Risk keeps a little more upbeat to start the day, as the focus in markets this week will be the US-China trade deal signing.
The yen is keeping a little weaker on the day as the risk mood is lifted ahead of the US-China trade deal signing in Washington later this week. That said, USD/JPY is still trading under key resistance around 109.70 for the time being.
Meanwhile, the pound is the laggard amid more focus on the BOE as several policymakers have come out recently to say that they were leaning more towards a rate cut – should the UK economic situation worsen from hereon.
EUR/USD is better bid at press time and is closing on 1.1130 as the greenback is flashing red, possibly due to the weak jobs data and wage growth figures released Friday.
Oil prices slipped on Monday amid easing U.S.-Iran tensions. The U.S. Crude Oil WTI Futures was unchanged at $59.04 while International Brent Oil Futures slipped to $64.92.
Safe-haven Gold also slipped on Monday. The yellow metal dropped as the U.S. is expected to sign the long-awaited phase one trade deal with China this week.
Looking ahead today, there isn’t much on the economic calendar to impact markets too heavily so expect traders and investors to stick with the current ebb and flow.
Next of note remains the UK data dump dropping in at 09:30 GMT. The UK data includes the monthly GDP growth figures, trade balance, industrial and manufacturing production data.
Looking ahead, the US docket is data empty and hence, traders will keep an eye on any updates on the US-China trade front for some momentum to the markets.
US Dollar is mixed to start the trading week – UK data in Focus
Published on 2020-01-13 08:18
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