1️⃣ Asian stock markets closed mixed on Monday as fears of a surge in the COVID-19 case continued to rise.

1️⃣ Safe-haven currencies (USD, JPY, CHF) soared as concerns of a surge in Delta-variant COVID-19 infection cases could affect global recovery.

2️⃣ Gloomy market targets are causing investors to stay away from high-beta currencies such as the AUD and NZD.

3️⃣ A correction in oil prices could affect the strength of CAD. In addition, Canadian retail sales fell 2.1% in May.

1️⃣ WTI crude oil prices fell to $ 71 a barrel amid concerns about a slump in global oil demand as several countries recorded increases in COVID-19 infection cases.

2️⃣ Gold prices soared near the $ 1,810 level as investors turned to safe-haven assets amid a surge in COVID-19 infection cases.

1️⃣ New Zealand Trade Balance for June (06:45 Malaysia Time) — Bullish Prediction — The manufacturing PMI has risen.

2️⃣ German IFO Business Climate for July (16:00 Malaysia Time) — No Prediction — PMIs that are higher compensate for a reduction in German manufacturing orders and industrial production.