Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil consumer, behind the United States. On Friday, U.S. West Texas Intermediate crude futures fell 2.5%, or $1.40, to settle at $54.19. At the session low WTI hit $53.85, its lowest level since Oct. 31. This was the fourth straight day...

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The euro and the British pound fell to multi-week lows against the firmer U.S. dollar on Thursday as weak economic data out of the euro zone and concerns over Brexit weighed. EUR/USD dipped 0.1% to 1.1249 by 03:44 AM ET (08:44 GMT), the weakest level since mid-November after data showing that Germanys GDP was flat in the fourth quarter, after a 0.2% contraction in the previous quarter. The...

The pound declines for a second day ahead of PM Mays motion in parliament; faces a revolt from euroskeptic lawmakers from within her own party because they perceive it to take a no-deal exit from the EU off the table. Sterling down 0.2% to $1.2814, lowest level since Jan. 15; declines 0.1% to 87.73 pence per euro Members of the anti-EU European Research Group met with Chief Whip Julian...

Gold rises as contained inflation data bolstered the Federal Reserves decision to go slow on raising rates, while investors track high-level trade talks between U.S., China in Beijing. Spot gold +0.2% to $1,308.35/oz at 7:11am in London. Bloomberg Dollar Spot Index -0.1% after ending Weds at highest since Jan. 2; index is heading for first back-to-back weekly gains this...

Oil prices extended their gains on Thursday in Asia on U.S.-China trade hopes. Positive China data was also cited as supportive. U.S. Crude Oil WTI Futures were at $54.31 per barrel at 1:00 AM ET (06:00 GMT), up 0.8%, from their last settlement. International Brent Oil Futures were up 0.9%, at $64.19 a barrel. Oil prices rose amid optimism that the world's biggest economies were close to...

The Australian dollar rose as Chinese exports grew more than forecast in January, adding to optimism over the high-level trade talks between the U.S. and China. AUD/USD gained as much as 0.4% to 0.7120 as Chinese shipments in January rose 9.1% on year, beating estimates for a 3.3% decline. President Donald Trump is considering pushing back the deadline for imposition of...

Gold prices inched up on Thursday on expectations that the U.S. Federal Reserve will hold rates steady this year, while investors hoped for developments in trade talks between Washington and Beijing. Spot gold was up 0.2 percent at $1,308.20 per ounce, as of 01:05 GMT. U.S. gold futures were down 0.3 percent at $1,311. U.S. consumer prices were unchanged for a third straight month in January,...

The dollar held near 3-month highs against the euro on Thursday, benefiting from sustained strength in core U.S. inflation and weak data out of Europe. Although headline U.S. inflation growth logged its weakest pace in 1-1/2-years in January, traders focused on the core price gauge, which was up for the third straight month and gave the dollar some impetus. The greenback was hit earlier this...

Oil held gains as investors await outcome of high-level trade talks between the U.S. and China, while American imports and crude stockpiles at the nation's key storage hub declined. Futures in New York were little changed after climbing 1.5 percent on Wednesday. President Donald Trump signaled progress in negotiations with China. Government data showed U.S....

PRECIOUS METALS
Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to...
ENERGY
Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth
Saturday, 25 January 2020 03:00 WIB Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand...
CURRENCIES
Dollar Rises vs Euro as European PMI Data Fails to Impress
Friday, 24 January 2020 23:32 WIB The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that...

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