The dollar continues to rally across the board, showing the top performance against Japanese yen on Monday, as the pair broke above 108.00 barrier in mid-European trading, being so far up 1.10% and showing signals of further advance, driven by dollar’s post-election strength.

At the same time, dollar index extended rally above January highs at 99.87/89 and cracked psychological 100.00 barrier, returning to the levels last traded in November 2015. The index that measures performance of the US dollar against six major world currencies, was up 0.8% at the time of writing and eyeing the upper boundary of bull-channel from 91.88 (03 May low).

The dollar is also driven by market expectations for a rate hike at the Federal Reserve’s December policy meeting that rose on Monday, amid growing optimism surrounding the effects of a Donald Trump presidency on the U.S. economy.

The single currency in fresh acceleration lower and is approaching 2016 low at 1.0709, on track for the biggest daily loss after last Wednesday’s post-US election crash.
Break below 1.0709 handle would open way towards 2015 yearly low at 1.0519, as there are no obstacles en-route.

British pound came under pressure again at the beginning of US session, after corrective rally from daily low at 1.2461 was capped at 1.2554. The pair eyes pivotal support at 1.2445, loss of which would generate fresh bearish signal. Cable is on track for daily close in red, which would mark the biggest one-day loss since 27 Oct.

Spot Gold remains firmly in red on strong risk-on mode and on track for the third consecutive strong daily loss. The yellow metal was down 1.14% since Monday’s opening and cracked strong technical support at $1214, on the way towards next target at $1200.

European stocks turned in red in Monday’s midday trading, after opening higher on Monday. FTSE100 was down 0.47% at 15:00 GMT; DAX slipped 0.57%, while CAC40 Index was down 0.44%.
Wall Street opened higher on Monday with Dow Jones being up 0.36%; Nasdaq gained 0.21% and S&P500 being up 0.21% after opening bell.

Global bond prices fell on Monday, pushing yields to multi-month highs as the post-US election global sell-off in sovereign debt continued. US yields have been on a tear following Donald Trump’s

US election win last week, as traders reassessed the implications of a Trump presidency, with many seeing it ushering in higher economic growth and rising inflation.
The yield on the US 10-year Treasury note was up nearly 15basis points, after rising to as high as 2.267%, a level not seen since January 4.

The 30-year yield gained 12.7 basis points to 3.040%, while the two-year yield rose 8.5 basis points to 0.992%.

In Europe, yields on 10-year German Bunds were up by 7.3 basis points to 0.380%, the strongest since late-January, while the U.K.’s benchmark 10-year gilt yields were 11.5 basis points higher at 1.480%, surpassing the levels last held shortly before the Brexit referendum in June., Market Analysis