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

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

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

FLASH: Gold Steady , USD Flat, Crude Oil Up, Stocks Down

Notes: Investors are looking ahead to the ECB’s board meeting Thursday. The ECB is expected to pare growth forecasts and give its strongest signal yet that more stimulus is coming in the form of more cheap loans.

Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago.

President Trump says, “All of nothing at all!”

US NFP data out Friday.

In Asia

Gold: Gold prices steadied Thursday as little appetite for riskier assets offered some support to the safe-haven metal, while a firmer USD curbed gains ahead of European Central Bank’s (ECB) policy meeting later today.

  • Spot gold steady at $1,286.25 oz, as of 0521 GMT,
  • US gold futures were down 0.1% at $1,286.70 oz.

There is some support for safe-haven assets. Equities in Asia have given up the gains and that reflects the pressure seen on risk assets,

Energy: Crude Oil edged up Thursday amid ongoing OPEC-led supply cuts and US sanctions against exporters Venezuela and Iran, although prices were prevented from rising further by record US output and rising commercial fuel inventories.

  • WTI Crude Oil futures +0.3% to $56.40 bbl
  • Brent Crude Oil futures +0.5% at $66.32 bbl.

Equities: Asian shares eased Thursday, with caution prevailing as investors awaited some kind of resolution to US-China trade negotiations, while EUR remained under pressure ahead of the European Central Bank (ECB) meeting.

MSCI’s broadest index of Asia-Pacific shares sans Japan 0.2% lower Thursday, not far from its 5-month high marked last week, and is up 10.2 YTD.

Japan’s Nikkei average fell 0.8%, while China’s benchmark Shanghai Composite flat, the blue-chip CSI 300 shed 0.9%, and Hong Kong’s Hang Seng fell 0.5%.

Currencies: USD -0.1% to 111.70 JPY, moving further away from Tuesday’s 2-1/2-month high at 112.135.

.DXY which measures the Buck Vs a basket of six of its peers flat to unchanged.

The Canadian and Australian dollars sank to 2-month lows Wednesday as traders scaled back holdings on expectations policy-makers would leave interest rates alone in the foreseeable future or even lower them to counter their softening economies

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

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »56.31 USD+0.09+0.16%Mar 191:41AM EST
ICE Brent Crude »66.27 USD+0.28+0.42%Mar 197:00PM EST
NYMEX RBOB Gasoline »1.80 USD+0.01+0.41%Mar 191:39AM EST
Dubai Crude Spot »66.24 USD+0.12+0.18%Dec 021:48AM EST
ICE Gas Oil »622.75 USD+2.75+0.44%Mar 197:00PM EST
NYMEX No2 Heating Oil »2.02 USD+0.00+0.11%Mar 191:39AM EST
NYMEX Nat Gas »2.84 USD-0.00-0.07%Mar 191:39AM EST
ICE NBP Nat Gas »42.08 GBP+0.000.00%Mar 197:00PM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,284.61USD-1.75-0.14%Dec 027:00PM EST
COMEX 100oz Gold »1,284.90USD+0.000.00%Mar 197:01PM EST
Silver Spot »15.03USD-0.04-0.27%Dec 027:00PM EST
Platinum Spot »826.17USD-0.57-0.07%Dec 027:00PM EST
Palladium Spot »1,533.80USD-4.47-0.29%Dec 027:00PM EST
COMEX Copper »2.91USD-0.00-0.14%Mar 1912:34AM EST
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »361.00USC-1.50-0.42%Mar 198:21PM EST
CBOT Wheat »440.50USC+0.000.00%Mar 1911:03AM EST
KCBT Wheat »436.25USC+5.00+1.15%Mar 198:37PM EST
MGE Spring Wheat »557.00USC+0.000.00%Mar 1912:22AM EST
Euronext Milling Wheat »191.25EUR+0.000.00%Mar 197:00PM EST
CBOT Soybea »889.75USC+0.000.00%Mar 195:32PM EST
CBOT Soybean Oil »29.55USC+0.04+0.14%Mar 198:00PM 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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