Trading news

Gold prices rose in India on Monday, according to data compiled by FXStreet.

Japan Tertiary Industry Index (MoM): 0.9% (October) vs 0.3%

Silver (XAG/USD) attracts fresh buyers at the start of a new week and reverses a part of Friday's retracement slide from the all-time peak, around the $64.65 region.

The AUD/USD pair trades 0.10% lower to near 0.6645 during the Asian trading session on Monday. The Aussie pair is under pressure as the National Bureau of Statistics of China has reported unexpectedly weak Chinese Retail Sales and Industrial Production data for November.

The Japanese Yen (JPY) attracts fresh buyers at the start of a new week as traders keenly await the highly-anticipated Bank of Japan (BoJ) rate decision on Friday. Market expectations for an imminent BoJ rate hike in December have risen recently amid a shift in rhetoric from Governor Kazuo Ueda.

The NZD/USD pair loses ground to around 0.5780 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar following the downbeat Chinese economic data.

Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Monday that the economic outlook has evolved broadly in line with the Monetary Policy Committee’s expectations, with signs continuing to emerge that growth is recovering.

China Industrial Production (YoY) below expectations (5%) in November: Actual (4.8%)

China Retail Sales (YoY) registered at 1.3%, below expectations (2.9%) in November

China Fixed Asset Investment (YTD) (YoY) below forecasts (-2.3%) in November: Actual (-2.6%)

Gold price (XAU/USD) attracts some buyers to around $4,315 during the early Asian trading hours on Monday. The precious metal extends its upside to the highest since October 21 amid the prospect of interest rate cuts by the US Federal Reserve (Fed) next year.

China House Price Index down to -2.4% in November from previous -2.2%

The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0656 compared to Friday's fix of 7.0638.

The EUR/USD pair kicks off the new week on a softer note, though it remains within striking distance of the highest level since early October, touched last Thursday. Spot prices currently trade around the 1.1730 region, down less than 0.10% for the day.

Japanese firms cited easing uncertainty around US trade policy and resilient demand in high-tech sectors as key factors supporting business sentiment, according to comments from a senior Bank of Japan (BoJ) official on the Tankan survey.

Ukraine’s President Volodymyr Zelenskiy offered to drop its long-held ambition of joining NATO as he held five hours of talks with US envoys in Berlin on Sunday to end the war with Russia, with talks expected to resume Monday, Reuters reported on Sunday.

A mass shooting at Bondi Beach in the Australian city of Sydney has killed at least 16 people and wounded 40. The officials stated that the death toll includes two police officers and at least one child, Bloomberg reported on Sunday.

United Kingdom Rightmove House Price Index (MoM) remains unchanged at -1.8% in December

United Kingdom Rightmove House Price Index (YoY) declined to -0.6% in December from previous -0.5%