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POPULAR NEWS
Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

Oil prices soar 10% after attack on Saudi facilities hits global supply

Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply. International benchmark Brent crude futures rose $7.06 a barrel or 11.7% from their New York close on Friday to stand at $67.28 per barrel by 01:08 GMT, after soaring more than 19% to a session high of $71.95 per barrel at the opening. U.S. West Texas Intermediate (WTI)...

Hong Kong Demonstrators Clash with Police on 99th Day of Protests

Anti-government protesters clashed with police in Hong Kong again on Sunday, with demonstrators hurling rocks and Molotov cocktails at authorities who responded with volleys of tear gas and blasts of blue-dyed water fired from water cannons. Some of the thousands of protesters threw bricks at police outside the Chinese People's Liberation Army base and tore down and set fire to a banner proclaiming the 70th anniversary of the October 1 founding of the People's Republic of China. Police said...

Dollar Slips, Euro Pushes Higher after PMI Data
Thursday, 22 August 2019 15:16 WIB | CURRENCIES |DOLLARCurrency Euro

The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy could avoid a recession.

The dollar was down 0.2% at 1.1104 euro by 03:47 AM ET (07:47 GMT) after French and German PMI data for August came in ahead of expectations. But the reports showed that Germany's manufacturing sector remained at recession levels and activity in the service sector slowed.

Against the yen, the dollar slid 0.15% to 106.44, following a 0.36% gain on Wednesday, its biggest since Aug. 13.

Wednesday's Fed minutes that showed policymakers viewed last month's cut in interest rates as a recalibration not the start of sustained monetary easing, tempering expectations for another rate cut at the central bank's September meeting.

Investors are now looking ahead to Fed Chairman Jerome Powell's speech at Jackson Hole on Friday for signs of just how far the U.S. central bank is prepared to lower rates.

The British pound was a touch lower against the euro, on course for its second day of losses, as uncertainty about Britain's divorce from the European Union weighed on sterling.

Source : Investing.com

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POPULAR NEWS
Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

Oil prices soar 10% after attack on Saudi facilities hits global supply

Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply. International benchmark Brent crude futures rose $7.06 a barrel or 11.7% from their New York close on Friday to stand at $67.28 per barrel by 01:08 GMT, after soaring more than 19% to a session high of $71.95 per barrel at the opening. U.S. West Texas Intermediate (WTI)...

Hong Kong Demonstrators Clash with Police on 99th Day of Protests

Anti-government protesters clashed with police in Hong Kong again on Sunday, with demonstrators hurling rocks and Molotov cocktails at authorities who responded with volleys of tear gas and blasts of blue-dyed water fired from water cannons. Some of the thousands of protesters threw bricks at police outside the Chinese People's Liberation Army base and tore down and set fire to a banner proclaiming the 70th anniversary of the October 1 founding of the People's Republic of China. Police said...

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