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 dips against dollar ahead of US GDP data, European shares mixed, Gold hits a three-week high, Oil extends gains as risk appetite improves, U.S. inventories fall-July 28th,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
Europe Roundup: Sterling falls after data showed the UK economy contracted in June, European shares rise, Gold edges lower, Oil prices set for weekly climb, but cloudy outlook caps gains-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 falls after Fed raises rates by 75 bps ,Wall Street ends higher, Gold ticks up, Oil settles higher on U.S. inventory drop, Russia gas cuts-28th July, 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 gains, shrugs off factory data ahead of BoE, European shares rise, Gold extends gains, Oil drops as weak Chinese factory data heightens demand concerns-August 1st,2022
America’s Roundup: Dollar edges down, Wall Street ends mixed , Gold gains, Oil prices hit lowest level since the invasion of Ukraine on recession fears-August 5th,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 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
Europe Roundup: Euro gains ahead of key U.S. inflation data, European shares dips, Gold flat, Oil drops on Druzhba pipeline news and U.S. inflation expectations-August 10th,2022
Europe Roundup: Euro notch up on US inflation data,European shares little changed, Gold subdued,Oil rises as IEA hikes 2022 demand growth forecast-August 11th,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
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
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: Sterling steadies against dollar, European shares gain,Gold edges lower, Oil prices slide on expectations of higher supply, weaker demand-November 15th,2021
• Finnish Oct CPI (YoY) 3.2%, 2.5% previous
•Sweden Oct CPI (YoY) 2.8, 2.7% forecast, 2.5% previous
•Sweden Oct CPI (MoM) 0.6% forecast,0.5% previous
•EU Sep Trade Balance 7.3B,6.5B forecast, 4.8B previous
Looking Ahead Economic Data (GMT)
•13:30 Canada New Motor Vehicle Sales (MoM) 150.0% previous
•US NY Nov Empire State Manufacturing Index 21.60 forecast, 19.80 previous
•US Sep Manufacturing Sales (MoM) -3.2% forecast, 0.5% previous
•US Sep Wholesale Sales (MoM) 1.1%,0.3% previous
• 14:00 French 12-Month BTF Auction -0.675% previous
• 14:00 French 3-Month BTF Auction -0.782% previous
•14:00 French 6-Month BTF Auction -0.711% previous
•16:30 US 6-Month Bill Auction 0.065% previous
•16:30 US 6-Month Bill Auction 0.045% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro was little cahnged on Monday as traders awaited fresh clues on the U.S. economy after bringing forward bets last week for a Federal Reserve interest rate hike on the back of red-hot inflation. The main event on the U.S. economic calendar this week will be Tuesday's retail sales data, particularly after a survey on Friday showed consumer confidence unexpectedly plunged to a decade low in early November as high inflation hit sentiment. The euro added 0.13% to $1.1457, but still within sight of Friday's 16-month low of $1.1433. Immediate resistance can be seen at 1.1482 (5DMA), an upside break can trigger rise towards 1.1501 (38.2%fib).On the downside, immediate support is seen at 1.1436 (23.6 % fib), a break below could take the pair towards 1.1400(Psychological level).
GBP/USD: The pound was steady in early trading on Monday, lagging behind other risk-related currencies, as investors focused on talks over post-Brexit trade arrangements for Northern Ireland, ahead of market data later in the week. Relations between Brussels and London have deteriorated in recent weeks after Britain, unhappy with the Brexit deal it signed up to in 2020, threatened to trigger an emergency clause known as Article 16 of the Northern Ireland Protocol, potentially leading to a trade war. In the week ahead, markets will be focused on the UK jobs report on Tuesday and CPI data on Wednesday. Surprisingly high U.S. inflation data boosted the dollar to 16-month highs last week, prompting traders to raise their bets on a U.S. rate hike as early as mid-2022. Immediate resistance can be seen at 1.3440(38.2% fib), an upside break can trigger rise towards 1.3500 (50%fib).On the downside, immediate support is seen at 1.3363 (23.6%fib), a break below could take the pair towards 1.3332(Lower BB).
USD/CHF: The dollar dipped against the Swiss franc on Monday as investors assessed the Federal Reserve’s possible response to high inflation expectations. Minneapolis Federal Reserve Bank President Neel Kashkari said on Sunday he expected higher inflation over the next few months, but warned that the U.S. central bank should not overreact to elevated inflation as it is likely to be temporary. Immediate resistance can be seen at 0.9236 (50 % fib), an upside break can trigger rise towards 0.9242 (Higher BB).On the downside, immediate support is seen at 0.9200 (38.2%fib), a break below could take the pair towards 0.9182(5DMA ).
USD/JPY: The dollar edged lower against the Japanese yen on Monday as investors awaited fresh clues on U.S. monetary policy. Investors will also be watching any comments coming out of a virtual summit between Chinese leader Xi Jinping and U.S. President Joe Biden. The dollar eased as traders await fresh clues on the U.S. economy after soaring inflation numbers led investors to pull forward their Federal Reserve rate hike bets. The dollar slipped 0.07% to 113.825 yen, consolidating around 114 since Wednesday. Strong resistance can be seen at 107.90 (38.2% fib), an upside break can trigger rise towards 108.53 (Higher BB).On the downside, immediate support is seen at 107.25 (21 DMA), a break below could take the pair towards 106.91 (61.8% fib).
European shares hit another record peak on Monday as Royal Dutch Shell led energy stocks higher after saying it would end its dual-share system, while some upbeat Chinese data also buoyed sentiment.
At (GMT 11:00 ),UK's benchmark FTSE 100 was last trading down at 0.09 percent, Germany's Dax was up by 0.14 percent, France’s CAC finished was up by 0.44 percent.
Gold prices eased on Monday, as investors assessed the Federal Reserve’s possible response to high inflation expectations, but a pullback in U.S. bond yields capped losses.
Spot gold fell 0.1% to $1,862.51 per ounce by 1052 GMT, while U.S. gold futures dipped 0.2% to $1,865.00.
Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand.
Brent crude futures fell 96 cents, or 1.2%, to $81.21 a barrel, as of 1036 GMT. U.S. West Texas Intermediate (WTI) crude lost 73 cents, or 0.9%, to $80.06 a barrel.