America’s Roundup : Dollar steadies ahead of US tariff announcement, Wall Street ends mixed, Gold hits record peak, Oil prices climb 2%

Market Roundup

• French 12-Month BTF Auction 2.131%, 2.226% previous

• French 3-Month BTF Auction 2.244%, 2.300% previous

•French 6-Month BTF Auction 2.211%, 2.282% previous

•US Chicago PMI (Mar) 47.6, 45.5forecast, 45.5 previous

•US Dallas Fed Mfg Business Index (Mar) -16.3 ,-8.3 previous

•US 3-Month Bill Auction 4.205%, 4.190% previous

•US  6-Month Bill Auction 4.070%, 4.085% previous

Looking Ahead Economic Data(GMT)

•23:30 Japan  Jobs/Applications Ratio (Feb) 1.26 forecast,1.26 previous

•23:30 Japan Unemployment Rate (Feb) 2.5% forecast,2.5% previous

•23:50 Japan Tankan All Big Industry CAPEX (Q1) 11.3% previous

•23:50 Japan Tankan All Small Industry CAPEX (Q1) 4.0% previous

•23:50 Japan Tankan Big Manufacturing Outlook Index (Q1) 9 forecast, 13 previous

•23:50 Japan Tankan Large Manufacturers Index (Q1) 12 forecast,14 previous

•23:50 Japan Tankan Large Non-Manufacturers Diffusion Index (Q1) 29 forecast,28 previous

•23:50 Japan Tankan Large Non-Manufacturers Index (Q1) 33 forecast,33 previous

•00:30 Australia Retail Sales (MoM) (Feb) 0.3% forecast, 0.3% previous

•00:30 Japan au Jibun Bank Manufacturing PMI (Mar) 48.3 forecast,49.0 previous

•01:45     China Caixin Manufacturing PMI (Mar) 50.6 forecast, 50.8 previous       

Looking Ahead Events And Other Releases (GMT)

•03:30 Australia RBA Interest Rate Decision (Apr) 4.10% forecast, 4.10%previous              

•03:30   Australia RBA Rate Statement                                                   
Currency Summaries                                                    
EUR/USD: The euro edged lower against the dollar on Monday as investors weighed the potential effects of upcoming U.S. trade tariffs. On Sunday, President Donald Trump revealed that his planned reciprocal tariffs would target all countries, not just a few with the largest trade imbalances. Trump is set to announce a major tariff plan on Wednesday, dubbed "Liberation Day." Alongside tariffs on aluminum, steel, and autos, he has already raised tariffs on all goods from China. European Central Bank (ECB) President Christine Lagarde said on Monday that the looming U.S. tariffs would force Europe to take greater control of its future, emphasizing the impact of tariffs and retaliatory measures on the region’s economic growth. The euro was down at $1.0816. Immediate resistance can be seen at 1.0854(38.2%fib), an upside break can trigger rise towards 1.0969(23.6%fib).On the downside, immediate support is seen at 1.0741(50%fib), a break below could take the pair towards 1.0661(Lower BB).

GBP/USD: The British pound edged lower on Monday as investors avoided risky assets on worries over U.S. President Donald Trump's upcoming announcement of extensive tariff plans on April 2. Markets await details of Trump’s reciprocal tariffs on Wednesday, with Trump stating on Sunday that all countries will be affected.  Trump said on Friday he was open to making deals with countries seeking to avoid U.S. tariffs, but negotiations would only begin after April 2.Britain is feeling the effects of Trump’s tariffs on steel and aluminum, which took effect this month, along with upcoming tariffs on auto imports to the U.S. set to begin on April 3. Immediate resistance can be seen at 1.3007(23.6%fib), an upside break can trigger rise towards 1.3052(Higher BB).On the downside, immediate support is seen at 1.2849(38.2%fib), a break below could take the pair towards 1.2818(Lower BB).

 USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Monday, giving back some monthly gains, as investors grew risk-averse ahead of U.S. trade tariffs expected to be unveiled this week.Global stocks fell and gold prices scaled new highs after U.S. President Donald Trump said on Sunday that reciprocal tariffs he is set to announce on Wednesday will include all nations. The price of oil, a major Canadian export, rose 3.2% to $71.58 a barrel after Trump threatened to impose more tariffs on Russia and to possibly attack Iran. The loonie was trading 0.5% lower at 1.4385 per U.S. dollar. For March, the Canadian dollar was up 0.6%, extending its recovery from a 22-year low last month at 1.4793. Immediate resistance can be seen at 1.4513 (50%fib), an upside break can trigger rise towards 1.3862 (38.2%fib).On the downside, immediate support is seen at 1.4366(61.8%fib), a break below could take the pair towards 1.4324 (Feb 27th low)

 USD/JPY: The dollar initially dipped but recovered ground on Monday as uncertainty around tariffs kept investors cautious. Markets are anxious ahead of a new round of reciprocal tariffs set to be announced by the White House on Wednesday. While specific details are still unclear, Trump stated late Sunday that tariffs would target essentially all countries this week. The Bank of Japan announced a reduction in super-long bond purchases for the first time since beginning its quantitative tightening plan last year. This marks a key step in winding down the stimulus program started in 2013 to address deflation and economic stagnation. The yen was up as much as 0.35% at 149.30 per U.S. dollar at one point on Monday, and was last 0.2% stronger at 149.50.  Immediate resistance can be seen at 150.10(50%fib) an upside break can trigger rise towards 151.12(Higher BB). On the downside, immediate support is seen at 148.39(38.2%fib) a break below could take the pair towards 147.37(Lower BB).

Equities Recap          

European shares dropped to a two-month low on Monday as investors pulled back from riskier assets, following U.S. President Donald Trump's announcement that tariffs would target all countries, raising concerns of a global economic slowdown.

UK's benchmark FTSE 100 closed down by  0.88 percent, Germany's Dax ended down by 1.33 percent, France’s CAC finished the day down by 1.58 percent.                                

The S&P 500 and Dow Jones Industrial Average closed higher on Monday, as investors temporarily overcame the uncertainty surrounding the Trump administration's upcoming tariff plans, which had weighed on U.S. equity markets throughout March.

Dow Jones closed up by 1.00 %percent, S&P 500 closed up  by 0.5% percent, Nasdaq settled down  by  0.14% percent.

Commodities Recap

 Gold prices surged on Monday, surpassing $3,100 per ounce to set a new record high, as concerns over tariffs fueling inflation and slowing economic growth boosted demand for the safe-haven asset, positioning bullion for its best quarter since 1986.

Spot gold rose 1% to $3,116.94 per ounce by 01:44 p.m. ET (1744 GMT), having hit a record of $3,128.06 earlier. U.S. gold futures rose 1.2% to settle at $3,150.30.

Oil prices jumped nearly 2% to a five-week high on Monday, driven by concerns that U.S. President Donald Trump's potential tariffs on Russia and threats of military action against Iran could disrupt global supplies.

Brent futures were up $1.11, or 1.5%, to settle at $74.74 a barrel, while U.S. West Texas Intermediate crude rose $2.12, or 3.1%, to settle at $71.48.