Recent News

BUZZ-GBP/USD higher in early trade but losing steam

April 01, 2018 / www.kitco.com

* Cable up 0.21% in early Asia, range so far 1.4010/37* Friday's low at 1.4005, 21 DMA at 1.3997 initial supports* Below that 50% retracement of Mar range at 1.3978 back-up support* 5 DMA crosses through 10 day, upside momentum is waning* Friday's high at 1.4060 initial resistance* 10 DMA at 1.4090 now looks to be a good level to sell <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

China Stocks-Factors to watch on Monday

April 01, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC +0.3 pct, CSI300 +0.1 pct* Stock connects closed for holiday in Hong Kong* CNY official close 6.2745 per dollar* FTSE China A50 -0.7 pct, BNY Mellon ADR China Select Index +1.8 pctSHANGHAI, April 2 (Reuters) - Following is a list of recent corporate and policyannouncements, as well as other news that might affect Chinese financial markets.Policy, government,...Read More

BUZZ-USD/JPY in familiar place, little to spark moves for now

April 01, 2018 / www.kitco.com

* USD/JPY holding in place, early Asia 106.25-41, Friday 106.12-53.* Bids still eyed towards 106.00 and offers from @106.50, trading stilllight.* BoJ Tankan does little to spur activity, USD/JPY assumption toooptimistic?* Little chance of bump back up to 109.66 anytime soon.* Stock market still depressed @21.5k, US yields soggy, Treasury 10s@2.760%.* Daily Ichi kijun 106.12 just below, no large ne...Read More

BUZZ-USD/CNY fix might be new lowest since devaluation

April 01, 2018 / www.kitco.com

* USD/CNY fix estimate range 6.2730-6.2780 vs prev 6.2881* Likely close to last official USD/CNY spot closing 6.2733* Broadly lower USD/AXJ seen as US yield curve compresses* China's official PMI squarely beats forecasts * But China's new tariffs on US goods is worrying <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^CNYfix: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

REFILE-UPDATE 1-Japan's business mood sours in Q1 - BOJ tankan

April 01, 2018 / www.kitco.com

(Adds dropped word to opening paragraph, no other changes)* Big manufacturers' sentiment index at plus 24 vs f'cast+25* Service-sector sentiment at plus 23 vs f'cast +24* Big firms expect capex to rise 2.3 pct vs f'cast +0.6 pctBy Leika Kihara and Tetsushi KajimotoTOKYO, April 2 (Reuters) - Japanese business sentimentworsened for the first time in two years in the three months toMarch, a closely w...Read More

BUZZ-JPN ECON-BoJ Tankan big mfg CAPEX +2.3% this fiscal year

April 01, 2018 / www.kitco.com

* CAPEX eyed at +2.3% this fiscal year and much better than +0.6% eyed.* Manufacturers optimistic here as well, most seem to see higher USD/JPY.* Small firms more realistic? CAPEX eyed at -16.8%, but better than -21%eyed.* Big mfg FY '18/19 profits eyed at -3.2% after a very good FY '17/18.* Big mfg production capacity index -1m Dec -3, all firm financial index+17.* Financial index same as in Dec,...Read More

S.Korean won's opening level adjusted to 1,061.0 from 1,160.0

April 01, 2018 / www.kitco.com

SEOUL, April 2 (Reuters) - South Korean won's opening level was officially corrected to 1,061.0 on Monday,from erroneous deal that traded at 1,160.0."There was a deal miss at the beginning," an official toldReuters. (Reporting by Dahee KimEditing by Shri Navaratnam) Messaging: dahee.kim@thomsonreuters.com)) Disclaimer: The views expressed in this article are those of the author and may n...Read More

BUZZ-USD/MYR 2.5-yr low looks inevitable as US yields slide

April 01, 2018 / www.kitco.com

* USD/MYR likely breaks 2.5-yr low of 3.8550 touched last week* Negative sentiment for USD perpetuated by UST yields sliding* US 2y10y basis compresses to narrowest since 2007 credit crisis* USD/MYR chart cues negative since last week after Fibo break* Daily Bollinger downtrend channel now caps intraday at 3.8778* Malaysia PMI due later, China PMI beats f'cast <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BUZZ-JPN ECON-BoJ Tankan big mfg DI +24, non-mfg +23

April 01, 2018 / www.kitco.com

* Expectations for +25 in big mfg diffusion index, big non-mfg +24.* Each a tick below expectations but still not bad, June eyed at +20 each.* Expectations for June at +22 and +21, tad lower again, Dec +26, +25.* As opposed 110.18 in December, big mfg see USD/JPY averaging 109.66.* Expectations for FY '18/19 still too optimistic?* Anecdotal evidence suggest many makers eyeing 103-105 this fiscal y...Read More

Tokyo's Nikkei share average opens down 0.06 pct

April 01, 2018 / www.kitco.com

TOKYO,April 2 (Reuters) - Japan's benchmark Nikkei average opened down 0.06 percent at 21,441.57 on Monday, while the broader Topix was unchanged at 1,716.32. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/OPEN Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy...Read More

DIARY-Government Debt Auctions to May 31

April 01, 2018 / www.kitco.com

April 2(Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATECOUNTRYAUCTION DETAILS 3-AprBelgiumAuction of Treasury bills 3-AprJapan3-month discount bill auction 3-AprJapanAuction of 10-year government bonds 3-AprSpainAuction of 6- and 12-month Treasury bills 4...Read More

DIARY-Emerging Markets Economic Events to April 30

April 01, 2018 / www.kitco.com

April 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, APRIL 3SINGAPORE - Singa...Read More

DIARY-Top Economic Events to April 27

April 01, 2018 / www.kitco.com

April 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, APRIL 2DULUTH, United Stat...Read More

Japan Q1 manufacturers' mood worsens slightly - BOJ tankan

April 01, 2018 / www.kitco.com

TOKYO, April 2 (Reuters) - Japanese big manufacturers'business confidence worsened slightly in March from three monthsago, the Bank of Japan's closely watched quarterly "tankan"survey showed on Monday.The headline index for big manufacturers' sentiment stood atplus 24 in March, and is expected to fall to plus 20 over thenext three months, the tankan showed.The reading for the headline in...Read More

BUZZ-USD/KRW heads for 3-yr low as US yield curve slumps

April 01, 2018 / www.kitco.com

* USD/KRW slipped further to end ard 1060.0 in NY vs 1063.5 in Asia* USD selling encouraged by US yield curve flattening again* Bearish bias confirmed Fri, downtrend channel caps at 1065.2* USD/KRW may test 3-yr low of 1057.9 notched in Jan* China's official PMI squarely beats forecasts * But China's new tariffs on US goods is worrying <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

TABLE-Japan tankan big manuf March sentiment index +24

April 01, 2018 / www.kitco.com

April 02 (Reuters) - The Bank of Japan released its closely watched quarterly tankan survey of corporate activity in Japan. (Median forecasts from Reuters poll of economists in parenthesis.)Details were as follows: March 2018 June 2018Dec 2017-------------------------------------------------------Manufacturers Large+24 (+25) +20 (+22) +26 Medium +19 +14 +20 Small+15 (+14) +12 (+10) +15Non-manufact...Read More

BUZZ-USD/SGD hangs on at edge of downtrend; China PMI beats

April 01, 2018 / www.kitco.com

* USD/SGD teeters at edge of Bollinger downtrend channel 1.3108* Mon close below will confirm bearish chart bias* Another drop in US 2Y-10y spread is negative for USD* China's official PMI squarely beats forecasts * But China's new tariffs on US goods is worrying * May stoke fear of trade war escalation, negative for SGD<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^SGD: ^^^^^^^^^^...Read More

BUZZ-EUR/USD drifting lower, no weekend news to drive markets

April 01, 2018 / www.kitco.com

* EUR/USD drifts a little lower in quiet start, range 1.2314/30 so far* Nearby support found at the 38.2 Fibo of Mar range which is at 1.2277* S/t MAs rolling over suggesting there is more downside room* Friday's 1.2290/1.2330 range initial support and resistance<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^EUR daily: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>...Read More

RPT-UPDATE 2-China March factory growth stronger than expected-official PMI

April 01, 2018 / www.kitco.com

(Repeats story from Saturday)* Growth picks up in China's manufacturing and servicessectors* Readings suggest stronger Q1 GDP growth than earlierexpected* Official factory PMI 51.1 vs poll 50.5, Feb 50.3* Services PMI rises to 54.6 vs Feb 54.4* Steelmakers crank up output but inventories building upBy Stella Qiu and Ben BlanchardBEIJING, March 31 (Reuters) - Growth in China'smanufacturing sector p...Read More

BUZZ-AUD/USD opens higher but trend remains lower

April 01, 2018 / www.kitco.com

* AUD/USD opens 0.19% higher, touches a high of 0.7700 in early trading* Trend remains lower with 5,10 and 21 DMAs trending south* Inability to close below 76.4 Fibo at 0.7651 so far is slowing thedowntrend* Long term trendline at 0.7599 also providing back-up support* Friday's tight 0.7672/0.7707 range to provide initial support andresistance <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok