Crude Oil Steady
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
|COMMODITY||LAST||CHANGE||% CHANGE||EXP DATE||TIME|
|NYMEX Crude Oil »||52.34 USD||+0.35||+0.67%||Feb 19||1:41AM EST|
|ICE Brent Crude »||60.31 USD||+0.38||+0.63%||Jan 19||7:00PM EST|
|NYMEX RBOB Gasoline »||1.34 USD||+0.00||+0.36%||Jan 19||1:36AM EST|
|Dubai Crude Spot »||59.84 USD||+0.16||+0.27%||Dec 02||1:51AM EST|
|ICE Gas Oil »||559.25 USD||+3.75||+0.67%||Feb 19||7:00PM EST|
|NYMEX No2 Heating Oil »||1.86 USD||+0.02||+0.96%||Jan 19||1:13AM EST|
|NYMEX Nat Gas »||2.92 USD||+0.01||+0.27%||Jan 19||1:37AM EST|
|ICE NBP Nat Gas »||55.20 GBP||+0.00||0.00%||Jan 19||7:00PM EST|
Metals and Agriculture Grain live quotes N/A