America’s Roundup: Dollar remains under pressure as traders reassess rate hike bets,Wall Street ends mixed, Gold inches lower ,Oil settles up as IEA hikes 2022 demand growth forecast-August 12th,2022
America’s Roundup: Dollar slides after U.S. manufacturing data ,Wall Street ends down, Gold hits near one-month high, Oil sinks about 4% -August 2nd,2022
America’s Roundup: Dollar jumps vs yen as Fed officials hint more rate hikes coming, Wall Street dips, Gold near 1-month high, Oil edges up ahead of OPEC meeting despite recession worries-August 3rd,2022
Europe Roundup:Euro gains on upbeat Eurozone GDP data, European shares rises, Gold gains,Oil prices rise as chances of OPEC+ supply boost dim-July 29th,2022
Europe Roundup: Sterling drifts higher but capped by weak data, European shares gain, Gold ticks up, Oil rises on U.S. inventory drop, Russian gas cuts-July 27th,2022
America’s Roundup: Dollar dips ahead of U.S. Fed meeting's outcome, Wall Street ends lower, Gold virtually unchanged, Oil settles down on lower U.S. consumer confidence –July 27th,2022
America’s Roundup: Dollar slides as mixed U.S. data highlights uncertain path , Wall Street ends higher, Gold gains, Oil up over $2 per barrel as hopes fade for OPEC+ supply boost-July 30th,2022
America’s Roundup: Dollar falls ahead of Fed meeting,Wall Street closes on mixed note,Gold dips, Oil rises as Russian gas cut to Europe may encourage switching to crude-July 26th,2022
America’s Roundup: Dollar gains on U.S. service sector data, Wall Street rallies, Gold little changed, Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build-August 4th,2022
Europe Roundup: British pound falls against dollar on gloomy BoE outlook, European shares dips,Gold falls, Oil prices set to end week at multi-month lows on recession fears-August 5th,2022
America’s Roundup: Dollar eases as investors await inflation data for Fed clues, US stocks flat, Gold gains, Oil up nearly 2%, off multi-months low-August 9th,2022
America’s Roundup: Dollar dips as U.S. growth falls in Q2,Wall Street rises, Gold gains, Oil mixed as U.S. gasoline demand rebounds but recessionary fears loom-July 29th,2022
Europe Roundup: Sterling edges higher ahead of Thursday's BoE decision , European shares inch higher, Gold rebounds, Oil prices dip ahead of OPEC+ meeting-August 3rd,2022
America’s Roundup:U.S. dollar index gains, Wall Street indexes close up, Gold gains, Oil prices sheds 2% a barrel-August 13th,2022
Europe Roundup: Euro gains against dollar ahead of a U.S. Federal Reserve meeting, European shares gains, Gold steadies, Oil rises in volatile trade-July 25th, 2022
America’s Roundup: Dollar gains after stronger-than-expected payrolls data , Wall Street ends mixed, Gold dips 1%, Oil prices end week on multi-month lows on recession fears, Oil prices end week on multi-month lows on recession fears-August 6th,2022
Europe Roundup: Sterling sinks below $1.33 for first time in 2021, European stocks fall,Gold jumps ,Oil tumble on virus variant fears-November 26th,2021
•German Oct Import Price Index (YoY) 21.7%,19.6% forecast, 17.7% previous
•German Oct Import Price Index (MoM) 3.8%,2.0% forecast, 1.3% previous
•French Nov Consumer Confidence 99, 98 forecast, 99 previous
•Switzerland GDP (QoQ) (Q3) 1.7%,1.6% forecast, 1.8% previous
•Switzerland GDP (YoY) (Q3) 4.1%,3.2% forecast, 7.7% previous
•Italian Nov Business Confidence 116.0, 114.0 forecast, 114.9 previous
•Italian Nov Consumer Confidence 117.5, 117.0 forecast, 118.4 previous
Looking Ahead Economic Data (GMT)
•12:30 Brazil Oct Bank lending (MoM) 2.0% previous
•13:00 Brazil Oct CAGED Net Payroll Jobs 270.00K forecast, 313.90K previous
•16:00 Canada Sep Budget Balance (YoY) -57.15B previous
•16:00 Canada Sep Budget Balance -9.83B previous
Looking Ahead - Events, Other Releases (GMT)
•No Economic data
EUR/USD: The euro rose against dollar on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump dollar. The market swings come against a backdrop of already growing concern about COVID-19 outbreaks driving restrictions on movement and activity in Europe and beyond.European countries have expanded COVID-19 booster vaccinations and tightened curbs. Slovakia announced a two-week lockdown, the Czech government will shut bars early and Germany crossed the threshold of 100,000 COVID-19-related deaths. The euro rose 0.4% to $1.1251. Immediate resistance can be seen at 1.1304(11DMA), an upside break can trigger rise towards 1.1322 (50%fib).On the downside, immediate support is seen at 1.1261(38.2 % fib), a break below could take the pair towards 1.1190(23.6%fib).
GBP/USD: Sterling briefly dropped below $1.33 for the first time since December 2020 as the British currency found itself caught up in the dumping of riskier assets amid panic over a new COVID-19 variant described as the most concerning yet. Sterling has been falling in recent weeks in October it traded above $1.38 sent lower first by disappointment the BoE did not raise rates this month and more recently by worries over slowing economic momentum and growing expectations of tighter monetary policy in the United States, which has boosted the dollar.After falling to as low as $1.3278, sterling had recovered to $1.3315 by 0845 GMT, down marginally. Immediate resistance can be seen at 1.3345(5DMA), an upside break can trigger rise towards 1.3399(50%fib).On the downside, immediate support is seen at 1.3312 (23.6%fib), a break below could take the pair towards 1.3255 (Lower BB).
USD/CHF: The dollar declined against the Swiss franc on Friday after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen and the Swiss franc.Little is known of the variant, detected in South Africa, Botswana and Hong Kong, but scientists say it has an unusual combination of mutations, may be able to evade immune responses and could be more transmissible. Immediate resistance can be seen at 0.9285(50% fib), an upside break can trigger rise towards 0.9319 (38.2%fib).On the downside, immediate support is seen at 0.9248 (61.8%fib), a break below could take the pair towards 0.9200(Psychological level ).
USD/JPY: The dollar strengthened against the Japanese yen on Friday as investors reacted to a newly-identified coronavirus variant spreading in South Africa by piling into safe haven assets. The variant was considered by scientists to be the most significant yet found, Britain said on Friday, adding that authorities needed to ascertain whether or not it made vaccines ineffective. As investors dashed for safe-haven assets, the yen jumped more than 1% to around 113 per dollar, having languished earlier this week at five-year lows. Strong resistance can be seen at 114.44 (50% fib), an upside break can trigger rise towards 114.88 (38.2%fib).On the downside, immediate support is seen at 113.98(50%fib), a break below could take the pair towards 113.41 (61.8% fib).
European stock index futures fell more than 2% on Friday, as a newly identified and possibly vaccine-resistant coronavirus variant drove investors out of riskier assets amid fears of a fresh hit to the global economy.
At (GMT 10:32 ),UK's benchmark FTSE 100 was last trading down at 2.63 percent, Germany's Dax was down by 2.59 percent, France’s CAC finished was down by 3.24 percent.
Gold gained on Friday as concerns about a hit to the global economic recovery, due to the spread of a new coronavirus variant identified in South Africa, drove investors to the safety of bullion.
Spot gold jumped 0.9% to $1,805.26 per ounce by 0951 GMT. U.S. gold futures advanced 1.2% to $1,805.20.
Oil prices slid, with U.S. crude futures down 5.7% to $73.96 a barrel and Brent crude down 4.66% to $78.38 amid fresh demand fears.