{"id":25193,"date":"2018-02-20T11:58:26","date_gmt":"2018-02-20T06:28:26","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25193"},"modified":"2018-04-16T12:49:38","modified_gmt":"2018-04-16T07:19:38","slug":"tuesday-20th-february-stronger-dollar-commodities-lower","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-20th-february-stronger-dollar-commodities-lower\/","title":{"rendered":"Tuesday 20th February: Stronger Dollar, Commodities lower"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei down 1.12%, Hang Seng down 0.38%, ASX flat<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1342.20 (-1.03%), Silver at $16.510 (-1.21%), WTI Oil at $62.20 (+1.06%), Brent Oil at $65.47 (-0.30%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.904, UK 10-year yield at 1.598, German 10-year yield at 0.732<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong>&nbsp;&nbsp;<\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) PPI Output q\/q 1.00% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) PPI Input q\/q 0.90% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Current Account 29.9B vs 30.5B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Rightmove HPI m\/m 0.80% vs 0.70% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Japan&rsquo;s steel industry warns against Trump&rsquo;s tariffs<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Dutch activate &#39;hard Brexit&#39; plan and blame &#39;a lack of clarity&#39; from the UK<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets traded lower today, on a relatively quiet day, with Mainland China still off for the Lunar New Year holiday, and US off for President&rsquo;s Day. Thin volumes were suspected to be partly responsible for the larger moves.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Nikkei traded roughly a percent lower, as financials, manufacturers and energy companies all traded in the red. In Korea, tech stocks recorded losses, in contrast to Japan where they were mixed.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The ASX was mostly flat today, as the RBA&rsquo;s minutes indicated that wage growth was yet to pick up despite a robust job market, and that household debt was still at concerning levels. The ASX was supported by energy stocks, while miners lagged, owing to metal declines as a result of a stronger dollar. Hong Kong traded mixed.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar firmed in the overnight trade, with the US dollar index trading firmly above last week&rsquo;s low of 88.253. The yen weakened slightly against the dollar, off Monday&rsquo;s low of 106.08 against the dollar. The Aussie dollar was largely flat, affected slightly by the stronger dollar.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">While most commodities fell due to a stronger dollar, oil traded mixed &ndash; with WTI up 1% and Brent Crude down 0.26%.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 AM GMT &#8211; (AUD) Monetary Policy Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) German ZEW Economic Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Wholesale Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<li>\n\t\t<a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&hellip;<\/a>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.12%, Hang Seng down 0.38%, ASX flat Commodities: Gold at $1342.20 (-1.03%), Silver at $16.510 (-1.21%), WTI Oil at $62.20 (+1.06%), Brent Oil at $65.47 (-0.30%) Rates: US 10-year yield at 2.904, UK 10-year yield at 1.598, German 10-year yield at 0.732 News &amp; Data:&nbsp;&nbsp; (NZD) PPI Output &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-20th-february-stronger-dollar-commodities-lower\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 20th February: Stronger Dollar, Commodities lower<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=25193"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25193\/revisions"}],"predecessor-version":[{"id":25196,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25193\/revisions\/25196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25180"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}