Market Roundup
- Australia’s employment change stands at 28.9K vs 38.5K previous release (expected 12.2K).
- Australia’s unemployment rate stands at 5.1 pct vs 5.2 pct previous release (expected 5.2 pct).
- Singapore’s URA property index q/q stands at 0.5 pct vs 0.3 pct previous release.
- Japan’s trade balance stands at -0.10T vs -0.09T previous release (expected -0.24T).
- Japan’s all industries activities m/m stands at 0.9 pct vs -4.8 pct previous release (expected 0.4 pct).
Economic Data Ahead
- No major economic data scheduled.
Key Events Ahead
- (0245 ET/0745 GMT) ECB interest rate decision.
FX Recap
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.045% to 97.34.
EUR/USD: The euro falls gradually against U.S. dollar and currently trading $1.1082 mark on Thursday. A sustained close above $1.1096 will drag the parity higher towards key resistances around $1.1142, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively. On the other hand, a consistent close below $1.1076 will drag the parity down towards key supports around $1.1017, $1.0919 and $1.0852 levels respectively.
USD/JPY: The Japanese yen rises against U.S. dollar after robust trade balance data. The pair is currently trading around 109.53 mark. A sustained close above 110.18 is required to take the parity higher towards key resistances around 110.50, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 109.83 will drag the parity down towards key support around 109.02, 108.40, 106.90 and 104.20 marks respectively.
GBP/USD: The Pound rises against U.S. dollar and stabilizes above $1.31 mark. The pair is currently stabilizes above 1.3122 mark. A sustained close below $1.2935 requires for dragging the parity down towards key support around $1.2820, $1.2644 and $1.2352 mark respectively. On the other side, key resistances are seen at $1.3157, $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie appreciates against U.S. dollar after strong job data reading. Pair made intraday high at $0.6878 and low at $0.6837 mark. A consistent close below $0.6843 requires for downside rally towards $0.6804 and $0.6754 mark respectively. On the other side, a sustained close above $0.6865 will take the parity higher towards $0.6942, $0.7076 and $0.7122 levels respectively.
NZD/USD: The Kiwi trades flat against U.S. dollar and consolidates around $0.6590 mark. The pair is currently trading around $0.6588 mark. A sustained close above $0.6646 requires for the upside rally. Alternatively, a consistent close below $0.6590 will take the parity down towards key supports around $0.6502, $0.6424, $0.6323, $0.6236 and $0.6196 levels respectively.
Equities Recap
Japan’s Nikkei was trading 0.97 pct lower at 23,796.50 points.
Australia’s S&P/ASX 200 was trading 0.66 pct lower at 7,085.10 points.
Hong kong’s Hang seng was trading 1.96 pct lower at 27,786.00 points.
South Korea’s Kospi was trading 0.95 pct lower at 2,245.48 points.
India’s NSE was trading 0.30 pct higher at 12,144.85 points and BSE sensex 0.35 pct higher at 41,260.43 points.
Commodities Recap
Gold hovers around $1,560 mark on Thursday. A sustained close above $1,562 requires for the upside rally. On the other side, a consistent close below $1,546 will drag the parity down towards key supports around $1,530, $1,511, $1,490, $1,472 and $1,458 mark respectively. On the top side, key resistances are seen at $1,574, $1,597 and $1,611 mark respectively.
Oil price depreciates drastically on Thursday. Brent crude futures were down by more than 1 pct to $62.16. The West Texas Intermediate contract was down by 1.09 pct to $55.66 a barrel.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades lower to 1.101 points, the yield on the long-term 15-year bond trades down to 1.190 points and the yield on short-term 2-year fell nearly 0.019 pct to 0.743 points.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, trades slightly down to -0.019 points, the yield on the long-term 30 - year fell -0.026 pct to 0.418 points and the yield on short-term 2 - year fell to -0.129 points.
