Free Trial

Oil Ends A Mixed Day Softer


20-Day EMA Marks Support


Extends This Week’s Decline


(H2)‌‌ Downtrend Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • The greenback trades well early Monday, with the USD higher against most others in G10 to tip the USD Index through Friday's highs. News and macro catalysts are few and far between, with equity markets largely consolidating inside last week's range. Currencies are similarly rangebound Monday, keeping EUR/USD within range of support at 1.1228.
  • AUD, NOK and EUR are the weakest so far Monday, with AUD/USD showing just below the Friday lows at 0.7132. This opens support at 0.7113, the 38.2% retracement of the recovery off the Dec 3 lows at 0.6993.
  • Monday's schedule is relatively light ahead of a jam-packed central bank slate across the week. The highlight of Monday trade will be the release of the Bank of Canada's new inflation mandate at 1500GMT/1000ET. The BoC are expected to have their inflation target re-affirmed, but language tweaks could be made around commitments on employment.