x
Visit our new Mobile Website next time you access NetDania with your mobile device
Netdania News
Asia roundup: Aussie eases on RBA policy meeting minutes, Dollar tumbles Amid doubts over the U.S.-China trade deal, Asian shares subdued - Tuesday, November 19th, 2019

Source FxWire Pro - Media Round Ups Tuesday, 19 Nov, 2019 07:12:17 GMT
Back

Market Roundup

  • Oil slips amid rise in U.S. inventories.
     
  • Gold gains on lack of U.S.-China trade talk progress
     

Economic Data Ahead

  • (0400 ET/0900 GMT) Italy industrial sales MoM September
     
  • (0400 ET/0900 GMT) Italy industrial sales YoY September
     
  • (0400 ET/0900 GMT) EZ Current Account N.S.A
     
  • (0400 ET/0900 GMT) EZ Current Account S.A
     
  • (0400 ET/0900 GMT) EZ Construction output S.A
     
  • (0400 ET/0900 GMT) EZ Construction output W.D.A
     

Key Events Ahead

  • No significant event scheduled

FX Beat

DXY: The dollar index declined amid receding hopes for a preliminary trade deal between the United States and China. The greenback against a basket of currencies traded 0.1 percent down at 97.77, having touched a high of 98.45 on Wednesday, its highest since October 15.

EUR/USD: The euro steadied after rising to an over 1-week peak in the previous session, after Slovenian central bank chief Boštjan Vasle stated that Eurozone growth has stabilised and the European Central Bank’s recent stimulus scheme is working as intended. The European currency traded 0.05 percent up at 1.1075, having touched a high of 1.1089 on Monday, its highest since November 7. Investors’ attention will remain on a series of data out of Eurozone economies, EZ current account and construction output, ahead of the U.S. building permits, housing starts, and Fed officials' speeches. Immediate resistance is located at 1.1091, a break above targets 1.1123. On the downside, support is seen at 1.1039, a break below could drag it below 1.1002.

USD/JPY: The dollar declined, extending previous session losses after CNBC reported that Beijing was pessimistic about a trade deal with the United States, troubled by President Donald Trump’s comments that there was no agreement on rollback of tariffs. The major was trading 0.1 percent down at 108.60, having hit a low of 108.24 on Thursday, its lowest since November 4. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. building permits, housing starts, and Fed officials' speeches. Immediate resistance is located at 108.75 (21-DMA), a break above targets 109.15 (November 13 High). On the downside, support is seen at 108.29, a break below could take it near at 108.03.

GBP/USD: Sterling surged, extending gains for the fifth straight session, as the Conservatives lead in polls for Britain’s general election, boosting the chances of Prime Minister Boris Johnson’s withdrawal deal being passed by parliament before the January 31 Brexit deadline. The major traded 0.1 percent up at 1.2959, having hit a high of 1.2985 on Monday, it’s highest since November 4. Immediate resistance is located at 1.2975, a break above could take it near 1.3012 (October 21 High). On the downside, support is seen at 1.2884 (5-DMA), a break below targets 1.2859 (10-DMA). Against the euro, the pound was trading flat at 85.45 pence, having hit a high of 85.45 earlier, it’s highest since May 6.

AUD/USD: The Australian dollar declined after minutes from a Reserve Bank of Australia policy meeting showed central bankers considered cutting rates this month. The Aussie trades 0.1 percent down at 0.6784, having hit a low of 0.6769 on Thursday, it’s lowest since October 17. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6751, a break below targets 0.6708. On the upside, resistance is located at 0.6836, a break above could take it near 0.6858.

NZD/USD: The New Zealand dollar plunged as investors await clearer news on the progress of trade negotiations between the United States and China. The Kiwi trades 0.1 percent down at 0.6393, having touched a high of 0.6418 on Thursday, its highest level since November 5. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6418, a break above could take it near 0.6435. On the downside, support is seen at 0.6371 (10-DMA), a break below could drag it below 0.6326.

Equities Recap

Asian shares markets were mixed in subdued trade as investors await clarity on whether U.S.-China negotiations will reach a preliminary accord to end the prolonged trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan surged 0.3 percent.

Tokyo's Nikkei eased 0.5 percent to 23,292.65 points, Australia's S&P/ASX 200 index rallied 0.7 percent to 6,814.20 points and South Korea's KOSPI declined 0.4 percent to 2,151.17 points.

Shanghai composite index rose 0.6 percent to 2,925.48 points, while CSI 300 index traded 0.7 percent up at 3,936.47 points.

Hong Kong’s Hang Seng traded 1.3 percent higher at 27,014.42 points. Taiwan shares added 0.5 percent to 11,656.40 points

Commodities Recap

Crude oil prices steadied, after tumbling in the previous session, amid market concerns over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories. International benchmark Brent crude was trading 0.2 percent up at $62.34 per barrel by 0511 GMT, having hit a high of $63.63 on Friday, its highest since September 24. U.S. West Texas Intermediate was trading 0.2 percent higher at $56.93 a barrel, after rising as high as $57.93 on Friday, its highest since September 24.

Gold prices declined after rising to its highest in more than 1-1/2 weeks earlier in the session on fresh doubts about a trade deal between the United States and China. Spot gold eased 0.1 percent to $1,469.55 per ounce by 0528 GMT, having touched a high of $1,475.25 earlier, its highest November 7. U.S. gold futures edged up 0.2 percent to $1,474.10 per ounce.

Treasuries Recap

The Japanese government bond prices edged a tick higher amid a lack of clarity on the progress in the U.S-China trade negotiations. Benchmark 10-year JGB futures rose 0.04 point to 153.29.  The key 10-year cash JGB yield fell half-a-basis point to minus 0.095 percent. The 20-year and the 40-year yields also dropped 0.5 basis point each to 0.280 percent and 0.470 percent, respectively, while the 30-year yield stood flat at 0.440 percent. The five-year yield retreated half-a-basis point to minus 0.205 percent.

© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.
Find a Top Broker
Global
Forex
27905.90
-18.15
-0.06%
3134.70
-1.82
-0.06%
8358.25
-2.52
-0.03%
7238.91
14.78
0.20%
13060.69
-9.8
-0.07%
23429.50
-10
-0.04%
2917.32
2.84
0.10%
7206.05
-24.15
-0.33%
26407.00
-50
-0.19%
6740.70
30.5
0.45%
11856.80
-80.7
-0.68%
1464.00
0.13
0.01%
64.16
0.108
0.17%
1.10913
-0.00011
-0.01%
108.771
0.002
0.00%
1.31306
0.00018
0.01%
0.68125
0.00017
0.02%
1.32348
0.00004
0.00%
120.64500
-0.007
-0.01%
0.84466
-0.00015
-0.02%
142.82200
0.022
0.02%
0.98445
-0.00009
-0.01%
1.09189
-0.0002
-0.02%
0.65478
0.00047
0.07%
97.52100
-0.123
-0.13%
Top Gainers
Name
Last
+/-
%
13.92
5.99
75.54%
5.21
2.21
73.67%
1.00
0.40
66.69%
0.62
0.19
44.62%
0.13
0.03
30.39%
6.92
1.48
27.21%
7.96
1.68
26.75%
1.82
0.37
25.52%
1.70
0.31
22.30%
4.85
0.87
21.86%
Top Losers
Name
Last
+/-
%
0.00
0.00
-52.54%
0.06
-0.06
-50.00%
12.44
-7.39
-37.27%
13.65
-6.85
-33.42%
0.64
-0.18
-21.51%
2.02
-0.51
-20.16%
0.40
-0.10
-20.02%
0.22
-0.05
-19.67%
16.73
-3.86
-18.75%
0.88
-0.16
-15.38%
NetDania does not guarantee the accuracy of data contained on this website, nor do we guarantee that data is real-time. Data on this website may be provided from OTC market sources and market makers, and not necessarily from exchanges. The provided price data is indicative and may not be appropriate for trading or decision making purposes. NetDania does not assume any responsibility for any losses incurred from the use of the provided data.
NetDania does not endorse or promote any broker or financial service. NetDania is a pure technology provider offering its software with broker integration. Any user of NetDania software must be an existing client of one of our supported brokers. NetDania showcases NetDania technology for the purpose of demonstrating it towards brokers and other institutions looking to white label the technology on a software subscription contract. No financial services are offered, promoted or recommended. NetDania is compensated as a technology provider by its institutional clients including its integrated brokers. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation affecting it.

Persons or entities including approved brokers not belonging to the NetDania Group may advertise on the NetDania and its Group’s websites, through links, banners or otherwise. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. We accordingly provide no warranties with regard to and disclaim responsibility for any such products, information or services and exclude all liability in this regard to the fullest extent permitted by relevant laws and regulations. If a user of the NetDania Group’s websites decides to act upon any such advertising, such user does so entirely at its own risk.

NetDania’s website may be accessed worldwide. The Information provided on its website is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. None of the offerings services referred to on this website are available to recipients residing in countries where the provision of such offerings would constitute a violation of mandatory applicable legislation or regulations. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation.

HIGH RISK INVESTMENT WARNING:
End-users of the NetDania software that make use of the trading integration features as direct clients of integrated brokers, should be aware of the level of risk carried by trading in financial markets. Trading foreign exchange and or other financial instruments on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or more of your initial investment, and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from your broker and or an independent financial advisor if you have any doubts. Anyone opening a live trading account needs to adhere to the laws of their local country as such laws may differ from country to country.
NetDania expressly disclaims any liability for any lost principal or profits which without limitation may arise directly or indirectly from the use of or reliance on information on our website or the use of our software with broker integration.
Copyright © 1998 -2019 NetDania Creations ApS, Bredgade 30, 1st floor, DK-1260 Copenhagen K, Denmark, +4536980409, Contact NetDania by email, CVR-nr.27976670 Terms And Conditions and Privacy Policy