Tuesday, 07 July 2020
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Tuesday, 7 July 2020 02:53 WIB

Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices. Brent crude settled at $43.10 a barrel, up 30 cents. U.S. West Texas Intermediate (WTI) crude settled at $40.63 a barrel, down 2 cents. Production by the Organization of the Petroleum Exporting Countries (OPEC) has fallen to its lowest in decades. OPEC and other producers including Russia, collectively known as OPEC+, have agreed to lower output by a record 9.7 million barrels per day (bpd) for a third...

RECENT NEWS
Gold Scores Gains For The Day And Week as The Fed Reinforces Rate-Cut Hopes
Saturday, 13 July 2019 01:16 WIB | GOLD EMAS

Gold futures ended higher on Friday to build a gain for the week, after Federal Reserve Chairman Jerome Powell this week did nothing to dispel expectations for an interest rate cut later this month. The recent dovish comments from the Federal Reserve are œhelpful to gold, said George Gero, managing director at RBC Wealth Management, in daily commentary. œTraders still buy good dips, so gold has seen bargain hunters active [during] each major setback recently. Gold is likely to see a trading range of $1.400-$1,450 for now, he added. Gold for August delivery on Comex rose $5.50, or...

Gold on track to end upbeat week on positive note as Fed reinforces rate-cut hopes
Friday, 12 July 2019 19:38 WIB | GOLD EMAS Spot Emas

Gold futures edged higher Friday, on track to end an upbeat week on a positive note after Federal Reserve Chairman Jerome Powell did nothing to dispel expectations for a rate cut later this month and the U.S. dollar came under renewed pressure. Gold for August delivery on Comex rose $2.90, or 0.2%, to $1,409.60 an ounce, and was on track for a weekly rise of 0.7%. September silver was off 0.1 cent at $15.145 an ounce, but on track for a 0.9% weekly rise. Powell testified before Congress Wednesday and Thursday. The Fed chief offered no pushback against expectations that policy makers will...

Oil Prices on Track for Weekly Jump as Storm Fears Trump Supply Glut Concerns
Friday, 12 July 2019 19:32 WIB | Minyak WTI Minyak jenis Brent

Oil prices were on track for a sharp weekly gain as concerns over tropical storm Barry hitting supply outweighed worries of a global supply glut. New York-traded West Texas Intermediate crude futures gained 7 cents, or 0.1%, to $60.27 a barrel by 7:57 AM ET (11:57 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., traded up 22 cents, or 0.3%, to $66.74. WTI oil and Brent have risen 4.8% and 3.9%, respectively, this week as Tropical Storm Barry continues to threaten production in the Gulf of Mexico where output has already been cut by more than half. The storm,...

Gold Advances as Powell's Comments Counter Inflation
Friday, 12 July 2019 16:47 WIB | GOLD EMAS Spot Emas

Gold headed for a weekly gain as investors weighed dovish comments by the Federal Reserve and fresh complaints from President Donald Trump about China's trade policy. While strong U.S. inflation data Thursday offered a potential complication to the Fed ahead of its rate meeting later this month, Fed Chair Jerome Powell suggested there is room to ease monetary policy. Yields on 10-year Treasuries slipped from a one-month high and the dollar weakened. Spot gold +0.3% to $1,407.51/oz in London, after -1.1% on Thursday. Prices head for +0.7% this week. Source :...

U.S. Dollar Falls on Continued Fed-Driven Momentum
Friday, 12 July 2019 15:28 WIB | Indeks Dolar Dolar AS

The U.S. dollar extended losses made earlier this week on continued Fed-driven momentum. The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 96.532 by 1:10 AM ET (05:10 GMT). Data from the Labor Department that showed an increase in inflation and lower-than-expected initial jobless claims failed to lift the dollar today. However, the data dampened financial market expectations of a more aggressive 50 basis point cut at the Fed's July 30-31 meeting. The AUD/USD pair and the NZD/USD pair both traded 0.4% higher. The USD/JPY pair fell 0.1% to...

Oil Prices Rise Amid Mexican Storm; OPEC Forecast Report In Focus
Friday, 12 July 2019 13:08 WIB | Minyak WTI Brent Minyak Mentah Oil,

Oil prices rose on Friday in Asia after U.S. oil producers cut more than half of Gulf of Mexico crude output due to Tropical Storm Barry, which is expected to make landfall over the weekend. U.S. Crude Oil WTI Futures were up 0.6% to $60.55 by 12:24 AM ET (04:24 GMT). International Brent Oil Futures also gained 0.6% to $66.94. Meanwhile, in its latest monthly report released Thursday, the Organization of the Petroleum Exporting Countries (OPEC) forecast global oil demand will rise by 1.14 million barrels per day (bpd) next year, matching the projection for 2019. But the cartel forecast an...

Gold gains on U.S.-China trade jitters, rate cut hopes
Friday, 12 July 2019 09:11 WIB | GOLD EMAS

Gold prices rose on Friday and were on track for a weekly gain, as worries over renewed U.S.-China trade tensions and expectations of a rate cut by the Federal Reserve boosted demand for the safe-haven metal. Spot gold was up 0.4% at $1,408.62 per ounce as of 01:33 GMT. Gold has risen nearly 0.6% so far this week. U.S. gold futures were up 0.2% at $1,410 an ounce. U.S. President Donald Trump said on Thursday that China was not living up to promises it made on buying agricultural products from American farmers. Source : Reuters

Oil prices rise amid Gulf of Mexico storm, Middle East tensions
Friday, 12 July 2019 08:43 WIB | Minyak WTI Brent Minyak Mentah Oil,

Oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East. Brent crude futures were up 37 cents, or 0.6%, at $66.89 per barrel by 01:15 GMT. The international benchmark settled down 0.7% on Thursday after hitting its highest since May 30 at $67.52 a barrel. U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.54 a barrel. The U.S. benchmark closed 0.38% lower on Thursday after marking its highest since May 23 at $60.94. By Thursday, oil...

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PRECIOUS METALS
Gold futures finish higher, near 1-week high
Tuesday, 7 July 2020 01:35 WIB

Gold futures moved higher on Monday, building on last week's climb to mark their highest finish in almost a week. The ICE U.S. Dollar Index was down 0.4% in Monday dealings, providing a boost to...

ENERGY
Oil steady as hopeful economic data face spike in virus cases
Tuesday, 7 July 2020 02:53 WIB

Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices. Brent...

CURRENCIES
Sterling Falls vs Euro, Steady vs Dollar; Chancellor's Support Measures in Focus
Monday, 6 July 2020 15:46 WIB

The pound fell against the euro, as the common currency rose on Monday, and held steady against the U.S. dollar, as traders looked ahead to this month's Brexit negotiations and more government...