Harga emas berjangka di COMEX New York Mercantile Exchange naik tajam pada akhir perdagangan Senin (6/4/2020) waktu setempat, (Selasa pagi WIB).Kenaikan ini dipicu oleh investor yang memindahkan aset-aset mereka ke logam mulia untuk melakukan lindung nilai terhadap dampak ekonomi akibat pandemi virus corona (Covid-19).
AUD/USD closed up 1.5% on Monday, being the daily best performer of major currencies. The pair’s rise yesterday was mainly driven by Aussie dollar’s strong momentum and the weakening US dollar, likely reflecting declining fears against the coronavirus outbreak that has recently shown signs of changing for the better. After news came that hospitalization rate and death rate are falling in the most heavily hit Italy and New York, a constant recovery of market optimism may increase market volatility retracement and further push up AUD/USD. Aussie dollar often soars with risk appetite, while US dollar, as a safe haven, perform better when risk aversion prevails the market. Investors should also focus on RBA’s policy meeting decision in April. AUD/USD daily pivot points: 0.6050--0.6070 S1: 0.6013 R1: 0.6129 S2: 0.5945 R2: 0.6175
AUD/USD closed up 1.5% on Monday, being the daily best performer of major currencies.AUD/USD daily pivot points: 0.6050--0.6070 S1: 0.6013 R1: 0.6129S2: 0.5945 R2: 0.6175
Market analysis：Yesterday, USD weakened against all most major currencies except EUR, JPY and CHF.
Market analysis：Overall, AUD/USD is trending downwards. Recently, AUD/USD moved higher after the Reserve Bank of Australia held interest rate unchanged at 0.25%. No new easing measure was announced.Currently, AUD/USD is moving towards the resistance level of 0.61800 and the next support level is at 0.59000.
Market analysis：Overall, NZD/USD is trending downwards. Recently, NZD/USD moved higher, breaking above the key level of 0.59.NZD/USD’s next support level is at 0.56000 and the next resistance level is at 0.60300.
Market analysis：Overall, USD/JPY is trending upwards. Recently, USD/JPY moved lower into the support level of 108.500.Yesterday, Japan’s Prime Minister Shinzo Abe said that he plans to declare a state of emergency in Tokyo and six other prefectures due to the signs of widespread of the coronavirus across Japan. He also pledged to roll out an economic stimulus package totalling 108 trillion yen.Currently, USD/JPY is testing the support level of 108.500 and the next resistance level is at 110.000.
Market analysis：Overall, EUR/USD is trending downwards. Recently, EUR/USD has been ranging around the support level of 1.08000.Currently, EUR/USD is testing the support level of 1.08000 and its next resistance level is at 1.10000.
Market analysis：Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging around the support level of 1.22745.The U.K. Construction PMI data (Actual: 39.3, Forecast: 44.0, Previous: 52.6) released yesterday was worse than forecasted. The U.K. construction sector faces the worse contraction since April 2009.Earlier today, it was report that British Prime Minister Boris Johnson was moved to the ICU after the worsening of his coronavirus symptoms.Currently, GBP/USD is testing the support level of 1.22745 and next resistance level is at 1.25500.
Market analysis：Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced off the resistance level of 1.42250 and breaking below the key level of 1.41.USD/CAD’s next support level is at 1.39800 and the next resistance level is at 1.42250.
Market analysis：GOLD FORECAST:After suffering a steep decline in early March, gold has rebounded in earnestMoving above a recent high, gold can look to surmount the March 9 high at $1,704A break above the recent high around $1,704 would be an encouraging sign for bulls looking to pursue an extension higher
According to the latest statistics, euro speculative net longs increased by 12,957 to 74,247 contracts, among which speculative longs increased by 2,687 to 155,047 and speculative shorts decreased by 10,270 to 80,800 contracts.
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand.Brent crude fell more than $3 when Asian markets opened but recovered some ground with traders hopeful that a deal between the top producers was still within reach.
Market analysis：The Japanese yen has seen selling Monday, with the country’s government expected to call a state of emergency in response to the coronavirus pandemic.At 3:05 AM ET (0705 GMT), USD/JPY climbed 0.7% to 109.17. The U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.685, largely flat, while EUR/USD rose 0.1% to 1.0823 and GBP/USD rose 0.1% to 1.2269.(investing.com)
Related product：Crude Oil
Market analysis：Crude oi prices made gains in Asia as hopes for production cuts propped up the marketIt still looks as though Saudi Araba and Russia will meet this weekGold prices retain a strong haven bid but are struggling to top recent highs
Market analysis：Last Friday, USD strengthened against all major currencies.The U.S. jobs report will be released last Friday was overall worse than forecasted.- Average Hourly Earnings m/m (Actual: 0.4%, Forecast: 0.2%, Previous: 0.3%)- Non-Farm Employment Change (Actual: -701K, Forecast: -100K, Previous: 273K)- Unemployment Rate (Actual: 4.4%, Forecast: 3.8%, Previous: 3.5%)USD strengthened despite the overall poor jobs report with the possibility that the released jobs report only covered payrolls up to the week containing March 12, when people are still going to work. In short, more unemployed cases after the week of March 12 were not covered in the jobs report released last week.Also, the ISM Non-Manufacturing PMI data (Actual: 52.5, Forecast: 43.5, Previous: 57.3) released was better than forecasted, indicating that the services sector in the U.S. was still expanding last month.
Market analysis：Overall, NZD/USD is trending downwards. Recently, NZD/USD has been ranging across.Currently, NZD/USD is bouncing off downwards from the key level of 0.59. Its next support level is at 0.56000 and the next resistance level is at 0.60300.
Market analysis：Overall, AUD/USD is trending downwards. Recently, AUD/USD moved lower, tested and rejected the key level of 0.60.The Reserve Bank of Australia (RBA) will be announcing their interest rate decision tomorrow at 1230 (SGT).It is expected that they will keep interest rate unchanged at 0.25%. If necessary, the RBA may look into other ways of easing such as assets purchase.Currently, AUD/USD is moving towards the key level of 0.60. Its next support level is at 0.59000 and the next resistance level is at 0.61800.
Market analysis：Overall, USD/JPY is trending upwards. Recently, USD/JPY trended higher, breaking the resistance level of 108.500.USD/JPY’s next support level is at 108.500 and the next resistance level is at 110.000.
Market analysis：Overall, EUR/USD is trending downwards. Recently, EUR/USD trended lower, tested and rejected the support level of 1.08000.The eurozone Final Services PMI data (Actual: 26.4, Forecast: 28.2, Previous: 28.4) released last Friday was worse than forecasted.EUR/USD’s next support level is at 1.08000 and its next resistance level is at 1.10000.
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