AUD/USD Extends Recovery as China Caixin PMI Follows Official Gauge Footsteps

Monday, 2 December 2019 09:49 WIB Aussie Dollar Australia, AUD/USD,

With the recently upbeat data from China, AUD/USD extends the pullback from multi-week low to 0.6775 during Monday’s Asian session. China’s November month Caixin Purchasing Managers’ Index (PMI) rose past-51.4 forecast and 51.7 prior to 51.8. The data follows upbeat official manufacturing prints from Australia’s largest customer. During the weekend, China released official readings of its November month Manufacturing PMI. The key activity gauge surged to 50.2, the highs since April, regained its stage in the expansion territory following many months of being below 50.0. Aussie buyers cheered the data from its largest customers while ignoring unimpressive prints of second-tier Australian...



Gold declined as stocks in Asia rose after data on China’s economy pointed to an improvement, curbing demand for havens. Investors were also assessing the latest on the trade front, with the Global Times reporting that China’s...

Oil recovered some lost ground in Asian trade on Monday after an upbeat Chinese economic report at the weekend offered grounds for optimism on the global demand outlook. Futures were up 1% in New York, after losing 5.1% on Friday -- the biggest...

Black Friday seems to have taken on a different meaning for oil bulls. Crude prices plunged 5% on the ritualistic shopping day after Thanksgiving as Russia sent out mixed signals on its commitment to extend production cuts and a U.S.-China deal...

Gold climbed on Friday with U.S.-China trade relations possibly on the back foot again, but bullion registered its worst month since September as positive data about the U.S. economy dulled interest in haven assets. Gold for February delivery the...

Gold prices rose as the dollar strengthened, paring the metal’s steepest monthly loss in a year. Spot gold was up 0.5% on Friday, trading at $1,463.53 an ounce at 11:33 a.m. in New York. Still, prices were 3.2% lower this month after...

U.S. Dollar Treads Water in Holiday-Thin Trade

Friday, 29 November 2019 23:28 WIB DOLLAR

The U.S. dollar was flat on Friday in holiday-thinned trade as U.S-China trade progress remained in focus. But Latin American currencies rermained active, with Brazil's real seeing more sharp moves. U.S. President Donald Trump signed a law backing...


U.S. oil futures post biggest weekly rise since June
Saturday, 7 December 2019 03:13 WIB
Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the

Precious Metals

Gold falls 1% after robust US jobs data
Saturday, 7 December 2019 03:06 WIB
Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a


The euro was steady against the dollar on Friday, though the greenback was headed for its worst week since mid-October, dragged down by nervousness around U.S.-China trade relations and hints of


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