Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities


Notes: Selling pressure on US stocks fading, positive sentiment recovering. The Big Q: Will stock markets can sustain their recovery at the start of the New Year?

In Asia

Gold: Gold on pace to end the year on a high note after rallying almost 5% in the past month at $1,279.0 oz

Energy: Crude Oil prices climbed on the last trading day of the year Monday, taking a cue from firmer stock markets, but are on track for the 1st yearly decliner in 3 years on concerns of a world wild supply glut.

  • ICE Brent Crude Oil futures rose 42c, or 0.8%, to $53.63 bbl by 0250 GMT. Brent declined nearly 20% in Y 2018 following 2 years of growth.
  • NYMEX WTI Crude Oil futures were at $45.65 bbl, up 32c, or 0.7%, from Friday’s close. WTI is down about 24% YTD.

The current downward pressure on Crude Oil prices may taper off beginning in January, when OPEC-led supply cuts commence, we will see.

Equities: Asian stocks up Monday as hints of progress on the US-China trade standoff provided some optimism in what has been a rough year-end for equities globally.

MSCI’s broadest index of Asia-Pacific sans outside Japan added 0.2%, but was still down 16% on the year. E-Mini future for the S&P 500 firmed 0.68%.

Japan’s Nikkei closed for a Holiday having ended the year with off 12%.

Across the region, the worst performer of the year was the index of Chinese blue chips which lost a 25 of its value. The only major market in the Green on the is India, where the BSE .BSESN finished ahead by almost 6%.

Currencies: The drop in US Treasury yields has undermined USD in recent weeks. Against a basket of peer currencies .DXY, it was on pace to end December with a loss of 0.9% but was still up on the year.

It has also had a tough month against JPY with a loss of 2.8%, and was last trading at 110.36, but 2018 was a pretty stable year for the pair given it spent all of it in a narrow trading range of 104.55 – 114.54.

EUR was ending the month on a firmer note at $1.1443, but still felt losses of almost 5% YTD.

Commodities: Energy, Metals, and Agriculture Grains

NYMEX Crude Oil »45.12 USD+0.51+1.13%Jan 194:59PM EST
ICE Brent Crude »53.21 USD+0.000.00%Jan 197:00PM EST
NYMEX RBOB Gasoline »1.32 USD+0.02+1.42%Dec 184:39PM EST
Dubai Crude Spot »50.68 USD-0.55-1.09%Dec 026:50PM EST
ICE Gas Oil »493.25 USD+0.000.00%Jan 197:00PM EST
NYMEX No2 Heating Oil »1.66 USD-0.02-1.18%Dec 184:36PM EST
NYMEX Nat Gas »3.30 USD-0.24-7.32%Jan 194:59PM EST
ICE NBP Nat Gas »63.29 GBP+0.000.00%Jan 197:00PM EST
Gold Spot »1,280.67USD+0.000.00%Dec 027:00PM EST
COMEX 100oz Gold »1,279.30USD+1.90+0.15%Jan 197:01PM EST
Silver Spot »15.34USD+0.000.00%Dec 027:00PM EST
Platinum Spot »789.40USD+0.000.00%Dec 027:00PM EST
Palladium Spot »1,253.50USD+0.000.00%Dec 027:00PM EST
COMEX Copper »2.68USD+0.01+0.32%Jan 197:01PM EST
CBOT Corn »375.00USC+0.50+0.13%Mar 195:21PM EST
CBOT Wheat »511.25USC+0.75+0.15%Mar 195:36PM EST
KCBT Wheat »495.75USC+0.75+0.15%Mar 195:27PM EST
MGE Spring Wheat »550.00USC-2.25-0.41%Mar 194:43PM EST
Euronext Milling Wheat »203.25EUR+0.000.00%Mar 197:00PM EST
CBOT Soybean »882.75USC+13.75+1.56%Jan 195:34PM EST

Have a Happy New Year!

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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