Morning brief for March 22

​

Market participants diminished their appetites for the USD and switched to high yielding currencies.

The yen was an absolute gainer in the Asian session. USD/JPY slumped to 111.65.  Earlier this morning we’ve got BoJ’s January meeting minutes. Most of the members that price momentum is not firm yet; the BoJ might start raising its rates in response to surging treasury yields. It will be the first stage of QQE tapering. Also, there was news on the wires of another North Korea missile launch (apparently, it was failed). But the market’s response was limited.

Aussie lost its ground vis-à-vis its American counterpart. AUD/USD slid to 0.7660. it seems that the upward pressure post-FOMC has eased off. Most likely, the Australian dollar will be trading sideways in the range of 0.7600 – 0.7730.

Kiwi edged down to 0.7035 on the session. Today’s focus will be on the Reserve Bank of New Zealand cash rate announcement. Analysts expect the RBNZ to leave its rates unchanged and refuse to recourse to further easing.  The immediate resistance on the upside lies at around 0.7115. Falling commodity prices and dovish tone of the meeting would send NZD to negative area towards the nearest supports at 0.7010 and 0.6980.

GBP/USD spiked to 1.2475 overnight after the strong release of the UK CPI data and indication of the exact data of Article 50 trigger. CPI figures pushed up through the BoE’s target of 2.0$. It was 2.3% (the market expected 2.1% print). Sterling was already surging into the report, afterward, it got an additional boost. There is no economic data for the pound on the agenda. USD dynamic will continue to determine GBP/USD path without any catalyst from the UK.

EUR/USD surged to 1.0815 but failed to stand there for long after the buying dried up. In the early hours of Tokyo morning, the euro slipped to 1.0800. Fed’s Loretta Mester was speaking. Her speech wasn’t really upbringing for USD watchers as she underlined that there is no urgency to lift rates quicker than is currently priced in. The greenback will likely be willing to consolidate within the narrow range of 1.0820-1.0750 this week. On the downside, there are several supports at 1.0775, 1.0745.

USD/CAD moved to 1.3375. Loonie felt weak despite yesterday’s upbeat economic data (Canadian retail sales). Today’s focus will be on the gov council member Schembri’s speech. On the upside, there is still a sturdy resistance at 1.3420. The immediate support lies near the 100-day MA at 1.3300.

Oil prices posted new lows having slid to $50.60 after industry estimates (API) showed a sharp increase in US inventories. A launch of the North Korean missile was an additional headwind for oil futures. 

Menyerupai

29.02.2024 03:35 XTIUSD Bertahan Di Sekitar Level 78,00 Menjelang Data Core PCE Price Index

Western Texas Intermediate (WTI) menguat dari penurunan kemarin dan saat ini diperdagangkan di sekitar level 78,15 pada hari Kamis (29/02/2024). XTIUSD mencoba pulih dan..Sementara OPEC+ yang mempertimbangkan

14.02.2024 11:53 XTIUSD Pertahankan Momentum Kenaikan Untuk Hari Ke Tujuh

Harga minyak mentah acuan AS West Texas Intermediate (WTI) masih dalam jalur melanjutkan kenaikan untuk hari ke tujuh secara beruntun, pada Rabu (14/02/2024). Menurut laporan pasar minyak bulanan OPEC, ada kekhawatiran mengenai kepatuhan kelompok ini terhadap pemangkasan produksi

30.01.2024 11:00 Ketegangan Geopolitik Meningkat, Minyak di Kisaran Tinggi

Pasar saham Asia melemah pada perdagangan Selasa (30/01/2024), terseret oleh kasus likuidasi perusahaan raksasa properti China..Kegelisahan investor terhadap meningkatnya ketegangan di Timur Tengah telah mengendalikan sentimen risiko.

Berita terbaru

02.04.2024 07:03 Yen Terus Terpuruk Mendekati Level Terendah Multi-Dekade

Yen Jepang gagal memikat para investor pada perdagangan Selasa (02/04/2024) meski ada peluang atas kemungkinan intervensi dan..Sentimen penghindaran risiko masih berpotensi memberikan kekuatan pada safe-haven

01.04.2024 08:22 Sanggupkan Emas Berlama-lama di Puncak?

XAUUSD naik ke rekor tertinggi baru pada perdagangan Senin (01/04/2024), di tengah meningkatnya spekulasi penurunan suku bunga..melanjutkan kenaikan kuat minggu lalu hingga membentuk level puncak baru sepanjang masa

01.04.2024 07:11 Sebagian Pasar Masih Libur, Yen Stabil di Bawah 152

Pasar saham Asia sebagian masih libur dan sebagian lagi menguat pada perdagangan Senin (01/04/2024), karena optimisme data pabrikan Tiongkok mendukung..potensi intervensi otoritas Jepang terhadap yen Jepang diperkirakan berada di zona 152 – 155 yen.