risk of severe disease and hospitalization than the Delta variant..
At (GMT 11:20),UK's benchmark FTSE 100 was last trading lower at 0.14 percent, Germany's Dax was up by 0.64 percent, France’s CAC was lastup by 0.38 percent.
Gold prices edged higher on Thursday in thin, yet supportive, year-end trading en route to a weekly gain, although an improved risk appetite capped bullion's rise.
Spot gold rose 0.2% to $1,807.49 per ounce by 0944 GMT, U.S. gold futures climbed 0.3% to $1,808.30.
Oil prices were broadly stable on Thursday as signs the worst effects of the Omicron coronavirus variant might be fairly containable were countered by new curbs amid surging case numbers.
Brent crude futures was up 19 cents, or 0.3%, to $75.48 a barrel at 1109 GMT, after a 1.8% gain in the previous session.