Wednesday, 26 June 2019
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Wednesday, 26 June 2019 23:17 WIB

The dollar rose on Wednesday as traders scaled back expectations of an aggressive interest rate decrease next month after comments from Federal Reserve officials that such a move may not be warranted at this time. The greenback and the euro strengthened against the yen after U.S. Treasury Secretary Steven Mnuchin was quoted by CNBC as saying the trade deal between the United States and China is œabout 90% complete. Mnuchin's comments were later restated to show he was using the past tense to describe progress in the U.S.-China talks. At 10:41 a.m. (14:41 GMT), the dollar was up 0.45%...

RECENT NEWS
Gold Prices Pull Back From Nearly 6-Year High as Stock Gains Firm
Wednesday, 26 June 2019 18:58 WIB | GOLD EMAS

Gold futures on Wednesday retreated from a nearly six-year high scored a day earlier amid expected progress on U.S.-China trade talks and a less-dovish-than-hoped Federal Reserve. U.S. Treasury Secretary Steven Mnuchin told CNBC, œwe were about 90% of the way there [with a trade deal] and I think theres a path to complete this. He said hes confident President Donald Trump and Chinas President Xi Jinping will make inroads into those stalled talks at the weekend Group of 20 meeting, providing some buoyancy to assets perceived as risky like U.S. stocks and weakening appetite for...

Oil Prices Rise on Drop in U.S. Crude Stocks, Refinery Outage
Wednesday, 26 June 2019 18:33 WIB | Minyak WTI brent oil Oil, Crude Oil

Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected. Front-month Brent crude futures, the international benchmark, were up 84 cents at $65.89 per barrel by 0948 GMT. They earlier touched their highest since May 31 at $66.25 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $58.91 per barrel, up $1.08 from their last settlement. WTI earlier hit its highest level since May 30 at $59.13 a barrel. Philadelphia Energy Solutions is expected to seek to permanently...

Dollar Pushes Higher as Markets Dial Back Fed Rate Cut Bets
Wednesday, 26 June 2019 15:50 WIB | DOLLAR

The U.S. dollar edged higher on Wednesday, pulling away from a three month low as markets dialed back expectations for aggressive interest rate cuts by the Federal Reserve next month, but expectations for some monetary easing checked the currencys gains. Expectations for a half percentage point cut at the Feds July meeting receded after St. Louis Fed President James Bullard said Tuesday that such a move "would be overdone". Separately, Fed Chairman Jerome Powell said the central bank is "insulated from short-term political pressures," pushing back against U.S. President Donald...

Gold Prices Drop Amid Powell's Defence of Fed's Independence
Wednesday, 26 June 2019 15:18 WIB | GOLD EMAS

Gold prices dropped on Wednesday in Asia as U.S. Federal Reserve chairman Jerome Powell played down expectations of aggressive rate cut. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell 0.1% to $1,411.95 a troy ounce by 1:32 AM ET (05:32 GMT). Overnight, Powell said the Fed is studying whether the ongoing Sino-U.S. trade war and slowing economic growth warrants a rate cut. But he emphasized that politics wont be a consideration in its decision. Source : Investing.com

GBP/USD retraces from 5-week high amid fewer fresh catalysts from UK
Wednesday, 26 June 2019 08:27 WIB | GBP/USD

While renewed fears of no-deal Brexit and less dovish Fed speak dragged the GBP/USD pair back from a months high, the Cable trades little changed near 1.2690 during early Wednesday. The UK Prime Minister (PM) prospect, Boris Johnson, was on wires via BBC when he reiterated his previous pledge to leave the EU on October 31. He also mentioned using WTO rules if necessary. On the other hand, policymakers from the US Federal Reserve, including the Chairman Jerome Powell, remained less dovish while turning down the odds of the need for an immediate rate cut. During early Wednesday, the...

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PRECIOUS METALS
Gold Prices Pull Back From Nearly 6-Year High as Stock Gains Firm
Wednesday, 26 June 2019 18:58 WIB

Gold futures on Wednesday retreated from a nearly six-year high scored a day earlier amid expected progress on U.S.-China trade talks and a less-dovish-than-hoped Federal Reserve. U.S. Treasury...

ENERGY
Oil Prices Rise on Drop in U.S. Crude Stocks, Refinery Outage
Wednesday, 26 June 2019 18:33 WIB

Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected. Front-month Brent crude...

CURRENCIES
Dollar gains as traders pare bets on a bold U.S. rate cut
Wednesday, 26 June 2019 23:17 WIB

The dollar rose on Wednesday as traders scaled back expectations of an aggressive interest rate decrease next month after comments from Federal Reserve officials that such a move may not be...