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POPULAR NEWS
Gold loses stream after tapping fresh 6-year highs

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six years. August gold trading fell by $1.40, or 0.1%, to settle at $1,426.70 an ounce, after touching an intraday high of $1,454.40. Friday™s intraday high and Thursday™s settlement were the loftiest for a most-active contract since mid-May 2013, according to Dow Jones Market Data. Gold tallied...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial Average closed down 0.3% at 27,154, off 69 points, the S&P 500 index retreated 0.6% at 2,977, while the Nasdaq Composite Index pulled back 0.7% to end at 8,146. For the week, the Dow booked a 0.7% decline, the S&P 500 finished with a weekly slide...

Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The market saw an "insane downward trend in crude oil this week," said James Hatzigiannis, senior commodities associate at Long Leaf Trading Group. "I think it is a bit of an overreaction and you should see prices recover next week if there [is] any progress on the U.S./China trade front or any...

Stocks steady mid-session Friday as investors ponder corporate earnings, Fed rate cuts and U.S-China trade dispute

U.S. stocks were little changed mid-session Friday, with Wall Street hopeful that the Federal Reserve will take aggressive action to stamp out signs of stress in the economy, while digesting mixed corporate earnings reports against the backdrop of the unresolved U.S.- China trade dispute. The S&P 500 index rose back above 3,000 level in early trade, but all three benchmarks look likely to end slightly lower for the week. The Dow Jones Industrial Average was up 78 points at 27,301, while...

European stocks close slightly higher as investors await Fed rate decision

European stocks were little changed on Friday as market players awaited news on whether the U.S. Federal Reserve will cut interest rates this month. The pan-European Stoxx 600 hovered around the flatline during afternoon trade and ended the session 0.12% higher to 387.25 with sectors and major bourses pointing in opposite directions. Basic Resources were the strongest performers with a 1.1% climb, while bank stocks were 0.9% lower as Italian banks declined amid tension between the two parties...

GBP/USD Clings to Gains, Comfortably Above 1.2700 Handle Post-UK Data
Thursday, 20 June 2019 16:09 WIB | CURRENCIES |PoundsterlingGBP/USD

The GBP/USD pair maintained its strong bid tone near one-week tops and had a rather muted reaction to the latest UK retail sales data.

The pair built on this week's goodish bounce from the vicinity of the key 1.2500 psychological mark, or multi-month lows, and continued gaining strong positive traction for the third consecutive session on Thursday.

The post-FOMC free fall in the US Treasury bond yields kept exerting some heavy downward pressure on the US Dollar and turned out to be one of the key factors fueling the momentum beyond the 1.2700 handle.

With the prevailing USD selling bias acting as an exclusive driver of the pair's strong up-move, bullish traders seemed rather unaffected by Thursday's mixed release of the UK monthly retail sales figures.

In fact, the headline sales fell -0.5% in May as compared to -0.1% recorded in the previous month while core figures came in slightly better-than-expected, showing a decline of 0.3% as against 0.4% consensus estimates.

The disappointment, however, came from yearly figures, which showed a sharp deceleration to 2.3% and 2.2% in the headline and core figures respectively as compared to 5.1% and 4.7% growth in the previous month.

Moving ahead, market participants now look forward to the latest BoE monetary policy decision for some fresh impetus, though seems more likely to be a non-event for GBP traders amid persistent Brexit uncertainties.

Source : FX Street

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POPULAR NEWS
Gold loses stream after tapping fresh 6-year highs

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six years. August gold trading fell by $1.40, or 0.1%, to settle at $1,426.70 an ounce, after touching an intraday high of $1,454.40. Friday™s intraday high and Thursday™s settlement were the loftiest for a most-active contract since mid-May 2013, according to Dow Jones Market Data. Gold tallied...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial Average closed down 0.3% at 27,154, off 69 points, the S&P 500 index retreated 0.6% at 2,977, while the Nasdaq Composite Index pulled back 0.7% to end at 8,146. For the week, the Dow booked a 0.7% decline, the S&P 500 finished with a weekly slide...

Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The market saw an "insane downward trend in crude oil this week," said James Hatzigiannis, senior commodities associate at Long Leaf Trading Group. "I think it is a bit of an overreaction and you should see prices recover next week if there [is] any progress on the U.S./China trade front or any...

Stocks steady mid-session Friday as investors ponder corporate earnings, Fed rate cuts and U.S-China trade dispute

U.S. stocks were little changed mid-session Friday, with Wall Street hopeful that the Federal Reserve will take aggressive action to stamp out signs of stress in the economy, while digesting mixed corporate earnings reports against the backdrop of the unresolved U.S.- China trade dispute. The S&P 500 index rose back above 3,000 level in early trade, but all three benchmarks look likely to end slightly lower for the week. The Dow Jones Industrial Average was up 78 points at 27,301, while...

European stocks close slightly higher as investors await Fed rate decision

European stocks were little changed on Friday as market players awaited news on whether the U.S. Federal Reserve will cut interest rates this month. The pan-European Stoxx 600 hovered around the flatline during afternoon trade and ended the session 0.12% higher to 387.25 with sectors and major bourses pointing in opposite directions. Basic Resources were the strongest performers with a 1.1% climb, while bank stocks were 0.9% lower as Italian banks declined amid tension between the two parties...

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