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

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

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

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

Notes:
European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it.

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!”

In Asia

Gold: Spot gold +0.2% to $1,296.45 oz..

Energy: Crude Oil prices rose Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.

  • NYMEX WTI Crude Oil futures were $56.97 bbl at 0054 GMT, +18c, or 0.3% from Monday’s settlement.
  • Ice Brent Crude Oil futures were at $66.75 bbl, +17c, or 0.3%

A rally in broader financial markets also supported Crude Oil futures, although analysts warn of risks to the global economy.

Equities: MSCI’s broadest index of Asia-Pacific shares sans Japan was up 1.08%, with early gains reinforced by a rise in Chinese shares and Crude Oil companies, which were buoyed by higher prices.

Chinese blue chips rose 1.3%, extending the prior day’s 2% gainer

Australian shares were up 0.4%, while Japan’s Nikkei stock index jumped 1.9%, aided by a weaker JPY.

The amended Brexit deal gave a further boost to investors’ appetite for riskier assets, after global equity indexes climbed overnight on gains in technology stocks and expectations of more stimulus from China.

US shares rebounded from a week-long losing streak

Currencies: GBP jumped and Asian shares rallied Tuesday after the European Commission agreed to changes in a BREXIT deal ahead of a vote Tuesday in the British parliament on a divorce agreement. Sterling
was up 0.5%, buying $1.3215 and taking its gains over 2 days to more than 1.5%.

.DXY shed 0.2% to 97.036. But rising risk appetite weighed on the safe-haven JPY, pushing USD up 0.16% to 111.37.

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

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »56.93 USD+0.14+0.25%Mar 192:24AM EDT
ICE Brent Crude »66.66 USD+0.08+0.12%Mar 198:00PM EDT
NYMEX RBOB Gasoline »1.83 USD+0.00+0.10%Mar 192:22AM EDT
Dubai Crude Spot »67.07 USD-0.08-0.12%Dec 022:31AM EDT
ICE Gas Oil »611.00 USD-1.00-0.16%Mar 198:00PM EDT
NYMEX No2 Heating Oil »1.99 USD-0.00-0.08%Mar 192:22AM EDT
NYMEX Nat Gas »2.78 USD+0.00+0.18%Mar 192:23AM EDT
ICE NBP Nat Gas »41.57 GBP+0.000.00%Mar 198:00PM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,296.36USD+2.36+0.18%Dec 028:00PM EDT
COMEX 100oz Gold »1,288.80USD+0.000.00%Mar 197:01PM EDT
Silver Spot »15.40USD+0.08+0.52%Dec 028:00PM EDT
Platinum Spot »824.01USD-0.74-0.09%Dec 028:00PM EDT
Palladium Spot »1,535.58USD-0.43-0.03%Dec 028:00PM EDT
COMEX Copper »2.93USD+0.03+1.04%Mar 1912:11AM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »353.00USC+0.50+0.14%Mar 1912:15AM EDT
CBOT Wheat »424.00USC+1.75+0.41%Mar 1910:53PM EDT
KCBT Wheat »414.25USC+0.000.00%Mar 191:00AM EDT
MGE Spring Wheat »550.75USC+0.000.00%Mar 191:14AM EST
Euronext Milling Wheat »181.25EUR+0.000.00%May 198:00PM EDT
CBOT Soybean »877.75USC+0.000.00%Mar 195:33PM EDT

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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