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POPULAR NEWS
Gold ends flat, then moves lower in electronic trade after Fed minutes

Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...

Gold posts lowest finish in nearly 2 weeks as bond yields climb

Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming. U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield. December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...

Gold edges lower, focus on Jackson Hole summit for rate-cut direction

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT. U.S. gold futures were down 0.5% at $1,507.60 an ounce. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley...

U.S. oil prices settle lower as crude supplies log first weekly slump in 3 weeks

U.S. oil futures settled lower Wednesday after the government reported a weekly decrease in domestic crude supplies, the first in three weeks, but smaller than the market expected. Concerns over energy demand also continued to pressure prices. West Texas Intermediate crude for October delivery fell by 45 cents, or 0.8%, to settle at $55.68 a barrel on the New York Mercantile Exchange, following gains in each of the last three trading sessions. It was at $56.77 shortly before the supply...

Gold sinks as bond yields climb

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo. December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after finishing Wednesday™s session flat. September silver lost 13 cents, or 0.7%, to $17.025 an ounce. The benchmark 10-year Treasury note added more than 3 basis points to around 1.61% early Thursday...

RBA releases quarterly Statement on Monetary Policy: Repeating the same dovishness
Friday, 9 August 2019 08:55 WIB | FISCAL & MONETARY |RBA

The Reserve Bank of Australia has released its quarterly Statement on Monetary Policy. This follows a recent hold in interest rates and a brief statement that indicated fairly modest changes compared to May.  "The RBA's œcentral scenario is for the Australian economy to grow by around 2½ per cent over 2019 and 2¾ per cent over 2020. Inflation is expected to take longer to return to target, œa little under 2 per cent over 2020 and a little above 2 per cent over 2021," analysts at Westpac explained.

"The Australian economy has been navigating a period of slow growth, with subdued growth in household income weighing on consumption spending. In contrast, employment growth has been strong. The response of labour supply has been even stronger, taking the participation rate to a record level. Despite the strong employment growth, the unemployment rate has increased to 5.2 per cent, where it has remained for three months. Domestic inflation pressures remain subdued. Housing-related inflation has been particularly soft lately, compounding the ongoing effects of spare capacity in the labour market and the resulting slow growth in labour costs."

Sees Dec 2019 GDP at 2.5%, Dec 2020 at 2.75% and June 2021 at 3.0%. Sees Dec 2019 at 1.5%, Dec 2020 at 1.75%, and Dec 2021 at 2.0%. Board prepared to ease policy if needed, watching labour market closely. Reasonable to expect extended period of low interest rates. Near-term risks to economic growth are more to the downside. RBA sees underlying inflation at 1.5% Dec 2019, 1.75% Dec 2020, 2% for both June 2021 and Dec 2021.

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

Source : FXstreet

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POPULAR NEWS
Gold ends flat, then moves lower in electronic trade after Fed minutes

Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...

Gold posts lowest finish in nearly 2 weeks as bond yields climb

Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming. U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield. December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...

Gold edges lower, focus on Jackson Hole summit for rate-cut direction

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT. U.S. gold futures were down 0.5% at $1,507.60 an ounce. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley...

U.S. oil prices settle lower as crude supplies log first weekly slump in 3 weeks

U.S. oil futures settled lower Wednesday after the government reported a weekly decrease in domestic crude supplies, the first in three weeks, but smaller than the market expected. Concerns over energy demand also continued to pressure prices. West Texas Intermediate crude for October delivery fell by 45 cents, or 0.8%, to settle at $55.68 a barrel on the New York Mercantile Exchange, following gains in each of the last three trading sessions. It was at $56.77 shortly before the supply...

Gold sinks as bond yields climb

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo. December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after finishing Wednesday™s session flat. September silver lost 13 cents, or 0.7%, to $17.025 an ounce. The benchmark 10-year Treasury note added more than 3 basis points to around 1.61% early Thursday...

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