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POPULAR NEWS
Gold futures settle above $1,800 for first time since 2011

Gold futures settled above $1,800 an ounce on Tuesday, the first time for a most-active contract since 2011. Prices for the haven metal continued to find support on the heels of uncertainty over a recovery in the economy, ending the quarter 12.8% higher and trading up by more than 18% for the first half of the year, according to Dow Jones Market Data. "With a potent combination of low rates, ongoing global monetary and fiscal stimulus and COVID-19 uncertainty, there is plenty of catalyst in...

Gold futures end lower a day after highest finish since 2011

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he...

Hong Kong Stocks Finish Higher (Review)

Hong Kong shares closed with gains Tuesday following a rally in New York as traders welcomed upbeat economic data, though they remained cautious after China passed a controversial security law for the city. The Hang Seng Index added 0.52 percent, or 125.91 points, to 24,427.19. The benchmark Shanghai Composite Index rose 0.78 percent, or 23.16 points, to 2,984.67 while the Shenzhen Composite Index on China's second exchange jumped 1.88 percent, or 36.40 points, to 1,975.52. Source : AFP

Gold prices see subdued action as metals wrap up month, quarter and 2020's first half

Gold futures were edging lower on Tuesday with the U.S. dollar remaining firm and as the market awaited testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin later in the session. The economic uncertainty created by the coronavirus pandemic has been one key factor underpinning bullion's rally in recent weeks. August gold fell $2.70, or 0.1%, at $1,778.70 an ounce, after rising less than 0.1% on Monday. Early last week, gold touched its highest level...

Oil futures end down for the session, but post a more than 90% gain for the quarter

Oil futures settled with a loss on Tuesday, down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand. U.S. benchmark prices, however, ended the second quarter up by almost 92%, rebounding from a record dip to a negative settlement in April as a group of major oil producers moved to reduce oil production and amid signs of some recovery in demand for oil. August West Texas Intermediate oil CLQ20,...

BOJ Stands Pat as Fed and ECB Signal Possible Rate Cuts Ahead
Thursday, 20 June 2019 10:19 WIB | FISCAL & MONETARY |Ekonomi JepangBank of JapanBOJ

The Bank of Japan kept monetary policy unchanged Thursday, just hours after the Federal Reserve became the latest central bank to signal a willingness to cut interest rates in the face of rising threats to economic growth.

The BOJ maintained its interest rates and asset purchases, it said in a statement. All 50 economists surveyed by Bloomberg had predicted no change.

Governor Haruhiko Kuroda™s views on the economic outlook and the possibility of additional stimulus will be in focus when he holds a news conference at 3:30 p.m. He is likely to reaffirm his willingness to add stimulus, something he has repeatedly pledged to do if momentum toward the BOJ™s 2% inflation target is threatened.

For the first time in more than two years, a majority of economists now predict the BOJ™s next policy move will be to increase stimulus, and some see action as early as next month. Those expectations will be reinforced after both the Fed and European Central Bank this week indicated a readiness to shift to more accommodative policy.

Fed rate cuts, seen as increasingly likely, are expected to force the BOJ™s hand by pushing the yen to what it would consider an uncomfortably strong level.

In fact, in weighing its options the BOJ will primarily focus on Fed policy and its impact on the yen, Yasunari Ueno, chief market economist at Mizuho Securities Co., said before today™s decision. Ueno was among six analysts to recently predict the BOJ would increase stimulus next month.

A stronger yen would hamper the BOJ™s efforts to hit 2% inflation. Core inflation, to be released Friday, is expected to have fallen in May to 0.7% and is forecast to drop further in coming months.

Source : Bloomberg

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POPULAR NEWS
Gold futures settle above $1,800 for first time since 2011

Gold futures settled above $1,800 an ounce on Tuesday, the first time for a most-active contract since 2011. Prices for the haven metal continued to find support on the heels of uncertainty over a recovery in the economy, ending the quarter 12.8% higher and trading up by more than 18% for the first half of the year, according to Dow Jones Market Data. "With a potent combination of low rates, ongoing global monetary and fiscal stimulus and COVID-19 uncertainty, there is plenty of catalyst in...

Gold futures end lower a day after highest finish since 2011

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he...

Hong Kong Stocks Finish Higher (Review)

Hong Kong shares closed with gains Tuesday following a rally in New York as traders welcomed upbeat economic data, though they remained cautious after China passed a controversial security law for the city. The Hang Seng Index added 0.52 percent, or 125.91 points, to 24,427.19. The benchmark Shanghai Composite Index rose 0.78 percent, or 23.16 points, to 2,984.67 while the Shenzhen Composite Index on China's second exchange jumped 1.88 percent, or 36.40 points, to 1,975.52. Source : AFP

Gold prices see subdued action as metals wrap up month, quarter and 2020's first half

Gold futures were edging lower on Tuesday with the U.S. dollar remaining firm and as the market awaited testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin later in the session. The economic uncertainty created by the coronavirus pandemic has been one key factor underpinning bullion's rally in recent weeks. August gold fell $2.70, or 0.1%, at $1,778.70 an ounce, after rising less than 0.1% on Monday. Early last week, gold touched its highest level...

Oil futures end down for the session, but post a more than 90% gain for the quarter

Oil futures settled with a loss on Tuesday, down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand. U.S. benchmark prices, however, ended the second quarter up by almost 92%, rebounding from a record dip to a negative settlement in April as a group of major oil producers moved to reduce oil production and amid signs of some recovery in demand for oil. August West Texas Intermediate oil CLQ20,...

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