Market Roundup
- Japan’s core CPI stands at 0.2 pct vs 0.3 pct previous release (expected 0.3).
- Gold hits fresh 7 – week high at $1,491 mark.
- Silver rises remarkably in early Asia, hits highest level since Nov 07.
Economic Data Ahead
- No key economic data scheduled for the day.
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 0.05% to 97.70.
EUR/USD: The euro trades flat against U.S. dollar and remains well supported below $1.11 mark. It made intraday high at $1.1094 and low at $1.1085 mark. A sustained close above $1.1088 will drag the parity higher towards key resistances around $1.1125, $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively. On the other hand, a consistent close below $1.1075 will drag the parity down towards key supports around $1.1050, $1.1017, $1.0919 and $1.0852 levels respectively.
USD/JPY: The Japanese yen remains almost unchanged against U.S. dollar after BOJ’s monetary policy meeting minutes and core CPI data. The pair is currently trading around 109.41 mark. It made intraday high at 109.44 and low at 109.36 levels. A sustained close above 109.54 is required to take the parity higher towards key resistances around 112.60 and 113.98 marks respectively. Alternatively, a daily close below 109.31 will drag the parity down towards key support around 108.40, 106.90 and 104.20 marks respectively.
GBP/USD: The Pound takes halt around $1.2930 mark against U.S. dollar and currently trading around $1.2942 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 $1.3050, $1.3134, $1.3335, $1.3422 and $1.3515 levels respectively.
AUD/USD: The Aussie rises gradually against U.S. dollar and touches $0.6930 mark in early Asia. The pair made intraday high at $0.6930 and low at $0.6912 levels. A consistent close below $0.6851 requires for downside rally towards $0.6704 mark. On the other side, a sustained close above $0.6921 will take the parity higher towards $0.6977 and $0.7076 levels respectively.
NZD/USD: The kiwi hits fresh 5 – month high at $0.6638 mark against U.S. dollar. The pair is currently trading around $0.6627 mark. Pair made intraday high at $0.6638 and low at $0.6622. A sustained close above $0.6635 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 0.02 pct lower at 23,807.55 points.
South Korea’s Kospi was trading 0.48 pct lower at 2,192.99 points.
Taiwan’s TWII was trading 0.23 pct lower at 11,997.66 points.
India’s NSE was trading 0.01 pct higher at 12,263.50 points and BSE sensex points 0.03 pct lower at 41,635.32 points.
Commodities Recap
Gold rises remarkably in early Asia and touches $1,489 mark. A sustained close above $1,490 requires for the upside rally. On the other side, a consistent close below $1,455 will drag the parity down towards key supports around $1,440, $1,422 and $1,407 mark respectively. On the top side, key resistances are seen at $1,502, $1,518 and $1,527 mark respectively.
Oil price appreciates on Tuesday. Brent crude was up 6 cents at $66.44 a barrel. U.S. West Texas Intermediate was 1 cent higher at $60.55 a barrel.
Treasuries Recap
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, trades higher to 1.312 percent, the yield on the long-term 15-year bond trades up 4 basis points to 1.420 percent and the yield on short-term 2-year gained nearly 4 basis points to 0.905 percent.
The yield on the benchmark 10 - year JGB note, which moves inversely to its price, trades flat to 0.001 percent, the yield on the long-term 30 - year fall 9 basis points to 0.439 percent and the yield on short-term 2 - year remained almost steady at -0.099 percent.
