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
Europe Roundup: Euro dips as dollar gains on Fed rate hike bets, European shares falls, Gold falls, Oil prices hit 7-year highs as tight supply bites-January 18th,2022
America’s Roundup: Dollar rises on U.S. interest rate hike optimism, Wall Street tumbles,Gold eases, Oil prices fall on demand concerns and rising Libyan output-January 11th,2022
America’s Roundup: Dollar dips in quiet holiday trading, Wall Street ends mixed,Gold steadies,Oil prices edge higher as US oil inventories fall-December 30th,2021
Europe Roundup: Sterling gains on global recovery trade, European shares gain, Gold dips, Oil prices slip after China cuts import quotas-December 30th,2021
America’s Roundup: Dollar cuts losses after U.S. housing starts data, Wall Street ends lower, Gold jumps 1%, Oil settles up near 7-year highs-January 20th,2022
America’s Roundup: Dollar steadies ,Wall Street edges higher, Gold slides to 2-week low, Oil extends rally on Kazakhstan unrest and Libyan outages-January 7th, 2022
Europe Roundup: Sterling gains against dollar on rate appeal, European stocks gains, Gold steadies, Oil steady as rising Libyan output offsets supply worries-January 17th,2022
America’s Roundup: Dollar edges higher after Fed minutes, Wall Street ends lower, Gold dips, Oil rallies even as OPEC+ boosts output, U.S. fuel demand dips-January 6th,2022
America’s Roundup: Dollar eases after Powell testimony , Wall Street closes higher, Gold gains, Oil jumps nearly 4% as Omicron impact seen as short-lived-January 12th,2022
America’s Roundup: Dollar edges up as traders assess Fed rate hike bets,Gold holds ground, Oil climbs as supplies expected to remain tight-January 18th,2022
America’s Roundup: Dollar gains on safe-haven flows, Fed expectations ,Wall Street ends mixed ,Gold slips, Oil settles higher despite Omicron concerns-December 29th,2021
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
America’s Roundup: Dollar hits five-year high versus yen,Wall Street ends mixed, Gold rises, Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike-5th January,202
America’s Roundup: Dollar hits one-month high vs yen , Wall street closes up, Gold gains ,Oil settles higher on 2022 demand optimism-January 4th,2021
America’s Roundup: Dollar gains as traders assess Fed rate hike bets Wall Street slips, Gold slips, Oil hit 7-year highs as tight supply bite-January 19th,2022
Europe Roundup: Sterling hits fresh 2021 low vs dollar as UK economy loses steam, European share rise,Gold gains, Oil extends losses triggered by U.S. inflation fears-November 11th,2021
•UK Trade Sep Balance -14.74B ,-14.30B forecast, -14.93B previous
• UK Sep Trade Balance Non-EU -9.10B,-8.40B previous
• UK Sep GDP (QoQ) (Q3) 1.3%,1.5% forecast, 5.5% previous
• UK Sep Construction Output (YoY) 7.2%, 6.9% forecast, 10.1% previous
• UK Sep Manufacturing Production (YoY) 0.1%,3.1% forecast, 4.1% previous
• UK Sep Industrial Production (MoM) -0.4%, 0.2% forecast, 0.8% previous
• UK Sep Manufacturing Production (MoM) 0.1%,0.2% forecast, 0.5% previous
• UK Sep GDP (YoY) (Q3) 6.8% forecast, 23.6% previous
• UK Sep Industrial Production (YoY) -0.4%, 3.1% forecast, 3.7% previous
• UK Sep Business Investment (QoQ) (Q3) 0.4%, 2.6% forecast, 4.5% previous
• Irish Oct HICP (MoM ) 0.8%, 0.4% previous
•Irish Oct CPI (YoY) 5.1%,3.7% previous
•Irish Oct HICP (YoY) 5.1%, 3.8% previous
Looking Ahead Economic Data (GMT)
•14:00 UK NIESR Monthly GDP Tracker 1.5% previous
•16:30 US 4-Week Bill Auction 0.055% previous
•16:30 US 8-Week Bill Auction 0.095%0.095%
Looking Ahead Economic Data (GMT)
•12:15 ECB's Lane Speaks
•16:00 ECB's Schnabel Speaks
EUR/USD: The euro declined on Thursday as dollar rose after the strongest U.S. inflation reading in over three decades fuelled expectations of Fed interest rate hikes next year. U.S. consumer price data released on Wednesday showed the biggest gain in four months, lifting the annual increase to 6.2%, the strongest year-on-year rise since November 1990 and following a 5.4% leap in September. The dollar pushed the euro below $1.15, leaving the next major chart support level down at $1.12. Immediate resistance can be seen at 1.1522(38.2%fib), an upside break can trigger rise towards 1.1544(5DMA).On the downside, immediate support is seen at 1.1455 (23.6%fib), a break below could take the pair towards 1.1400(Psychological level).
GBP/USD: Sterling fell to its lowest level of 2021 against the dollar on Thursday as the British economy appeared to lose momentum and a surge in U.S. inflation boosted the greenback amid bets that the Federal Reserve would hike interest rates faster than expected. Data released by the Office for National Statistics showed Britain's economy grew by 0.6% in September but estimates for previous months were revised lower, leaving the economy still smaller than it was in February 2020. On Thursday, sterling fell 0.24% versus the dollar to $1.3365, its lowest since December 2020.Immediate resistance can be seen at 1.3438 (38.2%fib), an upside break can trigger rise towards 1.3484(50%fib).On the downside, immediate support is seen at 1.3362(23.6%fib), a break below could take the pair towards 1.3300(Psychological level).
USD/CHF: The dollar strengthened against the Swiss franc on Thursday as dollar was boosted by big jump in U.S. consumer prices. Data on Wednesday showing U.S. consumer prices surged at the fastest pace since 1990 last month reverberated across global markets. U.S. consumer prices accelerated in October as Americans paid more for gasoline and food, leading to the biggest annual gain in 31 years, more signs that inflation could stay uncomfortably high well into 2022 amid snarled global supply chains. Immediate resistance can be seen at 0.9139 (38.2%fib), an upside break can trigger rise towards 0.9176 (50%fib).On the downside, immediate support is seen at 0.9101 (23.6%fib), a break below could take the pair towards 0.9076 (Lower BB).
USD/JPY: The dollar strengthened against the Japanese yen on Thursday as after the hottest U.S. inflation reading in a generation encouraged bets on interest rate hikes.U.S. consumer prices grew last month at their fastest annual pace since 1990, data showed, and traders think the Federal Reserve could respond by lifting interest rates faster than in Europe or Japan. The yen extended a sharp reversal of recent gains to fall to 114.15 per dollar close to the Japanese currency's four-year low of 114.69 reached last month. Strong resistance can be seen at 114.16 (23.6%fib), an upside break can trigger rise towards 114.57(Higher BB).On the downside, immediate support is seen at 113.60(38.2% fib), a break below could take the pair towards 113.44(5DMA).
European stocks were little changed on Thursday after concerns about U.S. inflation spike offset some relief around property developer China Evergrande and a slew of corporate earnings.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last trading up at 0.36 percent, Germany's Dax was up by 0.13 percent, France’s CAC was last up by 0.07 percent.
Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns that rising U.S. inflation could prompt Washington to release more strategic crude stockpiles to drive down prices.
Brent crude futures lost 64 cents, or 0.77%, to $82 a barrel by 1200 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 79 cents, or 1%, at $80.55.