BOND YIELDS MAKES ASIA IN RED

ECONOMY

On Thursday , Asian Indices were in red as recession concerns sent bond yields spiraling lower across the globe, overshadowing central bank attempts to calm frayed nerves.
U.S. Treasury curve signaled a future recession only deepened as 10-year yields fell to 15-month lows at 2.35 percent.
The latest lunge lower was led by German bunds where 10-year yields dived deeper into negative territory after European Central Bank President Mario Draghi said a hike in interest rates could be further delayed.
The latest switch came from the Reserve Bank of New Zealand (RBNZ), which stunned markets on Wednesday by saying the next move in rates is likely to be down, joining a growing list of central banks that had turned dovish.
India shot down one of its satellites in space with an anti-satellite missile on Wednesday, Prime Minister Narendra Modi said, hailing the country's first test of such technology as a major breakthrough that establishes it as a space power.

On Thursday , Dollar rose as many of its peers weakened after more central banks opted to shift to a dovish policy stance in the wake of deteriorating economic prospects.
Emerging market currency Mostly weaker, Indonesia's rupiah leads losses on dollar advance.
Draghi's comments likewise tugged the euro back to $1.1250.
The People's Bank of China set the yuan reference rate at 6.7263 vs the previous day's fix of 6.7141.
Uncertainty over Brexit and fears of global economic slowdown continues to weigh on GBP/JPY. 50-day and 200-day SMA confluence seem crucial for sellers.
The AUD is under pressure in Asia, courtesy of falling bond yields and weakness in the Chinese yuan. The offshore yuan (CNH) has hit the lowest level since Feb. 19.

Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in U.S. stocks. Prices came under pressure from a rise in U.S. inventories, although analysts pointed to support from efforts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia, known as OPEC+, to trim output.
Palladium Dives 6% as Recession Fear, the decline on the futures price was the largest one-day dollar decline since Feb. 23, 2000 and biggest single-session percentage drop since Jan. 25, 2017.
Malaysian palm oil futures fell to a one-week low on Wednesday as market sentiment remained bearish over high inventory levels, before reversing its losses at the close of trade on short covering.
U.S. soybean futures dropped to a four-month low on Wednesday on concern about the slow pace of U.S.-China trade talks, due to resume this week in Beijing, as harvesting of a bumper South American soy crop accelerates.

BTC/USD market overview: Price consolidates as Wuabit combines Bitcoin with Whatsapp.
LTC/USD is sitting below two prominent resistance levels. LTC/USD daily chart has had three bearish sessions in a row.
EOS/USD daily chart EOS/USD is currently priced at $4.26. After the price trended in a narrow channel, the market broke out this Wednesday, as EOS/USD shot up from $3.78.