Thursday, 27 February 2020
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Thursday, 27 February 2020 20:17 WIB

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50. Governments ramped up measures on Thursday to battle the coronavirus as the number of infections outside China, the source of the outbreak, for the first time surpassed those...

RECENT NEWS
AUD/USD Risks A Move To The 0.6550 Zone - UOB
Wednesday, 26 February 2020 15:39 WIB | AUD/USD, Dollar Australia, Aussie

Further downside could drag AUD/USD to the mid-0.6500s in the next weeks, noted FX Strategists at UOB Group. 24-hour view: œAUD traded between 0.6586 and 0.6622, lower and narrower than our expected sideway-trading range of 0.6590/0.6635. The price action offers no fresh clues and AUD could continue to trade sideways. Expected range for today, 0.6580/0.6625. Next 1-3 weeks: œAUD eked out a fresh low of 0.6585 (one pip below last Fridays 0.6586 low) before recovering. For now, there is no change in our view from Friday (14 Feb, spot at 0.6615) wherein the risk for AUD is on the...

EUR/JPY snaps two-day losing streak to pierce 120.00 amid risk reset
Wednesday, 26 February 2020 12:37 WIB |

EUR/JPY rises 0.20% to 120.07 during the pre-European session on Wednesday. In doing so, the pair bucks the previous two days declines amid a pullback in trade sentiment. The coronavirus (COVID-19) outbreak in Europe has recently grabbed major attention. The latest numbers from Italy suggest 323 confirmed cases including 11 deaths as of 12 AM February 26 local time. Even so, the US 10-year treasury yields recover four basis points (bps) from the record low, tested yesterday, to 1.374% whereas S&P 500 Futures registers 0.60% gains to 3,151 by the press time. The reason could be...

Minyak naik terkait aksi short-covering meskipun meningkatnya kekhawatiran virus corona
Wednesday, 26 February 2020 10:15 WIB | Minyak WTI

Harga minyak mentah naik tipis pada hari Rabu karena investor mengambil posisi covered short pasca penurunan tiga sesi, walaupun semakin adanya kekhawatiran bahwa penyebaran virus corona yang cepat akan menyebabkan pandemi global. Minyak mentah Brent naik 42 sen, atau 0,8%, menjadi $ 55,37 per barel pada 0154 GMT, sementara minyak mentah West Texas Intermediate AS naik 43 sen, atau 0,9%, menjadi $ 50,33 per barel. Namun, kedua tolok ukur turun hampir 7% sejak penutupan Kamis lalu. Kekhawatiran pandemi meningkat setelah virus corona menyebar ke lebih banyak negara, sementara jumlah kematian...

Gold Advances as Virus Fears Reignite Haven Demand
Wednesday, 26 February 2020 09:31 WIB | GOLD

Gold rebounded after the U.S. Centers for Disease Control and Prevention warned Americans to prepare for a potential coronavirus outbreak at home and the total number of cases in South Korean topped the 1,000 mark. Spot gold as much as +0.7% to $1,646.33/oz, and was at $1,643.66 at 9:18am in Singapore Metal -1.5% Tuesday after touching $1,689.31 on Monday, the highest level since 2013 Bloomberg Dollar Spot Index steady after -0.2% Tuesday Other precious metals: Silver +0.7% to $18.1214/oz. Platinum +0.3% to $930.42/oz. Palladium -0.4% to...

AUD/JPY holds above Tuesday's low despite weak Aussie data
Wednesday, 26 February 2020 08:33 WIB |

The downside momentum in AUD/JPY looks to have stalled in Asia. The pair is currently trading near 72.68, representing marginal losses on the day. While the pair is flashing red, it is still holding above the low of 72.52 registered on Tuesday. Big miss on Aussie data The data released at 00:30 GMT showed Australia's Construction Work Done (Q4) contracted 3% compared to expectations for a 1% drop and down from the previous quarter's 0.4% growth. So far, however, the below-forecast construction data, which feeds into the gross domestic product, has failed to move the needle in the Aussie...

Oil falls 3% to settle under $50 for first time in 2 weeks
Wednesday, 26 February 2020 02:53 WIB | Minyak Brent Minyak Mentah Minyak WTI

Oil fell below $55 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses. Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European equities suffered their steepest declines since mid-2016 on concern the coronavirus outbreak could turn into a pandemic. Brent crude fell $1.48 to trade at $54.86 per barrel. U.S. West Texas Intermediate crude slipped $1.53 to settle at $49.90 per barrel, its first settle under the key $50 level...

Gold futures give back most of their gain from a day earlier
Wednesday, 26 February 2020 01:51 WIB | GOLD EMAS

Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier. "While economic growth concerns surrounding the coronavirus were the most recent impetus supporting gold prices, there is very little reason for gold prices to move significantly lower given the current global environment," said Jeff Klearman, portfolio manager at GraniteShares. "Gold prices have benefited from three main factors, including heightened investor appetite for safe haven investments, continued accommodative fiscal and central bank monetary policies globally, and...

GBP/USD Breaks Above 1.30 as Coronavirus Fears Send USD Down
Tuesday, 25 February 2020 23:35 WIB | GBP/USD pound DOLLAR

The US dollar is falling alongside ten-year treasuries. Coronavirus fears have risen as three more European countries have confirmed cases of the respiratory disease. American markets initially opened higher before turning down. Investors are flocking into the safety of bonds, pushing returns on treasuries lower and making the greenback less attractive. The pound is not reacting to Brexit headlines. The EU has published its 46-page mandate for negotiating with the UK about post-Brexit future relations. The rhetoric remains elevated between both sides of the Channel. GBP/USD has surpassed...

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PRECIOUS METALS
Gold Gains on Virus Spread, Rate Cut Hopes
Thursday, 27 February 2020 20:17 WIB

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium...

ENERGY
Oil Falls For Fifth Day on Demand Concerns as Coronavirus Spreads
Thursday, 27 February 2020 18:39 WIB

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global...

CURRENCIES
Euro, Pound Gain Ahead of Trade Talks; U.S. Dollar Slips on Virus Worries
Thursday, 27 February 2020 16:01 WIB

The Euro and the pound both traded higher on Thursday in Asia ahead of U.K. and EU trade talks that were set for March 2. The EUR/USD pair and the GBP/USD pair rose 0.3% and 0.2% respectively by...