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POPULAR NEWS
Gold scores biggest weekly gain since 2008

Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal. Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet. May silver dropped 14.2 cents, or...

Gold Pulls Back but Set for Biggest Weekly Gain Since 2008

Gold futures pulled back Friday, but remained on track for the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market. Gold for April delivery on Comex fell $33.30, or 2%, to $1.617.90 an ounce, while May silver dropped 22.6 cents, or 1.7%, to $14.45 an ounce. For the week, gold is up nearly 9%, which would mark the biggest weekly rise since December 2008, according to FactSet. A retreat by the U.S....

Russia Proposes Grain Export Quota in Response to Coronavirus

Russia's Agriculture Ministry has proposed to limit grain exports for three months, it said on Friday, prompting concern among traders that the measures by the world's largest wheat exporter could be extended. In fellow Black Sea exporter Ukraine, the economy ministry on Friday said it was monitoring wheat exports daily and would take measures if needed. Bakers and millers in the country had earlier asked for grain exports to be limited to prevent a surge in bread prices if the spread of the...

European markets close lower as investors monitor coronavirus and stimulus measures

European stocks closed lower Friday as investors monitored the spread of coronavirus while policymakers scrambled to agree on a unified response. The pan-European Stoxx 600 closed down 3.2%, with banks and autos dropping more than 5% to lead losses as all sectors and major bourses slid into negative territory. European Union leaders on Thursday failed to agree on how best to shore up economies hammered by the coronavirus, which has now infected more than 533,000 people worldwide, according...

Dow drops more than 900 points on Friday, but still finishes higher for the week

Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street. Sentiment took a hit as investors focused back on the coronavirus outbreak as the U.S. became the country with the most confirmed cases. The Dow Jones Industrial Average dropped 904 points, or about 4%. The S&P 500 slid 3.4% while the Nasdaq Composite traded 3.7% lower. The major averages cut most of their initial losses, however, in...

GBP/USD Holds Steady Above 1.2900 Mark Post-UK Retail Sales
Thursday, 20 February 2020 17:15 WIB | CURRENCIES |GBP/USDPoundsterling

The GBP/USD pair edged higher to fresh session tops, around the 1.2920-25 region post-UK macro data, albeit lacked any strong follow-through.

According to the data released this Thursday, the UK monthly retail sales recorded a growth of 0.9% in January as compared to 0.7% expected and the previous month's fall of 0.5% (revised higher from -0.6% reported earlier.

Adding to this, the yearly rate also bettered expectations and came in to show a rise of 0.8%, though was still below the 0.9% growth posted in December. Meanwhile, sales excluding fuel increased by 1.6% MoM and 1.2% YoY, again beating estimates.

The upbeat readings, however, failed to impress amid persistent fears that Britain might crash out of the European Union at the end of the transition period later this year, which eventually kept a lid on any strong positive move.

With Thursday's key UK macro data out of the way, the incoming Brexit-related headlines might continue to act as an exclusive driver of the sentiment surrounding the sterling and produce some meaningful trading opportunities.

Source : FX Street

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POPULAR NEWS
Gold scores biggest weekly gain since 2008

Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal. Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet. May silver dropped 14.2 cents, or...

Gold Pulls Back but Set for Biggest Weekly Gain Since 2008

Gold futures pulled back Friday, but remained on track for the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market. Gold for April delivery on Comex fell $33.30, or 2%, to $1.617.90 an ounce, while May silver dropped 22.6 cents, or 1.7%, to $14.45 an ounce. For the week, gold is up nearly 9%, which would mark the biggest weekly rise since December 2008, according to FactSet. A retreat by the U.S....

Russia Proposes Grain Export Quota in Response to Coronavirus

Russia's Agriculture Ministry has proposed to limit grain exports for three months, it said on Friday, prompting concern among traders that the measures by the world's largest wheat exporter could be extended. In fellow Black Sea exporter Ukraine, the economy ministry on Friday said it was monitoring wheat exports daily and would take measures if needed. Bakers and millers in the country had earlier asked for grain exports to be limited to prevent a surge in bread prices if the spread of the...

European markets close lower as investors monitor coronavirus and stimulus measures

European stocks closed lower Friday as investors monitored the spread of coronavirus while policymakers scrambled to agree on a unified response. The pan-European Stoxx 600 closed down 3.2%, with banks and autos dropping more than 5% to lead losses as all sectors and major bourses slid into negative territory. European Union leaders on Thursday failed to agree on how best to shore up economies hammered by the coronavirus, which has now infected more than 533,000 people worldwide, according...

Dow drops more than 900 points on Friday, but still finishes higher for the week

Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street. Sentiment took a hit as investors focused back on the coronavirus outbreak as the U.S. became the country with the most confirmed cases. The Dow Jones Industrial Average dropped 904 points, or about 4%. The S&P 500 slid 3.4% while the Nasdaq Composite traded 3.7% lower. The major averages cut most of their initial losses, however, in...

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