FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

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Re: FirewoodFX - Market News

#451

Post by B0N3 » Wed Mar 06, 2019 8:02 pm

Europe Roundup:
Sterling eases as doubts over Brexit deal return, greenback near 2-week peak as investors’ eye U.S. ADP report, European shares decline –
Wednesday, March 6th, 2019







Market Roundup

EU does not expect Brexit breakthrough before weekend – Diplomats, Officials

Brexit: Britain's business minister says the competitiveness of UK industry would decline if we imposed tariffs on components the UK imports

Brexit: Britain's business minister says cutting tariffs could remove incentive for other countries to want a trade deal with the UK

Brexit: Britain's business minister says UK will face very difficult choice on tariffs in the event of a no-deal Brexit



Economic Data Ahead

(0815 ET/1315 GMT) Payrolls processor ADP releases U.S. employment report for the month of February. The report is expected to show that 189,000 jobs were added as compared with 213,000 jobs in January.

(0830 ET/1330 GMT) The United States releases trade balance figures for the month of December. The economy's trade deficit is expected to have widened to $57.0 billion from 49.3 billion in November.

(0830 ET/1330 GMT) Statistics Canada is likely to report that international trade deficit expanded to C$2.80 billion in December from C$2.06 billion in November

(1000 ET/1500 GMT) Bank of Canada will meet to announce its benchmark interest rate, where it is expected to hold interest rates steady.

(1000 ET/1500 GMT) The Richard Ivey School of Business releases Canada's seasonally adjusted Ivey Purchasing Managers Index for the month of February. The index posted a reading of 54.7 in the prior month.

(1030 ET/1530 GMT) The Energy Information Administration (EIA) reports its Crude Oil Stocks for the week ending February 25.

(1400 ET/1900 GMT) The Fed issues its Beige Book, a summary of anecdotes on the health of the economy.



Key Events Ahead

(0715 ET/1215 GMT) Bank of England Deputy Governor Jon Cunliffe speaks at an event in London

(1000 ET/1500 GMT) Bank of Canada will meet to announce its benchmark interest rate, where it is expected to hold interest rates steady.

(1200 ET/1700 GMT) Federal Reserve Bank of Cleveland President Loretta Mester participates in moderated question-and-answer session in Columbus, Ohio(1210 ET/1710 GMT) Federal Reserve Bank of New York President John Williams at the Economic Club of New York

(1230 ET/1730 GMT) Michael Saunders, Bank of England member of the monetary policy committee, speaks at an event in London

(1300 ET/1800 GMT) Bank of England chief economist Andy Haldane to host first 'Citizens Panel' in Hull, northeast England



FX Beat

DXY: The dollar index rose, extending gains for the sixth straight session, as investors now awaited U.S. ADP non-farm employment data for the month of February, and speeches by members of the Federal Open Market Committee, Mester and Williams for fresh clues on the strength of the economy. The greenback against a basket of currencies traded 0.05 percent up at 96.94, having touched a high of 97.01 on Tuesday, its highest since February 19. FxWirePro's Hourly Dollar Strength Index stood at 82.28 (Slightly Bullish) by 0900 GMT.

EUR/USD: The euro plunged to a 2-week low as inventors expect the European Central Bank on Thursday to signal a delay in hiking rates until next year and re-launch long-term bank loans soon. The European currency traded 0.05 percent down at 1.1301, having touched a low of 1.1289 earlier, its lowest since Feb. 19. FxWirePro's Hourly Euro Strength Index stood at 41.96 (Neutral) by 0900 GMT. Immediate resistance is located at 1.1341 (Feb. 13 High), a break above targets 1.1371 (Feb. 20 High). On the downside, support is seen at 1.1275 (Feb. 19 Low), a break below could drag it till 1.1234 (Feb. 15 Low).

USD/JPY: The dollar consolidated near a 2-1/2 month peak hit in the previous session as investors continued to digest better-than-expected U.S. single-family home sales data. Moreover, the rebound in the service sector to a 7-month high in December continued to support the bid tone around the pair. The major was trading flat at 111.90, having hit a high of 112.07 on Friday, its highest since December 20. FxWirePro's Hourly Yen Strength Index stood at 10.38 (Neutral) by 0900 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. ADP employment change, trade balance and Fed William's speech. Immediate resistance is located at 112.20, a break above targets 112.60 (Dec. 20 High). On the downside, support is seen at 111.32 (Mar. 1 Low), a break below could take it lower at 110.66 (Feb.28 Low).

GBP/USD: Sterling slumped, drifting closer to a 1-week low touched in the prior session, amid a lack of progress in Brexit talks stroking concern that a vote on Prime Minister Theresa May's deal could be delayed. The major traded 0.4 percent down at 1.3130, having hit a low of 1.3097 on Tuesday; it’s lowest since Feb.26. FxWirePro's Hourly Sterling Strength Index stood at 22.79 (Neutral) 0900 GMT. Immediate resistance is located at 1.3226 (5-DMA), a break above could take it near 1.3288 (Feb.26 High). On the downside, support is seen at 1.3093 (Feb. 26 Low), a break below targets 1.3011 (Feb. 20 Low). Against the euro, the pound was trading 0.3 percent down at 86.05 pence, having hit a low of 86.45 on Tuesday, it’s lowest since Feb 26.

USD/CHF: The Swiss franc tumbled to a 2-week low as the greenback surged across the board on unexpectedly strong U.S. economic data. The major trades 0.1 percent up at 1.0050, having touched a low of 0.9926 on Thursday; it’s lowest since February 1. FxWirePro's Hourly Swiss Franc Strength Index stood at -90.08 (Slightly Bearish) by 0900 GMT. On the higher side, near-term resistance is around 1.0060 (February 19 High) and any break above will take the pair to next level till 1.0099 (February 11 High). The near-term support is around 1.0001 (February 19 Low), and any close below that level will drag it till 0.9983 (February 25 Low).



Equities Recap

European Shares declined, weighed down by weak results from the autos sector, while sterling slumped as the European Union saw no Brexit breakthrough before this weekend

The pan-European STOXX 600 index slumped 0.2 percent at 375.49 points, while the FTSEurofirst 300 index declined 0.1 percent to 1,475.78 points.

Britain's FTSE 100 trades 0.1 percent up at 7,191.82 points, while mid-cap FTSE 250 eased 0.1 to 19,418.78 points.

Germany's DAX fell 0.2 percent at 11,602.22 points; France's CAC 40 trades 0.1 percent lower at 5,291.33 points



Commodities Recap

Crude Oil prices plunged as bullish output forecasts by two U.S. producers and a build in weekly U.S. crude stockpiles offset OPEC-led production cuts. International benchmark Brent crude was trading 0.1 percent down at $65.51 per barrel by 0934 GMT, having hit a high of $67.11 on Friday, its highest since February 25. U.S. West Texas Intermediate was trading 0.5 percent lower at $55.96 a barrel, after rising as high as $57.85 on Friday, its highest since the November 16.

Gold prices eased, hovering towards a more than 5-week low hit in the previous session, as the greenback surged across the board. Spot gold was 0.1 percent down at $1,286.34 per ounce by 0936 GMT, having touched a low of $1,281.08 in the previous session, its lowest since January 25. U.S. gold futures were up about 0.4 percent at $1,289.60 per ounce.








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#452

Post by B0N3 » Fri Mar 08, 2019 5:50 pm

Asia Roundup:
Aussie at 2-month low on worse than expected Chinese exports, euro plunges to 21-month low following ECB policy outcome, Asian shares slump - Friday, March 8th, 2019







Market Roundup

U.S. judge gives Trump ex-aide Manafort leniency: under 4 years in prison

Japan sees global growth risks persisting on trade war, China slowdown

'Pervasive uncertainty' pushes top central banks to patient stance

UK PM May to EU: Agree to backstop changes or risk disorderly Brexit

Amid rising trade tensions with U.S., India wants to extend Iran oil sanctions waiver – sources

U.S. muni bond funds post $797.5 mln in inflows-Lipper

Foreign CB US debt holdings +$23.638 bln to $3.465 tln Mar 6 week

Treasuries +$23.668 bln to $3.070 tln, agencies -288 mln to $323.007 bln

China Feb Trade Balance USD 4.12 bln, 26.38 bln f’cast, 39.16 bln

China Feb Exports YY, -20.7%, -4.8% f’cast, 9.1% prev

China Feb Imports YY, -5.2%, -1.4% f’cast, -1.5% prev

Japan Q4 GDP Rev QQ Annualised, 1.9%, 1.8% f’cast, 1.4% prev

Japan Q4 GDP Revised QQ, 0.5%, 0.4% f’cast, 0.3% prev

Japan Jan All Household Spending YY, 2.0%, -0.4% f’cast, 0.1% prev

Japan Jan Current Account NSA JPY, 600.4 bln, 179.3 bln f’cast, 452.8 bln



Economic Data Ahead

(0200 ET/0700 GMT) Germany Jan Industrial Orders MM, 0.5% f’cast, -1.6% prev

(0245 ET/0745 GMT) France Jan Industrial Output MM, 0.1% f’cast, 0.8% prev

(0245 ET/0745 GMT) France Jan Trade Balance, EUR, SA, -4.65 bln prev



Key Events Ahead

(0300 ET/0800 GMT) ECB policymaker Ewald Nowotny speaks at a conference in Prague

(0800 ET/1300 GMT) Deputy Governor of Irish Central Bank Donnery speaks in Dublin

(1130 ET/1630 GMT) ECB board member Yves Mersch speaks at a conference in Luxembourg



FX Beat

DXY: The dollar index eased after rising to fresh 2019 highs in the previous session as investors awaited the release of U.S. February payrolls data that could provide further clues on the strength of the U.S. labour market. The greenback against a basket of currencies traded 0.1 percent down at 97.49, having touched a high of 97.71 on Thursday, its highest since December. FxWirePro's Hourly Dollar Strength Index stood at 86.10 (Slightly Bullish) by 0400 GMT.

EUR/USD: The euro consolidated near a 21-month low after the European Central Bank cut its growth forecasts, delayed a possible interest rate increase until 2020 and offered banks a new round of cheap loans to help revive the euro zone economy. The European currency traded 0.05 percent up at 1.1195, having touched a low of 1.1176 the day before, its lowest since June 2017. FxWirePro's Hourly Euro Strength Index stood at -125.80 (Highly Bearish) by 0400 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, ahead of the U.S. building permits, housing starts, nonfarm payroll and unemployment data. Immediate resistance is located at 1.1234 (23.6% retracement of 1.1176 and 1.1496), a break above targets 1.1269 (38.2% retracement). On the downside, support is seen at 1.1150, a break below could drag it till 1.1110.

USD/JPY: The dollar slumped to a 1-week low after data showed China's February dollar-denominated exports fell steeper-than-expected 20.7 percent from a year earlier, far worse than investor expectations, while imports dropped 5.2 percent. The major was trading 0.3 percent down at 111.25, having hit a low of 111.22 earlier, its lowest since February 28. FxWirePro's Hourly Yen Strength Index stood at 161.74 (Highly Bullish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. building permits, housing starts, nonfarm payroll and unemployment data. Immediate resistance is located at 112.20, a break above targets 112.60 (Dec. 20 High). On the downside, support is seen at 110.93 (Dec. 21 Low), a break below could take it lower at 110.66 (Feb.28 Low).

GBP/USD: Sterling steadied after falling to near a 2-week low in the previous session on news that the Brexit negotiations had hit an impasse. Moreover, an amendment passed by Britain's House of Lords on Wednesday calling for the government to negotiate a customs union with the European Union further added to the uncertainty over PM May's Brexit plans. The major traded 0.1 percent up at 1.3090, having hit a low of 1.3068 on Thursday; it’s lowest since Feb.25. FxWirePro's Hourly Sterling Strength Index stood at 21.63 (Neutral) 0400 GMT. Investors’ attention will remain on UK consumer inflation expectations, and developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3162 (5-DMA), a break above could take it near 1.3254 (March 4 High). On the downside, support is seen at 1.3050 (Feb. 25 Low), a break below targets 1.3011 (Feb. 20 Low). Against the euro, the pound was trading 0.05 percent down at 85.56 pence, having hit a low of 86.45 on Tuesday, it’s lowest since Feb 26.

AUD/USD: The Australian dollar plunged to a fresh 2-month low, as fresh data showed Chinese exports and imports slumped in February. The major has lost about 0.9 percent so far this week, having slumped 0.7 percent and 0.1 percent in the previous two weeks. The Aussie trades 0.1 percent down at 0.7005, having hit a low of 0.7003 earlier; it’s lowest since Jan. 4. FxWirePro's Hourly Aussie Strength Index stood at -105.93 (Highly Bearish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7059 (5-DMA), a break above could take it near 0.7150 (Feb. 22 High).

NZD/USD: The New Zealand dollar rebounded from a 3-week low touched in the prior session, but was down 0.6 percent and on track for its third straight weekly loss. The Kiwi trades 0.1 percent up at 0.6761, having touched a low of 0.6744 the day before, its lowest level Feb. 13. FxWirePro's Hourly Kiwi Strength Index was at 14.79 (Neutral) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6792 (March 7 High), a break above could take it near 0.6853 (Feb. 22 High). On the downside, support is seen at 0.6719 (Feb. 12 Low), a break below could drag it below 0.6706 (Feb. 22 Low).



Equities Recap

Asian shares tumbled to a 2-week trough after unexpectedly weak export data from China heightened market fears about a global economic slowdown.

MSCI's broadest of Asia-Pacific shares outside Japan plunged 1.1 percent.

Tokyo's Nikkei declined 2.01 percent to 21,025.56 points, Australia's S&P/ASX 200 index slumped 0.9 percent to 6,203.80 points and South Korea's KOSPI eased 1.2 percent to 2,140.00 points.

Shanghai composite indexfell 3.3 percent to 3,002.60 points, while CSI300 index traded 3.1 percent down at 3,689.75 points.

Hong Kong’s Hang Seng traded 1.8 percent lower at 28,284.54 points. Taiwan shares shed 0.7 percent to 10,241.75 points.



Commodities Recap

Crude Oil prices declined amid growing investor concerns over the global economy, after the European Central Bank warned investors of continuous weakness in the euro zone economy. International benchmark Brent crude was trading 0.2 percent down at $65.83 per barrel by 0426 GMT, having hit a high of $66.97 on Thursday, its highest since March 1. U.S. West Texas Intermediate was trading 0.3 percent lower at $56.24 a barrel, after rising as high as $57.85 last week, its highest since the November 16.

Gold prices steadied as risk appetite faded after the European Central Bank cut its growth forecasts and launched an emergency round of policy stimulus. Spot gold was trading 0.2 percet up at $1,287.31 per ounce as of 0432 GMT, having touched a low of $1,280.57 on Thursday, its lowest since January 25. U.S. gold futures were also flat at $1,286 an ounce.








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#453

Post by B0N3 » Mon Mar 11, 2019 5:55 pm

Asia Roundup:
Antipodeans ease on rate cut speculation, dollar declines on soft U.S. non-farm payroll, Asian shares consolidate –
Monday, March 11th, 2019







Market Roundup

'Brexit in peril' as PM May faces heavy defeat

Brexit fallout on UK finance intensifies – think tank

EU Prepares To Demand Increase On Divorce Payment From UK For Brexit Delay – The Telegraph

Powell: Fed not in 'any hurry' to change rates amid global risks -tv

China says working with U.S. day and night to get trade deal

China's Feb producer inflation flat amid lacklustre demand, consumer inflation eases

China c.bank pledges more policy support as bank lending slides

In budget, Trump to ask Congress for $8.6 billion for border wall



Economic Data Ahead

(0200 ET/0700 GMT) Germany Jan Industrial Output MM, 0.5% f'cast, -0.4% prev

(0200 ET/0700 GMT) Germany Jan Trade Balance, EUR, SA, 19.4 bln prev



Key Events Ahead

N/A ECB board member Benoit Cœure participates in Eurogroup meeting in Brussels

N/A Euro zone finance ministers to meet in Brussels.

(0800 ET/1300 GMT) BoE's Monetary Policy Committee member Jonathan Haskel delivers a speech in London

(1800 ET/2300 GMT) Fed's Powell makes videotaped welcoming remarks at the National Community Reinvestment Coalition's Just Economy Conference in Washington



FX Beat

DXY: The dollar index declined after Federal Reserve Chairman Jerome Powell stated that the U.S. central bank will not rush to change the level of interest rates again as it scrutinizes the effects of slowing global economy on domestic conditions in the United States. The greenback against a basket of currencies traded 0.05 percent down at 97.35, having touched a high of 97.71 on Thursday, its highest since December. FxWirePro's Hourly Dollar Strength Index stood at -4.78 (Neutral) by 0400 GMT.

EUR/USD: The euro steadied, as investors scaled back expectations for a hike in euro zone interest rates to late-2020 from mid-2020. Markets now eye European Union finance ministers meeting due today, where they will discuss how to spend a euro zone budget they seek to create in the future, with focus on support for structural reforms and investment. The European currency traded 0.05 percent up at 1.1233, having touched a low of 1.1176 on Thursday, its lowest since June 2017. FxWirePro's Hourly Euro Strength Index stood at -31.24 (Neutral) by 0400 GMT. Investors’ attention will remain on German industrial production and trade balance, ahead of the U.S. retail sales and business inventories. Immediate resistance is located at 1.1269 (38.2% retracement of 1.1176 and 1.1496), a break above targets 1.1285 (50.0% retracement). On the downside, support is seen at 1.1200, a break below could drag it till 1.1176 (March 7 Low).

USD/JPY: The dollar slumped, extending losses in the fourth straight session after data released on Friday showed U.S. employment growth almost stalled in February, with the economy creating only 20,000 jobs, adding to signs of a sharp slowdown in economic activity in the first quarter. The major was trading 0.1 percent down at 111.08, having hit a low of 110.74 on Friday, its lowest since February 28. FxWirePro's Hourly Yen Strength Index stood at 66.52 (Bullish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. retail sales and business inventories. Immediate resistance is located at 111.49 (Feb. 28 High), a break above targets 112.13 (Mar. 5 High). On the downside, support is seen at 110.66 (Feb.28 Low), a break below could take it lower at 110.35 (Feb.27 Low).

GBP/USD: Sterling plunged to a near 4-week low, as the selling pressure intensified around the British pound after British foreign minister Jeremy Hunt said Brexit could be reversed if lawmakers reject the government's exit deal. The major traded 0.3 percent down at 1.2976, having hit a low of 1.2960; it’s lowest since Feb.19. FxWirePro's Hourly Sterling Strength Index stood at -91.07 (Slightly Bearish) 0400 GMT. Investors’ attention will remain on UK consumer inflation expectations, BoE Haskel's speech and developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3051 (21-DMA), a break above could take it near 1.3109 (Feb. 20 High). On the downside, support is seen at 1.2924 (Feb. 5 Low), a break below targets 1.2832 (Feb. 12 Low). Against the euro, the pound was trading 0.3 percent down at 86.55 pence, having hit a low of 86.62 earlier, it’s lowest since Feb 26.

AUD/USD: The Australian dollar eased as investors speculate interest rates will have to be cut in Australia amid sluggish economic growth, low inflation and a slowdown in its biggest export market, China. The Aussie trades 0.05 percent down at 0.7040, having hit a low of 0.7003 on Friday, it’s lowest since Jan. 4. FxWirePro's Hourly Aussie Strength Index stood at 81.60 (Slightly Bearish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7092 (Mar. 6 High), a break above could take it near 0.7150 (Feb. 22 High).

NZD/USD: The New Zealand dollar edged lower, as investors priced in the chance of RBNZ policy easing despite recent stronger-than-expected economic data. The Kiwi trades 0.05 percent down at 0.6800, having touched a low of 0.6744 on Thursday, its lowest level Feb. 13. FxWirePro's Hourly Kiwi Strength Index was at 41.59 (Neutral) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6853 (Feb. 22 High, a break above could take it near 0.6901 (Feb. 27 High). On the downside, support is seen at 0.6757 (Feb. 22 Low), a break below could drag it below 0.6706 (Feb. 22 Low).



Equities Recap

Asian shares consolidated, as U.S. employment data raised doubts about the strength of the global economy.

MSCI's broadest of Asia-Pacific shares outside Japan traded near 3-week lows.

Tokyo's Nikkei gained 0.4 percent to 21,100.79 points, Australia's S&P/ASX 200 index eased 0.4 percent to 6,180.20 points and South Korea's KOSPI rose 0.05 percent to 2,138.27 points.

Shanghai composite indexsurged 0.8 percent to 2,993.16 points, while CSI300 index traded 1.2 percent up at 3,720.20 points.

Hong Kong’s Hang Seng traded 0.5 percent higher at 28,379.99 points. Taiwan shares added 0.1 percent to 10,250.28 points.



Commodities Recap

Crude Oil prices rose, boosted by a report showing a decline U.S. drilling activity and on comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. International benchmark Brent crude was trading 0.6 percent up at $66.02 per barrel by 0428 GMT, having hit a low of $63.99 on Friday, its lowest since Feb. 14. U.S. West Texas Intermediate was trading 0.7 percent higher at $56.33 a barrel, after falling as low as $54.50 on Friday, its lowest since the February 15.

Gold prices eased, after rising about 1 percent in the previous session on mounting global growth concerns. Spot gold was trading 0.1 percent down at $1,297.23 per ounce by 0439 GMT, having touched a high of $1,300.63 on Friday, its highest since March 1. U.S. gold futures were also down 0.1 percent at $1,298.10 an ounce.








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#454

Post by B0N3 » Tue Mar 12, 2019 8:06 pm

Asia Roundup:
Aussie eases as business conditions deteriorate; greenback rebounds on upbeat retail sales, Asian shares rally as risk appetite improves – Tuesday, March 12th, 2019







Market Roundup

Last chance? Theresa May wins Brexit assurances from EU on eve of crucial vote

Doomed with Democrats, Trump's budget boosts Pentagon, targets safety net

'Absurd' to say Trump unreliable trade negotiator with China -White House

China's economy shows improving trend in Jan-Feb – stats bureau chief

Australia Jan Housing Finance,-2.6%, -2.0% f'cast, -6.1% prev

Australia Feb NAB Business Confidence, 2, 4 prev

Australia Feb NAB Business Conditions, 4, 7 prev



Economic Data Ahead

(0430 ET/0930 GMT) Great Britain Jan GDP Est 3M/3M, 0.2% f'cast, 0.2% prev

(0430 ET/0930 GMT) Great Britain Jan GDP Estimate MM, 0.2% f'cast, -0.4% prev

(0430 ET/0930 GMT) Great Britain Jan GDP Estimate YY, 1.2% f'cast, 1.0% prev

(0430 ET/0930 GMT) Great Britain Jan Industrial Output MM, 0.2% f'cast, -0.5% prev

(0430 ET/0930 GMT) Great Britain Jan Industrial Output YY, -1.3% f'cast, -0.9% prev

(0430 ET/0930 GMT) Great Britain Jan Manufacturing Output MM, 0.2% f'cast, -0.7% prev

(0430 ET/0930 GMT) Great Britain Jan Manufacturing Output YY, -1.9% f'cast, -2.1% prev

(0430 ET/0930 GMT) Great Britain Jan Goods Trade Balance GBP, -12.20 bln f'cast, -12.10 bln prev



Key Events Ahead

N/A ECB's Luis de Guindos participates in ECOFIN meeting in Brussels

N/A EU Economic and Financial Affairs Council meeting in Brussels

(0345 ET/0845 GMT) ECB's Andrea Enria participates in panel discussion in Basel

(0430 ET/0930 GMT) BoE publishes Record of the Financial Policy Committee meeting held on Feb. 26, 2019 in London

(0545 ET/1045 GMT) ECB board member Sabine Lautenschlager participates in panel discussion in Basel

(0745 ET/1245 GMT) Federal Reserve Governor Lael Brainard speaks in Washington



FX Beat

DXY: The dollar index surged as U.S. retail sales rose modestly in January after a December drop that was even larger than initially estimated. The greenback against a basket of currencies traded 0.2 percent up at 97.10, having touched a high of 97.71 on Thursday, its highest since December. FxWirePro's Hourly Dollar Strength Index stood at -20.90 (Neutral) by 0400 GMT.

EUR/USD: The euro rose, extending gains for the third straight session, after the chairman of euro zone finance ministers Mario Centeno said that a future eurozone budget should support structural reforms and investment in eurozone countries with grants and loans. The European currency traded 0.1 percent up at 1.1258, having touched a low of 1.1176 on Thursday, its lowest since June 2017. FxWirePro's Hourly Euro Strength Index stood at 14.44 (Neutral) by 0400 GMT. Investors’ attention will remain on ECB Lautenschlager speech, ahead of the U.S. consumer price index and Fed Brainard's speech. Immediate resistance is located at 1.1298 (50.0% retracement of 1.1176 and 1.1496), a break above targets 1.1371 (61.8% retracement). On the downside, support is seen at 1.1200, a break below could drag it till 1.1176 (March 7 Low).

USD/JPY: The dollar rose after data showed U.S. retail sales rose modestly in January, boosted by an increase in purchases of building materials and discretionary spending that eased some fears about an economic slowdown. The major was trading 0.2 percent down at 111.08, having hit a low of 110.74 on Friday, its lowest since February 28. FxWirePro's Hourly Yen Strength Index stood at -113.97 (Highly Bearish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. consumer price index and Fed Brainard's speech. Immediate resistance is located at 111.65 (Mar. 8 High), a break above targets 112.13 (Mar. 5 High). On the downside, support is seen at 110.66 (Feb.28 Low), a break below could take it lower at 110.35 (Feb.27 Low).

GBP/USD: Sterling rallied to a near 2-week peak after the European Commission agreed to amendments to the UK's Brexit deal. On Monday, senior minister David Lidington stated that Prime Minister Theresa May had clinched changes to her Brexit agreement in a bid to win support before it goes to a vote today. The major traded 0.4 percent up at 1.3205, having hit a low of 1.2960 on Monday; it’s lowest since Feb.19. FxWirePro's Hourly Sterling Strength Index stood at 72.07 (Bullish) 0400 GMT. Investors’ attention will remain on UK consumer inflation expectations, industrial and manufacturing production, trade balance, goods trade balance and UK parliamentary vote on Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3319 (Feb. 28 High), a break above could take it near 1.3350 (Feb. 27 High). On the downside, support is seen at 1.3068 (Mar. 7 Low), a break below targets 1.2989 (Mar. 11 Low). Against the euro, the pound was trading 0.4 percent up at 85.17 pence, having hit a high of 84.74 earlier, it’s highest since May 2017.

AUD/USD: The Australian dollar trimmed gains after data showed domestic business conditions eased 3 points to +4 in February, on falls in profitability and sales, while business confidence fell 2 points to +2. Investors now await RBNZ's deputy governor Guy Debelle speech on the economy and climate change later in the day. The Aussie trades 0.05 percent down at 0.7063, having hit a low of 0.7003 on Friday, it’s lowest since Jan. 4. FxWirePro's Hourly Aussie Strength Index stood at 48.39 (Neutral) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7092 (Mar. 6 High), a break above could take it near 0.7150 (Feb. 22 High).

NZD/USD: The New Zealand dollar rallied to a 1-1/2 week peak, as investor risk appetite improved. The Kiwi trades 0.2 percent up at 0.6841, having touched a high of 0.6846, its highest level Feb. 28. FxWirePro's Hourly Kiwi Strength Index was at 93.75 (Slightly Bullish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6853 (Feb. 22 High, a break above could take it near 0.6901 (Feb. 27 High). On the downside, support is seen at 0.6757 (Feb. 22 Low), a break below could drag it below 0.6706 (Feb. 22 Low)



Equities Recap

Asian shares advanced after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a separation agreement.

MSCI's broadest of Asia-Pacific shares outside Japan traded rallied 1.08 percent.

Tokyo's Nikkei gained 1.8 percent to 21,503.69 points, Australia's S&P/ASX 200 index eased 0.1 percent to 6,174.80 points and South Korea's KOSPI rose 0.9 percent to 2,157.73 points.

Shanghai composite indexsurged 0.3 percent to 3,036.51 points, while CSI300 index traded 0.05 percent up at 3,731.91 points.

Hong Kong’s Hang Seng traded 1.1 percent higher at 28,809.99 points. Taiwan shares added 0.9 percent to 10,343.33 points



Commodities Recap

Crude Oil prices surged, extending previous session gains, boosted by healthy demand and output cuts led by producer cartel OPEC. International benchmark Brent crude was trading 0.4 percent up at $66.82 per barrel by 0429 GMT, having hit a low of $63.99 on Friday, its lowest since Feb. 14. U.S. West Texas Intermediate was trading 0.6 percent higher at $57.06 a barrel, after falling as low as $54.50 on Friday, its lowest since the February 15.

Gold prices rose, reversing some of its previous session losses, amid slowing global economic growth and uncertainty about the outlook for trade negotiations between China and the United States. Spot gold was trading 0.2 percent up at $1,296.33 per ounce by 0440 GMT, having touched a high of $1,300.63 on Friday, its highest since March 1. U.S. gold futures were up 0.1 percent at $1,292.90 an ounce.








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#455

Post by B0N3 » Wed Mar 13, 2019 7:18 pm

Asia Roundup:
Aussie eases as consumer confidence deteriorates, greenback declines on soft U.S. inflation figures, Asian shares plunge -
Wednesday, March 13th, 2019







Market Roundup

Australia slowdown, housing crash hit consumer confidence in March -survey

Britain in Brexit chaos: parliament crushes May's EU deal again

Deal or no deal, U.S.-China trade talks may finish in weeks -Lighthizer

Japan Feb Corp Goods Price YY, 0.8%, 0.7% f'cast, 0.6% prev

Japan Jan Machinery Orders YY, -2.9%, -2.3% f'cast, 0.9% prev

Japan Jan Machinery Orders MM, -5.4%, -1.7% f'cast, -0.1% prev



Economic Data Ahead

(0600 ET/1000 GMT) EZ Jan Industrial Production YY, -2.1% f'cast, -4.2% prev

(0600 ET/1000 GMT) EZ Jan Industrial Production MM, 1.0% f'cast, -0.9% prev



Key Events Ahead

N/A British Finance Minister Philip Hammond delivers his spring statement

(0430 ET/0830 GMT) ECB's Yves Mersch chairs panel at FSI 20th anniversary conference in Basel, Switzerland

(0445 ET/0845 GMT) ECB supervisor Ignazio Angeloni speaks at an event in Rome

(1300 ET/1700 GMT) ECB's Benoit Coeure delivers a speech at Universita Bocconi in Milan



FX Beat

DXY: The dollar index edged lower as U.S. annual consumer price inflation slowed to its lowest since September 2016 at 1.5 percent. The greenback against a basket of currencies traded 0.05 percent down at 96.96, having touched a high of 97.71 on Thursday, its highest since December. FxWirePro's Hourly Dollar Strength Index stood at -56.08 (Bearish) by 0500 GMT.

EUR/USD: The euro declined, after rising to three straight sessions, after sources stated that European Central Bank policymakers want to reduce banks' reliance on central bank cash and will tailor a fresh loan facility to curb appetite. The European currency traded 0.05 percent down at 1.1283, having touched a high of 1.1304 on Tuesday, its highest since Mar. 7. FxWirePro's Hourly Euro Strength Index stood at 89.07 (Slightly Bullish) by 0500 GMT. Investors’ attention will remain on ECB Mersch's speech and industrial production, ahead of the U.S. producer price index, durable goods and construction spending. Immediate resistance is located at 1.1327 (61.8% retracement of 1.1176 and 1.1496), a break above targets 1.1367 (78.6% retracement). On the downside, support is seen at 1.1252 (5-DMA), a break below could drag it till 1.1176 (March 7 Low).

USD/JPY: The dollar eased against the Japanese yen after data released yesterday showed U.S. consumer prices rose at a slower-than-expected pace, dragging Treasury yields to two-month lows. The major was trading 0.05 percent down at 111.27, having hit a low of 110.74 on Friday, its lowest since February 28. FxWirePro's Hourly Yen Strength Index stood at -111.28 (Highly Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. producer price index, durable goods and construction spending. Immediate resistance is located at 111.65 (Mar. 8 High), a break above targets 112.13 (Mar. 5 High). On the downside, support is seen at 110.66 (Feb.28 Low), a break below could take it lower at 110.35 (Feb.27 Low).

GBP/USD: Sterling rose, reversing some of its previous session losses, as the parliament will vote later in the day on whether to leave the EU with no deal, and if that fails, a further vote on Thursday will decide whether to extend the Brexit deadline. On Tuesday, the British Parliament rejected Prime Minister Theresa May's deal to exit the European Union for a second time. The major traded 0.2 percent up at 1.3092, having hit a low of 1.2960 on Monday; it’s lowest since Feb.19. FxWirePro's Hourly Sterling Strength Index stood at -25.29 (Neutral) 0500 GMT. Immediate resistance is located at 1.3170 (Mar. 11 High), a break above could take it near 1.3254 (Mar. 4 High). On the downside, support is seen at 1.3026 (Feb. 21 Low), a break below targets 1.2989 (Mar. 11 Low). Against the euro, the pound was trading 0.1 percent down at 86.18 pence, having hit a high of 84.74 earlier, it’s highest since May 2017.

AUD/USD: The Australian dollar slumped after rising to a near 1-week peak in the prior session after a gauge of domestic consumer confidence slumped in March to its lowest level in over a year as disappointing economic news dented investor sentiment. The Aussie trades 0.3 percent down at 0.7059, having hit a low of 0.7003 on Friday, it’s lowest since Jan. 4. FxWirePro's Hourly Aussie Strength Index stood at -0.45 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7092 (Mar. 6 High), a break above could take it near 0.7150 (Feb. 22 High).



Equities Recap

Asian shares plunged, as risk-off sentiment gripped investors after British lawmakers voted against May's amended Brexit deal by 391 to 242.

MSCI's broadest of Asia-Pacific shares outside Japan traded dropped 0.4 percent.

Tokyo's Nikkei fell 1.02 percent to 21,283.19 points, Australia's S&P/ASX 200 index eased 0.2 percent to 6,161.20 points and South Korea's KOSPI tumbled 0.4 percent to 2,149.88 points.

Shanghai composite indexdeclined 0.6 percent to 3,042.24 points, while CSI300 index traded 0.4 percent down at 3,739.52 points.

Hong Kong’s Hang Seng traded 0.5 percent lower at 28,787.60 points. Taiwan shares added 0.3 percent to 10,373.32 points.



Commodities Recap

Crude Oil prices surged, lifted by ongoing supply cuts from producer cartel OPEC and U.S. sanctions against Iran and Venezuela. International benchmark Brent crude was trading 0.1 percent up at $66.86 per barrel by 0437 GMT, having hit a high of $67.38 on Tuesday, its highest since Feb. 25. U.S. West Texas Intermediate was trading 0.2 percent higher at $57.16 a barrel, after rising as high as $57.53 on Tuesday, its highest since the March 1.

Gold price rose to its highest level in nearly two weeks, buoyed by safe-haven demand from Brexit uncertainty and a fall in greenback following softer U.S. data. Spot gold was trading 0.3 percent up at $1,305.08 per ounce by 0453 GMT, having touched a high of $1,305.70, its highest since March 1. U.S. gold futures were up 0.4 percent at $1,303.80 an ounce.








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#456

Post by B0N3 » Thu Mar 14, 2019 7:34 pm

Asia Roundup:
Antipodeans ease on weaker-than-expected Chinese industrial output, greenback off lows on Trump's comments, Asian shares consolidate – Thursday, March 14th, 2019







Market Roundup

Brexit set for delay after May wounded by rejection of “no-deal”

Trump says he is in no rush to complete China trade deal

China's property investment growth hits 5-year high driven by smaller cities

China central bank: Will strengthen efforts to resolve 'grey rhino' risks in key areas

Japan may cut economic view as China slowdown hits growth – Nikkei

China Feb Industrial Output YY, 5.3%, 5.5% f'cast, 5.7% prev

China Feb Retail Sales YY, 8.2%, 8.1% f'cast, 8.2% prev

China Feb Urban investment (ytd) yy, 6.1%, 6.0% f'cast, 5.9% prev

Great Britain Feb RICS Housing Survey, -28, -24 f'cast, -22 prev



Economic Data Ahead

(0300 ET/0700 GMT) Germany Feb HICP Final YY, 1.7% f'cast, 1.7% prev

(0300 ET/0700 GMT) Germany Feb HICP Final MM, 0.5% f'cast, 0.5% prev

(0300 ET/0700 GMT) Germany Feb CPI Final YY, 1.6% f'cast, 1.6% prev

(0300 ET/0700 GMT) Germany Feb CPI Final MM, 0.5% f'cast, 0.5% prev

(0345 ET/0745 GMT) France Feb CPI (EU Norm) Final MM, 0.1% f'cast, 0.1% prev

(0345 ET/0745 GMT) France Feb CPI (EU Norm) Final YY, 1.5% f'cast, 1.5% prev



Key Events Ahead

(0400 ET/0800 GMT) ECB policymaker Ewald Nowotny speaks at a closed-door session in Vienna

(1200 ET/1600 GMT) Irish Central Bank Governor Philip Lane addresses students in Dublin

(1905 ET/2305 GMT) BOC senior deputy governor Carolyn Wilkins speaks in Vancouver



FX Beat

DXY: The dollar index rebounded from an over 1-week low touched in the prior session after U.S. President Donald Trump said he was not in a hurry to seal a trade pact with China and insisted that any deal include protection for intellectual property. The greenback against a basket of currencies traded 0.2 percent up at 96.66, having touched a low of 96.39 on Wednesday, its lowest since March 4. FxWirePro's Hourly Dollar Strength Index stood at -15.74 (Neutral) by 0500 GMT.

EUR/USD: The euro declined, after rising to an over 1-week peak in the previous session, as the greenback rebounded from recent lows. The European currency traded 0.05 percent down at 1.1321, having touched a high of 1.1338 on Wednesday, its highest since Mar. 5. FxWirePro's Hourly Euro Strength Index stood at 62.59 (Bullish) by 0500 GMT. Investors’ attention will remain on a series of economic data from the Eurozone economies, ahead of the U.S. unemployment benefit claims, export and import price index, and new home sales. Immediate resistance is located at 1.1367 (78.6% retracement of 1.1176 and 1.1496), a break above targets 1.1408 (March 1 High). On the downside, support is seen at 1.1297 (10-DMA), a break below could drag it till 1.1256 (5-DMA).

USD/JPY: The dollar surged to a near 1-week peak after data released yesterday showed new orders for U.S.-made capital goods rose by the most in six months in January and shipments increased. The major was trading 0.4 percent up at 111.57, having hit a high of 111.62 earlier, its highest since March 8. FxWirePro's Hourly Yen Strength Index stood at -15.74 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. unemployment benefit claims, export and import price index, and new home sales. Immediate resistance is located at 111.85 (Mar. 7 High), a break above targets 112.13 (Mar. 5 High). On the downside, support is seen at 110.66 (Feb.28 Low), a break below could take it lower at 110.35 (Feb.27 Low).

GBP/USD: Sterling plunged below the 1.3300 handle, as the parliament will vote later in the day on whether to extend the Brexit deadline. British lawmakers are widely expected to vote to delay Britain's departure from the EU, currently scheduled for March 29. On Wednesday, the pair rose to a 9-month peak as British lawmakers voted against a potentially disorderly no-deal departure from the European Union. The major traded 0.6 percent down at 1.3247, having hit a high of 1.3380 on Wednesday; it’s highest since June 14. FxWirePro's Hourly Sterling Strength Index stood at 54.59 (Bullish) 0500 GMT. Investors’ attention will remain on UK parliamentary vote on Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3380 (Mar. 13 High), a break above could take it near 1.3446 (June 14 High). On the downside, support is seen at 1.3166 (Mar. 4 Low), a break below targets 1.3097 (Mar. 5 Low). Against the euro, the pound was trading 0.6 percent down at 85.43 pence, having hit a high of 84.71 on Wednesday, it’s highest since May 2017.

AUD/USD: The Australian dollar plunged from a 10-day peak after data showed that growth in China's industrial output plunged to a 17-year low in the first two months of 2019, reinforcing worries over a slowing economy. The Aussie trades 0.5 percent down at 0.7061, having hit a high of 0.7097, it’s highest since Mar. 4. FxWirePro's Hourly Aussie Strength Index stood at -42.62 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7109 (Mar. 4 High), a break above could take it near 0.7150 (Feb. 22 High).

NZD/USD: The New Zealand dollar tumbled, extending previous session losses, as weaker than expected industrial production from China dominated over positive retail sales. The Kiwi trades 0.3 percent down at 0.6839, having touched a high of 0.6872 on Tuesday, its highest level Feb. 27. FxWirePro's Hourly Kiwi Strength Index was at -107.32 (Highly Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6876 (Feb. 21 High), a break above could take it near 0.6901 (Feb. 27 High). On the downside, support is seen at 0.6814 (Feb. 19 Low), a break below could drag it below 0.6757 (Feb. 22 Low).



Equities Recap

Asian shares consolidated within narrow ranges as investors reacted cautiously to mixed data from China.

MSCI's broadest of Asia-Pacific shares outside Japan was little changed.

Tokyo's Nikkei rose 0.1 percent to 21,308.27 points, Australia's S&P/ASX 200 index surged 0.3 percent to 6,179.60 points and South Korea's KOSPI rallied 0.3 percent to 2,154.47 points.

Shanghai composite indexdeclined 1.3 percent to 2,986.49 points, while CSI300 index traded 0.8 percent down at 3,693.40 points.

Hong Kong’s Hang Seng traded 0.1 percent lower at 28,785.77 points. Taiwan shares shed 0.2 percent to 10,348.65 points



Commodities Recap

Crude Oil price surged to hit their highest level this year, boosted by ongoing supply cuts led by OPEC and by U.S. sanctions against Venezuela and Iran. International benchmark Brent crude was trading 0.2 percent up at $67.80 per barrel by 0436 GMT, having hit a high of $67.82 earlier, its highest since Nov. 16. U.S. West Texas Intermediate was trading 0.2 percent higher at $58.40 a barrel, after rising as high as $58.43, its highest since the Nov. 13.

Gold price eased, hovering away from a 2-week high hit in the previous session as the U.S. dollar rebounded following the release of upbeat economic data. Spot gold was trading 0.5 percent down at $1,302.65 per ounce by 0450 GMT, having touched a high of $1,311.18 on Wednesday, its highest since March 1. U.S. gold futures were also down 0.1 percent at $1,308 an ounce.








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#457

Post by B0N3 » Fri Mar 15, 2019 7:37 pm

Asia Roundup:
Antipodeans gain on Premier Li's comments, greenback eases amid U.S.-China trade talks, investors eye EZ CPI –
Friday, March 15th, 2019







Market Roundup

China, U.S. make further substantive progress on trade talks – Xinhua

Trump-Xi summit will not happen in March – Mnuchin

China can use reserve requirements, interest rates to support economy- premier

China's home price growth slips to 10-month low, raises policy challenge

British lawmakers overwhelmingly back Brexit delay

Global gloom forces Japan c.bank to temper its outlook

N.Korea reconsiders nuclear talks, missile ban – reports

U.S. muni bond funds post $1.6 bln in inflows-Lipper

U.S. investment-grade corporate bond funds enjoy 7th week of inflows -Lipper

Foreign CB US debt holdings +$6.219 bln to $3.472 tln Mar 13 week

Treasuries +$5.445 bln to $3.076 tln, agencies +$533 mln to $324.252 bln



Economic Data Ahead

(0600 ET/1000 GMT) EZ Feb HICP Final MM, 0.3% f'cast, -1.0% prev

(0600 ET/1000 GMT) EZ Feb HICP Final YY, 1.5% f'cast, 1.5% prev

(0600 ET/1000 GMT) Italy Feb CPI(EU Norm) Final MM, -0.2% f'cast, -0.2% prev

(0600 ET/1000 GMT) Italy Feb CPI(EU Norm) Final YY, 1.2% f'cast, 1.2% prev

(0600 ET/1000 GMT) Italy Feb Consumer Prices Final MM, 0.2% f'cast, 0.2% prev

(0600 ET/1000 GMT) Italy Feb Consumer Prices Final YY, 1.1% f'cast, 1.1% prev

(0700 ET/1100 GMT) EZ Feb Reserve Assets Total, 728.40 bln prev



Key Events Ahead

(0455 ET/0855 GMT) Remarks by BoJ Governor Haruhiko Kuroda at the B20 Tokyo Summit

(0500 ET/0900 GMT) Finnish central bank chief Olli Rehn briefs the press on monetary policy and the global economy in Helsinki

(1140 ET/1540 GMT) Michael Held, BoE executive vice president, is a panelist at the Ethics by Design Conference 2019 in New York



FX Beat

DXY: The dollar index eased after U.S. Treasury Secretary Steven Mnuchin stated that a summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as more work was needed in U.S.-China negotiations. The greenback against a basket of currencies traded 0.1 percent down at 96.66, having touched a low of 96.39 on Wednesday, its lowest since March 4. FxWirePro's Hourly Dollar Strength Index stood at -55.18 (Bearish) by 0400 GMT.

EUR/USD: The euro gained, reversing some of its previous session losses, as the greenback eased after U.S. data on Thursday underscored growing pressure on the U.S. economy. The European currency traded 0.1 percent up at 1.1318, having touched a high of 1.1338 on Wednesday, its highest since Mar. 5. FxWirePro's Hourly Euro Strength Index stood at 7.40 (Neutral) by 0400 GMT. Investors’ attention will remain on a series of economic data from the Eurozone economies ad EZ consumer price index, ahead of the U.S. industrial production, capacity utilization, and Michigan consumer sentiment index. Immediate resistance is located at 1.1367 (78.6% retracement of 1.1176 and 1.1496), a break above targets 1.1408 (March 1 High). On the downside, support is seen at 1.1278 (5-DMA), a break below could drag it till 1.1243 (Mar. 12 Low).

USD/JPY: The dollar rose to a 1-week peak, as sentiment improved after UK lawmakers voted to delay a potentially disordered exit from the European Union. However, it trimmed gains on news that multiple people have been shot dead in shootings at two mosques in the New Zealand city of Christchurch. The major was trading flat at 111.71, having hit a high of 111.90, its highest since March 6. FxWirePro's Hourly Yen Strength Index stood at -70.00 (Bearish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. industrial production, capacity utilization, and Michigan consumer sentiment index. Immediate resistance is located at 112.13 (Mar. 5 High), a break above targets 112.60 (Dec. 20 High). On the downside, support is seen at 111.11 (Mar. 12 Low), a break below could take it lower at 110.66 (Feb.28 Low).

GBP/USD: Sterling consolidated within narrow ranges after the British parliament backed a government motion to seek a delay to the date for the departure from the European Union. British lawmakers approved the motion by 412 votes to 202 setting out the option to ask the EU for a short delay if parliament can agree on a Brexit deal by March 20 or a longer delay if no deal can be agreed in time. The major traded flat at 1.3240, having hit a high of 1.3380 on Wednesday; it’s highest since June 14. FxWirePro's Hourly Sterling Strength Index stood at 72.32 (Bullish) 0400 GMT. Investors’ will remain on the sidelines, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3380 (Mar. 13 High), a break above could take it near 1.3446 (June 14 High). On the downside, support is seen at 1.3166 (Mar. 4 Low), a break below targets 1.3097 (Mar. 5 Low). Against the euro, the pound was trading 0.1 percent down at 85.47 pence, having hit a high of 84.71 on Wednesday, it’s highest since May 2017.

AUD/USD: The Australian dollar rebounded after China's Premier Li Keqiang said that China can use reserve requirements and interest rates to support economic growth. The Aussie trades 0.3 percent up at 0.7084, having hit a high of 0.7097 on Thursday, it’s highest since Mar. 4. FxWirePro's Hourly Aussie Strength Index stood at -26.28 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7109 (Mar. 4 High), a break above could take it near 0.7150 (Feb. 22 High).

NZD/USD: The New Zealand dollar gained as the greenback eased on reports that a possible summit meeting the United States and China to seal a trade deal will be delayed. The Kiwi trades 0.4 percent up at 0.6847, having touched a high of 0.6872 on Tuesday, its highest level Feb. 27. FxWirePro's Hourly Kiwi Strength Index was at -130.47 (Highly Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6876 (Feb. 21 High), a break above could take it near 0.6901 (Feb. 27 High). On the downside, support is seen at 0.6808 (Mar. 14 Low), a break below could drag it below 0.6757 (Feb. 22 Low).



Equities Recap

Asian shares advanced as risk sentiment improved after UK lawmakers voted to delay a potentially chaotic exit from the European Union.

MSCI's broadest of Asia-Pacific shares outside Japan gained 0.5 percent.

Tokyo's Nikkei rose 0.8 percent to 21,450.85 points, Australia's S&P/ASX 200 index declined 0.1 percent to 6,175.20 points and South Korea's KOSPI rallied 0.9 percent to 2,175.20 points.

Shanghai composite indexsurged 0.9 percent to 3,020.75 points, while CSI300 index traded 1.3 percent up at 3,747.96 points.

Hong Kong’s Hang Seng traded 0.9 percent higher at 29,104.34 points. Taiwan shares added 0.9 percent to 10,439.24 points



Commodities Recap

Crude Oil prices rose, as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. International benchmark Brent crude was trading 0.1 percent up at $67.22 per barrel by 0438 GMT, having hit a high of $68.11 the day before, its highest since Nov. 16. U.S. West Texas Intermediate was trading 0.2 percent higher at $58.72 a barrel, after rising as high as $58.43 on Wednesday, its highest since the Nov. 13.

Gold prices steadied after falling below the key $1,300 level in the previous session, as risk appetite improved after British lawmakers voted to seek a delay to the country's exit from the European Union. Spot gold was 0.2 percent up at $1,297.93 per ounce by 0444 GMT, having touched a high of $1,311.18 on Wednesday, its highest since March 1. U.S. gold futures were flat at $1,295.20 an ounce.








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#458

Post by B0N3 » Tue Mar 19, 2019 9:42 pm

Europe Roundup:
Sterling steadies on upbeat employment data, euro rallies as German sentiment improve, European shares rally –
Tuesday, March 19th, 2019







Market Roundup

EUR/USD 0.11%, USD/JPY -0.17%, GBP/USD 0.12%, EUR/GBP -0.05%

DXY -0.12%, DAX 0.61%, FTSE 0.32%, Brent 0.58%, Gold 0.27%

Brexit in crisis as PM May plots a course around speaker's obstruction

Sterling stands tall after jobs data; Brexit delay eyed

Great Britain Feb Claimant Count Unemployment Change, 27.0k, 14.2k prev, 15.7k r'vsd

Great Britain Jan ILO Unemployment Rate, 3.9%, 4.0% f'cast, 4.0% prev

Great Britain Jan Employment Change, 222k, 120k f'cast, 167k prev

Great Britain Jan Average Wk Earnings 3M YY, 3.4%, 3.2% f'cast, 3.4% prev, 3.5% r'vsd

Great Britain Jan Average Earnings (Ex-Bonus), 3.4%, 3.4% f'cast, 3.4% prev

German economic advisors slash 2019 growth forecast to 0.8 pct

Germany Mar ZEW Economic Sentiment, -3.6, -11.0 f'cast, -13.4 prev

Germany Mar ZEW Current Conditions, 11.1, 11.7 f'cast, 15.0 prev

EZ Q4 Wages in Euro Zone, 2.4%, 2.3% f'cast, 2.3% prev

Japan bank executive says mergers won't fix woes brought by BOJ policy



Economic Data Ahead

(1000 ET/1400 GMT) The United States is likely to report that factory orders increased 0.3 percent in January, from a gain of 0.1 percent in the prior month.

(1630 ET/2030 GMT) API reports its weekly crude oil stock.



Key Events Ahead

N/A The Federal Open Market Committee begins its two-day meeting.

N/A Canada's Finance Minister Bill Morneau will unveil the country's final federal budget ahead of a federal election in October.



FX Beat

DXY: The dollar index plunged to a fresh 2-1/2 week trough amid concern over the U.S. economy and expectations that the Federal Reserve will prove accommodative at a meeting this week. The greenback against a basket of currencies traded 0.2 percent down at 96.32, having touched a low of 96.29, its lowest since March 1. FxWirePro's Hourly Dollar Strength Index stood at -137.61 (Highly Bearish) by 1100 GMT.

EUR/USD: The euro rallied after a survey by the ZEW research institute showed the sentiment among German investors improved by much more than expected in March. The European currency traded 0.2 percent up at 1.1354, having touched a high of 1.1359 on Monday, its highest since Mar. 4. FxWirePro's Hourly Euro Strength Index stood at 56.83 (Bullish) by 1100 GMT. Immediate resistance is located at 1.1367 (78.6% retracement of 1.1176 and 1.1496), a break above targets 1.1408 (March 1 High). On the downside, support is seen at 1.1294 (March 4 Low), a break below could drag it till 1.1243 (Mar. 12 Low).

USD/JPY: The dollar declined as investors remained cautious ahead of a U.S. Federal Reserve meeting, where it is expected to reinforce a dovish approach to any further rises in interest rates. The major was trading 0.2 percent down at 111.20, having hit a low of 111.15, its lowest since March 14. FxWirePro's Hourly Yen Strength Index stood at 43.05 (Neutral) by 1100 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. factory orders. Immediate resistance is located at 112.13 (Mar. 5 High), a break above targets 112.60 (Dec. 20 High). On the downside, support is seen at 111.00 (Mar. 13 Low), a break below could take it lower at 110.66 (Feb.28 Low).

GBP/USD: Sterling steadied after data showed British employers ramped up their hiring at the fastest pace in three years, with the number of people in work rising by 222,000. However, uncertainty on Brexit negotiations limited the upside in the British pound. The major traded 0.4 percent up at 1.3302, having hit a high of 1.3380 on Wednesday; it’s highest since June 14. FxWirePro's Hourly Sterling Strength Index stood at 59.03 (Bullish) 1100 GMT. Immediate resistance is located at 1.3319 (Feb. 28 High), a break above could take it near 1.3380 (Mar. 13 High). On the downside, support is seen at 1.3202 (Mar. 15 Low), a break below targets 1.3166 (Mar. 4 Low). Against the euro, the pound was trading 0.2 percent up at 85.36 pence, having hit a high of 84.71 on Wednesday, it’s highest since May 2017.

USD/CHF: The Swiss franc advanced to a 2-week peak as the greenback slumped ahead of a Federal Reserve meeting. The major trades 0.2 percent down at 0.9995, having touched a low of 0.9994; it’s lowest since March 5. FxWirePro's Hourly Swiss Franc Strength Index stood at 74.75 (Bullish) by 1100 GMT. On the higher side, near-term resistance is around 1.0037 (5-DMA) and any break above will take the pair to next level till 1.0124 (Mar. 7 High). The near-term support is around 0.9983 (February 25 Low), and any close below that level will drag it till 0.9962 (February 27 Low).



Equities Recap

European Shares declined, weighed down by weak results from the autos sector, while sterling slumped as the European Union saw no Brexit breakthrough before this weekend

The pan-European STOXX 600 index slumped 0.2 percent at 375.49 points, while the FTSEurofirst 300 index declined 0.1 percent to 1,475.78 points.

Britain's FTSE 100 trades 0.1 percent up at 7,191.82 points, while mid-cap FTSE 250 eased 0.1 to 19,418.78 points.

Germany's DAX fell 0.2 percent at 11,602.22 points; France's CAC 40 trades 0.1 percent lower at 5,291.33 points



Commodities Recap

Crude Oil prices steadied near 2019 highs, supported by supply cuts led by producer cartel OPEC and U.S. sanctions against oil producers Iran and Venezuela. International benchmark Brent crude was trading 0.8 percent up at $67.92 per barrel by 1028 GMT, having hit a high of $68.11 on Thursday, its highest since Nov. 16. U.S. West Texas Intermediate was trading 0.9 percent higher at $59.43 a barrel, after rising as high as $59.45, its highest since the Nov. 13.

Gold prices surged as the dollar languished near 2-1/2 week lows amid growing expectations the Fed would shift to a more accommodative policy stance. Spot gold gained 0.4 percent to $1,307.98 per ounce at 1047 GMT, having touched a high of $1,311.18 on Wednesday, its highest since March 1. U.S. gold futures rose about 0.2 percent to $1,304.60.








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#459

Post by B0N3 » Wed Mar 20, 2019 7:33 pm

Asia Roundup:
Aussie at 6-day low following RBA Michele Bullock's comments, greenback rebounds ahead of Fed policy meeting outcome, Asian shares off 6-month peaks - Wednesday, March 20th, 2019







Market Roundup

Top U.S. trade officials head to China next week for new trade talks

Some U.S. Officials Are Concerned That China Is Pushing Back Against American Demands In Trade Talks -Bloomberg

May's letter to EU on Brexit extension to be sent Wednesday -BBC

Canada offers stimulus budget, but may be too little to re-elect Trudeau government

Asian business sentiment lingers near 3-year low as trade war drags -Thomson Reuters/INSEAD

Japan factory mood hits weakest since 2016 as trade rifts bite-Reuters Tankan

BOJ policymakers disagree on next policy move as risks mount

Australia's falling home prices not yet a threat to banks-RBA

New Zealand Q4 Current Account- Annual, -10.974 bln, -11.300 bln f'cast, -10.539 bln prev



Economic Data Ahead

(0300 ET/0700 GMT) Feb Germany Producer Prices MM, 0.2% f'cast, 0.4% prev

(0300 ET/0700 GMT) Feb Germany Producer Prices YY, 2.9% f'cast, 2.6% prev

(0530 ET/0930 GMT) Feb Great Britain Core CPI YY, 1.9% f'cast, 1.9% prev

(0530 ET/0930 GMT) Feb Great Britain CPI YY, 1.8% f'cast, 1.8% prev

(0530 ET/0930 GMT) Feb Great Britain RPI YY, 2.5% f'cast, 2.5% prev

(0530 ET/0930 GMT) Feb Great Britain PPI Input Prices YY NSA, 4.3% f'cast, 2.9% prev

(0530 ET/0930 GMT) Feb Great Britain PPI Output Prices YY NSA, 2.2% f'cast, 2.1% prev

(0530 ET/0930 GMT) Feb Great Britain PPI Core Output YY NSA, 2.3% f'cast, 2.4% prev

(0700 ET/1100 GMT) Mar Great Britain CBI Trends – Orders, 2 f'cast, 6 prev



Key Events Ahead

N/A OMFIF-World Trade Organization seminar in London

(0730 ET/1130 GMT) German Finance Minister Olaf Scholz holds a news conference to present the 2019 budget and budget plans for the coming years in Berlin

(1400 ET/1800 GMT) U.S. Federal Reserve's FOMC announces its decision on interest rates followed by statement in Washington

(1430 ET/1830 GMT) U.S. Federal Reserve chairperson holds a news conference in Washington



FX Beat

DXY: The dollar index rebounded from a near 3-week low record in the prior session, as investors awaited Fed policy decision, which is expected to shed more light on its interest rate plans for the rest of the year. The greenback against a basket of currencies traded 0.05 percent up at 96.46, having touched a low of 96.29 on Tuesday, its lowest since March 1. FxWirePro's Hourly Dollar Strength Index stood at 30.54 (Neutral) by 0500 GMT.

EUR/USD: The euro declined, halting a 3-day winning streak, as the greenback rebounded after data showed factory goods orders edged up 0.1 percent in January. The European currency traded 0.05 percent down at 1.1346, having touched a high of 1.1361 on Tuesday, its highest since Mar. 4. FxWirePro's Hourly Euro Strength Index stood at 75.64 (Slightly Bullish) by 0500 GMT. Investors’ attention will remain on German producer price index and ECB non-monetary policy meeting, ahead of the Fed policy meeting. Immediate resistance is located at 1.1367 (78.6% retracement of 1.1176 and 1.1496), a break above targets 1.1408 (March 1 High). On the downside, support is seen at 1.1294 (March 4 Low), a break below could drag it till 1.1243 (Mar. 12 Low).

USD/JPY: The dollar surged to a 5-day peak, as investors focus on the Fed to see whether the central bank will affirm its commitment to patient monetary policy and for clues about the likely path of U.S. borrowing costs. The major was trading 0.2 percent up at 111.56, having hit a low of 111.15 on Tuesday, its lowest since March 14. FxWirePro's Hourly Yen Strength Index stood at 30.54 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the Fed policy meeting. Immediate resistance is located at 112.13 (Mar. 5 High), a break above targets 112.60 (Dec. 20 High). On the downside, support is seen at 111.00 (Mar. 13 Low), a break below could take it lower at 110.66 (Feb.28 Low).

GBP/USD: Sterling declined, reversing most of its previous session gains, on concerns that British Prime Minister Theresa May's request for postponing Brexit was facing obstacles with the European Union. The major traded 0.1 percent down at 1.3256, having hit a high of 1.3380 on Wednesday; it’s highest since June 14. FxWirePro's Hourly Sterling Strength Index stood at -35.62 (Neutral) 0500 GMT. Investors’ will remain on UK retail sales, producer price index and consumer price index, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3319 (Feb. 28 High), a break above could take it near 1.3380 (Mar. 13 High). On the downside, support is seen at 1.3202 (Mar. 15 Low), a break below targets 1.3166 (Mar. 4 Low). Against the euro, the pound was trading 0.1 percent down at 85.60 pence, having hit a high of 84.71 last week, it’s highest since May 2017.

AUD/USD: The Australian dollar plunged to a 6-day low, after Reserve Bank of Australia Assistant Governor Michele Bullock said there were risks to builders from a glut of new apartments and cautioned banks not to go too far in curbing the supply of credit to the economy. The Aussie trades 0.2 percent down at 0.7077, having hit a high of 0.7119 on Monday, it’s highest since Mar. 1. FxWirePro's Hourly Aussie Strength Index stood at -68.55 (Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7041 (Mar. 14 Low), a break below targets 0.6993 (Jan.4 Low). On the upside, resistance is located at 0.7119 (Feb. 18 High), a break above could take it near 0.7182 (Feb. 20 High).

NZD/USD: The New Zealand dollar eased after rising for 3-straight sessions, amid speculation interest rates in NZ would have to be cut in coming months. The Kiwi trades 0.3 percent down at 0.6835, having touched a high of 0.6874 on Monday, its highest level Feb. 27. FxWirePro's Hourly Kiwi Strength Index was at 34.71 (Neutral) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6876 (Feb. 21 High), a break above could take it near 0.6901 (Feb. 27 High). On the downside, support is seen at 0.6808 (Mar. 14 Low), a break below could drag it below 0.6757 (Feb. 22 Low).



Equities Recap

Asian shares declined from 6-month highs as investors took profits ahead of a policy decision by the U.S. Federal Reserve.

MSCI's broadest of Asia-Pacific shares outside Japan eased 0.4 percent.

Tokyo's Nikkei rose 0.2 percent to 21,608.92 points, Australia's S&P/ASX 200 index declined 0.3 percent to 6,165.30 points and South Korea's KOSPI tumbled 0.05 percent to 2,177.02 points.

Shanghai composite index eased 0.1 percent to 3,087.05 points, while CSI300 index traded 0.05 percent down at 3,832.83 points.

Hong Kong’s Hang Seng traded 0.2 percent lower at 29,401.02 points. Taiwan shares added 0.4 percent to 10,551.56 points



Commodities Recap

Crude Oil prices declined, retreating from a 4-month high as economic growth concerns dampened the outlook for fuel consumption. However, supply cuts led by producer cartel OPEC and U.S. sanctions against Iran and Venezuela limited downside. International benchmark Brent crude was trading 0.2 percent down at $67.54 per barrel by 0430 GMT, having hit a high of $68.18 on Tuesday, its highest since Nov. 16. U.S. West Texas Intermediate was trading 0.1 percent higher at $59.12 a barrel, after rising as high as $59.55 on Tuesday, its highest since the Nov. 13.

Gold prices eased, halting a 3-day winning streak, as the dollar firmed, while investors awaited the results of the U.S. Federal Reserve's policy meeting later in the day. Spot gold was 0.1 percent down at $1,304.74 per ounce at 0435 GMT, having touched a high of $1,310.83 on Tuesday, its highest since March 13. U.S. gold futures also dipped about 0.2 percent to $1,304.50 an ounce.








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#460

Post by B0N3 » Thu Mar 21, 2019 7:20 pm

Asia Roundup:
Kiwi rallies as NZ economic growth accelerates, greenback consolidates near 6-1/2 week low as Fed sees no rate hikes in 2019, investors eye BoE policy meeting - Thursday, March 21st, 2019







Market Roundup

Fed sees no rate hikes in 2019, sets end to asset runoff

EU readies short Brexit delay – if May wins parliament over

May urges parliament to back her on Brexit, tells Britons “I'm on your side”

Trump says tariffs on Chinese goods may stay for 'substantial period'

Australia Feb Employment, 4.6k, 14.0k f'cast, 39.1k prev

Australia Feb Unemployment Rate, 4.9%, 5.0% f'cast, 5.0% prev

New Zealand Q4 GDP Prod Based YY, SA, 2.3%, 2.5% f'cast, 2.6% prev

New Zealand Q4 GDP Exp Based QQ, SA, 0.5%, 0.6% f'cast, 0.5% prev




Economic Data Ahead

(0530 ET/0930 GMT) Great Britain Feb Retail Sales MM, -0.4% f'cast, 1.0% prev

(0530 ET/0930 GMT) Great Britain Feb Retail Sales YY, 3.3 % f'cast, 4.2% prev

(0800 ET/1200 GMT) Great Britain Mar BOE Bank Rate,0.75% f'cast, 0.75% prev

(0800 ET/1200 GMT) Great Britain Mar BOE QE Gilts, 435 bln f'cast, 435 bln prev

(0800 ET/1200 GMT) Great Britain Mar BOE QE Corp, 10 bln f'cast, 10 bln prev




Key Events Ahead

N/A General Council meeting of the ECB in Frankfurt

(0400 ET/0800 GMT) ECB supervisor Andrea Enria presents the ECB Annual Report on supervisory activities 2018 in Brussels

(0800 ET/1200 GMT) BoE announces rate decision in London




FX Beat

DXY: The dollar index consolidated near a 6-1/2 week trough after Fed policymakers said the central bank's benchmark overnight interest rate was likely to remain at the current level of between 2.25 percent and 2.50 percent at least through this year. The greenback against a basket of currencies traded flat at 95.94, having touched a low of 95.74 on Wednesday, its lowest since Feb 4. FxWirePro's Hourly Dollar Strength Index stood at -65.38 (Bearish) by 0500 GMT.

EUR/USD: The euro rallied towards a 1-1/2 month peak recorded in the previous session, as the greenback declined after the U.S. Federal Reserve took a more accommodative stance at its policy meeting. The European currency traded 0.1 percent up at 1.1420, having touched a high of 1.1448 on Wednesday, its highest since Feb. 4. FxWirePro's Hourly Euro Strength Index stood at 21.02 (Neutral) by 0500 GMT. Investors’ attention will remain on ECB economic bulletin, ahead of the U.S. unemployment benefit claims. Immediate resistance is located at 1.1460, a break above targets 1.1408 (Feb 4 High). On the downside, support is seen at 1.1370 (Jan. 17 Low), a break below could drag it till 1.1336 (Jan. 22 Low).

USD/JPY: The dollar plunged to a 3-week low after the U.S. Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown. The major was trading 0.1 percent down at 110.54, having hit a low of 110.40 earlier, its lowest since Feb. 27. FxWirePro's Hourly Yen Strength Index stood at 29.68 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims. Immediate resistance is located at 110.95 (Feb. 20 High), a break above targets 111.23 (Feb. 25 High). On the downside, support is seen at 110.25 (Feb. 15 Low), a break below could take it lower at 109.63 (Dec. 31 Low).

GBP/USD: Sterling rebounded from a 1-week low after British Prime Minister Theresa May asked the European Union to delay Brexit until June 30. The major traded 0.2 percent up at 1.3214, having hit a low of 1.3146 on Wednesday; it’s lowest since Mar. 13. FxWirePro's Hourly Sterling Strength Index stood at -99.30 (Slightly Bearish) 0500 GMT. Investors’ will remain on UK retail sales, public sector net borrowing and Bank of England policy decision, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3254 (Mar. 4 High), a break above could take it near 1.3288 (Mar. 12 High). On the downside, support is seen at 1.3146 (Mar. 20 Low), a break below targets 1.3097 (Mar. 5 Low). Against the euro, the pound was trading 0.05 percent up at 86.44 pence, having hit a low of 86.66 on Wednesday, it’s lowest since March 11.

AUD/USD: The Australian dollar advanced to a 3-week peak on data that showed domestic unemployment rate fell to a near 8-year low in February, triggering expectations the country's central bank won't cut interest rates any time soon. The Aussie trades 0.4 percent up at 0.7144, having hit a high of 0.7168, it’s highest since Feb. 27. FxWirePro's Hourly Aussie Strength Index stood at -15.13 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7090 (Feb. 28 Low), a break below targets 0.7041 (Mar. 14 Low). On the upside, resistance is located at 0.7182 (Feb. 20 High), a break above could take it near 0.7198 (Feb. 27 High).

NZD/USD: The New Zealand dollar climbed to a 7-week high after data showed NZ economic growth picked up to 0.6 percent in the December quarter, boosted by strength in household consumption, construction and business investment. The Kiwi trades 0.5 percent up at 0.6917, having touched a high of 0.6938, its highest level Feb. 1. FxWirePro's Hourly Kiwi Strength Index was at 103.33 (Highly Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6944 (Dec. 5 High), a break above could take it near 0.6969 (Dec. 4 High). On the downside, support is seen at 0.6808 (Mar. 14 Low), a break below could drag it below 0.6757 (Feb. 22 Low).




Equities Recap

Asian shares rallied after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, however, concerns over slowing global growth limited upside.

MSCI's broadest of Asia-Pacific shares outside Japan eased 0.4 percent.

Shanghai composite index rose 0.8 percent to 3,115.48 points, while CSI300 index traded 0.4 percent up at 3,850.70 points.

Hong Kong’s Hang Seng traded 0.2 percent lower at 29,255.14 points. Taiwan shares added 0.5 percent to 10,609.44 points.




Commodities Recap

Crude Oil prices rallied to an over 4-month peak, boosted by supply cuts led by producer cartel OPEC and U.S. sanctions against Iran and Venezuela. However, fears of slowing global economy capped further gains. International benchmark Brent crude was trading 0.6 percent up at $68.59 per barrel by 0447 GMT, having hit a high of $68.61 earlier, its highest since Nov. 13. U.S. West Texas Intermediate was trading 0.4 percent higher at $60.22 a barrel, after rising as high as $60.24, its highest since the Nov. 12.

Gold prices rose to a 3-week peak after the U.S. Federal Reserve ruled out a possibility of an interest rate hike this year. Spot gold gained 0.5 percent at $1,318.75 per ounce by 0500 GMT, having touched a high of $1,318.93, its highest since Feb 28. U.S. gold futures rose 1.1 percent to $1,316.10 an ounce.








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