America’s Roundup: Dollar gains ahead of inflation data, euro falls after ECB, Wall Street ends lower, Gold falls,Oil slips on China lockdowns, but bullish trends intact-June 10th,2022
America’s Roundup: Dollar eases as growth fears push yields lower, Wall Street ends lower, Gold gains, Oil falls around 3% -June 23rd,2022
Europe Roundup: Euro gains ahead of ECB announcement, European stocks slip, Gold dips, Oil prices advance despite U.S. inventory rise-June 8th,2022
Europe Roundup: Sterling set for second weekly decline vs dollar as economic outlook weighs, European stocks falls, Gold dips, Oil prices on track for weekly gain amid high U.S. demand-June 10th,2022
America’s Roundup: Dollar pulls back as markets reassess Fed interest rate path, Wall Street ends higher, Gold edges higher, Oil settles up but posts a weekly decline on recession worries-June 25th,2022
America’s Roundup: Dollar gains on hot U.S. inflation data, Wall Street ends down sharply, Gold rebounds, Oil falls as U.S. inflation data surges, China imposes lockdowns-June 11th,2022
Europe Roundup:Sterling slips on weak GDP data, European shares falls, Gold falls 1%, Oil falls on Beijing's COVID-19 warning, inflation worries-June 13th,2021
America’s Roundup: Dollar pulls back as markets reconsider Fed rate bets, Wall Street ends higher, Gold edges lower, Oil surges after G7 pledge fresh Russian sanctions-June 28th,2022
America’s Roundup: Dollar gains as U.S. stocks fall, ECB decision on tap, Wall Street falls, Gold ticks up,Oil hovers near 13-week high on robust U.S. demand, China optimism-June 9th,2022
Europe Roundup: Euro struggles around $1.05 on gloomy PMIs, European shares falls, Gold dips, Oil rebounds as investors assess recession risks-June 23rd,2022
America’s Roundup: Dollar slips as recession risk keeps investors cautious, Wall Street ends higher, Gold falls, Oil ticks higher on strong demand, tight supply-June 22nd,2022
Europe Roundup: Sterling retreats as UK inflation hits new 40-year high, European shares fall,Gold extends fall, Oil slumps by around $5-June 22nd,2022
America’s Roundup: Dollar index jumps to two-decade high as traders await Fed rate move , Wall Street slips, Gold eases, Oil prices settle down on fears of Fed and oil profit tax-June 15th,2022
Europe Roundup: Sterling falls to near 3-week lows, European shares fell, Gold firms, Oil prices stable as market juggles risk sentiment with tight supplies-June 7th ,2022
Europe Roundup: Euro dips as dollar stands tall ,European stocks slips, Gold ticks up, Oil prices rise as tight supply counters China COVID, recession worries-June 14th,2022
Europe Roundup: Sterling gains against weaker dollar , European shares rises, Gold firms, Oil surges above $1 but on course for second weekly declined on recession fears-June 24th,2022
Europe Roundup: Sterling falls after downbeat UK PMI data, European shares slide,Gold gains, Oil drops on recession fears and China COVID curbs- May 24th,2022
•Finnish Apr Import Price Index (YoY) 31.2% ,29.1%previous
•Finnish Apr Export Price Index (YoY) 34.1% ,30.1% previous
•UK Apr Public Sector Net Borrowing 17.80B ,17.85B forecast, 17.32B previous
•French May Business Survey 106 ,107 forecast,106 previous
•French May Manufacturing PMI 54.5,55.0 forecast, 55.7 previous
•French May Services PMI 58.4, 58.6 forecast,58.9 previous
•German May Manufacturing PMI 54.7 , 54.0 forecast,54.6 previous
•German May Services PMI 56.3 ,57.2 forecast, 57.6 previous
•EU May Services PMI 56.3 ,57.5 forecast, 57.7 previous
•EU May Manufacturing PMI 54.4 ,54.9 forecast, 55.5 previous
•EU May Markit Composite PMI 54.9 , 55.3 forecast, 55.8 previous
•UK Manufacturing PMI 54.6 ,55.8 previous
•UK Services PMI 51.8,56.9 forecast, 58.9 previous
•UK Composite PMI 51.8 ,58.2 previous
Looking Ahead - Economic Data (GMT)
•12:30 Canada Mar Wholesale Sales (MoM) 0.9% forecast, -0.4% previous
•12:30 US Apr Chicago Fed National Activity 0.44 previous
•12:30 Canada Manufacturing Sales (MoM) 2.5% previous
•12:55 Redbook (YoY) 12.7% previous
•13:00 Canada ADP Nonfarm Employment Change 475.0K previous
•13:45 US May Manufacturing PMI 57.5 forecast, 59.2 previous
•13:45 US May Services PMI 55.2 forecast, 55.6 previous
•13:45 US May Markit Composite PMI 56.0 previous
•14:00 US Apr New Home Sales 750K forecast, 763K previous
•14:00 US Apr New Home Sales (MoM) -8.6% previous
•14:00 US May Richmond Manufacturing Index 14 previous
Looking Ahead - Economic events and other releases (GMT)
•17:15 UK MPC Member Tenreyro Speaks
•16:20 US Fed Chair Powell Speaks
•18:00 ECB President Lagarde Speaks
EUR/USD: The euro held near one-month highs as odds narrowed on a July rate rise from the ECB. The European Central Bank is likely to raise its key interest rate out of negative territory by the end of September and could lift it further, ECB President Christine Lagarde said on Monday after policymakers had for weeks made the case for lift-off. Markets now see 110 basis points of rate hikes this year, or moves of more than a quarter of a percentage point at each of the ECB's policy meetings from July. The euro up at $1.0713, having bounced 1.2% overnight in its best session since early March. Immediate resistance can be seen at 1.0763(50%fib), an upside break can trigger rise towards 1.0855 (61.8%fib).On the downside, immediate support is seen at 1.0667(38.2%fib), a break below could take the pair towards 1.0547 (23.6%fib).
GBP/USD: The pound declined against dollar on Tuesday as downbeat UK May PMI data weighed on pound. Momentum in Britain's economy slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher, according to a business survey on Tuesday that showed rising pessimism.S&P Global's flash Composite Purchasing Managers' Index (PMI), a monthly gauge of the services and manufacturing industries, fell to 51.8 in May from 57.6 in April, its lowest level since February last year. The PMI is likely to raise new questions about the strength of demand in Britain's economy .Immediate resistance can be seen at 1.2587(38.2%fib),an upside break can trigger rise towards 1.2657(Higher BB).On the downside, immediate support is seen at 1.2467 (23.6%fib), a break below could take the pair towards 1.2425 (Lower BB).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as a broad selloff in stock markets failed to boost the U.S. currency's safe haven appeal. Shares slid worldwide as disappointing company earnings and fears about slowing global economic growth punctured the mini rally of the last few trading days. The dollar, a rival safe-haven asset to Swiss franc, has been falling broadly alongside a decline in Treasury yields from multi-year peaks, with aggressive easing by the Federal Reserve already priced in. Immediate resistance can be seen at 0.9704(38.2%fib), an upside break can trigger rise towards 0.9723 (5DMA).On the downside, immediate support is seen at 0.9605(50% fib), a break below could take the pair towards 0.9582 (Lower BB ).
USD/JPY: The dollar dipped against the Japanese yen on Tuesday as declines in global stock markets and renewed investor concerns over slowing economic growth and monetary policy tightening weighed on dollar. Stock markets slid with U.S. stock futures down more than 2%.Trading was volatile with an index of currency market volatility holding firm at 9.6%, not far from a two-year high above 10.5% hit earlier this month. The dollar was 0.46 percent lower versus the Japanese yen at 127.30.Strong resistance can be seen at 128.14(5DMA), an upside break can trigger rise towards 128.69(11DMA).On the downside, immediate support is seen at 127.16 (Lower BB), a break below could take the pair towards 126.82 (38.2%fib).
European shares fell on Tuesday, tracking declines in global stock markets with business expansion data for May renewing investor concerns over slowing economic growth and monetary policy tightening.
At (GMT 09:38 ),UK's benchmark FTSE 100 was last trading down at 0.33 percent, Germany's Dax was down by 0.95 percent, France’s CAC was last down by 1.27 percent.
Gold prices firmed on Tuesday, as the U.S. dollar weakened to a one-month low for a second consecutive session, making greenback-priced bullion less expensive for overseas buyers.
Spot gold was up 0.3% at $1,858.19 per ounce, as of 0757 GMT, after rising to its highest since May 9 of $1,865.29 on Monday.U.S. gold futures rose 0.4% to $1,854.40.
Oil fell by almost $1 on Tuesday as concerns over a possible recession and China's COVID-19 curbs outweighed tight global supply and expectations of a pick-up in fuel demand with the U.S. summer driving season.
Brent crude fell 56 cents, or 0.5%, to $112.86 a barrel by 0815 GMT. U.S. West Texas Intermediate (WTI) crude dropped 72 cents, or 0.7%, to $109.57.