Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude was down 28 cents, or 0.5%, at $59.03 a barrel by 0332 GMT, while U.S. crude was also off by 28 cents, or 0.5%, at $53.60 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. The streets of Daegu, the country's fourth-largest city, were deserted on Thursday after dozens of people there went down with the pathogen in what...

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GBP/USD trades near 1.2915, +0.03%, while heading into the London open. While the markets worry ahead of the key data/events keeps the pair under pressure, the US dollars pullback and recovery in risk-tone seem to help the pair off-late. The EU-UK drama over Brexit continues as The Daily Telegraph conveyed the list of post-Brexit punitive measures by the Brussels whereas Duchy of...

Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China. Brent crude (LCOc1) rose 70 cents, or 1.3%, to $53.97 a barrel by 04:28 GMT, retreating from an intraday high of $54.13. U.S. West Texas Intermediate (CLc1) was up 61 cents, or about 1.2%, at $50.18 a barrel. The number...

Gold steadied after four straight days of gains as investors continued to weigh the potential economic impact of the spreading coronavirus, with some risk-on sentiment coming back into markets. Asian equities opened higher Tuesday after U.S. stocks hit a record high. While there were some signs that the outbreak is peaking, fears still linger as the death toll from the...

AUD/JPY rises to the intra-day high of 73.45 after the release of the second-tier Aussie data on early Tuesday. In doing so, the pair extends the previous days recovery while rising towards the key SMA confluence. Australias December month Home Loans crossed 0.7% forecast to 3.5% whereas Investment Lending for Homes grew past-2.5% upwardly revised prior to 2.8%. Further, January month for...

Oil was mired below $50 a barrel in Asian trade as major producing nations continued to dither over a supply response to the spread of coronavirus and its impact on global demand. Futures in New York rose 0.4%, after tumbling 1.5% Monday to their lowest in a year. The Organization of Petroleum Exporting Countries is unlikely to meet in February to discuss the effect of the virus on...

Oil prices fell on Monday, with U.S. benchmark prices under $50 a barrel to settle at their lowest since January 2019. The spread of coronavirus has fueled expectations for a slowdown in the global economy and energy demand. March West Texas Intermediate oil fell 75 cents, or 1.5%, to settle at $49.57 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish...

Gold futures climbed on Monday to tally a fourth consecutive gain, as investors fretted about the economic impact on China of the fast-moving outbreak of the coronavirus. Gold for April delivery on Comex rose $6.10, or 0.4%, to settle at $1,579.50 an ounce, scoring a fourth consecutive gain, with the most-active contract at its highest finish in a week. The bullion on Friday showed a 0.9%...

Gold rose to a near one-week high on Monday as mounting concerns about the impact from China's coronavirus lifted the appeal of safe-haven assets, after the number of casualties exceeded 900. Spot gold rose 0.13% to $1,571.97 per ounce, having hit its highest since Feb. 4 at $1,576.21 earlier in the session. U.S. gold futures were up 0.2% at $1,576.50. Global shares fell as the death toll from...

PRECIOUS METALS
Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus
Friday, 21 February 2020 09:31 WIB Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage...
ENERGY
Oil Falls as Coronavirus Spread Beyond China Heightens Demand Fears
Friday, 21 February 2020 13:11 WIB Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood...
CURRENCIES
USD/JPY struggles around 112.00 amid fresh risk-off, Japan data
Friday, 21 February 2020 08:10 WIB USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019...

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