FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

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Re: FirewoodFX - Market News

#431

Post by B0N3 » Thu Jan 31, 2019 8:24 pm

Asia Roundup:
Antipodeans at multi-week peaks on Fed's dovish policy guidance, U.S.-China launch trade talks, Asian shares at 4-month high –
Thursday, January 31st, 2019







Market Roundup

UK consumer morale stuck at lowest since 2013 as Brexit nears

U.S., China launch high-level trade talks amid deep differences

In a shift, U.S. Fed says will be 'patient' on future rate hikes

Purported hackers stole U.S. evidence to discredit Mueller probe -filing

Bloomberg confirms China bonds inclusion in Global Aggregate Index

Beyond Trump's wall: U.S. Congress tackles border security

Kuroda's deputy warns BOJ must limit side effects of easy policy

S&P upgrades New Zealand's outlook to positive

China Jan NBS Mfg PMI, 49.5, 49.3 f'cast, 49.4 prev

China Jan NBS Non-Mfg PMI, 54.7, 53.8 prev

Japan Dec Industrial Output Prelim, -0.1%, -0.4% f'cast, -1.0% prev

Australia Dec Private Sector Credit, 0.2%, 0.3% prev

Australia Q4 Export Prices, 4.4%, 3.7% prev

Australia Q4 Import Prices, 0.5%, 1.9% prev




Economic Data Ahead

(0200 ET/0700 GMT) Germany Dec Retail Sales MM Real, -0.6% f'cast, 1.4% prev

(0200 ET/0700 GMT) Great Britain Jan Nationwide House Price YY, 0.0% f'cast, 0.5% prev

(0245 ET/0745 GMT) France Jan CPI (EU Norm) Prelim YY, 1.3% f'cast, 1.9% prev

(0500 ET/1000 GMT) EZ Q4 GDP Flash Prelim YY, 1.2% f'cast, 1.6% prev

(0500 ET/1000 GMT) EZ Q4 GDP Flash Prelim QQ, 0.2% f'cast, 0.2% prev

(0500 ET/1000 GMT) EZ Dec Unemployment Rate, 7.9% f'cast, 7.9% prev

(0355 ET/0855 GMT) Germany Jan Unemployment Chng SA, -10k f'cast, -14k prev

(0355 ET/0855 GMT) Germany Jan Unemployment Rate SA, 5.0% f'cast, 5.0% prev



Key Events Ahead

(0515 ET/1015 GMT) ECB's Yves Mersch speaks at International Capital Market Association European Repo and Collateral Council – Luxembourg City

(1100 ET/1600 GMT) Bundesbank's Jens Weidmann speaks about future of European Monetary Union – Frankfurt

(1230 ET/1730 GMT) BoE's Carolyn A. Wilkins speaks on “How the labour market is changing and how this influences monetary policy” – Toronto




FX Beat

DXY: The dollar index plunged to a 3-week low after Federal Reserve Chairman Jerome Powell stated that the case for rate increases had weakened in recent weeks, as slowing growth overseas and the federal government shutdown made the U.S. outlook uncertain. The greenback against a basket of currencies trades 0.2 percent down at 95.22, having touched a low of 95.22, its lowest since December 10. FxWirePro's Hourly Dollar Strength Index stood at -66.61 (Bearish) by 0500 GMT.

EUR/USD: The euro rallied to a near 3-week peak as Federal Reserve’s dovish stance at its latest policy meeting overshadowed concerns about weakening growth in the eurozone. The European currency traded 0.2 percent up at 1.1503, having touched a high of 1.1508 earlier, its highest since Jan. 11. FxWirePro's Hourly Euro Strength Index stood at 50.52 (Bullish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies and EZ gross domestic product, ahead of the U.S. Challenger Job Cuts and unemployment benefit claims. Immediate resistance is located at 1.1540(January 11 High), a break above targets 1.1596 (January 10 High). On the downside, support is seen at 1.1458 (Jan. 11 Low), a break below could drag it till 1.1370 (Jan. 17 Low).

USD/JPY: The dollar slumped to a 2-week low after the Federal Reserve held interest rates steady and signaled its 3-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to impasses over trade and government budget negotiations. The major was trading 0.2 percent down at 108.79, having hit a low of 108.77, its lowest since January 17. FxWirePro's Hourly Yen Strength Index stood at 61.96 (Bullish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. Challenger Job Cuts and unemployment benefit claims. Immediate resistance is located at 109.88 (Jan. 18 High), a break above targets 110.47 (Dec. 31 High). On the downside, support is seen at 108.37 (Jan. 16 Low), a break below could take it lower at 107.98 (Jan. 14 Low).

GBP/USD: Sterling steadied above the 1.3100 handle, as investors expect the government would avoid exiting the European Union without a Brexit deal. The major traded 0.1 percent up at 1.3127, having hit a high of 1.3217 on Friday; it’s highest since October 16. FxWirePro's Hourly Sterling Strength Index stood at -132.68 (Highly Bearish) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3170, a break above could take it near 1.3257 (October 12 High). On the downside, support is seen at 1.3021 (November 6 Low), a break below targets 1.3000. Against the euro, the pound was trading 0.1 percent down at 87.63 pence, having hit a high of 86.16 on Friday, it’s highest since May 2017.

AUD/USD: The Australian dollar rose to a fresh 8-week peak, as the greenback tumbled following a surprisingly dovish turn from the Federal Reserve. Investors now await the Reserve Bank of Australia's first policy meeting of the year on Feb. 5 that would provide further insights on the central bank's 2019 outlook. The Aussie trades 0.3 percent up at 0.7267, having hit a high of 0.7272; it’s highest since December 6. FxWirePro's Hourly Aussie Strength Index stood at 99.18 (Slightly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7197 (Dec. 12 Low), a break below targets 0.7115 (Jan. 22 Low). On the upside, resistance is located at 0.7300 (November 20 High), a break above could take it near 0.7327 (November 28 High).

NZD/USD: The New Zealand dollar rallied to multi-week peaks after S&P Global Ratings affirmed New Zealand's credit ratings and lifted its outlook to positive, supporting the likelihood of an upgrade. The Kiwi trades 0.3 percent up at 0.6915, having touched a high of 0.6923, its highest level December 5. FxWirePro's Hourly Kiwi Strength Index was at 69.61 (Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6944 (Dec. 5 High), a break above could take it near 0.6998 (May 30 High). On the downside, support is seen at 0.6856 (Dec. 6 Low), a break below could drag it below 0.6799 (Jan. 15 Low).




Equities Recap

Asian shares rallied to a 4-month high after the Federal Reserve signalled a potential end to its tightening cycle amid signs of slowing global growth.

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

Tokyo's Nikkei rallied 1.05 percent to 20,764.41 points, Australia's S&P/ASX 200 index declined 0.4 percent to 5,864.70 points and South Korea's KOSPI surged 0.3 percent to 2,212.49 points.

Shanghai composite index rose 0.3 percent to 2,582.85 points, CSI300 index traded 0.9 percent up at 3,194.60 points,

Hong Kong’s Hang Seng traded 1.1 percent higher at 27,930.95 points.



Commodities Recap

Crude Oil prices rallied, extending gains for the third straight day, boosted by signs of lower imports into the United States as part of efforts by OPEC to tighten the market. International benchmark Brent crude was trading 0.7 percent up at $62.08 per barrel by 0450 GMT, having hit a low of $59.47 on Monday, its lowest since January 15. U.S. West Texas Intermediate was trading 0.8 percent higher at $54.60 a barrel, after falling as low as $51.31 on Monday, its lowest since the January 17.

Gold prices steadied near 8-1/2 month highs touched in the previous session, and was on course for its fourth straight monthly gain, as the dollar weakened after the U.S. Federal Reserve paused its monetary tightening cycle. Spot gold traded flat at $1,319.78 per ounce by 0453 GMT, having touched a high of $1,323.25 on Wednesday, its highest level since May 11. U.S. gold futures were up 0.6 percent at $1,317.70 per ounce.








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#432

Post by B0N3 » Fri Feb 01, 2019 7:10 pm

Asia Roundup:
Antipodeans off peaks on downbeat Chinese factory activity survey, dollar gains on U.S.-China trade deal optimism, Asian shares nudge lower - Friday, February 1st, 2019







Market Roundup

Trump: assured by Rosenstein he's not a target of Mueller probe -NYT

Trump to meet with China's Xi to try to seal trade deal, progress reported

Trump, Democrats battle in early stage of U.S. border security talks

U.S. envoy raises prospect of U.S. compromise in N.Korea talks

Relocation on agenda for nearly 1-in-3 UK firms due to Brexit-IoD

India's Modi looks to budget to shore up political base; jobs and farmers in focus

Australian home prices slide into new year, decline quickening

China Jan Caixin Mfg PMI Final, 48.3, 49.5 f'cast, 49.7 prev

Japan Jan Nikkei Mfg PMI, 50.3, 50.0 prev

Japan Dec Unemployment Rate, 2.4%, 2.4% f'cast, 2.5% prev

U.S. fund investors slash $13.5 bln of stock holdings in latest week -Lipper

Foreign CB US debt holdings +$5.595 bln to $3.414 tln Jan 30 week

Treasuries -$1.725 bln to $3.025 tln, agencies +$6.834 bln to $318.935 bln



Economic Data Ahead

(0350 ET/0850 GMT) France Jan Markit Mfg PMI, 51.2 f'cast, 51.2 prev

(0355 ET/0855 GMT) Germany Jan Markit/BME/Mfg PMI, 49.9 f'cast, 49.9 prev

(0400 ET/0900 GMT) EZ Jan Markit Mfg Final PMI, 50.5 f'cast, 50.5 prev

(0430 ET/0930 GMT) Great Britain Jan Markit/CIPS/Mfg PMI, 53.5 f'cast, 54.2 prev

(0500 ET/1000 GMT) EZ Jan HICP Flash YY, 1.4% f'cast, 1.6% prev



Key Events Ahead

(0945 ET/1445 GMT) Fed Dallas's Robert Kaplan participates in moderated Q&A session before Texas Lyceum Public Conference – Austin



FX Beat

DXY: The dollar index rallied as investor risk sentiment improved after U.S. President Donald Trump said he would meet with Chinese President Xi Jinping soon to try and seal a comprehensive trade deal. The greenback against a basket of currencies trades 0.1 percent up at 95.62, having touched a low of 95.16 on Thursday, its lowest since December 10. FxWirePro's Hourly Dollar Strength Index stood at -24.69 (Neutral) by 0500 GMT.

EUR/USD: The euro eased, extending losses from the previous session, as growth and inflation in the euro zone remained weaker than expected. The European currency traded 0.05 percent down at 1.1440, having touched a high of 1.1514 on Thursday, its highest since Jan. 11. FxWirePro's Hourly Euro Strength Index stood at 27.07 (Neutral) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies and EZ prelim consumer price index, ahead of the U.S. non-farm payrolls, unemployment rate and Markit manufacturing PMI. Immediate resistance is located at 1.1474 (December 21 High), a break above targets 1.1540 (January 11 High). On the downside, support is seen at 1.1422 (Jan. 8 Low), a break below could drag it till 1.1370 (Jan. 17 Low).

USD/JPY: The dollar slightly edged higher amid optimism the United States and China may reach a trade deal. The major was trading 0.05 percent up at 108.88, having hit a low of 108.49 on Thursday, its lowest since January 16. FxWirePro's Hourly Yen Strength Index stood at -24.69 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. non-farm payrolls, unemployment rate and Markit manufacturing PMI. Immediate resistance is located at 109.39 (Jan. 17 High), a break above targets 109.88 (Jan. 18 High). On the downside, support is seen at 108.37 (Jan. 16 Low), a break below could take it lower at 107.98 (Jan. 14 Low).

GBP/USD: Sterling declined, below the 1.3100 handle, amid persisting uncertainty over a deal to avoid a chaotic British exit from the European Union. The major traded 0.1 percent down at 1.3098, having hit a high of 1.3217 on Friday; it’s highest since October 16. FxWirePro's Hourly Sterling Strength Index stood at -91.81 (Slightly Bearish) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3170, a break above could take it near 1.3257 (October 12 High). On the downside, support is seen at 1.3021 (November 6 Low), a break below targets 1.3000. Against the euro, the pound was trading flat at 87.31 pence, having hit a low of 87.66 on Thursday, it’s lowest since Jan. 23.

AUD/USD: The Australian dollar eased, reversing some of its previous session gains, after data showed China's Caixin/Markit index of manufacturing fell to its lowest since February 2016. However, optimism about the prospects for a U.S.-China deal on tariffs limited downside. The Aussie trades 0.4 percent down at 0.7238, having hit a high of 0.7295 on Thursday; it’s highest since December 5. FxWirePro's Hourly Aussie Strength Index stood at 89.50 (Slightly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7197 (Dec. 12 Low), a break below targets 0.7115 (Jan. 22 Low). On the upside, resistance is located at 0.7300 (November 20 High), a break above could take it near 0.7327 (November 28 High).

NZD/USD: The New Zealand dollar retreated from a near 2-month peak touched in the prior session after a private survey showed factory activity in China shrank by the most in almost three years in January. The Kiwi trades 0.1 percent down at 0.6909, having touched a high of 0.6938 on Thursday, its highest level December 5. FxWirePro's Hourly Kiwi Strength Index was at 95.99 (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 0.6944 (Dec. 5 High), a break above could take it near 0.6998 (May 30 High). On the downside, support is seen at 0.6856 (Dec. 6 Low), a break below could drag it below 0.6799 (Jan. 15 Low).



Equities Recap

Asian shares retreated from recent peaks as a dismal survey on China's factory activity portrayed a weaker picture of the Chinese economy.

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

Tokyo's Nikkei rallied 0.1 percent to 20,788.39 points, Australia's S&P/ASX 200 index declined 0.05 percent to 5,862.80 points and South Korea's KOSPI fell 0.1 percent to 2,202.39 points.

Shanghai composite index rose 1.2 percent to 2,615.99 points, CSI300 index traded 1.4 percent up at 3,246.47 points

Hong Kong’s Hang Seng traded 0.3 percent higher at 27,855.25 points.



Commodities Recap

Crude Oil prices declined, weighed down by fresh concerns over China's economic slowdown. International benchmark Brent crude was trading 0.3 percent down at $60.94 per barrel by 0510 GMT, having hit a high of $62.64 on Wednesday, its highest since January 22. U.S. West Texas Intermediate was trading 0.3 percent lower at $53.82 a barrel, after rising as high as $55.35 on Thursday, its highest since the November 21.

Gold price slumped from a 9-month peak as investors sought riskier assets amid optimism the United States and China may reach a trade deal. Spot gold fell 0.2 percent to $1,318.14 per ounce at 0517 GMT, having touched a high of $1,326.15 on Thursday, its highest level since April 26 and was set to gain 1.2 percent for the week. U.S. gold futures were down 0.1 percent at $1,317.80 per ounce.








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#433

Post by B0N3 » Wed Feb 06, 2019 7:14 pm

Asia Roundup:
Aussie slumps on RBA rate cut probability, greenback rallies on President Trump's speech, Asian shares consolidate –
Wednesday, February 6th, 2019







Market Roundup

Trump vows to build border wall, warns Democrats against investigations

Trump plans to meet North Korea's Kim in Vietnam Feb. 27-28

Trump calls again on Congress to act on aging infrastructure needs

UK ministers hold secret talks of delaying Brexit by eight weeks -The Telegraph

U.S.' Mnuchin, Lighthizer to hold talks next week in China -sources

China says US report on its WTO compliance lacks factual basis

Australia c.bank chief puts rate cut back on table

Australia c.bank gov says scenarios on next rate move equally balanced



Economic Data Ahead

(0200 ET/0700 GMT) Germany Dec Industrial Orders MM, 0.3% f'cast, -1.0% prev



Key Events Ahead

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

(0850 ET/1350 GMT) Bank of Canada's Timothy Lane delivers speech on “Canadian Approach to Foreign Reserve Management” – Washington

(1805 ET/2305 GMT) Fed's Randal Quarles speaks at Council for Economic Education Vantage Point Reception – New York



FX Beat

DXY: The dollar index rallied to a near 2-week peak after U.S. President Donald Trump stated that any trade agreement with China must include structural change to end unfair trade practices, reduce the constant trade deficit, and defend American jobs. The greenback against a basket of currencies trades 0.1 percent up at 96.13, having touched a high of 96.15 earlier, its highest since January 25. FxWirePro's Hourly Dollar Strength Index stood at 87.50 (Slightly Bullish) by 0500 GMT.

EUR/USD: The euro slumped to an over 1-week low, as some European Central Bank policymakers were reluctant to alter their guidance on interest rates. The European currency traded 0.05 percent down at 1.1400, having touched a high of 1.1514 on Thursday, its highest since Jan. 11. FxWirePro's Hourly Euro Strength Index stood at -22.97 (Neutral) by 0500 GMT. Investors’ attention will remain on German factory orders ahead of the U.S. trade balance data. Immediate resistance is located at 1.1474 (December 21 High), a break above targets 1.1540 (January 11 High). On the downside, support is seen at 1.1370 (Jan. 17 Low), a break below could drag it till 1.1353 (Jan. 18 Low).

USD/JPY: The dollar declined, halting a 3-day rally, after U.S. President Donald Trump, in his State of the Union speech, said that illegal immigration was an urgent national crisis and reiterated his vow to build a border wall. The major was trading 0.2 percent down at 109.75, having hit a high of 110.16 on Monday, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at 46.38 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. trade balance data. Immediate resistance is located at 110.47 (Dec. 31 High), a break above targets 111.19 (Dec. 24 High). On the downside, support is seen at 109.16 (Jan. 28 Low), a break below could take it lower at 108.80 (Jan. 30 Low).

GBP/USD: Sterling rebounded from a 2-week low touched in the previous session after a newspaper reported that UK cabinet ministers have secretly held talks on plans to delay Brexit by eight weeks. The major traded 0.1 percent up at 1.2954, having hit a low of 1.2924 on Tuesday; it’s lowest since January 22. FxWirePro's Hourly Sterling Strength Index stood at -28.76 (Slightly Bearish) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3001 (January 17 High), a break above could take it near 1.3047 (November 13 High). On the downside, support is seen at 1.2924 (February 4 Low), a break below targets 1.2900. Against the euro, the pound was trading 0.1 percent up at 87.98 pence, having hit a low of 88.21 on Tuesday, it’s lowest since Jan. 22.

AUD/USD: The Australian dollar slumped to a 1-week low after Reserve Bank of Australia Governor chief Philip Lowe opened the door to a possible rate cut after more than a year of signalling tighter future policy. The Aussie trades 1.2 percent down at 0.7145, having hit a low of 0.7143 earlier; it’s lowest since January 29. FxWirePro's Hourly Aussie Strength Index stood at -175.45 (Highly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7115 (Jan. 22 Low), a break below targets 0.7076 (Jan. 25 Low). On the upside, resistance is located at 0.7272 (January 30 High), a break above could take it near 0.7327 (November 28 High).



Equities Recap

Asian shares consolidated within narrow ranges, amid holiday thinned-trading, while the Australian dollar slumped after the central bank opened the door to a possible rate cut.

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

Tokyo's Nikkei rose 0.1 percent to 20,874.06 points, Australia's S&P/ASX 200 index rose 0.3 percent to 6,026.10 points.


Commodities Recap

Crude Oil prices declined, extending previous session losses, amid concerns over the outlook for the global economy. International benchmark Brent crude was trading 0.05 percent down at $61.95 per barrel by 0525 GMT, having hit a high of $63.61 on Monday, its highest since December 7. U.S. West Texas Intermediate was trading 0.05 percent lower at $53.66 a barrel, after rising as high as $55.72 on Monday, its highest since the November 21.

Gold prices eased after U.S. President Donald Trump, in his State of the Union speech, vowed to build a border wall, however, provided little clarity over developments in the ongoing trade discussions with China. Spot gold was trading 0.1 percent down at $1,313 per ounce at 0528 GMT, having touched a low of $1,318.89 on Monday, its lowest level since Jan. 29. U.S. gold futures were also steady at $1,318 an ounce.








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#434

Post by B0N3 » Thu Feb 07, 2019 7:30 pm

Asia Roundup:
Kiwi at 2-week low on downbeat employment report, greenback surges on expectations of breakthrough in U.S.-China tariff talks, Asian shares at 4-month peak – Thursday, February 7th, 2019







Market Roundup

Work urgently with me on Brexit – Britain's May appeals to EU

UK PM May prepares to delay second vote on Brexit deal until end Feb -The Telegraph

Brexit, global slowdown to weigh on Bank of England

U.S. and China to resume trade talks next week in Beijing

Fed's Powell repeats that U.S. economy is in 'a good place'

Fed's Quarles says Chinese 'downdraft' weighs on global economic outlook

New Zealand Q4 HLFS Unemployment Rate, 4.3%, 4.1% f'cast, 3.9% prev, 4.0% rvsd

New Zealand Q4 HLFS Job Growth QQ, 0.1%, 0.3% f'cast, 1.1% prev



Economic Data Ahead

(0245 ET/0745 GMT) France Dec Trade Balance (EUR) SA, -4.0 bln f'cast, -5.10 bln prev

(0330 ET/0830 GMT) Great Britain Jan Halifax House Prices MM, -0.5% f'cast, 2.2% prev



Key Events Ahead

(0335 ET/0835 GMT) Bank of England's Martin Taylor speaks at Queen's University – Belfast

(0700 ET/1200 GMT) Bank of England announces rate decision and publishes minutes of meeting – London

(0715 ET/1215 GMT) ECB's Yves Mersch delivers speech at American European Community Association – Brussels

(0915 ET/1415 GMT) FRB Dallas's Robert Kaplan participates in moderated Q&A session at Austin McCombs School of Business Outlook Series – Austin, Texas

(0930 ET/1430 GMT) Fed’s Richard Clarida speaks at Czech National Bank – Prague



FX Beat

DXY: The dollar index rallied, extending gains for the fifth straight session, as investors expect major breakthrough in the U.S.-China tariff talks when the two sides meet in Beijing next week. The greenback against a basket of currencies trades 0.05 percent up at 96.43, having touched a high of 96.46, its highest since January 25. FxWirePro's Hourly Dollar Strength Index stood at 113.52 (Highly Bullish) by 0500 GMT.

EUR/USD: The euro plunged to a near 2-week low, as Euro zone growth slowed sharply and is likely to restrain the European Central Bank from increasing interest rates any time soon. The European currency traded 0.05 percent down at 1.1360, having touched a low of 1.1356 earlier, its lowest since Jan. 25. FxWirePro's Hourly Euro Strength Index stood at 16.44 (Neutral) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, EZ economic bulletin and growth forecasts, ahead of the U.S. unemployment benefit claims, consumer credit change and Fed Clarida's speech. Immediate resistance is located at 1.1406 (January 17 High), a break above targets 1.1474 (December 21 High). On the downside, support is seen at 1.1336 (Jan. 22 Low), a break below could drag it till 1.1300.

USD/JPY: The dollar eased, halting a 4-day rally, after Fed Chairman Jerome Powell stated that the case for rate increases had weakened in recent weeks, amid slowing growth overseas and the longest federal government shutdown in history that just ended. The major was trading 0.05 percent down at 109.93, having hit a high of 110.16 on Monday, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at 34.43 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims, consumer credit change and Fed Clarida's speech. Immediate resistance is located at 110.47 (Dec. 31 High), a break above targets 111.19 (Dec. 24 High). On the downside, support is seen at 109.16 (Jan. 28 Low), a break below could take it lower at 108.80 (Jan. 30 Low).

GBP/USD: Sterling steadied after falling for five consecutive sessions, as investors stayed on the sidelines ahead of the Bank of England monetary policy meeting scheduled later in the day, where it is widely expected to keep interest rates unchanged. The major traded flat at 1.2954, having hit a low of 1.2924 on Tuesday; it’s lowest since January 22. FxWirePro's Hourly Sterling Strength Index stood at 14.86 (Neutral) 0500 GMT. Investors’ attention will remain on BoE policy decision and Governor Carney's speech, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3001 (January 17 High), a break above could take it near 1.3047 (November 13 High). On the downside, support is seen at 1.2879 (November 14 Low), a break below targets 1.2827 (November 12 Low). Against the euro, the pound was trading flat at 87.83 pence, having hit a low of 88.21 on Tuesday, it’s lowest since Jan. 22.

AUD/USD: The Australian dollar tumbled to a near 2-week low, amid growing speculation that interest rates would most likely come down this year amid heightened growth risks. The Aussie trades 0.05 percent down at 0.7102, having hit a low of 0.7093 earlier; it’s lowest since January 26. FxWirePro's Hourly Aussie Strength Index stood at -143.63 (Highly Bearish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7075 (Jan. 25 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7234 (January 11 High).

NZD/USD: The New Zealand dollar slumped to a 2-week trough after data showed the domestic employment growth stalled, triggering speculation of a more cautious tone from the RBNZ at its first policy meeting of the year next week, The Kiwi trades 0.3 percent down at 0.6755, having touched a low of 0.6744, its lowest level Jan. 23. FxWirePro's Hourly Kiwi Strength Index was at -144.98 (Highly Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6798 (Jan. 23 High), a break above could take it near 0.6832 (Jan. 14 High). On the downside, support is seen at 0.6728 (Jan. 17 Low), a break below could drag it below 0.6706 (Jan. 22 Low).



Equities Recap

Asian shares edged higher to 4-month highs as the U.S. Federal Reserve changed its stance on policy for further rate hikes.

MSCI's broadest of Asia-Pacific shares outside Japan gained 0.2 percent.

Tokyo's Nikkei eased 0.6 percent to 20,751.28 points, Australia's S&P/ASX 200 index rose 1.1 percent to 6,092.50 points and South Korea's KOSPI fell 0.05 percent to 2,203.42 points.


Commodities Recap

Crude Oil prices declined after U.S. crude inventories rose and as production levels in the country held at record levels. International benchmark Brent crude was trading 0.2 percent down at $62.44 per barrel by 0511 GMT, having hit a high of $63.61 on Monday, its highest since December 7. U.S. West Texas Intermediate was trading 0.1 percent lower at $53.83 a barrel, after rising as high as $55.72 on Monday, its highest since the November 21.

Gold slumped to a more than 1-week low, weighed down by a stronger dollar, but worries over slowing global economic growth limited the downside. Spot gold fell 0.2 percent to $1,303.46 per ounce by 0514 GMT, having touched a low of $1,302.71, its lowest level since Jan. 29. U.S. gold futures were down 0.5 percent at $1,307.30.








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Post by B0N3 » Fri Feb 08, 2019 7:23 pm

Asia Roundup:
Kiwi eases on RBNZ rate cut speculation; dollar declines against yen amid U.S.-China trade talk concerns, Asian shares plunge –
Friday, February 8th, 2019







Market Roundup

No talks between Trump and China's Xi before trade deadline

Fed's Bullard: 'Restrictive' U.S. policy likely curbing inflation

Australia c.bank steps up warning on housing, cuts guidance

In Brussels, EU gives May glimpse of Brexit hope

UK firms hire fewer permanent staff for first time since 2016 – REC

Japan investors favor U.S., some euro zone debt in December

Japan Dec All Household Spending YY, 0.1%, 0.8% f'cast, -0.6% prev

Japan Dec All Household Spending MM, -0.1%, -0.2% f'cast, 1.1% prev

Japan Dec Current Account NSA (JPY), 452.88 bln, 429.88 bln f'cast, 757.28 bln prev

U.S. fund investors buy most junk bonds in more than 2 years -Lipper

Foreign CB US debt holdings +$12.861 bln to $3.426 tln Feb 6 week

Treasuries +$11.467 bln to $3.037 tln, agencies +$310 mln to $319.245 bln



Economic Data Ahead

(0200 ET/0700 GMT) Germany Dec Exports MM SA, 0.2% f'cast, -0.4% prev

(0200 ET/0700 GMT) Germany Dec Imports MM SA, 0.2% f'cast, -1.6% prev

(0200 ET/0700 GMT) Germany Dec Trade Balance (EUR) SA, 18.4 bln f'cast, 19.0 bln prev

(0245 ET/0745 GMT) France Dec Industrial Output MM, 0.6% f'cast, -1.3% prev



Key Events Ahead

(0700 ET/1200 GMT) Riksbank General Council meeting – Stockholm

(1315 ET/1815 GMT) FRB San Francisco's Mary Daly participates in conversation before Bay Area Council Economic Institute – San Francisco



FX Beat

DXY: The dollar index rallied, extending gains for the seventh consecutive session, as U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are expected to commence another round of trade talks in Beijing next week to push for a deal and avert a March 2 increase in U.S. tariffs on Chinese goods. The greenback against a basket of currencies trades 0.05 percent up at 96.58, having touched a high of 96.67 on Thursday, its highest since January 24. FxWirePro's Hourly Dollar Strength Index stood at 48.27 (Neutral) by 0500 GMT.

EUR/USD: The euro steadied after falling for four straight sessions on weaker-than-expected eurozone growth data and expectations that the European Central Bank will keep monetary policy accommodative this year. The European currency traded flat at 1.1340, having touched a low of 1.1324 on Thursday, its lowest since Jan. 25. FxWirePro's Hourly Euro Strength Index stood at -66.36 (Bearish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, amid a lack of economic data from the U.S. docket. Immediate resistance is located at 1.1406 (January 17 High), a break above targets 1.1474 (December 21 High). On the downside, support is seen at 1.1324 (Feb. 7 Low), a break below could drag it till 1.1300.

USD/JPY: The dollar eased, extending previous sessions losses, amid uncertainties about the path of U.S.-China trade negotiations and broader worries about slowing global growth. The major was trading 0.05 percent down at 109.75, having hit a high of 110.16 on Monday, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at 141.86 (Highly 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 109.95 (Jan. 25 High), a break above targets 110.47 (Dec. 31 High). On the downside, support is seen at 109.16 (Jan. 28 Low), a break below could take it lower at 108.80 (Jan. 30 Low).

GBP/USD: Sterling eased, reversing some of its previous session gains, on growing expectations that the United Kingdom is on course to leave the European Union on March 29 without a deal, unless British Prime Minister Theresa May can convince the EU bloc to reopen the agreement she reached in November. The major traded flat at 1.2948, having hit a low of 1.2854 on Thursday; it’s lowest since January 22. FxWirePro's Hourly Sterling Strength Index stood at 7.60 (Neutral) 0500 GMT. Immediate resistance is located at 1.3001 (January 17 High), a break above could take it near 1.3047 (November 13 High). On the downside, support is seen at 1.2879 (November 14 Low), a break below targets 1.2827 (November 12 Low). Against the euro, the pound was trading flat at 87.56 pence, having hit a low of 88.21 on Tuesday, it’s lowest since Jan. 22.

AUD/USD: The Australian dollar slumped to a 1-month low after the Reserve Bank of Australia underlined its dovish stance by downgrading forecasts for economic growth and inflation. The Aussie trades 0.3 percent down at 0.7080, having hit a low of 0.7060 earlier; it’s lowest since January 4. FxWirePro's Hourly Aussie Strength Index stood at -83.61 (Slightly Bearish) by 0500 GMT. Immediate support is seen at 0.7044 (Dec. 26 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7234 (January 11 High).

NZD/USD: The New Zealand dollar plunged to a 2-1/2 week low, amid speculation the Reserve Bank of New Zealand might sound more amenable to a rate cut at its policy meeting on Feb. 13. The Kiwi trades 0.1 percent up at 0.6753, having touched a low of 0.6729, its lowest level Jan. 22. FxWirePro's Hourly Kiwi Strength Index was at -86.07 (Slightly Bearish) by 0500 GMT. Immediate resistance is located at 0.6798 (Jan. 23 High), a break above could take it near 0.6832 (Jan. 14 High). On the downside, support is seen at 0.6706 (Jan. 22 Low), a break below could drag it below 0.6671 (Jan. 4 Low).



Equities Recap

Asian shares tumbled as investors remain concerned about a broadening global economic slowdown, amid absence of any positive signs for a resolution in the U.S.-China trade dispute.

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

Tokyo's Nikkei eased 2.01 percent to 20,333.17 points, Australia's S&P/ASX 200 index declined 0.3 percent to 6,071.50 points



Commodities Recap

Crude Oil declined, expending previous session losses, weighed down by an economic slowdown, however, supply cuts led by producer cartel OPEC and U.S. sanctions against Venezuela limited downside. International benchmark Brent crude was trading 0.7 percent down at $61.16 per barrel by 0506 GMT, having hit a low of $60.58 on Thursday, its lowest since February 1. U.S. West Texas Intermediate was trading 0.8 percent lower at $52.14 a barrel, after falling as low as $51.77 on Thursday, its lowest since the January 28.

Gold prices steadied on worries that a prolonged U.S.-China trade war could worsen the global economic slowdown. Spot gold was trading flat at $1,309.13 per ounce by 0510 GMT, having touched a low of $1,302.71 on Thursday, its lowest level since Jan. 29. U.S. gold futures were unchanged at $1,313.10.










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#436

Post by B0N3 » Mon Feb 11, 2019 6:33 pm

Asia Roundup:
Kiwi steady near 3-week peak ahead of RBNZ meeting, greenback rallies as U.S.-China trade talks resume, Asian shares ease amid holiday-thinned trading – Monday, February 11th, 2019







Market Roundup

Talks collapse on border deal as U.S. gov't shutdown looms

UK's May rejects pivot towards Brexit customs union compromise

UK's May to promise new Brexit debate in push for more negotiating time

Britain and Switzerland to sign post-Brexit trade agreement

Italy's populist leaders pledge to replace central bank's top brass

U.S.-China trade talks resume this week, focus on intellectual property

Advisers float Mar-a-lago summit as Trump plots next moves with Xi – Axios

New Zealand central bank to hold rates at record low as global risks grow-POLL



Economic Data Ahead

(0430 ET/0930 GMT) Great Britain Q4 GDP Preliminary YY, 1.4% f'cast, 1.5% prev

(0430 ET/0930 GMT) Great Britain Q4 GDP Preliminary QQ, 0.2% f'cast, 0.6% prev

(0430 ET/0930 GMT) Great Britain Dec GDP Estimate 3M/3M, 0.3% f'cast, 0.3% prev

(0430 ET/0930 GMT) Great Britain Dec Manufacturing Output MM, 0.2% f'cast, -0.3% prev

(0430 ET/0930 GMT) Great Britain Dec Manufacturing Output YY, -1.1% f'cast, -1.1% prev

(0430 ET/0930 GMT) Great Britain Dec Industrial Output MM, 0.2% f'cast, -0.4% prev

(0430 ET/0930 GMT) Great Britain Dec Industrial Output YY, -0.4% f'cast, -1.5% prev

(0430 ET/0930 GMT) Great Britain Dec GDP Estimate YY, 1.4% f'cast, 1.4% prev



Key Events Ahead

N/A ECB's Mario Draghi participates in Eurogroup meeting – Brussels

(0330 ET/0830 GMT) ECB's Luis de Guindos speaks at Deusto Business School – Madrid



FX Beat

DXY: The dollar index surged to a 5-1/2 month peak as investors now look ahead to trade talks this week with a delegation of U.S. officials travelling to China for the next round of negotiations. The greenback against a basket of currencies trades 0.1 percent up at 96.70, having touched a high of 96.71 earlier, its highest since January 3. FxWirePro's Hourly Dollar Strength Index stood at 115.82 (Highly Bullish) by 0400 GMT.

EUR/USD: The euro declined, extending losses for the sixth straight session, as core European government debt yields touched their lowest in over two years. On Thursday, the European Commission sharply cut its forecasts for eurozone economic growth for this year and next, amid growing global trade tensions and domestic challenges. The European currency traded 0.05 percent down at 1.1318, having touched a low of 1.1313 earlier, its lowest since Jan. 25. FxWirePro's Hourly Euro Strength Index stood at -42.24 (Neutral) by 0400 GMT. Immediate resistance is located at 1.1373 (5-DMA), a break above targets 1.1410 (January 18 High). On the downside, support is seen at 1.1300 (Jan. 25 Low), a break below could drag it till 1.1269 (Dec. 14 Low).

USD/JPY: The dollar rallied, halting a 2-day losing streak, despite the Federal Reserve taking a dovish stance at its policy meeting in January. Trading activity remained subdued as Japanese markets are closed for a public holiday. The major was trading 0.2 percent up at 109.95, having hit a high of 110.16 last week, its highest since December 31. FxWirePro's Hourly Yen Strength Index stood at -11.15 (Neutral) by 0400 GMT. Immediate resistance is located at 110.08 (Feb. 7 High), a break above targets 110.47 (Dec. 31 High). On the downside, support is seen at 109.16 (Jan. 28 Low), a break below could take it lower at 108.80 (Jan. 30 Low).

GBP/USD: Sterling eased, extending previous session losses, amid heightened political uncertainty over the Brexit process. Investors continue to remain cautious as Britain is due to exit the European Union with less than two months and no obvious path to a deal in sight. The major traded 0.1 percent down at 1.2927, having hit a low of 1.2854 on Thursday; it’s lowest since January 22. FxWirePro's Hourly Sterling Strength Index stood at -0.94 (Neutral) 0400 GMT. Investors’ attention will remain on UK prelim gross domestic product, trade balance, manufacturing and industrial production, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3001 (January 17 High), a break above could take it near 1.3047 (November 13 High). On the downside, support is seen at 1.2879 (November 14 Low), a break below targets 1.2827 (November 12 Low). Against the euro, the pound was trading 0.1 percent down at 87.54 pence, having hit a low of 88.21 on Tuesday, it’s lowest since Jan. 22.

AUD/USD: The Australian dollar rebounded from a 1-month low touched in the previous session, boosted by a rally in prices for iron ore, the country's top export earner. On Friday, the major tumbled to multi-week lows as traders narrowed the odds on future rate cuts after the RBA changed its tune on policy. The Aussie trades 0.1 percent up at 0.7093, having hit a low of 0.7060 last week; it’s lowest since January 4. FxWirePro's Hourly Aussie Strength Index stood at -126.18 (Highly Bearish) by 0400 GMT. Immediate support is seen at 0.7044 (Dec. 26 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7234 (January 11 High).

NZD/USD: The New Zealand dollar steadied near 3-week trough hit in the prior session, amid growing speculation the Reserve Bank of New Zealand might sound more amenable to a rate cut at its policy meeting on Feb. 13. The Kiwi trades 0.3 percent up at 0.6757, having touched a low of 0.6729 on Friday, its lowest level Jan. 22. FxWirePro's Hourly Kiwi Strength Index was at -113.56 (Highly Bearish) by 0400 GMT. Immediate resistance is located at 0.6798 (Jan. 23 High), a break above could take it near 0.6832 (Jan. 14 High). On the downside, support is seen at 0.6706 (Jan. 22 Low), a break below could drag it below 0.6671 (Jan. 4 Low).



Equities Recap

Asian shares teased, having plunged from a 4-month peak in the previous session amid worries about global growth, U.S. politics and the U.S.-China trade war.

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

Trading volumes remained light with Japan on a public holiday.

Shanghai composite index gained 0.8 percent to 2,638.67 points, while CSI300 index traded 1.2 percent up at 3,286.77 points.

Hong Kong’s Hang Seng traded 0.2 percent higher at 27,994.82 points. Taiwan shares added 0.7 percent to 10,004.25 points.



Commodities Recap

Crude Oil prices declined by around 1 percent as drilling activity in the United States increased and financial markets were weighed down by trade concerns. International benchmark Brent crude was trading 0.9 percent down at $61.48 per barrel by 0422 GMT, having hit a low of $60.58 on Thursday, its lowest since February 1. U.S. West Texas Intermediate was trading 1.3 percent higher at $51.99 a barrel, after falling as low as $51.77 on Thursday, its lowest since the January 28.

Gold prices eased, halting a 2-day rally, weighed down by a strong dollar, however, worries over a slowdown in global economic growth and uncertainties around U.S.-China trade war limited downside. Spot gold was 0.2 percent down at $1,311.28 per ounce by 0425 GMT, having touched a low of $1,302.71 on Thursday, its lowest level since Jan. 29. U.S. gold futures fell 0.2 percent to $1,316.50 per ounce.










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#437

Post by B0N3 » Tue Feb 12, 2019 6:06 pm

Asia Roundup:
Kiwi at 3-week low as RBNZ meeting looms, dollar rallies against yen amid no U.S. government shutdown hopes, Asian shares surge –
Tuesday, February 12th, 2019







Market Roundup

U.S. lawmakers reach tentative deal to avoid government shutdown

British cabinet ministers believe PM May preparing to resign – The Sun

'Something has to give,' EU's Barnier tells Brexit Britain

UK budget surplus goal no longer credible – lawmakers

China's consumption growth likely to slow further in 2019 – commerce ministry

JGB yields pull back from 2-year lows as BOJ trims debt purchase amount

Australia Dec Housing Finance, -6.1%, -2.8% f'cast, -0.9% prev

Australia Jan NAB Business Conditions, 7, 2 prev

Australia Jan NAB Business Confidence, 4, 3 prev

New Zealand Q1 Inflation Forecast 2 yrs, 2.02%, 2.03% prev



Economic Data Ahead

No major economic data releases



Key Events Ahead

N/A ECB's Luis de Guindos participates in ECOFIN meeting – Brussels

N/A EU Economic and Financial Affairs Council meeting – Brussels

(0300 ET/0800 GMT) Riksbank holds monetary policy meeting – Stockholm

(0400 ET/0900 GMT) Germany economy minister Peter Altmaier holds US-German LNG conference – Berlin

(0400 ET/0900 GMT) ECB's Ewald Nowotny participates in panel discussion on “The European Fund for Strategic Investments and its potential for Austria” – Vienna

(0715 ET/1215 GMT) BoE's Mark Carney speaks at an FT event – London

(1245 ET/1745 GMT) Fed's Jerome Powell speaks on “Economic Development in High Poverty Rural Communities” – Itta Bena, Mississippi

(1830 ET/2330 GMT) FRB Cleveland's Loretta Mester speaks on economic outlook and monetary policy at Xavier University and Financial Executives International – Cincinnati, Ohio



FX Beat

DXY: The dollar index slightly eased after rising to a 1-1/2 month peak in the prior session on hopes that a new round of U.S.-China trade talks would help to resolve a dispute that dented global growth. The greenback against a basket of currencies trades 0.05 percent down at 97.04, having touched a high of 97.12 the day before, its highest since December 26. FxWirePro's Hourly Dollar Strength Index stood at 139.70 (Highly Bullish) by 0500 GMT.

EUR/USD: The euro steadied after falling to a 2-1/2 month low in the previous session on expectations the European Central Bank will maintain a highly accommodative monetary policy this year as growth slowed in the eurozone and inflation stayed low. The European currency traded 0.05 percent up at 1.1279, having touched a low of 1.1267 earlier, its lowest since Nov. 28. FxWirePro's Hourly Euro Strength Index stood at -66.50 (Bearish) by 0500 GMT. Immediate resistance is located at 1.1341 (5-DMA), a break above targets 1.1368 (Feb.7 High). On the downside, support is seen at 1.1263 (Nov. 14 Low), a break below could drag it till 1.1216 (Nov. 13 Low).

USD/JPY: The dollar rallied to a 6-1/2 week peak as U.S. congressional negotiators reached a tentative deal on Monday to try to avert another partial government shutdown on Saturday. The major was trading 0.2 percent up at 110.58, having hit a high of 110.65 earlier, its highest since December 28. FxWirePro's Hourly Yen Strength Index stood at -15.55 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of Fed officials' speeches. Immediate resistance is located at 110.94 (Aug. 13 Low), a break above targets 111.40 (Dec. 26 Low). On the downside, support is seen at 109.96 (5-DMA), a break below could take it lower at 109.16 (Jan. 28 Low).

GBP/USD: Sterling steadied after plunging to a 3-week low in the prior session on data that showed Britain's economy last year grew at its slowest since 2012, as Brexit uncertainty hit investment and the slowdown pick up the pace at the end of 2018. The major traded 0.1 percent up at 1.2867, having hit a low of 1.2845 on Monday; it’s lowest since January 21. FxWirePro's Hourly Sterling Strength Index stood at -11.28 (Neutral) 0500 GMT. Immediate resistance is located at 1.2939 (5-DMA), a break above could take it near 1.3001 (January 17 High). On the downside, support is seen at 1.2827 (November 12 Low), a break below targets 1.2800. Against the euro, the pound was trading flat at 87.68 pence, having hit a low of 88.21 last week, it’s lowest since Jan. 22.

AUD/USD: The Australian dollar rebounded after falling to a 1-1/2 month low as risk sentiment improved on expectations that U.S. lawmakers had reached a tentative deal on border security funding that would avoid another partial government shutdown due to commence on Saturday. The Aussie trades 0.3 percent up at 0.7079, having hit a low of 0.7054 earlier; it’s lowest since January 4. FxWirePro's Hourly Aussie Strength Index stood at -68.49 (Highly Bearish) by 0500 GMT. Immediate support is seen at 0.7044 (Dec. 26 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7117 (Feb. 7 High), a break above could take it near 0.7166 (January 24 High).

NZD/USD: The New Zealand dollar plunged to a fresh 3-week low as the Reserve Bank of New Zealand is expected to leave interest rates unchanged at its policy meeting on Wednesday but may adopt a more dovish tone and cut forecasts, amid rising global economic risks. The Kiwi trades 0.05 percent down at 0.6729, having touched a low of 0.6719, its lowest level Jan. 22. FxWirePro's Hourly Kiwi Strength Index was at -143.06 (Highly Bearish) by 0500 GMT. Immediate resistance is located at 0.6798 (Jan. 23 High), a break above could take it near 0.6832 (Jan. 14 High). On the downside, support is seen at 0.6706 (Jan. 22 Low), a break below could drag it below 0.6671 (Jan. 4 Low).



Equities Recap

Asian shares rallied as market sentiment improved on news that U.S. lawmakers reached a tentative deal on border security funding and hope that a new round of U.S.-China trade talks would help to resolve a dispute.

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

Tokyo's Nikkei gained 2.6 percent to 20,864.21 points, Australia's S&P/ASX 200 index rallied 0.3 percent to 6,079.10 points and South Korea's KOSPI surged 0.5 percent to 2,192.18 points.

Shanghai composite index rose 0.5 percent to 2,667.63 points, while CSI300 index traded 0.6 percent up at 3,325.71 points.

Hong Kong’s Hang Seng traded 0.1 percent higher at 28,175.64 points. Taiwan shares added 0.9 percent to 10,097.74 points.



Commodities Recap

Crude Oil prices surged amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, however, concerns over economic growth limited gains. International benchmark Brent crude was trading 0.5 percent up at $61.85 per barrel by 0549 GMT, having hit a low of $60.58 on Thursday, its lowest since February 1. U.S. West Texas Intermediate was trading 0.4 percent higher at $52.65 a barrel, after falling as low as $51.22 on Monday, its lowest since the January 17.

Gold steadied as investors kept a cautious stance ahead of a fresh round of U.S –China trade talks. Spot gold was trading flat at $1,308.67 per ounce by 0551 GMT, having touched a low of $1,302.71 on Thursday, its lowest level since Jan. 29. U.S. gold futures were also mostly unchanged at $1,312.20 per ounce.










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#438

Post by B0N3 » Wed Feb 13, 2019 8:04 pm

Asia Roundup:
Kiwi rallies on RBNZ's less dovish stance, dollar at multi-week peaks against yen amid U.S.-China trade deal optimism. Asian share at 4-month high – Wednesday, February 13th, 2019







Market Roundup

Trump says he could let China trade deal deadline slip, 'not inclined to'

Trump dislikes border security deal but Republicans urge support

Mnuchin hopes for 'productive' trade meetings in China

Fed to finalize plans to end balance sheet runoff 'at coming meetings' -Mester

Australia's central bank surprised by weakness in consumption

Australia Feb Consumer Sentiment Westpac-MI, 4.3%, -4.7% prev

New Zealand central bank hold rates, signals accommodative policy through 2020

New Zealand Cash Rate, 1.75%, 1.75% f'cast, 1.75% prev

Japan Jan Corp Goods Price YY, 0.6%, 1.1% f'cast, 1.5% prev



Economic Data Ahead

(0430 ET/0930 GMT) Great Britain Jan CPI YY, 1.9% f'cast, 2.1% prev

(0430 ET/0930 GMT) Great Britain Jan RPI YY, 2.6% f'cast, 2.7% prev

(0430 ET/0930 GMT) Great Britain Jan PPI Input Prices YY NSA, 3.8% f'cast, 3.7% prev

(0430 ET/0930 GMT) Great Britain Jan PPI Output Prices YY NSA, 2.2% f'cast, 2.5% prev

(0430 ET/0930 GMT) Great Britain Jan PPI Core Output YY NSA, 2.3% f'cast, 2.5% prev

(0500 ET/1000 GMT) EZ Dec Industrial Production YY, -3.2% f'cast, -3.3% prev

(0500 ET/1000 GMT) EZ Dec Industrial Production MM, -0.4% f'cast, -1.7% prev



Key Events Ahead

(0330 ET/0830 GMT) Swedish Central Bank announces interest rate decision – Stockholm

(0500 ET/1000 GMT) Riksbank's Stefan Ingves and Jesper Hansson hold press conference after interest rate decision – Stockholm

(0850 ET/1350 GMT) FRB Atlanta's Raphael Bostic participates in discussion on economic outlook and monetary policy before European Financial Forum – Dublin

(0850 ET/1350 GMT) FRB Cleveland's Loretta Mester speaks on “A View From the Federal Reserve” before “What's Next for Kentucky in the Global Economy” 2019 Economic Conference – Lexington

(1200 ET/1700 GMT) FRB Philadelphia's Patrick Harker speaks on economic outlook before Jewish Business Network Power Lunch – Philadelphia



FX Beat

DXY:
The dollar index eased from recent peaks after U.S. President Donald Trump stated that he was disappointed with a deal struck by congressional negotiators on border security that denied him funds for his promised U.S.-Mexican border wall. The greenback against a basket of currencies trades 0.05 percent down at 96.67, having touched a high of 97.20 the day before, its highest since December 17. FxWirePro's Hourly Dollar Strength Index stood at -14.79 (Neutral) by 0500 GMT.

EUR/USD: The euro rose, extending previous session's rebound despite Dutch central bank chief Klaas Knot, one of the hawks on the rate-setting Governing Council, stating that the European Central Bank should take its time in raising interest rates as eurozone growth slowed sharply. The European currency traded 0.1 percent up at 1.1336, having touched a low of 1.1257 on Tuesday, its lowest since Nov. 13. FxWirePro's Hourly Euro Strength Index stood at -66.50 (Bearish) by 0500 GMT. Investors’ attention will remain on Eurozone industrial production data economies, ahead of the U.S. consumer price index and Fed officials' speeches. Immediate resistance is located at 1.1368 (Feb.7 High), a break above targets 1.1417 (Jan. 25 High). On the downside, support is seen at 1.1289 (Jan. 24 Low), a break below could drag it till 1.1216 (Nov. 13 Low).

USD/JPY: The dollar rallied to a near 7-week peak, amid rising hopes of a breakthrough in U.S.-China trade talks. The major was trading 0.2 percent up at 110.62, having hit a high of 110.70 earlier, its highest since December 28. FxWirePro's Hourly Yen Strength Index stood at -47.26 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. consumer price index and Fed officials' speeches. Immediate resistance is located at 110.94 (Aug. 13 Low), a break above targets 111.40 (Dec. 26 Low). On the downside, support is seen at 109.75 (10-DMA), a break below could take it lower at 109.16 (Jan. 28 Low).

GBP/USD: Sterling steadied above the 1.2900 handle, after Prime Minister Theresa May stated that the government would seek to speed up ratification of its Brexit withdrawal deal with the European Union if time gets too tight. However, the deadlock and delays over the terms of Brexit heightened fears among financial investors. The major traded 0.1 percent up at 1.2906, having hit a low of 1.2832 on Tuesday; it’s lowest since January 21. FxWirePro's Hourly Sterling Strength Index stood at -24.16 (Neutral) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2984 (10-DMA), a break above could take it near 1.3080 (January 23 High). On the downside, support is seen at 1.2827 (November 12 Low), a break below targets 1.2800. Against the euro, the pound was trading flat at 87.83 pence, having hit a low of 88.21 last week, it’s lowest since Jan. 22.

AUD/USD: The Australian dollar rallied to a 1-week peak, after a survey of consumer confidence showed a surprisingly strong comeback in February. The Melbourne Institute and Westpac Bank index of consumer sentiment advanced 4.3 percent in February after plunging 4.7 percent in January. The Aussie trades 0.5 percent up at 0.7132, having hit a high of 0.7135 earlier; it’s highest since February 6. FxWirePro's Hourly Aussie Strength Index stood at 113.55 (Highly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7044 (Dec. 26 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7203 (January 28 High).

NZD/USD: The New Zealand dollar advanced by more than 1-percent to hit a 1-week peak after the Reserve Bank of New Zealand sounded less dovish on policy than speculators had wagered on. The central bank left rates on hold at a record low of 1.75 percent at its first monetary policy decision of the year and reiterated that it is likely to keep the official cash rate (OCR) at 1.75 percent through 2019 and 2020. The Kiwi trades 1.6 percent up at 0.6729, having touched a high of 0.6851, its highest level Feb. 6. FxWirePro's Hourly Kiwi Strength Index was at 141.38 (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 0.6862 (Jan. 29 High), a break above could take it near 0.6911 (Dec. 11 High). On the downside, support is seen at 0.6706 (Jan. 22 Low), a break below could drag it below 0.6671 (Jan. 4 Low).



Equities Recap

Asian shares jumped to a more than 4-month high, boosted by optimism that the United States and China might be able to agree on a deal to resolve their nearly year-long trade dispute.

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

Tokyo's Nikkei gained 1.3 percent to 21,144.48 points, Australia's S&P/ASX 200 index eased 0.3 percent to 6,063.60 points and South Korea's KOSPI surged 0.5 percent to 2,200.38 points.

Shanghai composite index rose 1.6 percent to 2,713.38 points, while CSI300 index traded 1.7 percent up at 3,387.73 points.

Hong Kong’s Hang Seng traded 0.8 percent higher at 28,397.24 points. Taiwan shares shed 0.1 percent to 10,090.58 points.



Commodities Recap

Crude Oil prices surged as producer cartel OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports. International benchmark Brent crude was trading 0.7 percent up at $63.00 per barrel by 0450 GMT, having hit a low of $60.58 on Thursday, its lowest since February 1. U.S. West Texas Intermediate was trading 0.5 percent higher at $53.58 a barrel, after falling as low as $51.22 on Monday, its lowest since the January 17.

Gold prices rose, extending previous session gains as investors held onto the safe-haven assets while seeking more clarity on U.S.-China trade talks. Spot gold was 0.2 percent up at $1,312.96 per ounce by 0456 GMT, having touched a low of $1,302.71 on Thursday, its lowest level since Jan. 29. U.S. gold futures gained 0.2 percent to $1,316.2 an ounce.










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#439

Post by B0N3 » Thu Feb 14, 2019 7:11 pm

Asia Roundup:
Antipodeans gain on better-than-expected Chinese trade data, yen at 1-1/2 month trough amid U.S.-China trade talks, Asian shares tumble –
Thursday, February 14th, 2019







Market Roundup

U.S.-China trade talks move to higher level as deadline looms

Trump considers 60-day extension for China tariffs deadline -Bloomberg

U.S. Congress negotiators finish drafting border security bill-aide

“Border buster” shows why Brexit frontier checks in N.Ireland would matter

Venezuela opposition takes steps to seize oil revenue as Maduro issues threat

UK house price outlook darkest since 2011 – RICS

China Jan Exports YY, 9.1%, -3.2% f'cast, -4.4% prev

China Jan Imports YY, -1.5%, -10.0% f'cast, -7.6% prev

China Jan Trade Balance (USD), 39.16 bln, 33.50 bln f'cast, 57.06 bln prev

Japan Q4 GDP QQ Annualized, 1.4%, 1.4% f'cast, -2.5% prev, -2.6% rvsd

Japan Q4 GDP QQ Capital Expenditure, 2.4%, 1.8% f'cast, -2.8% prev, -2.7% rvsd



Economic Data Ahead

(0130 ET/0630 GMT) France Q4 ILO Unemployment Rate, 9.1% f'cast, 9.1% prev

(0200 ET/0700 GMT) Germany Q4 GDP Flash YY NSA, 0.9% f'cast, 1.1% prev

(0200 ET/0700 GMT) Germany Q4 GDP Flash QQ SA, 0.1% f'cast, -0.2% prev

(0500 ET/1000 GMT) EZ Q4 GDP Flash Estimate YY, 1.2% f'cast, 1.2% prev

(0500 ET/1000 GMT) EZ Q4 GDP Flash Estimate MM, 0.2% f'cast, 0.2% prev

(0500 ET/1000 GMT) EZ Q4 Employment Flash YY, 1.2% f'cast, 1.3% prev



Key Events Ahead

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

(0430 ET/0930 GMT) BoE's Jan Vlieghe speaks on outlook for the economy in Britain and globally – London

(0605 ET/1105 GMT) BoJ's Masazumi Wakatabe speaks on “The Financial System 10 years On” – Dublin

(1100 ET/1600 GMT) FRB Philadelphia's Patrick Harker speaks on “Approaches to Leadership” at Third Annual Lerner MBA Student Association Conference – Newark

(1200 ET/1700 GMT) Norway Central Bank Governor Oeystein Olsen delivers annual address – Oslo



FX Beat

DXY: The dollar index eased, hovering away from a multi-week peak after data released on Wednesday showed U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years and supporting the Fed's recent stance on interest rate hikes. The greenback against a basket of currencies trades 0.2 percent down at 97.05, having touched a high of 97.26 the day before, its highest since December 17. FxWirePro's Hourly Dollar Strength Index stood at -34.41 (Neutral) by 0400 GMT.

EUR/USD: The euro plunged to a 3-month low as weaker-than-expected economic data out of the eurozone and expectations the European Central Bank will remain highly accommodative this year undermined the bid tone around the major. However, the greenback's retreat from multi-week peaks helped the pair to bounce back. The European currency traded 0.2 percent up at 1.1278, having touched a low of 1.1248, its lowest since Nov. 13. FxWirePro's Hourly Euro Strength Index stood at 36.02 (Neutral) by 0400 GMT. Investors’ attention will remain on Eurozone prelim gross domestic product, ahead of the U.S. retail sales, producer price index, unemployment claim benefits and business inventories. Immediate resistance is located at 1.1304 (5-DMA), a break above targets 1.1368 (Feb.7 High).. On the downside, support is seen at 1.1216 (Nov. 13 Low), a break below could drag it till 1.1180.

USD/JPY: The dollar surged to a 1-1/2 month peak against the Japanese yen, supported by sustained strength in core U.S. inflation and as China's trade figures including crude imports beat forecasts. The major was trading 0.05 percent up at 111.02, having hit a high of 111.12 earlier, its highest since December 27. FxWirePro's Hourly Yen Strength Index stood at -175.16 (Highly Bearish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. retail sales, producer price index, unemployment claim benefits and business inventories. Immediate resistance is located at 111.40 (Dec. 26 Low), a break above targets 111.82 (Aug. 29 Low). On the downside, support is seen at 110.27 (5-DMA), a break below could take it lower at 109.60 (Feb. 7 Low).

GBP/USD: Sterling consolidated near a 3-week low, as investors remain wary of taking big bets before a firm resolution on the terms of Brexit. The major traded 0.2 percent up at 1.2868, having hit a low of 1.2832 on Tuesday; it’s lowest since January 21. FxWirePro's Hourly Sterling Strength Index stood at -36.94 (Neutral) 0400 GMT. Investors’ attention will remain on developments surrounding Brexit deal and BoE Vlieghe's speech, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2957 (10-DMA), a break above could take it near 1.3080 (January 23 High). On the downside, support is seen at 1.2819 (January 14Low), a break below targets 1.2766 (Nov 22 Low). Against the euro, the pound was trading flat at 87.83 pence, having hit a low of 88.21 last week, it’s lowest since Jan. 22.

AUD/USD: The Australian dollar rallied above the 0.7100 handle after data showed China's January dollar-denominated exports rose 9.1 percent from a year earlier, while imports dropped 1.5 percent, both beating expectations. The Aussie trades 0.4 percent up at 0.7119, having hit a high of 0.7135 on Wednesday; it’s highest since February 6. FxWirePro's Hourly Aussie Strength Index stood at 167.12 (Highly Bullish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7044 (Dec. 26 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7203 (January 28 High).

NZD/USD: The New Zealand dollar advanced, extending gains for the third straight session, following the release of better-than-expected trade data from China. Moreover, a smaller probability of any rate cuts after the Reserve Bank of New Zealand slashed expectations for a future easing at its Wednesday meeting boosted investor sentiment. The Kiwi trades 0.5 percent up at 0.6829, having touched a high of 0.6851 on Wednesday, its highest level Feb. 6. FxWirePro's Hourly Kiwi Strength Index was at 157.50 (Highly Bullish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6862 (Jan. 29 High), a break above could take it near 0.6911 (Dec. 11 High). On the downside, support is seen at 0.6766 (Feb. 6 Low), a break below could drag it below 0.6706 (Jan. 22 Low).



Equities Recap

Asian shares tumbled, amid cautious trading sentiment as investors wait for any hint of progress in the latest U.S.-China tariff talks amid reports the White House could extend the deadline for a deal.

MSCI's broadest of Asia-Pacific shares outside Japan declined 0.2 percent.

Tokyo's Nikkei gained 0.1 percent to 21,159.78 points, Australia's S&P/ASX 200 index eased 0.1 percent to 6,059.40 points and South Korea's KOSPI fell 0.05 percent to 2,201.16 points.

Shanghai composite index eased 0.2 percent to 2,716.50 points, while CSI300 index traded 0.05 percent down at 3,395.65 points.

Hong Kong’s Hang Seng traded 0.5 percent lower at 28,368.48 points. Taiwan shares shed 0.05 percent to 10,089.01 points.



Commodities Recap

Crude Oil prices rallied to a 2-1/2 month peak, boosted by hopes that potential progress in the latest U.S.-China tariff talks would improve the global economic outlook. International benchmark Brent crude was trading 0.5 percent up at $63.96 per barrel by 0438 GMT, having hit a high of $64.02 earlier, its highest since November 21. U.S. West Texas Intermediate was trading 0.5 percent higher at $54.16 a barrel, after rising as high as $54.58 on Wednesday, its highest since the February 5.

Gold prices edged higher as soft U.S. inflation data raised expectations that the Federal Reserve will pause rate hikes this year, while investors’ attention remained on the developments in trade talks between Washington and Beijing. Spot gold was 0.2 percent up at $1,308.40 per ounce by 0442 GMT, having touched a high of $1,318.02 on Wednesday, its highest level since February 4. U.S. gold futures were down 0.3 percent at $1,311.










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#440

Post by B0N3 » Fri Feb 15, 2019 7:17 pm

Asia Roundup:
Antipodeans eases as soft Chinese PPI stoke deflation fears, dollar slumps against yen as weak U.S. retail sales support Fed's dovish stance, Asian shares plunge – Friday, February 15th, 2019







Market Roundup

U.S. trade envoys to meet China's Xi, no decision on deadline extension

Chance of a U.S. recession up, number of Fed rate hikes down-POLL

China offers to end market-distorting subsidies but won't say how

Trump vows emergency declaration over wall, agrees to shutdown-averting bill

Spain's Socialist PM set to call snap election on Friday

China Jan CPI YY, 1.7%, 1.9% f'cast, 1.9% prev

China Jan CPI MM, 0.5%, 0.5% f'cast, 0.0% prev

China Jan PPI YY, 0.1%, 0.2% f'cast, 0.9% prev

U.S. fund investors charge into money market funds -Lipper

Foreign CB US debt holdings -$99 mln to $3.426 tln Feb 13 week

Treasuries -$914 mln to $3.036 tln, agencies +$882 mln to $320.127 bln



Economic Data Ahead

(0430 ET/0930 GMT) Great Britain Jan Retail Sales YY, 3.4% f'cast, 3.0% prev

(0430 ET/0930 GMT) Great Britain Jan Retail Sales MM, 0.2% f'cast, -0.9% prev

(0500 ET/1000 GMT) EZ Dec Eurostat Trade NSA (EUR), 19.0 bln prev

(0600 ET/1100 GMT) EZ Jan Reserve Assets Total (EUR), 719.05 bln prev



Key Events Ahead

(0700 ET/1200 GMT) Riksbank general council meeting – Stockholm

(0800 ET/1300 GMT) ECB's Benoit Coeure participates in C. Peter McColough Series on International Economics organized by CFR – New York City

(0955 ET/1455 GMT) FRB Atlanta's Raphael Bostic speaks on “Workforce Development” at Public Affairs Research Council of Alabama – Birmingham, Atlanta

(1045 ET/1545 GMT) ECB's Ignazio Angeloni participates in panel session titled “The Future of Banking: Will European Banks Survive?” – Bruneck, Italy



FX Beat

DXY: The dollar index nudged higher, hovering towards a near 2-month peak, after Fed Governor Lael Brainard stated that the U.S. Federal Reserve should stop paring its balance sheet by the end of this year, indicating the Fed could wind up with a permanently bigger balance sheet than had been expected earlier. The greenback against a basket of currencies trades 0.1 percent up at 97.08, having touched a high of 97.29 the day before, its highest since December 17. FxWirePro's Hourly Dollar Strength Index stood at 15.26 (Neutral) by 0400 GMT.

EUR/USD: The euro eased, reversing some of its previous session gains, weighed down by weaker-than-expected euro zone data and expectations the European Central Bank will keep monetary policy accommodative for the rest of the year. The European currency traded 0.1 percent down at 1.1285, having touched a low of 1.1248 on Thursday, its lowest since Nov. 13. FxWirePro's Hourly Euro Strength Index stood at -67.11 (Bearish) by 0400 GMT. Investors’ attention will remain on Eurozone trade balance and ECB Coeure's speech, ahead of the U.S. capacity utilization, industrial production, and export and import price index. Immediate resistance is located at 1.1329 (5-DMA), a break above targets 1.1368 (Feb.7 High).. On the downside, support is seen at 1.1216 (Nov. 13 Low), a break below could drag it till 1.1180.

USD/JPY: The dollar slumped to a 4-day low, as weak U.S. retail sales data reinforced expectations the Federal Reserve will not raise rates this year. On Thursday, the major rallied to a 1-1/2 month peak as investors cheered U.S. President Donald Trump's upbeat assessment of the trade talks with China. The major was trading 0.2 percent down at 110.29, having hit a high of 111.12 the day before, its highest since December 27. FxWirePro's Hourly Yen Strength Index stood at 48.27 (Neutral) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. capacity utilization, industrial production, and export and import price index. Immediate resistance is located at 111.05 (Feb. 13 Low), a break above targets 111.40 (Dec. 26 Low). On the downside, support is seen at 110.11 (10-DMA), a break below could take it lower at 109.60 (Feb. 7 Low).

GBP/USD: Sterling consolidated near a 1-month low touched in the previous session after Prime Minister Theresa May lost a symbolic Brexit vote in parliament that undermined her pledge to European Union leaders to get her deal approved if they grant her concessions. The major traded flat at 1.2798, having hit a low of 1.2772 on Thursday; it’s lowest since January 15. FxWirePro's Hourly Sterling Strength Index stood at -90.62 (Slightly Bearish) 0400 GMT. Investors’ attention will remain on developments surrounding Brexit deal and UK retail sales, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2927 (10-DMA), a break above could take it near 1.2996 (February 7 High). On the downside, support is seen at 1.2766 (Nov 22 Low), a break below targets 1.2728 (Jan. 10 Low). Against the euro, the pound was trading flat at 87.18 pence, having hit a low of 88.39 on Thursday, it’s lowest since Jan. 21.

AUD/USD: The Australian dollar eased after data showed China's producer price inflation slowed for a seventh straight month in January to its weakest since September 2016. The selling pressure intensified after Reserve Bank of Australia Assistant Governor Christopher Kent welcomed the domestic currency's decline given there was still slack in the labour market and inflation remained below target. The Aussie trades 0.3 percent down at 0.7087, having hit a high of 0.7135 on Wednesday; it’s highest since February 6. FxWirePro's Hourly Aussie Strength Index stood at -46.73 (Neutral) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7044 (Dec. 26 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7203 (January 28 High).

NZD/USD: The New Zealand dollar retreated from a 1-week peak hit in the prior session as China faced the risk of a return to deflation, amid concerns of no apparent agreement in sight in U.S.-China trade talks. The Kiwi trades 0.2 percent down at 0.6821, having touched a high of 0.6855 on Thursday, its highest level Feb. 6. FxWirePro's Hourly Kiwi Strength Index was at 153.37 (Highly Bullish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6862 (Jan. 29 High), a break above could take it near 0.6911 (Dec. 11 High). On the downside, support is seen at 0.6766 (Feb. 6 Low), a break below could drag it below 0.6706 (Jan. 22 Low).



Equities Recap

Asian shares slumped after data showed China's producer prices slow for 7th straight month, raising concerns the Chinese economy may see the return of deflation as domestic demand cools.

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

Tokyo's Nikkei declined 1.2 percent to 20,876.89 points, Australia's S&P/ASX 200 index gained 0.1 percent to 6,066.10 points and South Korea's KOSPI fell 1.6 percent to 2,189.94 points.

Shanghai composite index eased 0.8 percent to 2,697.63 points, while CSI300 index traded 1.2 percent down at 3,360.87 points.

Hong Kong’s Hang Seng traded 1.7 percent lower at 27,939.77 points. Taiwan shares shed 0.3 percent to 10,064.78 points.



Commodities Recap

Crude Oil prices surged to a near 3-month peak, amid U.S. sanctions against Venezuela and Iran and supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). International benchmark Brent crude was trading 0.6 percent up at $65.00 per barrel by 0439 GMT, having hit a high of $65.08 earlier, its highest since November 20. U.S. West Texas Intermediate was trading 0.5 percent higher at $54.69 a barrel, after rising as high as $54.94, its highest since the February 5.

Gold prices steadied as the dollar weakened slightly after disappointing U.S. data indicated slowing economic momentum that supported the U.S. Federal Reserve's patient monetary policy approach. Spot gold was trading flat at $1,312.59 per ounce at 0447 GMT, having touched a high of $1,318.02 on Wednesday, its highest level since February 4. U.S. gold futures were up 0.1 percent at $1,315 an ounce.










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