Europe Roundup: Euro falls back towards 2017 lows on Russian energy crisis, European shares gain, Gold falls, Oil rises but set for weekly drop as fears of weaker demand limit gains-May 13th,2022
Europe Roundup: Sterling dips on worsening global risk sentiment, European shares slip ,Gold prices dips, Oil prices fall on China's weak economic data-May 16th,2022
America’s Roundup: Dollar slips after CPI data as Fed expectations in check, Wall Street ends sharply lower, Gold bounces, Oil up more than 5%, as Russia-EU energy quarrel intensifies-May 12th,2022
Europe Roundup: Euro jumps on ECB rate rise talk, European shares dips, Gold prices firm, Oil rises as supply concerns persist-May 6th, 2022
Europe Roundup: Sterling steadies near June 2020 low, European shares gains, Gold recovers, Oil drops as economic worries, strong dollar weigh-May 10th,2022
Europe Roundup: Euro gains as dollar dips ahead of U.S. inflation data, European shares gain, Gold recovers, Oil rises on looming EU Russian oil ban, gas disruption-May 11th,2022
America’s Roundup: Dollar dips as Powell pushes back against 75 bp hike, Wall Street closes with sharp gains, Gold rises 1%, Oil jumps $5 a barrel as EU nears ban on Russian oil-May 5th,2022
America’s Roundup: Dollar higher in choppy trade as inflation data eyed, Wall Street ends mixed, Gold retreats, Oil settles below $100 a barrel on economic worries, strong dollar-May 11th,2022
America’s Roundup: Dollar rally stalls as risk appetite returns, Wall Street ends higher, Gold slips, Oil falls 2% on Powell comments, hopes for Venezuela supply-May 18th,2022
Europe Roundup: Sterling falls to new low versus dollar, European stocks slump, Gold dips, Oil slips more than 2% on fears recession may hit demand-May 12th,2022
America’s Roundup: Dollar dips to end trading week but set for weekly gain,Wall Street rallies, Gold falls, Oil jumps 4% as U.S. gasoline prices hit record high-May 14th,2022
America’s Roundup: Dollar gains as inflation jitters return, Wall Street ends sharply lower, Gold erases losses, Oil falls 2.5% as U.S. refiners ramp up output-May 19th,2022
America’s Roundup: Dollar hits two-decade high, Wall Street ends mixed, Gold retreats, Oil settles mixed amid Beijing lockdown fears, tight supplies-May 13th,2022
America’s Roundup: Dollar extends slide, Wall Street rallies, Gold gains, Oil settles nearly flat, recession worry vies with higher demand outlook-May 24th,2022
Europe Roundup: Sterling strengthens against dollar after strong UK jobs data, European shares gain, Gold gains, Oil rises on EU's Russian oil ban effort, demand hopes-May 17th,2022
Europe Roundup: Sterling gains on upbeat retail sales data, European shares climb, Gold hits one-week high , Oil steady as oil supply risks meet economic headwinds-May 20th,2022
Europe Roundup: Sterling gains against dollar, European shares edge lower, Gold edges higher, Oil prices slip –January 20th,2022
•German Dec PPI (MoM) 5.0% ,0.8% forecast,0.8%previous
•French Jan Business Survey 112, 111 forecast, 111 previous
•EU Dec Core CPI (YoY) 2.6%, 2.6% forecast,2.6% previous
•EU Dec CPI (MoM) 0.4%, 0.4% forecast, 0.4% previous
•EU Dec CPI (YoY) 5.0%,5.0 forecast,5.0 previous
Looking Ahead Economic Data
•13:30 US Initial Jobless Claims 220K forecast, 230K previous
•13:30 US Jobless Claims 4-Week Avg 210.75K previous
•13:30 US Continuing Jobless Claims 1,580K forecast, 1,559K previous
•13:30 Canada ADP Nonfarm Employment Change 231.8K previous
•13:30 US Jan Philadelphia Fed Manufacturing Index 20.0 forecast, 15.4 previous
•13:30 US Jan Philly Fed CAPEX Index 20.00 previous
•13:30 US Jan Philly Fed Prices Paid 66.10 previous
•13:30 US Philly Jan Fed Employment 33.9 previous
•15:00 US Dec Existing Home Sales (MoM) 1.9% previous
•15:00 US Dec Existing Home Sales 6.44M forecast, 6.46M previous
•15:00 US Crude Oil Inventories -0.938M forecast, -4.553M previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro edged higher on Thursday as dollar dipped as this week's rally in U.S. Treasury yields paused. The euro rose, gradually regaining some ground after suffering their worst days in a month on Tuesday, when the dollar was lifted by a jump in U.S. Treasury yields. The European single currency was last at $1.1368, up 0.2% on the day. Dollar index , which measures the greenback against six major peers, at 95.428, 0.2% lower on the session. Immediate resistance can be seen at 1.1347 (38.2%fib), an upside break can trigger rise towards 1.1385 (23.6%fib).On the downside, immediate support is seen at 1.1318 (50%fib), a break below could take the pair towards 1.1286 (61.8% fib).
GBP/USD: Sterling strengthened against dollar on Thursday as sterling was supported by expectations of BoE will rise interest rate. Money markets currently price in more than 100 basis points (bps) in interest rate rises in 2022 IRPR and an 87% chance of a 25 bps increase in February, after data showed on Wednesday that UK inflation rose faster than expected to its highest in nearly 30 years in December.Domestic politics is not damaging sentiment, after Prime Minister Boris Johnson dismissed calls to resign on Wednesday. The pound was up 0.15% against the greenback at $1.3633. Immediate resistance can be seen at 1.3634(38.2%fib), an upside break can trigger rise towards 1.3709(23.6%fib).On the downside, immediate support is seen at 1.3573 (50%fib), a break below could take the pair towards 1.3539 (21DMA).
USD/CHF: The dollar dipped against the Swiss franc on Thursday as investors continued to gauge how far and how quickly the Fed will begin raising rates this year. Encouraged by apparent lower severity of the Omicron variant, governments and central banks around the world are attempting to push their economies back into some version of normality. Fed Chair Jerome Powell said recently he sees an economy that functions right through these waves of COVID-19. Several Fed officials recently signaled interest rate rises are coming very soon.Fed is expected to raise its key interest rate three times this year, starting in March, to 0.75-1.00% by end-2022. Immediate resistance can be seen at 0.9183 (20DMA), an upside break can trigger rise towards 0.9203 (23.6%fib).On the downside, immediate support is seen at 0.9152 (38.2%fib), a break below could take the pair towards 0.9105(50%fib).
USD/JPY: The dollar declined against the Japanese yen on Thursday as easing U.S. Treasury yields nipped dollar strength .The dollar has rallied in recent sessions although it has not performed as well as expected given the dramatic rise in expectations for the U.S. Federal Reserve to begin hiking interest rates as early as March to curb soaring inflation. Traders prepare for the United States to tighten monetary policy at a faster pace than previously thought. Fed funds futures have fully priced in a rate hike in March and four in all for 2022.The dollar was last trading at 0.09 percent lower versus the yen at 114.26. Strong resistance can be seen at 114.70 (38.2% fib), an upside break can trigger rise towards 115.03 (14DMA).On the downside, immediate support is seen at 114.19 (50%fib), a break below could take the pair towards 113.80 (61.8%fib).
European stocks gave up early gains to edge lower on Thursday amid concerns over the pace of recent prices increases and the prospect of higher interest rates.
At (GMT 10:56 ),UK's benchmark FTSE 100 was last trading down at 0.10 percent, Germany's Dax was down by 0.07 percent, France’s CAC finished was down by 0.35 percent.
Oil slipped on Thursday as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014.
Brent crude futures were down 39 cents, or 0.4%, at $88.05 a barrel by 1006 GMT after dropping more than $1 in earlier trade. The global benchmark rose to $89.17 on Wednesday, its highest since October 2014.
Gold prices edged higher on Thursday, with a weaker dollar countering pressure from firm bond yields, while traders awaited clues on the pace of interest rate hikes from the Federal Reserve's policy meeting next week.
Spot gold was last up 0.1% at $1,840.96 per ounce by 0819 GMT, after hitting its highest since Nov. 22 at $1,843.94. Prices on Wednesday posted their biggest jump in three months.U.S. gold futures fell 0.1% to $1,841.30.