FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

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Re: FirewoodFX - Market News

#421

Post by B0N3 » Thu Jan 17, 2019 7:06 pm

Asia Roundup:
Antipodeans at 1-week trough amid concerns over China's economic outlook, yen off lows as U.S government shutdown lingers, Asian shares decline – Thursday, January 17th, 2019







Market Roundup

UK PM May seeks to end Brexit stalemate after winning confidence vote

As shutdown lingers, Pelosi pushes Trump to delay State of Union speech

U.S. lawmakers introduce bipartisan bills targeting China's Huawei and ZTE

BOJ's Kuroda calls for vigilance to cost of unconventional easing

China c.bank to inject net 380 bln yuan via OMOs, a day after record move

UK house sales outlook weakest on record as Brexit nears – RICS

Australia Nov Housing Finance, -0.9%, -1.5% f'cast, 2.2% prev



Economic Data Ahead

(0500 ET/1000 GMT) EZ Dec HICP Final MM, 0.0% f'cast, -0.2% prev

(0500 ET/1000 GMT) EZ Dec HICP Final YY, 1.6% f'cast, 1.6% prev



Key Events Ahead

(0600 ET/1100 GMT) Lecture by ECB Board Member Sabine Lautenschlager at Risk Management & Supervisory Conference organized by Banking & Payments Federation Ireland in Dublin.

(1000 ET/1500 GMT) Bank of England Governor Mark Carney, Deputy Governor Sam Woods, and other senior officials from the bank to speak about competition in the banking sector in London

(1045 ET/1545 GMT) Federal Reserve Vice Chair for Supervision Randal Quarles participates in “Insurance Regulation and Supervision” discussion before the Insurance Information Institute 2019 Joint Industry Forum, in New York City, United States.



FX Beat

DXY: The dollar index rose, extending gains for the third straight session, as the euro eased amid persistent worries about the euro zone economy. The greenback against a basket of currencies trades 0.5 percent up at 96.14, having touched a high of 96.26 on Tuesday, its highest since Jan. 4. FxWirePro's Hourly Dollar Strength Index stood at 108.28 (Highly Bullish) by 0500 GMT.

EUR/USD: The euro slumped to a 2-week low after European Central Bank chief Mario Draghi warned that economic developments in the eurozone have been weaker than expected. The European currency traded 0.1 percent down at 1.1380, having touched a low of 1.1377 earlier, its lowest since Jan. 4. FxWirePro's Hourly Euro Strength Index stood at -57.13 (Bearish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies and EZ consumer price index, ahead of the U.S. unemployment benefit claims and Fed Quarles speech. Immediate resistance is located at 1.1442 (December 10 High), a break above targets 1.1500 (November 7 High). On the downside, support is seen at 1.1356 (December 21 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar eased, retreating from a 2-week peak touched in the previous session, amid growing concerns the U.S. government shutdown was starting to take a toll on its economy. The major was trading 0.1 percent down at 108.98, having hit a high of 109.19 on Wednesday, its highest since Jan 2. FxWirePro's Hourly Yen Strength Index stood at 20.67 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims and Fed Quarles speech. Immediate resistance is located at 109.20, a break above targets 109.46 (April 26 High). On the downside, support is seen at 108.02 (Jan. 7 Low), a break below could take it lower 107.65 (April 23 Low).

GBP/USD: Sterling steadied near a 2-month high after British Prime Minister Theresa May's government won a no-confidence vote in parliament. The major traded flat at 1.2874, having hit a high of 1.2930 on Monday; it’s highest since November 15. FxWirePro's Hourly Sterling Strength Index stood at 136.82 (Highly Bullish) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2946 (November 12 High), a break above could take it near 1.3030 (November 15 High). On the downside, support is seen at 1.2795 (November 26 Low), a break below targets 1.2723 (November 15 Low). Against the euro, the pound was trading flat at 88.42 pence, having hit a high of 88.36, it’s highest since November 28.

AUD/USD: The Australian dollar slumped to a 1-week low amid heightened anxiety a protracted U.S.-China trade war could see a sharp slowdown in the world's biggest economies. The Aussie trades declined 0.1 percent at 0.7158, having hit a low of 0.7149 earlier; it’s lowest since January 10. FxWirePro's Hourly Aussie Strength Index stood at -147.66 (Highly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7116 (January 8 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7273 (December 6 High)..

NZD/USD: The New Zealand dollar tumbled, weighed down by concerns over China's economic outlook. The Kiwi trades 0.4 percent down at 0.6751, having touched a low of 0.6741, its lowest level January 9. FxWirePro's Hourly Kiwi Strength Index was at -182.33 (Highly Bearish) by 0500 GMT. Immediate resistance is located at 0.6809 (Jan.9 High), a break above could take it near 0.6862 (Nov.14 High. On the downside, support is seen at 0.6726 (Jan. 7 Low), a break below could drag it below 0.6707 (Jan. 8 Low).



Equities Recap

Asian shares slumped, amid persisting concerns over China's economic slowdown and lingering Brexit tensions.

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

Tokyo's Nikkei declined 0.2 percent to 20,402.27 points, Australia's S&P/ASX 200 index gained 0.3 percent to 5,850.10 points and South Korea's KOSPI surged 0.1 percent to 2,107.65 points.

Shanghai composite index fell 0.3 percent to 2,563.91 points, while CSI300 index traded 0.3 percent down at 3,119.11 points.

Hong Kong’s Hang Seng traded 0.3 percent lower at 26,827.03 points. Taiwan shares shed 0.3 percent to 9,789.15 points.



Commodities Recap

Crude Oil prices declined as U.S. crude production quickly approached an unprecedented 12 million barrels per day (bpd). International benchmark Brent crude was trading 0.4 percent down at $61.05 per barrel by 0454 GMT, having hit a high of $62.46 on Friday, its highest since December 7. U.S. West Texas Intermediate was trading 0.6 percent lower at $52.00 a barrel, after rising as high as $53.29 on Friday, its highest since the December 7.

Gold prices eased after rising to a 3-day peak earlier in the session on concerns that the U.S. government shutdown was starting to take a toll on its economy. Spot gold declined 0.1 percent to $1,291.54 per ounce at 0512, having touched a high of $1,298.42 earlier in the month, its highest level since June 15. U.S. gold futures dipped 0.1 percent to $1,292.30 per ounce.









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#422

Post by B0N3 » Fri Jan 18, 2019 6:43 pm

Asia Roundup:
Antipodeans steady on U.S.-China trade deal hopes, greenback near 2-week peak as Treasury yields rise, Asian shares rally –
Friday, January 18th, 2019







Market Roundup

UK in deadlock over Brexit 'Plan B' as May and Corbyn tussle

U.S. Treasury Secretary Mnuchin weighs lifting tariffs on China -WSJ

U.S. Treasury says China trade talks 'nowhere near completion'

China trims 2017 GDP growth rate just before 2018 pace unveiled

Trump cancels U.S. delegation to Davos forum – press secretary

Trump blocks Pelosi trip as tensions mount over U.S. govt shutdown

N.Korea envoy in U.S. for talks with Pompeo, possibly Trump

Former Trump lawyer reconsidering plan to testify to Congress -adviser

Japan Dec CPI, Core Nationwide YY, 0.7%, 0.8% f'cast, 0.9% prev

Japan Dec CPI, Overall Nationwide 0.3%, 0.8% prev

U.S. fund investors put most cash in 'junk' since late 2016 -Lipper

U.S. muni bond funds post $945.9 mln in inflows-Lipper

Foreign CB US debt holdings +$7.635 bln to $3.403 tln Jan 16 week

Treasuries +$5.490 bln to $3.027 tln, agencies +$758 mln to $307.909 bln



Economic Data Ahead

(0430 ET/0930 GMT) Great Britain Dec Retail Sales, -0.8% m/m, 3.6% y/y f'cast, 1.4%, 3.6% prev

(0430 ET/0930 GMT) Great Britain Dec Retail sales Ex Fuel, -0.6% m/m, 3.9% y/y f'cast; 1.2%, 3.8% prev



Key Events Ahead

(0600 ET/1100 GMT) ECB's Sabine Lautenschlager at Risk Management & Supervisory Conference organized by Banking & Payments Federation Ireland in Dublin.

(0905 ET/1405 GMT) Fed's John Williams speaks on the U.S. economic outlook and monetary policy before the New Jersey Bankers Association Economic Leadership Forum in Somerset, New Jersey

(0915 ET/1415 GMT) Federal Reserve issues industrial production for December in Washington D.C.

(1100 ET/1600 GMT) Fed's Patrick Harker speaks on “Business, Equity and the Future of Philadelphia” before event, “The Prosperity Symposium: Economic Mobility Research in Action” in Philadelphia, Pennsylvania



FX Beat

DXY: The dollar index surged, extending gains for the fourth straight session after U.S. Treasury yields rose amid improvement in risk appetite in the broader markets. The greenback against a basket of currencies trades 0.05 at 96.10, having touched a high of 96.26 on Thursday, its highest since Jan. 4. FxWirePro's Hourly Dollar Strength Index stood at 8.70 (Neutral) by 0500 GMT.

EUR/USD: The euro steadied near a 2-week low touched in the previous session, as the European Central Bank is expected to wait until the fourth quarter to raise its deposit rate. The European currency traded flat at 1.1388, having touched a low of 1.1370 on Thursday, its lowest since Jan. 4. FxWirePro's Hourly Euro Strength Index stood at -35.48 (Neutral) 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. industrial production, capacity utilization and FOMC Member William's speech. Immediate resistance is located at 1.1442 (December 10 High), a break above targets 1.1500 (November 7 High). On the downside, support is seen at 1.1356 (December 21 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar rallied to an over 2-week peak, as growing optimism of progress in U.S.-China trade talks supported broader appetite for risk. Chinese Vice Premier Liu He will visit the United States on Jan. 30 and 31 for the next round of trade talks aimed at resolving the trade dispute. The major was trading 0.1 percent up at 109.38, having hit a high of 109.43, its highest since Jan 2. FxWirePro's Hourly Yen Strength Index stood at -118.43 (Highly Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S.industrial production, capacity utilization and FOMC Member William's speech. Immediate resistance is located at 109.68 (Jan. 2 High), a break above targets 110.47 (Dec. 31 High). On the downside, support is seen at 108.44 (Jan. 8 Low), a break below could take it lower at 108.02 (Jan. 7 Low).

GBP/USD: Sterling slightly edged lower after rising to a 2-month peak in the previous session, as Britain's Prime Minister Theresa May repeatedly rejected a second referendum. Markets believe the risks of a hard no-deal Brexit have receded considerably despite the headlines. The major traded 0.1 percent down at 1.2977, having hit a high of 1.3000 on Thursday; it’s highest since November 15. FxWirePro's Hourly Sterling Strength Index stood at 164.90 (Highly Bullish) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3030 (November 15 High), a break above could take it near 1.3107 (November 6 High). On the downside, support is seen at 1.2936 (October 23 Low), a break below targets 1.2879 (November 14 Low). Against the euro, the pound was trading flat at 87.73 pence, having hit a high of 87.63 on Thursday, it’s highest since November 15.

AUD/USD: The Australian dollar consolidated within narrow ranges, as a report of progress in the U.S.-China trade dispute buoyed risk sentiment. The Aussie trades flat at 0.7189, having hit a low of 0.7146 on Thursday; it’s lowest since January 9. FxWirePro's Hourly Aussie Strength Index stood at 94.15 (Slightly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7116 (January 8 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7273 (December 6 High).

NZD/USD: The New Zealand dollar held firm near a 1-week low, on expectations that key inflation data due next week will prove soft enough to fuel speculation of a cut in interest rates. The Kiwi trades flat at 0.6763, having touched a low of 0.6728 on Thursday, its lowest level January 9. FxWirePro's Hourly Kiwi Strength Index was at -31.07 (Neutral) by 0500 GMT. Immediate resistance is located at 0.6809 (Jan.9 High), a break above could take it near 0.6862 (Nov.14 High. On the downside, support is seen at 0.6726 (Jan. 7 Low), a break below could drag it below 0.6707 (Jan. 8 Low).



Equities Recap

Asian shares surged, as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute.

MSCI's broadest of Asia-Pacific shares outside Japan advanced 0.7 percent.

Tokyo's Nikkei rose 1.3 percent to 20,665.95 points, Australia's S&P/ASX 200 index climbed 0.5 percent to 5,879.60 points and South Korea's KOSPI surged 0.7 percent to 2,121.94 points.

Shanghai composite index gained 1.4 percent to 2,595.72 points, while CSI300 index traded 1.8 percent up at 3,166.63 points.

Hong Kong’s Hang Seng traded 1.3 percent higher at 27,078.27 points. Taiwan shares added 0.5 percent to 9,836.06 points.



Commodities Recap

Crude Oil prices rose by 1 percent after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply in December, easing fears about prolonged oversupply. International benchmark Brent crude was trading 1.0 percent up at $61.80 per barrel by 0525 GMT, having hit a high of $61.81, its highest since January 11. U.S. West Texas Intermediate was trading 0.9 percent higher at $52.66 a barrel, after rising as high as $52.75, its highest since the January 11.

Gold prices steadied amid uncertainty around the partial U.S. government shutdown. Spot gold was firm at $1,293.34 per ounce, having touched a high of $1,298.42 earlier in the month, its highest level since June 15. U.S. gold futures were firm at $1,291.60 per ounce









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#423

Post by B0N3 » Mon Jan 21, 2019 6:53 pm

Asia Roundup:
Kiwi eases on soft CPI expectations, yen off lows as weak China GDP stokes risk-off sentiment, Asian shares nudge higher –
Monday, January 21st, 2019







Market Roundup

End 'no-deal brinkmanship' and let's talk, Britain's Corbyn tells May

Don't hijack Brexit, minister warns Britain's parliament

Trump says no amnesty for 'Dreamers,' signals support in broader deal

China should boost banks' active support for economy – c.bank official

China Q4 GDP YY, 6.4%, 6.4% f'cast, 6.5% prev

China Q4 GDP QQ, 1.5%, 1.5% f'cast, 1.6% prev

China 2018 GDP YY 6.6%, 6.6% f'cast, 6.7% prev

China Dec Industrial Output YY, 5.7%, 5.3% f'cast, 5.4% prev

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

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

Japan Jan Reuters Tankan DI, 18, 23 prev



Economic Data Ahead

(0200 ET/0700 GMT) Germany Dec Producer Prices MM, -0.2% f'cast, 0.1% prev

(0200 ET/0700 GMT) Germany Dec Producer Prices YY, 2.9% f'cast, 3.3% prev



Key Events Ahead

No significant event scheduled



FX Beat

DXY: The dollar index declined from a 2-week peak, amid holiday thinned-trading as the U.S. financial markets remained closed on Monday for Martin Luther King Jr. Day. The greenback against a basket of currencies trades 0.1 at 96.25, having touched a high of 96.39 on Friday, its highest since Jan. 4. FxWirePro's Hourly Dollar Strength Index stood at 56.51 (Bullish) by 0500 GMT.

EUR/USD: The euro rebounded from a 2-week low touched in the previous session, as the greenback eased on expectations that the U.S. Federal Reserve will pause its multi-year interest rate hike cycle. The European currency traded 0.1 percent up at 1.1374, having touched a low of 1.1353 on Friday, its lowest since Jan. 4. FxWirePro's Hourly Euro Strength Index stood at 2.82 (Neutral) by 0500 GMT. Investors’ attention will remain on German producer price index, as U.S. markets remain closed on account of Martin L.King's Birthday. Immediate resistance is located at 1.1442 (December 10 High), a break above targets 1.1500 (November 7 High). On the downside, support is seen at 1.1345 (Jan. 4 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar edged down from a 3-week peak after data showed China's economy slowing further in the last quarter of 2018, indicating that the U.S.-China trade friction has already put pressure on the Chinese economy. The major was trading 0.2 percent down at 109.59, having hit a high of 109.88 on Friday, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at -54.95 (Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, as U.S. economic calendar remains absolutely data empty. Immediate resistance is located at 110.47 (Dec. 31 High), a break above targets 111.19 (Dec. 24 High). On the downside, support is seen at 108.70 (Jan. 2 Low), a break below could take it lower at 108.44 (Jan. 8 Low).

GBP/USD: Sterling steadied after easing from a 2-month peak in the previous session on weaker-than-expected British retail sales that confirmed a slowdown in consumer spending as Brexit deadline looms. The major traded flat at 1.2870, having hit a high of 1.3000 on Thursday; it’s highest since November 15. FxWirePro's Hourly Sterling Strength Index stood at 73.50 (Bullish) 0500 GMT. Immediate resistance is located at 1.2929 (January 14 High), a break above could take it near 1.3030 (November 15 High). On the downside, support is seen at 1.2818 (January 14 Low), a break below targets 1.2764 (November 21 Low). Against the euro, the pound was trading 0.2 percent down at 88.39 pence, having hit a high of 87.63 on Thursday, it’s highest since November 15.

AUD/USD: The Australian dollar gained, despite China's economic growth data coming in below previous quarter reading, confirming fears the Chinese economy was losing momentum. The Aussie trades 0.2 percent up at 0.7173, having hit a low of 0.7146 on Thursday; it’s lowest since January 9. FxWirePro's Hourly Aussie Strength Index stood at -35.35 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7116 (January 8 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7273 (December 6 High).

NZD/USD: The New Zealand dollar slumped to a 2-week low, as investors expect New Zealand's inflation data due Wednesday to ease at the end of last year, adding to growing speculation the central bank may be forced to cut interest rates later in 2019. The Kiwi trades 0.2 percent down at 0.6730, having touched a low of 0.6714 earlier, its lowest level January 8. FxWirePro's Hourly Kiwi Strength Index was at -125.71 (Highly Bearish) by 0500 GMT. Immediate resistance is located at 0.6809 (Jan.9 High), a break above could take it near 0.6862 (Nov.14 High. On the downside, support is seen at 0.6707 (Jan. 8 Low), a break below could drag it below 0.6671 (Jan. 4 Low).



Equities Recap

Asian shares edged higher despite data out from China showed the economy slowed at the end of last year, underlining the urgent need for more stimulus.

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

Tokyo's Nikkei rose 0.3 percent to 20,719.33 points, Australia's S&P/ASX 200 index climbed 0.2 percent to 5,890.40 points and South Korea's KOSPI declined 0.05 percent to 2,124.23 points.

Shanghai composite index gained 0.4 percent to 2,606.00 points, while CSI300 index traded 0.3 percent up at 3,178.90 points.

Hong Kong’s Hang Seng traded 0.3 percent higher at 27,173.34 points. Taiwan shares shed 0.5 percent to 9,889.40 points.



Commodities Recap

Crude Oil prices rallied to their highest for 2019 after data showed refinery processing in China climbed to a record in 2018, despite a slowing economy last year. International benchmark Brent crude was trading 0.4 percent up at $62.92 per barrel by 0452 GMT, having hit a high of $63.05, its highest since December 7. U.S. West Texas Intermediate was trading 0.4 percent higher at $54.00 a barrel, after rising as high as $52.13, its highest since the December 11.

Gold prices held firm as expectations that the U.S. Federal Reserve will pause its multi-year interest rate hike cycle, were offset by a recovery in investor risk appetite. Spot gold was trading flat at $1,281.29 per ounce by 0458 GMT, having touched a low of $1,280.54 on Friday, its highest level since June 15. U.S. gold futures were steady at $1,282 per ounce.









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#424

Post by B0N3 » Tue Jan 22, 2019 7:20 pm

Asia Roundup:
Aussie eases on China's economic outlook concerns, yen gains after IMF cuts global growth projections, Asian shares plunge –
Tuesday, January 22nd, 2019







Market Roundup

IMF, CEOs sound warnings as leaders gather in Davos

PM May tries to tweak defeated Brexit plan, refuses to rule out no-deal

Democratic U.S. Sen. Kamala Harris jumps into 2020 White House race

Japan firms wary of boosting investment amid intensifying trade war – poll

U.S. to formally seek extradition of Huawei exec Meng Wanzhou – Globe And Mail

China state planner warns economic pressure will hit job market



Economic Data Ahead

(0430 ET/0930 GMT) Great Britain Nov ILO Unemployment Rate, 4.1% f'cast, 4.1% prev

(0430 ET/0930 GMT) Great Britain Nov Employment Change, 85k f'cast, 79k prev

(0430 ET/0930 GMT) Great Britain Nov Avg Earnings (Ex-Bonus), 3.3% f'cast, 3.3% prev

(0500 ET/1000 GMT) Germany Jan ZEW Economic Sentiment, -18.4 f'cast, -17.5 prev

(0500 ET/1000 GMT) Germany Jan ZEW Current Conditions, 43.5 f'cast, 45.3 prev



Key Events Ahead

(0830 ET/1330 GMT) Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for January in Philadelphia, United States

NA ECB Vice President Luis de Guindos participates in ECOFIN meeting in Brussels, Belgium.



FX Beat

DXY: The dollar index edged higher after the International Monetary Fund cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the eurozone. The greenback against a basket of currencies trades 0.1 percent up at 96.38, having touched a high of 96.43 on Monday, its highest since Jan. 4. FxWirePro's Hourly Dollar Strength Index stood at 118.13 (Highly Bullish) by 0500 GMT.

EUR/USD: The euro eased, as growth in Germany and France languished and inflation remains weak, while the European Central Bank is widely expected to maintain an accommodative mode for this year. The European currency traded 0.05 percent down at 1.1358, having touched a low of 1.1353 on Friday, its lowest since Jan. 4. FxWirePro's Hourly Euro Strength Index stood at -35.04 (Neutral) by 0500 GMT. Investors’ attention will remain on German ZEW survey and Eurozone economic sentiment, ahead of the U.S. existing home sales. Immediate resistance is located at 1.1402 (December 18 High), a break above targets 1.1442 (December 10 High). On the downside, support is seen at 1.1345 (Jan. 4 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar declined, extending previous session losses, as a slowdown in China's economy to 28-year lows stoked fresh worries over global growth and prompted investors to rush into safe-haven assets. The major was trading 0.2 percent down at 109.43, having hit a high of 109.88 on Friday, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at 11.38 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. existing home sales. Immediate resistance is located at 110.47 (Dec. 31 High), a break above targets 111.19 (Dec. 24 High). On the downside, support is seen at 108.70 (Jan. 2 Low), a break below could take it lower at 108.44 (Jan. 8 Low).

GBP/USD: Sterling eased, reversing some of its previous gains, as British Prime Minister Theresa May refused to rule out a no-deal Brexit. The major traded 0.2 percent down at 1.2872, having hit a high of 1.3000 on Thursday; it’s highest since November 15. FxWirePro's Hourly Sterling Strength Index stood at 85.59 (Slightly Bullish) 0500 GMT. Immediate resistance is located at 1.2929 (January 14 High), a break above could take it near 1.3030 (November 15 High). On the downside, support is seen at 1.2818 (January 14 Low), a break below targets 1.2764 (November 21 Low). Against the euro, the pound was trading 0.1 percent down at 88.22 pence, having hit a high of 87.63 on Thursday, it’s highest since November 15.

AUD/USD: The Australian dollar slumped to a 2-week low, as concerns about the outlook for Chinese, and global growth dented investor risk sentiment. The Aussie trades 0.3 percent down at 0.7138, having hit a low of 0.7133 earlier; it’s lowest since January 8. FxWirePro's Hourly Aussie Strength Index stood at -104.09 (Highly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7116 (January 8 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7273 (December 6 High).

NZD/USD: The New Zealand dollar plunged, extending losses for the seventh straight session, as speculators bet that consumer prices data due on Wednesday will be weak enough to narrow the odds on a policy easing from the Reserve Bank of New Zealand. The Kiwi trades 0.1 percent down at 0.6724, having touched a low of 0.6713 on Monday, its lowest level January 8. FxWirePro's Hourly Kiwi Strength Index was at -18.83 (Neutral) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6809 (Jan.9 High), a break above could take it near 0.6862 (Nov.14 High. On the downside, support is seen at 0.6707 (Jan. 8 Low), a break below could drag it below 0.6671 (Jan. 4 Low).



Equities Recap

Asian shares slumped, as pessimism about world growth sent investors seeking safety in safe-haven assets.

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

Tokyo's Nikkei declined 0.5 percent to 20,622.91 points, Australia's S&P/ASX 200 index plunged 0.5 percent to 5,858.80 points and South Korea's KOSPI slumped 0.4 percent to 2,115.81 points.

Shanghai composite index fell 1.3 percent to 2,576.17 points, while CSI300 index traded 1.4 percent down at 3,139.83 points.

Hong Kong’s Hang Seng traded 1.1 percent lower at 26,886.19 points. Taiwan shares added0.05 percent to 9,894.66 points.



Commodities Recap

Crude Oil prices declined as signs of a spreading global economic slowdown stoked concerns over future fuel demand. International benchmark Brent crude was trading 0.9 percent down at $62.22 per barrel by 0452 GMT, having hit a high of $63.12 on Monday, its highest since December 7. U.S. West Texas Intermediate was trading 0.4 percent lower at $53.71 a barrel, after rising as high as $54.30 earlier, its highest since the December 7.

Gold prices edged lower, hovering near 3-week lows touched in the previous session, as the greenback surged amid concerns about a global slowdown. Spot gold was 0.2 percent down at $1,277.80 per ounce by 0454 GMT, having touched a low of $1,276.63 on Monday, its lowest level since Jan. 4. U.S. gold futures fell 0.4 percent to $1,277.20 per ounce.








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#425

Post by B0N3 » Thu Jan 24, 2019 8:01 pm

Asia Roundup:
Aussie at 3-week low after NAB hikes mortgage rates, yen rallies amid global growth and trade war concerns, Asian shares nudge lower –
Thursday, January 24th, 2019







Market Roundup

Trump says will wait till shutdown over to make state of union address

ECB to acknowledge weak growth but keep policy unchanged

U.S. gov't shutdown to crimp growth, recession risk steady – poll

BoE's Haldane sees higher rates if UK economy 'ticks along' -Daily Mail

China says it can achieve sustainable economic growth

National Australia Bank raises mortgage rates, cites cost pressures

Maduro rival Guaido claims Venezuela presidency with U.S. backing

Japan Jan Nikkei Mfg PMI Flash, 50.0, 52.6 prev

Australia Jan Manufacturing PMI, 54.3 f'cast, 53.7 prev

Australia Jan Services PMI, 51.0 f'cast, 52.2 prev

Australia Dec Employment, 21.6k, 16.5k f'cast, 37.0k prev

Australia Dec Unemployment Rate, 5.0%, 5.1% f'cast, 5.1% prev



Economic Data Ahead

(0315 ET/0815 GMT) France Jan Markit Mfg Flash PMI, 49.9 f'cast, 49.7 prev

(0315 ET/0815 GMT) France Jan Markit Serv Flash PMI, 50.5f'cast, 49.0 prev

(0315 ET/0815 GMT) France Jan Markit Comp Flash PMI, 51.0 f'cast, 48.7 prev

(0330 ET/0830 GMT) Germany Jan Markit Mfg Flash PMI, 51.3 f'cast, 51.5 prev

(0330 ET/0830 GMT) Germany Jan Markit Mfg Service Flash PMI, 52.1 f'cast, 51.8 prev

(0330 ET/0830 GMT) Germany Jan Markit Comp Flash PMI, 51.9 f'cast, 51.6 prev

(0400 ET/0900 GMT) EZ Jan Markit Mfg Flash PMI, 51.4 f'cast, 51.4 prev

(0400 ET/0900 GMT) EZ Jan Markit Serv Flash PMI, 51.5 f'cast, 51.2 prev

(0400 ET/0900 GMT) EZ Jan Markit Comp Flash PMI, 51.4 f'cast, 51.1 prev



Key Events Ahead

(0400 ET/0900 GMT) Norway Central Bank announces interest rate decision in Oslo

(0500 ET/1000 GMT) Bank of England Governor Mark Carney speaks at the World Economic Forum event titled “Shaping the Future of Finance” in Davos, Switzerland.

(0745 ET/1245 GMT) ECB rate decision

(0830 ET/1330 GMT) ECB President Mario Draghi holds a press conference after the interest rate meeting in Frankfurt.

(0830 ET/1330 GMT) Sweden Riksbank Deputy Governor Cecilia Skingsley participates in a panel discussion at the World Economic Forum titled “Monetary policy on the back of ECB”in Davos, Switzerland.

(1030 ET/1530 GMT) Bank of England Governor Mark Carney speaks at the World Economic Forum event titled “Resetting Financial Governance” in Davos, Switzerland.

NA Bank of Lithuania holds monetary policy meeting of the ECB governing council in Vilnius

NA Roundtable with Tobias Adrian, director of the Monetary and Capital Markets Department, IMF in New York.

NA Roundtable with Nathalie Aufauvre, director general for Financial Stability and Operations, Bank of France, in New York.

NA Governing Council of the ECB holds monetary policy meeting in Frankfurt



FX Beat

DXY: The dollar index tumbled, extending losses for the fourth straight session, amid increasing uncertainty over the partial U.S. government shutdown. The greenback against a basket of currencies trades down at 96.10, having touched a low of 96.04, its lowest since Jan. 18. FxWirePro's Hourly Dollar Strength Index stood at -11.32 (Neutral) by 0500 GMT.

EUR/USD: The euro surged, extending previous session gains, as investors await the European Central Bank's monetary policy announcement later in the day, where it is all but certain to keep policy unchanged. The European currency traded 0.05 percent up at 1.1387, having touched a low of 1.1336 on Tuesday, its lowest since Jan. 3. FxWirePro's Hourly Euro Strength Index stood at 35.05 (Neutral) by 0400 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, EZ prelim Markit PMI's and ECB policy decision, ahead of the U.S. flash Markit PMI's and Senate's vote on the government shutdown. Immediate resistance is located at 1.1402 (December 18 High), a break above targets 1.1442 (December 10 High). On the downside, support is seen at 1.1353 (Jan. 18 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar declined, as concerns over global growth, a U.S. government shutdown and U.S.-China trade talks dented investor risk sentiment. U.S. Republican Senate Majority Leader Mitch McConnell stated that he plans to hold a vote on a Democratic proposal that would fund the government for three weeks. The major was trading 0.1 percent down at 109.52, having hit a high of 109.99 on Wednesday, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at -33.63 (Neutral) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. flash Markit PMI's and Senate's vote on the government shutdown. Immediate resistance is located at 110.47 (Dec. 31 High), a break above targets 111.19 (Dec. 24 High). On the downside, support is seen at 108.70 (Jan. 2 Low), a break below could take it lower at 108.44 (Jan. 8 Low).

GBP/USD: Sterling rallied to a 2-1/2 month peak as investors speculate that a no-deal Brexit can be avoided if parliament exercises greater control over the process. On Wednesday, Britain's opposition Labour Party stated that it would back an attempt by lawmakers to prevent a disorderly no-deal Brexit. The major traded 0.05 percent up at 1.3071, having hit a high of 1.3094 earlier; it’s highest since November 8. FxWirePro's Hourly Sterling Strength Index stood at 108.39 (Highly Bullish) 0400 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3132 (October 8 High), a break above could take it near 1.3174 (November 7 High). On the downside, support is seen at 1.3021 (November 6 Low), a break below targets 1.2964 (November 5 Low). Against the euro, the pound was trading flat at 87.08 pence, having hit a high of 86.96, it’s highest since November 14.

AUD/USD: The Australian dollar slumped to a near 3-week low after National Australia Bank joined the other major banks to raise mortgage rates by 12bp to 16bp across its product range, in response to higher funding costs. The Aussie trades 0.4 percent down at 0.7106, having hit a low of 0.7106 earlier; it’s lowest since January 4. FxWirePro's Hourly Aussie Strength Index stood at -165.00 (Highly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7085 (December 20 Low), a break below targets 0.7021 (October 26 Low). On the upside, resistance is located at 0.7180 (January 21 High), a break above could take it near 0.7246 (December 13 High).

NZD/USD: The New Zealand dollar retreated from a 1-week peak touched earlier in the session, as worries about weakening global economic growth left investors wary of riskier assets. The Kiwi trades 0.2 percent down at 0.6775, having touched a high of 0.6806, its highest level January 16. FxWirePro's Hourly Kiwi Strength Index was at 132.70 (Highly Bullish) by 0400 GMT. Immediate resistance is located at 0.6862 (Nov.14 High), a break above could take it near 0.6911 (Dec. 11 High). On the downside, support is seen at 0.6726 (Jan. 7 Low), a break below could drag it below 0.6706 (Jan. 22 Low).



Equities Recap

Asian shares edged lower, weighed down by uncertainty over the prolonged U.S. government shutdown, slowing global economic growth and the unresolved trade dispute between the United States and China.

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

Tokyo's Nikkei declined 0.2 percent to 20,555.38 points, Australia's S&P/ASX 200 index surged 0.4 percent to 5,865.70 points and South Korea's KOSPI rallied 0.4 percent to 2,137.23 points.

Shanghai composite index gained 0.3 percent to 2,589.53 points, while CSI300 index traded 0.4 percent up at 3,153.55 points.

Hong Kong’s Hang Seng traded 0.2 percent higher at 27,062.64 points. Taiwan shares aded 0.3 percent to 9,877.12 points.



Commodities Recap

Crude Oil prices eased amid lingering concerns over slowing global economic growth that may limit fuel demand and following an unexpected build in U.S. crude inventories. International benchmark Brent crude was trading 0.03 percent down at $60.91 per barrel by 0425 GMT, having hit a high of $63.12 on Monday, its highest since December 7. U.S. West Texas Intermediate was trading 0.1 percent higher at $52.42 a barrel, after rising as high as $54.30 on Tuesday, its highest since the December 5.

Gold prices steadied, as the greenback weakened amid growing uncertainty over prolonged U.S. government shutdown and slowing global growth. Spot gold was trading flat at $1,2 82.505 per ounce by 0429 GMT, having touched a low of $1,276.69 on Monday, its lowest level since Jan. 4. U.S. gold futures were steady at $1,283.80 per ounce.








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#426

Post by B0N3 » Thu Jan 24, 2019 8:02 pm

Europe Roundup
Sterling off 2-1/2 month peak amid persisting Brexit concerns, euro eases as investors’ eye ECB policy meeting outcome, European shares rally – Thursday, January 24th, 2019







Market Roundup

Eurozone Jan 2019 Markit service flash PMI decrease to 50.8 diff.idx (forecast 51.5 diff.idx) vs previous 51.2 diff.idx

Eurozone Jan 2019 Markit composite flash PMI decrease to 50.7 diff.idx (forecast 51.4 diff.idx) vs previous 51.1 diff.idx

Eurozone Jan 2019 Markit manufacturing flash PMI decrease to 50.5 diff.idx (forecast 51.4 diff.idx) vs previous 51.4 diff.idx

Germany Jan 2019 Markit composite flash PMI increase to 52.1 diff.idx (forecast 51.9 diff.idx) vs previous 51.6 diff.idx

Germany Jan 2019 Markit service flash PMI increase to 53.1 diff.idx (forecast 52.1 diff.idx) vs previous 51.8 diff.idx

Germany Jan 2019 Markit manufacturing flash PMI decrease to 49.9 diff.idx (forecast 51.3 diff.idx) vs previous 51.5 diff.idx

France Jan 2019 Markit manufacturing flash PMI increase to 51.2 diff.idx (forecast 49.9 diff.idx) vs previous 49.7 diff.idx

France Jan 2019 Markit composite flash PMI decrease to 47.9 diff.idx (forecast 51 diff.idx) vs previous 48.7 diff.idx

France Jan 2019 Markit service flash PMI decrease to 47.5 diff.idx (forecast 50.5 diff.idx) vs previous 49 diff.idx

Italy Dec 2018 flash trade balance non-EU increase to 4.28 eur vs previous 3.35 eur



Economic Data Ahead

(0745 ET/1245 GMT) The European Central Bank will announce its interest rate decision.

(0830 ET/1330 GMT) The number of Americans filing for unemployment benefits is likely to have increased by 7,000 to a seasonally adjusted 222,000 for the week ended Jan. 18, while continuing claims for the week ended Jan. 11 is expected to decline to 1.735 million from a previous reading of 1.737 million.

(0945 ET/1445 GMT) Financial firm Markit releases U.S. preliminary Manufacturing PMI for the month of January. The index is likely edged down to 53.5 after posted a final reading of 53.8 in the previous month.

(0945 ET/1445 GMT) Financial firm Markit Economics is likely to report that preliminary U.S. service PMI business activity index eased to 54.1 in January after printing a final reading of 54.4 in December.

(0945 ET/1445 GMT) Markit Economics will release preliminary U.S. composite PMI for the month of January. The index posted a final reading of 54.4 in the prior month.

(1030 ET/1530 GMT) The Energy Information Administration (EIA) reports its Natural Gas Storage for the week ending January 18.

(1030 ET/1530 GMT) The Energy Information Administration (EIA) reports its Crude Oil Stocks for the week ending January 18.



Key Events Ahead

(0830 ET/1330 GMT) ECB President Mario Draghi holds a press conference after the interest rate meeting in Frankfurt.

(0830 ET/1330 GMT) Sweden Riksbank Deputy Governor Cecilia Skingsley participates in a panel discussion at the World Economic Forum titled “Monetary policy on the back of ECB”in Davos, Switzerland.

(1030 ET/1530 GMT) Bank of England Governor Mark Carney speaks at the World Economic Forum event titled “Resetting Financial Governance” in Davos, Switzerland.

NA Bank of Lithuania holds monetary policy meeting of the ECB governing council in Vilnius

NA Roundtable with Tobias Adrian, director of the Monetary and Capital Markets Department, IMF in New York.

NA Roundtable with Nathalie Aufauvre, director general for Financial Stability and Operations, Bank of France, in New York.

NA Governing Council of the ECB holds monetary policy meeting in Frankfurt



FX Beat

DXY: The dollar index rebounded from a near 1-week low, as the euro eased on expectations the ECB will remain dovish, while sterling retreated from recent highs amid persisting Brexit worries. The greenback against a basket of currencies trades 0.3 percent up at 96.35, having touched a low of 96.04 earlier, its lowest since Jan. 18. FxWirePro's Hourly Dollar Strength Index stood at 7.83 (Neutral) by 0900 GMT.

EUR/USD: The euro slumped, hovering towards a 2-1/2 week low touched earlier in the week, as investors anxiously await the European Central Bank's monetary policy announcement later in the day, where policymakers may express caution about slowing economic growth. The ECB is all but certain to keep policy unchanged and likely to reaffirm its plan to raise interest rates by the end of the year. The European currency traded 0.3 percent down at 1.1343, having touched a low of 1.1336 on Tuesday, its lowest since Jan. 3. FxWirePro's Hourly Euro Strength Index stood at -43.73 (Neutral) by 0900 GMT. Immediate resistance is located at 1.1402 (December 18 High), a break above targets 1.1442 (December 10 High). On the downside, support is seen at 1.1353 (Jan. 18 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar edged up against the Japanese yen after a preliminary business survey showed that Japan's manufacturing growth stalled in January as export orders declined at the fastest pace in 2-1/2 years and companies reduced production. However, the upside remains capped amid concerns over the prolonged U.S. government shutdown and slowing global growth worries. The major was trading 0.1 percent up at 109.70, having hit a high of 109.99 on Wednesday, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at -44.99 (Neutral) by 0900 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims, flash Markit PMI's and Senate's vote on the government shutdown. Immediate resistance is located at 110.47 (Dec. 31 High), a break above targets 111.19 (Dec. 24 High). On the downside, support is seen at 108.70 (Jan. 2 Low), a break below could take it lower at 108.44 (Jan. 8 Low).

GBP/USD: Sterling eased after rising to a 2-1/2 month peak earlier in the session on growing optimism that British lawmakers would be able to avoid a no-deal Brexit. The major traded 0.1 percent down at 1.3051, having hit a high of 1.3094; it’s highest since November 8. FxWirePro's Hourly Sterling Strength Index stood at 95.18 (Slightly Bullish) 0900 GMT. Immediate resistance is located at 1.3132 (October 8 High), a break above could take it near 1.3174 (November 7 High). On the downside, support is seen at 1.3021 (November 6 Low), a break below targets 1.2964 (November 5 Low). Against the euro, the pound was trading 0.2 percent up at 86.91 pence, having hit a high of 86.88, it’s highest since November 14.

USD/CHF: The Swiss franc edged up to a near 1-week peak, amid concerns over global growth, the U.S. government shutdown and U.S.-China trade dispute. The major trades 0.05 percent down at 0.9940, having touched a high of 0.9990 on Wednesday; it’s highest since December 5. FxWirePro's Hourly Swiss Franc Strength Index stood at -4.50 (Neutral) by 0900 GMT. On the higher side, near-term resistance is around 1.0008 (December 5 High) and any break above will take the pair to next level till 1.0026 (October 26 High). The near-term support is around 0.9917 (December 17 Low), and any close below that level will drag it till 0.9889 (December 7 Low).



Equities Recap

European Shares rallied as markets expect the European Central Bank at the end of its policy meet to reiterate that an interest rate hike is likely late this year.

The pan-European STOXX 600 index gained 0.4 percent at 356.27 points, while the FTSEurofirst 300 index surged 0.4 percent to 1,400.01 points.

Britain's FTSE 100 trades 0.1 percent down at 6,836.98 points, while mid-cap FTSE 250 gained 0.2 to 18,625.12 points.

Germany's DAX rose 0.5 percent at 11,131.10 points; France's CAC 40 trades 0.5 percent higher at 4,866.44 points.













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#427

Post by B0N3 » Fri Jan 25, 2019 7:31 pm

Asia Roundup:
Japanese yen trades marginally lower after CPI, core CPI data; Asian markets noticeably up, gold stabilizes above $1,280 mark –
Friday, January 25, 2019







Market Roundup

DUP privately agree to support PM May's ‘Plan B’ Brexit deal -The Sun.

Global economy in real danger if U.S.-China trade war escalates – poll.

Global shipping rates slump in latest sign of economic slowdown.

Senate seeks solution to open U.S. government, Trump insists on wall.

'Get a loan,' U.S. Commerce chief tells unpaid federal workers.

U.S., China 'miles and miles' from trade deal – Ross.

Tokyo Jan CPI Ex fresh food YY, 0.9%, 0.9% forecast, 1.1% previous.

Tokyo Jan CPI, Overall, 0.3% forecast, 0.4% previous.

U.S.-based emerging market stock funds attract most cash since Jan 2018 – Lipper.

U.S. muni bond funds post $834.4 mln in inflows – Lipper.

Foreign CB US debt holdings +5,182 bln to 3,408 tln Jan 23 week.

Treasuries -$436 mln to $3.027 tln, agencies +$4,192 bln to $312,101 bln.



Economic Data Ahead

(0400 ET/0900 GMT) Germany Jan IFO Business Climate New, 100.6 forecast, 101.0 previous.

(0400 ET/0900 GMT) Germany Jan IFO Current Conditions New, 104.2 forecast, 104.7 previous.

(0400 ET/0900 GMT) Germany Jan IFO Expectations New, 97.0 forecast, 97.3 previous.



Key Events Ahead

(0300 ET/0800 GMT) Riksbank executive board meeting in Stockholm.

N/A ECB Executive Board member Benoit Coeure participates in the World Economic Forum in Davos, Switzerland.

N/A World Economic Forum annual meeting (final day) in Davos, Switzerland.



FX Beat

USD: The dollar index, a gauge of its value versus six major peers, was up a little at 96.52.

EUR/USD: The euro was off a touch at $1.1304, languishing near its mid-December lows, and analysts see more pressure as monetary policy is expected to remain accommodative in the euro area over this year. It made intraday high at $1.1326 and low at $1.1300 mark. A consistent close below $1.1305 will drag the parity down towards key supports around $1.1270, $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively.

USD/JPY: The safe-haven yen trades almost flat against U.S dollar and currently trading around 109.75 marks. It made intraday high at 109.87 and low at 109.51 levels. A sustained close above 109.76 is required to take the parity higher towards key resistances around 110.48, 111.40, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 109.36 will drag the parity down towards key support around 107.50 and 104.20 marks respectively.

GBP/USD: The Sterling rallied to its early November highs against the dollar on Friday after The Sun reported that Northern Ireland's Democratic Unionist Party has privately decided to offer conditional backing for Prime Minister Theresa May's Brexit deal next week. The sterling has been under pressure over recent weeks on the Brexit uncertainty, a period in which growing pessimism over the global economy pushed investors toward the safe-haven dollar. Pair made intraday high at $1.3138 and low at $1.3056 mark. A sustained close below $1.3062 requires for dragging the parity down towards key support around $1.2857 mark. On the other side, key resistances are seen at $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar was on the defensive on Friday at the end of a tough week as concerns swirled over Sino-U.S. trade talks and global growth, while investors also pondered the possibility of rate cuts at home. The Aussie dollar was pinned at $0.7086, having been as low as $0.7077 at one stage. It was down 1 percent on the week so far and threatening old support around $0.7020. The pair made intraday high at $0.7113 and low at $0.7075 levels. A consistent close above $0.7140 requires for upside rally.

NZD/USD: The New Zealand dollar was faring better at $0.6768 and actually up 0.2 percent on the week so far. A sustained close below $0.6729 requires for the downside rally. Alternatively, key resistance was seen at $0.6830 mark.



Commodities Recap

Crude Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela's crude exports as Caracas descends further into political and economic turmoil. International Brent crude oil futures were at $61.89 a barrel at 0246 GMT, 80 cents, or 1.3 percent, above their last close. U.S. West Texas Intermediate (WTI) crude futures were at $53.90 per barrel, up 77 cents, or 1.5 percent.

Gold prices held steady on Friday, supported by worries over a slowing global economy and a prolonged U.S. government shutdown, but the safe-haven metal's gains were capped by a strong technical resistance and a firmer U.S. dollar. Spot gold was firm at $1,280.66 per ounce, as of 0059 GMT, while U.S. gold futures were steady at $1,279.90 per ounce.








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#428

Post by B0N3 » Mon Jan 28, 2019 7:14 pm

Asia Roundup:
Antipodeans at multi-week peaks, yen rallies as investor expect Fed to maintain dovish stance, Asian shares surge –
Monday, January 28th, 2019







Market Roundup

'Get a grip on Brexit', businesses tell UK's quarrelling politicians

Ireland says 'no change' to Brexit backstop

Britain's May privately told ministers she will rule out no deal Brexit -The Sun

Trump doubts lawmakers can reach acceptable border security deal

BOJ minutes show disagreement over level of bond yields

U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska

China Dec Industrial profit YTD, 10.3%, 11.8% prev

China Dec Industrial profit YY, -1.90%, -1.80% prev



Economic Data Ahead

(0400 ET/0900 GMT) EZ Dec Money-M3 Annual Growth, 3.8% f'cast, 3.7% prev

(0400 ET/0900 GMT) EZ Dec Loans to Non-Fin, 4.0% prev



Key Events Ahead

N/A ECB's Ewald Nowotny and other central bankers attend fintech conference

(0630 ET/1130 GMT) Riksbank's Kerstin af Jochnick speaks on forthcoming normalization of monetary policy – Stockholm

(0900 ET/1400 GMT) Introductory statement by ECB's Mario Draghi at ECON Hearing of the European Parliament – Brussels

(1030 ET/1530 GMT) Fed Dallas's issues January Manufacturing Outlook Survey – Dallas




FX Beat

DXY: The dollar index plunged to a near 2-week low on speculation that Federal Reserve Chairman Jerome Powell will take a more cautious approach on further monetary tightening at the FOMC meeting between Jan 29-30. The greenback against a basket of currencies trades down at 95.79, having touched a low of 95.67, its lowest since Jan. 15. FxWirePro's Hourly Dollar Strength Index stood at -54.61 (Bearish) by 0600 GMT.

EUR/USD: The euro rallied to a near 2-week peak as the greenback slumped on expectations Fed will keep rates steady this year given the state of economic growth outside the U.S. The European currency traded 0.1 percent up at 1.1411, having touched a high of 1.1425, its highest since Jan. 15. FxWirePro's Hourly Euro Strength Index stood at -23.24 (Neutral) by 0600 GMT. Investors’ attention will remain on a series of data from the Eurozone M3 money supply and ECB President Draghi's speech, ahead of the U.S. Dallas Fed Manufacturing business index. Immediate resistance is located at 1.1442 (December 10 High), a break above targets 1.1484 (December 4 High). On the downside, support is seen at 1.1370 (Jan. 17 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar slumped to a 6-day low, as investors turned their attention to this week's Federal Reserve policy meeting, where policymakers are likely to signal a pause in their tightening, while Chairman Jerome Powell in the presser is widely expected to acknowledge growing risks to the U.S. economy as global momentum weakens. The major was trading 0.2 percent down at 109.34, having hit a low of 109.26, its lowest since January 22. FxWirePro's Hourly Yen Strength Index stood at 23.66 (Neutral) by 0600 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. Dallas Fed Manufacturing business index. Immediate resistance is located at 109.88 (Jan. 18 High), a break above targets 110.47 (Dec. 31 High). On the downside, support is seen at 108.70 (Jan. 2 Low), a break below could take it lower at 108.44 (Jan. 8 Low).

GBP/USD: Sterling steadied near a near 3-1/2 month peak touched in the previous session, on growing optimism that Britain will avoid a no-deal Brexit. On Friday, a newspaper report that hat Northern Ireland's Democratic Unionist Party had privately decided to offer conditional backing for British Prime Minister Theresa May's Brexit deal. The major traded flat at 1.3192, having hit a high of 1.3217 on Friday; it’s highest since October 16. FxWirePro's Hourly Sterling Strength Index stood at 51.43 (Bullish) 0600 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3257 (October 12 High), a break above could take it near 1.3298 (September 20 High). On the downside, support is seen at 1.3082 (October 15 Low), a break below targets 1.3021 (November 6 Low). Against the euro, the pound was trading 0.1 percent down at 86.49 pence, having hit a high of 86.16, it’s highest since May 2017.

AUD/USD: The Australian dollar advanced to a 10-day peak despite domestic financial markets shut for their 'Australia Day' holiday. The Aussie trades 0.2 percent up at 0.7190, having hit a high of 0.7203 earlier; it’s highest since January 18. FxWirePro's Hourly Aussie Strength Index stood at -10.18 (Neutral) by 0600 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7139 (Jan. 21 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7300 (November 20 High).

NZD/USD: The New Zealand dollar climbed to a 1-1/2 month peak, as the greenback eased amid heightened worries over slowing global growth and a still unresolved U.S.-China trade war. The Kiwi trades 0.3 percent up at 0.6859, having touched a high of 0.6872 earlier, its highest level January 18. FxWirePro's Hourly Kiwi Strength Index was at 64.56 (Bullish) by 0600 GMT. Immediate resistance is located at 0.6911 (Dec. 11 High), a break above could take it near 0.69444 (Dec. 5 High). On the downside, support is seen at 0.67299 (Jan. 15 Low), a break below could drag it below 0.6726 (Jan. 7 Low).


Equities Recap

Asian shares gained, as investor risk sentiment revived after a deal was announced to reopen the U.S. government following a prolonged shutdown.

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

Tokyo's Nikkei declined 0.6 percent to 20,649.00 points, South Korea's KOSPI rallied 0.05 percent to 2,178.87 points

Shanghai composite index fell 0.2 percent to 2,597.72 points, while CSI300 index traded 0.05 percent down at 3,184.40 points.

Hong Kong’s Hang Seng traded 0.2 percent lower at 27,528.75 points. Taiwan shares aded 0.5 percent to 10,013.33 points.



Commodities Recap

Crude Oil prices declined after U.S. energy firms added rigs for the first time this year in a sign that crude production there may rise further. International benchmark Brent crude was trading 0.8 percent down at $60.97 per barrel by 0555 GMT, having hit a high of $63.12 last week, its highest since December 7. U.S. West Texas Intermediate was trading 0.8 percent lower at $53.07 a barrel, after rising as high as $54.30 on Tuesday, its highest since the December 5.

Gold prices rose to a 7-month peak on hopes the U.S. Federal Reserve will keep interest rates unchanged during its two-day policy meeting later in the week. Spot gold traded flat at $1,302.58 per ounce by 0559 GMT, having touched a high of $1,304.33 earlier, its highest level since June 14. U.S. gold futures climbed 0.3 percent to $1,301.90 per ounce.








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#429

Post by B0N3 » Tue Jan 29, 2019 7:35 pm

Asia Roundup:
Aussie eases as business conditions deteriorate, yen rallies as U.S.-China trade tensions mount, Asian shares slump –
Tuesday, January 29th, 2019







Market Roundup

UK PM May asks lawmakers to send a message to Brussels on Brexit deal

U.S. shutdown costs pegged at $3 bln as government reopens

Japan cuts view of exports as U.S.-China trade war hurts trade

U.S. sanctions Venezuelan state oil firm, escalating pressure on Maduro

U.S. charges China's Huawei with conspiring to violate Iran sanctions

Canada receives formal U.S. extradition request for Huawei CFO -CBC

U.S.' Mnuchin expects progress in 'complicated' China trade talks

New Zealand vows to shake up financial industry after report slams life insurers

Australia to keep banks' extra capital buffer at zero for now

Australia Dec NAB Business Conditions, 2, 11 prev

Australia Dec NAB Business Confidence, 3, 3 prev



Economic Data Ahead

(0245 ET/0745 GMT) France Jan Consumer Confidence, 88 f'cast, 87 prev



Key Events Ahead

N/A Fed's FOMC starts its two-day meeting on interest rates

N/A ECB's Ewald Nowotny and other central bankers attend fintech conference – Vienna

N/A Bank of Lithuania's Marius Jurgilas participates at FinTech conference – Paris

N/A Riksbank Governor's Stefan Ingves participates in panel discussion on fintech with IMF's Christine Lagarde – Paris

(0330 ET/0830 GMT) Swedish central bank's Martin Floden talks about Swedish economy and monetary policy

(0530 ET/1030 GMT) ECB's Villeroy speaks at Paris fintech conference – Paris

(1030 ET/1530 GMT) Fed Dallas's issues January Service Sector Outlook Survey – Dallas

(1230 ET/1730 GMT) BoE's Andy Haldane speaks at Society of Professional Economists event – London




FX Beat

DXY: The dollar index slumped on growing expectations Fed will keep rates steady this year given the state of economic growth outside the U.S. The greenback against a basket of currencies trades 0.1 percent down at 95.69, having touched a low of 95.64 on Monday, its lowest since Jan. 15. FxWirePro's Hourly Dollar Strength Index stood at -120.76 (Highly Bearish) by 0500 GMT.

EUR/USD: The euro surged, extending gains for the third straight session, as the greenback eased on expectations the Fed will adopt a more cautious stance on policy than they did in 2018, weighed down by signs of a peak in U.S. corporate earnings and the loss of economic momentum. The European currency traded 0.1 percent up at 1.1432, having touched a high of 1.1443 on Monday, its highest since Jan. 15. FxWirePro's Hourly Euro Strength Index stood at 103.34 (Highly Bullish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone, ahead of the U.S. consumer confidence. Immediate resistance is located at 1.1455 (November 2 High), a break above targets 1.1484 (December 4 High). On the downside, support is seen at 1.1370 (Jan. 17 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar slumped to an 11-day peak, amid worries over escalation in U.S.-China trade tensions after the U.S. Justice Department charged China's Huawei Technologies Co Ltd with fraud. The major was trading 0.05 percent down at 109.31, having hit a low of 109.13 earlier, its lowest since January 18. FxWirePro's Hourly Yen Strength Index stood at -114.92 (Highly Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer confidence. Immediate resistance is located at 109.88 (Jan. 18 High), a break above targets 110.47 (Dec. 31 High). On the downside, support is seen at 108.70 (Jan. 2 Low), a break below could take it lower at 108.44 (Jan. 8 Low).

GBP/USD: Sterling eased, extending previous session losses, as investors remained cautious ahead of crucial votes in the British parliament that will aim to break a Brexit impasse. The major traded 0.1 percent down at 1.3148, having hit a high of 1.3217 on Friday; it’s highest since October 16. FxWirePro's Hourly Sterling Strength Index stood at 12.08 (Neutral) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3257 (October 12 High), a break above could take it near 1.3298 (September 20 High). On the downside, support is seen at 1.3082 (October 15 Low), a break below targets 1.3021 (November 6 Low). Against the euro, the pound was trading 0.1 percent down at 86.90 pence, having hit a high of 86.16 on Friday, it’s highest since May 2017.

AUD/USD: The Australian dollar eased after data showed National Australia Bank's index of business conditions fell nine points to 2 in December, while confidence held at 3, as sales, profits and employment declined. The Aussie trades 0.05 percent down at 0.7163, having hit a high of 0.7203 on Monday; it’s highest since January 18. FxWirePro's Hourly Aussie Strength Index stood at 77.59 (Slightly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7115 (Jan. 22 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7300 (November 20 High).

NZD/USD: The New Zealand dollar gained, as the greenback eased ahead of the Federal Open Market Committee policy meeting, where Chairman Jerome Powell is widely expected to acknowledge growing risks to the U.S. economy. The Kiwi trades 0.3 percent up at 0.6848, having touched a high of 0.6872 on Monday, its highest level December 18. FxWirePro's Hourly Kiwi Strength Index was at 120.60 (Highly Bullish) by 0500 GMT. Immediate resistance is located at 0.6911 (Dec. 11 High), a break above could take it near 0.6944 (Dec. 5 High). On the downside, support is seen at 0.6799 (Jan. 15 Low), a break below could drag it below 0.6726 (Jan. 7 Low).



Equities Recap

Asian shares plunged as concerns over U.S.-China trade deal heightened after the United States levelled criminal charges against China's telecom giant Huawei.

MSCI's broadest of Asia-Pacific shares outside Japan declined.

Tokyo's Nikkei surged 0.1 percent to 20,664.64 points, Australia's S&P/ASX 200 index rose 0.5 percent to 5,874.20 points and South Korea's KOSPI rallied 0.2 percent to 2,181.48 points.

Shanghai composite index gained 0.1 percent to 2,600.31 points, while CSI300 index traded 0.5 percent up at 3,198.63 points.

Hong Kong’s Hang Seng traded 0.1 percent lower at 27,545.59 points. Taiwan shares shed 0.8 percent to 9,931.59 points.



Commodities Recap

Crude Oil prices rebounded from a near 2-week low after Washington imposed sanctions on Venezuelan state-owned oil firm in order to curb the OPEC member's crude exports to the United States. International benchmark Brent crude was trading 0.1 percent up at $60.02 per barrel by 0442 GMT, having hit a low of $59.47 on Monday, its lowest since January 15. U.S. West Texas Intermediate was trading 0.05 percent higher at $52.08 a barrel, after falling as low as $51.31 on Monday, its lowest since the January 17.

Gold prices rallied to a more than 7-month high amid worries over escalation in U.S.-China trade tensions after the U.S. Justice Department charged China's Huawei Technologies Co Ltd with fraud. Spot gold rose 0.1 percent at $1,304.00 per ounce by 0519 GMT, having touched a high of $1,304.45 earlier, its highest level since June 14. U.S. gold futures were also steady at $1,302.70 per ounce.








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#430

Post by B0N3 » Wed Jan 30, 2019 7:10 pm

Asia Roundup:
Aussie gains on upbeat CPI, dollar eases against yen as investors eye Fed policy decision, Asian shares consolidate –
Wednesday, January 30th, 2019







Market Roundup

British lawmakers instruct May to change Brexit deal; EU says 'No'

Apple services business grows; CEO Cook says China tensions ease

U.S., China face deep trade, IP differences in high-level talks

China fast tracks new foreign investment law as U.S. talks loom

White House to seek big domestic spending cuts; budget will be late

Global oil industry braces for turmoil from U.S. crackdown on Venezuela

Japan Dec Retail Sales YY, 1.3%, 0.8% f'cast, 1.4% prev

Australia Q4 CPI QQ, 0.5%, 0.4% f'cast, 0.4% prev

Australia Q4 CPI YY, 1.8%, 1.7% f'cast, 1.9% prev




Economic Data Ahead

(0200 ET/0700 GMT) Germany Feb GfK Consumer Sentiment, 10.3 f'cast, 10.4 prev

(0200 ET/0700 GMT) Germany Dec Import Prices YY, 2.1% f'cast, 3.1% prev

(0430 ET/0930 GMT) Great Britain Dec BoE Consumer Credit (GBP), 0.80 bln f'cast, 0.92 bln prev

(0430 ET/0930 GMT) Great Britain Dec Mortgage Lending (GBP), 3.45 bln f'cast, 3.45 bln prev

(0430 ET/0930 GMT) Great Britain Dec Mortgage Approvals, 63.0k f'cast, 63.72k prev

(0500 ET/1000 GMT) EZ Jan Consumer Confidence Final, -7.9 f'cast, -7.9 prev

(0500 ET/1000 GMT) EZ Jan Business Climate, 0.75 f'cast, 0.82 prev

(0500 ET/1000 GMT) EZ Jan Economic Sentiment, 106.8 f'cast, 107.3 prev

(0500 ET/1000 GMT) EZ Jan Industrial Sentiment, 0.5 f'cast, 1.1 prev

(0500 ET/1000 GMT) EZ Jan Services Sentiment, 11.1 f'cast, 12.0 prev

(0800 ET/1300 GMT) Germany Jan HICP Prelim YY, 1.7% f'cast, 1.7% prev

(0800 ET/1300 GMT) Germany Jan CPI Prelim YY, 1.6% f'cast, 1.7% prev



Key Events Ahead

N/A Bank of Lithuania's Marius Jurgilas participates in FinTech conference – Paris

(1400 ET/1900 GMT) Fed's FOMC announces decision on interest rates followed by statement – Washington

(1430 ET/1930 GMT) Fed Chairman Jerome Powell holds news conference – Washington

(1850 ET/2350 GMT) BoJ releases summary of opinions from board members at its Jan. 22-23 policy meeting – Tokyo




FX Beat

DXY: The dollar index tumbled, as investors’ awaited Federal Reserve policy guidance and the outcome of the trade talks between the United States and China. The greenback against a basket of currencies trades 0.1 percent down at 95.73, having touched a low of 95.62 on Tuesday, its lowest since Jan. 15. FxWirePro's Hourly Dollar Strength Index stood at -70.32 (Bearish) by 0500 GMT.

EUR/USD: The euro rose, extending gains for the fourth straight session, despite a key gauge of the market's long-term expectations for inflation in the euro zone eased to its lowest level since late 2016. The European currency traded 0.1 percent up at 1.1438, having touched a high of 1.1450 on Tuesday, its highest since Jan. 15. FxWirePro's Hourly Euro Strength Index stood at 96.94 (Slightly Bullish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone and Economic sentiment indicator, ahead of the U.S. pending home sales and the Fed's interest rate decision. Immediate resistance is located at 1.1466 (December 31 High), a break above targets 1.1496 (January 2 High). On the downside, support is seen at 1.1370 (Jan. 17 Low), a break below could drag it till 1.1325 (Jan. 2 Low).

USD/JPY: The dollar edged lower as investors cautiously awaited the Fed's policy outlook after recent comments from officials signalled a slower pace of rate increases this year amid mounting uncertainties over the health of the U.S. economy. The major was trading 0.05 percent down at 109.34, having hit a low of 109.13 on Tuesday, its lowest since January 18. FxWirePro's Hourly Yen Strength Index stood at -24.75 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. pending home sales and Fed's interest rate decision. Immediate resistance is located at 109.88 (Jan. 18 High), a break above targets 110.47 (Dec. 31 High). On the downside, support is seen at 108.70 (Jan. 2 Low), a break below could take it lower at 108.44 (Jan. 8 Low).

GBP/USD: Sterling gained, reversing some of its previous session losses after British lawmakers instructed Prime Minister Theresa May to reopen a Brexit treaty with the European Union to replace the Irish border arrangement. The major traded 0.2 percent up at 1.3086, having hit a high of 1.3217 on Friday; it’s highest since October 16. FxWirePro's Hourly Sterling Strength Index stood at -100.53 (Highly Bearish) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3170, a break above could take it near 1.3257 (October 12 High). On the downside, support is seen at 1.3021 (November 6 Low), a break below targets 1.3000. Against the euro, the pound was trading 0.1 percent down at 87.40 pence, having hit a high of 86.16 on Friday, it’s highest since May 2017.

AUD/USD: The Australian dollar rebounded, halting a 2-day losing streak after domestic data showed consumer prices rose 0.5 percent in the December quarter and 1.7 percent for the year, slightly above forecasts. The Aussie trades 0.6 percent up at 0.7196, having hit a high of 0.7203 on Monday; it’s highest since January 18. FxWirePro's Hourly Aussie Strength Index stood at 95.70 (Slightly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7115 (Jan. 22 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7300 (November 20 High).

NZD/USD: The New Zealand dollar advanced, extending gains from the prior session, as the greenback declined ahead of the Federal Open Market Committee policy meeting. The Kiwi trades 0.3 percent up at 0.6851, having touched a high of 0.6872 on Monday, its highest level December 18. FxWirePro's Hourly Kiwi Strength Index was at 144.87 (Highly Bullish) by 0500 GMT. Immediate resistance is located at 0.6911 (Dec. 11 High), a break above could take it near 0.6944 (Dec. 5 High). On the downside, support is seen at 0.6799 (Jan. 15 Low), a break below could drag it below 0.6726 (Jan. 7 Low).




Equities Recap

Asian shares consolidated within narrow ranges, as investors remained on the sidelines ahead of the Federal Reserve's policy decision.

MSCI's broadest of Asia-Pacific shares outside Japan traded flat.

Tokyo's Nikkei declined 0.4 percent to 20,583.14 points, Australia's S&P/ASX 200 index rose 0.2 percent to 5,886.70 points and South Korea's KOSPI rallied 0.7 percent to 2,197.58 points.

Shanghai composite index declined 0.2 percent to 2,589.24 points, while CSI300 index traded 0.2 percent down at 3,188.34 points.

Hong Kong’s Hang Seng traded 0.1 percent higher at 27,560.76 points. Taiwan shares added 0.1 percent to 9,932.26 points.



Commodities Recap

Crude Oil prices surged as concerns about supply disruptions following U.S. sanctions on Venezuela's oil industry offset downward pressure from a worsening outlook for the global economy. International benchmark Brent crude was trading 0.7 percent up at $61.66 per barrel by 0458 GMT, having hit a low of $59.47 on Monday, its lowest since January 15. U.S. West Texas Intermediate was trading 0.6 percent higher at $53.52 a barrel, after falling as low as $51.31 on Monday, its lowest since the January 17.

Gold prices rallied to a fresh 8-1/2 month peak earlier in the session, supported by uncertainty over U.S.-China trade relations and expectations the U.S. Federal Reserve will keep rates on hold later in the day. Spot gold was trading 0.2 percent up at $1,313.83 per ounce by 0501 GMT, having touched a high of $1,314.53 earlier, its highest level since May 15. U.S. gold futures rose 0.3 percent to $1,312.30 per ounce.








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