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Original Title: Financial Newspaper Market FX168 Early Self-Study Opening: Military Control in Some Regions of Yangon, Myanmar British Media: Megan Considers Running for US President in 2024
FX168 Financial News (Hong Kong) Asia News in early trading on Monday,Dollar indexSteady at around 91.70, spot gold fell slightly and is now around $ 1,276.50 an ounce.
The closing of the main currencies and commodities on March 12:
Foreign exchange:EUR/ USD closed at 1.1954;GBP/ USD closed at 1.3923;Australian dollar/ USD closed at 0.7764; USD / JPY closed at 109.04; USD / CAD closed at 1.2475; USD /Swiss francClosed at 0.9302.
Commodities: spot gold closed at US $ 1,726.96 an ounce; Comex gold futures closed at $ 1,719.80 an ounce; cash silver closed at US $ 25.91 an ounce; Comex silver futures closed at $ 25,911 an ounce; Brent crude closed at US $ 69.22 per barrel; NYMEX crude oil closed at US $ 69.22 per ounce, US $ 65.61 per barrel.
Important news review:
1.3 On the 14th, several Chinese-owned factories in Laydaya Industrial Zone, Yangon, Myanmar were beaten, vandalized, looted and burned by criminals. Many Chinese employees were injured and some employees were trapped for a time. The spokesman for the Chinese Embassy in Myanmar said: “The nature of this incident of destruction, looting, looting and burning is very bad. China requires Myanmar to take more effective measures to stop all acts of violence.”
On 2.3, the Guangdong Provincial Center for Disease Control and Prevention issued an advisory. On March 12, 2021, the Guangdong Provincial Center for Disease Control and Prevention successfully found the Nigerian mutant strain B.1.525 for the first time in nasopharyngeal swabs from two new coronary pneumonia cases.
3. Russian Satellite Communications quoted the British “Daily Mail” on March 14 as saying that Meghan, the wife of the British royal family, Prince Harry, could run in the 2024 US presidential election.
4. According to Taiwan’s “Central News Agency” on March 14, citing the Japanese report Yomiuri Shimbun, on the talks between Japanese Prime Minister Yoshihide Suga and US President Biden, the two governments are coordinating with the main axis. April 9 ET. The governments of Japan and the United States are also coordinating and will name and “criticize” China in the final document released after the “2 + 2 talks” between Japan and the United States.
5. According to information released by the Myanmar National Management Committee, some factories in the two municipalities of Laydaya and Ripida in Yangon were burned on that day and firefighters were stopped by the crowd causing trouble when they rushed to the scene. In order to effectively maintain stability and the rule of law, it was decided to implement military control in these two regions, and the Yangon region military chief is responsible for exercising administrative and judicial powers.
6. According to the “Daily Mail” report on Saturday (March 13), Meghan Markle, Duchess of Sussex, will use it to accept the American “talk show queen” AustriaPolishThe storm that Winfrey interviewed kicked off her political career and eventually entered the White House. Regarding the news of Meghan’s participation in the presidential campaign, the leader of the Brexit faction, Nigel Farage, said that Meghan will receive a “warm welcome” from Democrats Joe Biden and Hillary Clinton. Farage said Megan “was ambitious from the start and wanted to do something other than royal duties and services.”
Market access point monitoring:
The price of gold kept struggling and fluctuating at $ 1,720, hovering high, pitting bulls and bears against each other. The rally in US Treasury yields has prompted underperforming gold to keep pushing down. US Treasury Secretary Yellen once again dismissed the inflation concerns, demonstrating his efforts to pave the way for a short US debt. AstraZeneca’s vaccine has resurfaced supply shortages due to the suspension of many European countries, causing market risk sentiment to intensify, and investors have turned their attention to gold as a safe haven asset.
Gold Price Stays Strong! US Debt Rises and Yellen and Vaccine Defy Pressure to Boost Optimism
Forex market
Euro: Euro / USD fell for the first time in four days, closing at 1.1954, a decrease of 0.22%. Technically, on the technical side, the initial resistance for the bullish exchange rate is at 1.1970, the additional resistance is at 1.2070 and the key resistance is at 1.2150; Initial support for the bearish exchange rate is at 1.1885, additional support is at 1.1820, and the most critical support is at 1.1700.
GBP: GBP / USD fell for the first time in four days, closing at 1.3923, a decrease of 0.46%. Technically, the initial resistance for the bullish exchange rate is at 1.4000, the additional resistance is at 1.4140 and the key resistance is at 1.4240; Initial support for the bearish exchange rate is at 1.3865, additional support is at 1.3750 and the most critical support is at 1.3565.
Japanese Yen: The dollar / yen rose for the second day in a row, closing at 109.04, an increase of 0.52%. Technically, the initial resistance for the bullish exchange rate is at 109.20, the additional resistance is at 109.65 and the key resistance is at 110.00; Initial support for the exchange rate on the downside is at 108.42, additional support is at 108.00 and the most critical support is at 107.55.
stock Exchange
US stocks were mixed on Friday. At the close, the Dow continued to set a new high, closing up 292.46 points, or 0.90%, at 32778.05 points; the S&P 500 closed 4.59 points, or 0.12%, higher at 3,943.93 points; the Nasdaq closed 78.81 points, or 0.59%, to 3,943.93 points. 1339.87 points. The fall in the two major stock indices gave gold some boost.
As US bond yields rose again and investment sentiment became more rigorous again, European stock markets generally fell on Friday (March 12). The UK’s FTSE 100 index and Spain’s IBEX35 index bucked the trend. The best weekly performance since November last year. The pan-European Stoxx 600 Index closed 1.09 points, or 0.26%, to 423.08, with tech stocks leading the decline, down 2%, and banking stocks opposed. to the trend and rose 1.2%. The benchmark stock index rose 3.5% this week; the German DAX30 index closed down 67.00 points, or 0.46%, at 14,502.39 points; the British FTSE 100 index closed up 24.51 points, or 0.36%, to 6761.47 points; the French CAC40 index closed up 12.79 points The European Stoxx 50 index closed with 13.39 points, or 0.35%, to 3,832.25 points; the IBEX35 index for Spain closed up 51.00 points, or 0.59%, to 8644.00 points; Italy’s FTSE MIB index closed down 8.15 points, or 0.03%, at 24,113.22 points.
Commodities market
Spot gold closed at US $ 1,726.96 per ounce, with an increase of US $ 4.51 or 0.26%, the intraday minimum reached US $ 1,699.04 per ounce and a maximum of US $ 1,729.18 per ounce before. This week, spot gold was up $ 26.47, or 1.56%.
April COMEX gold futures closed 0.2% lower at $ 1,719.80 an ounce, a cumulative increase of about 1.3% this week.
The two major crude oil futures have shown a strong trend in recent weeks. However, OPEC said that due to the persistent impact of the new global corona epidemic, it is not conducive for the organization and its allies to support the market. The recovery in oil demand will be concentrated in the second half of this year. Affected by this, the two major crude oil futures closed on Friday (March 12). As of press time, April US WTI crude oil futures closed 41 cents, or 0.62%, down at $ 65.61 a barrel; May Brent crude oil futures closed 41 cents, or 0.59%, down at $ 69.22 a barrel. This week, US oil closed 2.79% higher and Bursa closed 3.71% higher.
Focus on Monday (March 15):
09:30 The National Bureau of Statistics of China publishes a monthly report on home sales prices in 70 large and medium-sized cities
10:00 The Information Office of the State Council of China holds a press conference on the functioning of the national economy from January to February 2021
10:00 China’s industrial added value above designated size in February (annual rate)
20:00 Canada February Existing Home Sales (Monthly Fee)
20:30 US March New York Fed Manufacturing Index.
22:00 Meeting of Finance Ministers of the Belgian Eurozone
For more important events, click here.
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