Europe Roundup: Euro slips lower, focus on inflation data , European stocks climb, Gold holds near 10-week low, Oil prices fluctuate in the face of supply and demand concerns-April 28th ,2022
America’s Roundup: Dollar gains on China COVID fears, Fed rate hike expectation, Wall Street ends higher, Gold slips over 1%, Oil slumps 4% as Shanghai lockdowns stoke demand fears-April 26th,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
America’s Roundup: Dollar dips as Powell pushes back against 75 bp hike, Wall Street closes with sharp gains, Gold rises 1%, Oil jumps $5 a barrel as EU nears ban on Russian oil-May 5th,2022
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: Euro holds near five-year low ahead of ECB's Lagarde speech, European shares gain, Gold falls to 2-1/2-month trough, Oil slips on China demand worries, while EU weighs Russia oil ban-May 3rd,2022
Europe Roundup: Euro’s gains fades on bleak German industrial orders, European stocks rally, Gold rises 1%,Oil climbs on supply jitters as EU plans Russian oil ban-May 5th,2022
Europe Roundup: Euro gains as dollar dips ahead of U.S. inflation data, European shares gain, Gold recovers, Oil rises on looming EU Russian oil ban, gas disruption-May 11th,2022
America’s Roundup: Dollar regains footing after tumble, Wall Street tumbles, Gold retreats, Oil edges up on supply jitters as EU plans Russian oil ban-May 6TH, 2022
America’s Roundup: Dollar index slips from 20-year high, Wall Street ends down, Gold gains, Oil gains 1.5%, posts another weekly rise on supply concerns-May 7th,2022
America’s Roundup: Dollar higher in choppy trade as inflation data eyed, Wall Street ends mixed, Gold retreats, Oil settles below $100 a barrel on economic worries, strong dollar-May 11th,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: Sterling falls to new low versus dollar, European stocks slump, Gold dips, Oil slips more than 2% on fears recession may hit demand-May 12th,2022
America’s Roundup: U.S. dollar hits 20-year high as risk aversion dominates, Wall Street ends down, Gold extends decline ,Oil tumbles about 6% as China COVID lockdowns weigh-May 10th,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 jumps on China growth fears, Wall Street ends lower, Gold firms, Oil settles up, rebounds on China's plans to support economy-April 27th,2022
Europe Roundup: Sterling recovers from one-month low against dollar, European shares dips, Gold flat, Oil heads for sixth weekly gain amid supply concerns-January 28th,2022
• French GDP (QoQ) (Q4) 0.7%, 0.5% forecast,3.0% previous
• French Dec Consumer Spending (MoM) 0.2%,0.2% forecast,08 previous
• French GDP (YoY) 5.4%,3.3% previous
• Sweden GDP (QoQ) (Q4) 1.4%, 1.0% forecast, 2.0%previoius
• German GDP (QoQ) (Q4) -0.7%,-0.3% forecast, -0.7% previous
• German GDP (YoY) (Q4) 1.4%, 1.8% forecast, 1.4% previous
• EU Jan Business and Consumer Survey 112.7, 114.5 forecast, 113.8 previous
• EU Jan Industrial Sentiment 13.9, 15.0 forecast, 14.6 previous
Looking Ahead - Economic Data (GMT)
• 13:30 US Employment Cost Index (QoQ) (Q4) 1.2%, forecast, 1.3% previous
• 13:30 US Employment Wages (QoQ) (Q4) 1.50% previous
• 13:30 US Dec Personal Income (MoM) 0.5% forecast ,0.4% previous
• 13:30 US Dec Personal Spending (MoM) -0.6% forecast, 0.6% previous
• 13:30 US Dec PCE Price index (YoY) 5.7 previous
• 13:30 US Dec Core PCE Price Index (MoM) 0.5% forecast, 0.5% previous
• 13:30 US Dec Core PCE Price Index (YoY) 4.8% forecast,4.7% previous
• 13:30 US Jan Michigan Consumer Sentiment 68.7, 70.6 previous
• 13:30 US Jan Michigan Consumer Expectations 65.8, 68.3 previous
• 18:00 US U.S. Baker Hughes Oil Rig Count 491 previous
• 18:00 US U.S. Baker Hughes Total Rig Count 604 previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Friday as markets continued to digest the more hawkish than expected message that emerged from the U.S. Federal Reserve policy meeting earlier this week. In its latest policy update on Wednesday, the Fed indicated it was likely to raise U.S. interest rates in March, as widely expected, and reaffirmed plans to end its pandemic-era bond purchases that month before launching a significant reduction in its asset holdings. Investors were awaiting for the U.S. personal consumption expenditure price index figure the Fed's preferred inflation gauge later in the session. The euro nursed losses on Friday with the single currency trading down at 0.13 % at 1.1131. Immediate resistance can be seen at 1.1168(38.2%fib), an upside break can trigger rise towards 1.1205(50%fib).On the downside, immediate support is seen at 1.1129 (23.6%fib), a break below could take the pair towards 1.1100 (Psychological level).
GBP/USD: Sterling recovered from one- month low against dollar on Friday as investors expected that Bank of England will raise rates next week and follow a much faster path of monetary tightening than the European Central Bank in 2022.Analysts argued that the hawkish BoE stance would boost the pound, despite the tightening plans from the U.S. Federal Reserve, providing some defence also against the dollar. The pound was up 0,.01 percent against the greenback at $1.3375..Immediate resistance can be seen at 1.3427 (38.2%fib), an upside break can trigger rise towards 1.3449(23.6%fib).On the downside, immediate support is seen at 1.3369(50%fib), a break below could take the pair towards 1.3312(61.8%fib).
USD/CHF: The dollar dipped against the Swiss franc on Friday as investors brace for a year of aggressive rate hikes from the U.S. Federal Reserve. In its latest policy update on Wednesday, the Fed had indicated it was likely to raise rates in March, as widely expected, and reaffirmed plans to end its pandemic-era bond purchases that month before launching a significant reduction in its asset holdings. At 11:14 GMT, the dollar was 0.15 percent higher versus the Swiss franc at 0.9318. Immediate resistance can be seen at 0.9324 (23.6%fib), an upside break can trigger rise towards 0.9339(Jan 27th high).On the downside, immediate support is seen at 0.9269(38.2%fib), a break below could take the pair towards 0.9230(50%fib).
USD/JPY: The dollar rose against the Japanese yen on Friday as expectations of higher interest rates fuelled the U.S. unit's gains versus rivals. With money markets pricing 30 bps of rate hikes in March and more than 120 bps in cumulative increases before the end of the year, the dollar was in the limelight even as broader currency markets quietened somewhat after an eventful week in global markets punctuated by a hawkish Federal Reserve meeting. Strong resistance can be seen at 113.88(5DMA), an upside break can trigger rise towards 114.06 (23.6%fib).On the downside, immediate support is seen at 113.58 (50%fib), a break below could take the pair towards 113.27 (Lower BB).
Europe's main bourses fell again on Friday as worries about a sudden stop to central bank stimulus and rising tensions between Western powers and Moscow continued to drive world stocks to one of their worst ever starts to a year.
At (GMT 11:20 ),UK's benchmark FTSE 100 was last trading lower at 1.37 percent, Germany's Dax was down by 2.08 percent, France’s CAC was last down by 1.78 percent.
Gold was flat on Friday and set for its sharpest weekly decline since November, as markets digested the U.S. Federal Reserve's policy tightening policy plan that led to a surge in dollar and Treasury yields.
Spot gold was flat at $1,796.20 per ounce by 0710 GMT. U.S. gold futures rose 0.1% to $1,797.10.
Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns.
Brent crude futures were up 63 cents, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04 on Thursday for their highest since October 2014.
U.S. West Texas Intermediate (WTI) crude futures rose 49 cents, or 0.6%, to $87.10. WTI also reached a seven-year high of $88.54 earlier in the session.