America’s Roundup: Dollar slips as recession risk keeps investors cautious, Wall Street ends higher, Gold falls, Oil ticks higher on strong demand, tight supply-June 22nd,2022
Market Roundup: Sterling rises as BoE's Pill sees further rate rises ahead, European shares gain, Gold dips, Oil rises on market caution over tight supply-June 21st,2022
America’s Roundup: Dollar gains on hot U.S. inflation data, Wall Street ends down sharply, Gold rebounds, Oil falls as U.S. inflation data surges, China imposes lockdowns-June 11th,2022
America’s Roundup: Dollar eases as investor await more cues from Fed, Gold firms, Oil swings higher as tight supplies overshadow demand destruction-June 21st,2022
America’s Roundup: Dollar pulls back as markets reconsider Fed rate bets, Wall Street ends higher, Gold edges lower, Oil surges after G7 pledge fresh Russian sanctions-June 28th,2022
Europe Roundup: Sterling set for second weekly decline vs dollar as economic outlook weighs, European stocks falls, Gold dips, Oil prices on track for weekly gain amid high U.S. demand-June 10th,2022
Europe Roundup: Euro struggles around $1.05 on gloomy PMIs, European shares falls, Gold dips, Oil rebounds as investors assess recession risks-June 23rd,2022
Europe Roundup: Sterling retreats as UK inflation hits new 40-year high, European shares fall,Gold extends fall, Oil slumps by around $5-June 22nd,2022
America’s Roundup: Dollar pulls back as markets reassess Fed interest rate path, Wall Street ends higher, Gold edges higher, Oil settles up but posts a weekly decline on recession worries-June 25th,2022
Europe Roundup: Pound dips on record current account shortfall , European shares dips,Gold falls, Oil steady as fuel stocks counter supply concerns-June 30th,2022
Europe Roundup: Sterling dips on Brexit risks and economic woes, European shares rise,Gold firms, Oil extends gains as major producers flag capacity limits-June 28th,2022
America’s Roundup: Dollar bounces from two-day slide,Wall Street plunges, Gold gains, Oil rebounds as new Iran sanctions fuel more supply concerns-June 17th,2022
America’s Roundup: Dollar gains as Powell doubles down on policy tightening, Wall Street ends higher, Gold slips, Oil prices slump as investors fear Fed rate hikes will hurt demand-June 24th,2022
Europe Roundup: Euro rises with focus on ECB, European stocks muted, Oil prices stable as market balances recession fears with tight supply-June 20th,2022
America’s Roundup: Dollar eases as growth fears push yields lower, Wall Street ends lower, Gold gains, Oil falls around 3% -June 23rd,2022
Europe Roundup: Sterling flat versus dollar, Gold rises, Oil prices edge higher ahead of G7 talks on new Russian sanctions-June 27th, 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
•German Apr WPI (MoM) 2.1% ,6.9% previous
•German Apr WPI (YoY) 23.8% 22.6% previous
•EU Mar Trade Balance -16.4B,-7.6B previous
•German 12-Month Bubill Auction -0.107% ,-0.540% previous
Looking Ahead - Economic Data (GMT)
•12:30 Canada Apr Housing Starts 246.4K forecast,246.2K previous
•12:30 US May NY Empire State Manufacturing Index 17.00 forecast, 24.60 previous
•12:30 US Mar Manufacturing Sales (MoM) 1.7% forecast,4.2% previous
•12:30 US Mar Wholesale Sales (MoM) -0.3% forecast,-0.4% previous
•13:00 French 12-Month BTF Auction -0.120% previous
•13:00 French 3-Month BTF Auction -0.631% previous
•13:00 French 6-Month BTF Auction -0.477% previous
•15:30 US 3-Month Bill Auction 0.900% previous
•15:30 US 6-Month Bill Auction 1.385% previous
•12:55 US FOMC Member Williams Speaks
•14:15 BoE MPC Treasury Committee Hearings
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro edged higher against dollar on Monday after European Central Bank policymaker Francois Villeroy de Galhau said a weak euro threatened price stability in the currency bloc. The currency has tumbled almost 9% since February and fell to its lowest levels since 2017 last week, a move that accelerated upward pressure on inflation in the euro area, which is already running at record highs at 7.5%. The euro's weakness on currency markets could threaten the ECB's efforts to steer inflation towards its target, Villeroy said .The euro was at $1.0427, slightly up, and only just above the $1.0354 level it hit on Thursday. Immediate resistance can be seen at 1.0449(38.2% fib), an upside break can trigger rise towards 1.0501 (10DMA).On the downside, immediate support is seen at 1.0345 (23.6% fib), a break below could take the pair towards 1.0316 (Lower BB).
GBP/USD: Sterling was little changed on Monday as weak Chinese economic data added pressure on risky currencies, while investors scaled down their expectations for Bank of England interest rate rises this year. Risk-sensitive sterling has fallen 10% against the dollar this year as the war in Ukraine, rising inflation, poor domestic economic growth and fears for a slowdown in the global economy have hit risk sentiment. In a choppy start to the day, sterling fell 0.2% against the dollar to trade at $1.2236 at 0900 GMT, and was not too far from a two-year low of $1.2156 touched on Friday. Immediate resistance can be seen at 1.2303 (38.2%fib),an upside break can trigger rise towards 1.2342 (9 DMA).On the downside, immediate support is seen at 1.2185 (23.6%fib), a break below could take the pair towards 1.2100 (Psychological level).
USD/CHF: The dollar strengthened against the Swiss franc on Monday as investors sought safety due to fears about global growth that were highlighted by Monday’s poor Chinese economic data. China’s retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes. The offshore Chinese yuan held near a September 2020 low of 6.8380 yuan hit last week. The dollar index was at 104.57, having briefly crossed the 105 level on Friday, its highest since December 2002, after six successive weeks of gains. Immediate resistance can be seen at 1.1058 (23.6%fib), an upside break can trigger rise towards 1.100 (Higher BB).On the downside, immediate support is seen at 0.9995 (38.2%fib), a break below could take the pair towards 0.9947 (50%fib).
USD/JPY: The dollar rose against the Japanese yen on Monday as investors sought safety in dollar due to fears about global growth. Investors have flocked to the safe-haven U.S. dollar on concerns about the U.S. Federal Reserve's ability to dampen inflation without causing a recession, along with worries about slowing growth arising from the Ukraine crisis and the economic effects of China's zero-COVID-19 policy. The U.S. dollar consolidated gains near a two-decade peak after an unexpectedly weak economic data from China highlighted fears about a slowdown in growth .Strong resistance can be seen at 129.80 (10 DMA), an upside break can trigger rise towards 130.17 (23.6%fib).On the downside, immediate support is seen at 128.54 (38.2%fib), a break below could take the pair towards 127.27(50%fib).
European shares opened lower on Monday, with French stocks down almost 1%, as alarmingly weak economic data from China fanned global recession fears.
At (GMT 10:46 ),UK's benchmark FTSE 100 was last trading up at 0.04 percent, Germany's Dax was down by 0.56 percent, France’s CAC finished was down by 0.26 percent.
Gold prices fell more than 1% to their lowest in 3-1/2 months on Monday as elevated bond yields and a firmer U.S. dollar dampened bullion demand, even as riskier assets dropped after grim China economic data.
Spot gold was down 0.7% at $1,798.80 per ounce as of 0920 GMT, after hitting its lowest since Jan. 31 at $1,786.60 earlier in the session. U.S. gold futures fell 0.6% to $1,798.
Oil prices fell on Monday as widespread lockdowns in China and weak economic data in the country fuelled fears of a global recession, though the market found some support as the European Union stepped closer to an import ban on Russian crude.
Brent crude was down 28 cents, or 0.3%, at $111.27 a barrel at 0934 GMT, and U.S. West Texas Intermediate (WTI) crude slipped 9 cents, or 0.1%, to $110.40 a barrel.