America’s Roundup: Dollar slips after CPI data as Fed expectations in check, Wall Street ends sharply lower, Gold bounces, Oil up more than 5%, as Russia-EU energy quarrel intensifies-May 12th,2022
Europe Roundup: Sterling dips on worsening global risk sentiment, European shares slip ,Gold prices dips, Oil prices fall on China's weak economic data-May 16th,2022
Europe Roundup: Euro falls back towards 2017 lows on Russian energy crisis, European shares gain, Gold falls, Oil rises but set for weekly drop as fears of weaker demand limit gains-May 13th,2022
Europe Roundup: Euro slips from one-month high vs dollar, Gold falls, Oil prices edge higher on tight supply, firmer demand expectations-May 25th,2022
America’s Roundup: Dollar rally stalls as risk appetite returns, Wall Street ends higher, Gold slips, Oil falls 2% on Powell comments, hopes for Venezuela supply-May 18th,2022
Europe Roundup: Euro jumps on ECB rate rise talk, European shares dips, Gold prices firm, Oil rises as supply concerns persist-May 6th, 2022
America’s Roundup: Dollar dips as weak data fans growth fears, Wall Street ends lower ,Gold jumps 1.5%, Oil rebounds from two days of losses in volatile trade-May 20th,2022
Europe Roundup: Sterling strengthens against dollar after strong UK jobs data, European shares gain, Gold gains, Oil rises on EU's Russian oil ban effort, demand hopes-May 17th,2022
Europe Roundup: Sterling steadies near June 2020 low, European shares gains, Gold recovers, Oil drops as economic worries, strong dollar weigh-May 10th,2022
America’s Roundup: Dollar slips from 2-decade highs, Wall Street ends mixed, Gold ticks up, Oil settles higher on demand optimism, gasoline strength-May 17th,2022
Europe Roundup: Sterling gains on upbeat retail sales data, European shares climb, Gold hits one-week high , Oil steady as oil supply risks meet economic headwinds-May 20th,2022
Europe Roundup: Euro rises, focus on rate hike bets , European shares extend losses, Gold gains, Oil prices extend losses on fears of economic slowdown-May 19th,2022
Europe Roundup: Sterling falls after downbeat UK PMI data, European shares slide,Gold gains, Oil drops on recession fears and China COVID curbs- May 24th,2022
America’s Roundup: Dollar hits two-decade high, Wall Street ends mixed, Gold retreats, Oil settles mixed amid Beijing lockdown fears, tight supplies-May 13th,2022
America’s Roundup: Dollar rally loses steam,Wall Street ends mixed, Gold set for weekly gain, Oil settles up as supply risks outweigh economic worries-May 21st,2022
America’s Roundup: Dollar extends slide, Wall Street rallies, Gold gains, Oil settles nearly flat, recession worry vies with higher demand outlook-May 24th,2022
Europe Roundup: Sterling strengthens against dollar after UK CPI data, European shares gain, Gold off one-week lows, Oil highest since 2014 as Turkey outage adds to tight supply outlook-January 19th,2022
•UK Dec Core CPI MoM (MoM) 0.5%,0.2% forecast, 0.5% previous
•UK Dec CPI (YoY) 5.4%,5.2% forecast,5.1% previous
•UK Dec CPI (MoM) 0.5%,0.3% forecast,0.7% previous
•UK Dec PPI Input (MoM) -0.2%,0.7% forecast,1.5% previous
• German Dec CPI (MoM) 0.5%,0.5% forecast,-0.2% previous
• German Dec CPI (YoY) 5.3%,5.3% forecast, 5.2% previous
• EU Nov Current Account 23.6B, 18.1B previous
• EU Nov Current Account n.s.a. 25.9B,20.5B previous
Looking Ahead - Economic Data (GMT)
•13:30 US Dec Building Permits 1.701M forecast ,1.717M previous
•13:30 US Dec Building Permits (MoM) 3.9% previous
•13:30 US Dec Housing Starts (MoM) 11.8% previous
•13:30 US Dec Housing Starts 1.679M forecast, 1.679M previous
•13:30 Canada Dec Core CPI (MoM) 0.6% previous
•13:30 Canada Dec Core CPI (YoY) 3.5%, 3.6%previous
•13:30 Canada Dec CPI (MoM) -0.1% forecast,0.2% previous
•13:30 Canada Nov Wholesale Sales (MoM) 2.7% forecast, 1.4% previous
Looking Ahead - Economic events and other releases (GMT)
•14:15 UK BoE Gov Bailey Speaks
•14:15 UK BoE MPC Member Cunliffe Speaks
EUR/USD: The euro edged higher against dollar on Wednesday moves were limited as the market looked to U.S. Federal Reserve's next policy meeting. Investors are awaiting the Federal Reserve's Jan. 25-26 meeting for hawkish signals as markets now bet on at least four hikes this year, likely starting in March. The dollar was slightly lower, holding near a weekly high, after a surge in U.S. yields resulted in sharp gains this week against the euro amid growing bets the Federal Reserve will raise rates. The euro was flat, back on its 50-day moving average at $1.1333 after in the previous day it had its sharpest daily drop in a month. Immediate resistance can be seen at 1.1347 (38.2%fib), an upside break can trigger rise towards 1.1385 (23.6%fib).On the downside, immediate support is seen at 1.1318 (50%fib), a break below could take the pair towards 1.1286 (61.8% fib).
GBP/USD: Sterling strengthened against dollar on Wednesday after higher-than-expected British inflation data added to pressure on the Bank of England to raise interest rates next month. Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to raise interest rates again. The annual rate of consumer price inflation increased to 5.4% from November's 5.1%, the highest since March 1992. Financial markets now price in a more than 90% chance that the BoE will raise its main interest rate to 0.5% on Feb. 3. Immediate resistance can be seen at 1.3634(38.2%fib), an upside break can trigger rise towards 1.3709(23.6%fib).On the downside, immediate support is seen at 1.3573 (50%fib), a break below could take the pair towards 1.3539 (21DMA).
USD/CHF: The dollar edged lower against the Swiss franc on Wednesday as traders braced for the Federal Reserve to be more aggressive in tightening monetary policy to tackle inflation. The dollar has been boosted by U.S. Treasury yields rising further ahead of next week's Federal Reserve policy meeting.Ten-year Treasury yields inched up on Wednesday to touch a new two-year high of 1.9%. At 11:02 GMT, the dollar was 0.18 percent lower versus the Swiss franc at 0.9155. Immediate resistance can be seen at 0.9168 (21 DMA), an upside break can trigger rise towards 0.9202(23.6% fib).On the downside, immediate support is seen at 0.9149 (38.2% fib), a break below could take the pair towards 0.9105 (50%fib).
USD/JPY: The dollar initially declined against the Japanese yen on Wednesday but recovered ground as the market looked to U.S. Federal Reserve's next policy meeting where it is widely expected to raise rates in an attempt to quell surging inflation. Global investor attention remains fixed on the Fed's Jan. 25-26 meeting after officials signalled they would start raising interest rates in March to curb inflation. At 11:07 GMT, the dollar was 0.09 percent lower versus the yen at 114.48 . Strong resistance can be seen at 114.86 (38.2% fib), an upside break can trigger rise towards 115.46 (23.6% fib).On the downside, immediate support is seen at 114.38 (50%fib), a break below could take the pair towards 113.87 (61.8%fib).
European shares rose on Wednesday as luxury stocks stood out on upbeat trading updates from Richemont and Burberry.
At (GMT 11:07 ),UK's benchmark FTSE 100 was last trading up at 0.23 percent, Germany's Dax was up by 0.33 percent, France’s CAC finished was up by 0.71 percent.
Gold edged up on Wednesday, but moves were fairly contained as the market looked to U.S. Federal Reserve's next policy meeting where it is widely expected to raise rates in an attempt to quell surging inflation.
Spot gold rose 0.2% to $1,816.80 per ounce as of 1022 GMT. U.S. gold futures gained 0.3% to $1,817.
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
Brent crude futures rose 39 cents, or 0.5%, to $87.90 a barrel at 0740 GMT, adding to a 1.2% jump in the previous session.