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POPULAR NEWS
Gold prices end higher for first time in 3 sessions

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China trade deal and awaited the outcome of the Federal Reserve's two-day policy meeting, which ends Wednesday. February gold lost $3.20, or 0.2%, to settle at $1,468.10 an ounce. Source: marketwatch

Gold prices settle higher, head lower after Fed decision

Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce. Source: Marketwatch

Oil rises but US-China trade war weighs on demand outlook

Oil prices inched up on Tuesday as OPEC™s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. Brent crude was up 7 cents to $64.32 a barrel, and West Texas Intermediate oil settled up 22 cents at $59.24 a barrel. The benchmarks fell 0.2% and 0.3% respectively on Monday. Last week, the Organization of the Petroleum Exporting Countries and associated producers like Russia...

Gold Extends Post-Payrolls Recovery on Trade Fears

Gold prices rose again on Tuesday as fears spread that the U.S. and China won™t sign an interim trade deal before the next round of U.S. import tariffs kicks in on Sunday. Commerce Secretary Wilbur Ross, who already said last week that it would be better to postpone a trade deal with China until after next year™s election, told Fox Business News that it was more important to get a good deal than to get a quick one. Markets have taken the near-complete silence from Beijing and Washington...

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesday in North American trading. The FTSE 100 was up 0.4% in early action, benefiting from a weaker pound as many multinational companies listed on the index earn the bulk of their revenue outside the...

Draghi speech: We continue to stand ready to adjust all of our instruments
Monday, 23 September 2019 20:26 WIB | FISCAL & MONETARY | ECBMario Draghi

In his introductory statement delivered at the hearing before the Committee on Economic and Monetary Affairs of the European Parliament, European Central Bank (ECB) President Draghi repeated that they continue to stand ready to adjust all of their instruments if warranted by the inflation outlook.

The EUR/USD pair ignored Draghi's comments and was last seen trading at 1.0990, losing 0.25% on the day. Below are some additional takeaways, per Reuters.

"We need a coherent economic strategy in the euro area that complements and enhances the effectiveness of the monetary policy."

"Euro area growth momentum has slowed markedly, more than we had previously anticipated."

"This slowdown is mainly due to the weakness of international trade in an environment of persistent uncertainties related to protectionist policies and geopolitical factors."

"In view of the outlook and uncertainties we are facing, monetary policy needs to remain highly accommodative for a prolonged period of time."

"The longer the weakness in manufacturing persists, the greater the risks that other sectors of the economy will be affected by the slowdown."

"The new two-tier system will make sure that the ability of banks to extend loans to their customers at favourable terms remains unimpaired."

"Recent data and forward-looking indicators “ such as new export orders in manufacturing “ do not show convincing signs of a rebound in growth in the near future."

"Underlying inflation remains muted."

"A strong monetary policy response was essential."

"Governing council wants to be sure that the process of convergence is sufficiently mature and realistic before starting to lift policy rates."

"Enhanced guidance helps to reduce uncertainty about the expected path of interest rates in the short to medium term."

Source : FXstreet

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POPULAR NEWS
Gold prices end higher for first time in 3 sessions

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China trade deal and awaited the outcome of the Federal Reserve's two-day policy meeting, which ends Wednesday. February gold lost $3.20, or 0.2%, to settle at $1,468.10 an ounce. Source: marketwatch

Gold prices settle higher, head lower after Fed decision

Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce. Source: Marketwatch

Oil rises but US-China trade war weighs on demand outlook

Oil prices inched up on Tuesday as OPEC™s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. Brent crude was up 7 cents to $64.32 a barrel, and West Texas Intermediate oil settled up 22 cents at $59.24 a barrel. The benchmarks fell 0.2% and 0.3% respectively on Monday. Last week, the Organization of the Petroleum Exporting Countries and associated producers like Russia...

Gold Extends Post-Payrolls Recovery on Trade Fears

Gold prices rose again on Tuesday as fears spread that the U.S. and China won™t sign an interim trade deal before the next round of U.S. import tariffs kicks in on Sunday. Commerce Secretary Wilbur Ross, who already said last week that it would be better to postpone a trade deal with China until after next year™s election, told Fox Business News that it was more important to get a good deal than to get a quick one. Markets have taken the near-complete silence from Beijing and Washington...

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesday in North American trading. The FTSE 100 was up 0.4% in early action, benefiting from a weaker pound as many multinational companies listed on the index earn the bulk of their revenue outside the...

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