Market Roundup
- China’s Caixin manufacturing PMI stands at 51.5 vs expected 51.7 pct (previous 51.8).
- South Korea’s manufacturing PMI stands at 50.1 vs 49.4 pct previous release.
- Taiwan’s manufacturing PMI stands at 50.80 vs 49.80 previous release.
- Singapore GDP q/q stands at 0.1 pct vs 2.4 pct previous release (expected 0.4).
- Singapore GDP y/y stands at 0.8 pct vs 0.7 pct previous release (expected 0.8).
- Singapore URA property index q/q stands at 0.3 pct vs 0.3 pct previous release.
- Thailand’s CPI y/y stands at 0.87 pct vs 0.21 pct previous release (expected 0.90 pct).
- Thailand’s core CPI y/y stands at 0.49 pct vs 0.47 pct previous release (expected 0.50 pct).
- India’s markit manufacturing PMI stands at 52.7 pct 51.2 pct previous release (expected 51.0).
Economic Data Ahead
- (0200 ET/0700 GMT) U.K. nationwide HPI.
- (0315 ET/0815 GMT) Spain manufacturing PMI.
- (0345 ET/0845 GMT) Italy manufacturing PMI.
- (0350 ET/0850 GMT) France manufacturing PMI.
- (0355 ET/0855 GMT) German manufacturing PMI.
- (0400 ET/0900 GMT) Euro zone manufacturing PMI.
- (0400 ET/0900 GMT) South Africa manufacturing PMI.
- (0430 ET/0930 GMT) U.K. manufacturing PMI.
Key Events Ahead
- No key events scheduled for the day.
FX Recap
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.19% to 96.58.
EUR/USD: The euro trades flat against U.S. dollar and currently trading $1.1207 mark on Thursday. A sustained close above $1.1222 will drag the parity higher towards key resistances around $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively. On the other hand, a consistent close below $1.1150 will drag the parity down towards key supports around $1.1075, $1.1017, $1.0919 and $1.0852 levels respectively.
USD/JPY: The Japanese yen remains almost unchanged against U.S. dollar. The pair is currently trading around 108.74 mark. A sustained close above 109.62 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 108.87 will drag the parity down towards key support around 108.40, 106.90 and 104.20 marks respectively.
GBP/USD: The Pound trades flat against U.S. dollar and stabilizes above $1.32 mark. A sustained close below $1.3110 requires for dragging the parity down towards key support around $1.2968, $1.2820, $1.2644 and $1.2352 mark respectively. On the other side, key resistances are seen at $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie takes halt against U.S. dollar and hovers around $0.7000 mark. Pair made intraday high at $0.7016 and low at $0.6994 mark. A consistent close below $0.6993 requires for downside rally towards $0.6921, $0.6838 and $0.6704 mark respectively. On the other side, a sustained close above $0.7017 will take the parity higher towards $0.7076 and $0.7122 levels respectively.
NZD/USD: The Kiwi continues to appreciate on Thursday and stabilizes above $0.6700 mark. The pair is currently trading around $0.6718 mark. A sustained close above $0.6733 requires for the upside rally. Alternatively, a consistent close below $0.6702 will take the parity down towards key supports around $0.6665, $0.6502, $0.6424, $0.6323, $0.6236 and $0.6196 levels respectively.
Equities Recap
Japanese banks will be closed in observance of the 4 - day Bank Holiday.
Hong Kong’s hang seng was trading 0.80 pct higher at 28,417.25 points.
South Korea’s Kospi was trading 0.80 pct lower at 2,179.91 points.
Taiwan’s TWII was trading 0.90 pct higher at 12,103.66 points.
India’s NSE was trading 0.40 pct higher at 12,231.50 points and BSE sensex points 0.36 pct higher at 41,454.32 points.
Commodities Recap
Gold rises gradually on Thursday and touches $1,525 mark. A sustained close above $1,514 requires for the upside rally. On the other side, a consistent close below $1,510 will drag the parity down towards key supports around $1,490, $1,472, $1,458, $1,440, $1,422 and $1,407 mark respectively. On the top side, key resistances are seen at $1,517, $1,532 and $1,558 mark respectively.
Oil prices rose on Thursday. Brent crude futures were up 22 cents to 66.27 a barrel. U.S. West Texas Intermediate (WTI) crude was up 18 cents to $61.24 per barrel.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades lower to 1.357 percent, the yield on the long-term 15-year bond trades down to 1.466 percent and the yield on short-term 2-year fell nearly 0.016 pct to 0.894 percent.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, trades slightly down to -0.012 points, the yield on the long-term 30 - year fall -0.001 pct to 0.411 points and the yield on short-term 2 - year fell to -0.128 points.
