Trial now

Crude Futures Extend Losses


PREVIEW: 5-Year Supply Due


Futures Hit Contract High


Equities Dip Lends Support


MPC Meeting Minutes Released

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

USD/IDR continues to trade sideways after forming a golden cross in recent days, which contrasts with the signal sent by an earlier head and shoulders pattern. The rate last sits +10 figs at IDR14,440, as we await the local GDP data.

  • Investment Min Pandjaitan will speak at 10am local time in a webinar organised by Indonesian Coal Mining Association.
  • Indonesia's Q1 GDP headlines the local docket today. Consensus sees the economy shrinking 0.65% Y/Y in Q1 (per BBG), with estimates ranging from -2.00% to +1.90%.
  • Foreign reserves data come out Friday, while there is no fixed time for the release of Danareksa Consumer Confidence this week.
  • Should bears manage to force a break below Mar 29 low/200-DMA at IDR14,410/14,406, they would be able to target Mar 18 low of IDR14,369. Bulls look for a clean breach of h&s neckline at IDR14,470 before targeting Apr 23 high of IDR14,550.