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POPULAR NEWS
Gold falls to three-month low as demand for haven assets wanes

Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the session off $5.80, or 0.4%, at $1,457.10, marking the lowest finish for the most-active contract since early August, according to Dow Jones Market Data. A recent resurgence in equity markets, notably the Dow Jones Industrial Average and the S&P 500 index have sapped demand for gold and assets perceived as havens, including Treasurys. Indeed,...

Crude Oil Dips Amid Mixed Signals on Trade Talks From Trump

Oil eased in Asian trading Monday after President Donald Trump said trade talks with Beijing were progressing, while casting doubt on how far the White House was prepared to bend in removing tariffs. Brent crude futures were down 0.3%, after rising 0.4% on Friday. The global crude benchmark gained 1.3% over the past week. Trump said Saturday that negotiations with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do....

Gold Rebounds Amid Hong Kong Unrest; Palladium Drops

Gold advanced after its biggest weekly drop in three years as investors weigh the latest developments in U.S.-China trade talks and escalating unrest in Hong Kong. Palladium fell to a one-month low. President Donald Trump said Saturday trade talks with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do. Citywide protests in Hong Kong that saw a demonstrator shot helped support demand for haven assets after last week™s...

Dollar consolidates gains amid cautious optimism on tariff deal

The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth. Against the Australian dollar the greenback stood just below a two-week peak at $0.6857. Against the New Zealand dollar, it was close to a month high at $0.6336, and likewise against a basket of currencies at 98.358. Moves were slight as traders kept a wary eye for further news on the U.S.-China trade war. The dollar was marginally weaker...

U.S. Oil Prices Sink 0.7% Amid Worries of China Trade Progress

Oil futures settled lower Monday as recent developments in Sino-American trade negotiations reignited some fears about demand for energy assets in the face of a prolonged tariff scuffle. West Texas Intermediate crude for December delivery, the U.S. benchmark, fell 38 cents, or 0.7%, to end at $56.86 a barrel. President Donald Trump on Saturday said negotiations between China and the U.S. toward a partial trade deal, referred to as phase one, were going "very nicely" but he said recent...

Fed Saw July Rate Cut as Insurance for Growth and Inflation
Thursday, 22 August 2019 01:24 WIB | FISCAL & MONETARY |Federal ReserveThe FedEkonomi AS

Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump™s trade war.

œMembers who voted for the policy action sought to better position the overall stance of policy to help counter the effects on the outlook of weak global growth and trade policy uncertainty, insure against any further downside risks from those sources, and promote a faster return of inflation to the 2% target, according to minutes of the July 30-31 Federal Open Market Committee meeting, released Wednesday in Washington.

The Fed cut rates for the first time since 2008, a move Chairman Jerome Powell called a œmid-cycle adjustment. The minutes described the quarter-point cut as part of an œongoing reassessment of the policy path that began in late 2018.

 œMembers generally agreed that it was important to maintain optionality in setting the future target range for the federal funds rate, the minutes said, indicating the committee didn™t view the cut as part of an extended cycle of reductions.

The Fed went out of its way to highlight the reasons for the cut in three bullet points, citing signs of economic deceleration, risk management concerns and too low inflation. The minutes said participants noted that œtrade uncertainty would remain a persistent headwind for the outlook.

FOMC participants said they still viewed a sustained U.S. economic expansion, strong labor markets and inflation near the target œas the most likely outcomes.

The minutes began with a lengthy discussion of the Fed™s policy strategy review, which indicated that officials aren™t ruling out any options, including an expansion of their policy toolkit.

Since the last meeting, the dollar has strengthened as the global economic outlook dimmed, raising the prospect for rate cuts abroad. Yields on U.S. 10-year Treasury notes have plunged toward record lows. Investors expect as many as three more quarter-point rate cuts this year to offset increasing downside risks, including a move next month.

Source : Bloomberg

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POPULAR NEWS
Gold falls to three-month low as demand for haven assets wanes

Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the session off $5.80, or 0.4%, at $1,457.10, marking the lowest finish for the most-active contract since early August, according to Dow Jones Market Data. A recent resurgence in equity markets, notably the Dow Jones Industrial Average and the S&P 500 index have sapped demand for gold and assets perceived as havens, including Treasurys. Indeed,...

Crude Oil Dips Amid Mixed Signals on Trade Talks From Trump

Oil eased in Asian trading Monday after President Donald Trump said trade talks with Beijing were progressing, while casting doubt on how far the White House was prepared to bend in removing tariffs. Brent crude futures were down 0.3%, after rising 0.4% on Friday. The global crude benchmark gained 1.3% over the past week. Trump said Saturday that negotiations with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do....

Gold Rebounds Amid Hong Kong Unrest; Palladium Drops

Gold advanced after its biggest weekly drop in three years as investors weigh the latest developments in U.S.-China trade talks and escalating unrest in Hong Kong. Palladium fell to a one-month low. President Donald Trump said Saturday trade talks with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do. Citywide protests in Hong Kong that saw a demonstrator shot helped support demand for haven assets after last week™s...

Dollar consolidates gains amid cautious optimism on tariff deal

The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth. Against the Australian dollar the greenback stood just below a two-week peak at $0.6857. Against the New Zealand dollar, it was close to a month high at $0.6336, and likewise against a basket of currencies at 98.358. Moves were slight as traders kept a wary eye for further news on the U.S.-China trade war. The dollar was marginally weaker...

U.S. Oil Prices Sink 0.7% Amid Worries of China Trade Progress

Oil futures settled lower Monday as recent developments in Sino-American trade negotiations reignited some fears about demand for energy assets in the face of a prolonged tariff scuffle. West Texas Intermediate crude for December delivery, the U.S. benchmark, fell 38 cents, or 0.7%, to end at $56.86 a barrel. President Donald Trump on Saturday said negotiations between China and the U.S. toward a partial trade deal, referred to as phase one, were going "very nicely" but he said recent...

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