Thursday, 27 February 2020
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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 economy and lower crude demand. Brent crude was down 60 cents, or 1.1%, at $52.83 a barrel at 0741 GMT. The contract earlier fell to as low as $52.53, the lowest since Jan. 2, 2019. West Texas Intermediate (WTI) futures fell by 55 cents, or 1.1%, to $48.18 a barrel. It earlier fell to as low as $47.82, the lowest since Jan. 4, 2019. In the five trading sessions through Thursday, Brent has...

RECENT NEWS
Oil posts 6th positive session in 7 on smaller-than-expected inventory build
Friday, 21 February 2020 03:09 WIB | Minyak Brent Minyak Mentah Minyak WTI

Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China. Data from the U.S. Energy Information Administration (EIA) showed that crude inventories rose only 414,000 barrels last week, compared with expectations of a 2.5 million barrel rise from analysts in a Reuters poll. Brent crude rose 47 cents, or 0.8%, to $59.59 per barrel. The front-month U.S. West Texas Intermediate crude futures contract, which expires Thursday, gained 49 cents, or 0.9%, to...

Gold futures mark highest settlement in 7 years
Friday, 21 February 2020 01:51 WIB | GOLD

Gold futures climbed on Thursday for a sixth consecutive session to log their highest settlement since February 2013. "Coronavirus fears magnetized investors towards safe-haven assets," said Lukman Otunuga, senior research analyst at FXTM. "With the virus outbreak fostering uncertainty, unease and anxiety across the board, gold is set to shine through the chaos." April gold rose $8.70, or 0.5%, to settle at $1,620.50 an ounce. Source: Marketwatch

Oil Steady After 7-Day Rally on Supply Outlook and Stimulus Hope
Thursday, 20 February 2020 19:40 WIB | Brent WTI Minyak

Oil steadied in London after the longest rally in a year on signs of tighter global supply, and hopes that Chinese economic stimulus will cushion fuel demand from the impact of the coronavirus. Brent traded near $59 a barrel after gaining 11% during a seven-day advance. The U.S. projected that shale output, which has kept markets awash with oil for years, will see only limited growth next month. The halt of exports from OPEC member Libya is showing no signs of ending, and American sanctions on Rosneft PJSCs trading unit could impede shipments from Venezuela. The...

Gold Falls from Near 7-yr Peak as China Acts to Support Economy
Thursday, 20 February 2020 19:15 WIB | EMAS GOLD

Gold edged lower on Thursday after China announced more measures to limit the economic impact from coronavirus epidemic, although a rise in number of new cases in South Korea kept bullion close to a near seven-year peak. Spot gold was down 0.1% at $1,610.31 per ounce. U.S. gold futures rose 0.1% to $1,613.30. Gold rose to its highest since March 2013 at $1,612.62 in the previous session on concerns of the economic impact of the virus outbreak. Source : Reuters

GBP/USD Holds Steady Above 1.2900 Mark Post-UK Retail Sales
Thursday, 20 February 2020 17:15 WIB | GBP/USD Poundsterling

The GBP/USD pair edged higher to fresh session tops, around the 1.2920-25 region post-UK macro data, albeit lacked any strong follow-through. According to the data released this Thursday, the UK monthly retail sales recorded a growth of 0.9% in January as compared to 0.7% expected and the previous month's fall of 0.5% (revised higher from -0.6% reported earlier. Adding to this, the yearly rate also bettered expectations and came in to show a rise of 0.8%, though was still below the 0.9% growth posted in December. Meanwhile, sales excluding fuel increased by 1.6% MoM and 1.2% YoY, again...

Gold Prices Steady as China Cuts Benchmark Rate to Support Economy
Thursday, 20 February 2020 16:22 WIB | EMAS GOLD

Gold prices steadied on Thursday in Asia as China said its cutting its benchmark lending rate to prop up the economy. Gold Futures for April delivery was little changed at $1,611.15 by 1:25 AM ET (05:25 GMT). On Thursday, the Peoples Bank of China said its one-year loan prime rate (LPR) was lowered by 10 basis points to 4.05% from 4.15% at the previous monthly fixing. The five-year LPR was lowered by 5 basis points to 4.75% from 4.80%. The decisions came as a new coronavirus outbreak, which has caused over 2,000 deaths in the country and almost 75,000 infections, caused widespread...

Yen Near 9-Month Lows, Euro stays on the Back Foot
Thursday, 20 February 2020 15:50 WIB | mata uang yen Euro Yen DOLLAR

The safe haven yen was trading close to nine-month lows against the dollar on Thursday as risk appetite was underpinned by expectations that China will continue with steps to offset the economic impact of the coronavirus epidemic. The dollar was trading at 111.69 against the Japanese currency by 3:07 ET (8:08 GMT), not far from the highest level since May 2019. The yen dropped 1.3% on Wednesday, its largest one-day percentage decline since August. The number of new coronavirus cases dropped for a second straight day in China. China's central bank lowered its benchmark lending interest...

Gold Eases From 7-Year Peak as China Bids to Cushion Virus Impact
Thursday, 20 February 2020 12:53 WIB | EMAS GOLD

Gold prices fell slightly on Thursday, after hitting their highest since March 2013 in the previous session, as Chinese stimulus measures to cushion the economic impact of the coronavirus outbreak stoked investors to opt for riskier assets. Spot gold was down 0.1% at $1,609.59 per ounce, as of 0253 GMT. Bullion rose to an intraday high of $1,612.62 in the previous session, the highest since March 25, 2013. U.S. gold futures were flat at $1,612.20. Chinas central Hubei province had 349 new confirmed cases of coronavirus on Wednesday, the provinces health commission said, down from...

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PRECIOUS METALS
Gold Gains on Virus Spread, Rate Cut Hopes; Palladium Surges to Record
Thursday, 27 February 2020 17:19 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...