Markets:
- Gold down $51 to $4990
- WTI crude oil up 84-cents to $63.73
- US bonds and shares closed
- S&P 500 futures up 0.1%
- AUD leads, JPY lags
The US and far of Canada was on a vacation. It was additionally the beginning of the lunar new 12 months in a lot of Asia in order that predictably saved a lid on markets. The strikes throughout belongings had been restricted however there was a persistent modest bid within the US greenback.
The euro slowly slid to 1.1845 from 1.1860 earlier than bouncing midway again. USD/CAD additionally 20 pips to 1.3635.
In vitality markets, the tone on the US-Iran state of affairs was optimistic late final week and into the weekend however the market cannot shake the sensation that one thing is coming, particularly after a report that extra F-35 jets have been dispatched to the Center East. Crude steadily climbed to $63.75 from $62.75.
Gold was decrease on the day however the harm was carried out in Asia and it was a sideways commerce within the US. The post-Lunar New Yr interval is traditional finish to the lengthy seasonal tailwind from Nov-Feb so preserve it in your radar for the subsequent two weeks.
US inventory futures had been optimistic earlier however then gave all of it again earlier than ending flat. It was powerful to get enthusiastic about it with the market closed however I am positive Tuesday can be extra vigorous.
