Europe Roundup: Euro holds near five-year low ahead of ECB's Lagarde speech, European shares gain, Gold falls to 2-1/2-month trough, Oil slips on China demand worries, while EU weighs Russia oil ban-May 3rd,2022
Europe Roundup: Pound falls as UK inflation hits 40 year high, European shares inch lower , Gold gains, Oil prices rise on China demand recovery expectations, supply concerns-May 18th,2022
America’s Roundup: Dollar slips from 2-decade highs, Wall Street ends mixed, Gold ticks up, Oil settles higher on demand optimism, gasoline strength-May 17th,2022
Europe Roundup: Sterling falls to fresh lows against dollar, European shares slide, Gold slips 1%, Oil prices fall, weighed down by dollar, China lockdowns-May 9th,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 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
Europe Roundup: Euro’s gains fades on bleak German industrial orders, European stocks rally, Gold rises 1%,Oil climbs on supply jitters as EU plans Russian oil ban-May 5th,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
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 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
America’s Round: Dollar gains ahead Of Fed Meeting, Wall Street ends higher, Gold prices slide 2%, Oil settles up on distillate strength, supply concerns-May 3rd,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
America’s Roundup: Dollar dips on the day, set for biggest 1-month gain since 2015, Wall Street closes sharply lower, Gold gains over 1%, Oil prices reverse late in session as heating oil contract plunges-April 30th,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 rises, focus on rate hike bets , European shares extend losses, Gold gains, Oil prices extend losses on fears of economic slowdown-May 19th,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
Europe Roundup: Sterling gains against dollar on rate rise bets, European shares rises, Gold inches up, Oil prices steady ahead of OPEC+ meeting-January 4th,2021
• German Nov Retail Sales (YoY) -2.9%,-4.9% forecast,-2.9% previous
• German Nov Retail Sales (MoM) 0.6% ,-0.5% forecast,,-0.5% previous
• Swiss Dec CPI (MoM) -0.1%,-0.1% forecast,0.3% previous
• French HICP (MoM)0.2% forecast,0.4 forecast %,0.4% previous
• French CPI (MoM) 0.2%,0.4% previous
• German Dec Unemployment Change -23K, -15K forecast ,-34K previous
•German Dec Unemployment Rate 5.2%, 5.3% forecast , 5.3% previous
•UK Dec Manufacturing PMI 57.9 , 57.6 forecast , 58.1 previous
Looking Ahead Economic Data
• 13:30 Canada IPPI Nov (MoM) 0.8% forecast , 1.3% previous
•13:30 Canada Nov RMPI (MoM) 4.8% previous
•13:30 Canada Nov RMPI (YoY) 38.4% previous
•15:00 US Dec ISM Manufacturing Employment 53.5 forecast,53.3 previous
•15:00 US Dec ISM Manufacturing PMI 60.0, 61.1 previous
•15:00 US Nov JOLTs Job Openings 11.075M, 11.033M previous
Looking Ahead - Events, Other Releases (GMT)
• No data ahead
EUR/USD: The euro hovered around 1.300 level against dollar on Tuesday, a day after a surge in U.S. Treasury yields kept bond investors on edge over rising inflation and tighter monetary policy. Investors are keeping a close watch on inflation and how the Fed may respond if it proves to be other than transitory. The United States will release its employment data and purchasing managers' indexes (PMI) this week. A series of Purchasing Managers’ Indexes should give investors a read on the momentum of the restart. Immediate resistance can be seen at 1.1309(38.2%fib), an upside break can trigger rise towards 1.1342 (23.6%fib).On the downside, immediate support is seen at 1.1283(50%fib), a break below could take the pair towards 1.1256 (61.8%fib).
GBP/USD: Sterling strengthened against the dollar on Tuesday as sterling was supported by a continued rise in gilt yields on growing expectation the Bank of England will raise interest rates next month. Two-year and 10-year British government borrowing costs rose to two-month highs, up six basis points on the day , after Prime Minister Boris Johnson said new measures were not needed to fight the Omicron coronavirus variant and also tracking Monday's rise in U.S. yields. By 0930 GMT, the pound gained 0.22% against the dollar at 1.35, holding close to six-week highs of $1.355 hit on Dec. 31. Sterling dipped 0.05% at $1.3517.Immediate resistance can be seen at 1.3540 (23.6%fib), an upside break can trigger rise towards 1.3577 (Higher BB).On the downside, immediate support is seen at 1.3462(38.2%fib), a break below could take the pair towards 1.3404 (50%fib).
USD/CHF: The dollar rose against the Swiss franc on Tuesday as investors looked beyond clouds cast by the rapidly spreading cases of the Omicron coronavirus variant. The Omicron coronavirus variant appears to be far more contagious than previous iterations, but data suggests it may be less virulent than Delta, which led to various nations taking strict preventive measures. Immediate resistance can be seen at 0.9190 (23.6%fib), an upside break can trigger rise towards 0.9209 (30DMA).On the downside, immediate support is seen at 0.9144(38.2% fib), a break below could take the pair towards 0.9123(Lower BB).
USD/JPY: The U.S. dollar rose to a five-year high versus the yen on Tuesday, boosted by expectations of U.S. Federal Reserve rate hikes, as investors bet that the fast-spreading Omicron coronavirus variant would have limited economic impact. The dollar's gains were helped by a rise in U.S. treasury yields, as investors bet on the Fed raising rates, with the U.S. 2-year and 5-year notes soaring to their highest since March 2020. At 0839 GMT, the dollar index was up 0.1% at 96.278, having exceeded Monday's gains to reach a six-day high of 96.335 earlier in the session .Strong resistance can be seen at 116.00(Psychological level), an upside break can trigger rise towards 116.13 (23.6%fib).On the downside, immediate support is seen at 115.53 (38.2%fib), a break below could take the pair towards 115.00(50%fib).
European stocks extended the new year rally on Tuesday, led by economy-sensitive travel, banking and commodity stocks on fresh signs that the Omicron virus variant might be less severe than initially feared.
At (GMT 11:03 ),UK's benchmark FTSE 100 was last trading up at 1.29 percent, Germany's Dax was up by 0.91 percent, France’s CAC was last up by 1.33 percent.
Gold inched up on Tuesday after a spike in U.S. bond yields spurred by bets on earlier-than-expected interest rate hikes from the Federal Reserve led to bullion's worst sell-off in six weeks in the previous session.
Spot gold was up 0.2% at $1,804.40 per ounce by 0819 GMT, after prices hit a more than one-month high of $1,831.62 on Monday before reversing course to close 1.5% lower. U.S. gold futures were up 0.3% at $1,805.
Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of COVID-19.
Brent crude was up 22 cents, or 0.3%, at $79.20 a barrel at 0939 GMT, while U.S. West Texas Intermediate (WTI) crude rose by 21 cents, or 0.3%, to $76.29 a barrel.