Market Roundup
- Australia’s private sector credit stands at 0.1 pct vs 0.1 pct previous release (expected 0.2 pct).
- Japan’s all industries activity m/m stands at -4.3 pct vs 1.9 pct previous release.
- PBOC fixes yuan mid point at 7.0117 against the dollar (est 7.0119).
Economic Data Ahead
- (0300 ET/0800 GMT) Spain PPI.
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 0.02% to 97.67.
EUR/USD: The euro trades flat against U.S. dollar and stabilizes below $1.11 mark. It made intraday high at $1.1083 and low at $1.1072 mark. A sustained close above $1.1075 will drag the parity higher towards key resistances around $1.1125, $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 remains almost unchanged against U.S. dollar and remains well supported below $109.54 mark. The pair is currently trading around 109.42 mark. It made intraday high at 109.53 and low at 109.37 levels. A sustained close above 109.54 is required to take the parity higher towards key resistances around 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 trades marginally higher on Monday. The pair rejects key support at $1.2978 mark and currently trading around $1.3016 mark. A sustained close below $1.2994 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 $1.3050, $1.3134, $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie appreciates against U.S. dollar and touches $0.6912 mark in early Asia. The pair made intraday high at $0.6912 and low at $0.6891 levels. A consistent close below $0.6851 requires for downside rally towards $0.6704 mark. On the other side, a sustained close above $0.6909 will take the parity higher towards $0.6977 and $0.7076 levels respectively.
NZD/USD: The New Zealand dollar remains almost unchanged against U.S. dollar and consolidates around $0.66 mark. The pair is currently trading around $0.6605 mark. Pair made intraday high at $0.6612 and low at $0.6596. A sustained close above $0.6607 requires for the upside rally. Alternatively, a consistent close below $0.6544 will take the parity down towards key supports around $0.6424, $0.6323, $0.6236 and $0.6196 levels respectively.
Equities Recap
Japan’s Nikkei was trading 0.11 pct higher at 23,842.50 points.
Australia’s S&P/ASX 200 was trading 0.33 pct lower at 6,793.50 points.
Hang seng was trading 0.11 pct higher at 27,903.50 points.
South Korea’s Kospi was trading 0.09 pct lower at 2,201.99 points.
Taiwan’s TWII was trading 0.19 pct higher at 11,981.37 points.
India’s NSE was trading 0.05 pct higher at 12,277.50 points and BSE sensex points 0.02 pct lower at 41,667.32 points.
Commodities Recap
Gold trades marginally higher on Monday and stabilizes around $1,480 mark. It moves in stiff boundaries from $1,487 to $1,455 mark. A sustained close above $1,490 requires for the upside rally. On the other side, a consistent close below $1,455 will drag the parity down towards key supports around $1,440, $1,422 and $1,407 mark respectively.
Oil prices trade flat on Monday. Brent crude was down 4 cents at $66.10 a barrel. West Texas Intermediate (WTI) was also down 4 cents at $60.40 a barrel.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades flat to 1.297 percent, the yield on the long-term 15-year bond trades down 3 basis points to 1.405 percent and the yield on short-term 2-year gained nearly 8 basis points to 0.886 percent.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, rose nearly 9 basis point to 0.009 percent, the yield on the long-term 30 - year fell 1 basis points to 0.442 percent and the yield on short-term 2 - year remained almost steady at -0.096 percent.
