Europe Roundup: Euro eases on firm dollar as Fed seen sticking to taper plans European stocks slip,Gold eases, Oil jumps to multi-year highs on global energy crunch-11th October,2021
Europe Roundup: Sterling dips after retail sales miss forecasts, European shares rises,Gold gains, Oil stays near $85 a barrel, Brent set for seventh weekly gain-October 22nd,2021
America’s Roundup: Dollar firms ahead of U.S. jobs data, Wall Street ends sharply higher ,Gold edges down, Oil hits multi-year highs as OPEC+ sticks to output plan-October 6th ,2021
America’s Roundup: Dollar hits one-year high as U.S. yields rise, Wall Street closes lower ,Gold gains, Oil steadies as energy crisis increases volatility-October 13th,2021
Europe Roundup: Sterling holds above $1.36 after UK GDP data, European stocks gain, Gold gains, Oil falls on concerns of faltering economic growth to hit demand-October 13th, 2021
America’s Roundup: Dollar gains as traders assess rate hike prospects, Wall Street ends higher, Gold rises, Oil prices reach multi-year highs on tight supply-October 26th,2021
Europe Roundup: Sterling dips as risk currencies' rally pauses, European stocks dips,Gold holds firm ,Oil hits multi-year high above $86, then pulls back-October 21st,2021
America’s Roundup: Dollar dips in choppy trading, Wall Street rises, Gold rises to one-month high, Oil prices rise, as Saudis dismiss supply concerns as demand grows-October 15th,2021
Europe Roundup: Euro gains as dollar pauses rally, European shares rise, Gold near one-month peak, Oil prices climb on upgrade to IEA demand forecast-October 14th,2021
America’s Roundup: Dollar eases from one-year high after US inflation data, Wall Street ends higher, Gold jumps 2% ,Oil eases on profit taking, demand jitters; stays near highest in years-October 14th,2021
America’s Roundup: Dollar vaults to nearly 3-year high vs yen, Wall Street ends lower, Gold slips, Oil settles up 1.5%; hits multi-year highs on surging demand-October 12th,2021
Europe Roundup: Euro falls as stronger U.S. bond yields, dollar weighs, European stocks fall, Gold dips, Oil prices climb as COVID recovery, power generators stoke demand-October 18th, 2021
America’s Roundup: Dollar dips as bonds stabilize, Wall Street ends higher, Gold pares gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
Europe Roundup: Sterling hits four-week high vs dollar, European stocks inch up, Gold gains, Oil prices rise on China energy demand concerns-October 19th,2021
America’s Roundup, Dollar slips against key rivals, Wall Street ends lower,Gold hits over 1-week peak, Oil settles above $81 with OPEC+ sticking to output increase-October 5th,2021
Europe Roundup: Euro dips on dollar advance as traders wait for U.S. jobs data, European shares gains, Gold dips ,Oil holds near 3-year highs after OPEC+ keep tight control of taps-October 5th,2021
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,2021
•UK Aug Retail Sales (YoY) 0.0%,2.7% forecast,2.4% previous
•UK Aug Core Retail Sales (YoY) -0.9%, 2.5% forecast, 1.8% previous
•UK Aug Core Retail Sales (MoM) -1.2%, 0.8% forecast, -2.4% previous
•UK Aug Retail Sales (MoM) -0.9%,0.5% forecast, -2.5% previous
•EU Aug CPI (MoM) 0.4%,0.4% forecast, -0.1% previous
•EU Aug CPI (YoY) 3.0%,3.0% forecast, 2.2% previous
•EU Aug Core CPI (YoY) 1.6%, 1.6% forecast, 1.6% previous
Looking Ahead –Economic Data (GMT)
•14:00 US Sep Michigan Current Conditions 78.5 previous
•14:00 US Sep Michigan Consumer Expectations 65.1 previous
•14:00 US Sep Michigan Consumer Sentiment 72.0 forecast, 70.3 previous
•14:00 US Sep Michigan 5-Year Inflation Expectations 2.90% previous
•14:00 US Sep Michigan Inflation Expectations 4.6% previous
•14:00 U.S Baker Hughes Total Rig Count 497 previous
•14:00 U.S Baker Hughes Oil Rig Count 394 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro strengthened against dollar on Friday but gains were limited as markets were generally quiet on Friday and traders were reluctant to put on new big positions ahead of a clutch of important central bank meetings next week including from the Fed, the Bank of Japan and the Bank of England. In the United States, the Federal Open Market Committee's (FOMC) two-day policy meeting ending Sept. 22 should provide some clarity on the outlook for both tapering and eventual interest rate hikes.The euro was up 0.11% at $1.1778.Immediate resistance can be seen at 1.1785 (38.2%fib), an upside break can trigger rise towards 1.1817(23.6%fib).On the downside, immediate support is seen at 1.1759(50%fib), a break below could take the pair towards 1.1733 (61.8%fib).
GBP/USD: Sterling held below a recent one-month high versus the dollar on Friday as UK retail sales undershot expectations, while some investment banks brought forward their forecast for a Bank of England rate rise to the middle of 2022.British retail sales volumes unexpectedly fell last month in their longest streak of declines since current records began, though they remain above pre-pandemic levels. Sterling was flat at $1.3784 at 0745 GMT, not far from the one-week low of $1.3765 touched on Thursday. It hit an early August high of $1.3913 on Sept. 14. Immediate resistance can be seen at 1.3811(38.2%fib),an upside break can trigger rise towards 1.3873 (23.6%fib).On the downside, immediate support is seen at 1.3764(50%fib), a break below could take the pair towards 1.3714(61.8%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Friday as better-than-expected retail sales numbers in the United States boosted bets on the strength of the U.S. economy . U.S. retail sales unexpectedly increased in August, rising 0.7% from the previous month despite expectations of a 0.8% fall, while a business sentiment survey by the Philadelphia Fed also showed a big improvement. The more bullish mood faces another test later today with the release of the University of Michigan's consumer sentiment index, which surprised many investors last month by tumbling to a decade-low due to smaller income gains and higher inflation. Immediate resistance can be seen at 0.9176 (38.2%fib), an upside break can trigger rise towards 0.9204 (Daily high).On the downside, immediate support is seen at 0.9161(21DMA), a break below could take the pair towards 0.9131(50%fib).
USD/JPY: The dollar strengthened against yen on Friday as strong U.S. retail sales data buoyed the dollar. Retail sales rose 0.7% last month. Data for July was revised down to show retail sales declining 1.8% instead of 1.1% as previously reported. Economists polled had forecast retail sales would drop 0.8%. Sales increased 15.1% from a year ago and are 17.7% above their pre-pandemic level. The dollar rose to 109.84 yen, having gained 0.34% on Thursday to rise off Wednesday’s six-week low of 109.11.Strong resistance can be seen at 109.18(38.2%fib), an upside break can trigger rise towards 109.70(23.6%fib).On the downside, immediate support is seen at 109.15(50%fib), a break below could take the pair towards 108.84(61.8%fib).
European stocks were on track for weekly gains on Friday as news that Britain was mulling easing travel restrictions boosted airlines and hotel groups, while a rebound in luxury stocks also supported the main indexes.
At (GMT 09:58),UK's benchmark FTSE 100 was last trading down at 0.10% percent, Germany's Dax was down by 0.15 %percent, France’s CAC was last down by 0.02% percent.
Gold regained some ground on Friday after a drop of nearly 3% in the last session, but a firm dollar kept bullion on course for a weekly decline with the focus still on an upcoming U.S. Federal Reserve meeting.
Spot gold rose 0.7% to $1,765.73 per ounce by 0925 GMT, while U.S. gold futures gained 0.6% to $1,766.30.
Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after two hurricanes in the U.S. Gulf of Mexico.
Brent crude futures fell 27 cents, or 0.36%, to $75.40 a barrel by 0838 GMT, erasing Thursday's 21 cent gain.
U.S. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.54%, at $72.22 after settling unchanged in the previous session.