Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest level for a front-month contract since June 30, according to Dow Jones Market Data. Global benchmark...

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RECENT NEWS

The EUR/USD pair continues to consolidate Fridays bounce from near 1.1240 region, as the bears guard the 1.1275 barrier amid a broad US dollar rebound following last weeks declines. So far this Monday, the US dollar is seen extending its tepid recovery across the board from five-day lows of 96.72 amid an uptick in the 10-year Treasury yields, which keeps the upside capped in the...

Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the worlds second-largest economy. Spot gold was flat at $1,415.34 per ounce as of 0100 GMT. U.S. gold futures were up 0.3% at $1,416.50 an ounce. Source : Reuters

With Chinas headline economic data clocking better than forecast prints, AUD/USD surges to early-month high while trading near 0.7022 on early Monday. Chinas June month Retail Sales and Industrial Production cleared 8.3% and 5.2% expectations for yearly figures while clocking in 9.8% and 6.3% respective growth numbers. The Gross Domestic Product for the second quarter (Q2) of 2019 matched...

Oil prices carried over a bullish tone from last week after Tropical Storm Barry shut down almost three-quarters of U.S. Gulf of Mexico production over the weekend. Futures in New York were up slightly, after gaining 4.7% last week. Barry weakened to a tropical depression Sunday, with some producers preparing to re-staff their offshore platforms. As of Sunday, Barry caused nearly...

U.S. oil futures ended the week with nearly 5% gain Friday, as ongoing tensions between the U.S. and Iran continued to raise the risk to oil flow in the Middle East. Prices for the session, however, barely budged despite further storm-related declines in Gulf of Mexico oil and natural-gas production. Futures prices "have not reacted much because this storm is not expected to be intense enough...

Gold futures ended higher on Friday to build a gain for the week, after Federal Reserve Chairman Jerome Powell this week did nothing to dispel expectations for an interest rate cut later this month. The recent dovish comments from the Federal Reserve are œhelpful to gold, said George Gero, managing director at RBC Wealth Management, in daily commentary. œTraders still buy good dips, so...

Gold futures edged higher Friday, on track to end an upbeat week on a positive note after Federal Reserve Chairman Jerome Powell did nothing to dispel expectations for a rate cut later this month and the U.S. dollar came under renewed pressure. Gold for August delivery on Comex rose $2.90, or 0.2%, to $1,409.60 an ounce, and was on track for a weekly rise of 0.7%. September silver was off 0.1...

Oil prices were on track for a sharp weekly gain as concerns over tropical storm Barry hitting supply outweighed worries of a global supply glut. New York-traded West Texas Intermediate crude futures gained 7 cents, or 0.1%, to $60.27 a barrel by 7:57 AM ET (11:57 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., traded up 22 cents, or 0.3%, to $66.74. WTI oil and...

PRECIOUS METALS
Gold futures end lower for the session, but tally a 5th straight weekly gain
Saturday, 11 July 2020 01:11 WIB Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week,...
ENERGY
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk
Saturday, 11 July 2020 02:40 WIB Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from...
CURRENCIES
Yen Rises on Renewed Surge In Virus Cases; Dollar Index Falls
Friday, 10 July 2020 23:28 WIB The safe-haven Japanese yen climbed to a two-week peak against the dollar on Friday, lifted by concerns about a surge in coronavirus infections in...

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