Forex Market Update:Epic Research Malaysia

The euro traded higher against its main rivals Monday as the initial shock from Syriza’s electoral victory in Greece faded, and a gauge of German business activity proved more upbeat than expected.

The euro EURUSD, +0.04% was worth $1.1267 in recent trade, compared with $1.1208 late Friday in New York.

The euro EURGBP, -0.08% similarly recovered from a six-year low of £0.7405 to trade at £0.7479 Monday, which was about even with its Friday afternoon level. It EURJPY, -0.06% traded at ¥133.47 Monday morning, after falling to a low of ¥130.15. It traded at ¥132.14 Friday.

The dollar EURJPY, -0.05% was at ¥118.38, from ¥117.81 late Friday in New York as investors positioned for a bump in the dollar’s value after the Federal Reserve’s policy statement, which is expected Wednesday after the close of the FOMC’s two-day policy meeting.

The broader ICE dollar index DXY, -0.05% was flat at 94.7720.

The pound GBPUSD, +0.15% climbed to $1.5079, from $1.4992 late Friday, as investors anticipated a strong reading on British gross domestic product Tuesday morning.

Natural Gas Market Update:Epic Research Malaysia

Elsewhere in energy trading, natural gas for February delivery NGG15, +1.46% fell 10.5 cents, or 3.5%, to $2.881 per million British thermal units. See: What blizzard? Natural gas futures shrug off weather.

The contract had rallied 5.3% on Friday, driven higher amid a massive cold spell across much of eastern North America.

Nymex gasoline for February RBG5, +0.02% fell 3.12 cents, or 2.3%, to $1.3167 a gallon, while February heating oil HOG5, +0.12% lost 0.69 cents, or 0.4%, to $1,6398 a gallon.

Oil Market Update:Epic Research Malaysia

New York-traded oil futures ended lower Monday after shifting between gains and losses in the wake of an election win by Greek anti austerity party Syriza.

Light, sweet crude for March delivery CLH5, +0.24% fell 44 cents, or 1%, to close at $45.15 a barrel on the New York Mercantile Exchange.

Brent crude also declined, with the March contract LCOH5, +0.35% declining 63 cents, or 1.3%, to $48.16 a barrel on London’s ICE Futures Exchange.

Platinum Market Update :Epic Research Malaysia

In other metals, platinum for April delivery PLJ5, -0.10% lost $13.70 to $1,255 an ounce, while palladium for March delivery PAH5, -0.57% gave up $7.75 to $781.85 an ounce.

High-grade copper for March delivery HGH5, -0.45% rose 4 cents to $2.54 a pound.

Commodity Market Update:Epic Research Malaysia

Gold futures declined on Monday as traders took profits after radical leftist party Syriza won the Greek election over the weekend, adding a dash of uncertainty to markets.

Gold for February delivery GCG5, -0.17% retreated $13.20, or 0.1%, to settle at $1,279.40 an ounce, while March silver futures SIH5, -0.74% shed 6 cents to $18.30 an ounce.