AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in early Asia. China's Caixin Manufacturing PMI, which focuses on small and medium-sized export-oriented units, rose to 50.1 index points in March, beating the estimated rebound to 46.00 from February's 40.3 by a big margin. A reading above 50 indicates expansion. So far, however, the upbeat data has failed to put a bid under the Aussie dollar. The AUD/USD pair is flashing red even though the RBA...

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RECENT NEWS

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity. Brent crude futures fell $1.04, or 3.75%, to $26.35 a barrel by 08:34 GMT. West Texas Intermediate (WTI) crude futures fell 94 cents, or 3.8%, to $23.55...

Euro Benefits From Talk of Corona Bonds

Thursday, 26 March 2020 16:10 WIB

The euro has posted gains Thursday amid talk of a new debt instrument to combat the coronavirus outbreak as the death toll rises and the economic damage becomes more stark. At 4:10 ET (0810 GMT), EUR/USD traded at 1.0938, up 0.5%. Elsewhere, the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.580, down 0.4%.  USD/JPY fell 0.7% to...

Gold prices fell on Thursday as investors scurried for liquid cash while awaiting the passage of a $2 trillion dollar U.S. stimulus package to combat the economic impact of the coronavirus epidemic. Spot gold fell 0.6% to $1,604.16 per ounce by 0038 GMT. U.S. gold futures were up 0.3% at $1,639 an ounce. Republican and Democratic leaders of the U.S. Senate hoped to vote on Wednesday on the $2...

Oil prices dropped on Thursday morning in Asia as the COVID-19 pandemic hit demand. Oil prices could not hold onto gains from the last session even as the U.S. Senate reached agreement on a $2 trillion relief package. International Brent Oil Futures fell 0.77% to $27.17 by 10:01 PM ET (02:01 AM GMT) and U.S. Crude Oil WTI Futures fell 1.35% to $24.15. Oil demand is continuing to take a hit as...

Gold prices fell on Thursday as investors scurried for liquid cash while awaiting the passage of a $2 trillion dollar U.S. stimulus package to combat the economic impact of the coronavirus epidemic. Spot gold fell 0.6% to $1,604.16 per ounce by 0038 GMT. U.S. gold futures were up 0.3% at $1,639 an ounce. Republican and Democratic leaders of the U.S. Senate hoped to vote on Wednesday on the $2...

Oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity. West Texas Intermediate (WTI) crude futures slipped 4 cents, or 0.2%, to $24.45 as of 0018 GMT, while Brent crude (LCOc1) futures rose 12 cents, or 0.4%,...

The dollar fell against the yen on Thursday before data expected to show a surge in U.S. claims for unemployment benefits as companies lay off workers due to the rapid spread of the coronavirus. The pound extended declines against the euro and the dollar due to lingering worries that Britain is not adequately prepared to deal with an increase in coronavirus cases after the flu-like illness...

Oil futures ended higher Wednesday, giving up earlier declines as optimism surrounding the $2 trillion U.S. econonic stimulus package eventually helped to calm some worries about growing supply amid a price war between Saudi Arabia and Russia. West Texas Intermediate crude for May tacked on 48 cents, or 2%, to settle at $24.49 a barrel on the New York Mercantile Exchange after trading as low as...

PRECIOUS METALS
Gold Holds Biggest Drop in 2 Weeks on China Economy
Wednesday, 1 April 2020 09:28 WIB Gold held the biggest decline in more than two weeks amid signs China™s economy may be improving, although the coronavirus pandemic remains a...
ENERGY
Oil prices mixed, U.S. inventory build-up heightens oversupply concerns
Wednesday, 1 April 2020 09:06 WIB Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global...
CURRENCIES
AUD/USD keeps losses after big beat on China Caixin PMI
Wednesday, 1 April 2020 09:33 WIB AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red...

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