Global FX DATA:

• • • ASIAN MARKET
      
       Asian stocks rose modestly on Wednesday, paring earlier gains as optimism that trade ties between Washington and Beijing were on the mend gave way to questions about the next phase of the diplomatic tit-for-tat between the two countries.
       
    • GOLD
      
      Gold prices touched their highest in a week early on Wednesday, as the dollar index hovered near two-week lows and investor jitters about a host of geopolitical tensions stoked demand for the safe-haven metal.
       
  • • OIL
      
      Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by increasing inventories and production in the United States.
       
    • INDIA
      
      India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million barrels per day west coast refinery, said an industry source privy to the deal, in a move that would give the kingdom a new stable outlet for its oil.
       
    • DOLLAR
      
      The dollar bounced against the yen, with broader risk appetite improving after a speech by Chinese President Xi Jinping promising to cut import tariffs eased concerns about a trade conflict between the world’s two largest economies.
       
    • CRYPTO CURRENCY
      
      Bitcoin prices continued to rise on Wednesday, despite a U.S. regulator warned that fraud among crypto investment promoters is “widespread”.The Texas State Securities Board said in a report on Wednesday that it investigated 32 crypto investment promoters in the last four weeks, and that at least five failed to properly disclose the risk related to the digital coins to potential investors.
       
    • US
      
      Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business.

    • JAPAN
      
      Japan’s core machinery orders rose unexpectedly in February for a second consecutive month thanks to increased orders from manufacturers, a positive sign of corporate investment supporting economic growth.

    • AUSTRALIA
      
       Australia has brought the country's cryptocurrency providers under the purview of its financial intelligence unit, a move it hopes will help minimize the risk of money laundering, terrorism financing and cybercrime.

    • CHINA
      
      China will continue to roll out more tax cuts and carry out personal income tax reform, vice finance minister Cheng Lihua said on Wednesday.Cheng made the remarks at the annual Boao Forum for Asia in China’s southern Hainan province.

    • SINGAPORE
      
      The Singapore Exchange on Wednesday said it would list Indian equity derivative products in June, nearly two months after India’s three main bourses announced they would stop licensing their indexes to overseas exchanges.

    • SAUDI ARABIA
      
      Saudi Arabia’s Oil Minister Khalid Al Falih said on Wednesday that he was happy with the oil market at present.When asked if he was pleased with the current oil market, Al Falih replied, “Yes, I am.”.Al Falih was in New Delhi attending the International Energy Forum.