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
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
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 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 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 close to its recent highs, European shares gains, Gold retreats, Oil prices shrug off Omicron slump, soar to 2-month highs-January 12th,2022
America’s Roundup: Dollar rises on U.S. interest rate hike optimism, Wall Street tumbles,Gold eases, Oil prices fall on demand concerns and rising Libyan output-January 11th,2022
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 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 gains on global recovery trade, European shares gain, Gold dips, Oil prices slip after China cuts import quotas-December 30th,2021
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
America’s Roundup: Dollar edges down as risk-sensitive currencies advance, U.S. stocks end at record high, Gold on course for weekly gains, Oil prices rise as Omicron fears abate-December 24th,2021
Europe Roundup: Sterling gains against dollar on rate rise bets, European shares rises, Gold inches up, Oil prices steady ahead of OPEC+ meeting-January 4th,2021
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 gains on safe-haven flows, Fed expectations ,Wall Street ends mixed ,Gold slips, Oil settles higher despite Omicron concerns-December 29th,2021
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.