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Gold Spot

Gold prices was on course for its biggest monthly jump since July 2020, as the U.S. dollar headed for a second month of decline while growing inflationary pressures also lifted bullion’s appeal. Investors awaited key U.S. data that will provide a clearer picture on the global economy’s recovery path.

Technical Resistance: 1925/1935

Technical support: 1902/1888

Market headlines:

  • Dollar Down, Signs of Slowdown in Chinese Economic Recovery
  • Brent rises to near $70 on demand prospects and ahead of OPEC+ meet
  • Japan’s May factory activity growth slows as emergency weighs -PMI
  • USDMYR traded at 4.1190

Economic data:

  • 1 June 2021 Malaysia time 12:30pm – RBA Interest Rate Decision (Jun)
  • 1 June 2021 Malaysia time 4:00pm – German Manufacturing PMI (May)
  • 1 June 2021 Malaysia time 10:00pm – United States ISM Manufacturing PMI (May)

 

Dollar Down, Signs of Slowdown in Chinese Economic Recovery

The dollar inched down on Monday morning in Asia. Investors digested mixed economic data from China and strong inflation data from the U.S., while also expecting the U.S. Federal Reserve to start tapering its asset purchases eventually. The offshore yuan decreased after Sheng Songcheng, former director of People’s Bank of China statistics department, said on Sunday the Chinese currency’s rise will not persist.

Brent rises to near $70 on demand prospects and ahead of OPEC+ meet

Oil prices rose near to $70 ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world’s top oil consumer. While there are concerns over tighter COVID-19 related restrictions across parts of Asia, the market appears to be more focused on the positive demand story from the U.S. and parts of Europe.

Japan’s May factory activity growth slows as emergency weighs -PMI

Factory activity in Japan expanded at a slower pace in May as growth in output and new orders eased, and though external demand remains strong worries are growing that domestic coronavirus emergency curbs could derail the economic recovery. The world’s third-largest economy shrank at a faster-than-expected pace in the first quarter, mainly due to drops in private consumption and capital expenditure.

Source: Bloomberg, Investing.com, Reuters, CNBC

 

 

黄金现货

金价创下 2020 年 7 月以来的最大月度涨幅,因为美元将连续第二个月下跌,而不断增长的通胀压力也提升了黄金的吸引力。投资者正在等待美国关键数据,以便更清楚地了解全球经济的复苏道路。

技术阻力:1925/1935

技术支持 :1902/1888

主要头条:

  • 美元下跌,中国经济复苏放缓迹象
  • 布伦特原油涨至近70美元,因需求前景
  • 日本5月份工厂活动增速放缓-PMI
  • 美元兑马币交易 RM 4.1190

 

经济数据:

  • 2021年6月 1日,马来西亚时间 12:30 pm – 澳洲联储利率决定(6月)
  • 2021年6月1日,马来西亚时间 4:00 pm – 德国制造业采购经理指数(5月)
  • 2021年6月1日,马来西亚时间 10:00 pm – 美国ISM制造业PMI(5月)

美元下跌,中国经济复苏放缓迹象

周一上午,美元在亚洲小幅下跌。投资者消化了来自中国的混合经济数据和来自美国的强劲通胀数据,同时还期望美联储最终开始缩减其资产购买。中国人民银行前统计局局长盛松成周日表示,人民币升值不会持续下去,使人民币下跌。

布伦特原油涨至近70美元,因需求前景

在欧佩克+会议召开之前,油价上涨至接近70美元,并乐观地认为,随着全球最大的石油消费国美国开始夏季驾驶季节,燃料需求将在未来几个月内增长。尽管人们担心在整个亚洲部分地区收紧与COVID-19相关的限制,但市场似乎更关注美国和欧洲部分地区的积极需求。

日本5月份工厂活动增速放缓-PMI

由于产出增长和新订单放缓,日本 5 月份的工厂活动以较慢的速度扩张,尽管外部需求仍然强劲,但人们​​越来越担心国内的冠状病毒紧急遏制措施可能会破坏经济复苏。第一季度,全球第三大经济体收缩速度快于预期,这主要归因于私人消费和资本支出的下降。

 

资料来源: Bloomberg, Investing.com, Reuters, CNBC