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

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

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

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

Note: This week the world’s investors are focused on big bank earnings.

Comments from Fed Vice Chairman Richard Clarida that the U.S. economy is in a “good place” but reemphasizing the Fed’s patience on rate hikes, also helped to reassure investors Thursday ahead of earnings season kick-off Friday.

President Trump threatened to impose tariffs on $11-B worth of European Union products, heightening tensions over a long-running transatlantic Airbus subsidy dispute.

European Union leaders gave Britain 6 more months to leave the single currency bloc, more than PM Theresa May says she needs, but less than many wanted, thanks to fierce resistance from France’s President Macron.

In Asia

Gold: Gold flat after falling more than 1% Thursday to break below the Key $1,300 level following solid US data.

  • Spot gold traded at $1,292.03 oz.

Energy: WTI Crude Oil ticked up 0.35% at $63.80 bbl, while ICE Brent Crude Oil was up 0.28% at $71.03 bbl.

Equities: Asian shares turned lower Friday on caution ahead of the start of the US corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring US economic data.

MSCI’s broadest index of Asia-Pacific shares sans Japan was last down 0.1%

Despite broad weakness in the region, with Chinese blue-chips off 0.8% ahead of the release of trade data, higher Chinese iron ore prices helped to push Australia’s S&P/ASX 200 index up 0.7%.

Japan’s Nikkei stock index gained 0.5%.

The DJIA fell 0.05% to 26,143.05, the S&P 500 closed flat at 2,888.32 and the NAS Comp dropped 0.21% to 7,947.36.

Currencies: EUR rose to a 2.5 week high Friday, as dealers said speculators anticipated increased demand for the single currency arising from a Japanese bank’s plans to purchase the multi-billion Dollar aviation finance business from a German bank.

EUR rose 0.35% to $1.1289 after tapping $1.1294, its highest since 26 March. The single currency also advanced about 0.4% to 126.23 JPY, its strongest since 21 March.

Pressured by the stronger EUR, .DXY Vs a basket of 6 peer currencies was down 0.2% at 96.991, giving back most of Thursday’s gains.

USD was little changed at 111.77 JPY after gaining 0.6% overnight on robust US data and the subsequent rise in US Treasury yields.

With USD broadly lower, GBP rose 0.2% to $1.3078 to cancel out most of Thurs day’s losses.

Volatility in GBP fell after a midweek deal at an emergency EU Summit to postpone Britain’s exit from the bloc to 31 October. The deal meant Britain would not crash out this week without a treaty.

The Canadian Dollar edged up 0.15% to C$1.3367 per USD after shedding 0.5% off Thursday as Crude Oil prices retreated from 5 month highs.

The Australian Dollar traded at $0.7117 for a gain of 0.1%, after falling 0.7% Thursday.


The New Zealand Dollar sensitive to shifts in commodity prices slipped to $0.6714, its lowest since 22 January.

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

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »63.33 USD+0.25+0.39%Apr 191:34AM EDT
ICE Brent Crude »70.62 USD+0.28+0.40%Apr 191:33AM EDT
NYMEX RBOB Gasoline »1.98 USD+0.01+0.62%Apr 191:30AM EDT
Dubai Crude Spot »70.13 USD+0.28+0.40%Dec 021:44AM EDT
ICE Gas Oil »625.25 USD+7.25+1.16%Apr 191:29AM EDT
NYMEX No2 Heating Oil »2.05 USD+0.01+0.26%Apr 191:34AM EDT
NYMEX Nat Gas »2.68 USD+0.01+0.49%Apr 191:34AM EDT
ICE NBP Nat Gas »41.09 GBP+0.000.00%Apr 197:00PM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,296.54USD+5.24+0.40%Dec 021:49AM EDT
COMEX 100oz Gold »1,293.40USD+3.00+0.23%Apr 199:04PM EDT
Silver Spot »15.09USD+0.01+0.07%Dec 021:48AM EDT
Platinum Spot »905.70USD+10.70+1.18%Dec 021:49AM EDT
Palladium Spot »1,372.56USD+2.56+0.19%Dec 021:49AM EDT
COMEX Copper »2.89USD+0.000.00%Apr 197:01PM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »362.75USC+0.25+0.07%May 191:43AM EDT
CBOT Wheat »463.75USC-4.00-0.86%May 191:43AM EDT
KCBT Wheat »428.75USC-2.50-0.58%May 191:39AM EDT
MGE Spring Wheat »524.00USC+1.50+0.29%May 191:33AM EDT
Euronext Milling Wheat »189.25EUR+0.000.00%May 1912:29PM EDT
CBOT Soybean »902.00USC+3.00+0.33%May 191:43AM EDT

Have a terrific weekend

commoditiesCorncurrenciesenergyequitiesGLDGoldmetalsoilSLVSOY

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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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