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FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

DOLLAR somewhat rebounded in the Monday session following a spike in US Treasury Yields amid speculation pressures surrounding Fed’s assessment of inflation in this week’s FOMC.

EURO and STERLING marginally declined reflecting USD.

Both GOLD and OIL seem to start forming corrections with next Fibonacci levels to possibly come.

Markets will focus on Eurozone GDP data, the US Consumer Spending report and BoE Gov Carney’s speech.

Today’s Forecast for Important Trading Indicators

Market Movers

  • EURUSD – EURO falls from recent highs ahead of Eurozone GDP as DOLLAR gains. EURO reached a 3-Day low at 1.2334 in the Monday session against DOLLAR.The pair moved lower as the latter strengthened following the US Personal Income release as well as speculations of a hawkish FOMC tomorrow. Investors look forward to today’s GDP figures at 10:00.
  • USDJPY – DOLLAR bears take a breather ahead of FOMC as US treasury Yields rise. YEN bullish rally saw a halt yesterday amid speculations that FOMC is likely to provide hawkish clues on their assessment of inflation. The pair moved 50 pips higher for a daily high of 109.20 but subsided to a close of 108.93, yet on a bullish note. Although, it remains vulnerable.
  • GBPUSD – CABLE declines ~50 pips as political divisions on Brexit weigh in. STERLING fell against DOLLAR forming a correction at the 23.60% Fibonacci Retracement near 1.4035. Reports about political divisions around Brexit increased uncertainty on further EU-UK developments on a divorce deal, taking the pair lower. Markets look at the Net Lending to Individuals release at 09:30.
  • USOIL – OIL heading for $64.20 retest ahead of API Stocks report. CRUDE OIL price fell some 60 cents per barrel in the Monday session following oversupply fears from US and a raising DOLLAR. Price ended the session at $65.38/b after being rejected at the 38.20% Fibonacci Retracement at $65.08/b. Eyes on API’s weekly Crude Oil Stock due at 21:30
  • XAUUSD – GOLD slips following a firmer DOLLAR and higher US Treasury Yields. Spot GOLD fell yesterday as US Treasury Yields surged to more that 3-Yr highs following expectations on reduced stimulus and good prospects on the US inflation. GOLD posted nearly $10 losses while investors are waiting for FOMC and the US Jobs report this week.
  • US Indexes – DJ and S&P 500 plummeted by 0.67%.
  • European Indexes – UK 100 fell 0.08%, DE 30 posted gains in 0.12%.
  • Asian Indexes – ASX 200 plunged by 0.85%, Nikkei 225 saw a 1.43% decline, Hang Seng trades 1.18% lower.
  • US Equities – Facebook plummeted by 2.12%, Twitter soared by 3.75%.


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