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Friday, 3 July 2020 22:04 WIB

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said on Thursday that payrolls surged in June but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has regained just over a third of an historic plunge of 20.787 million jobs lost in April. Against a basket of currencies, the dollar rose less than 0.1%, to 97.249 at 13:53 GMT. Friday saw its...

RECENT NEWS
Oil Edges Lower With Virus Fear Offset by U.S. Stockpiles Draw
Thursday, 2 July 2020 08:10 WIB | Minyak WTI Brent

Oil edged lower as the re-imposition of anti-virus measures in parts of the U.S. was partially offset by a bigger-than-expected draw in American crude stockpiles and plunging output from OPEC producers. Futures in New York traded near $40 a barrel dipped after rising 1.4% Wednesday as the Energy Information Administration reported U.S. inventories shrunk by 7.2 million barrels last week, the most this year. Sentiment was also aided by a survey showing OPEC output fell to the least since 1991 last month. The coronavirus continues to run rampant through the...

Oil futures score a gain for the session as U.S. supplies show biggest weekly drop of the year
Thursday, 2 July 2020 02:15 WIB | Minyak WTI

Oil futures settled higher on Wednesday after U.S. government data showed that domestic crude supplies fell by 7.2 million barrels last week, the largest weekly decline so far this year. The fall in stockpiles also followed three consecutive weeks of increases. August West Texas Intermediate oil rose 55 cents, or 1.4%, to settle at $39.82 a barrel on the New York Mercantile Exchange. Source: Marketwatch

Gold futures end lower a day after highest finish since 2011
Thursday, 2 July 2020 01:28 WIB | GOLD EMAS

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he said. August gold fell $20.60, or 1.1%, to settle at $1,779.90 an ounce. Prices settled at $1,800.50...

Gold prices retreat to start July after the notching their highest finish since 2011
Wednesday, 1 July 2020 18:58 WIB |

Gold futures were drifting lower Wednesday after topping $1,800 and marking the highest finish since in about nine years Tuesday, as uncertainty about the economic recovery from the coronavirus pandemic underpinned demand for the safe haven. Concerns about the spread of COVID-19 and stimulus from governments and global central banks to limit the harmful impact of the contagion is expected to foster an environment ripe for the rise of gold to further records, gold bulls predict. August gold was $5.50, or 0.3%, lower at $1,795 an ounce, after notching the highest finish for a most-active...

Oil rises after sharp drop in U.S. crude inventories
Wednesday, 1 July 2020 18:47 WIB | Minyak WTI Minyak Mentah Minyak Brent

Oil prices rose on Wednesday after an industry report showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude rose $1.09, or 2.7%, to trade at $42.38 per barrel, after declining more than 1% on Tuesday. U.S. crude was up $1.13, or 2.88%, at $40.40 a barrel, having dropped by 1.1% in the previous session. Crude inventories dropped by 8.2 million barrels to 537 million barrels, against analysts forecasts for a draw of 710,000 barrels. Source : Reuters

Dollar Edges Up, Euro Slips; U.S. Economic Data in Focus
Wednesday, 1 July 2020 18:30 WIB | DOLLAR Euro Dolar AS

Improved European economic data boosted risk appetite on Wednesday, while the euro slipped and the dollar index rose slightly as markets balanced hopes for a global economic recovery with surging COVID-19 infections in the United States. With transmission rates of the coronavirus falling in much of Europe, and economies opening up, IHS Markit's final euro zone Manufacturing Purchasing Managers' Index (PMI) moved closer to the 50-mark separating growth from contraction in June. Germany's manufacturing sector also contracted at a slower pace as Europe's largest economy lifted...

Gold Pushes Higher After Best Quarter in Four Years
Wednesday, 1 July 2020 15:19 WIB | GOLD EMAS

Gold is continuing to rise after setting its best quarter in four years due to coronavirus concerns and negative real interest rates. Spot gold is up 0.5% at $1,788.75 a troy ounce, while futures are up 0.3% at $1,805.80 an ounce. Investors are watching U.S. inflation-adjusted Treasury bonds for gold clues. Those bond's yields--known as real yields--are currently negative, meaning investors must pay to own them. This makes gold a more attractive haven and a cheaper hedge against inflation. "The negative relationship between U.S. 10 year real yields and gold has been the most reliable...

Dollar Steadies, Yen Gains; European Economic Data in Focus
Wednesday, 1 July 2020 15:08 WIB | DOLLAR Yen Euro Dolar AS

Currency traders were broadly cautious in early London trading on Wednesday, with the Japanese yen seeing its first session of gains in more than a week, before key European and U.S. economic data. The dollar rose overnight before erasing gains, ahead of U.S. manufacturing data for June, which is expected to show a rebound in activity. The dollar was up around 0.2% on the day at 97.407 against a basket of currencies at 07:32 GMT, European economic data was also in focus, with eurozone manufacturing PMI due at 08:00 GMT, and German unemployment data at 07:55 GMT. The euro was broadly flat...

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PRECIOUS METALS
Gold flat as virus fears offset gains in equities
Friday, 3 July 2020 17:11 WIB

Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic...

ENERGY
Crude Oil Lower; OPEC Disputes and Virus Cases Weigh
Friday, 3 July 2020 18:59 WIB

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S....

CURRENCIES
Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.
Friday, 3 July 2020 22:04 WIB

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging...