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 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 gains on global recovery trade, European shares gain, Gold dips, Oil prices slip after China cuts import quotas-December 30th,2021
America’s Roundup: Dollar hits one-month high vs yen , Wall street closes up, Gold gains ,Oil settles higher on 2022 demand optimism-January 4th,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 strengthens against dollar after UK CPI data, European shares gain, Gold off one-week lows, Oil highest since 2014 as Turkey outage adds to tight supply outlook-January 19th,2022
Europe Roundup: Euro dips against stronger dollar, European shares slip, Gold dips, Oil prices edge up on Kazakhstan, Libyan supply worries-January 10th,2022
Europe Roundup: Sterling gains against dollar on rate appeal, European stocks gains, Gold steadies, Oil steady as rising Libyan output offsets supply worries-January 17th,2022
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
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
America’s Roundup: Dollar edges higher after Fed minutes, Wall Street ends lower, Gold dips, Oil rallies even as OPEC+ boosts output, U.S. fuel demand dips-January 6th,2022
America’s Roundup: Dollar rises on U.S. interest rate hike optimism, Wall Street tumbles,Gold eases, Oil prices fall on demand concerns and rising Libyan output-January 11th,2022
Europe Roundup: Sterling gains as risk appetite improves, European shares gain, Gold hits more than one-week high, Oil trades at one-month high-December 28th,2021
America’s Roundup: Dollar gains as traders assess Fed rate hike bets Wall Street slips, Gold slips, Oil hit 7-year highs as tight supply bite-January 19th,2022
America’s Roundup: Dollar eases after Powell testimony , Wall Street closes higher, Gold gains, Oil jumps nearly 4% as Omicron impact seen as short-lived-January 12th,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
Europe Roundup: Sterling consolidates above 1.3300 as central bank eyed, European shares gain, Gold gains, Oil climbs over 2% ahead of OPEC meeting amid Omicron concerns-December 1st,2021
•German Oct Retail Sales (MoM) -0.3%,1.0% forecast,-2.5% previous
• German Oct Retail Sales (YoY) -2.9%,-2.0% forecast, -0.9% previous
•UK Nov Nationwide HPI (MoM) 0.9%, 0.5% forecast, 0.7% previous
•UK Nov Nationwide HPI (YoY) 10.0%, 9.3% forecast, 9.9% previous
•Swiss Nov CPI (YoY ) 1.5%,1.4% forecast, 1.2% previous
•Swiss Nov CPI (MoM) 0.0%, -0.1% forecast, 0.3% previous
•Italian Nov Manufacturing PMI 62.8, 61.1 forecast, 61.1 previous
•French Nov Manufacturing PMI 55.9,54.6 forecast, 54.6 previous
•German Nov Manufacturing PMI 57.4,57.6 forecast, 57.6 previous
•EU Nov Manufacturing PMI 58.4, 58.6 forecast, 58.6 previous
•UK Nov Manufacturing PMI 58.1, 58.2 forecast, 58.2 previous
Looking Ahead Economic Data (GMT)
•13:15 US Nov ADP Nonfarm Employment Change 525K forecast, 571K previous
•13:30 Canada Oct Building Permits (MoM) -1.0% forecast, 4.3% previous
•14:30 Canada Nov Manufacturing PMI 57.7 previous
•14:45 US Nov Manufacturing PMI 59.1 previous
•15:00 US Oct Construction Spending (MoM) 0.4% forecast, -0.5% previous
•15:00 US Nov ISM Manufacturing PMI 61.0 forecast, 60.8 previous
•15:00 US ISM Manufacturing Employment 52.0 previous
•15:30 US Crude Oil Inventories -1.237M forecast, 1.017M previous
•15:30 US Cushing Crude Oil Inventories 0.787M previous
Looking Ahead - Events, Other Releases (GMT)
•14:00 UK BoE Gov Bailey Speaks
•15:00 US Fed Chair Powell Testifies
EUR/USD: The euro dipped against dollar on Wednesday after data showed German factory activity in November dipped. Supply chain problems held back growth in German manufacturing activity for the fourth month running in November, a survey showed on Wednesday, supporting expectations for a weak final quarter for factories in Europe's largest economy.IHS Markit's final Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of Europe's largest economy, fell to 57.4 in November, down from 57.8 in October and the lowest in 10 months. 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: The British pound inched higher on Wednesday but held near a 2021 low versus the U.S. dollar as doubts grew on whether the Bank of England will raise interest rates at a policy meeting this month. The BoE said in November it would probably have to raise rates from its all-time low of 0.1% "over the coming months", but policymakers have sounded increasingly divided on this prospect after a new coronavirus variant was detected. Sterling edged 0.2% higher to $1.33 after falling briefly below $1.32 to a fresh 2021 low in volatile trading on Tuesday.Immediate resistance can be seen at 1.3316(5DMA), an upside break can trigger rise towards 1.3366(38.2%fib).On the downside, immediate support is seen at 1.3285 (23.6%fib), a break below could take the pair towards 1.3204(Daily low).
USD/CHF: The dollar edged higher against the Swiss franc on Wednesday as risk appetite returned to markets, but uncertainty over the impact of the Omicron coronavirus variant was expected to keep investors on edge. The other main issue top of investors' minds was the speed at which the U.S. Federal Reserve will taper its massive stimulus programme, and when it will hike interest rates. On Tuesday, Powell said U.S. central bankers in December will discuss whether to end their bond purchases a few months earlier than had been anticipated. Immediate resistance can be seen at 0.9208 (38.2% fib), an upside break can trigger rise towards 0.92340(Ichimoku Cloud top).On the downside, immediate support is seen at 0.9172(50%fib), a break below could take the pair towards 0.9136(61.8%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Wednesday as dollar found support in renewed expectations for interest rates hikes . U.S. central bankers in December will discuss whether to end bond purchases a few months earlier than expected, Federal Reserve Chair Jerome Powell said, pointing to a strong economy, stalled workforce growth and high inflation that is expected to last into mid-2022. The dollar index rose 0.03% to 95.997 at 0920 GMT, after it registered its strongest month since June, despite volatility triggered by Omicron. Strong resistance can be seen at 113.67 (23.6% fib), an upside break can trigger rise towards 114.00 (Psychological level).On the downside, immediate support is seen at 113.13(38.2%fib), a break below could take the pair towards 112.59(50%fib).
European stocks rose on Wednesday as bargain hunters returned after a rough November, lifting sectors such as travel, oil and mining that were battered by fears about the Omicron coronavirus variant upending economic activity.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last trading up at 1.44 percent, Germany's Dax was up by 1.68 percent, France’s CAC finished was up by 1.57 percent.
Gold rose on Wednesday, as softer bond yields and uncertainty about economic growth due to the Omicron variant of coronavirus lifted its appeal.
Spot gold rose 0.3% to $1,778.56 per ounce by 0840 GMT. U.S. gold futures rose 0.2% to $1,780.60.
Oil prices rose more than 2% on Wednesday, recouping some of the steep losses from the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant.
Brent crude futures rose $1.90, or 2.7%, to $71.13 a barrel at 0504 GMT, after a 3.9% slump on Tuesday.
U.S. West Texas Intermediate (WTI) crude futures rose $1.71, or 2.6%, to $67.89 a barrel, after a 5.4% drop on Tuesday.