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

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

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

FLASH: Gold Steady, USD Off, Crude Oil Off, Stocks Up

Headlines

  • Asian shares higher on China recovery, RM Yuan fixing
  • Crude Oil off as demand outlook, trade dispute weigh
  • Gold hanging near $1,500/oz on trade, recession concerns
  • The .DXY, which tracks the Buck, Vs a basket of 6 peer rivals, was off a bit.

Gold: Gold prices Monday is hanging around the $1,500 oz mark, as the US-China trade conflict drags on, as fears of a global economic slowdown increased.

  • Spot gold was steady at $1,496.99 oz, as of 0114 GMT,
  • US gold futures were flat at $1,508.50 oz.

Hedge funds and money managers raised their Bullish bets Trading Commission (CFTC) said Friday.

Energy: Crude Oil prices dipped Monday amid worries about an economic slowdown and the US-China trade dispute, which have led to a cut in the growth outlook for demand.

  •  ICE Brent Crude Oil futures LCOc1 were at 58.35 bbl by 0249 GMT, down 18c or 0.3%, from their prior settlement,
  • NYMEX WTI Crude Oil CLc1 futures were at 54.29 bbl, down 21c, or 0.4%, from Friday’s close.

Crude Oil prices are falling at the start of the trading week due to lower demand forecasts published last week and pessimism about a US-China trade deal.

Equities: Gains by Chinese equities and the RMB Yuan’s stronger-than-expected daily fixing helped lift a broad gauge of Asian shares above unchanged Monday.

MSCI’s broadest index of Asia-Pacific shares sans Japan shook off early losses to post a 0.02% gainer.

The index was aided by Chinese shares, which rallied from the previous week’s losses. Blue-chip shares rose 0.96%, with listed brokerages boosted by a late Friday announcement from China’s securities regulator of relaxed margin financing rules.

 Australian shares dipped 0.17% and Indonesian shares fell 0.53%, while the SKorean market reversed early losses to rise 0.37%.

Trading activity was relatively muted with some regional markets, including Japan, Singapore and India, closed for holidays Monday.

Currencies: GBP matched its 17 January 2017 low Vs USD, buying as little as $1.2015 in early Asian trade Monday before ticking higher to $1.2036.

The UK’s GBP came under pressure Friday after the downbeat data on the British economy.

USD dropped 0.26% Vs JPY to 105.39, and EUR added 0.1% to $1.1209.

.DXY was down a bit at 97.479

Commodities (quotes): Metals, Energy, and Agriculture Grains

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »54.38 USD-0.12-0.22%Aug 1912:31AM EDT
ICE Brent Crude »58.47 USD-0.06-0.10%Aug 1912:31AM EDT
NYMEX RBOB Gasoline »1.67 USD-0.01-0.52%Aug 1912:27AM EDT
Dubai Crude Spot »57.58 USD-0.15-0.26%Dec 0212:39AM EDT
ICE Gas Oil »554.25 USD-1.25-0.23%Aug 1910:53PM EDT
NYMEX No2 Heating Oil »1.81 USD-0.00-0.14%Aug 1912:31AM EDT
NYMEX Nat Gas »2.13 USD+0.01+0.42%Aug 1912:28AM EDT
ICE NBP Nat Gas »33.99 GBP+0.000.00%Aug 197:00PM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,496.62USD-0.22-0.01%Dec 0212:48AM EDT
COMEX 100oz Gold »1,495.90USD-0.70-0.05%Aug 1911:39PM EDT
Silver Spot »16.92USD-0.02-0.11%Dec 0212:48AM EDT
Platinum Spot »859.07USD+0.07+0.01%Dec 0212:48AM EDT
Palladium Spot »1,425.84USD+4.34+0.30%Dec 0212:48AM EDT
COMEX Copper »2.58USD+0.000.00%Aug 1910:10AM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »407.75USC-2.50-0.61%Sep 1912:38AM EDT
CBOT Wheat »496.50USC-3.00-0.60%Sep 1912:37AM EDT
KCBT Wheat »414.25USC-2.75-0.66%Sep 1912:05AM EDT
MGE Spring Wheat »564.00USC-1.25-0.22%Dec 021:00AM EDT
Euronext Milling Wheat »170.50EUR+0.000.00%Sep 1912:29PM EDT
CBOT Soybean»871.00USC-2.75-0.32%Aug 1911:30PM EDT

Have a terrific week

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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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