Market Roundup
- South Korea’s industrial production y/y stands at -0.3 pct vs -2.1 pct previous release (expected -1.4).
- South Korea’s retail sale stands at 3.0 pct vs -0.4 pct previous release.
Economic Data Ahead
- (0230 ET/0730 GMT) Thailand current account, trade balance.
- (0300 ET/0800 GMT) Swiss KOF leading indicator.
- (0300 ET/0800 GMT) Spain CPI, GDP, HICP.
- (0330 ET/0830 GMT) Hong Kong Trade balance.
- (0400 ET/0900 GMT) Spain current account.
- (0430 ET/0930 GMT) UK mortgage approval.
Key Events Ahead
- No key events scheduled for the day.
FX Recap
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08% to 96.85.
EUR/USD: The euro strengthens remarkably against U.S. dollar and touches $1.1210 mark. The pair is currently trading around $1.1195 mark. A sustained close above $1.1175 will drag the parity higher towards key resistances around $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively. On the other hand, a consistent close below $1.1075 will drag the parity down towards key supports around $1.1050, $1.1017, $1.0919 and $1.0852 levels respectively.
USD/JPY: The Japanese yen trades marginally higher on Monday. The pair is currently trading around 109.16 mark. A sustained close above 109.62 is required to take the parity higher towards key resistances around 110.50, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 109.31 will drag the parity down towards key support around 108.40, 106.90 and 104.20 marks respectively.
GBP/USD: The Pound rises gradually against U.S. dollar and jumps above $1.31 mark. A sustained close below $1.2935 requires for dragging the parity down towards key support around $1.2820, $1.2644 and $1.2352 mark respectively. On the other side, key resistances are seen at $1.3134, $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie rises drastically against U.S. dollar and touches $0.6999 mark in early Asia. Pair made intraday high at $0.6999 and low at $0.6978 mark. A consistent close below $0.6980 requires for downside rally towards $0.6921, $0.6838 and $0.6704 mark respectively. On the other side, a sustained close above $0.6980 will take the parity higher towards $0.7002, $0.7076 and $0.7122 levels respectively.
NZD/USD: The Kiwi appreciates on Monday and touches $0.6719 mark. The pair is currently trading flat around $0.6713 mark. A sustained close above $0.6697 requires for the upside rally. Alternatively, a consistent close below $0.6697 will take the parity down towards key supports around $0.6637, $0.6502, $0.6424, $0.6323, $0.6236 and $0.6196 levels respectively.
Equities Recap
Japan’s Nikkei was trading 0.67 pct lower at 23,677.55 points.
Australia’s S&P/ASX200 was trading 0.25 pct lower at 6,804.20 points.
Hong Kong’s Hang seng was trading 0.53 pct higher at 28,379.00 points.
South Korea’s Kospi was trading 0.20 pct lower at 2,200.81 points.
Taiwan’s TWII was trading 0.25 pct lower at 12,053.45 points.
India’s NSE was trading 0.06 pct lower at 12,237.50 points and BSE sensex points 0.08 pct lower at 41,542.40 points.
Commodities Recap
Gold rises noticeably on Monday. A sustained close above $1,510 requires for the upside rally. On the other side, a consistent close below $1,502 will drag the parity down towards key supports around $1,490, $1,472, $1,458, $1,440, $1,422 and $1,407 mark respectively. On the top side, key resistances are seen at $1,517, $1,532 and $1,558 mark respectively.
Oil price trades slightly up on Monday. Brent crude was up 18 cents at $67.05 a barrel. WTI was up 8 cents at $61.80 a barrel.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades higher to 1.311 percent, the yield on the long-term 15-year bond trades flat to 1.419 percent and the yield on short-term 2-year fell nearly 0.003 pct to 0.901 percent.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, trades slightly down to -0.020 points, the yield on the long-term 30 - year fall -0.011 pct to 0.416 points and the yield on short-term 2 - year fell to -0.127 points.
