Market Roundup
- BOJ keeps policy rate unchanged at -0.10 pct.
- South Korea’s PPI m/m stands at 0.3 pct vs -0.1 pct previous release.
- South Korea’s PPI y/y stands at 0.7 pct vs -0.1 pct previous release.
Economic Data Ahead
- (0200 ET/0700 GMT) Swiss trade balance.
- (0300 ET/0800 GMT) Taiwan GDP.
- (0330 ET/0830 GMT) Hong Kong CPI.
- (0400 ET/0900 GMT) Spain Trade balance.
- (0430 ET/0930 GMT) UK Claimant count change, unemployment rate.
- (0500 ET/1000 GMT) German ZEW current conditions, economic sentiments.
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 down 0.03% to 97.33.
EUR/USD: The euro trades flat against U.S. dollar and currently trading $1.1096 mark on Tuesday. 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 appreciates against U.S. dollar after BOJ’s policy rate decision. The pair is currently trading around 109.96 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 109.89 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 ahead of U.K.’s job data. The pair is currently hovers around 1.30 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 $1.3045, $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie falls gradually against U.S. dollar and stabilizes below $0.69 mark. Pair made intraday high at $0.6886 and low at $0.6853 mark. A consistent close below $0.6872 requires for downside rally towards $0.6838 and $0.6754 mark respectively. On the other side, a sustained close above $0.6903 will take the parity higher towards $0.6942, $0.7076 and $0.7122 levels respectively.
NZD/USD: The Kiwi remains almost unchanged on Tuesday and consolidates around $0.6600 mark. The pair is currently trading around $0.6604 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 0.99 pct lower at 23,844.50 points.
Australia’s S&P/ASX 200 was trading 0.35 pct lower at 7,054.10 points.
Hong kong’s Hang seng was trading 2.36 pct lower at 28,117.00 points.
South Korea’s Kospi was trading 0.84 pct lower at 2,243.95 points.
India’s NSE was trading 0.04 pct lower at 12,219.25 points and BSE sensex 0.08 pct lower at 41,499.57 points.
Commodities Recap
Gold hits fresh 2 – week high at $1,568 mark. A sustained close above $1,574 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 prices trade marginally lower on Tuesday. Brent crude futures were down by 30 cents to $64.83. The West Texas Intermediate contract was down by 20 cents at $58.38 a barrel.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades lower to 1.161 points, the yield on the long-term 15-year bond trades down to 1.266 points and the yield on short-term 2-year fell nearly 0.004 pct to 0.756 points.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, trades slightly down to -0.003 points, the yield on the long-term 30 - year fell -0.024 pct to 0.450 points and the yield on short-term 2 - year fell to -0.125 points.
