DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold finishes lower as worries over China virus ebb

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following a 1.5% loss Tuesday. In other metals trading, March palladium rose 4.6% to $2,335.60 an ounce,...

Gold Steady Amid Virus Concerns; Palladium Decline

Gold was steady in Asia as markets assessed the likely impact of the spread of China™s coronavirus. Palladium extended its decline. Spot gold -0.1% to $1,556.81/oz at 7:41am in Singapore; -0.2% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday. Other precious metals: Silver little changed at $17.7762/oz, Platinum -0.1% to $999.92/oz, Palladium -0.3% to $2,394.35/oz; prices fell 5.6% Tuesday, biggest loss since Aug. 1. Source: Bloomberg

Gold Holds Steady On Central Bank Policy Expectations

Gold prices were little changed on Wednesday as technical support on expected dovish monetary policy from central banks offset revived appetite for riskier assets and an upbeat dollar. Spot gold was down 0.1% at $1,555.73 an ounce at 13:22 GMT. U.S. gold futures dipped 0.2% to $1,555.50. Investors will keep a close eye on the European Central Bank™s first policy meeting of the year on Thursday, while the Fed™s first meeting is scheduled for Jan. 28-29. Lower interest rates reduce the...

Oil falls nearly 3% as over-supply concerns weigh

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output. Brent crude was down $1.39, or 2.2%, at $63.20 per barrel. U.S. West Texas Intermediate crude fell 2.8%, or $1.64, to settle at $56.74 per barrel. The head of the IEA, Fatih Birol, said he expects the market to be in surplus by 1 million barrels per day (bpd) in the first half of this year. Source :...

Dollar Edges Higher; Loonie Downside Risk as BoC Meets

The U.S. dollar edged higher Wednesday as traders took a calmer view of the emergence of the pneumonia-like virus in China, but its gains were minimal and caution was still abundant. At 04:10 ET (09:10 GMT), the US Dollar Index Futures, which tracks the greenback against a basket of other currencies, was up 0.1% at 97.42. The yen dropped 0.1% against the dollar, with USD/JPY trading at 109.97. EUR/USD traded 0.1% at 1.1079 and GBP/USD at 1.3043, down 0.1%. As of early Wednesday, Chinese...

BOE Notes Rising No-Deal Brexit Risk as Rate Kept Unchanged
Thursday, 20 June 2019 18:20 WIB | FISCAL & MONETARY |BOE

The Bank of England said the perceived risk of crashing out of the European Union without a deal had risen as they unanimously voted to keep policy unchanged.

While officials, led by Governor Mark Carney, said they still see the need for interest-rate hikes in coming years if their forecasts bear out, they also acknowledged that investors are taking a different view than the bank's assumption of a smooth Brexit.

That has pushed down the pound and market expectations for future interest rates, the Monetary Policy Committee said in the minutes of its June meeting. 

The market moves œhighlighted the ongoing tension between the MPC's forecast conditioning assumption of a smooth Brexit and the assumptions about alternative Brexit scenarios that were priced into the financial market variables, the minutes said.

The BOE last month indicated that more rate hikes would be needed over the next few years to keep inflation under control, and said the market curve doesn't reflect that. Since then investors have increased bets in the other direction, with the market showing a greater likelihood of a cut rather than an increase as the next move.

That assumption about an orderly departure from the EU looks more fragile now. All the remaining candidates in the race to succeed Prime Minister Theresa May have refused to exclude the prospect of leaving without a new arrangement in place.

The panel voted 9-0 to hold the key rate at 0.75%. All 63 economists in a Bloomberg survey correctly predicted Thursday's decision. They cut their prediction for second-quarter growth to stagnation after a previous estimate of 0.2%.

The BOE reiterated its guidance for limited and gradual rate hikes in the minutes, but also joined other major central banks in recognizing the weaker global outlook. European Central Bank President Mario Draghi this week pledged new stimulus if the outlook doesn™t improve. The U.S. Federal Reserve on Wednesday opened the door to a rate cut as soon as next month.

With Brexit now delayed until Oct. 31, the BOE said it doesn't expect investment to pick up before then. It said that downside risks have increased since May, and underlying growth has weakened slightly in the first half.

Source : Bloomberg

RELATED NEWS
ECB Makes no Monetary Policy Changes, Launches Review of Monetary Policy Strategy...
Thursday, 23 January 2020 20:08 WIB

The European Central Bank, as expected, left interest rates unchanged on Thursday and maintained its commitment to purchasing 20 billion euros ($22.8 billion) a month in bonds. The ECB's deposit rate...

BoE Could Give "Prompt Response" to Signs of Lasting Weakness in UK Economy - Carney...
Thursday, 9 January 2020 17:07 WIB

Bank of England Governor Mark Carney said on Thursday there could be a "relatively prompt response" from the central bank if it looked like weakness in the economy will persist. "With the relatively ...

Bank of England leaves policy rate unchanged at 0.75% in December as expected...
Thursday, 19 December 2019 19:47 WIB

In a widely expected decision, the Bank of England's Monetary Policy Committee held the policy rate unchanged at 0.75% in December. The asset purchase facility remained steady at €435 billion as wel...

Lagarde's ECB Keeps Policy Unchanged as Strategy Review Looms...
Thursday, 12 December 2019 20:05 WIB

The European Central Bank kept monetary stimulus unchanged at President Christine Lagarde™s first policy meeting, shifting the focus to when she™ll announce her review of the instit...

Federal Reserve signals no rate hikes in 2020, just one in 2021...
Thursday, 12 December 2019 02:20 WIB

The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy. The Fed's so-called dot plot shows no rate hikes in ...

POPULAR NEWS
Gold finishes lower as worries over China virus ebb

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following a 1.5% loss Tuesday. In other metals trading, March palladium rose 4.6% to $2,335.60 an ounce,...

Gold Steady Amid Virus Concerns; Palladium Decline

Gold was steady in Asia as markets assessed the likely impact of the spread of China™s coronavirus. Palladium extended its decline. Spot gold -0.1% to $1,556.81/oz at 7:41am in Singapore; -0.2% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday. Other precious metals: Silver little changed at $17.7762/oz, Platinum -0.1% to $999.92/oz, Palladium -0.3% to $2,394.35/oz; prices fell 5.6% Tuesday, biggest loss since Aug. 1. Source: Bloomberg

Gold Holds Steady On Central Bank Policy Expectations

Gold prices were little changed on Wednesday as technical support on expected dovish monetary policy from central banks offset revived appetite for riskier assets and an upbeat dollar. Spot gold was down 0.1% at $1,555.73 an ounce at 13:22 GMT. U.S. gold futures dipped 0.2% to $1,555.50. Investors will keep a close eye on the European Central Bank™s first policy meeting of the year on Thursday, while the Fed™s first meeting is scheduled for Jan. 28-29. Lower interest rates reduce the...

Oil falls nearly 3% as over-supply concerns weigh

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output. Brent crude was down $1.39, or 2.2%, at $63.20 per barrel. U.S. West Texas Intermediate crude fell 2.8%, or $1.64, to settle at $56.74 per barrel. The head of the IEA, Fatih Birol, said he expects the market to be in surplus by 1 million barrels per day (bpd) in the first half of this year. Source :...

Dollar Edges Higher; Loonie Downside Risk as BoC Meets

The U.S. dollar edged higher Wednesday as traders took a calmer view of the emergence of the pneumonia-like virus in China, but its gains were minimal and caution was still abundant. At 04:10 ET (09:10 GMT), the US Dollar Index Futures, which tracks the greenback against a basket of other currencies, was up 0.1% at 97.42. The yen dropped 0.1% against the dollar, with USD/JPY trading at 109.97. EUR/USD traded 0.1% at 1.1079 and GBP/USD at 1.3043, down 0.1%. As of early Wednesday, Chinese...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.