Yesterday’s UK Holiday kept the markets somewhat calm. JPY was the weakest major currency yesterday due to the expectation of Bank of Japan easing in the near term while the US dollar continues to strengthen versus the majors. Looking ahead, UK will certainly release mortgage approvals and M4, US will certainly release consumer self-confidence during US session later in today.
Currencies: The Canadian dollar weakened to a two-week reduced versus its U.S. counterpart on Monday as oil fell, despite the fact that it pared some losses as investors low bets for a U.S. interest rate hike as soon as September. AUDUSD and NZDUSD have actually additionally been well contained and capped by yen demand.
Stocks: The Dow Jones Industrial Standard climbed 107.59 points, or 0.6%, to 18502.99. The S&P 500 rose 11.34 points, or 0.5%, to 2180.38, its biggest gain since Aug. 5. The Nasdaq Composite added 13.41 points, or 0.3%, to 5232.33.
Oil and Gold: Crude Oil prices are ranging. Investors anticipate a possible output freeze due at next month’s informal OPEC meeting. Gold futures on Monday staged a modest rebound after suffering their largest weekly decline since mid-July.