Friday, 10 July 2020
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GLOBAL
Australia Suspends Extradition Treaty with Hong Kong
Thursday, 9 July 2020 23:31 WIB

Australia is suspending its extradition treaty with Hong Kong in response to the new national security law imposed on the city by China. In announcing the move Thursday, Prime Minister Scott Morrison said Canberra will extend temporary visas for an additional five years for the 10,000 Hong Kong...

MARKET UPDATE
Dow, S&P 500 end lower on fears over surging virus cases but Nasdaq hits record high
Friday, 10 July 2020 03:18 WIB

The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, though the Nasdaq registered another record closing high. The United States saw more than 60,000 new...

ECONOMY
U.S. Initial Jobless Claims Fell Last Week by More Than Forecast
Thursday, 9 July 2020 19:43 WIB

Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases. Initial jobless claims in regular state programs fell by 99,000 to...

GOLD CORNER
Gold price bull rally: the drive is alive
Monday, 6 July 2020 13:40 WIB

Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong fundamentals and what appears to be an unstoppable uptrend, retail investors and Wall Street analysts are significantly bullish on gold. Of the 17 Wall Street...

COMMODITY
Oil falls, with U.S. benchmark settling back under $40 as coronavirus concerns swirl
Friday, 10 July 2020 02:42 WIB

Oil futures fell on Thursday, with U.S. benchmark prices settling back below $40 a barrel, as commodity traders contended with rising cases of coronavirus in the U.S. and some other countries that may threaten to unsettle demand for crude. August West Texas Intermediate crude fell by $1.28, or...

FISCAL & MONETARY
RBA Highlights Recovery Uncertainties as Second Wave Threatens
Tuesday, 7 July 2020 14:06 WIB

Australia™s central bank chief highlighted worries among households and businesses about the health and economic outlook, as the nation™s successful run of Covid-19 containment was rocked by a new outbreak, damping the economy™s otherwise improving prospects. Reserve Bank of Australia...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
00.01 U.S 30-y Bond Auction 1.45|2.3 1.33|2.5
06.50 JPN M2 Money Stock y/y 5.1%
10th-15th CHN M2 Money Supply y/y 11.1%
10th-15th CHN New Loans 1480B
13.00 EUR German Final CPI m/m
MARKET CHART
Loco Gold Daily Chart (LGD)