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

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


Gold Steady
USD Flat
Crude Oil Steady
Stocks Higher

In Asia

Notes: The Federal Open Markets Committee (FOMC) will hold it next policy-setting meeting on 29-30 January.

Gold: Gold price broke psyche resistance at 1300 oz

  • Gold futures are hanging near 7-month highs at $1,302.2 oz.
  • Spot gold was last at 1,304.19 after breaking above a the Key psych mark at $1,300 oz last Friday.

Energy: The Trump Administration Monday imposed sweeping sanctions on Venezuelan state-owned Crude Oil firm PDVSA, aimed at severely curbing the OPEC member’s exports to the United States and at pressuring socialist President Nicolas Maduro to step down.

Crude Oil prices crept up Tuesday

  • NYMEX WTI Crude Oil futures were at $52.12 bbl at 0351 GMT, +13c, or 0.3%, from Monday’s settlement.
  • ICE Brent Crude Oil futures were at $60.05 bbl, +12c, or 0.2%

Despite the move traders said ample global Crude Oil supply and an economic slowdown especially in China are keeping prices in check.

Equities: Asian shares off Tuesday and USD is hanging near 2-week lows as prospects for a long-awaited US-China trade deal were dealt blow after the United States leveled sweeping criminal charges against China’s telecom giant Huawei.

The mood is subdued elsewhere with spread-betters suggesting a tentative start for Europe while futures for the S&P 500, DJIA and NAS Comp were off 0.2% each.

In Asia, the losses were led by Australia and New Zealand, with their benchmark indices down 0.5 and 1.2% respectively.

Chinese shares opened in the Red, then recovered in the afternoon. Shanghai’s SSE Composite was up 0.1%, while the blue-chip index climbed 0.4%.

Overall, MSCI’s broadest index of Asia-Pacific shares sans Japan was still down 0.2% even after recouping some of its earlier losses.

Currencies: .DXY which measures the Buck Vs a basket of major currencies, was last seen at 95.733.

Against the safe haven JPY, USD was down at 109.32, on track for a 3rd straight session of losses.

Commodities: Energy, Metals, and Agriculture Grains

NYMEX Crude Oil »52.34 USD+0.35+0.67%Feb 191:41AM EST
ICE Brent Crude »60.31 USD+0.38+0.63%Jan 197:00PM EST
NYMEX RBOB Gasoline »1.34 USD+0.00+0.36%Jan 191:36AM EST
Dubai Crude Spot »59.84 USD+0.16+0.27%Dec 021:51AM EST
ICE Gas Oil »559.25 USD+3.75+0.67%Feb 197:00PM EST
NYMEX No2 Heating Oil »1.86 USD+0.02+0.96%Jan 191:13AM EST
NYMEX Nat Gas »2.92 USD+0.01+0.27%Jan 191:37AM EST
ICE NBP Nat Gas »55.20 GBP+0.000.00%Jan 197:00PM EST

Metals and Agriculture Grain live quotes N/A

Stay tuned…

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Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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