18 Mar
04:00 PM

Market Talk

US$ was weaker on the back of a poor economic data. Empire state manufacturing fell to 3.3 compared to the previous month of 8.8 while industrial production in February expanded only by 0.1% against 0.4% expectation. Consumer spending was the only bright spot. Dovish FOMC's expectation is likely to weigh on US$ during the first half of this week.

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15 Mar
04:00 PM

Market Talk

US New Home Sales fell 6.9% in Jan 2019, which was more than expected, but could in part be due to a partial US government shutdown. With fresh uncertainty over US-China trade negotiations and consideration by North Korea to suspend nuclear talk with US, uncertainties are likely to keep safe haven JPY, Gold and US$ strong.

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