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POPULAR NEWS
Gold Futures Drop as U.S. Payrolls Rise More Than Expected

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs. Gold has struggled to sustain recent rallies as resilient U.S. economic data and bets on progress toward a U.S.-China trade deal limit demand for the...

Gold falls 1% after robust US jobs data

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new record high. U.S. job growth increased by the most in 10 months in November, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. Spot gold slipped 1% to $1,461.01 per ounce. U.S. gold futures settled down 1.1% at $1,465.1 per...

Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for key monthly U.S. jobs data due later Friday. China said Friday it's in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies, a procedural step that may also signal a broader trade agreement with the U.S. is drawing closer. President Donald Trump said that talks were œmoving along well. Investors are...

Tokyo Stocks Edge Up On Hopes For US-China Trade Deal

Tokyo stocks inched up Friday on continued hopes for a US-China trade deal, with investors cautious thanks to outstanding uncertainties, including Britain's general election next week. The benchmark Nikkei 225 index rose 0.23 per cent, or 54.31 points, to close at 23,354.40, while the broader Topix index was up 0.11 per cent, or 1.95 points, at 1,713.36. Source : AFP

U.S. oil futures post biggest weekly rise since June

Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the Petroleum Exporting Countries and its allies announced an agreement to cut production by an additional 500,000 barrels a day starting in January. Including the 1.2 million barrels in reductions under the current pact, that will bring total output cuts to 1.7 million barrels a day from October 2018...

Retail sales pop again in June in good sign for consumer-driven U.S. economy
Tuesday, 16 July 2019 19:58 WIB | ECONOMY |Retail SalesEkonomi AS

Sales at U.S. retailers rose solidly in June for the fourth month in a row, pointing to a strong rebound in consumer spending in the second quarter that suggests the economy is not as fragile as the Federal Reserve apparently believes.

Retail sales increases 0.4% last month, the government said Tuesday. Economists polled by MarketWatch expected a 0.1% gain.

The increase was an even larger 0.7% if gasoline sales are stripped out. Falling oil prices caused a big drop in sales at gas stations.

Retail sales offer a clear window in the health of the consumer-driven U.S. economy. Retail spending bounced back in the second quarter after a weak start early in the year.

Internet retailers led the way again with a 1.7% increase in sales. Sales also rose at restaurants, grocers, home-furnishing stores, clothing outlets, home centers and pharmacies.

Sales fell a sharp 1.1% at department stores, which been losing out to Internet rivals for years. Electronics stores also saw a small dip.

The increase in sales in May was trimmed to 0.4%, but sales in April were revised up a notch to show a 0.4% increase. So, a wash.

Source : MarketWatch

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ADP badly disappoints with 67K, GBP/USD breaks above 1.31, EUR/USD nears 1.11...
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POPULAR NEWS
Gold Futures Drop as U.S. Payrolls Rise More Than Expected

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs. Gold has struggled to sustain recent rallies as resilient U.S. economic data and bets on progress toward a U.S.-China trade deal limit demand for the...

Gold falls 1% after robust US jobs data

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new record high. U.S. job growth increased by the most in 10 months in November, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. Spot gold slipped 1% to $1,461.01 per ounce. U.S. gold futures settled down 1.1% at $1,465.1 per...

Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for key monthly U.S. jobs data due later Friday. China said Friday it's in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies, a procedural step that may also signal a broader trade agreement with the U.S. is drawing closer. President Donald Trump said that talks were œmoving along well. Investors are...

Tokyo Stocks Edge Up On Hopes For US-China Trade Deal

Tokyo stocks inched up Friday on continued hopes for a US-China trade deal, with investors cautious thanks to outstanding uncertainties, including Britain's general election next week. The benchmark Nikkei 225 index rose 0.23 per cent, or 54.31 points, to close at 23,354.40, while the broader Topix index was up 0.11 per cent, or 1.95 points, at 1,713.36. Source : AFP

U.S. oil futures post biggest weekly rise since June

Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the Petroleum Exporting Countries and its allies announced an agreement to cut production by an additional 500,000 barrels a day starting in January. Including the 1.2 million barrels in reductions under the current pact, that will bring total output cuts to 1.7 million barrels a day from October 2018...

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