America’s Roundup: Dollar extends losses as Fed minutes signal slower rate hikes,Gold gains, Oil muted as price cap proposal eases supply concerns-November 25th,2022
America’s Roundup: Dollar pullsback on hopes of slower rate hikes, Wall Street ends lower,Gold gains,Oil up on China COVID hopes-November 30th,2022
America’s Roundup: Dollar rises as China COVID worries spook markets,Wall Street slips, Gold dips, Oil rebounds from early plunge after Saudis deny OPEC+ output report-November 22nd,2022
America’s Roundup: Dollar slides as U.S. inflation data cements Fed slowdown bets, Wall Street ends sharply higher, Gold soars over 2%, Oil prices settle 1% higher on tepid U.S. inflation data-November 11th,2022
America’s Roundup: U.S. dollar gains as investors assess Fed path, Wall Street ends lower, Gold steadies, Oil settles $3 lower on China COVID surge and firmer dollar-November 15th,2022
Europe Roundup: Sterling gains after better-than-expected retail sales data , European shares bounce, Gold ticks up, Oil slides on China demand concerns, easing supply worries-November 18th,2022
Europe Roundup: Sterling edges up against dollar, European shares fall, Gold hits over one-week high, Oil prices erase 2022 gains as China's protests spark demand worries-November 28th,2022
America’s Roundup: Dollar rises with bets on hawkish Fed, Wall Street ends lower, Gold slides 1%, Oil falls on worries of U.S. rate hikes, China demand outlook-November 18th,2022
America’s Roundup: Dollar steady as retail sales tip Fed outlook,Wall Street ends down,Gold hovers near multi-month peak, Oil falls-November 17th,2022
Market Roundup: Sterling ticks up against dollar,European shares hold near 3-month highs, Gold subdued, Oil prices fall over $1/bbl on Russian oil price cap talks
Market Roundup: Sterling set for third straight weekly gain,European shares mixed, Gold subdued, Oil prices rise, but Chinese demand worries linger
America’s Roundup: Dollar rebounds on Fed expectations, Wall Street ends down sharply, Gold slips, U.S. crude turns positive, Brent pares losses on OPEC+ cut rumors-November 29th,2022
Europe Roundup: Sterling surrenders gains ahead of Hunt's budget plan , European shares falls,Gold retreats, Oil falls on easing geopolitical tensions, China demand worries-November 17th,2022
Europe Roundup: Sterling holds near 3-month high against weaker dollar ,European shares gain, Gold firms, Oil drops as Russian price cap proposal eases concerns about tight supply-November 24th,2022
Europe Roundup: Sterling ticks up as UK inflation hits 41-year high , European shares fall, Gold firms, Oil prices up after incident involving vessel off Oman coast-November 16th,2022
Europe Roundup: Sterling climbs as dollar rally wanes ,European shares gain, Gold advances, Oil rises as Saudi comments outweigh recession concerns-November 22nd,2022
Europe Roundup: Sterling recovers as BoE, Treasury seek to calm markets , European shares bounce, Gold firms, Oil rises from 9-month low on U.S. Gulf supply cuts-September 27th,2022
•EU Aug Loans to Non Financial Corporations 8.7%, 7.7% previous
•EU Aug M3 Money Supply (YoY) 6.1%, 5.4% forecast, 5.5% previous
•EU Private Sector Loans (YoY) 4.5%, 4.5% previous
•France Jobseekers Total 2,966.0K, 2,967.0K previous
Looking Ahead - Economic Data (GMT)
•12:30 US Aug Durables Excluding Defense (MoM) 1.1% previous
•12:30 US Aug Durable Goods Orders (MoM) -0.4% forecast, -0.1% previous
•12:30 US Aug Core Durable Goods Orders (MoM) 0.2% forecast, 0.2% previous
• 12:30 US Aug Goods Orders Non Defense Ex Air (MoM) 0.2% forecast, 0.3% previous
•12:55 US Redbook (YoY) 10.5% previous
•13:00 US Jul S&P/CS HPI Composite - 20 n.s.a. (YoY) 17.0% forecast, 18.6% previous
•13:00 US Jul S&P/CS HPI Composite - 20 n.s.a. (MoM) 0.4% previous
•13:00 US Jul S&P/CS HPI Composite - 20 s.a. (MoM) 0.2% forecast, 0.4% previous
•13:00 US Jul House Price Index (YoY) 16.2% previous
•14:00 US Sep Richmond Services Index -12 previous
•14:00 US Aug New Home Sales 500K forecast, 511K previous
•14:00 US Sep Richmond Manufacturing Index -8 previous
•14:00 US Sep CB Consumer Confidence 104.5 forecast, 103.2 previous
•14:00 US Sep Richmond Manufacturing Shipments -8 previous
•14:00 US Sep Aug New Home Sales (MoM) -12.6% previous
Looking Ahead - Events, Other Releases (GMT)
•13:00 EU ECB's De Guindos Speaks
•13:35 UK BoE MPC Member Pill Speaks
• 13:55 US FOMC Member Bullard Speaks
EUR/USD: The euro edged higher on Tuesday as the dollar paused for breath after recent surge. Markets remain nervous, however, after U.S. Federal Reserve officials on Monday said their priority remained controlling domestic inflation. Markets are pricing in a 76% probability of a further 75 basis point move at the next Federal Reserve meeting in November.Central bank speakers on Tuesday include Fed chair Jerome Powell and ECB president Christine Lagarde. The European single currency was up 0.24% on the day at $0.9629 after hitting a 20-year low a day ago. Immediate resistance can be seen at 0.97168(38.2%fib), an upside break can trigger rise towards 0.9803(5DMA).On the downside, immediate support is seen at 0.9600(Psychological level), a break below could take the pair towards 0.9555(23.6%fib).
GBP/USD: The British pound was higher against the dollar on Tuesday, a day after hitting a record low, as the Bank of England and UK Treasury attempted to soothe market concerns after the government announced a raft of unfunded tax cuts. The battered pound hit an all-time low of $1.0327 on Monday, prompting calls for a big inter-meeting interest rate hike from the Bank of England, and although the bank and government acknowledged the turmoil in markets, they stopped short of any concrete action. By 0836 GMT on Tuesday, the pound was up 1.2% against the dollar at $1.0817. It’s still down around 20% versus the greenback this year. Immediate resistance can be seen at 1.0858(Daily high), an upside break can trigger rise towards 1.0944(38.2%fib).On the downside, immediate support is seen at 1.0664(23.6%fib),a break below could take the pair towards 1.0600(Psychological level).
USD/CHF: The dollar dipped against the Swiss franc on Tuesday as the safe-haven U.S. dollar weakened as dollar bullls ran out of steam. The dollar fell after scaling a two-decade peak on Monday amid tightening monetary policy in the United States. As central banks across the globe hike interest rates aggressively to bring down persistently high inflation, the economic growth outlook has weakened. The dollar index eased 0.13% to 113.72, after touching 114.58 on Monday, its strongest since May 2002. At 11:17 GMT, the dollar was 0.60 percent lower versus the Swiss franc at 0.9871 .Immediate resistance can be seen at 0.9718 (38.2% fib), an upside break can trigger rise towards 0.9845(50% fib).On the downside, immediate support is seen at 0.9561(23.6% fib), a break below could take the pair towards 0.9500(psychological level).
USD/JPY: The dollar edged lower against yen on Tuesday as the U.S. dollar retreated from its 20-year peak on profit taking.The dollar index fell 0.2% slipping off a two-decade peak scaled in the previous session. The benchmark 10-year Treasury yield was also off a 12-year peak marked on Monday.U.S. central bank officials on Monday sloughed off rising volatility in global markets and said their priority remained controlling inflation. Japanese yen has failed to benefit from the recent rout in the equities market as U.S. rate hikes have dented appeal for yen. Strong resistance can be seen at 143.35(23.6%fib), an upside break can trigger rise towards 146.14(Higher BB).On the downside, immediate support is seen at 143.62(5DMA), a break below could take the pair towards 142.65(38.2%fib).
European stocks rebounded on Tuesday, as the dollar paused for breath and U.K. ten-year gilt yields slipped back after their recent surges.
At (GMT 11:30 ),UK's benchmark FTSE 100 was last trading down at 0.02 percent, Germany's Dax was up by 0.56 percent, France’s CAC was up by 0.64 percent.
Gold bounced off a 2-1/2-year low on Tuesday as a slight pullback in the dollar and U.S. Treasury yields helped tide over some pressure from prospects of more aggressive U.S. rate hikes.
Spot gold was up 0.7% at $1,632.83 per ounce as of 0939 GMT, after falling to its lowest since April 2020 at $1,620.20 in the previous session.U.S. gold futures rose 0.4% to $1,640.50
Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a slight softening in the U.S. dollar.
Brent crude rose $1.26, or 1.5%, to $85.32 a barrel by 1120 GMT. On Monday it fell as low as $83.65, the lowest since January. U.S. West Texas Intermediate (WTI) crude was up $1.06, or 1.4%, at $77.77.