America’s Roundup: Dollar ticks higher in thin trading, Wall Street closes down, Gold gains, Oil streadies ahead of OPEC+ meeting next week-December 31st,2021
Europe Roundup: Euro drops below $1.13, Gold slips, Oil prices climb again as U.S. inventories fall-December 29th,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
Europe Roundup: Sterling strengthens against dollar after UK CPI data, European shares gain, Gold off one-week lows, Oil highest since 2014 as Turkey outage adds to tight supply outlook-January 19th,2022
America’s Roundup: Dollar extends drop against basket of currencies ,Wall Street rises, Gold slips, Oil edges lower on profit taking, rate hike worries-January 14th,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 dips in quiet holiday trading, Wall Street ends mixed,Gold steadies,Oil prices edge higher as US oil inventories fall-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
Europe Roundup: Sterling dips against dollar on hawkish Fed signals , European shares slide, Gold hits one-week low, Oil extends rally on Kazakhstan unrest, Libyan outages-January 6th,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
Europe Roundup: Sterling steadies close to its recent highs, European shares gains, Gold retreats, Oil prices shrug off Omicron slump, soar to 2-month highs-January 12th,2022
Europe Roundup: Sterling rises to almost 10-week high versus dollar,European stocks rises,Gold gains, Oil rises towards $82 as demand recovery seen on track-11th January,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 as risk appetite improves, European shares gain, Gold hits more than one-week high, Oil trades at one-month high-December 28th,2021
Europe Roundup: Sterling edges up against dollar, European shares slip, Gold inches up,Oil price rises as Kazakh turmoil adds to supply worries-January 7th,2022
America’s Roundup: U.S. dollar dips after U.S. inflation data, Wall Street closes higher, Gold gains,Oil rises 2% on U.S. crude drawdown, weaker dollar-January 13th,2022
Europe Roundup: Sterling nears 2021 lows before U.S. data, European shares dips, Gold gains, Oil edge lower as investors try to assess Omicron's full impact-December 8th,2021
• French Non-Farm Payrolls (QoQ) (Q3) 0.4% ,0.5% forecast, 1.1% previous
• Finnish Oct Trade Balance -0.57B , 0.12B previous
Looking Ahead - Economic Data (GMT)
•12:00 US Mortgage Refinance Index 2,304.5 previous
•12:00 US Mortgage Market Index 604.2 previous
• 15:00 Canada BoC Interest Rate Decision 0.25% forecast,0.25% previous
• 15:00 US Oct JOLTs Job Openings 10.369M forecast, 10.438M previous
• 15:30 US Gasoline Inventories 1.798M forecast, 4.029M previous
• 15:30 US Cushing Crude Oil Inventories1.159M previous
• 15:30 US Crude Oil Inventories -1.705M forecast, -0.910M previous
Looking Ahead - Events, Other Releases (GMT)
•13:10 ECB's Enria Speaks
•13:10 ECB's Schnabel Speaks
•15:00 Canada BOC Press Conference
•15:00 Canada BoC Rate Statement
EUR/USD: The euro recovered ground against dollar on Wednesday as fears the Omicron variant would knock economies off course eased. Currency markets were generally calm as stocks extended their rebound and investors took comfort from signs the latest COVID-19 variant would not derail the economic recovery. The euro edged 0.05% higher to $1.12735, after touching its lowest since Nov. 26 at $1.1228 in the previous session. Immediate resistance can be seen at 1.1301 (38.2% fib), an upside break can trigger rise towards 1.1315 (21 DMA).On the downside, immediate support is seen at 1.1274(38.2%fib), a break below could take the pair towards 1.1179 (23.6% fib).
GBP/USD: Sterling declined the dollar on Wednesday as sterling attracted sellers before U.S. data and a Bank of England policy meeting in which policymakers may keep interest rates on hold. Money markets are assigning a 58% probability of a 15 bps rate increase next week, down from a nearly 70% probability two weeks ago.The Bank of England may hold off again next week on becoming the world's first big central bank to raise interest rates from their pandemic lows, due to the emergence of the Omicron variant of the coronavirus. Immediate resistance can be seen at 1.3242(50%fib), an upside break can trigger rise towards 1.3311(61.8%fib).On the downside, immediate support is seen at 1.3183 (38.2%fib), a break below could take the pair towards 1.3109 (23.6%fib).
USD/CHF: The dollar was little chaned against the Swiss franc on Wednesday as investors became less concerned about the Omicron variant . Market became volatile last month when the discovery of a new COVID-19 variant spooked investors. But sentiment has improved this week in the absence of indications that the variant would derail the economic recovery. The JOLTS report on U.S. job openings, due later on Wednesday, should provide further evidence of a tightening labour market, potentially adding fodder for bets on earlier Fed tightening. Dollar dipped 0.05% to the franc at 0.9242. Immediate resistance can be seen at 0.9251(21DMA), an upside break can trigger rise towards 0.9276 (23.6%fib).On the downside, immediate support is seen at 0.9229 (38.2%fib), a break below could take the pair towards 0.9194(50%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Wednesday as investor focus shifted to key inflation data due this week that could influence the Federal Reserve's decision to taper its stimulus at a faster pace. Markets are focused on U.S. inflation data due Friday, with a high print likely to point policymakers towards accelerating the tapering of the Federal Reserve's massive bond buying programme. Dollar was 0.14% higher against the yen at 113.70 yen. Strong resistance can be seen at 113.77 (23.6%fib), an upside break can trigger rise towards 113.96 (Higher BB).On the downside, immediate support is seen at 113.16 (38.2%fib), a break below could take the pair towards 112.66 (50%fib).
European stocks dipped on Wednesday after marking their strongest two-day gain in more than a year, with defensive stocks rising as investors weighed the effectiveness of existing vaccines against the Omicron coronavirus variant.
At (GMT 11:15),UK's benchmark FTSE 100 was last trading up at 0.11 percent, Germany's Dax was down by 0.54% percent, France’s CAC finished was down up by 0.30% percent.
Gold prices rose on Wednesday as the dollar and U.S. Treasury yields eased, with investor focus shifting to key inflation data due this week that could influence the Federal Reserve's decision to taper its stimulus at a faster pace.
Spot gold was up 0.27% at $1,788.92 per ounce, as of 0807 GMT, while U.S. gold futures rose 0.33% to $1,790.50 per ounce.
Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the Omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines.
Brent crude futures dropped 25 cents, or 0.3%, to $75.19 a barrel at 0129 GMT, after settling 3.2% higher on Tuesday. U.S. West Texas Intermediate crude was at $71.86 a barrel, down 19 cents, or 0.3%, having gained 3.7% in the previous session.