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POPULAR NEWS
Gold gives up nearly all of its gains, but settles at highest since late August 2013

Gold futures gave up almost all of their earlier gains by Tuesday afternoon, though still marked the highest most-active contract settlement since August 2013. Federal Reserve Chairman Jerome Powell suggested Tuesday that an interest-rate cut in July is not a done deal. Following those comments, George Gero, managing director at RBC Wealth Management, said he expected to see profit taking in gold. A July interest-rate cut has been widely expected by investors and economists. August gold rose...

Gold settles lower after 4-session climb lifted prices near a 6-year high

Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks. Also, optimistic comments by U.S. Treasury Secretary Steven Mnuchin early Wednesday regarding the U.S.-China trade dispute shifted investor attention back towards equity markets œbut in my opinion, that is a...

Oil prices rally as weekly U.S. crude inventory drops by almost 13 million barrels

Oil prices climbed sharply on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks, reportedly the largest since 2016. Given the big draw in gasoline and supply decline at the U.S. oil trading hub at Cushing, Okla., "we wouldn't be surprised to see the $60 level get breached in WTI," he said. "However, with the upcoming OPEC meeting and also the [Group of 20 leaders summit], we will see the next directional move on the results of these...

U.S. oil prices pull back after 3-session climb on the back of Iran tensions

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel on the New York Mercantile Exchange. The contract wrapped up trading Monday at $57.90, the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since...

Gold Prices Pull Back From Nearly 6-Year High as Stock Gains Firm

Gold futures on Wednesday retreated from a nearly six-year high scored a day earlier amid expected progress on U.S.-China trade talks and a less-dovish-than-hoped Federal Reserve. U.S. Treasury Secretary Steven Mnuchin told CNBC, œwe were about 90% of the way there [with a trade deal] and I think there™s a path to complete this. He said he™s confident President Donald Trump and China™s President Xi Jinping will make inroads into those stalled talks at the weekend Group of 20...

EUR/USD extends the consolidation near 1.1340
Friday, 22 February 2019 15:06 WIB | CURRENCIES |DOLLAR Euro

EUR/USD remains within the broad consolidative theme in the second half of the week amidst scarce volatility and cautiousness over the outcome of the US-China trade talks.

EUR/USD looks to trade for direction

Spot remains sidelined at the end of the week and is tracking the generalized lack of direction in the global markets, while investors keep looking to headlines from the US-Sino trade talks in Washington, which are due to conclude today.

The shared currency stayed apathetic following the ECB minutes on Thursday, where the Council acknowledged the ongoing slowdown in the bloc could last longer than expected, adding that more time and data is needed to gauge whether it is temporary or it has more structural components.

In the data space today, German final Q4 GDP showed the economy expanded 0.9% on a yearly basis during Q4, matching the preliminary readings. Later in the session, the German IFO survey is due seconded by final January inflation figures in the euro area and the speech by President M.Drgahi in Bologna (Italy).

Across the pond, Fedspeak will be in centre stage later today, as several FOMC governors will take part in a panel to discuss the balance sheet in New York.

What to look for around EUR

The shared currency continues to look to developments from the US-China trade talks for near term direction as well as any headlines from the effervescence on the US-EU trade front. Disappointing advanced prints from manufacturing PMIs in Germany and the euro bloc plus a ˜reality check™ from the ECB minutes appear to have exacerbated concerns over the deterioration in the bloc™s fundamentals and casted further shadows over the probability of any action on rates from the ECB this year.

Source : FxStreet

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POPULAR NEWS
Gold gives up nearly all of its gains, but settles at highest since late August 2013

Gold futures gave up almost all of their earlier gains by Tuesday afternoon, though still marked the highest most-active contract settlement since August 2013. Federal Reserve Chairman Jerome Powell suggested Tuesday that an interest-rate cut in July is not a done deal. Following those comments, George Gero, managing director at RBC Wealth Management, said he expected to see profit taking in gold. A July interest-rate cut has been widely expected by investors and economists. August gold rose...

Gold settles lower after 4-session climb lifted prices near a 6-year high

Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks. Also, optimistic comments by U.S. Treasury Secretary Steven Mnuchin early Wednesday regarding the U.S.-China trade dispute shifted investor attention back towards equity markets œbut in my opinion, that is a...

Oil prices rally as weekly U.S. crude inventory drops by almost 13 million barrels

Oil prices climbed sharply on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks, reportedly the largest since 2016. Given the big draw in gasoline and supply decline at the U.S. oil trading hub at Cushing, Okla., "we wouldn't be surprised to see the $60 level get breached in WTI," he said. "However, with the upcoming OPEC meeting and also the [Group of 20 leaders summit], we will see the next directional move on the results of these...

U.S. oil prices pull back after 3-session climb on the back of Iran tensions

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel on the New York Mercantile Exchange. The contract wrapped up trading Monday at $57.90, the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since...

Gold Prices Pull Back From Nearly 6-Year High as Stock Gains Firm

Gold futures on Wednesday retreated from a nearly six-year high scored a day earlier amid expected progress on U.S.-China trade talks and a less-dovish-than-hoped Federal Reserve. U.S. Treasury Secretary Steven Mnuchin told CNBC, œwe were about 90% of the way there [with a trade deal] and I think there™s a path to complete this. He said he™s confident President Donald Trump and China™s President Xi Jinping will make inroads into those stalled talks at the weekend Group of 20...

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