-0.14% % Forex Market 2.96% -1.57% JAPANESE YEN EURO. 1M %chg

Transcription

1 Mon, 08 Apr 2019

2 Forex Market JAPANESE YEN CLOSE M %chg 3M %chg -0.14% 2.96% -USD/JPY gyrated post-nfp, but found it's topside capped by a mix of exporter/option-related selling interest layered btwn / There was scant Yen reaction to the mixed US NFP report, although the Yen crosses ultimately edged lower during the US session on drag from their USD-based counterparts. -Thus far today, the Yen is better-bid on account of exporter selling in USD/JPY and with Japanese/Chinese equities erasing their early gains. -The BOJ has left purchases unchanged at today's regular bond purchase operations in thet 10-25yr and greater than 25yr segments. -Sell on strength at and , targeting a run down to , placing stops at EURO CLOSE 1M %chg % 3M %chg -1.57% -EUR/USD swung btwn /46 post-nfp with option-related selling interest around /60 capping the topside. -The pair posted a low of as a result of broad USD strength and negative Sterling contagion but closed at It has ticked up to today on mild leveraged buying. -Our models still indicate interim sideways consolidation around a general /50 range as the likely play, but that there's scope for a rebound towards /1319 ahead, and we would still advocate buying on dips for a s/t tactical trade. -Buy on dips at , targeting a rebound up to , placing stops at

3 Forex Market POUND STERLING CLOSE 1M %chg 3M %chg % 2.44% -GBP/JPY briefly posted a high of last Fri after the BBC report that EU President Tusk was offering a flexible 12mth Brexit extension. -That said, the move was subsequently erased and the pair was sold down to a low of after PM May sought a short extension to 30 Jun and amidst reports that May's efforts to woo Labour party was coming up short. -Earlier today, it briefly slipped down to on selling interest from leveraged specs (tracking the other Yen pairs), but has since erased most of those losses on algo buying (as a result of GBP/USD strength). -Interim trade will likely stay choppy, and we would still stay on the sidelines for the time being TURKISH LIRA CLOSE 1D %chg 1M %chg % 4.48% -No updates as of today

4 Commodities GOLD CLOSE 1D %chg 1W %chg % -0.05% -Gold was little changed on Monday as strong U.S. jobs data boosted investors' appetite for riskier assets, with markets awaiting minutes of the Federal Reserve's March meeting later this week. -Spot Gold was up 0.1 at $1, per ounce by 0105 GMT. -U.S. Gold futures gained 0.1 percent at $1, an ounce. BRENT CLOSE 1D %chg 1W %chg % 2.85% -Oil prices rose to their highest level since Nov on Monday, driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and strong U.S. jobs data. -International benchmark Brent futures were at $70.72 per barrel at 0225 GMT on Monday, up 38 cents, or 0.5 percent from their last close. -U.S. West Texas Intermediate (WTI) crude were up 37 cents, or 0.6 percent, at $63.45 per barrel. -Brent and WTI both hit their highest levels since November last year at $70.76 and $63.48 per barrel, respectively, early on Monday.

5 Daily Market Report MARKET SUMMARY CENTRAL BANK OF KUWAIT INSTRUMENT OPEN HIGH LOW CLOSE %CHG 1D EUR % GBP % JPY % TRY % POLICY RATES INDICATOR As of Value Prior Change Dollar Idx % ON Repo Rate 20/Dec/' Brent % 1W Repo Rate 20/Dec/' WTC % 1M Repo Rate 20/Dec/' Gold % KWD ON Rate 20/Dec/' KWSE Index #N/A 0.00% Discount Rate 20/Dec/' UPCOMING ECONOMIC RELEASES Tenor Value Tenor INDICATOR Ctry / Regn Time For Prior Consensus ON M 2.59 Consumer Confid. Index* JP 08/Apr 07:00 Mar 41.5 SW M 2.64 Durables Ex-Transpt R MM US 08/Apr 16:00 Feb 0.1 1M Y 2.75 Sentix Index* EU 08/Apr 10:30 Apr M 2.54 Machinery Orders MM JP 09/Apr 01:50 Feb NFIB Business Optimism Idx US 09/Apr 12:00 Mar KIBOR RATES KWD (CBK FIX) CLOSE LIBOR RATES OTHER C-BANK RATES 1D %chg 0.03% INDICATOR As of Value Prior Change FED Target Rate 19/Dec/' Tenor Value Tenor Value ECB Refinancing Rate 10/Mar/' ON M 2.69 BOE Bank Rate 02/Aug/' SW M 2.88 BOJ Prime Rate 10/Jul/' M Y 3.13 TRY ON Lending Rate 21/Sep/' Value

6 Economic Calendar & News ECONOMIC CALENDAR - Upcoming shortly INDICATOR Ctry / Regn Time For Prior Consensus Consumer Confid. Index* JP 08/Apr 07:00 Mar 41.5 Economy Watchers Poll SA* JP 08/Apr 07:00 Mar 47.5 Sentix Index* EU 08/Apr 10:30 Apr Durables Ex-Def, R MM US 08/Apr 16:00 Feb Durables Ex-Transpt R MM US 08/Apr 16:00 Feb 0.1 Durable Goods, R MM US 08/Apr 16:00 Feb Employment Trends* US 08/Apr 16:00 Mar Factory Orders MM US 08/Apr 16:00 Feb Factory Ex-Transp MM US 08/Apr 16:00 Feb Nondef Cap Ex-Air R MM US 08/Apr 16:00 Feb BRC Retail Sales YY GB 09/Apr 01:01 Mar Bank Lending YY JP 09/Apr 01:50 Mar 2.3 Bank Lending YY JP 09/Apr 01:50 Mar 2.3 Corp Goods Price MM JP 09/Apr 01:50 Mar Corp Goods Price YY JP 09/Apr 01:50 Mar Machinery Orders MM JP 09/Apr 01:50 Feb Machinery Orders YY JP 09/Apr 01:50 Feb NFIB Business Optimism Idx US 09/Apr 12:00 Mar Redbook MM US 09/Apr 14:55 w/e 0.0 Redbook YY US 09/Apr 14:55 w/e 4.4 NEWS AND STREET BUZZ Global Top News -Asian shares inched up to seven-month highs on Monday as investors cheered a rebound in U.S. payrolls and hints of more stimulus in China, though there was some caution ahead of what is likely to be a tough U.S. earnings season. -Britain's government held out the possibility of compromise with the opposition Labour Party on Sunday to try to win support in parliament for leaving the European Union with a deal, just days before the latest Brexit date. -President Donald Trump's tax returns will never be handed over to Democratic lawmakers, White House Chief of Staff Mick Mulvaney said on Sunday, defying an effort in Congress to learn more about the real estate mogul's personal finances. -The dollar retained modest gains on Monday after a U.S. jobs report put to bed fears of a sharper slowdown in the world's largest economy. -When the major port and industrial hub of Ningbo sold China's first municipal bonds to retail investors, an amount of $43 million was snapped up in just five hours. -ADNOC Distribution lifted the Abu Dhabi stock market on Sunday and Dubai continued its winning streak, while Saudi Arabia lagged behind. -Growth in the United Arab Emirates' non-oil sector picked up in March after slowing to a 28- month low last month, a survey showed on Sunday. -Samba Financial Group, Saudi Arabia's third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, supported by government plans to diversify its oil-based economy, its chief executive told Reuters. JOLTS Job Openings US 09/Apr 16:00 Feb RICS Housing Survey GB 10/Apr 01:01 Mar

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