Market Roundup
- Japan’s construction orders stands at -1.2 pct vs 6.4 pct previous release.
- Japan’s housing starts stands at -12.7 pct vs -7.4 pct previous release (expected -8.1 pct).
- Singapore’s industrial production m/m stands at -9.3 pct vs 3.6 pct previous release.
Economic Data Ahead
- (0600 ET/1100 GMT) France Job seekers total.
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 97.63.
EUR/USD: The euro trades almost flat against U.S. dollar and stabilizes below $1.11 mark. The pair is currently trading around $1.1090 mark. A sustained close above $1.1125 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 flat despite negative housing starts, construction orders data. The pair is currently trading around 109.55 mark. 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 takes halt around $1.2980 mark against U.S. dollar. UK banks will be closed in observance of Boxing Day. 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 $1.3050, $1.3134, $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie remains unchanged against U.S. dollar and consolidates around $0.6928 mark. Australian banks will be closed in observance of Boxing Day. A consistent close below $0.6851 requires for downside rally towards $0.6704 mark. On the other side, a sustained close above $0.6921 will take the parity higher towards $0.6977 and $0.7076 levels respectively.
NZD/USD: New Zealand banks will be closed in observance of Boxing Day. The pair is currently trading flat around $0.6632 mark. A sustained close above $0.6635 requires for the upside rally. Alternatively, a consistent close below $0.6590 will take the parity down towards key supports around $0.6502, $0.6424, $0.6323, $0.6236 and $0.6196 levels respectively.
Equities Recap
Japan’s Nikkei was trading 0.22 pct higher at 23,884.23 points.
South Korea’s Kospi was trading 0.05 pct lower at 2,190.99 points.
Taiwan’s TWII was trading 0.03 pct higher at 12,011.66 points.
India’s NSE was trading 0.02 pct lower at 12,212.50 points and BSE sensex points 0.01 pct lower at 41,458.32 points.
Commodities Recap
Gold rises gradually in festive season. A sustained close above $1,502 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. On the top side, key resistances are seen at $1,508, $1,517 and $1,532 mark respectively.
Oil price rose on Thursday. Brent crude was up 16 cents at $67.36 a barrel. WTI was up 0.3% at $61.31 a barrel.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades higher to 1.306 percent, the yield on the long-term 15-year bond trades down 0.011 pct to 1.413 percent and the yield on short-term 2-year fell nearly 0.01 pct to 0.899 percent.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, trades slightly down to -0.004 points, the yield on the long-term 30 - year fall 0.021 pct to 0.438 points and the yield on short-term 2 - year fell to -0.112 points.
