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POPULAR NEWS
Gold Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and turned slightly lower week to date, according to FactSet data. Gold's recent gains had been supported by...

Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Gold Trades at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold prices headed lower Tuesday as global stocks staged a rebound and the dollar strengthened, factors that helped to dull bullion™s appeal. June gold on Comex traded $4.90, or 0.4%, lower at $1,272.40 an ounce, after booking a modest rise on Monday. The day™s early trading put the yellow metal on pace to log its lowest settlement since May 2, according to FactSet data. Gold™s gains had been supported by increased U.S.-China trade tensions and worries about other political...

Oil prices up on signs OPEC may extend output cuts

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend production cuts through the end of 2019. OPEC and non-OPEC members, such as Russia, met in Jeddah, Saudi Arabia, on Sunday to explore production options that will be decided at a June summit in Vienna. Last December, the group agreed to cut output by a collective 1.2 million barrels a day, a move that...

USD/JPY tracks equities lower, hits session lows near 108.00
Monday, 14 January 2019 13:07 WIB | CURRENCIES |USDUSD/JPY,JPY,

The Japanese yen is pushing higher against its American counterpart amid losses in the equity markets.

China reported a trade surplus for December 2018 mainly due to a slide in imports (domestic demand) and meager export growth (anemic global demand).

The mounting evidence of a slowdown in the world's second-largest economy and the global economy sent the Australian dollar and the Asian stock markets lower. As of writing, the S&P 500 futures are down 0.76 percent. Asian heavyweights like Nikkei, Kospi, Hang Seng, and the Shanghai Composite Index are all trading in the red.

That risk-off action is likely pushing the Japanese yen higher across the board. Notably, the USD/JPY pair has dropped more than 30 pips in the last four hours to a session low of 108.06 and may find acceptance under 108.00, as global growth fears are likely to reverberate through the financial markets in Europe and America.

Source : Fxstreet

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POPULAR NEWS
Gold Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and turned slightly lower week to date, according to FactSet data. Gold's recent gains had been supported by...

Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Gold Trades at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold prices headed lower Tuesday as global stocks staged a rebound and the dollar strengthened, factors that helped to dull bullion™s appeal. June gold on Comex traded $4.90, or 0.4%, lower at $1,272.40 an ounce, after booking a modest rise on Monday. The day™s early trading put the yellow metal on pace to log its lowest settlement since May 2, according to FactSet data. Gold™s gains had been supported by increased U.S.-China trade tensions and worries about other political...

Oil prices up on signs OPEC may extend output cuts

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend production cuts through the end of 2019. OPEC and non-OPEC members, such as Russia, met in Jeddah, Saudi Arabia, on Sunday to explore production options that will be decided at a June summit in Vienna. Last December, the group agreed to cut output by a collective 1.2 million barrels a day, a move that...

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