Europe Roundup: Euro dips after weak data, European shares dips, Gold slips toward 2-1/2-month lows ,Oil slips on China growth worries, EU weighs Russian crude ban-May 2nd,2022
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
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 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 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
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 index slips from 20-year high, Wall Street ends down, Gold gains, Oil gains 1.5%, posts another weekly rise on supply concerns-May 7th,2022
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
America’s Roundup: U.S. dollar hits 20-year high as risk aversion dominates, Wall Street ends down, Gold extends decline ,Oil tumbles about 6% as China COVID lockdowns weigh-May 10th,2022
America’s Roundup: Dollar regains footing after tumble, Wall Street tumbles, Gold retreats, Oil edges up on supply jitters as EU plans Russian oil ban-May 6TH, 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
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 ahead of Fed's policy decision, Wall Street ends higher, Gold prices gain, Oil slides as China lockdowns outweigh proposed EU Russia oil ban-May 4th,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
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 steadies near 21-month low ahead of BoE, Fed, European shares falls,Gold steady, Oil jumps 4% as EU proposes ban on Russian oil-May 4th,2022
Europe Roundup: Sterling gains as risk appetite improves, European shares gain, Gold hits more than one-week high, Oil trades at one-month high-December 28th,2021
• Sweden Nov Household Lending Growth (YoY) 6.6% , 6.6% previous
• Sweden Nov Trade Balance 0.30B, 0.80B
Looking Ahead Economic Data
•12:55 US Redbook (YoY) 16.4% previous
•14:00 US Oct S&P/CS HPI Composite - 20 n.s.a. (MoM) 0.8% previous
•14:00 US Oct S&P/CS HPI Composite - 20 n.s.a. (YoY) 18.5% forecast, 19.1% previous
•14:00 US Dec US CB Consumer Confidence 109.5 previous
•15:30 US Dec Texas Services Sector Outlook 22.7 previous
•15:30 US Dec Dallas Fed Services Revenues 25.4 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro strengthened on Tuesday as year-end sentiment got a boost from Wall Street's record highs overnight, eclipsing underlying worries over the Omicron variant of the coronavirus. Wall Street trading resumes later in the global day following a holiday on Friday. U.S. stocks closed at records on Thursday amid signs Omicron may cause a milder level of illness, even as the highly transmissible strain led to a surge in case numbers around the world. The euro was up 0.02 percent at $1.1328. Immediate resistance can be seen at 1.1335(38.2%fib), an upside break can trigger rise towards 1.1366 (Higher BB).On the downside, immediate support is seen at 1.1324(5DMA), a break below could take the pair towards 1.1306 (50%fib).
GBP/USD: Sterling strengthened against dollar on Tuesday as easing concerns over the Omicron coronavirus variant boosted risk appetite. Investors appeared to be guardedly optimistic that the global recovery would regain steam next year even though the emergence of the highly-transmissible Omicron variant has prompted border closures and mobility restrictions in most countries once again. Sterling was last trading up 0.10% at $1.3400. Immediate resistance can be seen at 1.3468(38.2%fib), an upside break can trigger rise towards 1.3534(23.6%fib).On the downside, immediate support is seen at 1.3458(50 %fib), a break below could take the pair towards 1.3359 (61.8%fib).
USD/CHF: The dollar edged lower against the Swiss franc on Tuesday amid thin trading volumes, with investors trying to shrug off the impact from Omicron-driven travel disruptions and store closures. Data last week showing the Omicron variant being less deadly than feared, and new pills and more vaccines to fight COVID-19 also spurred risk appetite.U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVID-19-related staff shortages. Immediate resistance can be seen at 0.9177 (5DMA), an upside break can trigger rise towards 0.9197 (38.2%fib).On the downside, immediate support is seen at 0.9160 (50%fib), a break below could take the pair towards 0.9121 (61.8% fib ).
USD/JPY: The dollar edged higher against the Japanese yen on Tuesday as safe-havens fell out of favour after Wall Street's rally to a record high consigned Omicron concerns to the background.The Japanese currency weakened as far as 114.935 yen per dollar for the first time since Nov. 26 before recovering to last trade around 114.80, helped by a decline in long-term Treasury yields. The dollar index , which measures the currency against six major rivals, was little changed from the previous session at 96.078. Strong resistance can be seen at 115.00 (23.6% fib), an upside break can trigger rise towards 115.19 (Higher BB).On the downside, immediate support is seen at 114.63 (5 DMA), a break below could take the pair towards 114.40 (38.2% fib).
European inched higher on Tuesday, helped by another record-setting day on Wall Street and after Britain and France held off from imposing more COVID curbs before year-end.
At (GMT 11:30 ),UK's benchmark FTSE 100 was last trading down at 0.02 percent, Germany's Dax was up by 0.73 percent, France’s CAC finished was up by 0.53 percent.
Gold prices climbed on Tuesday as the U.S. dollar weakened and concerns over the spread of the Omicron coronavirus variant led bullion's year-end rally to a more than one-month high.
Spot gold was up 0.3% at $1,816.70 an ounce by 1145 GMT, its highest since Nov. 22, while U.S. gold futures rose 0.5% to $1,818.20.
Oil prices extended gains on Tuesday, with Brent crude trading near $80 a barrel despite the rapid spread of the Omicron coronavirus variant, supported by supply outages and expectations that U.S. inventories fell last week.
Brent crude rose by $1.04, or 1.3%, to $79.64 a barrel by 1119 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.15, or 1.5%, to $76.72.