America’s Roundup: Dollar soft, euro, sterling hit new highs,Wall Street ends mixed, Gold climbs, Oil retreats 
Market Roundup
•UK Retail Sales (YoY) (Nov) 0.6% ,1.6% forecast 0.6% previous
•UK Core Retail Sales (MoM) (Nov) -0.2%, 0.2% forecast -0.8% previous
•UK Core Retail Sales (YoY) (Nov) 1.2%,1.6% forecast, 1.6% previous
•German PPI (MoM) (Nov) 0.0%,0.1% forecast, 0.1% previous
•UK Retail Sales (MoM) (Nov) -0.1%,0.3% forecast, -0.9% previous
•EU GfK German Consumer Climate (Jan) -26.9,-23.0 forecast, -23.4 previous
•EU Current Account (Oct) 25.7B,19.6B forecast, 23.1B previous
•EU Current Account n.s.a. (Oct) 32.0B forecast, 38.1B previous
• Italian Consumer Confidence (Dec) 96.6,96.0 forecast, , 95.0 previous
• Italian Business Confidence (Dec) 88.4, 89.3 forecast, 89.5 previous
Looking Ahead Economic Data (GMT)
•13:30 US Core PCE Price Index (YoY) (Oct) 2.8% previous.
•13:30 US Core PCE Price Index (MoM) (Oct) 0.2% previous.
•13:30 Canada Core Retail Sales (MoM) (Oct): 0.0% forecast, 0.2% previous.
•13:30 Canada Retail Sales (MoM) (Oct): 0.0% forecast, -0.7% previous.
•13:30 Canada New Housing Price Index (MoM) (Nov): 0.1% forecast, -0.4% previous.
•13:30 US Personal Spending (MoM) (Oct): 0.3% previous.
•13:30 US PCE Price Index (YoY) (Oct): 2.8% previous.
•13:30 US PCE Price Index (MoM) (Oct): 0.3% previous.
•13:30 Canada Retail Sales (MoM) (Oct): -0.7% previous.
•15:00 US Existing Home Sales (Nov): 4.15M forecast, 4.10M previous.
•15:00 Michigan Consumer Expectations (Dec): 55.0 forecast, 55.0 previous.
•15:00 Michigan Consumer Sentiment (Dec): 53.5 forecast, 53.3 previous.
•15:00 Michigan 1-Year Inflation Expectations (Dec): 4.1% forecast, 4.1% previous.
•15:00 Existing Home Sales (MoM) (Nov): 1.2% previous.
•15:00 Michigan 5-Year Inflation Expectations (Dec): 3.2% forecast, 3.2% previous.
•15:00 US CB Employment Trends Index (Nov)106.84 previous.
•15:00 US Michigan Current Conditions (Dec) 50.7 forecast, 50.7 previous.
•18:00 U.S. Baker Hughes Oil Rig Count 414 previous
•18:00 U.S. U.S. Baker Hughes Total Rig Count 548 previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro slipped lower against the dollar on Friday as the currency came under pressure after European Central Bank President Christine Lagarde offered no forward guidance and said all policy options remained on the table, pushing back against more hawkish voices. The ECB kept interest rates unchanged on Thursday and revised higher some growth and inflation forecasts, a move that likely closes the door to further near-term cuts in borrowing costs. Recent euro zone growth data has exceeded the ECB’s expectations, supported by exporters coping better than anticipated with U.S. tariffs and by resilient domestic spending that has offset weakness in manufacturing. Immediate resistance can be seen at 1.1766(Daily high), an upside break can trigger rise towards 1.1795(23.6%fib).On the downside, immediate support is seen at 1.1705(Daily low), a break below could take the pair towards 1.1649(50%fib).
GBP/USD: Sterling slipped against the dollar on Friday as weaker U.K. retail sales data weighed on the pound. British retail sales fell 0.1% in November from October, official figures showed, adding to a run of data pointing to a slowdown in the broader economy ahead of Finance Minister Rachel Reeves’ budget at the end of last month.October sales were revised to a 0.9% decline, slightly less severe than the initially reported 1.1% fall, according to the Office for National Statistics. The November data was collected between November 2 and 29, with Reeves unveiling her budget on November 26.Recent updates from U.K. retailers have flagged challenging market conditions heading into the Christmas period, with greater budget clarity doing little to lift sentiment. Immediate resistance can be seen at 1.3450(23.6%fib), an upside break can trigger rise towards 1.3480(Higher BB).On the downside, immediate support is seen at 1.3369(38.2%fib), a break below could take the pair towards 1.3304(50%fib).
AUD/USD: The Australian edged lower on Friday after an earlier rally triggered by softer-than-expected U.S. CPI data faded.The Antipodean rallied briefly overnight after U.S. consumer price inflation slowed sharply in November, but have since unwound gains as analysts cautioned the data were clearly distorted lower by the government shutdown.The Australian dollar is unlikely to extend gains beyond the 2025 high of 0.6707 in the near term, as fading momentum and policy uncertainty continue to weigh on market sentiment. Attention now turns to the Reserve Bank of Australia’s December monetary policy board meeting minutes, due for release on Tuesday, for fresh guidance on the domestic rate outlook. Immediate resistance can be seen at 0.6633(38.2%fib), an upside break can trigger rise towards 0.6682(23.6%fib).On the downside, immediate support is seen at 0.6591(50%fib), a break below could take the pair towards 0.6576(SMA 20)
USD/JPY: The U.S. dollar firmed on Friday as after BOJ raise policy rate to 0.75% from 0.5% as widely expected.The move underscored the central bank’s confidence that Japan is on track to sustainably meet its 2% inflation goal, supported by wage growth, and remains ready to continue normalising monetary policy.The Bank of Japan raised interest rates on Friday to levels not seen in three decades, marking another landmark step in unwinding decades of massive monetary stimulus and near-zero borrowing costs.As anticipated, the central bank unanimously lifted short-term interest rates from 0.5% to 0.75%.Data released on Friday showed core consumer inflation hit 3.0% in November, steady from the previous month and well exceeding the BOJ's target. Governor Kazuo Ueda remained vague on the exact timing and pace of future interest rate hikes. Immediate resistance can be seen at 157.27(Daily high) an upside break can trigger rise towards 157.40(Psychological level) .On the downside, immediate support is seen at 155.20 (38.2%fib) a break below could take the pair towards 154.67 (SMA 20).
Equities Recap
European shares edged higher on Monday, starting a week packed with central bank decisions and delayed U.S. economic data on a positive note, as investors returned to risk assets following last week’s subdued close.
At (GMT 12:38),UK's benchmark FTSE 100 was last trading up at 0.03 percent, Germany's Dax was up by 0.10percent, France’s CAC was last down by 0.11 percent.
Commodities Recap
Gold prices edged lower on Friday, weighed down by a stronger dollar and year-end investor positioning, but were on track to finish the week higher after softer U.S. inflation data reinforced expectations of interest rate cuts.
Spot gold fell 0.1% to $4,326.37 an ounce as of 1111 GMT, but was set to log a weekly gain of 0.6%, having climbed back to near record highs hit in October. U.S. gold futures fell 0.2% to $4,354.80.
Oil prices edged higher on Friday but were set for a second consecutive weekly decline, as concerns over a potential supply glut and prospects of a Russia–Ukraine peace deal capped gains.
Brent crude futures were up 25 cents, or 0.4%, at $60.07 a barrel by 1230 GMT while U.S. West Texas Intermediate crude rose 20 cents, or 0.4%, to $56.35.
