America’s Roundup: Dollar gains as energy price surge drives inflation worries , Wall Street rises, Gold firms ,Oil retreats from multi-year highs after U.S. stock build-October 7th,2021
America’s Roundup, Dollar slips against key rivals, Wall Street ends lower,Gold hits over 1-week peak, Oil settles above $81 with OPEC+ sticking to output increase-October 5th,2021
Europe Roundup: Euro falls as stronger U.S. bond yields, dollar weighs, European stocks fall, Gold dips, Oil prices climb as COVID recovery, power generators stoke demand-October 18th, 2021
Europe Roundup: Sterling falls against dollar, European stocks skid, Gold eases, Oil hits multi-year high on OPEC+ restraint amid global energy crunch-October 6th,2021
America’s Roundup: Dollar rebounds after improving jobs, housing data, Wall Street gains, Gold edges down, Oil dives, forecast of mild U.S. winter spurs retreat from multi-year highs-October 22nd,2021
Europe Roundup: Sterling dips after retail sales miss forecasts, European shares rises,Gold gains, Oil stays near $85 a barrel, Brent set for seventh weekly gain-October 22nd,2021
Europe Roundup: Euro eases on firm dollar as Fed seen sticking to taper plans European stocks slip,Gold eases, Oil jumps to multi-year highs on global energy crunch-11th October,2021
America’s Roundup: Dollar hits one-year high as U.S. yields rise, Wall Street closes lower ,Gold gains, Oil steadies as energy crisis increases volatility-October 13th,2021
America’s Roundup: Dollar steady after jobs miss as investors bet taper is on track, Wall Street ends lower, Gold pares gains, Oil rises as the energy crunch shows no signs of slowing down-October 9th,2021
America’s Roundup: Dollar dips as rate hike bets fade, Wall Street dips, Gold trims gains, Oil hovers below recent highs, ends week up-October 23rd,2021
America’s Roundup: Dollar dips in choppy trading, Wall Street rises, Gold rises to one-month high, Oil prices rise, as Saudis dismiss supply concerns as demand grows-October 15th,2021
Europe Roundup: Sterling hits four-week high vs dollar, European stocks inch up, Gold gains, Oil prices rise on China energy demand concerns-October 19th,2021
Europe Roundup: Sterling steadies as rising interest rate expectations provide support , European shares rally ,Gold ticks lower, Oil extends losses as U.S. mulls strategic reserve sales-October 7th,2021
Europe Roundup: Sterling edges lower against dollar, European stocks edge higher, Gold firms, Oil prices extend gains to multi-year highs on tight supply-October 25th,2021
Europe Roundup: Sterling dips after UK inflation reading, European shares little changed, Gold gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
America’s Roundup: Dollar gains as traders assess rate hike prospects, Wall Street ends higher, Gold rises, Oil prices reach multi-year highs on tight supply-October 26th,2021
Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
•UK Aug Claimant Count Change -58.6K, -7.8K previous
•UK Jul Average Earnings ex Bonus 6.8%,6.8% forecast, 7.4% previous
•UK Jul Unemployment Rate 4.6%,4.6% forecast, 4.7% previous
•UK Jul Average Earnings Index +Bonus 8.3%,8.2%,8.8% previous
•UK Jul Employment Change 3M/3M (MoM) 183K,178K forecast, 95K previous
•Spanish Aug CPI (MoM) 0.5%,0.4% forecast, 0.4% previous
•Spanish Aug HICP (YoY) 3.3%, 3.3%, 3.3% forecast, 3.3% previous
•Sweden Aug CPI (MoM) 0.5%, 0.2% forecast, 0.3% previous
•Sweden Aug CPI(YoY) 2.1, 1.7% forecast,1.4 previous
Looking Ahead –Economic Data (GMT)
•12:30 US Aug CPI Index, n.s.a 273.80 forecast, 273.00 previous
•12:30 US Aug CPI, n.s.a (MoM ) 0.48% previous
•12:30 US Jul Manufacturing Sales (MoM) -1.2% forecast, 2.1% previous
•12:30 US Aug Core CPI Index 279.05 previous
•12:30 US Aug Core CPI (MoM) 0.3% forecast, 0.3% previous
•12:30 US Aug CPI (MoM ) 0.4% forecast, 0.5% previous
•12:30 US Aug Core CPI (YoY) 4.2% forecast, 4.3% previous
•12:30 US Real Earnings (MoM) -0.1% previous
•12:30 US Redbook (YoY) 16.5% previous
•15:30 US Aug Cleveland CPI (MoM) 0.3% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro was little changed against dollar on Tuesday as investors were cautious ahead of U.S. inflation print due later in the day. The data, due at 1230 GMT, will be watched closely before next week’s U.S. Federal Reserve meeting. It is expected to show consumer prices rose 0.4% in August, down from 0.5% in July, according a poll. The year-on-year rise is also expected to fall to 5.3% from 5.4% in July, suggesting further evidence that inflation, which has been at the top of investors’ agenda this year, may be starting to cool.Immediate resistance can be seen at 1.1835 (23.6%fib), an upside break can trigger rise towards 1.1865(10th Sep high).On the downside, immediate support is seen at 1.1800(38.2%fib), a break below could take the pair towards 1.1789 (21DMA).
GBP/USD: Sterling steadied close to 5-week highs against the dollar on Tuesday, supported by labour market data that showed the total number of payrolled employees in Britain has climbed to pre-pandemic levels. The pound has been range-bound in recent days as investors assess Britain's post-lockdown economic recovery and how that may play into the Bank of England's stance on interest rates, currently at record lows. Sterling traded 0.3% higher on the day at $1.3875 by 0811 GMT, making a steady climb into positive territory after the data, which was released at 0600 GMT. That was off a 5-week high of $1.3890 hit earlier on Sept 3. Immediate resistance can be seen at 1.3887(23.6%fib),an upside break can trigger rise towards 1.3924 (Higher BB).On the downside, immediate support is seen at 1.3828(38.2%fib), a break below could take the pair towards 1.3812(11DMA).
USD/CHF: The dollar strengthened against the Swiss franc on Tuesday as investors awaited readings on U.S. consumer prices that could be crucial to the Federal Reserve's decision on when to exit its super-supportive policy. All eyes are now on U.S. consumer price index for August, due to be released on Tuesday, along with U.S. retail sales and production figures later in the week as they frame the world largest economy's progress in the lead-up to the Federal Reserve's Sept. 21-22 meeting. Immediate resistance can be seen at 0.9228 (23.6%fib), an upside break can trigger rise towards 0.9234 (Higher BB).On the downside, immediate support is seen at 0.9197(5DMA), a break below could take the pair towards 0.9176(38.2%fib).
USD/JPY: The dollar strengthened against yen on Tuesday as investor’s awaited U.S. consumer price data which is due at 1230 GMT. Economists expect core CPI, an index that strips out volatile energy and food prices, to have risen 0.3% in August from the prior month. The data comes ahead of the key policy meeting by the Federal Reserve on Sept. 21-22, where markets will keep a close eye on central bank’s announcement on when it will start winding up its pandemic-era bond-buying programme. Strong resistance can be seen at 110.18(23.6%fib), an upside break can trigger rise towards 110.35(Higher BB).On the downside, immediate support is seen at 109.95(5DMA), a break below could take the pair towards 109.84(38.2%fib).
European stocks slipped on Tuesday as caution ahead of U.S. inflation data and weakness in luxury and mining shares offset optimism around the region’s economic recovery.
At (GMT 10:50),UK's benchmark FTSE 100 was last trading down at 0.31% percent, Germany's Dax was down by 0.00 %percent, France’s CAC was last down by 0.51% percent.
Gold prices were subdued on Tuesday with investors setting their sights on U.S. consumer price data that could offer clues on when the Federal Reserve decides to temper its economic support.
Spot gold edged 0.3% lower to $1,787.66 per ounce by 0925 GMT, U.S. gold futures fell 0.3% to $1,789.50.
Oil prices hit a six-week high on Tuesday as another hurricane threatened to bring heavy rain to Texas and parts of Louisiana that were still recovering from Ida, and as the International Energy Agency forecast a big demand rebound for the rest of the year.
Brent crude was up 50 cents, or 0.7%, at $74.01 a barrel by 0842 GMT. U.S. West Texas Intermediate (WTI) crude also climbed 43 cents, or 0.6%, to $70.88 a barrel.