Wednesday, 13 November 2019
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Wednesday, 13 November 2019 09:24 WIB

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot gold +0.2% to $1,458.50/oz at 9:38am in Singapore. Price fell to $1,445.70/oz on Tuesday, the lowest intraday level since Aug. 5 Bloomberg Dollar Spot Index steady after +0.2% Tuesday. Other precious metals: Spot silver +0.3% to $16.825/oz, Palladium -0.2% to $1,699.32/oz, Platinum +0.2% to $870.90/oz. Source: Bloomberg

RECENT NEWS
GBP/USD Drops to Fresh 1-1/2 Week Lows Post-BoE Announcement
Thursday, 7 November 2019 19:36 WIB | Poundsterling GBP/USD

The selling pressure around the British Pound re-emerged post-BoE announcement and dragged the GBP/USD pair to fresh 1-1/2 week lows, around the 1.2820 region. The pair failed to capitalize on its attempted intraday recovery move and met with some fresh supply near 200-hour SMA, around the 1.2880 region. The rejection slide accelerated further after two BoE MPC members “ Saunders and Haskel unexpectedly voted for a 25bps rate cut. Against the backdrop of prolonged Brexit uncertainties and the latest UK political developments, the dovish vote distribution took its toll on the British...

Oil Resumes Gains as Trade Tariff Rollback Counters OPEC Curbs
Thursday, 7 November 2019 19:27 WIB | Brent WTI Minyak

Oil jumped as China and the U.S. made progress in resolving the trade dispute that has weighed on global markets this year, offsetting signs that OPEC and its partners wont make deeper cuts to supply. Brent crude rose as much as 1.5% in London, reversing much of Wednesdays 1.9% decline. China and the U.S. have agreed to proportionally roll back tariffson each others goods in phases, a Chinese Ministry of Commerce spokesman said. OPEC and its allies are more likely to stick to their current output targetswhen the group meets next month, according to delegates across...

Dollar Steady as Trade Developments Eyed; Sterling Edges Up Before BoE
Thursday, 7 November 2019 16:11 WIB | DOLLAR Poundsterling

The dollar was holding steady against a currency basket on Thursday as investors continued to watch developments in Sino-U.S. trade negotiations, while the British pound edged higher ahead of the Bank of Englands latest policy meeting. The U.S. dollar index against a basket of six major currencies was steady at 97.74 by 03:13 AM ET (08:13 GMT). Washington and Beijing must simultaneously cancel some existing tariffs on each other's goods for both sides to reach a "phase one" trade deal, the Chinese commerce ministry said on Thursday. China indicated it was ready to negotiate how much...

Gold Drops as China, U.S. Agree to Roll Back Tariffs
Thursday, 7 November 2019 15:56 WIB | EMAS GOLD

Gold dropped after China said it had agreed with the U.S. to proportionally roll back tariffs on each others goods in phases, curbing demand for haven assets. The amount of tariff relief that would come in the first phase, set to be signed in the coming weeks, will depend on the content of that agreement, Ministry of Commerce spokesman Gao Feng said Thursday without giving further details. The two sides had œconstructive talks in the past two weeks, he said. If confirmed by the U.S., such an understanding could provide a road-map to a deal to end the trade war. Spot...

Gold Treads Water as Trade Caution Stymies Safe-Haven Demand
Thursday, 7 November 2019 12:49 WIB | EMAS GOLD

Gold prices were little changed on Thursday as investors maintained a cautious stance amid signs of a delay in Washington and Beijing signing a long-awaited interim trade deal. Spot gold was trading at $1,491.27 per ounce, as of 0337 GMT, while U.S. gold futures were flat at $1,492.9 per ounce. A senior official of the Trump administration told Reuters on Wednesday a meeting between U.S. and Chinese leaders to sign an interim trade deal could be delayed until December as discussions continue over terms and venue. Source : Reuters

Oil Prices Slip as EIA Reports Higher-Than-Expected Crude Stockpiles
Thursday, 7 November 2019 12:35 WIB | Crude Oil Oil, brent oil Minyak WTI

Oil prices slipped on Thursday in Asia after the Energy Information Administration (EIA) reported that U.S. oil inventories rose much more than market expected last week. U.S. Crude Oil WTI Futures slipped 0.1% to $56.30 by 12:01 AM ET (04:01 GMT). International Brent Oil Futures also inched down $61.67. The EIA said oil stockpiles rose by 7.9 million barrels, compared with expectations from analysts for an increase of about 1.5 million barrels. Gasoline stockpiles fell by 2.8 million barrels, versus an expectation for a draw of 1.8 million barrels. Distillates inventories fell 622,000...

Gold Holds Gain as Investors Weigh Delay to Trade Deal
Thursday, 7 November 2019 09:14 WIB | GOLD EMAS

Gold held a gain as investors weighed the possibility that an initial U.S.-China trade deal may be delayed until next month, and awaited a U.K. rate decision later Thursday. Spot gold little changed at $1,491.34/oz at 9:56am in Singapore after +0.5% on Wednesday. On Tues. price closed at lowest since Oct. 15. Spot silver little changed at $17.6285/oz and is on track to snap three weeks of gains. Platinum -0.2% to $928.08/oz; palladium steady. Presidents Donald Trump and Xi Jinping may not be able to sign a partial deal until December, and two U.S....

AUD/USD keeps losses despite big beat on Australian trade surplus
Thursday, 7 November 2019 07:57 WIB | Dolar AS Dolar Australia, AUD/USD, AussieDolar

AUD/USD is struggling to pick up a strong bid despite a better-than-expected Australian trade data. The country's trade surplus widened to A$7,180 million in September, beating the expected print of A$5,000 million by a big margin. The trade surplus stood at A$5,926 million in August. Exports or outbound shipments rose 3% in September, having dropped by 3% in August. Meanwhile, Imports or inbound shipments also registered a growth of 3%. The uptick in imports could be considered a sign the domestic demand is holding up well following Reserve Bank of Australia's multiple rate cuts. Also,...

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PRECIOUS METALS
Gold Rises From Three-Month Low on Trump Tariff Threat
Wednesday, 13 November 2019 09:24 WIB

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot...

ENERGY
Oil Falls for a Third Day After Trump Damps Trade-Deal Optimism
Wednesday, 13 November 2019 09:13 WIB

Oil fell for a third day as President Donald Trump failed to provide any fresh details on progress toward a limited U.S.-China trade deal. Futures dropped as much as 0.4% in New York after losing...

CURRENCIES
Dollar holds gains as investors cling to trade hopes
Wednesday, 13 November 2019 08:25 WIB

The dollar clung to most of its recent gains on Wednesday after U.S. President Donald Trump said a trade deal with China was œclose but offered no new details on negotiations to send the...