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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT

In Asia

Note: Asian shares found some comfort Friday as Beijing announced a new round of trade talks with Washington, though recession fear has markets betting the next move in US interest rates might be down.

And Chinese Premier Li Keqiang also signaled further policy easing and support for small business.

Gold: Keeping with the overall risk-off theme, gold hit a 6.5-month high at $1,298.42 oz Friday. Futures in the US have cracked the psych resistance at 1,300. oz

Energy: Crude Oil prices up Friday, shaking off prior losses after China said it would hold talks with US trade officials on 7-8 January to find solutions to the trade disputes between the world’s 2 biggest economies.

  • ICE Brent Crude Oil futures were at $56.12 bbl at 0542 GMT, + 17c, or 0.3%, from their last close.
  • NYMEX WTI Crude Oil futures were at $47.25 bbl, +16c, or 0.3%.

Both Crude Oil benchmarks were down earlier in the session on concerns that the US-China trade dispute would lead to a global economic slowdown.

Equities: Shanghai blue chips .CSI300 swung 2.1% higher, while SKorea .KS11 bounced 0.6%. Steadying after an overnight hammering, E-Mini futures for the S&P 500 ESc1 rose 0.5%.

The overall mood was still cautious, as Japan’s Nikkei .N225 fell 2.75% on its 1st trading day of the year, weighed by growth worries and the strength of JYP.

MSCI’s index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.4%, but is still down 1.8% at the end of another difficult week.

Currencies: USD firmer Vs a basket of peer currencies at 96.357, while EUR held steady at $1.139

Commodities: Energy, Metals, and Agriculture Grains

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »47.34 USD+0.25+0.53%Jan 1912:56AM EST
ICE Brent Crude »56.18 USD+0.23+0.41%Jan 197:00PM EST
NYMEX RBOB Gasoline »1.35 USD-0.00-0.16%Jan 1912:56AM EST
Dubai Crude Spot »55.10 USD+0.42+0.76%Dec 021:07AM EST
ICE Gas Oil »521.25 USD+9.00+1.73%Jan 197:00PM EST
NYMEX No2 Heating Oil »1.74 USD-0.00-0.14%Jan 1912:57AM EST
NYMEX Nat Gas »2.91 USD-0.03-1.03%Jan 1912:56AM EST
ICE NBP Nat Gas »61.81 GBP+0.000.00%Jan 197:00PM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,295.31USD+1.70+0.13%Dec 027:00PM EST
COMEX 100oz Gold »1,294.20USD+2.40+0.19%Jan 197:25PM EST
Silver Spot »15.77USD+0.04+0.22%Dec 027:00PM EST
Platinum Spot »800.24USD+1.94+0.24%Dec 027:00PM EST
Palladium Spot »1,264.99USD+1.50+0.12%Dec 027:00PM EST
COMEX Copper »2.57USD+0.000.00%Jan 192:45PM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »380.75USC+1.00+0.26%Mar 191:13AM EST
CBOT Wheat »515.00USC+1.25+0.24%Mar 191:15AM EST
KCBT Wheat »505.50USC+2.00+0.40%Mar 1912:57AM EST
MGE Spring Wheat »570.25USC+5.00+0.88%Mar 191:12AM EST
Euronext Milling Wheat »206.00EUR+0.000.00%Mar 197:00PM EST
CBOT Soybean »900.50USC+0.25+0.03%Jan 198:40PM EST

Have a terrific weekend.


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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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