ASIA ADVANCE ON TRADE TALK , DOLLAR UP

ECONOMY

On Friday, Asian shares posted narrow gains on Friday on revived hopes of progress in U.S.-China trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%.
South Korea’s February industrial production contracted sharply to a two-year low and missed forecasts by a large margin on shrinking output of cars and other key sectors, piling pressure on Asia’s fourth-largest economy as external demand wanes.
On Thursday , Data published showed U.S. economic growth was slower than initially thought in the fourth quarter, with GDP growth revised down to 2.2% from an earlier reading of 2.6%.
Despite recent market turbulence, the S&P 500 has gained 12.3 percent so far this quarter, which would mark its best quarterly performance since 2009 if sustained.
The mood was brightened after U.S. officials said China has made proposals in trade talks with the United States on a range of issues that go further than it has before, including on forced technology transfer.

On Friday, The dollar was poised for its strongest gain in three weeks as investors responded positively to a bounce in U.S. Treasury yields and as some of its rivals were hit by dovish signals from their own central banks.
The 10-year U.S. bond yield edged up to 2.39% from a 15-month low of 2.35% touched on Thursday after an almost relentless fall since the Fed’s dovish tone last week had investors more worried about the economic outlook.
The euro stood at $1.1229 after having slid to a three-week low of $1.1214 as speculation grew that the European Central Bank will introduce a tiered deposit rate.
The yen was steadier at 110.76 to the dollar, off Monday’s 1-1/2 month high of 109.70.
Political and Economic uncertainties, the Swiss franc has been well-bid, hitting a 20-month high of 1.11665 to the euro.
The Turkish lira licked its wounds after a 4 percent plunge on Thursday. President Tayyip Erdogan blamed the currency’s weakness on attacks by the West ahead of nationwide local elections on Sunday.
The British pound dropped to $1.3050 as the prospect of a swift agreement on Brexit faded with the British parliament yet again failing to agree on a way forward.

On Friday, Oil prices rose pushed up by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, which have given crude markets the biggest first quarter price push since 2009.
Palladium, which dropped 6.6% on Thursday and has lost one-sixth of its value from last week’s peak on concerns that an economic slowdown could dent demand.
On Friday, U.S. soybean futures held steady, lingering near a three-month low hit earlier this week, as the market worried about the progress in trade talks between Washington and Beijing, pushing the oilseed towards its biggest monthly fall in seven months.
Malaysian palm oil futures slipped to a more than one-week low at one point on Thursday as high inventory levels continued to weigh on the market.

LTC/USD opened at $60.84 this Friday. LTC/USD daily confluence detector shows only one strong resistance level en-route to $65.
EOS/USD is currently priced at $4.26.The MACD indicator shows that momentum is currently with the bulls, so more upward growth is expected.
Bitcoin Cash price on late on Thursday trading down with losses of some 1.25%. BCH/USD price action via the 60-minute view is moving within a bullish pennant pattern.