Europe Roundup: Sterling edges higher after UK jobs data leaves rate bets intact, European shares dips, Gold firms, Oil nears three-year high on energy crunch fears-October 12th,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 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: 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 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 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
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
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 rate hike bets fade, Wall Street dips, Gold trims gains, Oil hovers below recent highs, ends week up-October 23rd,2021
Europe Roundup: Sterling edges lower against dollar, European stocks edge higher, Gold firms, Oil prices extend gains to multi-year highs on tight supply-October 25th,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
Europe Roundup: Euro little changed ahead of ECB meeting, European stocks gain, Gold dips, Oil drops ahead of stocks data, Iran talks-October 26th,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
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
America’s Roundup: Dollar gains as energy price surge drives inflation worries , Wall Street rises, Gold firms ,Oil retreats from multi-year highs after U.S. stock build-October 7th,2021
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 edges up after UK inflation jump, European stocks slip, Gold eases, Oil prices climb after drawdown in U.S. stocks-September 15th,2021
•UK Aug Core PPI Output (MoM) 1.0%, 0.7% previous
•UK Aug Core PPI Output (YoY) 5.3%, 3.9% previous
•UK Aug PPI Output (MoM) 0.7%,0.4% forecast, 0.6% previous
•UK Aug PPI Input (MoM) 0.4%,0.2% forecast, 0.8% previous
•UK Aug CPI (YoY) 3.2%,2.9% forecast, 2.0% previous
•UK Aug CPI (MoM) 0.7%, 0.5%,0.5% previous
•French Aug CPI (MoM) 0.6%, 0.1% previous
•French Aug HICP (YoY) 2.4%,2.4% forecast, 1.5% previous
•French Aug HICP (MoM) 0.7%,0.7% forecast, 0.1% previous
•Italian Aug HICP (YoY) 2.5%, 2.6% forecast, 1.0% previous
•Italian Aug HICP (MoM) 0.2%,0.3% forecast, -1.0% previous
•Italian Aug CPI (MoM) 0.4%,0.5% forecast, 0.5% previous
•EU Wages in euro zone (YoY) (Q2) -0.40%,2.20% previous
•EU Industrial Production (YoY) 7.7%,6.3% forecast, 9.7% previous
•EU Jul Industrial Production (MoM) 1.5%,0.6% forecast, -0.3% previous
Looking Ahead –Economic Data (GMT)
•12:30 Canada Aug Core CPI (MoM) 0.6% previous
•12:30 US Aug Import Price Index (MoM) 0.3% forecast, 0.3% previous
•12:30 Canada Aug Core CPI (YoY) 3.3% previous
•12:30 US Aug Export Price Index (MoM) 0.4% forecast, 1.3% previous
•12:30 US Sep NY Empire State Manufacturing Index 18.00 forecast, 18.30 previous
•12:30 Canada Aug CPI (MoM) 0.1% forecast, 0.6% previous
•13:15 US Aug Industrial Production (YoY) 6.56% previous
•13:15 US Aug Industrial Production (MoM) 0.4% forecast, 0.9% previous
•14:00 US Crude Oil Inventories -3.544M forecast, -1.529M previous
Looking Ahead - Events, Other Releases (GMT)
•15:00 ECB's Lane Speaks
•15:20 German Buba Balz Speaks
EUR/USD: The euro strengthened against dollar on Wednesday as softer-than-expected U.S. inflation weighed on greenback. CPI numbers suggested the Federal Reserve might be more dovish at next week’s policy meeting. The U.S. central bank was getting ready to reduce its bond-buying programme while deciding how soon to lift interest rates from near zero. Investors will now focus on ECB speakers, including Spain’s governor Pablo Hernández de Cos, board member Isabel Schnabel and Chief Economist Philip Lane.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 edged up on Wednesday, but was off the multiple-week high touched the previous day, after data showed British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could act sooner to hike rates. Consumer prices in Britain rose by 3.2% in annual terms last month, the biggest monthly jump in the annual rate in at least 24 years. Sterling rose 0.2% versus the dollar at $1.3824 by 0825, but it was off the 5-week high of $1.3913 against the dollar touched on Tuesday.Immediate resistance can be seen at 1.3824(38.2%fib),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 declined against the Swiss franc on Wednesday 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 declined against yen on Wednesday as the dollar dipped on lower-than-expected U.S. inflation figures which softened expectations for stimulus to be tapered soon. Underlying U.S. consumer prices increased at their slowest pace in six months in August, lending credence to the Fed’s view that high levels of inflation were transitory. Focus now shifts to the Fed’s two-day monetary policy meeting next week for more cues on tapering. 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 slipped on Wednesday as worries about a slowing Chinese economy, declines in luxury and travel stocks and soaring UK inflation kept the main indexes under pressure.
At (GMT 11:30),UK's benchmark FTSE 100 was last trading up at 0.05% percent, Germany's Dax was down by 0.13 %percent, France’s CAC was last down by 0.54% percent.
Gold prices on Wednesday consolidated in a tight range near the key $1,800 level as softer U.S. inflation data fed uncertainty about the Federal Reserve’s tapering timeline.
Spot gold was down 0.1% at $1,801.97 per ounce by 1133 GMT, just below a one week peak of $1,808.50 hit on Tuesday, in part because the dollar recovered some ground following a slide driven by the inflation data.
Oil prices climbed nearly $1 on Wednesday after industry data showed a larger than expected drawdown in U.S. crude inventories and on expectations demand will rise as vaccination roll-outs widen.
Brent oil rose 92 cents, or 1.3%, to $74.52 a barrel by 1100 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 98 cents, or 1.4%, to $71.44 a barrel.