Wednesday, 26 June 2019
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GLOBAL
US Convenes Economic Peace Conference in Bahrain
Wednesday, 26 June 2019 17:37 WIB

White House senior advisor Jared Kushner said Tuesday an economic plan to promote prosperity for the Palestinians must be approved by them as a necessary precondition for peace. Speaking at Tuesday's opening of an economic workshop in Bahrain to jumpstart the peace process between Israel and the...

MARKET UPDATE
U.S. Stocks Open Higher on Hopes for U.S.-China Trade Progress
Wednesday, 26 June 2019 20:44 WIB

U.S. stocks opened higher Wednesday amid hopes for progress toward a U.S.-China trade deal. The Dow Jones Industrial Average rose 60 points, or 0.2%, to 26.610 shortly after the opening bell. The S&P 500 added 0.3% and the Nasdaq Composite climbed 0.7%. The indexes traded higher following...

ECONOMY
Durable-Goods Orders Drop 1.3% in May, But Business Investment Picks Up In Reassuring Sign
Wednesday, 26 June 2019 19:48 WIB

Orders for U.S. durable goods fell in May for the third time in four months, held down by a canceled deal for Boeing™s troubled 737 Max jet. Yet business investment perked up in a somewhat reassuring sign that companies haven™t frozen spending amid a tense trade fight with China and signs of a...

GOLD CORNER
You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
Monday, 24 June 2019 15:44 WIB

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years. Although gold prices are off their highs after breaking above $1,400, the market is still seeing its best weekly gains in more than three years. August gold...

COMMODITY
Gold Prices Pull Back From Nearly 6-Year High as Stock Gains Firm
Wednesday, 26 June 2019 18:58 WIB

Gold futures on Wednesday retreated from a nearly six-year high scored a day earlier amid expected progress on U.S.-China trade talks and a less-dovish-than-hoped Federal Reserve. U.S. Treasury Secretary Steven Mnuchin told CNBC, œwe were about 90% of the way there [with a trade deal] and I...

FISCAL & MONETARY
Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB

Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done deal. While greater uncertainty about trade and worries about global economy might be starting to show through to economic data, officials don™t...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
00.00 U.S Fed Chair Powell Speaks - -
15.30 GBP High Street Lending 42.9K 42.4K
19.30 U.S Core Durable Goods Orders m/m -0.1% 0.3%
19.30 U.S Durable Goods Orders m/m -2.8% -1.3%
21.30 U.S Crude Oil Inventories -3.1M
MARKET CHART
Loco Gold Daily Chart (LGD)