Market Roundup
• French 12-Month BTF Auction 2.038%,2.058% previous
• French 3-Month BTF Auction 2.004%, 2.007% previous
•French 6-Month BTF Auction 2.031%, 2.036% previous
•US Consumer Inflation Expectations (Jan) 3.1% , 3.4% previous
•US 3-Month Bill Auction 3.600%, 3.600% previous
•US 6-Month Bill Auction 3.500%, 3.525% previous
Looking Ahead Economic Data (GMT)
• `00:30 Australia NAB Business Confidence (Jan) 3 previous
• `00:30 Australia Building Approvals (MoM) (Dec) -14.9%forecast, 15.2% previous
• `00:30 Australia NAB Business Survey (Jan) 9 previous
• `00:30 Australia Building Approvals (YoY) (Dec) 0.40% forecast, 20.20% previous
• `00:30 Australia Private House Approvals (Dec) 0.4% forecast, 1.3% previous
•06:00 Japan Machine Tool Orders (YoY) 10.6% previous
Looking Ahead Events And Other Releases (GMT)
• No Event Ahead
Currency Summaries
EUR/USD : The euro rose higher on Monday as dollar weakened as investors braced for a week packed with U.S. economic data that could offer more clues on the U.S. Federal Reserve's monetary policy. Payrolls are forecast to rise 70,000 in January, to leave the unemployment rate at 4.4%, though payroll growth over 2025 is also expected to be revised down quite sharply.Retail sales are seen up a moderate 0.4%, while headline and core consumer price inflation is forecast to slow a little to 2.5% in January. San Francisco Federal Reserve President Mary Daly said on Friday she thinks one or two more interest rate cuts may be needed to counteract weakness in the labour market. Immediate resistance can be seen at 1.1872(38.2%fib), an upside break can trigger rise towards 1.1974(Jan 30th high).On the downside, immediate support is seen at 1.1783(SMA 20), a break below could take the pair towards 1.1724(50%fib).
GBP/USD: Sterling rose to a three-day high on Monday as a weaker U.S. dollar outweighed a deepening political crisis in the United Kingdom.The dollar eased at the start of a week packed with key U.S. data, including retail sales, inflation, and Wednesday’s delayed jobs report.British Prime Minister Keir Starmer’s Chief of Staff, Morgan McSweeney, resigned on Sunday after backing Peter Mandelson’s appointment as U.S. ambassador despite his links to Jeffrey Epstein. Polls show Starmer’s popularity has fallen sharply after several U-turns, with some in his party questioning his leadership.Meanwhile, the Bank of England held rates steady last week in a narrow 5–4 vote and said borrowing costs could fall if inflation continues to ease. Data this week, including January retail sales and December GDP, may further shape monetary policy expectations.. Immediate resistance can be seen at 1.3663(38.2%fib), an upside break can trigger rise towards 1.3733(Feb 4th high).On the downside, immediate support is seen at 1.3583 (SMA 20), a break below could take the pair towards 1.3512(50%fib).
USD/CAD: Canadian dollar hit 10-day high against dollar on Monday as higher oil prices and weaker US dollar boosted commodity lined Canadian dollar. The U.S. dollar fell ahead of week packed with U.S. economic data that could offer more clues on the U.S. Federal Reserve's monetary policy. Investors are closely watching this week’s U.S. nonfarm payrolls, inflation, and jobless claims data for clues on monetary policy, with markets already pricing in at least two 25-basis-point rate cuts in 2026. The price of oil , one of Canada's major exports, rose 1.4% to $64.44 a barrel on renewed concerns that tensions between the U.S. and Iran could lead to oil supply disruptions. The Canadian dollar was trading 0.8% higher at 1.3565 after touching its strongest intraday level since January 30 at 1.3560. Immediate resistance can be seen at 1.3656(38.2%fib), an upside break can trigger rise towards 1.3715(SMA20).On the downside, immediate support is seen at 1.3494 (23.6%fib), a break below could take the pair towards 1.3455 (Lower BB).
USD/JPY: The U.S. dollar slipped lower on Monday as the yen strengthened following Prime Minister Sanae Takaichi’s election victory, snapping a six-day losing streak as investors bet fiscal stimulus would support equities.The yen initially weakened to a two-week low after Sunday’s result but later rebounded as trading progressed.Takaichi is projected to secure about 328 of 465 lower house seats for her Liberal Democratic Party. Along with coalition partner Ishin, she now holds a two-thirds supermajority, allowing her to override the upper chamber.The landslide victory has reduced political uncertainty and boosted confidence in the government’s ability to implement its policy agenda. Immediate resistance can be seen at 156.42(SMA 20) an upside break can trigger rise towards 157.70(Daily high) .On the downside, immediate support is seen at 155.61(38.2%fib) a break below could take the pair towards 154.42 (Wed 17th low).
Equities Recap
European stocks gained ground n Monday, boosted by Novo Nordisk A/S shares after a U.S. rival abandoned a copycat Wegovy weight-loss drug.
UK's benchmark FTSE 100 closed up by 0.16 percent, Germany's Dax ended up by 1.19 percent, France’s CAC finished the day up by 0.60 percent.
The S&P 500 and Nasdaq climbed steadily on Monday after a weak start, as tech stocks recovered from last week’s AI-driven selloff, with investors awaiting key economic data that could influence the Fed’s interest-rate outlook.
Dow Jones closed up by 0.04 percent, S&P 500 closed up by 0.47 percent, Nasdaq settled up by 0.90 percent.
Commodities Recap
Gold prices climbed 2% on Monday, supported by a weaker dollar, as investors awaited a week of U.S. economic data that could hint at the Federal Reserve’s policy path.
Spot gold rose 1.9% to $5,056.21 per ounce by 01:35 p.m. ET (1835 GMT), extending a 4% rally from Friday.
U.S. gold futures for April delivery settled 2% higher at $5,079.40 per ounce.
Oil prices rose over 1% on Monday after the U.S. Department of Transportation advised U.S.-flagged vessels to avoid Iranian waters while transiting the Strait of Hormuz and Gulf of Oman.
Brent crude oil futures settled up 99 cents, or 1.5%, at $69.04 a barrel. U.S. West Texas Intermediate crude rose 81 cents, or 1.3%, to settle at $64.36.
