Europe Roundup: Euro dips as greenback firms as U.S. inflation poses next test, Gold eases, Oil gains after U.S. infrastructure bill passes-November 8th,2021
America’s Roundup: Dollar steadies near 16-month high, Gold drops to near 3-week low, Oil rises 3% to one-week high after U.S. taps emergency reserves-November 24th,2021
Europe Roundup: Euro edges up as investors shrug off a more hawkish Fed, European shares rise, Gold steadies, Oil slips-November 25th,2021
America’s Roundup: Dollar falls ahead of U.S. inflation data, Wall Street ends lower, Gold gains, Oil rises on higher demand projections and supply shortages -November 10th,2021
America’s Roundup: Dollar dips from 16-month high as rally pauses, Wall street ends mixed ,Gold slips, Oil price hovers above six-week low -November 19th,2021
America’s Roundup: Dollar rises on hawkish Fed, strong consumer expenditure data, Wall Street ends higher, Gold hits 3-week low, Oil steadies as investors question reserve release-November 25th,2021
America’s Roundup: Dollar rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
Europe Roundup: Sterling rises on reports UK-EU deal on N.Ireland still possible, European shares gain,Gold slips, Oil prices head for weekly dip-November 12th,2021
America’s Roundup: Dollar dominates as inflation heats up, Wall Street ends little changed, Gold hits 5-month high, Oil settles mixed on questions over crude supply and demand-16th November,2021
Europe Roundup: Euro falls to July 2020 lows as Germany's business morale darkens, Gold steadies, oil prices rise despite release of crude from strategic reserve-November 24th,2021
Europe Roundup: Sterling steadies against dollar, European shares gain,Gold edges lower, Oil prices slide on expectations of higher supply, weaker demand-November 15th,2021
Europe Roundup: Sterling steady as rate hike expectations grow, Gold range-bound, European shares edges higher, Oil near six-week low as China readies crude reserve release-November 18th,2021
America’s Roundup: Dollar gains as US CPI sparks tightening fears, Wall Street ends lower, Gold hit a five-month high, Oil prices plunge into close, roiled by inflation fears-November 11th,2021
America’s Roundup: Dollar dips on new coronavirus variant fear, Wall Street ends lower,Gold heads for worst week since mid-Jun, Oil settles down $10/bbl in largest daily drop since April 2020-November 27th,2021
Europe Roundup: Sterling gains against dollar, European stocks extend gains, Gold firms, Oil drops on oversupply warnings, rising COVID cases-November 17th, 2021
Europe Roundup: Sterling dips after UK inflation reading, European shares little changed, Gold gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
•UK Sep CPI (YoY) 3.1% ,3.2% forecast, 3.2% previous
•UK Sep CPI, n.s.a 112.40, 112.10 previous
•UK Sep Core RPI (MoM) 0.4% ,0.7% previous
•UK Sep Core CPI MoM (MoM) 0.4%,0.5% forecast, 0.7% previous
•German Sep PPI (MoM) 2.3%, 1.0% forecast, 1.5% previous
•UK Sep CPI (MoM) 0.3%,0.4% forecast, 0.7% previous
•UK Sep Core PPI Output (MoM) 0.5%,1.0% previous
•UK Sep Core PPI Output (YoY ) 5.9%,5.3% previous
•UK Sep PPI Input (MoM) 0.4%,1.0% forecast, 0.4% previous
•EU Aug Current Account 13.4B, 21.6B previous
•EU Sep CPI (MoM) 5.0%,0.5% forecast, 0.4% previous
•EU Sep CPI (YoY) 3.4%, 3.4% forecast, 3.4% previous
•EU Sep Core CPI (YoY) 1.9%,1.9% forecast, 1.9% previous
•EU Sep HICP ex Energy and Food (MoM) 0.4%, 0.4%forecast, 0.2% previous
•EU Sep Core CPI (MoM) 0.5%,0.5% forecast, 0.5% previous
Looking Ahead Economic Data (GMT)
•12:30 Canada Common CPI (YoY) 1.8% previous
•12:30 Canada Median CPI (YoY) 2.6% previous
•12:30 Canada Trimmed CPI (YoY) 3.3% previous
•12:30 Canada Sep CPI (MoM) 0.1% forecast, 0.2% previous
•12:30 Canada Sep Core CPI (YoY) 3.5% previous
•12:30 Canada Sep Core CPI (MoM) 0.2% previous
•14:30 US Gasoline Inventories -1.267M forecast, -1.958M previous
•14:30 US Cushing Crude Oil Inventories -1.968M previous
•14:30 US Crude Oil Inventories 1.857M forecast, 6.088M previous
Looking Ahead - Events, Other Releases (GMT)
•17:00 US FOMC Member Quarles Speaks
EUR/USD: The euro was little changed on Wednesday after euro zone inflation came in line with expectation . The European Union’s statistics office Eurostat said consumer prices in the 19 countries using the euro rose 0.5% month-on-month in September for a 3.4% year-on-year rise, as earlier estimated by Eurostat. While the headline number was well above the European Central Bank’s target of 2%, the overshoot was mainly a result of a 17.6% year-on-year surge in energy prices and a 2.0% rise in the costs of food, alcohol and tobacco. Immediate resistance can be seen at 1.1658 (38.2%fib), an upside break can trigger rise towards 1.1708(50%fib).On the downside, immediate support is seen at 1.1592 (23.6%fib), a break below could take the pair towards 1.1500(Psychological level).
GBP/USD: The British pound dipped against the dollar on Wednesday as sterling attracted sellers after UK inflation reading. Consumer prices rose 3.1% in annual terms in September, easing back from 3.2% in August, the Office for National Statistics said. A poll of economists had pointed to inflation of 3.2% in September, although 11 of the 34 analysts polled predicted a slowdown. The pound was down marginally at $1.3784 GBP=D3 by 0830 GMT, below a one-month high of $1.3834 reached on Tuesday. Against the euro, the pound was unchanged at 84.34 pence.Immediate resistance can be seen at 1.3803(23.6%fib),an upside break can trigger rise towards 1.3856(Higher BB).On the downside, immediate support is seen at 1.3726(38.2%fib), a break below could take the pair towards 1.3687(50%fib).
USD/CHF: The dollar strengthened against Swiss franc on Wednesday as an improvement in global risk appetite boosted dollar. The dollar index was steady at 93.820 , having fallen since it hit a one-year high of 94.563 last week on expectations that the U.S. Federal Reserve would tighten policy more quickly than previously expected. Traders priced in a tapering of Fed stimulus as soon as next month, followed by rate hikes next year. Immediate resistance can be seen at 0.9253(50%fib), an upside break can trigger rise towards 0.9284(61.8%fib).On the downside, immediate support is seen at 0.9216(38.2%fib), a break below could take the pair towards 0.9188(Higher BB).
USD/JPY: The dollar strengthened against yen on Wednesday as yen was dented by stronger dollar, expectations of a wider trade deficit in Japan due to rising oil prices and on views the Bank of Japan will stick to loose monetary policy even as other central banks move to tighten their policies. The dollar has gained 4.6% against the yen since its latest low hit in mid-September, amid growing bets that the United States will soon start unwinding pandemic-era policy, while Japan looks poised to keep interest rates low for some time. Strong resistance can be seen at 114.55(23.6%fib), an upside break can trigger rise towards 115.00(Psychological level).On the downside, immediate support is seen at 113.95(38.2%fib), a break below could take the pair towards 113.50(50%fib).
European shares were flat on Wednesday as strong results from Nestle boosted food company stocks and made up for disappointing earnings from a clutch of firms, including French luxury group Kering and Dutch semiconductor company ASML.
At (GMT 10:46 ),UK's benchmark FTSE 100 was last trading up at 0.03 percent, Germany's Dax was up by 0.11 % percent, France’s CAC was last down by 0.09 percent.
Gold prices rose on Wednesday, buoyed by a softer dollar, although gains were capped by elevated Treasury yields and the looming stimulus tapering by the U.S. Federal Reserve.
Spot gold was up 0.5% to $1,777.90 per ounce at 0924 GMT. The metal rose as much as 1.2% on Tuesday. U.S. gold futures gained 0.5% to $1,779.40.
Oil futures rose on Tuesday and were near multi-year highs as an energy supply crunch continued across the globe, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs.
The Brent crude benchmark rose 75 cents to settle at $85.08 a barrel. U.S. West Texas Intermediate (WTI) futures rose 52 cents to settle at $82.96 a barrel.