America’s Roundup: Dollar steady after jobs miss as investors bet taper is on track, Wall Street ends lower, Gold pares gains, Oil rises as the energy crunch shows no signs of slowing down-October 9th,2021
America’s Roundup: Dollar near one-year high,Wall Street surges, Gold dips, Oil eases as U.S. mulls strategic reserve sales-October 8th,2021
America’s Roundup: Dollar dips after weak U.S. factory production data, Wall Street gains, Gold edges down, Oil prices pull back as U.S. factory data intensifies demand concerns-October 19th,2021
Europe Roundup: Sterling falls against dollar, European stocks skid, Gold eases, Oil hits multi-year high on OPEC+ restraint amid global energy crunch-October 6th,2021
Europe Roundup: Sterling hovers near six-day highs vs dollar, European shares dips,Gold slips, Oil steady ahead of OPEC+ supply policy meeting-October 4th,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 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: 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
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
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
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: 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 rises against its rivals, Wall Street ends lower,Gold slides over 1%, Brent dips after topping $80 a barrel, highest since Oct 2018-September 29th,2021
Europe Roundup: Sterling unmoved by strong Q2 GDP growth, as inflation fears bite, European shares rebound, Gold climbs, Oil falls after U.S. inventories swell-September 30th,2021
America’s Roundup: Dollar hits 2021 peak, Wall Street ends mixed, Gold retreats, Oil prices slip as U.S. inventories rise-September 30th,2021
Europe Roundup: Euro consolidates ahead of U.S. non-farms payrolls report, European stocks dip, Gold range-bound, Oil climbs on switch from gas and doubts over U.S. releasing reserves-October 8th, 2021
Europe Roundup: Sterling dips as traders assess inflation impact, European shares gain,Gold dips, Oil holds above $75 as U.S. inventory drop supports-September 16th,2021
•French Jul Car Registration (MoM) -42.0%, -42.0% previous
•French Jul Car Registration (YoY) -35.3%,-14.7% previous
•Italian Jul Car Registration (YoY) -19.2%,12.6% previous
•UK Jul Car Registration (YoY) -29.5%,28.0% previous
•German Jul Car Registration (YoY) -24.9%,24.5% previous
•Italian Jul Trade Balance 8.762B, 5.681B previous
•EU Jul Trade Balance 18.1B previous
Looking Ahead –Economic Data (GMT)
•Canada Aug Housing Starts 268.0K forecast, 272.2K previous
•12:30 US Sep Philly Fed Employment 32.6 previous
•12:30 US Sep Philly Fed CAPEX Index 33.70 previous
•12:30 US Aug Retail Sales (YoY) 15.78% previous
•12:30 Canada Jul Wholesale Sales (MoM) -2.0%,-0.8% previous
•12:30 US Initial Jobless Claims 330K, 310K previous
•12:30 US Jobless Claims 4-Week Avg 339.50K previous
•12:30 US Continuing Jobless Claims 2,785K forecast, 2,783K previous
•12:30 US Aug Retail Control (MoM) -0.1% forecast, -1.0% previous
•12:30 US Aug Core Retail Sales (MoM) -0.1% forecast, -0.4% previous
•12:30 US Retail Sales (MoM) -0.8%, -1.1% previous
•12:30 US Sep Philadelphia Fed Manufacturing Index 18.8, 19.4 previous
•14:00 US Jul Business Inventories (MoM) 0.5%, 0.8% previous
•14:00 US Retail Inventories Ex Auto 0.5% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Thursday as uncertainty around both the U.S Federal Reserve's timeline for tapering asset purchases and a global economic rebound from the pandemic prevented investors from making new bets. Market participants looked to next week'sFed policy meeting for indications on the bank's hawkish tilt.The euro was down 0.2% at $1.17865.Immediate resistance can be seen at 1.1830 (23.6%fib), an upside break can trigger rise towards 1.1865(10th Sep high).On the downside, immediate support is seen at 1.1800(38.2%fib), a break below could take the pair towards 1.1789 (21DMA).
GBP/USD: Sterling fell versus the dollar on Thursday as traders assessed the Bank of England’s next move after data showed British inflation hit a more than nine-year high in August, fuelling expectation of a rate increase.The BoE expects inflation to hit a peak of 4% this year. The strong reading for inflation could reinforce expectations that the central bank is set to tighten monetary policy quicker than the European Central Bank or the U.S. Federal Reserve. Sterling edged 0.2% lower at $1.3812 at 0840 GMT, off the 5-week high of $1.3913 touched earlier this week. Immediate resistance can be seen at 1.3856(Daily high),an upside break can trigger rise towards 1.3885 (23.6%fib).On the downside, immediate support is seen at 1.3773(50%fib), a break below could take the pair towards 1.3724(61.8%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Thursday as weaker -expected rise in U.S. inflation led to uncertainty on when the U.S. central bank would begin tapering its asset purchases. Data earlier in the day showed underlying U.S. consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked, though it could remain high for a while amid persistent supply constraints. The U.S. central bank is due to hold its two-day monetary policy meeting next week. 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 Thursday as traders looked to next week’s Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus. 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 dollar index, which measures the currency against six rivals, was 0.2% higher at 92.626, little changed from Wednesday. The dollar gained 0.1% to 109.28 yen, after sliding to a six-week low of 109.110 in the previous session.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 shares opened higher on Thursday, though market participants were still cautious after Asian equities fell for a fourth consecutive day, and as focus turns to key U.S. data due later in the session.
At (GMT 12:10),UK's benchmark FTSE 100 was last trading up at 0.17% percent, Germany's Dax was up by 0.45 %percent, France’s CAC was last up by 0.90% percent.
Gold prices eased on Thursday as a firmer dollar dented the metal’s allure for holders of other currencies, while investors awaited the U.S. Federal Reserve’s meeting for guidance on its timeline for stimulus withdrawal and interest rate hikes.
Spot gold was down 0.4% at $1,785.13 per ounce, as of 0702 GMT, while U.S. gold futures als0 fell 0.4% to $1,787.40.
Oil slipped but held above $75 a barrel on Thursday, within sight of a near seven-week high hit a day earlier, supported by a big drop in U.S. crude inventories and expectations of recovering global demand
Brent crude was down 9 cents, or 0.1%, to $75.37 by 0815 GMT. On Wednesday, Brent touched $76.13, its highest since July 30. U.S. West Texas Intermediate (WTI) was down 4 cents at $72.57.