Wednesday, 08 July 2020
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Wednesday, 8 July 2020 02:09 WIB

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude futures declined by 24 cents, or 0.56%, to $42.86. West Texas Intermediate crude futures fell 1 cent, or 0.02%, to settle at $40.62 per barrel. œOil prices are lower today on concerns that the surge in coronavirus cases in the U.S. will limit a recovery in fuel demand, RBC said. Sixteen U.S. states have reported record increases in new COVID-19 cases in the first five days of July, according to a Reuters tally. Source:...

RECENT NEWS
Grim Data Keeps Euro, Sterling Under Pressure
Tuesday, 30 June 2020 19:08 WIB | Euro pound Sterling,

A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for. The common currency lost further ground against the dollar in morning trading after underlying price pressures dropped again in the euro zone, underscoring fears that consumer price growth will remain anaemic for years. Separately, Britain's Office for National Statistics said the economy shrank by 2.2% between January and March, its worst performance...

Oil Prices Slip on Demand Worries, Prospect of Libyan Supply Return
Tuesday, 30 June 2020 18:32 WIB | Minyak WTI Brent Oil,

Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya's state oil company flagging progress on talks to resume exports. U.S. West Texas Intermediate (WTI) crude futures fell 51 cents, or 1.28%, to trade at $39.19 per barrel, having jumped 3% on Monday. Brent crude futures for September fell 17 cents, or 0.2%, to $41.68 a barrel, paring Monday's 92-cent gain. The less active August contract, which expires on Tuesday, fell 52 cents, or 1.25%, to trade at $41.17 per barrel, after gaining 69...

Dollar stable, markets torn between upbeat data and virus fears
Tuesday, 30 June 2020 15:36 WIB | DOLLAR Currency Indeks Dolar

The dollar held on to modest gains on Tuesday as upbeat U.S. home sales and Chinese factory data left traders torn between optimism about global growth rebounding and fears a surge in new COVID-19 cases could jeopardise a swift V-shaped recovery. California and Texas saw record rises in new infections on Monday while in Britain, a reinforced lockdown was imposed in the city of Leicester. A warning from U.S. Federal Reserve Chair Jerome Powell that the outlook for the world's biggest economy was "extraordinarily uncertain", however, kept investors on their toes. Against a basket of...

Gold Muted Amid Concerns of Stock Market Sell-off
Tuesday, 30 June 2020 15:12 WIB | GOLD EMAS

Gold prices are largely unchanged for a second day as traders seem cautious. Concerns that stocks may drop sharply and drive profit-taking in gold, as they did on Friday, could be weighing on traders' minds, says Jeffrey Halley, market analyst at OANDA. New York futures are hovering around $1,780 a troy ounce and are last up 0.3% at $1,787.10 an ounce. "Gold traders appear to be content to await further developments from the side-lines," says Halley. Recent stock sell-offs have hit gold as investors have sold profitable positions in the precious metal to cover losses elsewhere and fear of...

Oil Down Over Oversupply Fears
Tuesday, 30 June 2020 13:45 WIB | Minyak WTI Brent

Oil was down on Tuesday morning in Asia, giving up its gains from the previous session as demand worries dampened investor sentiment. Libya's state oil company National Oil Corporation said overnight that it was making progress on talks with neighboring countries to lift an export blockade, leading to fears of an oversupply in the midst of fragile demand. The country makes up around 1% of global oil supply. Demand recovery has been hit by ever-increasing COVID-19 numbers, with global cases topping 10.2 million as of June 30, according to Johns Hopkins University data. Brent oil futures...

Gold Up Over Rising COVID-19 Numbers
Tuesday, 30 June 2020 13:37 WIB | GOLD EMAS

Gold was up on Tuesday morning in Asia and looked set to close the second quarter of the year with its biggest quarterly advance since 2016. Gold futures were up by 0.11% at $1,783.15 by 1:16 AM ET (6:16 AM GMT). Investors looked to the safe-haven asset amid the ongoing COVID-19 virus continuing to wreak havoc globally. There are over 10.2 million cases globally as of June 30, according to Johns Hopkins University. The World Health Organization also issued a grim warning that the world could still see the worst of the pandemic due to a lack of global cooperation. Source : Investing.com

Dollar Retreats, With Investors Balancing Positive Chinese Data with Ever Increasing COVID-19 Numbers
Tuesday, 30 June 2020 11:47 WIB | DOLLAR

The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Managers Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June 30 according to Johns Hopkins University data. U.S. Federal Reserve Chair Jerome Powell warned on Monday that the outlook for the U.S. economy is "extraordinarily uncertain" and is dependent on the virus being contained and government...

Gold Heads for Biggest Quarterly Gain Since 2016 on Virus Woes
Tuesday, 30 June 2020 09:44 WIB | GOLD EMAS

Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the ongoing coronavirus outbreak, which shows no signs of abating. Bullion rose as the World Health Organization warned that the worst of the pandemic is still to come because of a lack of global solidarity. Deaths have surpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data. Investors will also be closely watching comments from Federal Reserve Chair Jerome Powell due later Tuesday. In remarks prepared for...

Nikkei 255 Ekonomi inggris SahamAS Australia Opec Minyak Mentah Korea Utara Data Pekerjaan USD/JPY, Dolar Spot S & P 500 Indek stoxx europe 600 PMI U.K. ekonomi China Retail Sales Indeks Stoxx 600
PRECIOUS METALS
Gold futures log highest finish since September 2011
Wednesday, 8 July 2020 01:13 WIB

Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session. Prices had seen a "routine downside correction following recent...

ENERGY
Oil moves lower as Covid-19 cases spark demand fears
Wednesday, 8 July 2020 02:09 WIB

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude futures declined by 24 cents,...

CURRENCIES
Dollar Edges Higher As Virus Worries Sap Risk Appetite
Tuesday, 7 July 2020 23:29 WIB

The U.S. dollar inched higher against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups...