Market Roundup
- PBOC keeps loan Prime Rate unchanged at 4.15 pct.
- U.K.’s rightmove HPI stands at 2.3 pct vs -0.9 pct previous release.
- Japan’s revised industrial production stands at -1.0 pct vs -0.9 pct previous release.
Economic Data Ahead
- (0200 ET/0700 GMT) German PPI.
- (0200 ET/0700 GMT) China FDI.
- (0330 ET/0830 GMT) Hong Kong unemployment rate.
Key Events Ahead
- (0800 ET/1300 GMT) Swiss World Economic Forum Annual Meeting.
FX Recap
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 97.61.
EUR/USD: The euro trades marginally higher against U.S. dollar and currently trading $1.1096 mark on Monday. A sustained close above $1.1088 will drag the parity higher towards key resistances around $1.1142, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively. On the other hand, a consistent close below $1.1088 will drag the parity down towards key supports around $1.1017, $1.0919 and $1.0852 levels respectively.
USD/JPY: The Japanese yen remains almost unchanged against U.S. dollar and stabilizes above 110.00 mark. The pair is currently trading around 110.16 mark. A sustained close above 110.16 is required to take the parity higher towards key resistances around 110.50, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 109.89 will drag the parity down towards key support around 108.40, 106.90 and 104.20 marks respectively.
GBP/USD: The Pound trades flat against U.S. dollar and stabilizes below $1.30 mark. 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 $1.3045, $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie rises gradually against U.S. dollar and hovers around $0.6880 mark. Pair made intraday high at $0.6886 and low at $0.6872 mark. A consistent close below $0.6873 requires for downside rally towards $0.6838 and $0.6754 mark respectively. On the other side, a sustained close above $0.6873 will take the parity higher towards $0.6942, $0.7076 and $0.7122 levels respectively.
NZD/USD: The Kiwi rises on Monday and stabilizes above $0.6600 mark. The pair is currently trading around $0.6620 mark. A sustained close above $0.6646 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 0.24 pct higher at 24,099.50 points.
Australia’s S&P/ASX 200 was trading 0.26 pct higher at 7,082.10 points.
Hong Kong’s hang seng was trading 0.44 pct lower at 28,929.25 points.
South Korea’s Kospi was trading 0.80 pct higher at 2,268.57 points.
Taiwan’s TWII was trading 0.30 pct higher at 12,127.66 points.
India’s NSE was trading 0.20 pct lower at 12,327.50 points and BSE sensex points 0.16 pct lower at 41,876.32 points.
Commodities Recap
Gold trades marginally higher on Monday and hovers around $1,560 mark. A sustained close above $1,574 requires for the upside rally. On the other side, a consistent close below $1,546 will drag the parity down towards key supports around $1,530, $1,511, $1,490, $1,472 and $1,458 mark respectively. On the top side, key resistances are seen at $1,574, $1,597 and $1,611 mark respectively.
Oil prices start a new on a higher note. Brent crude futures were up by 74 cents to $65.59. The West Texas Intermediate contract was up by 58 cents at $59.12 a barrel, after rising to $59.73 in early Asia.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades lower to 1.174 percent, the yield on the long-term 15-year bond trades down to 1.279 percent and the yield on short-term 2-year fell nearly 0.004 pct to 0.763 percent.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, trades flat at 0.006 points, the yield on the long-term 30 - year rose 0.004 pct to 0.463 points and the yield on short-term 2 - year fell to -0.122 points.
