FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

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Re: FirewoodFX - Market News

#401

Post by B0N3 » Mon Dec 17, 2018 5:48 pm

Asia Roundup:
Antipodeans steady near recent lows, greenback firms at 19-month peak amid mounting risks to global growth, Asian shares nudge lower –
Monday, December 17th, 2018







Market Roundup

New Brexit vote would 'break faith' with British, says May

UK consumer spending falls by most since July in run-up to Brexit – Visa data

Asking prices for UK homes show biggest 2-month fall in 6 years-Rightmove

China cenbank says to guide credit, social financing growth as economic challenges rise

China's Nov home price growth slows as smaller cities cool

Japan Inc's inflation expectations nudge higher before BOJ meeting

Embattled Australian govt forecasts budget “war chest” ahead of tough 2019 election

Canada says China has granted consular access to second detainee

'Positive surprise': Investors soothed by Mexico budget

Italy coalition in agreement on budget figures

French PM predicts budget deficit at 3.2 pct of GDP in 2019-Les Echos



Economic Data Ahead

(0400 ET/0900 GMT) EZ Nov HICP Final Y/Y, 2.0% f'cast, 2.0% prev

(0400 ET/0900 GMT) EZ Nov HICP-X F,E,A&T Final Y/Y, 1.0% f'cast, 1.0% prev

(0400 ET/0900 GMT) Italy Oct Trade Balance EU, 1.183B prev



Key Events Ahead

(0400 ET/0900 GMT) French Central Bank Deputy Governor Sylvie Goulard speaks about a regular report on risks to the French financial system in Paris.



FX Beat

DXY: The dollar index held firm near a 19-month peak, as the Federal Reserve is expected to raise interest rates by 25bp this week, but it may also remove guidance and slightly reduce the near-term dots. The greenback against a basket of currencies trades flat at 97.42, having touched a high of 97.71 on Friday, its highest since June 2017. FxWirePro's Hourly Dollar Strength Index stood at 132.66 (Highly Bullish) by 0500 GMT.

EUR/USD: The euro steadied after falling to an over 2-week low in the previous session on weaker-than-expected data out of France and Germany, indicating that economic activity in Europe remains weak. The European currency traded flat at 1.1370, having touched a low of 1.1270 on Friday, its lowest since Nov. 28. FxWirePro's Hourly Euro Strength Index stood at -37.12 (Neutral) by 0500 GMT. Investors’ attention will remain on the Eurozone trade balance and consumer price index, ahead of the U.S. housing market index and New York empire state manufacturing. Immediate resistance is located at 1.1361 (December 5 High), a break above targets 1.1401 (November 29 High). On the downside, support is seen at 1.1267 (November 28 Low), a break below could drag it till 1.1215 (November 12 Low).

USD/JPY: The dollar edged higher as the Federal Reserve is set to raise interest rates by 25 basis points at its two-day meeting that opens Tuesday. However, investors expect the Fed to lower its projections for future interest rate hikes given increasing headwinds to the economy. The major was trading 0.1 percent up at 113.51, having hit a high of 113.70 on Thursday, its highest since December 3. FxWirePro's Hourly Yen Strength Index stood at 31.36 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. housing market index and New York empire state manufacturing. Immediate resistance is located at 113.72 (November 30 High), a break above targets 114.03 (November 28 High). On the downside, support is seen at 113.18 (November 29 Low), a break below could take it lower 112.66 (October 23 Low).

GBP/USD: Sterling consolidated below the 1.2600 handle, as investors remained on the sidelined after British Trade Minister Liam Fox on Sunday stated that talks with the European Union to secure assurances for parliament on Prime Minister Theresa May's Brexit deal will take time. The major traded flat at 1.2582, having hit a low of 1.2476 on Wednesday; it’s lowest since mid-April 2017. FxWirePro's Hourly Sterling Strength Index stood at 37.53 (Neutral) 0500 GMT. Investors’ attention will remain on the U.S. fundamental drivers, amid a lack of economic data from the UK docket. Immediate resistance is located at 1.2670 (Dec. 13 High), a break above could take it near 1.2754. On the downside, support is seen at 1.2560, a break below targets 1.2515. Against the euro, the pound was trading 0.1 percent down at 89.86 pence, having hit a low of 90.87 last week, it’s lowest since August 29.

AUD/USD: The Australian dollar treaded water near a 1-1/2 month low amid increasing worries about slowing growth in China and globally. Investors now await the Reserve Bank of Australia's (RBA) Meeting Minutes for further clues on the country's monetary policy. The Aussie trades 0.05 percent down at 0.7171, having hit a low of 0.7151 on Friday; it’s lowest since November 1. FxWirePro's Hourly Aussie Strength Index stood at -146.89 (Highly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7141(September 17 Low), a break below targets 0.7100. On the upside, resistance is located at 0.7212 (November 1 High), a break above could take it near 0.7268 (November 22 High).

NZD/USD: The New Zealand dollar held firm near a 3-week low, amid fears of a global economic slowdown, while the market focused on the likely trajectory of U.S. monetary policy. The Kiwi trades 0.1 percent up at 0.6797, having touched a low of 0.6777 on Friday, its lowest level Nov 27. FxWirePro's Hourly Kiwi Strength Index was at -115.51 (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 0.6834 (November 22 High), a break above could take it near 0.6883 (November 16 High). On the downside, support is seen at 0.6753 (November 27 Low)., a break below could drag it below 0.6727 (November 9 Low).



Equities Recap

Asian shares declined as soft economic data from China and Europe reflected a worsening global economic outlook and reinforced concerns over the broadening impact of the international trade dispute.

MSCI's broadest of Asia-Pacific shares outside Japan tumbled 0.1 percent.

Tokyo's Nikkei rose 0.6 percent to 21,506.88 points, Australia's S&P/ASX 200 index gained 1.0 percent to 5,658.30 points and South Korea's KOSPI surged 0.1 percent to 2,071.71 points.

Shanghai composite index fell 0.2 percent to 2,589.25 points, while CSI300 index traded 0.5 percent down at 3,151.62 points.

Hong Kong’s Hang Seng traded 0.05 percent lower at 26,091.66 points. Taiwan shares shed 0.1 percent to 9,787.53 points.



Commodities Recap

Crude Oil prices edged up, after U.S. drilling activity declined to its lowest level in about two months, however, concerns over demand in the wake of weaker growth in major economies limited gains. International benchmark Brent crude was trading 0.2 percent up at $60.37 per barrel by 0439 GMT, having hit a high of $63.67 on Dec. 7, its highest since November 22. U.S. West Texas Intermediate was trading 0.4 percent up at $51.36 a barrel, after rising as high as $54.20 on Dec. 7, its highest since the December 5.

Gold declined as the greenback surged ahead of a U.S. Federal Reserve meeting this week. Spot gold eased 0.1 percent to $1,237.13 per ounce by 0503 GMT, having touched a low of $1,232.82 on Friday, its lowest level since Dec. 4. U.S. gold futures were down 0.1 percent at $1,239.3 per ounce.









DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

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#402

Post by B0N3 » Tue Dec 18, 2018 7:10 pm

Asia Roundup:
Kiwi gains amid business growth optimism, dollar eases as markets turn cautious ahead of Fed's forward guidance, investors eye German IFO survey – Tuesday, December 18th, 2018







Market Roundup

Facing opposition, UK's May will bring Brexit deal back to parliament

UK economy set for slowest growth since 2009 as Brexit nears-BCC

China's Xi calls for reform implementation, offers no new measures

Japan cuts GDP, CPI forecasts on disasters and trade war

Ex-BOJ dep gov blames Japan's low inflation on rising labour productivity

'Do more with less:' Mexico president defends budget cuts

Australia's central bank sees risks from high debt as house prices fall

Pace of Canada rate hikes could be interrupted -central bank chief

China, Japan pare U.S. Treasury holdings in October -data



Economic Data Ahead

(0500 ET/0900 GMT) Germany Dec Ifo Business Climate New, 101.8 f'cast, 102.0 prev

(0500 ET/0900 GMT) Germany Dec Ifo Curr Conditions New, 104.9 f'cast, 105.4 prev



Key Events Ahead

N/A U.S. Federal Reserve's Federal Open Market Committee starts its two-day meeting on interest rates in Washington D.C.

(0315 ET/0815 GMT) ECB's Luis de Guindos participates in a panel discussion at an event organised by the Spanish Ministry of Economy in Madrid, Spain

(0400 ET/0900 GMT) Bank of Finland Governor, ECB council member Olli Rehn will speak at a news conference as the BoF updates its forecasts for the Finnish economy in Helsinki

(0700 ET/1200 GMT) ECB Governing Council Member Jozef Makuch holds news conference in Bratislava.



FX Beat

DXY: The dollar index edged down amid speculation that President Donald Trump could force a partial shutdown of the U.S. government on Friday if Congress does not approve funding for his proposed U.S.-Mexico border wall. The greenback against a basket of currencies trades 0.05 percent down at 97.10, having touched a high of 97.71 on Friday, its highest since June 2017. FxWirePro's Hourly Dollar Strength Index stood at -12.77 (Neutral) by 0500 GMT.

EUR/USD: The euro eased after rebounding from recent lows in the previous session as the European Commission is still talking with the Italian government over the country's budget for next year. The European currency traded flat at 1.1343, having touched a low of 1.1270 on Friday, its lowest since Nov. 28. FxWirePro's Hourly Euro Strength Index stood at -62.04 (Bearish) by 0500 GMT. Investors’ attention will remain on German IFO business climate, expectations, and current assessment surveys, ahead of the U.S. building permits and housing starts. Immediate resistance is located at 1.1379 (December 3 High), a break above targets 1.1401 (November 29 High). On the downside, support is seen at 1.1267 (November 28 Low), a break below could drag it till 1.1215 (November 12 Low).

USD/JPY: The dollar slumped to a 1-week trough as investors cautiously awaited a crucial Federal Reserve meeting amid speculation it will soon pause its monetary tightening cycle in the face of rising risks to global growth. The major was trading 0.2 percent down at 112.56, having hit a high of 113.70 on Thursday, its highest since December 3. FxWirePro's Hourly Yen Strength Index stood at 113.38 (Highly Bullish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. building permits and housing starts. Immediate resistance is located at 113.01 (November 23 High), a break above targets 113.72 (November 30 High. On the downside, support is seen at 112.66 (October 23 Low), a break below could take it lower 112.24 (December 10 Low).

GBP/USD: Sterling consolidated within narrow ranges, as British Prime Minister Theresa May rescheduled a delayed vote in parliament on her Brexit plan for mid-January. The major traded flat at 1.2619, having hit a low of 1.2476 on Wednesday; it’s lowest since mid-April 2017. FxWirePro's Hourly Sterling Strength Index stood at -9.33 (Neutral) 0500 GMT. Investors’ attention will remain on the U.S. fundamental drivers, amid a lack of economic data from the UK docket. Immediate resistance is located at 1.2670 (Dec. 13 High), a break above could take it near 1.2754. On the downside, support is seen at 1.2560, a break below targets 1.2515. Against the euro, the pound was trading 0.05 percent up at 89.87 pence, having hit a low of 90.87 last week, it’s lowest since August 29.

AUD/USD: The Australian dollar gained, as the greenback eased amid speculation the Federal Reserve at its policy meeting on Wednesday will signal that further hikes in rates will be conditional on the economic outlook. The Aussie trades 0.2 percent up at 0.7191, having hit a low of 0.7151 on Friday; it’s lowest since November 1. FxWirePro's Hourly Aussie Strength Index stood at -180.63 (Slightly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7141 (September 17 Low), a break below targets 0.7100. On the upside, resistance is located at 0.7212 (November 1 High), a break above could take it near 0.7268 (November 22 High).

NZD/USD: The New Zealand dollar surged after an ANZ bank survey showed that the country's businesses were much less pessimistic in December than in the previous month, with more firms expecting an improved outlook for growth. The Kiwi trades 0.7 percent up at 0.6851, having touched a low of 0.6777 on Friday, its lowest level Nov 27. FxWirePro's Hourly Kiwi Strength Index was at 124.03 (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 0.6883 (November 16 High), a break above could take it near 0.6928 (December 5High). On the downside, support is seen at 0.6753 (November 27 Low)., a break below could drag it below 0.6727 (November 9 Low).



Equities Recap

Asian shares plunged as heightened concerns about a slowing global economy sent investors seeking safety in safe-haven assets.

MSCI's broadest of Asia-Pacific shares outside Japan tumbled 0.3 percent.

Tokyo's Nikkei declined 1.7 percent to 21,134.02 points, Australia's S&P/ASX 200 index eased 1.2 percent to 5,589.50 points and South Korea's KOSPI plunged 0.6 percent to 2,058.79 points.

Shanghai composite index fell 0.9 percent to 2,572.25 points, while CSI300 index traded 1.1 percent down at 3,125.62 points.

Hong Kong’s Hang Seng traded 1.3 percent lower at 25,754.74 points. Taiwan shares shed 0.7 percent to 9,718.82 points.



Commodities Recap

Crude Oil prices consolidated near a 2-week low, as reports of rising inventory and forecasts of record shale output in the United States triggered worries about oversupply. International benchmark Brent crude was trading 0.2 percent up at $58.81 per barrel by 0434 GMT, having hit a low of $58.65 on Monday, its lowest since December 6. U.S. West Texas Intermediate was trading 0.1 percent up at $49.19 a barrel, after falling as low as $49.05 on Monday, its lowest since early October 2017.

Gold prices surged as the greenback slipped into the red ahead of the U.S. Federal Reserve's two-day policy meeting. Spot gold was 0.3 percent up at $1,248.79 per ounce by 0545 GMT, having touched a high of $1,248.87 earlier, its highest level since Dec. 11. U.S. gold futures settled up 0.8 percent at $1,251.80 per ounce.









DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

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#403

Post by TinaNamdev » Wed Dec 19, 2018 4:11 pm

Japan won't recognize China as WTO market economy – Nikkei.

Japan tax reform to ease up on overseas shell companies – Nikkei.

Capital Vraddhi


Capital Vraddhi complaints
Last edited by TinaNamdev on Tue Jan 01, 2019 5:31 pm, edited 1 time in total.



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#404

Post by B0N3 » Wed Dec 19, 2018 8:01 pm

Asia Roundup:
Kiwi gains despite widening current account, greenback eases as investors expect Fed dropping gradual increases and lower dot forecast, Asian shares nudge higher – Wednesday, December 19th, 2018







Market Roundup

British government to activate full 'no-deal' Brexit preparations

Bank of England needs “more cost-conscious culture” – watchdog

UK economy to slip to 7th biggest in world in 2019 – PwC

Italy strikes deal with EU commission over budget – ministry spokeswoman

Judge excoriates Trump ex-adviser Flynn, delays Russia probe sentencing

New Zealand current account deficit widens in Q3, largest gap in 9 years

Japan Nov Exports Y/Y, 0.1%, 1.8% f'cast, 8.2% prev

Japan Nov Imports Y/Y, 12.5%, 11.5% f'cast, 19.9% prev

Japan Nov Trade Balance Total Yen, -737.3B, -600.3B f'cast, -449.3B prev



Economic Data Ahead

(0200 ET/0700 GMT) Germany Nov Producer Prices Y/Y, 3.2% f'cast, 3.3% prev

(0430 ET/0930 GMT) Great Britain Nov Core CPI Y/Y, 1.8% f’cast, 1.9% prev

(0430 ET/0930 GMT) Great Britain Nov CBI Trends – Orders, 6 f’cast, 10 prev

(0430 ET/0930 GMT) Great Britain Nov CPI Y/Y, 2.3% f'cast, 2.4% prev

(0430 ET/0930 GMT) Great Britain Nov RPI Y/Y, 3.2% f'cast, 3.3% prev

(0430 ET/0930 GMT) Great Britain Nov PPI Input Prices Y/Y NSA, 4.6% f'cast, 10.0% prev

(0430 ET/0930 GMT) Great Britain Nov PPI Ouput Prices Y/Y NSA, 2.9% f'cast, 3.3% prev

(0500 ET/1000 GMT) EZ Oct Construction Output M/M, 2.04% prev



Key Events Ahead

(1400 ET/1900 GMT) FOMC announces its decision on interest rates followed by a statement in Washington D.C.



FX Beat

DXY: The dollar index declined as investors curb their expectations for more Federal Reserve policy tightening in 2019 after an expected rate hike later in the day. The greenback against a basket of currencies trades 0.1 percent down at 96.90, having touched a low of 96.70 the day before, its lowest since December 10. FxWirePro's Hourly Dollar Strength Index stood at -62.53 (Bearish) by 0500 GMT.

EUR/USD: The euro rose, extending previous session gains after Italy stroked a deal with the European Commission over its contested 2019 budget. Rome has only received verbal assurances from Brussels, however, a deal is yet to be formalized until a meeting of EU commissioners on Wednesday, a source in Prime Minister Giuseppe Conte's office stated. The European currency traded 0.2 percent up at 1.1380, having touched a high of 1.1402 on Tuesday, its highest since Dec. 10. FxWirePro's Hourly Euro Strength Index stood at 18.76 (Neutral) by 0500 GMT. Investors’ attention will remain on German producer price index, and EZ construction output, ahead of the U.S. existing home sales and Fed interest rate decision. Immediate resistance is located at 1.1401 (November 29 High), a break above targets 1.1442 (December 10 High). On the downside, support is seen at 1.1318 (December 4 Low), a break below could drag it till 1.1267 (November 28 Low).

USD/JPY: The dollar slumped to a near 2-month low as investors speculated the Federal Reserve would slow the pace of U.S. monetary tightening in 2019. The major was trading 0.2 percent down at 112.32, having hit a low of 112.19 earlier, its lowest since October 29. FxWirePro's Hourly Yen Strength Index stood at 150.01 (Highly Bullish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. existing home sales and Fed interest rate decision. Immediate resistance is located at 113.01 (November 23 High), a break above targets 113.72 (November 30 High. On the downside, support is seen at 111.95 (October 23 Low), a break below could take it lower 111.62 (October 15 Low).

GBP/USD: Sterling rose, extending gains for the third straight session, amid growing expectations that Britain Prime Minister Theresa May can avoid a no-deal Brexit. However, concerns of a second referendum and a delay of parliamentary approval on PM May's Brexit deal limited upside. The major traded 0.2 percent up at 1.2656, having hit a high of 1.2705 on Tuesday; it’s highest since December 10. FxWirePro's Hourly Sterling Strength Index stood at -37.82 (Neutral) 0500 GMT. Investors’ attention will remain on the UK retail sales, producer price index and consumer price index, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2705 (Dec. 18 High), a break above could take it near 1.2754. On the downside, support is seen at 1.2560, a break below targets 1.2515. Against the euro, the pound was trading 0.1 percent down at 89.94 pence, having hit a low of 90.87 last week, it’s lowest since August 29.

AUD/USD: The Australian dollar steadied near the 0.7200 handle, as the greenback eased on speculation the Federal Reserve will hold off on raising rates any further after its policy meeting later in the day. The Aussie trades 0.2 percent up at 0.7194, having hit a low of 0.7151 on Friday; it’s lowest since November 1. FxWirePro's Hourly Aussie Strength Index stood at -10.09 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7141 (September 17 Low), a break below targets 0.7100. On the upside, resistance is located at 0.7212 (November 1 High), a break above could take it near 0.7268 (November 22 High).

NZD/USD: The New Zealand dollar rallied, despite data showing domestic current account deficit widened to its largest in nine years in the third quarter. The economy's annual deficit to September came in at NZ$10.539 billion, higher than the NZ$9.536 billion forecast, and equating to 3.6 percent of the gross domestic product. The Kiwi trades 0.3 percent up at 0.6865, having touched a low of 0.6777 on Friday, its lowest level Nov 27. FxWirePro's Hourly Kiwi Strength Index was at 65.43 (Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6900 (December 12 High), a break above could take it near 0.6944 (December 5 High). On the downside, support is seen at 0.6798 (November 16 Low), a break below could drag it below 0.6727 (November 9 Low).



Equities Recap

Asian shares nudged higher amid speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the day.

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

Tokyo's Nikkei declined 0.6 percent to 20,987.92 points, Australia's S&P/ASX 200 index eased 0.2 percent to 5,580.60 points and South Korea's KOSPI rose 0.8 percent to 2,079.46 points.

Shanghai composite index fell 0.7 percent to 2,558.18 points, while CSI300 index traded 0.9 percent down at 3,099.77 points.

Hong Kong’s Hang Seng traded 0.05 percent higher at 25,822.27 points. Taiwan shares added 0.6 percent to 9,783.21 points.


Commodities Recap

Crude Oil oil prices rebounded after falling to multi-month lows in the previous session on worries about oversupply and a slowing global economy. International benchmark Brent crude was trading 0.8 percent up at $56.43 per barrel by 0448 GMT, having hit a low of $55.88 on Tuesday, its lowest since October 2017. U.S. West Texas Intermediate was trading 0.2 percent up at $46.67 a barrel, after falling as low as $45.82 on Tuesday, its lowest since early August 2017.

Gold prices surged to a more than 5-month peak as investors’ cautiously awaited cues on the rate hike trajectory of the U.S. central bank from its two-day policy meeting. Spot gold was 0.2 percent up at $1,251.12 per ounce by 0456 GMT, having touched a high of $1,251.18 earlier, its highest level since July 11. U.S. gold futures were up 0.1 percent at $1,254.60 per ounce.









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#405

Post by B0N3 » Thu Dec 20, 2018 7:28 pm

Asia Roundup:
Kiwi slumps on economic growth concerns, dollar eases as Fed projects fewer rate hikes next year, Asian shares plunge –
Thursday, December 20th, 2018







Market Roundup

U.S. Fed raises interest rates, signals more hikes ahead

U.S. Senate OKs government funding through Feb. 8 to avert shutdown

U.S. Congress to push stop-gap funding bill with no border wall money

Japan's central bank sticks to economic recovery view despite rising global risks

World Bank expects China's economic growth to slow to 6.2 pct in 2019

China keeps short-term borrowing rates steady after Fed hike

Australian jobs surpass forecasts in Nov, unemployment ticks up

New Zealand's economic growth slides to 5-year low, stokes c.bank rate cut talk

New Zealand Nov Trade Balance, -861.0M, -1,295.0M prev, -1317M r’vsd



(0400 ET/0900 GMT) EZ Oct Current Account SA, EUR, 16.9B prev

(0400 ET/0900 GMT) Italy Nov Producer Prices Y/Y, 5.8% prev

(0430 ET/0930 GMT) Great Britain Nov Retail Sales Y/Y, 1.9% f'cast, 2.2% prev

(0600 ET/1100 GMT) Great Britain Dec CBI Distributive Trades, 16 f'cast, 19 prev

(0700 ET/1200 GMT) Great Britain Dec BOE Bank Rate, 0.75% prevv



Key Events Ahead

(0700 ET/1200 GMT) BoE publishes summary and minutes of the Monetary Policy Committee meeting in London



FX Beat

DXY: The dollar index edged lower after Federal Reserve Chairman Jerome Powell in a press conference suggested that the expected two hikes for 2019 weren't set in tone. The greenback against a basket of currencies trades 0.1 percent down at 96.90, having touched a low of 96.55 the day before, its lowest since December 10. FxWirePro's Hourly Dollar Strength Index stood at -0.75 (Neutral) by 0500 GMT.

EUR/USD: The euro rose, extending gains for the fourth straight session, supported by news Italy had struck a deal with the European Commission over its contested 2019 budget. The European currency traded 0.1 percent up at 1.1386, having touched a high of 1.1439 on Wednesday, its highest since Dec. 10. FxWirePro's Hourly Euro Strength Index stood at 73.81 (Slightly Bullish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, and EZ current account, ahead of the U.S. unemployment benefit claims. Immediate resistance is located at 1.1412 (December 6 High), a break above targets 1.1442 (December 10 High). On the downside, support is seen at 1.1318 (December 4 Low), a break below could drag it till 1.1267 (November 28 Low).

USD/JPY: The dollar plunged, hovering towards a near 2-month low touched in the previous session, after the Federal Reserve hiked interest rates by 25 basis points, as expected, but forecast fewer rate increases next year than it had at its September policy meeting. The major was trading 0.2 percent down at 112.23, having hit a low of 112.09 on Wednesday, its lowest since October 29. FxWirePro's Hourly Yen Strength Index stood at 106.70 (Highly Bullish) 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 113.01 (November 23 High), a break above targets 113.72 (November 30 High. On the downside, support is seen at 111.95 (October 23 Low), a break below could take it lower 111.62 (October 15 Low).

GBP/USD: Sterling consolidated above the 1.2600 handle, amid prevalent concerns Britain is headed for a disorderly exit from the European Union. The major traded 0.2 percent up at 1.2636, having hit a high of 1.2705 on Tuesday; it’s highest since December 10. FxWirePro's Hourly Sterling Strength Index stood at 87.37 (Slightly Bullish) 0500 GMT. Investors’ attention will remain on the UK retail sales and Bank of England interest rate decision, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2705 (Dec. 18 High), a break above could take it near 1.2754. On the downside, support is seen at 1.2560, a break below targets 1.2515. Against the euro, the pound was trading 0.1 percent up at 90.09 pence, having hit a low of 90.87 last week, it’s lowest since August 29.

AUD/USD: The Australian dollar slumped to a 1-1/2 month low after domestic data showed the unemployment rate ticked higher as more people went looking for work. However, the downside was limited as a net 37,000 new jobs were created in November, up from a downwardly revised 28,600 the month before and surpassing forecasts of a 20,000 increase. The Aussie trades 0.2 percent down at 0.7090, having hit a low of 0.7086 earlier; it’s lowest since November 1. FxWirePro's Hourly Aussie Strength Index stood at -158.24 (Highly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7050 (October 29 Low), a break below targets 0.7021 (October 26 Low). On the upside, resistance is located at 0.7122 (October 30 High), a break above could take it near 0.7203 (December 18 High).

NZD/USD: The New Zealand dollar tumbled to an over 1-month low on data that showed the country's economic growth slumped to its lowest in almost five years in the third quarter, stoking concerns the RBNZ might take a more dovish monetary policy stance in 2019. The Kiwi trades 0.5 percent down at 0.6729, having touched a low of 0.6724 earlier, its lowest level Nov 13. FxWirePro's Hourly Kiwi Strength Index was at -140.25 (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 0.6810 (November 27 High), a break above could take it near 0.6883 (November 16 High). On the downside, support is seen at 0.6705 (November 12 Low), a break below could drag it below 0.6645 (November 6 Low).



Equities Recap

Asian shares plunged after the U.S. Federal Reserve raised key overnight lending rate rates by 0.25 percent point, as expected, and sounded less dovish on future rate hikes than investors had initially anticipated.

MSCI's broadest of Asia-Pacific shares outside Japan slumped 1.3 percent.

Tokyo's Nikkei declined 3.0 percent to 20,358.02 points, Australia's S&P/ASX 200 index eased 1.3 percent to 5,505.80 points and South Korea's KOSPI declined 1.1 percent to 2,055.91 points.

Shanghai composite index fell 0.7 percent to 2,531.84 points, while CSI300 index traded 0.9 percent down at 3,063.59 points.

Hong Kong’s Hang Seng traded 1.3 percent lower at 25,529.17 points. Taiwan shares shed 1.1 percent to 9,674.52 points.



Commodities Recap

Crude Oil prices declined, reversing some of its previous session losses, amid worries about oversupply and the outlook for the global economy. International benchmark Brent crude was trading 0.6 percent up at $56.16 per barrel by 0503 GMT, having hit a low of $55.88 on Tuesday, its lowest since October 2017. U.S. West Texas Intermediate was trading 0.6 percent down at $47.05 a barrel, after falling as low as $45.77 on Tuesday, its lowest since early August 2017.

Gold prices surged after retreating from an over 5-month peak in the previous session, as the U.S. Federal Reserve did not deliver as dovish a statement as some investors had expected. Spot gold was 0.2 percent up at $1,244.77 per ounce by 0507 GMT, having touched a high of $1,257.52 on Wednesday, its highest level since July 11. U.S. gold futures declined 0.7 percent to $1,247.4 per ounce.









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#406

Post by B0N3 » Fri Dec 21, 2018 7:16 pm

Asia Roundup:
Japanese yen trade marginally lower after CPI as well as core CPI data, Asian markets noticeably down, gold flat at $1,258 mark –
Friday, December 21, 2018







Market Roundup

Japan Nov CPI, Core Nationwide Y/Y, 0.9%, 1.0% forecast, 1.0% previous.

U.S. House passes funds for Trump wall; government shutdown looms.

U.S. defense chief Mattis quits after clashing with Trump on policies.

Japan's Cabinet approves record $900 bln budget, aims to soften sale tax blow.

China denies “slanderous” economic espionage charges from U.S., allies.

UK consumers gloomiest since 2013, car production slumps.

U.S. stock funds set for record monthly withdrawals –Lipper.

U.S. muni bond funds post $255 mln in inflows-Lipper.

Foreign CB US debt holdings +$18.665 bln to $3.403 tln Dec 19 week.

Treasuries +$18.593 bln to $3.027 tln, agencies +$298 mln to $308.710 bln.



Economic Data Ahead

(0200 ET/0700 GMT) Germany Jan GFK Consumer Sentiment, 10.3 forecast, 10.4 previous.

(0200 ET/0700 GMT) Germany Nov Import Prices Y/Y, 3.6% forecast, 4.8% previous.

(0245 ET/0745 GMT) France Q3 GDP QQ Final, 0.4% forecast, 0.4% previous.

(0245 ET/0745 GMT) France Nov Consumer Spending M/M, 0.0% forecast, 0.8% previous.

(0245 ET/0745 GMT) France Dec Business Climate Mfg, 103 forecast, 105 previous.

(0245 ET/0745 GMT) France Nov Producer Prices M/M, 0.4% previous.

(0430 ET/0930 GMT) UK Q3 GDP QQ, 0.6% forecast, 0.6% previous.

(0430 ET/0930 GMT) UK Q3 GDP Y/Y, 1.5% forecast, 1.5% previous.

(0430 ET/0930 GMT) UK Q3 Business invest Y/Y, -1.9% previous.

(0430 ET/0930 GMT) UK Q3 Current Account GBP, -21.200B forecast, -20.317B previous.

(1000 ET/1500 GMT) EZ Dec Consumer Confidence Flash, -4.3 forecast, -3.9 previous.



Key Events Ahead

(0830 ET/1330 GMT) Federal Reserve Bank of Philadelphia issues 'Non manufacturing Business Outlook Survey for December' in Philadelphia.

(1000 ET/1500 GMT) Bank of Canada releases its business outlook report based on a survey of about 100 companies in Ottawa.



FX Beat

USD: The dollar index against a basket of six major currencies stood near 96.30 after falling to 96.168 overnight, its lowest since Nov 20. The index has lost roughly 1.2 percent this week.

EUR/USD: The euro was 0.15 percent higher at $1.1460 after nudging up to a 1-1/2-month peak of $1.1486 the previous day. The single currency was headed for a 1.4 percent gain on the week. The pair was currently trading around $1.1443 mark. A consistent close below $1.1445 will drag the parity down towards key supports around $1.1370, $1.1288, $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1550, $1.1620 and $1.1820 marks respectively.

USD/JPY: The Japanese yen trades marginally lower in early Asia after CPI as well as core CPI data release. Pair was currently trading around 111.42 marks. It made intraday high at 111.43 and low at 111.08 levels. A sustained close above 111.27 is required to take the parity higher towards key resistances around 112.60, 113.98, 114.55, 115.25 and 117.98 marks respectively. Alternatively, a daily close below 111.27 will drag the parity down towards key supports around 110.98, 110.27, 109.24, 108.72 and 107.90 marks respectively. The currency has lost nearly 2 percent against its Japanese peer this week.

GBP/USD: The pound inched up 0.1 percent to $1.2669. It had climbed to a 10-day peak of $1.2707 on Thursday but pulled back from the high after the Bank of England kept interest rates on hold, saying Brexit uncertainty had “intensified considerably” over the last month. A sustained close below $1.2654 requires for dragging the parity down towards key supports around $1.2498 mark. On the other side, key resistances are seen at $1.2758, $1.3047, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar was a shade higher at $0.7119, moving away from a near two-month trough of $0.7086 brushed the previous day following tumult in the global markets. That uncertainty helped the Aussie steady for the moment on the U.S. dollar at $0.7114, though it was still 0.8 percent lower on the week. The pair made intraday high at $0.7123 and low at $0.7102 levels. Immediate support and resistance levels were seen at $0.7020 and $0.7303 mark respectively.

NZD/USD: The kiwi edged up to $0.6788, from a trough of $0.6725, to leave it off 0.1 percent for the week so far. Major support is down at $0.6632, with resistance around $0.6969. Pair made intraday high at $0.6790 and low at $0.6763 levels. A sustained close above $0.6773 is required to take the parity higher towards $0.6814 and $0.7050 mark respectively. Alternatively reversal from key resistance will take the parity down towards key supports around $0.6402 levels.



Equities Recap

Tokyo's Nikkei was trading 1.47 pct lower at 20,093.50 points.

Shanghai composite index to open down 0.4 pct at 2,526.55 points and China's CSI300 index to open down 0.4 pct at 3,055.33 points.

Hong Kong’s Hang Seng was trading 0.22 pct lower at 25,568.55 points.



Commodities Recap

Crude Oil prices climbed on Friday after tumbling 5 percent in the last session, with OPEC production cuts that start next month seen being deeper than previously expected. Benchmark Brent crude futures were up 1.51 percent at $55.17 per barrel at 0112 GMT, recovering from losses of $2.89 per barrel the session before. U.S. West Texas Intermediate (WTI) crude futures rose 1.53 percent, or 70 cents, to $46.58 per barrel.

Gold prices held firm on Friday, having climbed to a near six-month high in the previous session, as investors shunned risky assets and the dollar lingered near one-month lows. Spot gold was steady at $1,260.16 per ounce at 0125 GMT, as of 0043 GMT, after jumping over 1 percent in the previous session. The precious metal hit a high of $1,266.4 on Thursday, a level last touched on June 26. U.S. gold futures declined 0.3 percent to $1,263.7 per ounce.









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#407

Post by KoloKolya » Mon Dec 24, 2018 11:24 am

[quote=B0N3 post_id=2822 time=1485780314 user_id=52]
Asia Roundup: Dollar slumps on weaker-than-expected U.S. GDP and easing Treasury yields, crude oil weighed down by increasing output, Asian shares tumble – Monday, January 30th, 2017

Market Roundup

  • President Trump signs an executive order on the extreme vetting of refugees/immigration, will bar green card holders from 7 targeted countries from entering the US.
     
  • Trump confirms the importance of Japan-US alliance, economic-investment ties, discussed cars with PM Abe, to hold summit February 10 – Reuters.
     How to get a green card? Maybe you know something about it? I think about it a lot. I study the information https://www.malaysiakini.com/letters/276772, but the feedback is quite different. I want to hear about your personal experience. I'll wait for your answer. Thank you!



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#408

Post by B0N3 » Wed Dec 26, 2018 6:13 pm

Asia Roundup:
Japanese yen rises noticeably against U.S. dollar, Asian markets slightly down, gold stabilizes above $1,270 mark –
Wednesday, December 26, 2018







Market Roundup

Singapore Nov 2018 manufacturing output mm increase to 2.8 % vs previous 2.4 % (revised from 2 %).

Singapore Nov 2018 manufacturing output y/y increase to 7.6 % vs previous 5.5 % (revised from 4.3 %).

Japan PM Abe – Want to further strengthen Japan's positive economic cycle through steps to boost productivity.

Japan chief govt spokesman – Japan's economic fundamentals firm.

Japan PM Abe – Japan will see sales tax hike rate raised to 10 pct next year, govt plans to take sufficient steps to mitigate pain on economy.

Thai central bank – There is fragility in financial system stemming from property sector, search for yield.

BOJ governor Kuroda – BOJ must seek most appropriate policy while balancing benefits, costs of its policy.

BOJ governor Kuroda – Stock price moves somewhat unstable, which could be driven by various risks on global economy.



Economic Data Ahead

No major data expected for the day.



Key Events Ahead

No major economic events expected for the day.



FX Beat

USD: The dollar index, a gauge of its value versus six major peers, held marginally higher at 96.64 points.

EUR/USD: The euro trades flat at $1.1403 mark. A consistent close below $1.1399 will drag the parity down towards key supports around $1.1288, $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1474, $1.1550, $1.1620 and $1.1820 marks respectively.

USD/JPY: The Japanese yen remains almost unchanged against U.S. dollar and was currently trading around 110.44 marks. It made intraday high at 110.45 and low at 110.38 levels. Pair made fresh 4-month low at 110.26 mark on previous trading session. A sustained close above 110.33 is required to take the parity higher towards key resistances around 111.45, 112.60, 113.98, 114.55, 115.25 and 117.98 marks respectively. Alternatively, a daily close below 110.33 will drag the parity down towards key supports around 110.27, 109.24, 108.72 and 107.90 marks respectively.

GBP/USD: The sterling edged up to $1.2713. Traders are predicting a volatile period for sterling in January, when Prime Minister Theresa May will seek parliamentary approval for her much-criticized Brexit deal. A sustained close below $1.2700 requires for dragging the parity down towards key supports around $1.2486 and $1.2150 mark. On the other side, key resistances are seen at $1.2790, $1.3047, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Aussie trades marginally higher against U.S. dollar. The pair made intraday high at $0.7053 and low at $0.7044 levels. Immediate support and resistance levels were seen at $0.7020 and $0.7303 mark respectively.

NZD/USD: The kiwi trades flat in early Asian hours. Major support is down at $0.6632, with resistance around $0.6969. Pair made intraday high at $0.6740 and low at $0.6732 levels. A sustained close above $0.6722 is required to take the parity higher towards $0.6814 and $0.7050 mark respectively. Alternatively reversal from key resistance will take the parity down towards key supports around $0.6632 and $0.6402 levels respectively.



Equities Recap

Tokyo's Nikkei extends decline, down more than 1 pct to hit lowest since April 2017.

Shanghai composite index to open down 0.2 pct at 2,501.12 points and China's CSI300 index to open down 0.2 pct at 3,012.87 points.



Commodities Recap

Crude Oil prices were mixed in thin trading on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market in the longer term. U.S. West Texas Intermediate (WTI) crude future, were up 29 cents, or 0.68 percent, at $42.82 per barrel, at 0355 GMT, having at one point risen as high as 2 percent from the last close. They had slumped 6.7 percent in the previous session to $42.53 a barrel – the lowest since June 2017. Meanwhile Brent crude oil futures were down 11 cents or 0.22 percent at $50.36 a barrel, having skidded 6.2 percent in the previous session to $50.47 a barrel, the weakest since August 2017.

Gold prices hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fuelled risk aversion, prompting investors to seek refuge in the metal. Spot gold climbed 0.3 percent to $1,271.85 per ounce as at 0429 GMT. The metal hit $1272.56 in early trade, its highest since June 20. U.S. gold futures were up 0.3 percent at $1,275.8 per ounce.









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#409

Post by B0N3 » Thu Dec 27, 2018 7:17 pm

Asia Roundup:
Japanese yen trades marginally higher despite lower than expected housing start data, Asian markets noticeably up, gold hovers around $1,270 mark – Thursday, December 27, 2018







Market Roundup

Japan housing starts Nov -0.6 y/y vs previous 0.3.

In a first, Trump makes surprise visit to U.S. troops in Iraq.

On shutdown, Trump vows to wait as long as it takes for wall funding.

White House economic adviser – Fed chair’s job is not in jeopardy.

In Japan, a scramble for new workers disrupts traditional hiring.

China's industrial profits suffer first annual drop in 3 years, piles pressure on economy.



Economic Data Ahead

(0300 ET/0800 GMT) Spain retail sales.

(0300 ET/0800 GMT) Hungary unemployment rate.

(0330 ET/0830 GMT) Hong Kong trade balance.



Key Events Ahead

(1850 ET/2350 GMT) BOJ to release summary of opinions from board members at its Dec 19 – 20 policy meeting in Tokyo.



FX Beat

USD: The dollar index, a gauge of its value versus six major peers, was steady at 96.91, after gaining 0.5 percent on Wednesday.

EUR/USD: The euro fetched $1.1380, steadying in early Asian trade after losing 0.1 percent on the dollar on Wednesday. A consistent close below $1.1351 will drag the parity down towards key supports around $1.1288, $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1414, $1.1550, $1.1620 and $1.1820 marks respectively.

USD/JPY: The Japanese yen remains rises against U.S. dollar and was currently trading around 111.15 marks. It made intraday high at 111.36 and low at 110.85 levels. A sustained close above 111.36 is required to take the parity higher towards key resistances around 112.60, 113.98, 114.55, 115.25 and 117.98 marks respectively. Alternatively, a daily close below 111.36 will drag the parity down towards key supports around 110.27, 109.24, 108.72 and 107.90 marks respectively.

GBP/USD: The Sterling, which has been battered by Brexit woes in recent months, was firm at $1.2650, having lost 0.4 percent the previous session. A sustained close below $1.2583 requires for dragging the parity down towards key supports around $1.2486 and $1.2150 mark. On the other side, key resistances are seen at $1.2760, $1.3047, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar, often considered a gauge of global risk appetite, tacked on 0.1 percent to build on its 0.4 percent gain in the previous session. The Aussie trades marginally lower against U.S. dollar. The pair made intraday high at $0.7077 and low at $0.7051 levels. Immediate support and resistance levels were seen at $0.7020 and $0.7303 mark respectively.

NZD/USD: The kiwi falls gradually against U.S. dollar. Major support is down at $0.6632, with resistance around $0.6969. Pair made intraday high at $0.6741 and low at $0.6712 levels. A sustained close above $0.6729 is required to take the parity higher towards $0.6814 and $0.7050 mark respectively. Alternatively reversal from key resistance will take the parity down towards key supports around $0.6632 and $0.6402 levels respectively.



Equities Recap

Tokyo's Nikkei was trading 4.20 pct higher at 20,153.55 points.

Shanghai composite index to open up 1.2 pct at 2,527.72 points and China's CSI300 index to open up 1.4 pct at 3,042.95 points.

Hong Kong’s Hang Seng was trading 0.66 pct higher at 25,820.55 points.



Commodities Recap

Crude Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 cents, or 0.15 percent, at $54.39 a barrel by 0237 GMT. They rose 8 percent to $54.47 a barrel the day before. U.S. West Texas Intermediate (WTI) crude futures fell 0.19 percent to $46.13 per barrel. They jumped 8.7 percent to $46.22 per barrel in the previous session. Both crude benchmarks are down roughly 40 percent from highs touched in October.

Gold prices inched higher on Thursday amid concerns about global economic growth and a partial U.S. government shutdown, although a rebound in investor risk-appetite in the previous session limited gains. Spot gold rose 0.4 percent to $1,271.85 per ounce by 0102 GMT. In the previous session, the metal hit $1,279.06 an ounce, its highest since June 19. U.S. gold futures inched up 0.1 percent to $1,273.9 per ounce.









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#410

Post by B0N3 » Fri Dec 28, 2018 7:36 pm

Asia Roundup:
Japanese yen rises in early Asia after mixed economic data, Asian markets up, gold touches $1,281 mark –
Friday, December 28, 2018







Market Roundup

U.S. Congress meets briefly, takes no steps to end shutdown.

Corbyn – Labour bid to force general election matter of 'when, not if'.

BOJ at logger-heads on how much yield falls to tolerate – Dec summary.

Japan factory output falls, sales slow as risks to economy rise.

U.S. stock funds attract cash for 1st time in 6 weeks – Lipper.

U.S. muni bond funds post $931.4 mln in inflows – Lipper.

Foreign CB US debt holdings -$6.261 bln to $3.396 tln Dec 26 week.

Treasuries -$4.625 bln to $3.023 tln, agencies -$1,146 mln to $307.564 bln.



Economic Data Ahead

(0430 ET/0930 GMT) UK Nov UK Finance Mortgage Apps, 39.697k previous.

(0800 ET/1300 GMT) Germany Dec CPI Prelim Y/Y, 1.9% forecast, 2.3% previous.

(0800 ET/1300 GMT) Germany Dec HICP Prelim Y/Y, 1.9% forecast, 2.2% previous.



Key Events Ahead

No major events are scheduled for the day.



FX Beat

USD: The dollar index, a gauge of its value versus six major peers, fell by around 0.15 percent to 96.34, after losing 0.5 percent overnight.

EUR/USD: The euro gained 0.2 percent, fetching $1.1457. But the single currency has struggled this year due to weak euro zone data, low inflation and political risks. That has led to the European Central Bank maintaining ultra-low interest rates. The euro is on track for a loss of 4.5 percent versus the greenback this year. A consistent close below $1.1429 will drag the parity down towards key supports around $1.1342, $1.1288, $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively.

USD/JPY: The Japanese yen appreciates against U.S. dollar after mixed economic data and was currently trading around 110.55 marks. It made intraday high at 111.01 and low at 110.52 levels. A sustained close above 110.95 is required to take the parity higher towards key resistances around 111.40, 112.60, 113.98, 114.55, 115.25 and 117.98 marks respectively. Alternatively, a daily close below 110.95 will drag the parity down towards key supports around 110.27, 109.24, 108.72 and 107.90 marks respectively.

GBP/USD: The Sterling held above a three-day low on Thursday as investors remained sidelined awaiting another round of Brexit developments, as a broadly weaker dollar offered some support to the struggling British currency. Against the dollar, the pound was broadly steady at $1.2635 after climbing as much as 0.2 percent to $1.2665 in the Asian session. Versus the euro, the pound was down 0.4 percent at 90.14 pence. A sustained close below $1.2643 requires for dragging the parity down towards key supports around $1.2486 and $1.2150 mark. On the other side, key resistances are seen at $1.2760, $1.3047, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Aussie erases previous loss against U.S. dollar and remains well supported above $0.70 mark. The pair made intraday high at $0.7053 and low at $0.7025 levels. Immediate support and resistance levels were seen at $0.7020 and $0.7303 mark respectively.

NZD/USD: The kiwi trades almost flat against U.S. dollar. Major support is down at $0.6632, with resistance around $0.6969. Pair made intraday high at $0.6714 and low at $0.6694 levels. A sustained close above $0.6697 is required to take the parity higher towards $0.6746, $0.6814 and $0.7050 mark respectively. Alternatively reversal from key resistance will take the parity down towards key supports around $0.6632 and $0.6402 levels respectively.



Equities Recap

Tokyo's Nikkei was trading 0.20 pct lower at 20,034.55 points.

Shanghai composite index to open flat at 2,483.62 points and China's CSI300 index to open up 0.1 pct at 2,994.80 points.

Hong Kong’s Hang Seng was trading 0.26 pct higher at 25,544.55 points.



Commodities Recap

Crude Oil prices jumped as much as 3 percent on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure. Brent crude was up $1.18, or 2.26 percent, at $53.34 a barrel at 0219 GMT, having earlier risen as much as 3.1 percent. It dropped 4.24 percent, or $2.31, the day before to settle at $52.16 per barrel. U.S. West Texas Intermediate (WTI) crude future, were at $45.62 a barrel, up 2.26 percent, or $1.01, after earlier rising 3.6 percent. They ended Thursday down 3.48 percent, or $1.61, at $44.61 a barrel.

Gold inched higher on Friday to trade below a more than six-month high hit earlier this week, as concerns about slowing global economic growth and a partial government shutdown in the United States stoked safe-haven demand, although gains in equities capped the upside. Spot gold had risen by 0.2 percent to $1,277.75 per ounce as of 0448 GMT, and was set for a second straight weekly gain with no end in sight for China-U.S. trade tensions and political uncertainty in the United States. The precious metal had hit its highest level since June 19 at $1,279.06 on Wednesday. U.S. gold futures inched down 0.1 percent to $1,280.2 per ounce on Friday.









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