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

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


FLASH: Gold Off, USD Off, Crude Oil Off, Stocks Up

Notes: Data Friday showed US manufacturing output fell for a 2nd month running in February and factory activity in New York state hit near a 2 low this month, further evidence of a sharp slowdown in economic growth early in Q-1.

In Asia

Gold: Spot gold has eased slightly to $1,298.81 oz..

Energy: Sunday, Saudi Arabia said OPEC’s job in re-balancing the Crude Oil market was far from done as global inventories were still rising despite harsh US sanctions on Iran and Venezuela, signaling it may need to expand output cuts into 2-H of Y 2019. Crude Oil prices are just off their highest for the year so far Monday.

  • NYMEX MTI Crude Oil was last -26c, to $58.26 bbl,
  • ICE Brent Crude Oil futures last -16c to $67.00. 

Equities: Asian shares moved higher Monday while bonds were in demand globally on mounting speculation the Fed will sound Dovish at its policy meeting this week.

Japan’s Nikkei advanced 0.59%, and MSCI’s broadest index of Asia-Pacific shares sans Japan rose 0.6%.

Shanghai blue chips climbed 1.6% and spread betters pointed to modest opening gainers for the major European bourses. A focus will be shares in Deutsche Bank and Commerzbank after the banks confirmed they are in merger talks at the weekend.

E-Mini futures for the S&P 500 seesaw on either side of the flat line. The S&P 500 boasted its best weekly gainer since the end of November last week, while the NAS Comp had its best week YTD.

Currencies: A decline in US Treasury yields weights on USD, leaving it at 111.53 JPY from a top of 111.89. Friday.

Vs a basket of peer currencies, the USD was pinned at 96.498 .DXY having shed 0.7% last week.

EUR holding at $1.1333 up from the recent low of $1.1174 which was hit when the European Central Bank took a Dovish turn Thursday.

The Pound Sterling was steady at $1.3289 as markets await some clarity on where the BREXIT settlement is heading.

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

NYMEX Crude Oil »58.27 USD-0.25-0.43%Mar 191:39AM EDT
ICE Brent Crude »67.02 USD-0.14-0.21%Mar 198:00PM EDT
NYMEX RBOB Gasoline »1.86 USD-0.00-0.11%Mar 191:38AM EDT
Dubai Crude Spot »66.90 USD-0.33-0.49%Dec 021:49AM EDT
ICE Gas Oil »606.25 USD-0.50-0.08%Apr 198:00PM EDT
NYMEX No2 Heating Oil »1.97 USD-0.00-0.10%Mar 191:34AM EDT
NYMEX Nat Gas »2.78 USD-0.01-0.40%Mar 191:38AM EDT
ICE NBP Nat Gas »37.58 GBP+0.000.00%Mar 198:00PM EDT
Gold Spot »1,298.56USD-2.57-0.20%Dec 028:00PM EDT
COMEX 100oz Gold »1,297.30USD-4.50-0.35%Mar 1912:19AM EDT
Silver Spot »15.26USD-0.01-0.10%Dec 028:00PM EDT
Platinum Spot »826.52USD-1.48-0.18%Dec 028:00PM EDT
Palladium Spot »1,552.02USD-7.98-0.51%Dec 028:00PM EDT
COMEX Copper »2.90USD+0.000.00%Mar 197:01PM EDT
CBOT Corn »373.75USC+0.50+0.13%May 191:59AM EDT
CBOT Wheat »458.00USC-4.25-0.93%May 191:56AM EDT
KCBT Wheat »440.50USC-2.50-0.57%May 191:51AM EDT
MGE Spring Wheat »554.75USC+0.000.00%May 191:41AM EDT
Euronext Milling Wheat »189.25EUR+0.000.00%May 198:00PM EDT
CBOT Soybean »906.50USC-2.75-0.30%May 191:59AM EDT

Have a terrific week

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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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