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
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 steadies ,Wall Street edges higher, Gold slides to 2-week low, Oil extends rally on Kazakhstan unrest and Libyan outages-January 7th, 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
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 edges higher in thin trade, Wall Street gains, Gold hits over one-week high,Oil prices rise to highest level in a month as Omicron concern eases-28th December, 2021
America’s Roundup: Dollar falls after U.S. jobs report, Wall Street ends mixed, Gold ticks up, Oil slips, but gains 5% in the week on Kazakh, Libyan concerns-January 8th, 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: 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 edges up against dollar, European shares slip, Gold inches up,Oil price rises as Kazakh turmoil adds to supply worries-January 7th,2022
Europe Roundup: Sterling steadies against dollar, European shares gain, Gold prices edge higher, Oil slips below $80 after OPEC+ output hike decision-5th January, 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 drops against dollar, European shares gain, Gold slips, Gold slips from six-week high, Oil gains towards $79 as Omicron impact concerns ease-January 3rd,2022
Europe Roundup: Sterling rises versus dollar,European stocks trades mixed, Gold eases, Oil holds near $85/bbl on stronger demand prospects-January 13th,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
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 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.