FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

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Re: FirewoodFX - Market News

#541

Post by B0N3 » Thu Aug 15, 2019 12:33 am

Asia Roundup:
Aussie eases on weaker-than-expected Chinese economic data, greenback gains as Trump delays China tariffs, investors eye EZ Q2 prelim GDP – Wednesday, August 14th, 2019





Market Roundup

Australia wage growth stays tepid

Gold holds steady as political, trade woes persist

Oil prices declines as data shows surprise climb in U.S. inventories



Economic Data Ahead

(0245 ET/0645 GMT) France consumer price index EU norm YoY July

(0245 ET/0645 GMT) France consumer price index EU norm MoM July

(0430 ET/0830 GMT) UK retail sales MoM July

(0430 ET/0830 GMT) UK retail sales YoY July

(0430 ET/0830 GMT) UK producer price index – Output YoY n.s.a July

(0430 ET/0830 GMT) UK producer price index – Output MoM n.s.a July

(0430 ET/0830 GMT) UK consumer price index – YoY July

(0430 ET/0830 GMT) UK consumer price index – YoY July

(0500 ET/0900 GMT) EZ preliminary gross domestic product s.a. Q2 YoY

(0500 ET/0900 GMT) EZ preliminary gross domestic product s.a. Q2 QoQ

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

(0500 ET/0900 GMT) EZ industrial production w.s.a. YoY June



Key Events Ahead

(0330 ET/0730 GMT) Reserve Bank of Australia Assistant Governor Guy Debelle's speech



FX Beat

DXY: The dollar index surged to an over 1-week peak as U.S. President Donald Trump backed off his September 1 deadline for 10 percent tariffs on the remaining Chinese imports, delaying duties on cellphones, laptops and other consumer products. The greenback against a basket of currencies traded flat at 97.83, having touched a low of 97.03 on Friday, its lowest since July 19.

EUR/USD: The euro steadied after plunging in the previous session on data showing the sentiment among German investors eased far more than expected in August. Investors now focus on Eurozone's Q2 prelim Gross Domestic Product that could shape the near-term direction of the major. The European currency traded 0.05 percent up at 1.1173, having touched a high of 1.1249 last week, its highest since July 19. Investors’ attention will remain on EZ industrial production and flash Q2 GDP figures, ahead of the U.S. import and export index. Immediate resistance is located at 1.1241 (August 7 High), a break above targets 1.1282 (July 19 High). On the downside, support is seen at 1.1138 (50% retracement of 1.1026 and 1.1249), a break below could drag it below 1.1111 (61.8% retracement).

USD/JPY: The dollar slightly eased after rising to a 1-week peak in the previous session on news that U.S. President Donald Trump would delay some additional tariffs on Chinese products. However, the weakness comes in as weaker-than-expected Chinese economic data reinforced the view that resolving the trade war was a long way off. The major was trading 0.2 percent down at 106.55, having hit a low of 105.05 on Monday, its lowest since Jan 3. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. import and export index. Immediate resistance is located at 107.18 (50.0% retracement of 109.31 and 105.05), a break above targets 107.68 (61.8% retracement). On the downside, support is seen at 106.00 (5-DMA), a break below could take it lower at 105.49 (Aug. 7 Low).

GBP/USD: Sterling eased, extending previous session losses, as uncertainty about how Britain will exit the European Union clouded the outlook for the Bank of England’s monetary policy. The major traded 0.05 percent down at 1.2052, having hit a low of 1.2014 on Monday, it’s lowest since Jan. 2017. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2135 (23.6% retracement of 1.2522 and 1.2079), a break above could take it near 1.2210 (38.2% retracement). On the downside, support is seen at 1.1986 (Jan 16, 2017, Low, a break below targets 1.1904 (Oct 7, 2016, Low). Against the euro, the pound was trading flat at 92.64 pence, having hit a low of 93.24 on Monday, it’s lowest since October 2009.

AUD/USD: The Australian dollar edged lower after data showed growth of China’s industrial output slowed much more than expected to 4.8 percent in July from a year earlier, its slowest pace since February 2002, while retail sales and fixed-asset investment in July also grew less than forecast, highlighting concerns the trade war is damaging the health of the Chinese economy. The Aussie trades 0.1 percent down at 0.6787, having hit a low of 0.6677 last week, it’s lowest since March 2009. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6725, a break below targets 0.6700. On the upside, resistance is located at 6831 (38.2% retracement of 0.7082 and 0.6677), a break above could take it near 0.6879 (50% retracement).

NZD/USD: The New Zealand dollar consolidated within narrow ranges as Reserve Bank of New Zealand is expected to cut the interest rate by the end of the year which would take the OCR below 1 percent. The Kiwi trades flat at 0.6453, having touched a low of 0.6376 last week, its lowest level Jan 2016. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6534 (38.2% retracement of 0.6790 and 0.6376), a break above could take it near 0.6583 (50% retracement). On the downside, support is seen at 0.6400, a break below could drag it below 0.6365.



Equities Recap

Asian shares jumped after Washington delayed tariffs on some Chinese imports and provided the much-needed relief for markets gripped by political and economic turmoil.

MSCI's broadest of Asia-Pacific shares outside Japan increased 0.9 percent.

Tokyo's Nikkei surged 0.9 percent to 20,642.15 points, Australia's S&P/ASX 200 index rallied 0.1 percent to 6,577.10 points and South Korea's KOSPI gained 0.7 percent to 1,938.56 points.

Hong Kong’s Hang Seng traded 0.6 percent higher at 25,427.29 points. Taiwan shares added 0.6 percent to 10,427.73 points.

Shanghai Composite Index rose 0.7 percent to 2,816.12 points, while CSI 300 index traded 0.7 percent up at 3,693.69 points.



Commodities Recap

Crude Oil prices declined after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the previous session that were stoked after Washington said it would delay tariffs on some Chinese goods. International benchmark Brent crude was trading 0.5 percent lower at $60.62 per barrel by 0426 GMT, having hit a high of $61.48 on Tuesday, its highest since August 5. U.S. West Texas Intermediate was trading 0.6 percent down at $56.32 a barrel, after rising as high as $57.43 on Tuesday, its highest since August 1.

Gold prices consolidated around the key $1,500 level, supported by the uncertainty around political risks such as the unrest in Hong Kong amid global growth concerns. Spot gold was trading 0.1 percent down at $1,499.79 per ounce at 0432 GMT, having touched a high of $1,519.75 earlier, its highest since April 2013. U.S. gold futures were down 0.1 percent at $1,512.10 an ounce.








DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

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



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#542

Post by B0N3 » Thu Aug 15, 2019 8:58 pm

Asia Roundup:
Aussie strengthens on robust employment data, Asian markets noticeably down, gold slips below $1,510 mark –
Thursday, August 15, 2019





Market Roundup

Australia employment change July at 41.1K vs 0.5K previous release (expected 14.2K).

Australia unemployment rate stood flat at 5.2 pct.

Japan revised industrial production m/m at -3.3 pct vs -3.6 pct previous release.

South Korea, India, Italy and France markets will remain close for the day.



Economic Data Ahead

(0430 ET/0830 GMT) UK core retail sales m/m, previous 0.9 pct, expected -0.2 pct.

(0430 ET/0830 GMT) UK retail sales m/m, previous 1.0 pct, expected -0.2 pct.

(0600 ET/1000 GMT) Euro reserve assets total, previous 770.65B.

(0830 ET/1230 GMT) U.S. retail sales m/m, previous 0.4, expected 0.3 pct.

(0830 ET/1230 GMT) U.S. Philly Fed manufacturing index, previous 21.8, expected 10.0.



Key Events Ahead

(0330 ET/0730 GMT) Reserve Bank of Australia Assistant Governor Guy Debelle's speech



FX Beat

USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched slightly down 0.08% to 97.91.

EUR/USD: The euro trades marginally higher and currently trading around $1.1150 mark. It made intraday high at $1.1153 and low at $1.1132 mark. A consistent close below $1.1138 will drag the parity down towards key supports around $1.1075, $1.1026 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 flat against U.S. dollar, and consolidates around 105.95 mark. It made intraday high at 106.03 and low at 105.70 levels. A sustained close above 106.70 is required to take the parity higher towards key resistances around 107.56, 108.52, 109.62, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 105.29 will drag the parity down towards key support around 104.20 mark.

GBP/USD: The pound trades almost flat against U.S. dollar and stabilizes above $1.20 mark. A sustained close below $1.2022 requires for dragging the parity down towards key support around $1.1920 and $1.1754 mark respectively. On the other side, key resistances are seen at $1.2226, $1.2383, $1.2576 and $1.2772 levels respectively.

AUD/USD: The Aussie rises against major peers on robust employment data. The pair made intraday high at $0.6783 and low at $0.6745 levels. A consistent close below $0.6747 requires for downside rally. On the other side, a sustained close above $0.6802 will take the parity higher towards $0.6977 and $0.7076 levels respectively.

NZD/USD: The New Zealand dollar falls gradually against U.S. dollar and currently stabilizes below $0.6480 mark. A sustained close above $0.6480 requires for the upside rally. Alternatively, key support was seen at $0.6434 mark.



Equities Recap


Tokyo's Nikkei was trading 1.68 pct lower at 20,320 mark.

Hong Kong’s Hang Seng was trading 0.37 percent lower at 25,209.48 points.



Commodities Recap

Crude Oil prices were trading marginally lower on Thursday after the U.S. Energy Information Administration (EIA) reported a crude inventory build for a second week in a row. U.S. Crude Oil WTI Futures dropped 0.4% to $54.99. International Brent Oil Futures lost 0.6% to $59.12.

Gold reverses previous gain against U.S. dollar and currently touched $1,510 mark. Pair made intraday high at $1,524 and low at $1,510 mark. Sustained close above $1,515 requires for the upside rally. Alternatively, reversal from key resistance will drag the parity down towards $1,497 and $1,445 marks respectively.








DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

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



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#543

Post by B0N3 » Fri Aug 16, 2019 10:10 pm

Asia Roundup:
Aussie rises gradually against U.S. dollar; Asian markets mixed, gold touches $1,527 mark in early Asia –
Friday, August 16, 2019





Market Roundup

Singapore July non – oil exports m/m at 3.7 pct vs -7.8 pct previous release.

Singapore July non – oil exports y/y at -11.20 pct vs -17.40 pct previous release.

Singapore trade balance at 2.830B vs 2.450B previous release.



Economic Data Ahead

(0330 ET/0730 GMT) Thailand forex reserves, currency swap.

(0400 ET/0800 GMT) Taiwan GDP.

(0430 ET/0830 GMT) Hong kong GDP.

(0500 ET/0900 GMT) Euro trade balance.

(0730 ET/1130 GMT) India forex reserve, bank loan growth, deposit growth.



Key Events Ahead

No major key events scheduled for the day.



FX Beat

USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.04% to 98.18.

EUR/USD: The euro trades marginally lower and currently trading around $1.1100 mark. It made intraday high at $1.1112 and low at $1.1095 mark. A consistent close below $1.1106 will drag the parity down towards key supports around $1.1075, $1.1026 and $1.0852 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1158, $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively.

USD/JPY: The Japanese yen trades flat against U.S. dollar and trading around 106.14 mark. It made intraday high at 106.27 and low at 106.02 levels. A sustained close above 106.12 is required to take the parity higher towards key resistances around 106.78, 107.56, 108.52, 109.62, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 105.90 will drag the parity down towards key support around 104.20 mark.

GBP/USD: The pound trades marginally higher against U.S. dollar and stabilizes around $1.21 mark. A sustained close below $1.2022 requires for dragging the parity down towards key support around $1.1920 and $1.1754 mark respectively. On the other side, key resistances are seen at $1.2147, $1.2226, $1.2383, $1.2576 and $1.2772 levels respectively.

AUD/USD: The Aussie strengthens in early Asia and remains well supported above 0.6750 mark. The pair made intraday high at $0.6795 and low at $0.6770 levels. A consistent close below $0.6747 requires for downside rally. On the other side, a sustained close above $0.6802 will take the parity higher towards $0.6977 and $0.7076 levels respectively.

NZD/USD: The New Zealand dollar remains almost unchanged against U.S. dollar and currently stabilizes below $0.6450 mark. A sustained close above $0.6480 requires for the upside rally. Alternatively, key support was seen at $0.6420 mark.



Equities Recap

Tokyo's Nikkei was trading 0.10 pct higher at 20,426.00 points.

Hong Kong’s Hang Seng index was trading 0.66 percent higher at 25,665.48 points.



Commodities Recap

Crude Oil prices were trading marginally higher on Friday. U.S. Crude Oil WTI Futures were trading 0.76% higher to $55.23. International Brent Oil Futures rose 0.7% to $58.92.

Gold trades higher on Friday and currently trading around $1,520 mark. Pair made intraday high at $1,527 and low at $1,516 mark. Sustained close above $1,522 requires for the upside rally. Alternatively, reversal from key resistance will drag the parity down towards $1,497 and $1,445 marks respectively.









DAPATKAN INFO TERKINI DAILY MARKET NEWS SETIAP HARI DI FIREWOODFX

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



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