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

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

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

In Asia

Note: Presidents Trump to speak to the Nation Tuesday on Key issues of national security.

Gold: Gold held steady Tuesday as bets on a pause in US interest rate hikes and hopes of a US-China trade deal put pressure on USD, but an improved risk appetite capped gains for the safe-haven metal.

Energy: Crude Oil prices were stable Tuesday, supported by hopes that talks under way in Beijing involving US and Chinese officials could end trade disputes between the world’s 2 biggest economies, while OPEC-led supply cuts also tightened markets.

  • ICE Brent Crude Oil futures were at $57.43 bbl at 0218 GMT (9.18p EST) +10c, or 0.1% from Monday’s close.
  • WTI Crude Oil futures were at $48.62 bbl, +10c, or 0.2%

US Commerce Secretary Wilbur Ross said late Monday that Beijing and Washington could reach a trade deal that “we can live with” as officials from China and the US held talks in a bid to end a trade dispute that has roiled global markets since last year.

Equities: Asian shares dipped Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS reversed from early gains to slip 0.2%, down on falls in China .SSEC.CSI300 and Taiwan .TWII, while Japan’s Nikkei .N225 rose 0.8%.

Financial spreadbetters expect a mixed start in Europe, with Germany’s DAX .DAX tipped to open 43 pts higher at 10,790, Paris’s CAC 40 .FCHI expected to rise 32 pts to 7,751, while London’s FTSE .FTSE was seen dropping 31 pts to 6,778.

Market optimism being helped by hopes for the US-China trade talks. But many investors are still trying to play it safe and it is yet to be seen whether the recovery continues, or ends up as a short-term relief rally.

Currencies: The USD is losing momentum as investors wind back expectations of rate hikes and a future widening in its yield advantage.

EUR slipped 0.2% to $1.1454, GBP traded flat at $1.2780.

The Canadian Dollar (CAD) hit 1-month highs, having gained 2.7% in the past 5 days on gains in Crude Oil prices and on speculation the Bank of Canada will stick to its plan to raise interest rates to a Neutral range. 

Commodities: Energy, Metals, and Agriculture Grains

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »48.55 USD+0.03+0.06%Jan 192:08AM EST
ICE Brent Crude »57.34 USD+0.01+0.02%Jan 197:00PM EST
NYMEX RBOB Gasoline »1.34 USD+0.00+0.01%Jan 192:04AM EST
Dubai Crude Spot »56.01 USD-0.25-0.45%Dec 022:17AM EST
ICE Gas Oil »538.50 USD-4.75-0.88%Jan 197:00PM EST
NYMEX No2 Heating Oil »1.78 USD+0.00+0.25%Jan 192:04AM EST
NYMEX Nat Gas »3.00 USD+0.06+1.87%Jan 192:06AM EST
ICE NBP Nat Gas »59.64 GBP+0.38+0.64%Jan 197:00PM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,281.91USD-6.72-0.52%Dec 027:00PM EST
COMEX 100oz Gold »1,280.50USD-6.30-0.49%Jan 192:18AM EST
Silver Spot »15.50USD-0.14-0.92%Dec 027:00PM EST
Platinum Spot »815.70USD-6.50-0.80%Dec 027:00PM EST
Palladium Spot »1,298.30USD-1.20-0.09%Dec 027:00PM EST
COMEX Copper »2.64USD+0.000.00%Jan 197:01PM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »383.75USC+1.50+0.39%Mar 192:35AM EST
CBOT Wheat »519.25USC+2.50+0.48%Mar 192:37AM EST
KCBT Wheat »505.25USC+2.25+0.45%Mar 192:30AM EST
MGE Spring Wheat »568.50USC+0.50+0.09%Mar 192:37AM EST
Euronext Milling Wheat »205.25EUR+0.000.00%Mar 197:00PM EST
CBOT Soybean »911.75USC-0.50-0.05%Jan 1912:02AM EST

Stay tuned…

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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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