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Saturday, 2 August 2025 04:02 WIB

US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...

RECENT NEWS
Dollar Strengthens Ahead of Inflation Data
Tuesday, 10 December 2024 10:29 WIB | USD

The dollar index held steady around 106.1 on Tuesday, following two consecutive sessions of gains, as investors awaited crucial inflation data later this week that could shape expectations for Federal Reserve policy. On Monday, data revealed that US inflation expectations for the year ahead rose to 3% in November, up from 2.9% in October, signaling ongoing concerns about persistent price pressures. Additionally, last week's data showed stronger-than-expected job growth in November, although the unemployment rate edged up to 4.2%. Despite these mixed signals, markets are currently pricing...

Silver rises to near $32.00
Tuesday, 10 December 2024 09:58 WIB | SILVER

Silver price (XAG/USD) extends its gains for the second day, trading around $32.00 per troy ounce during the Asian hours on Tuesday. The daily chart analysis indicates a bullish bias, with the pair moving upwards within an ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) remains above the 50 mark, further supporting the bullish sentiment. The XAG/USD pair continues to trade above the nine- and 14-day Exponential Moving Averages (EMA), reinforcing a bullish outlook and signaling to strengthen short-term price momentum. This points to increasing buying...

Japanese yen hits one-week low
Tuesday, 10 December 2024 09:22 WIB | DolarYen

The Japanese Yen (JPY) loses ground against its American counterpart for the second consecutive day on Tuesday and lifts the USD/JPY pair to over a one-week high, above mid-151.00s during the Asian session on Tuesday. The uncertainty over how soon the Bank of Japan (BoJ) could raise interest rates again keeps the JPY bulls on the defensive. Furthermore, the overnight bounce in the US Treasury bond yields from October lows undermines the lower-yielding JPY. Apart from this, the post-NFP US Dollar (USD) recovery from a nearly one-month trough, bolstered by expectations for a less dovish...

Gold Holds Gains Ahead of Key US Inflation Report
Tuesday, 10 December 2024 07:45 WIB | GOLD

Gold steadied after a rally as traders shifted focus to a key US inflation report due later this week that could shape expectations ahead of the Federal Reserve's final interest rate decision of the year. Bullion prices held near $2,660 an ounce — near a two-week high — after China's central bank added the precious metal to its reserves for the first time in seven months. Geopolitical concerns also fueled demand for safe-haven assets amid fears of a power vacuum in Syria after Bashar al-Assad was ousted from power over the weekend. Data on Wednesday and Thursday will give Fed officials a...

WTI recovers amid rising geopolitical tensions in Middle East
Tuesday, 10 December 2024 07:25 WIB | Oil,

West Texas Intermediate (WTI), the U.S. crude benchmark, was trading around $67.90 on Tuesday. WTI prices recovered amid rising geopolitical tensions in the Middle East following the fall of Syrian President Bashar al-Assad. Over the weekend, Syrian President Bashar al-Assad and his family fled to Moscow and were granted political asylum, ending 50 years of brutal dictatorship. The fall of the Syrian leader's regime could lead to a conflict involving regional countries, boosting WTI prices. Mitsubishi UFJ Research's Tomochi Akuta noted that these geopolitical risks are driving crude...