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POPULAR NEWS
Gold Flirts With $1,500 Again on New Trade War Worries

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of $1,500 per ounce, on news of fresh troubles in U.S.-China trade negotiations. Gold rebounded after a Bloomberg report that China had more demands from the Trump Administration over tariffs and wanted more talks to reach a trade deal. The Chinese stance appeared to contradict the U.S. president™s contention on Friday that the two sides were closer...

Hong Kong stocks end with healthy gains (Review)

Shares rallied on Monday in Hong Kong after China and the United States announced a partial trade deal that eased tensions between the economic superpowers. The Hang Seng Index jumped 0.81 percent, or 213.41 points, to 26,521.85, marking a third straight advance. The benchmark Shanghai Composite Index climbed 1.15 percent, or 34.22 points, to 3,007.88, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.43 percent, or 23.37 points, to...

U.S. Stocks Pause On Unsettled Trade Deal; Earnings Eyed

Wall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings season, which begins in earnest on Tuesday. The Dow Jones Industrial Average fell 29.97 points, or 0.11%, to 26,786.62, the S&P 500 lost 4.07 points, or 0.14%, to 2,966.2 and the Nasdaq Composite dropped 8.39 points, or 0.1%, to 8,048.65. Source : Reuters

Gold prices rise as the Fed announced the start of a 'massive' bond buying program

Gold futures rose Monday, looking to post their first gain in three sessions, finding support as the so-called ''phase one'' of the U.S.-China trade deal reportedly hit a snag and after the U.S. Federal Reserve announced last week that it will start expanding its balance sheet next week. On Comex, December gold climbed by $5.70, or 0.4%, to $1,494.40 an ounce. On Friday, it posted its lowest finish month to date and the most-active futures contract lost 1.6%. December silver added 10.6...

Oil Tumbles Again as Trade Bogeyman Returns

One session is all it took for the optimism over U.S.-China trade talks to turn into pessimism. Crude oil prices settled down 2% on Monday after a Bloomberg report that China had more demands from the Trump Administration over tariffs and wanted more talks to reach a trade deal. That contrasted with the U.S. president™s contention that the two sides were closer to an agreement. Just on Friday, U.S. West Texas Intermediate crude U.K. Brent oil settled up more than 2% each, finishing last...

USD/JPY slides to 2-1/2 week lows, farther below mid-111.00s
Tuesday, 30 April 2019 15:38 WIB | CURRENCIES | Indeks Dolar YenUSD/JPY,

The USD/JPY pair came under some renewed selling pressure on Tuesday and dropped to 2-1/2 week lows, around the 111.35 region in the last hour.

The pair failed to capitalize on the overnight attempted bounce to the 112.00 neighbourhood and a combination of negative forces exerted some fresh downward pressure during the Asian session on Tuesday.

The US Dollar held on the defensive amid expectations that the Fed will stick to its cautious stance amid steadily cooling US inflation, further reinforced by March PCE report released in the previous session.

Apart from a subdued USD price action, bearish traders further took cues from a weaker trading sentiment around equity markets, which tends to underpin the Japanese Yen's relative safe-haven demand.

The latest disappointment from Chinese manufacturing PMI, which unexpectedly fell to 50.2 in April, underscored weakness in the world's second-largest economy and dented investors™ appetite for riskier assets.

The global risk-aversion, reinforced by the ongoing slide in the US Treasury bond yields, largely offset the recent optimism over a possible US-China trade deal and did little to lend any support to the major.

Moving ahead, today's US economic docket - featuring the release of pending home sales, the Conference Board's consumer confidence index and Chicago PMI will be looked upon for some short-term trading impetus.

The key focus, however, will be on the latest FOMC monetary policy update on Wednesday, which followed by Friday's important release of the closely watched US monthly jobs report (NFP) will help determine the pair's next leg of a directional move.

Technical outlook

As Omkar Godbole, Analyst and Editor at FXStreet writes, œthe path of least resistance appears to be on the downside. The 50-day MA support, currently at 111.33, could soon come into play. A violation there would expose the next major support lined up at 110.84 (April 10 low). A weekly close above 112.00 is needed to revive the bullish outlook.

Source: FXstreet

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POPULAR NEWS
Gold Flirts With $1,500 Again on New Trade War Worries

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of $1,500 per ounce, on news of fresh troubles in U.S.-China trade negotiations. Gold rebounded after a Bloomberg report that China had more demands from the Trump Administration over tariffs and wanted more talks to reach a trade deal. The Chinese stance appeared to contradict the U.S. president™s contention on Friday that the two sides were closer...

Hong Kong stocks end with healthy gains (Review)

Shares rallied on Monday in Hong Kong after China and the United States announced a partial trade deal that eased tensions between the economic superpowers. The Hang Seng Index jumped 0.81 percent, or 213.41 points, to 26,521.85, marking a third straight advance. The benchmark Shanghai Composite Index climbed 1.15 percent, or 34.22 points, to 3,007.88, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.43 percent, or 23.37 points, to...

U.S. Stocks Pause On Unsettled Trade Deal; Earnings Eyed

Wall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings season, which begins in earnest on Tuesday. The Dow Jones Industrial Average fell 29.97 points, or 0.11%, to 26,786.62, the S&P 500 lost 4.07 points, or 0.14%, to 2,966.2 and the Nasdaq Composite dropped 8.39 points, or 0.1%, to 8,048.65. Source : Reuters

Gold prices rise as the Fed announced the start of a 'massive' bond buying program

Gold futures rose Monday, looking to post their first gain in three sessions, finding support as the so-called ''phase one'' of the U.S.-China trade deal reportedly hit a snag and after the U.S. Federal Reserve announced last week that it will start expanding its balance sheet next week. On Comex, December gold climbed by $5.70, or 0.4%, to $1,494.40 an ounce. On Friday, it posted its lowest finish month to date and the most-active futures contract lost 1.6%. December silver added 10.6...

Oil Tumbles Again as Trade Bogeyman Returns

One session is all it took for the optimism over U.S.-China trade talks to turn into pessimism. Crude oil prices settled down 2% on Monday after a Bloomberg report that China had more demands from the Trump Administration over tariffs and wanted more talks to reach a trade deal. That contrasted with the U.S. president™s contention that the two sides were closer to an agreement. Just on Friday, U.S. West Texas Intermediate crude U.K. Brent oil settled up more than 2% each, finishing last...

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