FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

Re: FirewoodFX - Market News

#481

Post by B0N3 » Thu Apr 25, 2019 7:10 pm

Asia Roundup:
Antipodeans consolidate near multi-month lows amid holiday-thinned trading, yen gains on BoJ policy stance, Asian shares plunge –
Thursday, April 25th, 2019







Market Roundup

BOJ commits to very low rates through early 2020, gives timeframe for 1st time

S.Korea economy unexpectedly contracts in Q1, worst since global financial crisis

Bank of England to refrain from rate hike until August 2020-NIESR

Moore, under fire from Democrats, remains Trump's Fed pick

China c. bank has no intent to tighten or relax monetary policy – vice gov



Economic Data Ahead

No major economic data releases



Key Events Ahead

(0230 ET/0630 GMT) Bank of Japan Governor Haruhiko Kuroda press conference

(0330 ET/0730 GMT) Swedish Central Bank to announce interest rate decision and will publish Monetary Policy Report in Stockholm

(0830 ET/1230 GMT) Participation by ECB Vice President Luis de Guindos in a roundtable at “Europe at crossroads” event organised by the European American Chamber of Commerce in New York

(1100 ET/1500 GMT) Federal Reserve Bank of Kansas City issues Manufacturing Survey for April in Kansas City



FX Beat

DXY: The dollar index rallied to multi-month peaks, as inventors’ expect the U.S. GDP to have grown an annualised 2.1 percent in the first three months of this year, largely keeping the pace from 2.2 percent expansion in the preceding quarter. The greenback against a basket of currencies traded 0.05 percent up at 98.10, having touched a high of 98.19 on Wednesday, its highest since May 2017. FxWirePro's Hourly Dollar Strength Index stood at 145.89 (Highly Bullish) by 0400 GMT.

EUR/USD: The euro eased, hovering towards a 22-month low hit in the prior session on data that showed German business morale deteriorated in April, as trade tensions hurt the industrial engine of Europe's largest economy. The European currency traded 0.05 percent down at 1.1151, having touched a low of 1.1140 on Wednesday, its lowest since June 2017. FxWirePro's Hourly Euro Strength Index stood at 52.07 (Bearish) by 0400 GMT. Investors’ attention will remain on data out of Eurozone economies, ahead of U.S. unemployment benefit claims, durable goods orders and Kansas Fed Manufacturing Activity report. Immediate resistance is located at 1.1184 (23.6% retracement of 1.1323 and 1.1140), a break above targets 1.1210 (38.2% retracement). On the downside, support is seen at 1.1096 (May. 2017 Low) a break below could drag it till 1.1030.

USD/JPY: The Japanese yen surged, reversing some of its previous session losses after The Bank of Japan kept monetary policy steady and pledged to keep interest rates extremely low at least through early 2020, giving a specific timeframe for the first time on how long borrowing costs will remain low. The major was trading 0.2 percent down at 111.97, having hit a high of 112.40 on Wednesday, its highest since Dec. 20. FxWirePro's Hourly Yen Strength Index stood at 57.80 (Bullish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. unemployment benefit claims, durable goods orders and Kansas Fed Manufacturing Activity report. Immediate resistance is located at 112.60 (Dec. 20 High), a break above targets 113.24 (Dec. 5 High). On the downside, support is seen at 111.20 (Apr. 3 Low), a break below could take it lower at 110.53 (Mar. 20 Low).

GBP/USD: Sterling consolidated near a 2-month low touched in the prior session after the National Institute of Economic and Social Research stated that the Bank of England is likely to keep interest rates on hold until August 2020 because of a slower global economy and prolonged Brexit uncertainty. The major traded flat at 1.2902, having hit a low of 1.2887 on Wednesday; it’s lowest since Feb. 15. FxWirePro's Hourly Sterling Strength Index stood at -38.59 (Neutral) 0400 GMT. Investors’ attention will remain on the UK CGB industrial Trends Survey-orders, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2957 (5-DMA), a break above could take it near 1.3008 (10-DMA). On the downside, support is seen at 1.2854 (Feb. 7 Low), a break below targets 1.2818 (Jan. 14 Low). Against the euro, the pound was trading flat at 86.44 pence, having hit a low of 86.81 on Tuesday, it’s lowest since Mar. 22.

AUD/USD: The Australian dollar steadied after falling to a 4-month low on weaker-than-expected domestic inflation numbers released yesterday that heightened the prospect of an interest rate cut. The Aussie trades 0.1 percent up at 0.7020, having hit a low of 0.7004 earlier; it’s lowest since Jan. 4. FxWirePro's Hourly Aussie Strength Index stood at -113.93 (Highly Bearish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6981 (Jan. 2 Low), a break below targets 0.6950. On the upside, resistance is located at 0.7051 (Mar. 7 High), a break above could take it near 0.7097 (Mar. 14 High).

NZD/USD: The New Zealand dollar consolidated near to a 5-month low as the greenback surged to multi-month peaks. The Kiwi trades 0.05 percent up at 0.6598, having touched a low of 0.6581 on Wednesday, its lowest level Nov. 1. FxWirePro's Hourly Kiwi Strength Index was at -105.51 (Highly Bearish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6694 (Apr. 19 High), a break above could take it near 0.6758 (Apr. 9 High). On the downside, support is seen at 0.6562, a break below could drag it below 0.6514 (Nov. 1 Low).



Equities Recap

Asian shares slumped as an unexpected deterioration in German and South Korean economic data stoked fears of slowing global growth.

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

Tokyo's Nikkei rose 0.5 percent to 22,320.76 points, and South Korea's KOSPI eased 0.4 percent to 2,191.38 points.

Shanghai composite index fell 1.2 percent to 3,162.54 points, while CSI 300 index traded 1.1 percent up at 3,987.62 points.

Hong Kong’s Hang Sengtraded 0.1 percent lower at 29,779.42 points. Taiwan shares added 0.1 percent to 11,039.86 points



Commodities Recap

Crude Oil prices surged, hovering towards a near 6-month peak amid tighter U.S. sanctions on Iran and producer cartel OPEC's continued curbs on supply. International benchmark Brent crude was trading 0.1 percent higher at $74.58 per barrel by 0445 GMT, having hit a high of $74.71 on Tuesday, its highest since Nov. 1, 2018. U.S. West Texas Intermediate was trading 0.1 percent up at $65.79 a barrel, after rising as high as $66.58 on Tuesday, its highest since the Oct. 31, 2018.

Gold prices steadied as weak data from Germany and a fall in equities raised flags about the pace of global economic growth. Spot gold was trading flat at $1,275.41 per ounce by 0447 GMT, having touched a low of $1,266.18 on Tuesday, its lowest since Dec. 27. U.S. gold futures slipped 0.1 percent to $1,278 an ounce.








DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#482

Post by B0N3 » Fri Apr 26, 2019 7:15 pm

Asia Roundup:
Kiwi strengthens against major peers on robust trade balance data, Asian markets in red, gold hovers around $1,280 mark –
Friday, April 26, 2019







Market Roundup

Japan tells U.S. can't link monetary policy to trade – Finance minister Aso.

Japan's March factory output decline flags risk of GDP contraction.

U.S. adds another China e-commerce site to 'notorious' IP blacklist.

China's Xi says Belt and Road must be green, sustainable.

North Korean leader says peace on Korean peninsula depends on US attitude – KCNA.

Japan March Retail Sales YY, 1.0%, 0.8% forecast, 0.4% previous, 0.6% revised.

Australia Q1 PPI YY, 1.9%, 2.0% previous.

New Zealand Trade Balance, 922.0 mln, 12.0 mln previous, -68.0 mln revised.

Foreign CB US debt holdings -$15.177 bln to $3.452 tln Apr 24 week.

Treasuries -$15.766 bln to $3.046 tln, agencies +$51 mln to $333.883 bln.

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



Economic Data Ahead

(0245 ET/0645 GMT) France April Consumer Confidence, 97 forecast, 96 previous.



Key Events Ahead

(0400 ET/0800 GMT) ECB's Olli Rehn will speak about the economic outlook for Finland and Europe as well as central bank monetary policy at the Bank of Finland's seminar in Helsinki.



FX Beat

USD: The dollar index versus a basket of six major currencies stood at 98.123 after advancing to 98.322 on Thursday, it is highest since May 2017.

EUR/USD: The euro was a touch higher at $1.1138 but within reach of $1.1117, its lowest level since June 2017 plumbed on Thursday. The single currency has shed nearly 1 percent against the dollar this week, weighed by worries about the health of the euro zone economy. It made intraday high at $1.1141 and low at $1.1124 mark. A consistent close below $1.1130 will drag the parity down towards key supports around $1.1080 and $1.0852 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 Japanese yen trades almost flat after industrial production, retail sales data. It made intraday high at 111.78 and low at 111.44 levels. A sustained close above 112.17 is required to take the parity higher towards key resistances around 112.60 and 113.98 marks respectively. Alternatively, a daily close below 111.58 will drag the parity down towards key support around 110.80, 109.70, 107.50 and 104.20 marks respectively.

GBP/USD: The sterling edged 0.1 percent higher to $1.2903, its weakest since mid-February. Against the euro, the pound dropped 0.1 percent to 86.36 pence. Pair made intraday high at $1.2906 and low at $1.2885 mark. A sustained close below $1.2992 requires for dragging the parity down towards key support around $1.2772 mark. On the other side, key resistances are seen at $1.3020, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar nudged up 0.15 percent to $0.7027 after ending Thursday little changed. The Aussie has lost nearly 2 percent this week, during which it sank to a near four-month trough as soft domestic inflation data boosted the prospect of a rate cut by the Reserve Bank of Australia. The pair made intraday high at $0.7031 and low at $0.7007 levels. A consistent close below $0.7015 requires for downside rally.

NZD/USD: The kiwi trades marginally higher against major peers after strong trade balance data. A sustained close above $0.6656 requires for the upside rally. Alternatively, key support was seen at $0.6580 mark.



Equities Recap

Tokyo's Nikkei was trading 0.74 pct lower at 22,143.85 points.

Shanghai composite index to open down 0.5 pct at 3,108.16 points and China's CSI300 index to open down 0.5 pct at 3,921.89 points.

Hong Kong’s Hang Sengindex was trading 0.07 percent higher at 29,576.22 points.



Commodities Recap

Crude Oil dipped on Friday on hopes that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions on Tehran by the United States. Despite this, oil markets remain tight amid supply disruptions and rising geopolitical concerns, especially over the tensions between the United States and Iran, putting prices on course for the longest run of weekly gains in years. Brent crude futures were at $74.17 per barrel at 0430 GMT, down 18 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.92 per barrel, down 29 cents, or 0.4 percent.

Gold climbed on Friday, as signs of weak global growth rekindled investor interest in the safe-haven metal, keeping it on track for its first weekly gain in five, while a strong dollar ahead of the U.S. GDP data capped gains for the bullion. Spot gold was up 0.1 percent at $1,278.62 per ounce, as of 0334 GMT. The metal rose 0.4 percent so far this week, and is poised for its first gain since the week ended March 22. U.S. gold futures edged up 0.2 percent to $1,280.60 an ounce.








DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#483

Post by B0N3 » Mon Apr 29, 2019 6:31 pm

Asia Roundup:
Aussie erases previous loss against U.S. dollar, Asian markets mixed, gold trades flat at $1,285 mark –
Monday, April 29, 2019







Market Roundup

U.S. Treasury Secretary Mnuchin – Trade Negotiations With China Are In 'The Final Laps'- NYT.

Two U.S. Navy warships sail through strategic Taiwan Strait.

Spain's Socialists on course to regain power but talks awaits.

China's industrial profits pick up in March with 13.9 pct rise.

Broken UK politics means Scotland needs to choose its own path – SNP's Sturgeon.

Trump's Fed pick Moore not planning to drop out of Fed consideration – interview.



Economic Data Ahead

(0500 ET/0900 GMT) EU April Consumer Confidence Final, -7.9 forecast, -7.9 previous.

(0500 ET/0900 GMT) EU April Business Climate, 0.49 forecast, 0.53 previous.

(0500 ET/0900 GMT) EU April Economic Sentiment, 105.0 forecast, 105.5 previous.

(0500 ET/0900 GMT) EU April Industrial Sentiment, -2.0 forecast, -1.7 previous.

(0500 ET/0900 GMT) EU April Services Sentiment, 11.1 forecast, 11.3 previous.



Key Events Ahead

(0410 ET/0810 GMT) Keynote speech by Bank of England Governor Mark Carney at Innovate Finance Global Summit 2019 in London.

(0650 ET/1050 GMT) German Finance Minister Olaf Scholz and Labour Minister Hubertus Heil speak at “Fair Mobility” event about measures against illegal labour and enforcing fair wages and working conditions for migrant workers from Central and Eastern European (CEE) countries on the German labour market in Berlin.



FX Beat

USD: Against a basket of currencies, the dollar was last steady at 98.032, having eased from a near two-year peak of 98.330.

EUR/USD: The euro was likewise almost unchanged at $1.1149, not far from a near two-year trough of $1.1110. It made intraday high at $1.1160 and low at $1.1144 mark. A consistent close below $1.1130 will drag the parity down towards key supports around $1.1080 and $1.0852 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 Japanese yen trades almost flat around 111.60 mark as Japanese banks will be closed in observance of Showa Day. It made intraday high at 111.64 and low at 111.43 levels. A sustained close above 112.17 is required to take the parity higher towards key resistances around 112.60 and 113.98 marks respectively. Alternatively, a daily close below 111.53 will drag the parity down towards key support around 110.80, 109.70, 107.50 and 104.20 marks respectively.

GBP/USD: The Sterling edged 0.3 percent higher to $1.2932, its weakest since mid-February. Against the euro, the pound traded flat at 86.3 pence. On a weekly basis, it is set to decline 0.6 percent, its biggest drop in four weeks. Pair made intraday high at $1.2939 and low at $1.2913 mark. A sustained close below $1.2897 requires for dragging the parity down towards key support around $1.2772 mark. On the other side, key resistances are seen at $1.3020, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar nudged up to $0.7057 after ending around $0.6988 last week. The Aussie has lost nearly 2 percent last week, during which it sank to a near four-month trough as soft domestic inflation data boosted the prospect of a rate cut by the Reserve Bank of Australia. The pair made intraday high at $0.7057 and low at $0.7036 levels. A consistent close below $0.7015 requires for downside rally.

NZD/USD: The kiwi trades marginally higher against major peers on Monday. A sustained close above $0.6656 requires for the upside rally. Alternatively, key support was seen at $0.6580 mark.



Equities Recap

Japanese banks will be closed in observance of Showa Day.

Shanghai composite index to open up 0.1 pct at 3,090.63 points and China's CSI300 index to open up 0.2 pct at 3,896.58 points

Hong Kong’s Hang Sengwas trading 0.86 percent higher at 29,859.22 points.



Commodities Recap

Crude Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran. Brent crude futures were at $71.80 per barrel at 0215 GMT, down 35 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $62.91 per barrel, down 39 cents, or 0.6 percent, from their previous settlement. Both benchmarks fell around 3 percent in the previous session.

Gold steadied on Monday, trading near a more-than one week high touched in the previous session, on increased bets that the U.S. Federal Reserve might cut interest rate this year after a recent data showed inflationary weakness. Lower interest rates in the U.S. put pressure on the dollar and bond yields, making greenback-denominated gold less expensive for holders of other currencies. It also increases the appeal of non-yielding assets such as bullion. Spot gold was steady at $1,285.65 per ounce at 0426 GMT, having hit its highest since April 16 at $1,288.59 in the previous session. Meanwhile, U.S. gold futures shed 0.1 percent to $1,287.70 an ounce.








DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#484

Post by B0N3 » Tue Apr 30, 2019 7:08 pm

Asia Roundup:
Chinese yuan depreciates as manufacturing PMI data misses expectations, most Asian markets in red, gold stabilizes above $1,280 mark –
Tuesday, April 30, 2019







Market Roundup

China April NBS manufacturing PMI, 50.1, 50.5 forecast, 50.5 previous.

China April NBS Non – manufacturing PMI, 54.3, 54.8 previous.

China April Caixin manufacturing PMI Final, 50.2, 51.0 forecast, 50.8 previous.

China sets deadline of end-September for 2019 local govt bond sales.

UK consumers unfazed by Brexit storm, firms more upbeat – Surveys.

Spain's Sanchez weighs options after election win, outlook murky.

Mexican Senate passes labour bill, key to approving new NAFTA.

NBNZ April Business Outlook, -37.5, -38.0 previous.

NBNZ Own Activity, 7.1, 6.3 previous.

Australia March Private Sector Credit, 0.3%, 0.3% previous.

Australia March Housing Credit, 0.2%, 0.3% previous.



Economic Data Ahead

(0355 ET/0755 GMT) Germany April Unemployment change SA, -5k forecast, -7k previous.

(0355 ET/0755 GMT) Germany April Unemployment Rate SA, 4.9% forecast, 4.9% previous.

(0500 ET/0900 GMT) EU Q1 GDP Flash Prelim Q/Q, 0.3% forecast, 0.2% previous.

(0500 ET/0900 GMT) EU Q1 GDP Flash Prelim Y/Y, 1.1% forecast, 1.1% previous.

(0500 ET/0900 GMT) EU March Unemployment Rate, 7.8% forecast, 7.8% previous.

(0800 ET/1200 GMT) Germany April CPI Prelim M/M, 0.5% forecast, 0.45 previous.

(0800 ET/1200 GMT) Germany April CPI Prelim Y/Y, 1.6% forecast, 1.3% previous.

(0800 ET/1200 GMT) Germany April HICP Prelim M/M, 0.6% forecast, 0.5% previous.

(0800 ET/1200 GMT) Germany April HICP Prelim Y/Y, 1.7% forecast, 1.4% previous.



Key Events Ahead

(0340 ET/0740 GMT) BOE Deputy Governor Dave Ramsden keynote speech at Innovate Finance Global Summit 2019 in London.

(1100 ET/1500 GMT) Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins will testify to the House of Commons Finance Committee in Ottawa.

N/A U.S. Federal Reserve's Federal Open Market Committee to commence its two-day meeting on interest rates (to May 1).



FX Beat

USD: Against a basket of currencies, the dollar was flat at 97.859 and still not far from last week's near two-year peak of 98.330.

EUR/USD: The euro was little moved at $0.1180 as investors await figures for economic growth in the common currency bloc due later in the session. It made intraday high at $1.1193 and low at $1.1179 mark. A consistent close below $1.1185 will drag the parity down towards key supports around $1.1080 and $1.0852 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 Japanese yen trades marginally higher around 111.60 mark as Japanese banks will be closed in observance of Showa Day. The safe-haven yen got a lift, with the Aussie losing 0.4 percent to 78.59, while holding steady on the U.S. dollar at 111.59 yen. It made intraday high at 111.69 and low at 111.48 levels. A sustained close above 112.17 is required to take the parity higher towards key resistances around 112.60 and 113.98 marks respectively. Alternatively, a daily close below 111.53 will drag the parity down towards key support around 110.80, 109.70, 107.50 and 104.20 marks respectively.

GBP/USD: The sterling rose to a three-day high against the dollar on Monday but was little changed against other major currencies before a central bank policy meeting this week. Markets do not expect the Bank of England to raise interest rates until early 2020. Against the dollar, the pound gained as much as 0.7 percent to $1.2945 but was steady against the euro and the Japanese yen. Pair made intraday high at $1.2944 and low at $1.2923 mark. A sustained close below $1.2897 requires for dragging the parity down towards key support around $1.2772 mark. On the other side, key resistances are seen at $1.2962, $1.3020, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar led risk assets lower in Asia on Tuesday after a survey on Chinese manufacturing missed forecasts in a blow to hopes for a rebound in global growth. The currency quickly eased to $0.7040 after the PMI release, from $0.7064. The pair made intraday high at $0.7069 and low at $0.7033 levels. A consistent close below $0.7015 requires for downside rally.

NZD/USD: The kiwi trades almost flat against U.S. dollar and currently trading around $0.6662 mark. A sustained close above $0.6690 requires for the upside rally. Alternatively, key support was seen at $0.6580 mark.



Equities Recap

Japanese banks will be closed in observance of Showa Day.

Shanghai composite index to open down 0.3 pct at 3,052.62 points and China's CSI300 index to open down 0.3 pct at 3,887.18 points.

Hong Kong’s Hang Sengwas trading 0.54 percent lower at 29,731.22 points.



Commodities Recap

Crude Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said markets remained tight. A stutter in China's factory and servicing industries in April also weighed on crude prices, traders said, as it suggested Asia's biggest economy is still struggling to regain traction. Brent crude futures were at $71.75 per barrel at 0131 GMT, down 29 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $63.35 per barrel, down 15 cents, or 0.2 percent from their previous settlement.

Gold edged up on Tuesday as Asian shares fell ahead of the release of a raft of economic data and the U.S. Federal Reserve's two-day meeting which will decide the trajectory of interest rates. Spot gold was up 0.2 percent at $1,281.95 per ounce at 0123 GMT. U.S. gold futures were up 0.2 percent at $1,283.90 an ounce.








DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#485

Post by B0N3 » Thu May 02, 2019 7:16 pm

Asia Roundup:
Indian rupee remains almost unchanged despite lower than expected manufacturing PMI data, Asian markets in green, gold touches $1,271 mark – Thursday, May 02, 2019







Market Roundup

India Apr 2019 Nikkei markit manufacturing PMI decrease to 51.8 (forecast 52.5) vs previous 52.6.

U.S., China reported near deal to end some tariffs; talks 'productive'.

Barr cancels second day of testimony, escalating battle with U.S. Congress.

U.S. Fed sees no strong case for hiking or cutting rates.

UK's May fires defence secretary over Huawei leak.

Bank of England to keep rates steady, despite Brexit delay.

Asia factory activity “bottoming out” but policy support still needed.

Maduro hangs on as Venezuelan protests peter out.

NZ Mar Building Consents, -6.9%, 1.9% previos, 1.7% revised.



Economic Data Ahead

(0350 ET/0750 GMT) France April Markit manufacturing PMI, 49.6 forecast, 49.6 previous.

(0355 ET/0755 GMT) Germany April Markit/BME manufacturing PMI, 44.5 forecast, 44.5 previous.

(0400 ET/0800 GMT) EU April Markit manufacturing Final PMI, 47.8 forecast, 47.8 previous.

(0500 ET/0900 GMT) UK April Markit/CIPS Construction PMI, 50.3 forecast, 49.7 previous.



Key Events Ahead

(0530 ET/0930 GMT) French Finance Minister Bruno Le Maire and German Economy Minister Peter Altmaier address a news conference on European Industrial Policy at the Bercy Ministry in Paris.

(0700 ET/1100 GMT) Bank of England to release inflation report in London.

(0700 ET/1100 GMT) Bank of England announces rate decision and publishes the minutes of the meeting, after the rate decision in London.

(1330 ET/1730 GMT) The European Central Bank's chief economist, Peter Praet, takes part in a “fireside chat” at a conference organised by the central bank of Austria in Vienna.

(1800 ET/2200 GMT) Austria's central bank ONB and the European Money and Finance Forum SUERF to host a two-day conference on the European economic and monetary union.



FX Beat

USD: Against a basket of currencies, the dollar was flat at 97.60 and still not far from last week's near two-year peak of 98.330.

EUR/USD: The euro was back at $1.1200, after reaching as high as $1.1265. It made intraday high at $1.1209 and low at $1.1193 mark. A consistent close below $1.1193 will drag the parity down towards key supports around $1.1175, $1.1080 and $1.0852 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 Japanese yen trades almost flat around 111.54 mark as Japanese banks will remain closed for a week. It made intraday high at 111.66 and low at 111.34 levels. A sustained close above 112.17 is required to take the parity higher towards key resistances around 112.60 and 113.98 marks respectively. Alternatively, a daily close below 111.37 will drag the parity down towards key support around 110.80, 109.70, 107.50 and 104.20 marks respectively.

GBP/USD: The pound was last at $1.3054 in Asia, having been as high as $1.3102 overnight. The pound hit a two-week high on Wednesday as investors sensed in comments by Prime Minister Theresa May signs of progress in Brexit talks between the British government and the main opposition party. Sterling neared $1.31 after May said her plan to negotiate a customs arrangement with the EU was similar to that of the Labour Party and called for an end to uncertainty. Pair made intraday high at $1.3060 and low at $1.3038 mark. A sustained close below $1.2897 requires for dragging the parity down towards key support around $1.2772 and $1.25 mark respectively. On the other side, key resistances are seen at $1.3049, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Aussie dollar nudged up to $0.7021, having slipped 0.5 percent overnight to as low as $0.7007.The pair made intraday high at $0.7028 and low at $0.7010 levels. A consistent close below $0.7015 requires for downside rally.

NZD/USD: The kiwi dollar was holding on at $0.6630, after losing 0.8 percent overnight to a trough of $0.6617. A sustained close above $0.6673 requires for the upside rally. Alternatively, key support was seen at $0.6580 mark.



Equities Recap

Hong Kong’s Hang Sengwas trading 0.56 percent higher at 29,866.22 points.



Commodities Recap

Crude Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles. Outside the United States, however, oil markets remained tense as exemptions to U.S. sanctions on Iran expired, a political crisis in Venezuela escalates, and as producer club OPEC keeps withholding supply. Spot Brent crude oil futures were at $71.91 per barrel at 0239 GMT, 27 cents, or 0.4 percent, below their last close. U.S. West Texas Intermediate (WTI) crude futures were down 19 cents, or 0.3 percent, at $63.41 per barrel.

Gold prices dropped to a one-week low on Wednesday as the dollar rebounded after U.S. Federal Reserve reduced expectations of a rate cut this year, with the safe-haven metal also pressured as the central bank signaled strong economic growth. Spot gold slipped 0.6% to $1,276.36 per ounce as of 5:02 p.m. EDT (2102 GMT), after falling as much as 0.8% to a session low of $1,272.74 earlier, its lowest since April 24. U.S. gold futures settled 0.1% lower at $1,284.20 an ounce.








DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#486

Post by B0N3 » Fri May 03, 2019 7:11 pm

Asia Roundup:
Aussie trades marginally lower as building approval data misses expectations, Asian markets mixed, gold hovers around $1,270 mark – Friday, May 03, 2019







Market Roundup

English voters punish both Britain's main parties for Brexit chaos – early results.

Strong U.S. job growth expected in April; wages seen moderate.

Democrat ramp up pressure on Trump as Pelosi accuses Barr of 'crime'.

Asian nations to consider adding yuan, yen to regional swap deal – Nikkei.

Australia April AIG Services Index, 46.5, 44.8 previous.

Australia March Building Approvals, -15.5%, -14.0% forecast, 19.1% previous.

Venezuela opposition figure, facing arrest warrant, says he met with generals.

U.S. muni bond funds post $1.2 bln in inflows – Lipper.

Foreign CB US debt holdings +$8.906 bln to $3.461 tln May 1 week.

Treasuries +$10.517 bln to $3.056 tln, agencies -$1.929 bln to $331.954 bln.



Economic Data Ahead

(0430 ET/0830 GMT) UK April Markit/CIPS Services PMI, 50.5 forecast, 48.9 previous.

(0500 ET/0900 GMT) EZ April HICP Flash YY, 1.6% forecast, 1.4% previous.

(0500 ET/0900 GMT) EZ April HICP-X F&E Flash YY, 1.1% forecast, 1.0% previous.



Key Events Ahead

(0800 ET/1200 GMT) ECB's top banking supervisor, Andrea Enria, takes part in a panel discussion on “”Restoring people's trust in the Single Market for banking and finance” in Florence.

(1015 ET/1415 GMT) Chicago Fed's President Charles Evans speaks on current economic conditions and monetary policy in Stockholm.

(1130 ET/1530 GMT) Fed Vice Chairman Richard Clarida speaks on “Models, Markets and Monetary Policy” before the “Strategies for Monetary Policy: a Policy Conference” hosted by the Hoover Institution in Stanford.

(1345 ET/1745 GMT) New York Fed's John Williams speaks on “Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates” in Stanford.

(1500 ET/1900 GMT) Fed Board Governor Michelle Bowman chairs the “Milton Friedman and the Long History of Monetary Policy Rules” luncheon discussion in Stanford.

(1800 ET/2200 GMT) Austria's central bank ONB and the European Money and Finance Forum SUERF to host a two-day conference on the European economic and monetary union in Vienna.



FX Beat

USD: The dollar index recoups losses from earlier in the week to stand at 97.834 against a basket of currencies, up from a trough of 97.149.

EUR/USD: The euro was flat at $1.1174, having eased back from a $1.1219 top overnight, though it was still a shade firmer on the week. It made intraday high at $1.1167 and low at $1.1167 mark. A consistent close below $1.1170 will drag the parity down towards key supports around $1.1080 and $1.0852 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively.

USD/JPY: The Japanese yen trades almost flat around 111.48 mark as Japanese banks will remain closed for a week. It made intraday high at 111.53 and low at 111.40 levels. A sustained close above 112.17 is required to take the parity higher towards key resistances around 112.60 and 113.98 marks respectively. Alternatively, a daily close below 111.37 will drag the parity down towards key support around 110.80, 109.70, 107.50 and 104.20 marks respectively.

GBP/USD: The sterling has traded in a narrow range of $1.28-$1.30 since Britain last month pushed its scheduled departure from the European Union back from March until Oct 31. Sterling slipped from a two-week high on Thursday after the Bank of England lifted its growth forecasts but warned Brexit continued to cloud the outlook for monetary policy. The BoE voted unanimously to keep interest rates steady at 0.75 percent but stuck to their view tighter policy would be needed in future. Pair made intraday high at $1.3043and low at $1.3022 mark. A sustained close below $1.3022 requires for dragging the parity down towards key support around $1.2897, $1.2772 and $1.25 mark respectively. On the other side, key resistances are seen at $1.3102, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian was on track for a third straight weekly loss as speculators bet central banks of both countries could cut rates as early as next week. The Australian dollar was down 0.5 percent for the week on top of its hefty 1.7 percent loss the previous one. It was last trading at $0.6997 after falling below the key psychological support of $0.7000. The pair made intraday high at $0.7028 and low at $0.7010 levels. A consistent close below $0.7015 requires for downside rally.

NZD/USD: The New Zealand dollar was also off 0.5 percent this week, identical with the hit it took the prior week. The currency was last at $0.6620, inching closer to a recent five-month trough of $0.6581. A sustained close above $0.6673 requires for the upside rally. Alternatively, key support was seen at $0.6580 mark.



Equities Recap

Hong Kong’s Hang Sengindex was trading 0.11 percent lower at 29,912.22 points.



Commodities Recap

Crude Oil prices slipped on Friday, extending a steep fall from the previous session on surging U.S. output and an expected supply increase from producer club OPEC and putting crude on track for a second week of declines. Brent crude oil futures were at $70.56 per barrel at 0127 GMT, down 19 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 7 cents, at $61.74 per barrel.

Gold steadied near a four-month low on Friday, as comments from U.S. Federal Reserve Chairman Jerome Powell reduced expectations of a near-term rate cut, putting bullion on track for a weekly fall. Spot gold was unchanged at $1,270.71 per ounce as of 0139 GMT, having fallen to $1,265.85, its lowest since end-December, in the previous session. Spot gold has fallen 1.2 percent so far this week. U.S. gold futures were steady at $1,271.70 an ounce.







DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#487

Post by B0N3 » Mon May 06, 2019 9:53 pm

Asia Roundup:
Antipodeans at multi-week lows, yen rallies as Trumps threatens China with more tariffs, Asian shares plunge –    
Monday, May 6th, 2019







Market Roundup

Trump vows tariff hike on Chinese goods, escalating tension in trade talks

China considers canceling trade talks with U.S. after Trump vows new tariff hike- WSJ

China cbank to cut reserve requirements for some banks as trade tensions rise

U.S. destroyers sail in disputed South China Sea

U.S. deploying carrier, bombers to Middle East to deter Iran -Bolton

UK's May presses Labour to reach Brexit deal, but leaks jeopardise talks

Trump says Special Counsel Mueller should not testify on Russia probe

N.Korean leader Kim oversaw testing of multiple rocket launchers -KCNA

Australia job ads dip in April, pace of decline slows

China Apr Caixin Services PMI, 54.5, 54.4 prev



Economic Data Ahead

(0350 RT/0750 GMT) France Apr Markit Serv PMI, 50.5 f'cast, 50.5 prev

(0350 RT/0750 GMT) France Apr Markit Comp PMI, 50.0 f'cast, 50.0 prev

(0355 ET/0755 GMT) Germany Apr Markit Services PMI, 55.6 f'cast, 55.6 prev

(0355 ET/0755 GMT) Germany Apr Markit Comp Final PMI, 52.1 f'cast, 52.1 prev

(0400 ET/0800 GMT) EZ Apr Markit Serv Final PMI, 52.5 f'cast, 52.5 prev

(0400 ET/0800 GMT) EZ Apr Markit Comp Final PMI, 51.3 f'cast, 51.3 prev

(0430 ET/0830 GMT) EZ May Sentix Index, 1.4 f'cast, -0.3 prev

(0500 ET/0900 GMT) EZ Mar Retail Sales MM, -0.1% f'cast, 0.4% prev

(0500 ET/0900 GMT) EZ Mar Retail Sales YY, 1.8% f'cast, 2.8% prev



Key Events Ahead

(0330 ET/0730 GMT) Welcome address by ECB board member Sabine Lautenschlager at ECB conference “An innovative single market for the euro” in Frankfurt, Germany

(0600 ET/1000 GMT) Chicago Fed releases slides and talking points from President Charles Evans's presentation on current economic conditions and monetary policy to a closed seminar for Bank of Italy in Rome, Italy in Chicago

(0930 ET/1330 GMT) Philadelphia Fed's Patrick Harker speaks on the economic outlook before the 37th Annual Monetary and Trade Conference hosted by the Drexel University LeBow College of Business in Philadelphia

(1100 ET/1500 GMT) ECB Chief Economist Peter Praet in conversation with the Financial Times in Frankfurt, Germany

(1330 ET/1730 GMT) Bank of Canada Governor Stephen Poloz will hold speech at the Canadian Credit Union Association and Winnipeg Chamber of Commerce



FX Beat

DXY: The dollar index gained after Trump vowed tariff hike on Chinese goods.  The greenback against a basket of currencies traded 0.1 percent up at 97.60, having touched a high of 98.10 on Friday, its highest since April 26. FxWirePro's Hourly Dollar Strength Index stood at -85.21 (Slightly Bearish) by 0500 GMT.

EUR/USD: The euro declined after Bundesbank President Jens Weidmann expressed scepticism about a proposal to grant banks some relief from negative central bank rates, arguing that cost could outweigh the benefits. The European currency traded 0.1 percent down at 1.1188, having touched a low of 1.1135 on Friday, its lowest since Apr. 26. FxWirePro's Hourly Euro Strength Index stood at -44.99 (Neutral) by 0500 GMT. Investors’ attention will remain on a series of data out of Eurozone economies and EZ retail sales, amid a lack of data from the U.S. docket. Immediate resistance is located at 1.1229 (April 30 high), a break above targets 1.1262 (April 22 High). On the downside, support is seen at 1.1140 (April 24 Low) a break below could drag it till 1.1096 (May. 2017 Low).

USD/JPY: The dollar plunged below the 111.00 handle to hit a 4-1/2 week low, after U.S. President Donald Trump threatened to raise tariffs on China and Beijing considering cancelling talks planned for this week, triggering risk-off sentiment. The major was trading 0.3 percent down at 110.80, having hit a low of 110.28 earlier, its lowest since Mar. 28. FxWirePro's Hourly Yen Strength Index stood at 56.02 (Bullish) 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 111.07 (Feb. 27 High), a break above targets 111.46 (Mar. 12 High). On the downside, support is seen at 110.01 (Mar.28 Low), a break below could take it lower at 109.70 (Mar. 25 Low).

GBP/USD: Sterling tumbled amid persisting uncertainty surrounding Britain's departure from the European Union. On Friday, the pair rose to a 1-month peak after the leader of Britain's opposition party said parliament must break the deadlock over Brexit and get a deal through to exit the European Union. The major traded at 0.4 percent down 1.3122, having hit a high of 1.3176 on Friday; it’s highest since Apr. 4. FxWirePro's Hourly Sterling Strength Index stood at 143.83 (Highly Bullish) 0500 GMT. Immediate resistance is located at 1.3223 (Mar. 22 High), a break above could take it near 1.3269 (Mar. 29 High). On the downside, support is seen at 1.3080 (Mar. 22 Low), a break below targets 1.3022 (Apr. 8 Low). Against the euro, the pound was trading 0.3 percent down at 85.22 pence, having hit a high of 84.88, it’s highest since Mar. 27.

AUD/USD: The Australian dollar declined to a 4-month low after Trump on Sunday increased pressure on China to reach a trade deal by announcing he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. The Aussie trades 0.5 percent down at 0.6984, having hit a low of 0.6962 earlier; it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at -138.74 (Highly Bearish) by 0500 GMT. Immediate support is seen at 0.6950, a break below targets 0.6921. On the upside, resistance is located at 0.7026 (-DMA), a break above could take it near 0.7097 (Mar. 14 High).

NZD/USD: The New Zealand dollar eased to a near 2-week low on news that Beijing might cancel talks with their U.S. counterparts in Washington planned for Wednesday. The Kiwi trades 0.3 percent down at 0.6621, having touched a low of 0.6601 earlier, its lowest level Apr. 25. FxWirePro's Hourly Kiwi Strength Index was at -22.96 (Neutral) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6694 (Apr. 19 High), a break above could take it near 0.6758 (Apr. 9 High). On the downside, support is seen at 0.6562, a break below could drag it below 0.6514 (Nov. 1 Low).



Equities Recap

Asian shares slumped after U.S. President Donald Trump unexpectedly threatened China to reach a trade deal in the midst of negotiations.

MSCI's broadest of Asia-Pacific shares outside Japan eased 1.9 percent.

Hong Kong’s Hang Seng traded 3.3 percent lower at 29,087.71 points. Taiwan shares shed 1.8 percent to 10,897.12 points.

Shanghai composite index fell 5.6 percent to 2,906.46 points, while CSI 300 index traded 5.8 percent down at 3,684.62 points.



Commodities Recap

Crude Oil prices slumped by more than 2 percent after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week. International benchmark Brent crude was trading 2.1 percent lower at $69.30 per barrel by 0443 GMT, having hit a low of $68.82 earlier, its lowest since Apr, 3. U.S. West Texas Intermediate was trading 2.2 percent down at $60.50 a barrel, after falling as low as $60.02 earlier, its lowest since the Mar, 29.

Gold prices surged after U.S. President Donald Trump threatened to raise tariffs on Chinese goods, escalating Sino-U.S. trade tensions, which prompted risk-off sentiment. Spot gold was trading 0.3 percent up at $1,282.69 per ounce by 0447 GMT, having touched a high of $1,285.73 earlier, its highest since May 1. U.S. gold futures were up 0.2 percent at $1,283.90 an ounce.







DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#488

Post by B0N3 » Wed May 08, 2019 9:10 pm

Asia Roundup:
Kiwi plunges as RBNZ cuts rates to record lows, yen at 6-week peak amid growing trade fears, Asian shares slump –
Wednesday, May 8th, 2019







Market Roundup

Seeking to avert higher tariffs, China dispatches top negotiator to U.S.

NZ c. bank cuts rates to record lows, signals another next year

China Apr Trade Balance USD 13.84 bln, 35.00 bln f'cast, 32.65 bln prev, 32.67 bln rvsd

China Apr Exports YY, -2.7%, 2.3% f'cast, 14.2% prev

China Apr Imports YY, 4.0%, -3.6% f'cast, -7.6% prev

BOJ board debated pros, cons of more easing at March meeting -minutes

White House defies Congress on McGahn subpoena as Trump battles Democrats

Trump tax returns from 1985 to 1994 show $1 bln in losses -NY Times

South Africa's ANC seeks to reverse sliding support in tough election



Economic Data Ahead

(0200 ET/0600 GMT) Germany Mar Industrial Output MM, -0.5% f'cast, 0.7% prev

(0330 ET/0730 GMT) Great Breat Apr Halifax House Prices MM, 0.1% f'cast, -1.6% prev



Key Events Ahead

(0415 ET/0815 GMT) Bank of England Deputy Governor Ramsden speaks in London

(0730 ET/1130 GMT) ECB's Draghi speaks in Frankfurt, Germany

(0800 ET/1200 GMT) Irish Central Bank Deputy Governor Ed Sibley speaks in Dublin

(0830 ET/1230 GMT) Fed's Brainard speaks in Virginia, USA



FX Beat

DXY: The dollar index eased after Fed Vice Chair Richard Clarida said that the U.S. Federal Reserve does not see a good case for raising or lowering interest rates and its current policy stance could help inflation move toward the central bank's 2 percent target. The greenback against a basket of currencies traded 0.1 percent down at 97.45, having touched a low of 97.38 on Tuesday, its lowest since May 1. FxWirePro's Hourly Dollar Strength Index stood at 8.31 (Neutral) by 0400 GMT.

EUR/USD: The euro rose, reversing most of its previous session losses after the European Commission stated that the eurozone will rebound next year from a slow-down in 2019 and unemployment will fall further, but inflation is likely to remain at this year's levels and below the ECB's target. The European currency traded 0.1 percent up at 1.1204, having touched a low of 1.1135 on Friday, its lowest since Apr. 26. FxWirePro's Hourly Euro Strength Index stood at 60.90 (Bullish) by 0400 GMT. Investors’ attention will remain on German industrial production and ECB President Draghi's speech, ahead of Fed Brainard's speech. Immediate resistance is located at 1.1229 (April 30 high), a break above targets 1.1262 (April 22 High). On the downside, support is seen at 1.1140 (April 24 Low) a break below could drag it till 1.1096 (May. 2017 Low).

USD/JPY: The dollar plunged to their lowest in more than 6-week on growing fears about the impact of a worsening U.S.-China trade conflict on global growth. The U.S. officials have accused China of reneging in the past week on substantial commitments made during months of negotiations aimed at ending their trade dispute. The major was trading 0.3 percent down at 109.93, having hit a low of 109.90 earlier, its lowest since Mar. 25. FxWirePro's Hourly Yen Strength Index stood at 140.67 (Highly Bullish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of Fed Brainard's speech. Immediate resistance is located at 110.58 (38.2% retracement of 111.68 and 109.90), a break above targets 111.07 (Feb. 27 High). On the downside, support is seen at 109.70 (Mar. 25 Low), a break below could take it lower at 109.13 (Jan. 29 Low).

GBP/USD: Sterling steadied, halting a 2-day losing streak after Britain's Conservative government held constructive and detailed talks with the opposition Labour Party on Tuesday as the two sides struggle to break a parliamentary deadlock over the country's exit from the EU. However, the upside lacks momentum amid rising concerns about the progress of Brexit negotiations and worries over Prime Minister Theresa May's leadership. The major traded at 0.1 percent up 1.3074, having hit a high of 1.3176 on Friday; it’s highest since Apr. 4. FxWirePro's Hourly Sterling Strength Index stood at -103.68 (Highly Bullish) 0400 GMT. Investors’ attention will remain on the UK Halifax house prices and BoE Ramsden's speech, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3132 (Apr. 12 High), a break above could take it near 1.3191 (Apr. 4 High). On the downside, support is seen at 1.3022 (Apr. 8 Low), a break below targets 1.2976 (Mar. 29 Low). Against the euro, the pound was trading 0.2 percent down at 85.70 pence, having hit a high of 84.88 on Monday, it’s highest since Mar. 27

AUD/USD: The Australian dollar rallied, extending gains for the third straight session, after the Reserve Bank of Australia kept its policy interest rate unchanged at 1.5 percent on Tuesday, defying expectations for a cut. However, the upside appears limited as trade figures out of China showed exports declined unexpectedly but imports surprised on the high side. The Aussie trades 0.2 percent up at 0.7022, having hit a low of 0.6962 on Monday, it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at 38.27 (Neutral) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6950, a break below targets 0.6921. On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7110 (Mar. 19 High).

NZD/USD: The New Zealand dollar slumped to a 6-month low after the Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis point to 1.5 percent for the first time in two-and-a-half years, stating more stimulus was required to support employment and inflation. The Kiwi trades 0.2 percent down at 0.6589, having touched a low of 0.6525 earlier, its lowest level Nov. 1. FxWirePro's Hourly Kiwi Strength Index was at -90.23 (Slightly Bearish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6653 (May 3 High), a break above could take it near 0.6694 (Apr. 19 High). On the downside, support is seen at 0.6514 (Nov. 1 Low), a break below could drag it below 0.6474 (Oct. 4 Low).



Equities Recap

Asian shares plunged amid renewed worries over U.S.-China trade dispute and its potential impact on global growth.

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

Tokyo's Nikkei fell 1.8 percent to 21,528.86 points, Australia's S&P/ASX 200 index eased 0.5 percent to 6,267.20 points and South Korea's KOSPI tumbled 0.2 percent to 2,171.79 points.

Hong Kong’s Hang Seng traded 0.7 percent lower at 29,144.05 points. Taiwan shares shed 0.4 percent to 10,944.19 points

Shanghai composite index declined 0.3 percent to 2,916.52 points, while CSI 300 index traded 0.5 percent down at 3,702.08 points.



Commodities Recap

Crude Oil prices steadied as markets remained relatively tight amid U.S. sanctions on crude exporters Iran and Venezuela. International benchmark Brent crude was trading 0.6 percent higher at $70.16 per barrel by 0410 GMT, having hit a low of $68.82 on Monday, its lowest since Apr, 3. U.S. West Texas Intermediate was trading 0.6 percent up at $61.80 a barrel, after falling as low as $60.02 on Monday, its lowest since the Mar, 29.

Gold prices rose to a 1-week peak as renewed worries over U.S.-China trade dispute and its potential impact on global growth dented risk sentiment. Spot gold was 0.2 percent up at $1,286.24 per ounce by 0412 GMT, having touched a high of $1,287.14 earlier, its highest since May 1. U.S. gold futures edged 0.1 percent higher to $1,287 an ounce.







DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#489

Post by B0N3 » Fri May 10, 2019 8:28 pm

Asia Roundup:
Antipodeans ease as U.S. hikes tariffs on Chinese goods; yen at 3-month peak amid risk-averse sentiment; Asian shares trim gains – Friday, May 10th, 2019







Market Roundup

US hikes tariffs on Chinese goods, China says to strike back

Australia c.bank cuts forecasts again, signals rate cuts

Recession risks prod BOJ to strengthen forward guidance in April

Japan Real wages fall 2.5 pct in March, biggest fall in four years

Japan Mar All Household Spending YY, 2.1%, 1.7% f'cast, 1.7% prev

N.Korea's Kim orders stronger strike power; U.S. seizes cargo ship

ANC takes commanding lead in South Africa's election but support ebbs

Australia's opposition Labor pledges bigger budget surpluses in election bid

Foreign CB US debt holdings +$331 mln to $3.461 tln May 8 week

Treasuries -$670 mln to $3.056 tln, agencies +$188 mln to $332.142 bln

U.S.-based equity funds post $12.7 bln of cash withdrawals -Lipper



Economic Data Ahead

(0245 ET/0645 GMT) France Mar Industrial Output MM, -0.5% f'cast, 0.4% prev

(0430 ET/0830 GMT) Great Britain Q1 Business Invest YY Prelim, -2.5% prev

(0430 ET/0830 GMT) Great Britain Mar GDP Estimate YY, 2.0% f'cast, 2.0% prev

(0430 ET/0830 GMT) Great Britain Mar Industrial Output YY, 0.5% f'cast, 0.1% prev

(0430 ET/0830 GMT) Great Britain Mar Manufacturing Output YY, 1.3% f'cast, 0.6% prev

(0430 ET/0830 GMT) Great Britain Q1 GDP Prelim YY, 1.8% f'cast, 1.4% prev



Key Events Ahead

(0330 ET/0730 GMT) ECB board member Sabine Lautenschlager participates in a panel discussion at G7 2019 conference in Paris

(0330 ET/0730 GMT) ECB policymaker and Bank of France governor Francois Villeroy opens a conference at the French central bank in Paris

(0510 ET/0910 GMT) Riksbank First Deputy Governor Kerstin af Jochnick talks about developments in the payment market during the Stockholm Future Forum in Stockholm

(0700 ET/1100 GMT) Riksbank meeting of the General Council in Stockholm

(0830 ET/1230 GMT) Fed's Brainard speaks at Federal Reserve System Community Development Research Conference in Washington, D.C.

(0908 ET/1308 GMT) Atlanta Fed President Raphael Bostic speaks on the economic outlook and monetary policy in Meridian, Mississippi

(1000 ET/1400 GMT) New York Fed President John Williams speaks before the 21st Annual Bronx Bankers' Breakfast in Bronx, New York

(1030 ET/1430 GMT) ECB board member Benoit Coeure participates in a panel discussion at G7 2019 Conference in Paris



FX Beat

DXY: The dollar index declined, extending previous session loses, after China's Commerce Ministry said it deeply regretted the U.S. decision to hike tariffs on Chinese goods, adding that it would take necessary countermeasures. The greenback against a basket of currencies traded 0.05 percent down at 97.35, having touched a low of 97.24 on Thursday, its lowest since May 1. FxWirePro's Hourly Dollar Strength Index stood at -36.22 (Neutral) by 0400 GMT.

EUR/USD: The euro surged, hovering towards a 1-week peak hit in the previous session, as the greenback eased after a series of data indicated the U.S. manufacturers are experiencing the most marked deceleration in business activity since 2015 and before that the great recession of 2008. The European currency traded 0.1 percent up at 1.1226, having touched a high of 1.1251 on Thursday, its highest since May 1. FxWirePro's Hourly Euro Strength Index stood at -3.67 (Neutral) by 0400 GMT. Investors’ attention will remain on series of data from the Eurozone economies and ECB Lautenschlager and Coueure's speech, ahead of the U.S. consumer price index, monthly budget statement and speeches by Fed's Brainard and Bostic. Immediate resistance is located at 1.1262 (April 22 High), a break above targets 1.1304 (April 18 High). On the downside, support is seen at 1.1187 (May 1 Low) a break below could drag it till 1.1140 (April 24 Low).

USD/JPY: The dollar plunged, drifting closer to a 3-month trough hit in the previous session, after U.S. President Donald Trump's tariff increase to 25 percent on $200 billion worth of Chinese goods took effect today, and Beijing said it would retaliate. The major was trading 0.1 percent down at 109.66, having hit a low of 109.47 earlier, its lowest since Feb. 4. FxWirePro's Hourly Yen Strength Index stood at 196.42 (Highly Bullish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer price index, monthly budget statement and speeches by Fed's Brainard and Bostic. Immediate resistance is located at 110.32 (38.2% retracement of 111.68 and 109.47), a break above targets 110.84 (61.8% retracement). On the downside, support is seen at 109.47 (May 9 Low), a break below could take it lower at 109.13 (Jan. 29 Low).

GBP/USD: Sterling consolidated near the 1.3000 handle, amid doubts that Brexit negotiations between the ruling Conservative and opposition Labour parties would progress. The major traded flat at 1.3002, having hit a low of 1.2967 on Thursday; it’s lowest since Apr. 30. FxWirePro's Hourly Sterling Strength Index stood at -90.00 (Slightly Bearish) 0400 GMT. Investors’ attention will remain on the UK preliminary gross domestic product, manufacturing production, industrial prod., goods trade balance, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3066 (5-DMA), a break above could take it near 1.3132 (Apr. 12 High). On the downside, support is seen at 1.2976 (Mar. 29 Low), a break below targets 1.2923 (Apr. 30 Low). Against the euro, the pound was trading 0.1 percent down at 86.33 pence, having hit a low of 86.48 on Thursday, it’s lowest since Apr. 30.

AUD/USD: The Australian dollar turned lower after U.S. President Donald Trump's tariff increase to 25 percent on $200 billion worth of Chinese goods took effect. The Aussie trades 0.05 percent down at 0.6985, having hit a low of 0.6962 on Monday, it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at -52.47 (Bearish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6950, a break below targets 0.6921. On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7110 (Mar. 19 High).

NZD/USD: The New Zealand dollar eased as tensions between the United States and China deepened following Trump's tariff hike on $200 bln of Chinese goods. The Kiwi trades 0.5 percent down at 0.6585, having touched a low of 0.6525 on Wednesday, its lowest level Nov. 1. FxWirePro's Hourly Kiwi Strength Index was at -54.00 (Bearish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6653 (May 3 High), a break above could take it near 0.6694 (Apr. 19 High). On the downside, support is seen at 0.6514 (Nov. 1 Low), a break below could drag it below 0.6474 (Oct. 4 Low).



Equities Recap

Asian shares trimmed gains as tensions between U.S. and Chine intensified after U.S. President Donald Trump's tariff increase on $200 billion worth of Chinese goods took effect.

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

Tokyo's Nikkei fell 0.6 percent to 21,303.55 points, Australia's S&P/ASX 200 index gained 0.3 percent to 6,312.20 points and South Korea's KOSPI surged 0.1 percent to 2,103.06 points.

Hong Kong’s Hang Seng traded 0.9 percent higher at 28,576.69 points. Taiwan shares shed 0.2 percent to 10,712.99 points

Shanghai composite index rose 2.2 percent to 2,918.58 points, while CSI 300 index traded 2.4 percent up at 3,684.37 points.



Commodities Recap

Crude Oil prices rose amid renewed optimism that a trade deal between Washington and Beijing could be struck, while investors fear that a protracted tariff war would dent global economic growth. International benchmark Brent crude was trading 0.5 percent higher at $70.57 per barrel by 0425 GMT, having hit a low of $68.82 on Monday, its lowest since Apr, 3. U.S. West Texas Intermediate was trading 0.5 percent up at $61.93 a barrel, after falling as low as $60.02 on Monday, its lowest since the Mar, 29.

Gold prices rallied and were on track for a weekly gain as investors rushed into safe-haven assets on worries that a rift over trade between the United States and China could deepen if talks between the two economies fail to reach a deal. Spot gold was trading 0.2 percent up at $1,285.02 per ounce by 0430 GMT, having touched a high of $1,291.36 on Wednesday, its highest since Apr. 15 and is up about 0.4 percent for the week. U.S. gold futures were also steady at $1,284.30 an ounce.







DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3226
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#490

Post by B0N3 » Mon May 13, 2019 7:12 pm

Asia Roundup:
Antipodeans ease as U.S.-China trade talks deadlocked; yen rallies as investors await China retaliation, Asian shares plunge –
Monday, May 13th, 2019







Market Roundup

China defiant toward U.S. on trade, Kudlow urges strong enforcement steps

Trump may provoke U.S. lawmakers to impeach him -senior Democrat

Iran commander calls U.S. military in Gulf a target not a threat – ISNA

Saudi Energy Minister says two Saudi oil tankers attacked near UAE waters

Australian opposition holds slim lead over government ahead of May 18 election – poll

Australia Mar Housing Finance, -2.5 pct, 2.0 pct prev

South Africa's ANC celebrates election win with street party

China, Singapore renew bilateral currency swap agreement



Economic Data Ahead

No major economic data scheduled



Key Events Ahead

(0430 ET/1030 GMT) Riksbank Deputy Governor Henry Ohlsson speaks on underlying inflation at the Swedish Society of Financial Analysts in Stockholm

(0905 ET/1305 GMT) Boston Fed President Eric Rosengren speaks at a conference in Boston

(0910 ET/1310 GMT) Fed's Clarida speaks at a conference in Boston

(1255 ET/1655 GMT) Boston Fed President Eric Rosengren and Fed's Clarida give closing remarks at “FedListens – New England Perspectives on Fed Policymaking” conference in Boston



FX Beat

DXY: The dollar index consolidated near 3-1/2 week lows, as investors braced for threatened countermeasures from China in retaliation for Washington's tariff increase on Friday on $200 billion worth of Chinese goods. The greenback against a basket of currencies traded flat at 97.32, having touched a low of 97.13 on Friday, its lowest since April 18 FxWirePro's Hourly Dollar Strength Index stood at -45.64 (Neutral) by 0500 GMT.

EUR/USD: The euro eased, halting a 3-day winning streak, as the greenback steadied amid escalating U.S.-China trade tensions. The European currency traded 0.05 percent down at 1.1229, having touched a high of 1.1253 on Friday, its highest since May 1. FxWirePro's Hourly Euro Strength Index stood at 60.83 (Bullish) by 0500 GMT. Investors’ attention will remain on speeches by Fed's Rosengren and Clarida, amid a lack of economic data from the Eurozone docket. Immediate resistance is located at 1.1262 (April 22 High), a break above targets 1.1304 (April 18 High). On the downside, support is seen at 1.1187 (May 1 Low) a break below could drag it till 1.1140 (April 24 Low).

USD/JPY: The dollar declined, hovering towards a 3-month trough hit in the prior session, as U.S. and China appeared at a deadlock over trade negotiations after Washington demanded promises of concrete changes to Chinese law, while Beijing remained defiant. The major was trading 0.2 percent down at 109.77, having hit a low of 109.47 on Friday, its lowest since Feb. 4. FxWirePro's Hourly Yen Strength Index stood at -45.64 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of speeches by Fed's Rosengren and Clarida. Immediate resistance is located at 110.32 (38.2% retracement of 111.68 and 109.47), a break above targets 110.84 (61.8% retracement). On the downside, support is seen at 109.47 (May 9 Low), a break below could take it lower at 109.13 (Jan. 29 Low).

GBP/USD: Sterling consolidated within narrow ranges, as traders remained doubtful Prime Minister Theresa May can reach a deal with the opposition on how to leave the European Union. The major traded flat at 1.3007, having hit a low of 1.2967 on Thursday; it’s lowest since Apr. 30. FxWirePro's Hourly Sterling Strength Index stood at -131.27 (Highly Bearish) 0500 GMT. Immediate resistance is located at 1.3049 (Apr. 30 High), a break above could take it near 1.3102 (May 1 High). On the downside, support is seen at 1.2976 (Mar. 29 Low), a break below targets 1.2923 (Apr. 30 Low). Against the euro, the pound was trading flat at 86.31 pence, having hit a low of 86.48 on Thursday, it’s lowest since Apr. 30.

AUD/USD: The Australian dollar tumbled, as the trade conflict escalated, with the United States raising tariffs on $200 billion worth of Chinese goods and China vowed to retaliate. The Aussie trades 0.4 percent down at 0.6973, having hit a low of 0.6962 last week, it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at 3.80 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6950, a break below targets 0.6921. On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7110 (Mar. 19 High).

NZD/USD: The New Zealand dollar eased, after rising for two straight sessions, amid growing anxiety over whether the United States and China will be able to salvage a trade deal. The Kiwi trades 0.3 percent down at 0.6579, having touched a low of 0.6525 on Wednesday, its lowest level Nov. 1. FxWirePro's Hourly Kiwi Strength Index was at -74.76 (Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6653 (May 3 High), a break above could take it near 0.6694 (Apr. 19 High). On the downside, support is seen at 0.6514 (Nov. 1 Low), a break below could drag it below 0.6474 (Oct. 4 Low).



Equities Recap

Asian shares tumbled as a deadlock in U.S.-China trade talks and uncertainty over a deal sent investors seeking safety in safe-haven assets.

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

Tokyo's Nikkei fell 0.7 percent to 21,191.28 points, Australia's S&P/ASX 200 index declined 0.2 percent to 6,297.60 points and South Korea's KOSPI plunged 1.4 percent to 2,078.20 points.

Shanghai composite index eased 1.5 percent to 2,896.56 points, while CSI 300 index traded 2.4 percent down at 3,659.52 points. Taiwan shares added 1.4 percent to 10,558.29 points.



Commodities Recap

Crude Oil prices rose, despite investors fretted over global economic growth prospects amid a standoff in U.S.-China trade talks. International benchmark Brent crude was trading 0.1 percent higher at $70.79 per barrel by 0451 GMT, having hit a low of $68.82 last week, its lowest since Apr, 3. U.S. West Texas Intermediate was trading 0.1 percent down at $61.59 a barrel, after falling as low as $60.02 last week, its lowest since the Mar, 29.

Gold prices declined, reversing most of its previous session gains as the greenback steadied after falling to multi-week lows in the previous session. Spot gold was 0.2 percent down at $1,283.84 per ounce by 0454 GMT, having touched a high of $1,291.36 on Wednesday, its highest since Apr. 15. U.S. gold futures slipped 0.2 percent to $1,284.40 an ounce.







DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

http://www.firewoodfx.com/category/forex-market-news/






.



Post Reply
Forexmart