S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketOutlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Outlook for USD/CNH remains neutral for now
24-HOUR VIEW: “We expected USD to ‘trade in a range between 6.9740 and 6.9900’ last Friday. USD subsequently traded between 6.9721 and 6.9841, closing largely unchanged (6.9777, -0.07%). The underlying tone has softened somewhat, but this is likely to lead to USD trading range of 6.9700/6.9860 rather than a continued decline.”
1-3 WEEKS VIEW: “Last Thursday (08 Jan, spot at 6.9900), we highlighted ‘the outlook for USD is neutral now’, and we expected it to ‘trade between 6.9660 and 7.0160’. Our view remains unchanged.”
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