America’s Roundup: Dollar soft, euro, sterling hit new highs,Wall Street ends mixed, Gold climbs, Oil retreats 
Market Roundup
•Swiss PPI (MoM) (Nov): -0.5 , -0.3% previous.
•Swiss PPI (YoY) (Nov): -1.6% , -1.7% previous.
•Eurozone Industrial Production (MoM) (Oct): 0.8% , 0.2% previous.
•Eurozone Industrial Production (YoY) (Oct): 2.0% , 1.2% previous.
Looking Ahead Economic Data (GMT)
• 13:30 Canada Core CPI (MoM) (Nov): 0.6% previous.
• 13:30 Canada Core CPI (YoY) (Nov): 2.9%previous.
• 13:30 Canada CPI (MoM) (Nov): 0.2% previous.
• 13:30 U.S. NY Empire State Manufacturing Index (Dec): 18.70 previous.
• 13:30 Canada Common CPI (YoY) (Nov): 2.7% previous.
• 13:30 Canada CPI (YoY) (Nov): 2.2% previous.
• 13:30 Canada Median CPI (YoY) (Nov): 2.9% previous.
• 13:30 Canada Trimmed CPI (YoY) (Nov): 3.0%, previous.
• 13:30 Canada Manufacturing Sales (MoM) (Oct): -1.1% forecast, 3.3% previous.
•14:00 French 12-Month BTF Auction: 2.148% previous.
•14:00 French 3-Month BTF Auction: 2.088% previous.
•14:00 French 6-Month BTF Auction: 2.103% previous.
•16:30 U.S. 3-Month Bill Auction: 3.650% previous.
•16:30 U.S. 6-Month Bill Auction: 3.580% previous.
Looking Ahead Events and Other Releases(GMT)
•No Events Ahead
EUR/USD : The euro firmed against the dollar on Monday as investors braced for a week packed with major central bank decisions and key economic data. Among the policymakers in focus, the Bank of Japan is widely expected to raise interest rates by 25 basis points to 0.75%, while the Bank of England may deliver an equivalent cut to 3.75%. The European Central Bank is expected to keep rates unchanged, alongside Sweden’s Riksbank and Norway’s Norges Bank.Markets will also turn their attention to a slate of U.S. economic data delayed by the government shutdown, including the November jobs report and the monthly consumer price index.. Immediate resistance can be seen at 1.1752(Higher BB), an upside break can trigger rise towards 1.1791(23.6%fib).On the downside, immediate support is seen at 1.1670(50%fib), a break below could take the pair towards 1.1618(SMA20).
GBP/USD: Sterling dipped on Monday as investors awaited key economic data that could set the course for UK interest rate.Focus now turns to a busy run of macro releases. In the U.S., November non-farm payrolls are due on Tuesday, with job growth forecast at 40K and the unemployment rate seen at 4.4%.In the U.K., employment and inflation data are scheduled for Tuesday and Wednesday respectively, with headline CPI expected to print at 3.5% year on year.These releases will feed directly into expectations for the Bank of England’s policy decision on Thursday, where a 25-basis-point rate cut to 3.75% is widely anticipated. Immediate resistance can be seen at 1.3423(Higher BB), an upside break can trigger rise towards 1.3524(38.2%fib).On the downside, immediate support is seen at 1.3368(50%fib), a break below could take the pair towards 1.3282(Dec 10th low).
AUD/USD: The Australian dollar edged lower against the U.S. dollar on Monday as investors digested weaker-than-expected Chinese retail sales and industrial production data. Chinese industrial output rose 4.8% year on year in November, National Bureau of Statistics (NBS) data showed on Monday, marking the weakest pace since August 2024. Growth slowed from 4.9% in October and missed forecasts for a 5.0% increase. Retail sales, a key gauge of consumption, rose just 1.3%, the weakest pace since December 2022, when the world’s second-largest economy lifted pandemic restrictions. The reading fell well short of October’s 2.9% growth and expectations for a 2.8% gain. At home, Australia’s Labor government is expected to unveil its mid-year budget update on Wednesday. Globally, markets are now focused on U.S. November non-farm payrolls due Tuesday and CPI inflation on Thursday. Immediate resistance can be seen at 0.6692(Higher BB), an upside break can trigger rise towards 0.6713(23.6%fib).On the downside, immediate support is seen at 0.6613(38.2%fib), a break below could take the pair towards 0.6556(SMA 20)
USD/JPY: The U.S. dollar edged lower on Monday as the Japanese yen strengthened amid rising expectations of a Bank of Japan rate hike. A shift in tone from BoJ Governor Kazuo Ueda has reinforced market bets on a near-term move, potentially as early as this week.The BoJ is widely expected to raise its short-term policy rate to 0.75% from 0.5% at its December 18–19 meeting, as concerns ease that President Donald Trump’s tariffs could significantly damage Japan’s export-reliant economy. With the rate increase largely priced in, investors are likely to focus on the central bank’s guidance regarding the pace of future hikes and the eventual peak of the tightening cycle.On the data front, sentiment among major Japanese manufacturers improved further. Business confidence rose to a four-year high in the three months to December, with the headline index climbing to +15 from +14 in September, according to the BoJ’s closely watched tankan survey, in line with the median market forecast.Immediate resistance can be seen at 157.32(Higher BB) an upside break can trigger rise towards 155.88(38.2%fib) .On the downside, immediate support is seen at 154.74 (Lower BB) a break below could take the pair towards 154.24 (38.2%fib).
Equities Recap
European shares edged higher on Monday, starting a week packed with central bank decisions and delayed U.S. economic data on a positive note, as investors returned to risk assets following last week’s subdued close.
At (GMT 12:38),UK's benchmark FTSE 100 was last trading up at 0.99 percent, Germany's Dax was up by 0.27 percent, France’s CAC was last up by 0.99 percent.
Commodities Recap
Oil prices held steady on Monday as investors balanced supply disruptions linked to escalating U.S.-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.
Brent crude futures were down 20 cents, or 0.33%, to $60.92 a barrel at 1301 GMT, and U.S. West Texas Intermediate crude was at $57.23 a barrel, down 21 cents, or 0.37%.
Gold climbed 1% on Monday to hover near a seven-week high, supported by a weaker dollar, expectations of interest rate cuts and safe-haven buying due to geopolitical tensions, while silver gained but held below Friday’s record high.
Spot gold gained 0.9% to $4,343.96 an ounce by 1145 GMT, after rising over 1% earlier in the session. Bullion hit its highest since October 21 on Friday.U.S. gold futures rose 1.1% to $4,374.40 an ounce.
