FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

User avatar

Topic author
B0N3
Senior Member
Senior Member
Posts: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

Re: FirewoodFX - Market News

#511

Post by B0N3 » Fri Jun 28, 2019 6:46 pm

Asia Roundup:
Antipodeans at multi-week peak, greenback holds gains ahead of Trump-Xi talks at G20 summit, euro bulls’ eye EZ consumer price data –
Friday, June 28th, 2019







Market Roundup

Trump talks trade at G20, China's Xi warns against protectionism

Russia's Putin: Attempts to destroy WTO or lower its role counter-productive

EU leaders warn of damage to global growth from trade war

BOJ board's debate of more easing at June meet signals possible early action

Japan May Industrial Output Prelim MM SA, 2.3%, 0.7% f'cast, 0.6% prev

Japan May Jobs/Applicants Ratio, 1.62, 1.63 f'cast, 1.63 prev

Japan Jun CPI Tokyo Ex fresh food YY, 0.9%, 0.9% f'cast, 1.1% prev

Japan May Unemployment Rate, 2.4%, 2.4% f'cast, 2.4% prev

UK consumers turn gloomier as economy, finance worries grow-GfK

Iran seen breaking nuclear pact limit in days; Trump says 'no time pressure'

Foreign CB US debt holdings -$10.088 bln to $3.467 tln Jun 26 week

Treasuries -$12.850 bln to $3.043 tln, agencies +$2.089 bln to $346.222 bln

Investors pour $6 bln into U.S.-based high-yield, investment-grade bond funds -Lipper



Economic Data Ahead

(0430 ET/0830 GMT) UK Q1 GDP QQ, 0.5% f'cast, 0.5% prev

(0430 ET/0830 GMT) UK Q1 GDP YY, 1.8% f'cast, 1.8% prev

(0430 ET/0830 GMT) UK Q1 Current Account GBP, -32.000 bln f'cast, -23.707 bln prev

(0500 ET/0900 GMT) Italy Jun Consumer Price Prelim YY, 0.7% f'cast, 0.8% prev

(0500 ET/0900 GMT) Italy Jun CPI (EU Norm) Prelim YY, 0.7% f'cast, 0.9% prev

(0500 ET/0900 GMT) EZ Jun HICP Flash YY, 1.2% f'cast, 1.2% prev

(0500 ET/0900 GMT) EZ Jun HICP-X F&E Flash YY, 1.0% f'cast, 1.0% prev



Key Events Ahead

(0330 ET/0730 GMT) Introductory remarks by ECB executive board member Sabine Lautenschlager at the third ECRB meeting organised by the ECB in Frankfurt

(0500 ET/0900 GMT) Text of the opening speech of BOE Executive Director for Markets Andrew Hauser at an event titled 'Promoting Career Opportunities for Women in Foreign Exchange,' to be released in London

(1520 ET/1920 GMT) Fed's Mary Daly speaks at the Aspen Ideas Festival in Aspen



FX Beat

DXY: The dollar index held firm ahead of a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend that could lead to an easing of trade tensions. The greenback against a basket of currencies traded flat at 96.19, having touched a low of 95.84 on Tuesday, its lowest since Mar. 21. FxWirePro's Hourly Dollar Strength Index stood at -10.05 (Neutral) by 0500 GMT.

EUR/USD: The euro declined after data released yesterday showed Eurozone economic sentiment slumped to its lowest point in nearly three years in June, boosting speculation the European Central Bank will ease monetary policy again if inflation in the bloc fails to gain momentum. The European currency traded 0.05 percent down at 1.1363, having touched a high of 1.1412 on Tuesday, its highest since Mar. 21. FxWirePro's Hourly Euro Strength Index stood at -50.14 (Bearish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, EZ prelim consumer price index and ECB Lautenschlager's speech, ahead of the U.S. personal consumption expenditure, Chicago Purchasing Manager Index and Michigan consumer sentiment index. Immediate resistance is located at 1.1437 (Mar. 21 High), a break above targets 1.1474 (Dec. 21 High). On the downside, support is seen at 1.1319 (Mar 18 Low), a break below could drag it below 1.1277 (Mar. 13 Low).

USD/JPY: The dollar eased, extending previous session losses, as investors cautiously awaited a crucial meeting between the leaders of the United States and China at a Group of 20 summit over the weekend for signs of progress to end a year-long trade dispute. The pair was trading 0.1 percent down at 107.68, having hit a low of 106.78 on Tuesday, its lowest since Jan. 3. FxWirePro's Hourly Yen Strength Index stood at -52.16 (Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. personal consumption expenditure, Chicago Purchasing Manager Index and Michigan consumer sentiment index. Immediate resistance is located at 108.30 (78.6% retracement of 108.72 and 106.78), a break above targets 108.80 (June 11 High). On the downside, support is seen at 107.24 (June 24 Low), a break below could take it lower at 106.78 (June 25 Low).

GBP/USD: Sterling consolidated within narrow ranges as investors refrained from taking big positions amid growing uncertainty about who will be Britain's next prime minister and on worries about whether the nation would be able to avoid a no-deal, chaotic exit from the European Union. The major traded flat at 1.2668, having hit a high of 1.2783 on Tuesday, it’s highest since May 21. FxWirePro's Hourly Sterling Strength Index stood at -113.26 (Highly Bearish) 0500 GMT. Investors’ attention will remain on the UK gross domestic product and total business investment figures, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2743 (June 5 High), a break above could take it near 1.2798 (May 17 High). On the downside, support is seen at 1.2642 (Jun. 21 Low), a break below targets 1.2611 (May 29 Low). Against the euro, the pound was trading flat at 89.73 pence, having hit a low of 89.81 on Thursday, it’s lowest since Jan. 15.

AUD/USD: The Australian dollar rallied to a 3-week peak, as investors speculate U.S.-China trade talks at the G20 meeting would manage to avert a new round of tariffs. The Aussie trades 0.05 percent up at 0.7010, having hit a high of 0.7012 earlier, it’s highest since Jun. 7. FxWirePro's Hourly Aussie Strength Index stood at 114.12 (Highly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6967 (5-DMA), a break below targets 0.6925 (June 12 Low). On the upside, resistance is located at 0.7029 (May 2 High), a break above could take it near 0.7069 (Apr. 30 High).

NZD/USD: The New Zealand dollar advanced to a 10-week high, after White House economic adviser Larry Kudlow said that Trump has agreed to no preconditions for the meeting, set to take place on Saturday at the G20 summit in Japan. The Kiwi trades 0.1 percent up at 0.6705, having touched a high of 0.6708 on Thursday, its highest level April 18. FxWirePro's Hourly Kiwi Strength Index was at 98.78 (Slightly Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6729 (Apr. 18 High), a break above could take it near 0.6782 (Apr. 15 High). On the downside, support is seen at 0.6644 (5-DMA), a break below could drag it below 0.6540 (May 27 Low).



Equities Recap

Asian shares tumbled amid growing uncertainty over whether the talks between U.S. President Donald Trump and Chinese President Xi Jinping this weekend will produce progress in ending the year-long trade war.

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

Tokyo's Nikkei slumped 0.3 percent to 21,275.92 points, Australia's S&P/ASX 200 index fell 0.7 percent to 6,618.80 points and South Korea's KOSPI plunged 0.1 percent to 2,131.50 points.

Hong Kong’s Hang Seng traded 0.5 percent lower at 28,475.60 points. Taiwan shares shed 0.4 percent to 10,730.83 points.

Shanghai composite index declined 0.6 percent to 2,978.66 points, while CSI 300 index traded 0.3 percent down at 3,824.83 points.



Commodities Recap

Crude Oil prices declined in a cautious market, as traders eyed a scheduled meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit and next week's OPEC meeting. International benchmark Brent crude was trading 1.5 percent lower at $65.36 per barrel by 0526 GMT, having hit a high of $66.83 on Wednesday, its highest since May 30. U.S. West Texas Intermediate was trading 0.2 percent down at $59.14 a barrel, after rising as high as $59.90 on Wednesday, its highest since the May 23..

Gold prices surged and were heading for their best month in 3-years, as uncertainty loomed over whether highly anticipated trade talks between China and the United States would yield any progress in ending a year-long trade dispute. Spot gold was trading 0.8 percent up at $1,420.09 per ounce by 0529 GMT, having touched a high of $1,439.14 on Tuesday, its highest since May 14, 2013 and has risen nearly 8.8 percent so far this month, on track for its biggest monthly percentage gain since June 2016. U.S. gold futures climbed 0.7 percent to $1,422.20 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#512

Post by B0N3 » Mon Jul 01, 2019 7:52 pm

Asia Roundup:
Antipodeans off multi-week peaks, greenback rallies as Trump, Xi agree to resume talks, Asian shares surge –
Monday, July 1st, 2019







Market Roundup

Trump says China trade talks 'back on track,' new tariffs on hold

China Jun NBS Manufacturing PMI, 49.4, 49.5 f'cast, 49.4 prev

China Jun Caixin Mfg PMI Final, 49.4, 50.0 f'cast, 50.2 prev

N.Korea upbeat on Trump-Kim surprise meeting as a chance to push nuclear talks

PM contender Hunt sets out plans to prepare Britain for no-deal Brexit

UK Brexit negotiator Robbins to leave role – The Sunday Times

Brexit and global slowdown hit UK factories in Q2 – BCC

OPEC set for oil cut extension if Iran endorses pact

Japan Q2 Tankan Big manufacturers' sentiment index, 7, 9 f'cast, 12 prev

Japan Q2 Tankan Non-manufacturers' index, 23, 20 f'cast, 21 prev

Japan Jun Nikkei Mfg PMI, 49.3, 49.5 prev



Economic Data Ahead

(0345 ET/0745 GMT) Italy Jun Markit/IHS Mfg PMI, 48.8 f'cast, 49.7 prev

(0350 ET/0750 GMT) France Jun Markit Mfg PMI, 52.0 f'cast, 52.0 prev

(0355 ET/0755 GMT) Germany Jun Markit/BME Mfg PMI, 45.4 f'cast, 45.4 prev

(0355 ET/0755 GMT) Germay Jun Unemployment Chg SA, -3k f'cast, 60k prev

(0355 ET/0755 GMT) Germany Jun Unemployment Rate SA, 5.0% f'cast, 5.0% prev

(0400 ET/0800 GMT) Italy May Unemployment Rate, 10.3% f'cast, 10.2% prev

(0400 ET/0800 GMT) EZ May Money-M3 Annual Grwth, 4.6% f'cast, 4.7% prev

(0400 ET/0800 GMT) EZ Jun Markit Mfg Final PMI, 47.8 f'cast, 47.8 prev

(0430 ET/0830 GMT) UK May BOE Consumer Credit, 0.967 bln f'cast, 0.942 bln prev

(0430 ET/0830 GMT) UK May Mortgage Lending (GBP), 4.100 bln f'cast, 4.290 bln prev

(0430 ET/0830 GMT) UK May Mortgage Approvals, 65.600k f'cast, 66.261k prev

(0430 ET/0830 GMT) UK Jun Markit/CIPS Mfg PMI, 49.2 f'cast, 49.4 prev

(0500 ET/0900 GMT) EZ May Unemployment Rate, 7.6% f'cast, 7.6% prev



Key Events Ahead

N/A Fed's Richard Clarida, ECB's Philip Lane, People's Bank of China's Yi Gang and ECB rate setters Klas Knot, Olli Rehn and Hernandez de Cos speak in Helsinki

(0245 ET/0645 GMT) Opening speech of ECB vice president Luis de Guindos at the 13th ECB Central Banking Seminar “Monetary policy in the euro area” in Frankfurt, Germany

(1700 ET/2100 GMT) Reserve Bank of New Zealand Assistant Governor Geoff Bascand delivers a speech entitled “macroprudential policy: past, present and future” in Wellington



FX Beat

DXY: The dollar index rallied to a 1-week peak as U.S. Treasury yields rose after comments last week from Federal Reserve officials, including Chair Jerome Powell, cooled expectations for aggressive rate cuts. The greenback against a basket of currencies traded 0.4 percent up at 96.53, having touched a low of 95.84 on Tuesday, its lowest since Mar. 21. FxWirePro's Hourly Dollar Strength Index stood at -13.69 (Neutral) by 0500 GMT.

EUR/USD: The euro plunged to a 1-week low, as the greenback surged after the U.S. Treasury 10-year yield rose 3.5 basis points at 2.031 percent, putting some distance between a 2-1/2-year low of 1.974 percent recorded on June 20. The European currency traded 0.4 percent down at 1.1323, having touched a high of 1.1412 on Tuesday, its highest since Mar. 21. FxWirePro's Hourly Euro Strength Index stood at -87.57 (Slightly Bearish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, EZ Markit manufacturing PMI, unemployment rate and ECB De Guindos and Lane's speech, ahead of the U.S. construction spending and manufacturing PMI from both Markit and ISM. Immediate resistance is located at 1.1437 (Mar. 21 High), a break above targets 1.1474 (Dec. 21 High). On the downside, support is seen at 1.1290 (June 10 Low), a break below could drag it below 1.1251 (June 7 Low).

USD/JPY: The dollar rallied to a 1-1/2 week peak as risk sentiment improved after U.S. President Donald Trump at the end of the meeting with Chinese President Xi Jinping in Japan stated that he would hold back on tariffs and that China will buy more farm products. The pair was trading 0.4 percent up at 108.30, having hit a low of 106.78 on Tuesday, its lowest since Jan. 3. FxWirePro's Hourly Yen Strength Index stood at -69.96 (Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. construction spending and manufacturing PMI from both Markit and ISM. Immediate resistance is located at 108.80 (June 11 High), a break above targets 109.08 (Jan. 8 Low). On the downside, support is seen at 107.81 (Jun. 5 Low), a break below could take it lower at 107.24 (June 24 Low).

GBP/USD: Sterling declined below the 1.2700 handle, after Boris Johnson, the frontrunner of the Conservative party leadership contest, stated that Britain will leave the European Union on October 31 with a deal or without a deal. The major traded 0.1 percent down at 1.2682, having hit a high of 1.2783 on Tuesday, it’s highest since May 21. FxWirePro's Hourly Sterling Strength Index stood at 49.28 (Neutral) 0500 GMT. Investors’ attention will remain on the UK Markit manufacturing PMI, consumer credit and M4 money supply, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2743 (June 5 High), a break above could take it near 1.2798 (May 17 High). On the downside, support is seen at 1.2642 (Jun. 21 Low), a break below targets 1.2611 (May 29 Low). Against the euro, the pound was trading 0.2 percent up at 89.30 pence, having hit a low of 89.92 on Friday, it’s lowest since Jan. 11.

AUD/USD: The Australian dollar plunged as the Reserve Bank of Australia is seen all but certain to slash its cash rate again at its July 2 board meeting to a new all-time low of 1.00 percent. Moreover, the selling pressure around the major intensified after data showed China's factory activity unexpectedly shrank in June as domestic and export demand faltered. The Aussie trades 0.4 percent down at 0.6993, having hit a high of 0.7034 earlier, it’s highest since Jun. 7. FxWirePro's Hourly Aussie Strength Index stood at 100.92 (Highly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6964 (June 7 Low), a break below targets 0.6925 (June 12 Low). On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7097 (Mar. 13 High).

NZD/USD: The New Zealand dollar slumped, halting a 10-day rally on news that New Zealand's central bank proposal to raise capital ratio requirements for banks would impact the agricultural sector and small businesses the most due to rising borrowing costs. The Kiwi trades 0.3 percent down at 0.6697, having touched a high of 0.6726 earlier, its highest level April 18. FxWirePro's Hourly Kiwi Strength Index was at 133.40 (Highly Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6771 (Apr. 11 High), a break above could take it near 0.6799 (Apr. 4 High). On the downside, support is seen at 0.6671 (5-DMA), a break below could drag it below 0.6654 (Apr. 30 Low).



Equities Recap

Asian shares rallied as the United States and China agreed to restart trade talks after President Donald Trump offered concessions to his Chinese counterpart Xi Jinping over the weekend.

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

Tokyo's Nikkei rallied 2.1 percent to 21,729.97 points, Australia's S&P/ASX 200 index gained 0.5 percent to 6,648.10 points and South Korea's KOSPI surged 0.1 percent to 2,132.48 points.

Hong Kong’s Hang Seng traded 0.3 percent lower at 28,542.62 points. Taiwan shares added 1.5 percent to 10,895.46 points.

Shanghai composite index rose 2.05 percent to 3,038.83 points, while CSI 300 index traded 2.7 percent up at 3,928.03 points.



Commodities Recap

Crude Oil prices surged more than 3 percent after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week. International benchmark Brent crude was trading 3.01 percent higher at $66.32 per barrel by 0511 GMT, having hit a high of $66.83 on Wednesday, its highest since May 30. U.S. West Texas Intermediate was trading 3.01 percent up at $59.88 a barrel, after rising as high as $60.06 earlier, its highest since the May 23.

Gold prices declined more than 1 percent to hit their lowest in a week, as a stronger dollar and hopes of a trade deal between the United States and China improved risk appetite. Spot gold was trading 1.4 percent down at $1,390.45 per ounce by 0514 GMT, having touched a high of $1,439.14 on Tuesday, its highest since May 14, 2013. U.S. gold futures slipped 1.1 percent to $1,398.50 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#513

Post by B0N3 » Tue Jul 02, 2019 6:47 pm

Asia Roundup:
Aussie eases as RBA cuts rate, greenback gains as progress in U.S.-China talks eases pressure off Fed to cut rates, Asian shares rally –
Tuesday, July 2nd, 2019







Market Roundup

Australia's central bank cuts rates to 1%, likely not done yet

Australian government close to securing enough votes for $110 bln tax cut plan

Trump says any China trade deal would need to be somewhat tilted in U.S. favor

USTR proposes $4 bln in potential additional tariffs over EU aircraft subsidies

Trump says Iran 'playing with fire' with uranium enrichment

Japan Inc's inflation expectations stagnate, keep BOJ under pressure

China says to push forward opening up of financial, manufacturing sectors

OPEC extends oil cut to prop up prices as economy weakens



Economic Data Ahead

(0430 ET/0830 GMT) UK Jun Markit/CIPS Cons PMI, 49.3 f'cast, 48.6 prev

(0500 ET/0900 GMT) EZ May Producer Prices MM, -0.1% f'cast, -0.3% prev

(0500 ET/0900 GMT) EZ May Producer Prices YY, 1.7% f'cast, 2.6% prev



Key Events Ahead

(0430 ET/0830 GMT) Dutch central bank president Klaas Knot and Lithuanian central bank Governor Vitas Vasiliauskas speak in Vilnius

(1005 ET/1405 GMT) BoE's Mark Carney attends Local Government Association Annual Conference and Exhibition in Bournemouth

(1100 ET/1500 GMT) Cleveland Fed's Loretta Mester participates in Distinguished Speakers Seminar, European Economics and Financial Centre in London



FX Beat

DXY: The dollar index rose to a near 2-week peak, as the United States and China trade agreement took little pressure off Federal Reserve to cut interest rates. The greenback against a basket of currencies traded 0.05 percent up at 96.80, having touched a high of 96.88 earlier, its highest since June 20. FxWirePro's Hourly Dollar Strength Index stood at 67.14 (Bullish) by 0500 GMT.

EUR/USD: The euro declined to a near 2-week low after the European Central Bank policymakers stated the Eurozone inflation remains unacceptably low and the ECB will ease policy further if necessary to boost price pressures. The European currency traded 0.05 percent down at 1.1280, having touched a low of 1.1275 earlier, its lowest since June 20. FxWirePro's Hourly Euro Strength Index stood at -19.11 (Neutral) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, EZ producer price index, ahead of the U.S. ISM – NY business conditions index and Fed William's speech. Immediate resistance is located at 1.1308 (23.6% retracement of 1.1412 and 1.1275), a break above targets 1.1343 (50% retracement). On the downside, support is seen at 1.1251 (June 7 Low), a break below could drag it below 1.1203 (June 17 Low).

USD/JPY: The dollar eased as risk sentiment weakened after the U.S. government threatened tariffs on $4 billion of additional European Union goods in a long-running dispute over aircraft subsidies. Moreover, data showing U.S. manufacturing activity slowed to a near 3-year low in June further undermined the bid tone around the greenback. The pair was trading 0.1 percent down at 108.32, having hit a high of 108.53 on Monday, its highest since Jun. 19. FxWirePro's Hourly Yen Strength Index stood at -30.45 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. ISM – NY business conditions index and Fed William's speech. Immediate resistance is located at 108.80 (June 11 High), a break above targets 109.08 (Jan. 8 Low). On the downside, support is seen at 107.81 (Jun. 5 Low), a break below could take it lower at 107.24 (June 24 Low).

GBP/USD: Sterling plunged to a near 2-week low, amid growing concerns that Boris Johnson, the favourite to replace Prime Minister Theresa May, will push to leave the European Union with or without a deal by Oct. 31. The major traded 0.05 percent down at 1.2630, having hit a low of 1.2626 earlier, it’s lowest since June 19. FxWirePro's Hourly Sterling Strength Index stood at -35.44 (Neutral) 0500 GMT. Investors’ attention will remain on the UK Markit construction PMI, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2674 (10-DMA), a break above could take it near 1.2743 (June 5 High). On the downside, support is seen at 1.2611 (May 29 Low), a break below targets 1.2580 (June 14 Low). Against the euro, the pound was trading 0.1 percent down at 89.32 pence, having hit a high of 89.19 earlier, it’s highest since Jun. 25.

AUD/USD: The Australian dollar fell to a near 1-week low after the country's central bank reduced its benchmark cash rate a quarter of a percentage point to a record low 1.0 percent, a widely expected move and signalled it could go again, if required. However, the major attempted a minor recovery against a backdrop of growing expectations the Federal Reserve will cut rates due to low inflation and worries about the U.S.-China trade war. The Aussie trades 0.2 percent up at 0.6976, having hit a high of 0.7034 on Monday, it’s highest since Jun. 7. FxWirePro's Hourly Aussie Strength Index stood at 46.54 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6941 (June 25 Low), a break below targets 0.6901 (June 13 Low). On the upside, resistance is located at 0.7008 (June 27 High), a break above could take it near 0.7069 (Apr. 30 High).

NZD/USD: The New Zealand dollar consolidated within narrow ranges as the Reserve Bank of New Zealand is also seen on an easing path, with markets implying around a 69 percent probability of a quarter-point cut on Aug. 7. The Kiwi trades flat at 0.6670, having touched a high of 0.6726 on Monday, its highest level April 18. FxWirePro's Hourly Kiwi Strength Index was at -26.50 (Neutral) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6721 (June. 28 High), a break above could take it near 0.6771 (Apr. 11 High). On the downside, support is seen at 0.6626 (10-DMA), a break below could drag it below 0.6592 (June 26 Low).



Equities Recap

Asian shares surged as investors were now turning to the prospects of actual progress in U.S.-China talks to settle the dispute that has dented global trade.

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

Tokyo's Nikkei rallied 0.1 percent to 21,754.27 points, Australia's S&P/ASX 200 index gained 0.1 percent to 6,653.20 points and South Korea's KOSPI declined 0.3 percent to 2,124.14 points.

Hong Kong’s Hang Seng traded 1.3 percent higher at 28,920.25 points. Taiwan shares shed 0.3 percent to 10,865.12 points.

Shanghai composite index rose 0.05 percent to 3,045.09 points, while CSI 300 index traded 0.05 percent up at 3,938.33 points.



Commodities Recap

Crude Oil prices declined as weak global data raised concerns about future demand for the commodity, although OPEC's decision to extend supply cuts until next March limited downside. International benchmark Brent crude was trading 0.3 percent lower at $64.98 per barrel by 0502 GMT, having hit a low of $64.00 on Friday, its lowest since June 21. U.S. West Texas Intermediate was trading 0.3 percent down at $58.95 a barrel, after rising as high as $60.26 on Monday, its highest since the May 23.

Gold prices surged, boosted by a safe-haven sentiment rising from weak global manufacturing data that hinted at an economic slowdown. Spot gold was 0.5 percent up at $1,390.85 per ounce by 0505 GMT, having touched a low of $1,381.62 on Monday, its lowest since June 20. U.S. gold futures were up 0.2 percent at $1,391.70 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#514

Post by B0N3 » Wed Jul 03, 2019 7:50 pm

Asia Roundup:
Yen at 1-week peak against dollar as trade optimism fades, euro consolidates following Washington’s threat, Asian shares decline –
Wednesday, July 3rd, 2019








Economic Data Ahead

(0915 ET/1315 GMT) Italy Markit/IHS Svcs PMI

(0915 ET/1315 GMT) Italy Composite PMI

(0920 ET/1320 GMT) France Markit Serv PMI

(0920 ET/1320 GMT) France Markit Comp PMI

(0925 ET/1325 GMT) Germany Markit Services PMI

(0925 ET/1325 GMT) Germany Markit Comp Final PMI

(0930 ET/1330 GMT) Euro Zone Markit Serv Final PMI

(0930 ET/1330 GMT) Euro Zone Markit Comp Final PMI

(1000 ET/1400 GMT) United Kingdom Markit/CIPS Serv PMI

(1000 ET/1400 GMT) United Kingdom Composite PMI

(1000 ET/1400 GMT) United Kingdom Reserve Assets Total



Key Events Ahead

No significant events scheduled



FX Beat

DXY: The dollar index declined as the 10-year U.S. Treasury yield extended an overnight fall and recorded a fresh 2-1/2-year low of 1.965 percent. The greenback against a basket of currencies traded 0.05 percent down at 96.75, having touched a high of 96.88 on Tuesday, its highest since June 20. FxWirePro's Hourly Dollar Strength Index stood at -25.07 (Neutral) by 0500 GMT.

EUR/USD: The euro consolidated near 2-week low as investor sentiment weakened following Washington’s threat of tariffs on $4 billion of additional European Union goods in a long-running dispute over aircraft subsidies. The European currency traded flat at 1.1285, having touched a low of 1.1275 on Tuesday, its lowest since June 20. FxWirePro's Hourly Euro Strength Index stood at 99.99 (Slightly Bullish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, EZ Markit service PMI, ahead of the U.S. trade balance, unemployment benefit claims, factory orders and service PMI by both Markit and ISM. Immediate resistance is located at 1.1327 (38.2% retracement of 1.1412 and 1.1275), a break above targets 1.1360 (61.8% retracement). On the downside, support is seen at 1.1251 (June 7 Low), a break below could drag it below 1.1203 (June 17 Low).

USD/JPY: The dollar declined to a 1-week low, as fading optimism over near-term U.S.-China trade deal revived safe-haven demand and drove U.S. yields lower. The pair was trading 0.2 percent down at 107.68, having hit a low of 107.53 earlier, its lowest since Jun. 26. FxWirePro's Hourly Yen Strength Index stood at -99.97 (Slightly Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. trade balance, unemployment benefit claims, factory orders and service PMI by both Markit and ISM. Immediate resistance is located at 108.36 (June 4 High), a break above targets 108.80 (June 11 High). On the downside, support is seen at 107.24 (June 24 Low), a break below could take it lower at 106.78 (June 25 Low).

GBP/USD: Sterling plunged to a 2-week low as investors increased their bets on Bank of England easing after BoE’s Carney stated that a global trade war and a no-deal Brexit were growing risks to Britain’s economy which might require more help to cope with a downturn. The major traded 0.05 percent down at 1.2586, having hit a low of 1.2584 earlier, it’s lowest since June 19. FxWirePro's Hourly Sterling Strength Index stood at 72.86 (Bullish) 0500 GMT. Investors’ attention will remain on the UK Markit service PMI, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2655 (5-DMA), a break above could take it near 1.2743 (June 5 High). On the downside, support is seen at 1.2558 (May 31 Low), a break below targets 1.2506 (June 18 Low). Against the euro, the pound was trading 0.1 percent down at 89.69 pence, having hit a high of 89.19 on Tuesday, it’s highest since Jun. 25.

AUD/USD: The Australian dollar rose, extending previous session gains after the Reserve Bank of Australian cut interest rates but offered a more balanced outlook. The Aussie trades 0.05 percent up at 0.6995, having hit a high of 0.7034 on Monday, it’s highest since Jun. 7. FxWirePro's Hourly Aussie Strength Index stood at 44.8 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6941 (June 25 Low), a break below targets 0.6901 (June 13 Low). On the upside, resistance is located at 0.7022 (June 7 High), a break above could take it near 0.7069 (Apr. 30 High).



Equities Recap

Asian shares plunged as optimism over the latest U.S.-China trade truce was offset by fresh concerns over Washington’s threat of tariffs on additional European goods.

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

Tokyo's Nikkei declined 0.5 percent to 21,638.16 points, Australia's S&P/ASX 200 index gained 0.5 percent to 6,685.50 points and South Korea's KOSPI eased 1.2 percent to 2,096.02 points.

Hong Kong’s Hang Seng traded 0.3 percent lower at 28,797.01 points. Taiwan shares shed 1.1 percent to 10,743.77 points.

Shanghai composite index index fell 0.9 percent to 3,015.09 points, while CSI 300 index traded 1.1 percent down at 3,893.09 points.



Commodities Recap

Crude Oil prices rose after a steep fall in the previous session, supported by extended output cuts by OPEC and its allies, although concerns over a slowing global economy capped upside. International benchmark Brent crude was trading 0.05 percent higher at $62.59 per barrel by 0515 GMT, having hit a low of $62.21 on Monday, its lowest since June 20. U.S. West Texas Intermediate was trading 0.2 percent up at $56.45 a barrel, after falling as low as $56.07 on Tuesday, its lowest since the June 20.

Gold prices rallied a 1-week high, helped by a subdued greenback as renewed concerns over global trade boosted safe-haven demand. Spot gold rose 0.7 percent at $1,427.27 per ounce by 0520 GMT, having touched a high of $1,437.66 earlier, its highest since June 25. U.S. gold futures were up 2.1 percent at $1,437.7 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#515

Post by B0N3 » Tue Jul 09, 2019 7:23 pm

Asia Roundup:
Aussie eases as business confidence deteriorates, greenback at 3-week high as bets for aggressive Fed rate cut reduce, Asian shares slump –
Tuesday, July 9th, 2019



Market Roundup

Markets shift focus to Fed's Powell 2-day testimony

Investors reprice chance of Fed cut after U.S. jobs data

Turkey's lira plunges after the dismissal of central bank governor



Economic Data Ahead

(0400 ET/0800 GMT) Italy Retail Sales s.a (May)

(0400 ET/0800 GMT) Italy Retail Sales n.s.a (May)

(0600 ET/1000 GMT) U.S. NFIB Business Optimism Index (June)



Key Events Ahead

No Significant Events Ahead



FX Beat

DXY: The dollar index was close to a 3-week peak, as investors await Fed chief Jerome Powell’s comments in two-day testimony to Congress beginning on Wednesday to determine how far the U.S. central bank will lower interest rates. The greenback against a basket of currencies traded 0.1 percent up at 97.44, having touched a high of 97.46 earlier, its highest since June 19.

EUR/USD: The euro steadied after falling to a near 2-1/2 week low in the previous session on greenback’s strength and weakness in the German industrial sector. The European currency traded flat at 1.1216, having touched a low of 1.1207 on Friday, its lowest since June 19. Investors’ attention will remain on data out of the Eurozone economies, ahead of the U.S. JOLTS job opening and speeches by Fed officials. Immediate resistance is located at 1.1256 (23.6% retracement of 1.1412 and 1.1207), a break above targets 1.1310 (50.0% retracement). On the downside, support is seen at 1.1203 (June 17 Low), a break below could drag it below 1.1160 (June 3 Low).

USD/JPY: The dollar rallied to a 5-1/2 week peak as a stronger-than-expected increase in U.S. jobs in June tempered traders' expectations of a sharp Federal Reserve rate cut at the end of July. The robust job gain slashed expectations of a 50 basis point rate cut at the Fed's July 30-31 policy meeting, although other data showing the U.S. economy was losing steam indicated a quarter-point rate cut. The pair was trading 0.05 percent up at 108.76, having hit a high of 108.86 earlier, its highest since May 31. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. JOLTS job opening and speeches by Fed officials. Immediate resistance is located at 109.08, a break above targets 109.62 (May 31 High). On the downside, support is seen at 108.21 (June 12 Low), a break below could take it lower at 107.81 (June 5 Low).

GBP/USD: Sterling eased, extending losses for the third straight session on speculation the Bank of England will soon ease monetary policy in response to growing worries about the global economy and Britain’s exit from the European Union. The major is likely to remain on the downside after data released earlier showed, sales at British retailers rose at their slowest average pace on record over the past year as worries about Brexit dented consumer sentiment. The major traded eased to 1.2504, having hit a low of 1.2481 on Friday, it’s lowest since Jan. 3. Investors’ attention will remain on development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2564 (June 18 High), a break above could take it near 1.2613 (10-DMA). On the downside, support is seen at 1.2481 (July 5 Low), a break below targets 1.2445. Against the euro, the pound was trading 0.1 percent down at 89.65 pence, having hit a high of 89.19 last week, it’s highest since Jun. 25.

AUD/USD: The Australian dollar plunged to a near 2-week low after a survey showed domestic business confidence eased in June even as interest rates hit record lows. National Australia Bank’s index of business confidence fell 5 points to +2 in June, while in contrast, business conditions rose 2 points to +3, reversing a decline in May. The Aussie trades 0.3 percent down at 0.6953, having hit a low of 0.6951 earlier, it’s lowest since June 26. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6928 (June 24 Low), a break below targets 0.6901 (June 13 Low). On the upside, resistance is located at 0.6994 (June 26 High), a break above could take it near 0.7048 (May 7 High).

NZD/USD: The New Zealand dollar consolidated within narrow ranges, as investors refrained from taking big positions amid speculation that the Reserve Bank of New Zealand will cut interest rates again at its next meeting in August. The Kiwi trades flat at 0.6622, having touched a low of 0.6602 on Friday, its lowest level June 26. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6671 (10-DMA), a break above could take it near 0.6726 (July 1 High). On the downside, support is seen at 0.6592 (June 26 Low), a break below could drag it below 0.6554 (June 21 Low).



Equities Recap

Asian shares plunged to a 2-1/2 week low as investors scaled back Fed rate cut expectations following unexpectedly strong gains in U.S. jobs for June.

MSCI's broadest of Asia-Pacificshares outside Japan slumped 0.5 percent, to its lowest since June 20.

Tokyo's Nikkei gained 0.2 percent to 21,565.15 points, Australia's S&P/ASX 200 index fell 0.1 percent to 6,665.70 points and South Korea's KOSPI tumbled 0.5 percent to 2,054.22 points.

Hong Kong’s Hang Seng traded 0.7 percent lower at 28,138.12 points. Taiwan shares shed 0.5 percent to 10,702.78 points.

Shanghai composite index eased 0.2 percent to 2,927.95 points, while CSI 300 index traded 0.3 percent down at 3,791.72 points.



Commodities Recap

Crude Oil prices declined amid worries over the outlook for demand after the latest signs that international trade disputes have been weighing on the global economy, although the potential for conflicts in the Middle East limited downside. International benchmark Brent crude was trading 0.05 percent lower at $63.90 per barrel by 0516 GMT, having hit a low of $62.06 on Wednesday, its lowest since June 19. U.S. West Texas Intermediate was trading 0.1 percent down at $57.45 a barrel, after falling as low as $56.03 on Wednesday, its lowest since the June 20.

Gold prices eased as the greenback held near multi-week highs on reduced expectations of an aggressive U.S. rate cut. Spot gold was 0.05 percent down at $1,395.61 per ounce by 0518 GMT, having touched a high of $1,437.66 on Wednesday, its highest since June 25. U.S. gold futures were down 0.2 percent at $1,396.50 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#516

Post by B0N3 » Wed Jul 10, 2019 8:28 pm

Asia Roundup:
Aussie slumps as consumer sentiment deteriorate, greenback steadies as bets on deep U.S. rate cuts ease, investors eye UK GDP –
Wednesday, July 10th, 2019



Market Roundup

Dollar regains as markets reprice chance of Fed easing

Expectations of a Fed 50-basis-point cut reduce

JGB futures touch 3-week low

Sterling on defensive due to rate cut speculation

Gold eased ahead of Powell testimony, FOMC minutes

Oil prices rise as data shows bigger-than-expected fall in U.S. stockpiles



Economic Data Ahead

(0430 ET/0830 GMT) UK Manufacturing production YY (May)

(0430 ET/0830 GMT) UK Manufacturing production MM (May)

(0430 ET/0830 GMT) UK industrial production YY (May)

(0430 ET/0830 GMT) UK industrial production MM (May)

(0430 ET/0830 GMT) UK Trade balance; non-EU (May)

(0430 ET/0830 GMT) UK Total Trade balance (May)

(0430 ET/0830 GMT) UK Goods Trade balance (May)

(0430 ET/0830 GMT) UK Gross Domestic Product MM (May)



Key Events Ahead

N/A ECB Non-Monetary Policy meeting



FX Beat

DXY: The dollar index held gains near a 3-week peak as the benchmark 10-year Treasury yield rose to 2.0752 percent, up from a 2-1/2-year low of 1.9390 percent recorded on July 3. The greenback against a basket of currencies traded 0.05 percent up at 97.50, having touched a high of 97.59 on Tuesday, its highest since June 19.

EUR/USD: The euro consolidated near a 3-week low hit in the previous session, as the greenback rallied across the board ahead of Fed chief Jerome Powell’s testimony to the U.S. Congress. Moreover, downbeat German factory activity data released earlier in the week further dented the bid tone around the major. The European currency traded flat at 1.1206, having touched a low of 1.1193 on Tuesday, its lowest since June 19. Investors’ attention will remain on the non-monetary policy ECB meeting, ahead of the U.S. wholesale investors and Fed Chair Powell's testimony. Immediate resistance is located at 1.1246 (23.6% retracement of 1.1412 and 1.1193), a break above targets 1.1304 (50.0% retracement). On the downside, support is seen at 1.1181 (June 18 Low), a break below could drag it below 1.1141 (May 21 Low).

USD/JPY: The dollar rallied to a near 1-1/2 month high as expectations for a 50 basis point (bps) rate cut at a Fed meeting later this month eased. However, investors expect a 25 bps cut due to weak inflation and worries about growing business fallout from the U.S.-China trade war. The pair was trading up at 108.89, having hit a high of 108.99 earlier, its highest since May 31. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. wholesale investors and Fed Chair Powell's testimony. Immediate resistance is located at 109.08, a break above targets 109.62 (May 31 High). On the downside, support is seen at 108.46 (June 17 Low), a break below could take it lower at 107.81 (June 5 Low).

GBP/USD: Sterling plunged, extending losses for the fourth straight session, amid increasing Brexit worries and growing expectations of a Bank of England rate cut. Investors now await British gross domestic product and industrial output due later in the day and the BoE's financial stability report on Thursday that could help traders gauge whether the central bank will take a more dovish view of the economy. The major traded eased 0.1 percent to 1.2447, having hit a low of 1.2439 on Tuesday, it’s lowest since Jan. 3. Investors’ attention will remain on the UK manufacturing prod., industrial production, trade balance and gross domestic product figures, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2521 (23.6% retracement of 1.2783 and 1.2439), a break above could take it near 1.2611 (50% retracement). On the downside, support is seen at 1.2400, a break below targets 1.2363. Against the euro, the pound was trading 0.2 percent down at 90.02 pence, having hit a low of 90.05 earlier, it’s lowest since Jan. 11.

AUD/USD: The Australian dollar slumped to a 2-1/2 week low after data showed domestic consumer sentiment fell to a 2-year low that could prompt another rate cut from the Reserve Bank of Australia and pressure the government to offer more fiscal support. The Aussie trades 0.1 percent down at 0.6919, having hit a low of 0.6916 earlier, it’s lowest since June 21. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6901 (June 13 Low), a break below targets 0.6871 (May 22 Low). On the upside, resistance is located at 0.6994 (June 26 High), a break above could take it near 0.7048 (May 7 High).

NZD/USD: The New Zealand dollar tumbled to a near 3-week low as investors ponder how far the Reserve Bank of New Zealand will lower rates. The RBNZ is expected to cut interest rates again at its next meeting in August. The Kiwi trades 0.1 percent down at 0.6600, having touched a low of 0.6565 earlier, its lowest level June 21. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6648 (5-DMA), a break above could take it near 0.6726 (July 1 High). On the downside, support is seen at 0.6554 (June 21 Low), a break below could drag it below 0.6526 (June 3 Low).



Equities Recap

Asian shares edged up as markets wondered if the Federal Reserve would confirm or confound expectations for U.S. policy easing this month.

MSCI's broadest of Asia-Pacificshares outside Japan surged 0.2 percent.

Tokyo's Nikkei declined 0.2 percent to 21,533.48 points, Australia's S&P/ASX 200 index rose 0.4 percent to 6,689.80 points and South Korea's KOSPI rallied 0.3 percent to 2,058.78 points.

Hong Kong’s Hang Seng traded 0.3 percent higher at 28,196.00 points. Taiwan shares added 0.9 percent to 10,798.48 points.

Shanghai composite index eased 0.5 percent to 2,914.60 points, while CSI 300 index traded 0.2 percent down at 3,784.55 points.



Commodities Recap

Crude Oil prices surged after an industry group reported that U.S. stockpiles fell for a fourth week in a row, easing concerns about oversupply amid global trade tensions. International benchmark Brent crude was trading 0.5 percent higher at $64.76 per barrel by 0601 GMT, having hit a low of $62.06 last week, its lowest since June 19. U.S. West Texas Intermediate was trading 0.5 percent up at $58.63 a barrel, after falling as low as $56.03 last week, its lowest since the June 20.

Gold prices eased as the greenback rallied on expectations of a less dovish U.S. Federal Reserve, ahead of a testimony from the Chairman Jerome Powell. Spot gold was trading 0.4 percent down at $1,392.54 per ounce by 0604 GMT, having touched a high of $1,437.66 last week, its highest since June 25. U.S. gold futures slipped 0.4 percent to $1,394.90 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#517

Post by B0N3 » Thu Jul 11, 2019 8:33 pm

Asia Roundup:
Antipodeans gain as Fed flags lower rates, greenback eases as U.S. Treasury yield tumble on Fed Chair Powell’s comments, Asian shares rally – Thursday, July 11th, 2019



Market Roundup

Fed's Powell bolsters rate cut bets

JGB yields track Treasuries lower as Powell raises rate-cut hopes

Gold hits 1-week high on Fed Powell's comments

Powell: central bank stands ready to “act as appropriate”



Economic Data Ahead

N/A ECB Non-Monetary Policy meeting



Key Events Ahead

(0615 ET/1015 GMT) ECB Coeure's speech



FX Beat

DXY: The dollar index plunged to a 6-day low after Federal Reserve Chair Jerome Powell highlighted that the U.S. economy is still under threat from disappointing factory activity, tame inflation and a simmering trade war, reinforcing prospects of a U.S. interest rate cut later this month. The greenback against a basket of currencies traded 0.2 percent down at 96.93, having touched a high of 97.59 on Tuesday, its highest since June 19.

EUR/USD: The euro rallied to a near 1-week peak, as the greenback weakened after comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut later this month. The European currency traded 0.2 percent up at 1.1275, having touched a high of 1.1280 earlier, its highest since July 5. Investors’ attention will remain on the ECB monetary policy meeting accounts, ahead of the U.S. unemployment benefit claims, consumer price index and Fed Chair Powell's testimony. Immediate resistance is located at 1.1304 (50.0% retracement of 1.1412 and 1.1193), a break above targets 1.1366 (78.6% retracement). On the downside, support is seen at 1.1207 (July 5 Low), a break below could drag it below 1.1181 (June 18 Low).

USD/JPY: The dollar declined, extending previous session losses, after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month, as the U.S. economy was still under threat from disappointing factory activity, tame inflation and a simmering trade war. Moreover, the minutes from the Fed’s previous policy meeting showed many policymakers thought more stimulus would be needed soon, reviving speculation of an aggressive rate cut. The pair was trading 0.5 percent down at 107.96, having hit a high of 108.99 on Wednesday, its highest since May 31. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims, consumer price index and Fed Chair Powell's testimony. Immediate resistance is located at 109.08, a break above targets 109.62 (May 31 High). On the downside, support is seen at 107.56 (June 28 Low), a break below could take it lower at 107.10 (June 26 Low).

GBP/USD: Sterling advanced, extending gains for the second straight session, as investors continued to digest yesterday's better-than-expected UK GDP figures, that showed the economy's overall output expanded 0.3 percent after contracting by 0.4 percent in April. However, the upside appears limited as worsening economic outlook and rising fears about a no-deal Brexit under a new Prime Minister dented the bid tone around the British pound. The major traded rose 0.3 percent to 1.2530, having hit a low of 1.2439 on Tuesday, it’s lowest since Jan. 3. Immediate resistance is located at 1.2571 (38.2% retracement of 1.2783 and 1.2439), a break above could take it near 1.2652 (61.8% retracement). On the downside, support is seen at 1.2443 (July 10 Low), a break below targets 1.2400. Against the euro, the pound was trading flat at 89.95 pence, having hit a low of 90.10 on Wednesday, it’s lowest since Jan. 11.

AUD/USD: The Australian dollar rose to a 3-day high as the greenback plummeted across the board after the Federal Open Market Committee meeting minutes reiterated policymakers’ support for monetary easing. The Aussie trades 0.2 percent up at 0.6971, having hit a low of 0.6910 on Wednesday, it’s lowest since June 21. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6901 (June 13 Low), a break below targets 0.6871 (May 22 Low). On the upside, resistance is located at 0.6994 (June 26 High), a break above could take it near 0.7048 (May 7 High).

NZD/USD: The New Zealand dollar gained as dovish signals from the U.S. Federal Reserve send the treasury yields and the greenback sharply lower. The Kiwi trades 0.3 percent up at 0.6664, having touched a low of 0.6565 on Wednesday, its lowest level June 21. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6694 (July 5 High), a break above could take it near 0.6726 (July 1 High). On the downside, support is seen at 0.6602 (July 5Low), a break below could drag it below 0.6554 (June 21 Low).



Equities Recap

Asian shares rose amid growing concerns Federal Reserve policymakers considering cutting rates for the first time in a decade.

MSCI's broadest of Asia-Pacificshares outside Japan advanced 0.8 percent.

Tokyo's Nikkei rallied 0.5 percent to 21,643.53 points, Australia's S&P/ASX 200 index rose 0.4 percent to 6,716.10 points and South Korea's KOSPI surged 1.1 percent to 2,080.58 points.

Hong Kong’s Hang Seng traded 0.7 percent higher at 28,408.08 points. Taiwan shares added 0.4 percent to 10,843.42 points.

Shanghai composite index gained 0.05 percent to 2,916.71 points, while CSI 300 index traded 0.1 percent down at 3,783.06 points.



Commodities Recap

Crude Oil prices rallied to a 6-week high as a storm built in the Gulf of Mexico, threatening crude output, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region. International benchmark Brent crude was trading 0.9 percent higher at $67.19 per barrel by 0455 GMT, having hit a high of $67.33 earlier, its highest since May 30. U.S. West Texas Intermediate was trading 0.7 percent up at $60.67 a barrel, after rising as high as $60.81 earlier, its highest since the May 23.

Gold surged to their highest level in over a week as the greenback pulled back from multi-week highs after comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut later this month. Spot gold was trading 0.3 percent up at $1,423.03 per ounce by 0520 GMT, having touched a high of $1,427.06 earlier, its highest since July 3. U.S. gold futures jumped 1.1 percent to $1,427.40 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#518

Post by B0N3 » Fri Jul 12, 2019 7:51 pm

Asia Roundup:
Antipodeans extend gains, greenback eases on aggressive Fed rate cut expectations, Asian shares consolidate –
Friday, July 12th, 2019



Market Roundup

Strong U.S. inflation tempers chance of aggressive Fed rate cut

Gold rises on fresh trade tensions, Fed rate cut bets

Crude oil at 6-week highs amid Gulf of Mexico storm, Middle East tensions



Economic Data Ahead

(0500 ET/0900 GMT) EZ industrial production w.d.a YoY May

(0500 ET/0900 GMT) EZ industrial production s.a MoM May



Key Events Ahead

(1000 ET/14000 GMT) Fed Evan's speech



FX Beat

DXY: The dollar index plunged amid growing expectations of a more aggressive 50 basis point cut at the Fed's July 30-31 meeting. The greenback against a basket of currencies traded 0.1 percent down at 96.94, having touched a high of 97.59 on Tuesday, its highest since June 19.

EUR/USD: The euro rose, extending gains for the third straight session, as the greenback eased as markets priced for a quarter percentage point cut as U.S. policymakers seek to support a slowing economy. The European currency traded 0.2 percent up at 1.1274, having touched a high of 1.1286 on Thursday, its highest since July 5. Investors’ attention will remain on the Eurozone industrial production, ahead of the U.S. producer price index and Fed Evan's speech. Immediate resistance is located at 1.1304 (50.0% retracement of 1.1412 and 1.1193), a break above targets 1.1366 (78.6% retracement). On the downside, support is seen at 1.1207 (July 5 Low), a break below could drag it below 1.1181 (June 18 Low).

USD/JPY: The dollar eased, hovering towards a 6-day low hit in the previous session in response to dovish comments from Fed Chairman Jerome Powell, which revived the chance of a 50 basis-point cut. On Thursday, the major trimmed losses to end flat on the day after stronger-than-expected U.S. inflation data tempered the prospect of an aggressive Federal Reserve interest rate cut later this month. The pair was trading 0.1 percent down at 108.36, having hit a high of 108.99 on Wednesday, its highest since May 31. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. producer price index and Fed Evan's speech. Immediate resistance is located at 109.08, a break above targets 109.62 (May 31 High). On the downside, support is seen at 107.76 (July 2 Low), a break below could take it lower at 107.10 (June 26 Low).

GBP/USD: Sterling surged above the 1.2500 handle, supported by broad-based dollar weakness, however, investors remained wary about Britain’s outlook on growing economic headwinds and political fears. The major traded rose 0.2 percent to 1.2541, having hit a low of 1.2439 on Tuesday, it’s lowest since Jan. 3. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2571 (38.2% retracement of 1.2783 and 1.2439), a break above could take it near 1.2652 (61.8% retracement). On the downside, support is seen at 1.2481(July 5 Low), a break below targets 1.2443 (July 10 Low). Against the euro, the pound was trading flat at 89.87 pence, having hit a low of 90.10 on Wednesday, it’s lowest since Jan. 11.

AUD/USD: The Australian dollar rallied to a 1-week peak as the greenback continued to be on a back foot, despite upbeat inflation numbers. However, the upside appears limited as additional challenges to the U.S.-China trade deal dented investor risk sentiment. The Aussie trades 0.4 percent up at 0.7003, having hit a low of 0.6910 on Wednesday, it’s lowest since June 21. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6941 (June 25 Low), a break below targets 0.6901 (June 13 Low). On the upside, resistance is located at 0.7023 (June 28 High), a break above could take it near 0.7047 (July 4 High).

NZD/USD: The New Zealand dollar advanced as the U.S. dollar weakened after the U.S. Federal Reserve policymakers, including Chairman Jerome Powell, held their bearish bias towards monetary policy easing. The Kiwi trades 0.4 percent up at 0.6683, having touched a low of 0.6565 on Wednesday, its lowest level June 21. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6726 (July 1 High), a break above could take it near 0.6775 (Apr. 17 High). On the downside, support is seen at 0.6602 (July 5Low), a break below could drag it below 0.6554 (June 21 Low).




Equities Recap

Asian shares consolidated within narrow ranges as worries over U.S.-China trade tensions countered optimism stoked by expectations of a Federal Reserve rate cut this month.

MSCI's broadest of Asia-Pacificshares outside Japan advanced 0.1 percent.

Tokyo's Nikkei rallied 0.2 percent to 21,685.90 points, Australia's S&P/ASX 200 index eased 0.3 percent to 6,696.50 points and South Korea's KOSPI surged 0.3 percent to 2,086.66 points.

Hong Kong’s Hang Seng traded 0.3 percent higher at 28,506.46 points. Taiwan shares shed 0.2 percent to 10,824.35 points.

Shanghai gained 0.5 percent to 2,930.64 points, while CSI 300 index traded 0.1 percent up at 3,809.73 points.



Commodities Recap

Crude Oil prices gained, hovering towards a 6-week high hit in the previous session, as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued to simmer in the Middle East. International benchmark Brent crude was trading 0.4 percent higher at $66.99 per barrel by 0535 GMT, having hit a high of $67.63 on Thursday, its highest since May 30. U.S. West Texas Intermediate was trading 0.3 percent up at $60.58 a barrel, after rising as high as $60.91 earlier, its highest since the May 23.

Gold prices rose and were on track to post a weekly gain as renewed U.S.-China trade tensions amid global growth concerns and prospects of an interest rate cut by the U.S. Federal Reserve stoked demand for safe-haven assets. Spot gold was 0.2 percent up at $1,406.20 per ounce by 0542 GMT, having touched a high of $1,427.06 on Thursday, its highest since July 3 and has risen nearly 0.6 percent so far this week. U.S. gold futures were up 0.2% at $1,409.90 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#519

Post by B0N3 » Tue Jul 16, 2019 8:00 pm

Asia Roundup:
Aussie off highs as RBA set to cut rates again, greenback gains as investors eye U.S. retail sales data, Asian shares surge – Tuesday, July 16th, 2019




Market Roundup

Gold prices firm as investors eye U.S. retail sales data

Oil steady as U.S resumes Gulf of Mexico output

RBA ready to cut rates again 'if needed'



Economic Data Ahead

(0430 ET/0830 GMT) United Kingdom Claimant Count Rate June

(0430 ET/0830 GMT) United Kingdom Claimant Count Change June

(0430 ET/0830 GMT) United Kingdom ILO unemployment rate 3M May

(0500 ET/0900 GMT) German ZEW Survey – Economic Sentiment July

(0500 ET/0900 GMT) German ZEW Survey – Current Situation July

(0500 ET/0900 GMT) Italy Consumer price index YY June

(0500 ET/0900 GMT) Italy Consumer price index MM June

(0500 ET/0900 GMT) Italy Consumer price index (EU Norm) YY June

(0500 ET/0900 GMT) Italy Consumer price index (EU Norm) MM June

(0500 ET/0900 GMT) EZ ZEW Survey – Economic Sentiment July

(0500 ET/0900 GMT) EZ Trade Balance s.a. May

(0500 ET/0900 GMT) EZ Trade Balance n.s.a. May



Key Events Ahead

No significant data scheduled



FX Beat

DXY: The dollar index rose, extending previous session gains after U.S. Treasury Secretary Steven Mnuchin said he and U.S. Trade Representative Robert Lighthizer would speak with their Chinese counterparts by phone again this week as part of the recently resumed trade talks. The greenback against a basket of currencies traded 0.1 percent up at 97.00, having touched a low of 96.72 on Friday, its lowest since June 5.

EUR/USD: The euro consolidated within narrow ranges as investors refrained from taking big positions amid growing expectations for a dovish European Central Bank meeting next week. The European currency traded flat at 1.1258, having touched a high of 1.1286 on Thursday, its highest since July 5. Investors’ attention will remain on a series of data from the Eurozone economies and ZEW Survey -Economic sentiment, ahead of the U.S. retail sales, capacity utilization, industrial production, business inventories, NAHB housing market index, and import and export price index. Immediate resistance is located at 1.1304 (50.0% retracement of 1.1412 and 1.1193), a break above targets 1.1366 (78.6% retracement). On the downside, support is seen at 1.1207 (July 5 Low), a break below could drag it below 1.1181 (June 18 Low).

USD/JPY: The dollar rose above the 108.00 handle, as investors awaited the release of U.S. retail sales figures for signs of improvement in the economy. However, the upside appears limited as the yield on benchmark 10-year Treasury notes eased slightly to 2.0852 percent compared with its previous close of 2.092 percent. The pair was trading 0.1 percent up at 108.05, having hit a low of 107.79 on Monday, its lowest since July 5. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. retail sales, capacity utilization, industrial production, business inventories, NAHB housing market index, and import and export price index. Immediate resistance is located at 108.32 (5-DMA), a break above targets 108.80 (July 8 High). On the downside, support is seen at 107.53 (July 3 Low), a break below could take it lower at 107.10 (June 26 Low).

GBP/USD: Sterling eased to a 5-day low, as investors were nervous about the prospect of eurosceptic Boris Johnson winning the Conservative party leadership contest and becoming the next British prime minister as early as the end of this month. The major traded flat at 1.2515, having hit a high of 1.2578 on Friday, it’s highest since July 5. Investors’ attention will remain on the development surrounding Brexit and UK labour market data, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2571 (38.2% retracement of 1.2783 and 1.2439), a break above could take it near 1.2611 (50.0% retracement). On the downside, support is seen at 1.2481 (July 5 Low), a break below targets 1.2439 (July 9 Low). Against the euro, the pound was trading flat at 89.96 pence, having hit a high of 89.55 on Monday, it’s highest since Jul. 9.

AUD/USD: The Australian dollar eased from a 1-1/2 week peak after minutes of the Reserve Bank of Australia’s July policy meeting showed its board decided that cutting rates by another quarter-point would help speed up the economy. The Aussie trades 0.1 percent down at 0.7033, having hit a high of 0.7044 earlier, it’s highest since July 4. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6998 (June 28 Low), a break below targets 0.6941 (June 25 Low). On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7091 (Mar 12 High).

NZD/USD: The New Zealand dollar rallied to a 3-month peak, as investors continued to wager the Reserve Bank of New Zealand would cut rates at its next policy meeting on Aug. 7, as the Fed was also expected to ease by the end of this month. The Kiwi trades 0.2 percent up at 0.6730, having touched a high of 0.6738 earlier, its highest level Apr. 17. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6771 (Apr. 11 High), a break above could take it near 0.6799 (Apr. 4 High). On the downside, support is seen at 0.6663 (5-DMA), a break below could drag it below 0.6602 (July 5 Low).




Equities Recap

Asian shares gained as investors’ awaited U.S. retail sales data and corporate earnings to gauge the health of the economy.

MSCI's broadest of Asia-Pacificshares outside Japan surged 0.2 percent.

Tokyo's Nikkei declined 0.7 percent to 21,535.25 points, Australia's S&P/ASX 200 index eased 0.2 percent to 6,641.00 points and South Korea's KOSPI rose 0.5 percent to 2,091.87 points.

Hong Kong’s Hang Seng traded 0.2 percent higher at 28,595.20 points. Taiwan shares added 0.1 percent to 10,886.05 points.

Shanghai eased 0.2 percent to 2,937.67 points, while CSI 300 index traded 0.4 percent down at 3,807.22 points.



Commodities Recap

Crude Oil prices surged after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend. International benchmark Brent crude was trading 0.5 percent higher at $66.50 per barrel by 0546 GMT, having hit a high of $67.63 on Thursday, its highest since May 30. U.S. West Texas Intermediate was trading 0.5 percent up at $59.58 a barrel, after rising as high as $60.91 on Thursday, its highest since the May 23.

Gold prices rose as investors’ awaited U.S. retail sales data that could provide further insight on the strength of the economy amid lingering concerns over global economic slowdown. Spot gold was trading 0.1 percent up at $1,415.16 per ounce by 0549 GMT, having touched a high of $1,427.06 on Thursday, its highest since July 3. U.S. gold futures were up 0.1 percent at $1,414.90 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: 3415
Joined: Wed May 13, 2015 9:41 am
Status: Offline
Malaysia

#520

Post by B0N3 » Thu Jul 18, 2019 2:06 am

Asia Roundup:
Kiwi gains as global dairy prices surge, greenback rallies on stronger-than-expected, investors eye EZ consumer price index –
Wednesday, July 17th, 2019





Market Roundup

Dollar firm on upbeat U.S. data

Oil prices gain after inventory data

Gold inches down as strong U.S. retail sales boots dollar

Global dairy prices jump 2.7%, ending two-month losing streak



Economic Data Ahead

(0400 ET/0800 GMT) Italy Industrial Orders s.a. MM May

(0400 ET/0800 GMT) Italy Industrial Sales s.a. MM May

(0400 ET/0800 GMT) Italy Industrial Orders n.s.a. YY May

(0400 ET/0800 GMT) Italy Industrial Sales n.s.a. YY May

(0430 ET/0830 GMT) United Kingdom Retail Price index MM June

(0430 ET/0830 GMT) United Kingdom Retail Price index YY June

(0430 ET/0830 GMT) United Kingdom producer price index-output n.s.a. MM June

(0430 ET/0830 GMT) United Kingdom producer price index-output n.s.a. YY June

(0430 ET/0830 GMT) United Kingdom consumer price index YY June

(0430 ET/0830 GMT) United Kingdom consumer price index MM June

(0500 ET/0900 GMT) Eurozone consumer price index MM June

(0500 ET/0900 GMT) Eurozone consumer price index YY June



Key Events Ahead

No significant data scheduled



FX Beat

DXY: The dollar index rallied to a 1-week peak after upbeat U.S. data further tempered expectations of aggressive policy easing by the Federal Reserve later this month. The greenback against a basket of currencies traded 0.1 percent up at 97.43, having touched a low of 96.72 on Friday, its lowest since June 5.

EUR/USD: The euro consolidated near a 1-week low hit in the previous session, as investors expect the European Central Bank to move policy rates deeper into negative later this year as the eurozone economy continues to struggle. The European currency traded flat at 1.1215, having touched a low of 1.1201 on Tuesday, its lowest since July 9. Investors’ attention will remain on the Eurozone consumer price index and construction output, ahead of the U.S. housing starts and building permits. Immediate resistance is located at 1.1246 (23.6% retracement of 1.1412 and 1.1193), a break above targets 1.1278 (38.2% retracement). On the downside, support is seen at 1.1193 (July 9 Low), a break below could drag it below 1.1160 (June 3 Low).

USD/JPY: The dollar steadied after stronger-than-expected June U.S. retail sales data dampened expectations that the Fed could cut interest rates by 50 basis points rather than 25 bps at its month-end policy review. The pair was trading flat at 108.22, having hit a low of 107.79 on Monday, its lowest since July 5. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. housing starts and building permits. Immediate resistance is located at 108.53 (July 1 High), a break above targets 108.80 (July 8 High). On the downside, support is seen at 107.53 (July 3 Low), a break below could take it lower at 107.10 (June 26 Low).

GBP/USD: Sterling traded near a 6-1/2 month low as Boris Johnson and Jeremy Hunt, the two candidates to be Britain's next prime minister, vied to outgun each other on taking a harder Brexit stance. The major traded flat at 1.2409, having hit a low of 1.2396 on Tuesday, it’s lowest since Jan. 3. Investors’ attention will remain on the development surrounding Brexit, UK retail price index, producer price index, and consumer price index ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2439 (23.6% retracement of 1.2578 and 1.2396), a break above could take it near 1.2466 (32.8% retracement). On the downside, support is seen at 1.2373 (Jan. 3 Low), a break below targets 1.2334. Against the euro, the pound was trading flat at 90.35 pence, having hit a low of 90.47 on Tuesday, it’s lowest since Jan. 11.

AUD/USD: The Australian dollar eased, extending previous session losses, weighed down by losses in iron ore futures and news of financial fraud in China. The Aussie trades 0.05 percent down at 0.7008, having hit a high of 0.7044 on Tuesday, it’s highest since July 4. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6985 (July 3 Low), a break below targets 0.6941 (June 25 Low). On the upside, resistance is located at 0.7047 (July 4 High), a break above could take it near 0.7091 (Mar 12 High).

NZD/USD: The New Zealand dollar steadied after falling from a 3-month peak in the previous session after data showed global dairy prices rose, ending a two-month declining streak, in an auction held early in the day. The Kiwi trades 0.05 percent up at 0.6703, having touched a high of 0.6738 on Tuesday, its highest level Apr. 17. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6771 (Apr. 11 High), a break above could take it near 0.6799 (Apr. 4 High). On the downside, support is seen at 0.6664 (July 1 Low), a break below could drag it below 0.6602 (July 5 Low).



Equities Recap

Asian shares eased as investors remained nervous ahead of the earnings reports from corporate America, while the dollar held firm on robust U.S. retail data.

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

Tokyo's Nikkei declined 0.3 percent to 21,469.18 points, Australia's S&P/ASX 200 index rose 0.5 percent to 6,673.30 points and South Korea's KOSPI tumbled 0.9 percent to 2,072.92 points.

Hong Kong’s Hang Seng traded 0.2 percent lower at 28,557.49 points. Taiwan shares shed 0.5 percent to 10,828.48 points.

Shanghai Composite Index eased 0.2 percent to 2,931.69 points, while CSI 300 index traded 0.05 percent down at 3,804.64 points.



Commodities Recap

Crude Oil prices rose after steep falls in the previous session, after U.S. crude inventories fell by 1.4 million barrels in the week to July 12 to 460 million. International benchmark Brent crude was trading 0.3 percent higher at $64.46 per barrel by 0518 GMT, having hit a low of $63.81 on Tuesday, its lowest since July 9. U.S. West Texas Intermediate was trading 0.2 percent up at $57.58 a barrel, after falling as low as $57.06 on Tuesday, its lowest since the July 5.

Gold prices eased, extending losses for the third straight session, as the greenback firmed on robust U.S. retail sales data, while hopes of an interest rate cut by the Federal Reserve and broad uncertainties over trade between Washington and Beijing limited the downside. Spot gold was trading 0.05 percent down at $1,404.94 per ounce by 0525 GMT, having touched a high of $1,427.06 last week, its highest since July 3. U.S. gold futures slipped 0.3 percent to $1,406.70 an ounce.






DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

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



Post Reply
Forexmart