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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...

RBA's Lowe: Further monetary easing may well be required
Tuesday, 24 September 2019 17:33 WIB | FISCAL & MONETARY |RBA

In his speech titled 'An Economic Update' to the Armidale Business Chamber, Reserve Bank of Australia (RBA) Governor Philip Lowe reiterated that further monetary easing could be required.

"The Board is prepared to ease monetary policy further if needed to support growth, employment, inflation goals," Lowe said ahead of next week's monetary policy meeting. "It's likely an extended period of low interest rates will be required in Australia."

With the initial reaction to Lowe's comments, the AUD/USD pair gained traction and was last up 0.4% on the day at 0.6800. Below are some additional key takeaways, per Reuters.

"Can't ignore structural shifts in global interest rates. If we did seek to ignore these shifts, our exchange rate would appreciate."

"Global uncertainties, weak household consumption, record drought contributing to Australia growth slowdown."

"Gentle turning point for economy has now been reached, strength and durability of pick-up remains to be seen."

"Expecting a modest pick-up in economic growth in the quarters ahead led by low rates, tax cuts, weaker aAUD, government spending."

"Strong rates of employment growth can be sustained without inflation becoming a problem."

"Risks to global economy titled to the downside led by geopolitical uncertainties."

"Sino-US trade, technology dispute most prominent global risk."

"Drought hurting farm incomes, consumption and in turn overall economy."

"House price correction has affected household spending, residential construction."

"Despite these factors, part of the slowing in Australia's economy remains unexplained."

"Seeking to understand the disparity between strong unemployment growth, weak output growth."

"Inflation expected to pick up, but to remain below the midpoint of 2-3% target range for some time to come."

"Low wages growth one of the factors contributing to weak inflation outcomes."

"House price correction, slow rent growth, gov't efforts to ease cost-of-living pressures other factors."

"Fundamental long-term factors for Australia's economy remain strong, challenge is to capitalise on them."

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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