Europe Roundup: Sterling gains against softening dollar, European shares falls,Gold rebounds 1% ,Oil jumps on hopes for easing of China's COVID controls-November 29th,2022
Market Roundup: Sterling ticks up against dollar,European shares hold near 3-month highs, Gold subdued, Oil prices fall over $1/bbl on Russian oil price cap talks
America’s Roundup: Dollar gains broadly as U.S. data sparks rate hike fears ,Wall Street slides, Gold retreats , Oil falls over 3%-December 6th,2022
America’s Roundup: Dollar gives back gains as U.S. jobs data rattles investors, Wall Street ends mixed,Gold retreats, Oil dips 1.5% ahead of OPEC+ meeting, EU Russian oil ban-December 3rd,2022
Europe Roundup: Sterling edges up against dollar, European shares fall, Gold hits over one-week high, Oil prices erase 2022 gains as China's protests spark demand worries-November 28th,2022
Europe Roundup: Sterling holds near 3-month high against weaker dollar ,European shares gain, Gold firms, Oil drops as Russian price cap proposal eases concerns about tight supply-November 24th,2022
America’s Roundup: Dollar weakens versus euro,Wall Street ends higher, Gold firms, Oil falls on weakening demand, shrugs off Keystone closure-December 9th,2022
Market Roundup: Dollar retreats , traders eye Fed policy minutes, Wall Street close higher,Gold gains, Oil rises 1% as OPEC+ focus on supply cuts outweighs recession concerns
Europe Roundup: Euro edge up ahead European Central Bank President Christine Lagarde's speech ,European shares fall, Gold subdued, Oil rebounds from 2022 lows on China demand hopes-December 8th,2022
Europe Roundup: Sterling climbs as dollar rally wanes ,European shares gain, Gold advances, Oil rises as Saudi comments outweigh recession concerns-November 22nd,2022
America’s Roundup: Dollar extends losses as Fed minutes signal slower rate hikes,Gold gains, Oil muted as price cap proposal eases supply concerns-November 25th,2022
America’s Roundup: Dollar rises as China COVID worries spook markets,Wall Street slips, Gold dips, Oil rebounds from early plunge after Saudis deny OPEC+ output report-November 22nd,2022
Europe Roundup: Sterling edges lower as boost from new China COVID rules fades, European shares gains, Gold retreats, Oil prices rise after OPEC+ keeps output steady-December 5th,2022
America’s Roundup: Dollar drops to near four-month low,Wall Street ends mixed, Gold rises, Oil settles little changed after China eases COVID curbs-December 2nd,2022
Europe Roundup: Euro gains against dollar ahead of Powell speech, European shares rise,Gold gains, Oil firm on U.S. crude stocks and China optimism-November 30th,2022
Europe Roundup: Sterling dips against dollar, European shares slip, Gold slips to over 1-week low, Oil prices ease to trade near 2-month lows-November 21th,2022
America’s Roundup: Dollar edges down but posts gains for week, Wall Street drops, Gold gains, Oil prices up after Basra spill, but log weekly decline-September 17th,2022
US indexes down: Dow 0.45%, S&P 0.72%, Nasdaq 0.90%
•Canada Jul Foreign Securities Purchases 0.01B, -17.54B previous
•Canada Jul Foreign Securities Purchases by Canadians 4.30B, -12.30B previous
•Canada Jul Wholesale Sales (MoM) -0.6%,-0.6% forecast, 0.1% previous
•US Sep Michigan Inflation Expectations 4.6%, 4.8% previous
•US Sep Michigan 5-Year Inflation Expectations 2.80%,2.90% previous
•US Sep Michigan Consumer Sentiment 59.5, 60.0 forecast, 58.2 previous
•US Sep Michigan Consumer Expectations 59.9, 59.7 forecast, 58.0 previous
•US Sep Michigan Current Conditions 58.9,60.8 forecast, 58.6 previous
•U.S. Baker Hughes Oil Rig Count 599, 591 previous
•U.S. Baker Hughes Total Rig Count 763 ,759 previous
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EUR/USD: The euro strengthened against dollar on Friday as after euro zone inflation hit another record high in August. Euro zone inflation hit another record high of 9.1% in August, EU statistics office Eurostat confirmed on Friday, driven by sharply higher energy and food prices, and was likely headed towards double figures. Consumer price inflation in the 19 countries using the euro rose 0.6% month-on-month and by 9.1% year-on-year, the highest rate since the euro was created in 1999.In its flash estimate at the end of August, Eurostat had given a monthly change figure of 0.5%. .Immediate resistance can be seen at 1.0002(9DMA), an upside break can trigger rise towards 1.0062 (38.2%fib).On the downside, immediate support is seen at 0.9942 (23.6%fib), a break below could take the pair towards 0.9747 (Lower BB).
GBP/USD: Sterling dipped against the dollar on Friday after weaker-than-expected retail sales figures reinforced fears about Britain's economy. The pound fell more than 1% against the dollar to $1.1351, its lowest since 1985, and was last trading at $1.1404.Most major currencies have been struggling against the dollar in recent months, and the greenback was given another leg-up this week after hotter-than-expected U.S. inflation caused markets to price in a further large rate hike from the Federal Reserve next week. Immediate resistance can be seen at 1.1492(38.2%fib), an upside break can trigger rise towards 1.1523 (9 DMA).On the downside, immediate support is seen at 1.1364 (23.6%fib), a break below could take the pair towards 1.1305 (lower BB).
USD/CAD: The Canadian dollar weakened to its lowest level in nearly two years against the greenback on Friday and Canada’s stock market fell as investors grew cautious ahead of domestic inflation data and a Federal Reserve interest rate decision next week. It follows hotter-than-expected U.S. inflation data on Tuesday that spooked financial markets globally and pushed the U.S. dollar sharply higher against a basket of major currencies. Canada’s inflation data for August is due next Tuesday, with all eyes on measures of underlying price pressures. The Canadian dollar was trading 0.3% lower at 1.3270 per U.S. dollar, after touching its weakest since November 2020 at 1.3307. For the week, the loonie was down 1.8%, its biggest weekly decline since June. Immediate resistance can be seen at 1.3272 (23.6%fib), an upside break can trigger rise towards 1.3301 (Higher BB).On the downside, immediate support is seen at 1.3226 (Daily low), a break below could take the pair towards 1.3164 (38.2%fib).
USD/JPY: The dollar dipped against the Japanese yen on Friday helped slightly by hopes of a potential currency intervention. Japan's threats of currency intervention might slow but not stop the yen from hurtling towards three-decade lows before the year end.The yen has already lost more than 20% of its value this year to reach a 24-year trough at 144.99 per dollar last week , including a more than 7% tumble over the past month alone. The BOJ's next policy update comes on Thursday, when it is mostly expected to press on with its yield curve control policies that pin the short-term rate at -0.1% and the 10-year yield around zero via massive bond-purchases. Strong resistance can be seen at 143.76 (23.6%fib), an upside break can trigger rise towards 144.00(Psychological level).On the downside, immediate support is seen at 142.90 (5 DMA), a break below could take the pair towards 141.20 (38.2%fib).
European stocks closed sharply lower on Friday, extending recent losses, as mounting fears about a global recession rendered the mood extremely bearish.
The UK's benchmark FTSE 100 closed down by 0.62 percent, Germany's Dax ended down by 1.66 percent, and France’s CAC finished the day down by 1.33 percent.
U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors' flight to safety at the conclusion of a tumultuous week.
Dow Jones closed down by 0.45 percent, S&P 500 ended down by 0.72 percent, Nasdaq finished the down up by 0.90 percent.
The two-year Treasury note climbed higher on Friday after FedEx Corp's warning of an acceleratingg global demand slowdown added to the growing realization the Federal Reserve is going to keep interest rates higher for longer to curb inflation.
The two-year's yield rose 3.2 basis points to 3.905% and the 10-year yield rose 1.8 basis points to 3.477%.
Gold prices rose on Friday as the dollar stalled, but gains in the greenback over the week and expectations of a sizeable U.S. rate hike kept bullion well below the key $1,700 mark and en route to its worst week in four.
Spot gold was 0.5% higher at $1,672.48 per ounce by 2:08 p.m. ET (1808 GMT). U.S. gold futures settled 0.4% higher at $1,683.50.
Oil prices rose slightly on Friday as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.
Brent crude futures settled at $91.35 a barrel, up 51 cents, while U.S. West Texas Intermediate (WTI) crude futures settled at $85.11 a barrel, up 1 cent.