Oil futures rallied Thursday, finding support after President Donald Trump tweeted that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman, who held a discussion with Russian President Vladimir Putin, and now expects the two major oil producers to announce a production cut of "approximately 10 Million Barrels." Trump later tweeted that the cut could be as high as 15 million barrels. Saudi Arabia has also called for an "urgent" meeting of OPEC and its allies. News reports, however, said a Russian spokesman denied that Putin spoke with the Saudi crown prince. May West Texas...

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The euro is still struggling for direction early Tuesday in Europe amid reports that the U.S. administration is preparing to impose fresh tariffs on European Union in response to what it perceives as unfair subsidies to aerospace giant Airbus. The news is an unwelcome reminder that the settling of one trade war with China may simply free the U.S. up to launch another with its other major...

AUD/USD is presently trading near two-week high of 0.7140 before the European markets open on Tuesday. The pair gained traction as upbeat Australian housing finance data joined hands with the overall US Dollar weakness. Traders may now concentrate on any updates concerning the US-China trade talks as the economic calendar is in a thin shape. While positive commodity prices and sluggish US data...

Oil held its gain after closing at the highest level since October as an escalation of geopolitical conflicts in Libya and Iran belied technical indicators suggesting the rally is overdone. Futures were steady in New York after gaining 3.7 percent over the previous two sessions. Fighter jets bombed the Tripoli airport in OPEC producer Libyaand U.S. President Donald Trump said he would...

Gold inched higher on Tuesday, trading just below a more than one-week peak hit in the previous session, as Asian equities eased and the dollar weakened following sombre U.S. economic data. Spot gold was up 0.2 percent at $1,299.34 per ounce as of 0101 GMT, after touching its highest since March 28 at $1,303.61 in the previous session. U.S. gold futures gained 0.1 percent to $1,302.80 an...

Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and U.S. sanctions on Iran and Venezuela. International benchmark Brent futures touched their strongest level since last November at $71.34 per barrel on Tuesday, and were still at $71.16 at 0057 GMT,...

The dollar sagged on Tuesday after weak U.S. economic data while commodity-linked currencies such as the Canadian and Australian dollars drew support from an ongoing surge in crude oil prices. The dollar index against a basket of six major currencies stood little changed at 97.083 after losing 0.35 percent the previous day, marking its biggest daily decline since March 20. In addition to...

Oil futures climbed Monday, with U.S. prices above $64 a barrel and marking the highest finish for a front-month contract since the end of October, according to FactSet data. Violence in Libya, combined with ongoing production cuts by OPEC and its allies and U.S. sanctions on Venezuela and Iran, fed expectations over tighter global crude supplies. May West Texas Intermediate oil rose $1.32, or...

Gold futures settled back above $1,300 an ounce on Monday for the first time in a week and a half, buoyed by weakness in the dollar, as benchmark U.S. stock indexes traded mostly lower. June gold climbed by $6.30, or 0.5%, to settle at $1,301.90 an ounce on Comex. That was the first finish above $1,300 and highest settlement for a most-active contract since March 27, according to FactSet...

PRECIOUS METALS
Gold Futures End Higher as Weekly Jobless Claims Climb to Record
Friday, 3 April 2020 01:29 WIB Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6...
ENERGY
U.S. oil prices settle nearly 25% higher; Trump expects a Saudi Arabia-Russia output cut
Friday, 3 April 2020 01:54 WIB Oil futures rallied Thursday, finding support after President Donald Trump tweeted that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman,...
CURRENCIES
Sterling Hits 3-Week High against Euro, Flat vs Dollar
Thursday, 2 April 2020 23:39 WIB Sterling hit a three-week high versus the euro on Thursday and held recent gains versus the dollar, as the British currency was swept up in global...

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