*Spanish Manufacturing PMI (Nov) 53.1, 53.9 forecast, 54.5 previous

*Swiss PMI (Nov) 48.5, 49.6 forecast, 49.9 previous

*Italian Manufacturing PMI (Nov) 44.5, 46.1 forecast, 46.9 previous

*French Manufacturing PMI (Nov) 43.1, 43.2 forecast, 44.5 previous

*German Manufacturing PMI (Nov) 43.0, 43.2 forecast, 43.0 previous

*Italian Monthly Unemployment Rate (Oct) 5.8%, 6.1% forecast, 6.0% previous

15:00 USD Construction Spending (MoM) (Oct) 0.2% forecast, 0.1% previous

*15:00 USD ISM Manufacturing Employment (Nov) 44.4 previous

*15:00 USD ISM Manufacturing New Orders Index (Nov) 47.1 previous

*15:00 USD ISM Manufacturing PMI (Nov) 47.7 forecast, 46.5 previous

*15:00 USD ISM Manufacturing Prices (Nov) 56.0 forecast, 54.8 previous

EUR/USD: The euro sank on Monday as the extreme right in France threatened to bring down the government, putting pressure on European markets. France's far-right National Rally (RN) party has given Prime Minister Michel Barnier until Monday to agree to the party's requests for concessions in his planned budget or face the risk of the RN backing a no-confidence resolution against his administration, which would lead to its demise. This week, crucial US economic data will be announced, potentially influencing market expectations for monetary policy. Among the most important reports are the US job opportunities, the ADP employment report, and the non-farm payrolls report. In addition to these data points, a few Federal Reserve officials, including Fed Chair Jerome Powell, are set to appear. Immediate resistance can be seen at 1.0567(Daily high), an upside break can trigger rise towards 1.0614(50%fib).On the downside, immediate support is seen at 1.0478(23.6%fib), a break below could take the pair towards 1.0358(Lower BB)

GBP/USD: The pound dipped on Monday as greenback rose as President-elect Donald Trump marked a shift from his prior advocacy of a weaker dollar by demanding that BRICS member countries not create or support another currency that could replace the dollar.. In a surprise change of tone, Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could replace the dollar or face 100% tariffs. Sterling slid 0.4% to $1.2690, after touching $1.2750 on Friday for the first time since Nov. 13. On Friday, the Bank of England warned that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers. Immediate resistance can be seen at 1.2755(50%fib), an upside break can trigger rise towards 1.2800 (Psychological level).On the downside, immediate support is seen at 1.2652(38.2%fib), a break below could take the pair towards 1.2519(23.6%fib)

AUD/USD: The Australian dollar dipped against dollar Monday as firmer greenback weighed on Australian dollar despite upbeat Australian retail sales data.US dollar firmed after U.S. President-elect Trump on Saturday demanded that the BRICS countries commit to not creating a new currency or supporting another currency that would replace the U.S. dollar or face 100% tariffs. Australian retail sales firmed for a third straight month in October as tax cuts flowed through to wage packets and consumers became more confident that interest rates would not increase again, although policy easing still looked distant.Data from the Australian Bureau of Statistics (ABS) on Monday showed retail sales rose 0.6% in October from September, when they grew a meagre 0.1%. Analysts had looked for a gain of 0.4% in October. Immediate resistance can be seen at 0.6538(38.2%fib), an upside break can trigger rise towards 0.6580(50%fib).On the downside, immediate support is seen at 0.6470(23.6%fib), a break below could take the pair towards 0.6436(Nov 26th low).

USD/JPY: The dollar strengthened against the yen on Monday as comments from U.S. President-elect Donald Trump boosted greenback . Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could replace the dollar or face 100% tariffs.Over the weekend, Bank of Japan Governor Kazuo Ueda said the next interest rate hikes are nearing in the sense that economic data are on track, following figures showing Tokyo inflation picked up in October.Data out Monday showed business investment running at a healthy 8.1% clip in the third quarter, encouraging markets to price in a 63% chance the BOJ will hike by a quarter point to 0.5% at its policy meeting on Dec. 18-19. The dollar regained 0.4% on the yen to 150.71 , having shed 3.3% last week in its worst run since July. Immediate resistance can be seen at 150.59 (38.2%fib) an upside break can trigger rise towards 152.58 (50%fib). On the downside, immediate support is seen at 148.67 (50%fib) a break below could take the pair towards 147.10(61.8%fib).

Equities Recap

European markets were higher Monday as investors assessed France's far right to collapse its government.

At (GMT 12:38 ),UK's benchmark FTSE 100 was last trading up at 0.32 percent, Germany's Dax was up by 1.20 percent, France's CAC finished was up by 0.06 percent.

Commodities Recap

Gold dropped 1% on Monday, ending a four-session winning streak, weighed down by a robust U.S. dollar, as investors eyed upcoming economic data and remarks from Federal Reserve officials for clues on the future of U.S. interest rates.

Spot gold was down 0.7% to $2,635.65 per ounce, as of 1059 GMT. It was down 1% earlier in the session.U.S. gold futures fell 0.8% to $2,658.60.

Oil prices rose more than 1% on Monday, supported by strong factory activity in China, the world's second-largest oil consumer, and escalating tensions in the Middle East, where Israel resumed attacks on Lebanon despite a ceasefire deal.

Brent crude futures climbed 84 cents, or 1.17%, to $72.68 a barrel by 1203 GMT while U.S. West Texas Intermediate crude was at $68.79 a barrel, up 79 cents, or 1.16%.