Global Market Report - 30 Mar 2022

Gold Spot

Gold prices fell more than 1% to a one-month low while palladium sank nearly 9% on Tuesday, as signs of progress in Russia-Ukraine peace talks dented demand for precious metals. Moscow has decided to drastically cut its military activity around Kyiv and Chernihiv in Ukraine, one of its deputy defence ministers said after talks between Russian and Ukrainian teams in Istanbul. Hopes for an end to the conflict now in its second month lifted risk sentiment in wider financial markets.

Technical Resistance: 1942/1958

Technical support: 1905/1890

Market headlines:

Economic data:                

  • 2022 Malaysia time 08:15 pm – U.S. ADP Nonfarm Employment Change    
  • 2022 Malaysia time 08:30 pm – U.S. Gross Domestic Product (GDP) QoQ
  • 2022 Malaysia time 10:30 pm – U.S. Crude Oil Inventories

Shanghai tightens Covid-19 lockdown on second day of curbs

China's most populous city tightened the first phase of a two-stage Covid-19 lockdown on Tuesday, asking some residents to stay indoors unless they are getting tested as the number of new daily cases exceeded 4,400. The financial hub of Shanghai, home to 26 million people, is in its second day of a lockdown authorities are imposing by dividing the city roughly along the Huangpu River, splitting the historic centre from the eastern financial and industrial district of Pudong to allow for staggered testing.

Japan says communicating closely with U.S. on FX issues as yen hits 6-year low

Japan and the United States agreed to closely communicate on currency issues, Japan's top currency diplomat said on Tuesday in the wake of the yen's decline to six-year lows against the dollar. Vice finance minister Masato Kanda's remarks underscore Japan's growing concern over recent steep yen declines, which have drawn complaints by some lawmakers for inflating already rising import costs for energy and food. The yen weakening accelerated on Monday after the Bank of Japan moved to contain rising bond yields, even as most other major central banks including the U.S. Federal Reserve were tightening monetary policy.

Oil drops on Ukraine peace talk hopes, China demand fears

Oil prices dropped on Tuesday, extending losses from the previous day as Ukraine and Russia headed for peace talks and on fears of a drop in fuel demand in China after the financial hub of Shanghai shut down to curb a surge in COVID-19 cases. Ukraine and Russia were set to meet in Istanbul on Tuesday for their first peace talks in over two weeks. Sanctions imposed on Russia after it invaded Ukraine have curtailed oil supply and earlier this month sent prices to 14-year highs.

Source: Bloomberg, Investing.com, Reuters

黄金现货

由于俄罗斯-乌克兰和平谈判取得进展的迹象削弱了对贵金属的需求,黄金价格下跌超过 1% 至一个月低点,而钯金周二下跌近 9%。莫斯科已决定大幅削减其在乌克兰基辅和切尔尼戈夫周围的军事活动,其中一名国防部副部长在俄罗斯和乌克兰团队在伊斯坦布尔举行会谈后表示。冲突在第二个月结束的希望提升了更广泛金融市场的风险情绪。

技术阻力:1942/1958

技术支持 :1905/1890

主要头条:

• 上海在限制措施的第二天收紧 Covid-19 封锁

• 日本表示在日元触及六年低点时就外汇问题与美国密切沟通

• 乌克兰和平谈判希望,中国需求担忧,油价下跌

• 美元兑马币交易 4.2130

经济数据:

  • 2022年3月30日,马来西亚时间 08:15 pm – 美国ADP就业人数 (三月)
  • 2022年3月30日,马来西亚时间 08:30 pm – 美国实际GDP年化季率 (季度环比) (第四季度)
  • 2022年3月30日,马来西亚时间 10:30 pm – 美国当周EIA原油库存变动(桶)

上海在限制措施的第二天收紧 Covid-19 封锁

中国人口最多的城市周二收紧了两阶段 Covid-19 封锁的第一阶段,要求一些居民留在室内,除非他们接受检测,因为每天新增病例数超过 4,400。拥有 2600 万人口的上海金融中心处于封锁的第二天测试。

日本表示在日元触及六年低点时就外汇问题与美国密切沟通

在日元兑美元跌至六年低点后,日本首席货币外交官周二表示,日本和美国同意就货币问题进行密切沟通。神田的言论突显出日本对近期日元大幅贬值的日益担忧,这引起了一些立法者的抱怨,称其夸大了已经上涨的能源和食品进口成本。在日本央行采取行动遏制债券收益率上升后,日元周一加速走弱,尽管包括美联储在内的大多数其他主要央行都在收紧货币政策。

乌克兰和平谈判希望,中国需求担忧,油价下跌

周二油价下跌,延续了前一天的跌幅,原因是乌克兰和俄罗斯走向和平谈判,并且担心在上海金融中心关闭以遏制 COVID-19 病例激增后中国的燃料需求下降。乌克兰和俄罗斯定于周二在伊斯坦布尔举行两周多来的首次和平谈判。俄罗斯入侵乌克兰后对俄罗斯实施的制裁削减了石油供应,本月早些时候油价升至 14 年高位。资料来源: Bloomberg, Investing.com, Reuters

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