Tuesday, 30 August 2016
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GLOBAL
US Urges Turkey and Kurdish Clashes in Syria Terminated
Tuesday, 30 August 2016 03:30 WIB

The United States said the fighting on Monday (29/8) in Syria between the Turkish troops and units that affiliation with the coalition led by US-backed Kurdish and unacceptable and calls on all parties to stop it. "We ask all parties to put down their weapons. , , America actively help...

MARKET UPDATE
Hong Kong Stocks Advance as Chinese Banks Climb Before Earnings
Tuesday, 30 August 2016 09:45 WIB

Hong Kong stocks rose as Industrial & Commercial Bank of China Ltd. and Bank of China Ltd. gained before releasing earnings. China Southern Airlines Co. led declines by carriers after reporting lower profit. The Hang Seng Index added 0.5 percent at 10:29 a.m. local time, taking its gain...

ECONOMY
Japanese Household Spending and Unemployment Fall in July
Tuesday, 30 August 2016 08:37 WIB

Japan’s household spending fell for a fifth straight month and retail sales also dropped, underscoring the weakness in domestic demand. The jobless rate was the lowest since 1995. Household spending fell 0.5 percent in July from a year earlier, the statistics bureau said on Tuesday (forecast...

GOLD CORNER
HSBC: Negative interest rates remain bullish factor for Gold
Tuesday, 23 August 2016 05:09 WIB

HSBC said the negative interest rates in much of the world remain a bullish factor for gold. The bank cited a Financial Times report on a study by Standard & Poor’s saying that almost 500 million people are living in a climate of negative central-bank interest rates, representing roughly...

COMMODITY
Gold Heads for Monthly Drop as Investors Weigh U.S. Rate Outlook
Tuesday, 30 August 2016 08:44 WIB

Gold is headed for the first monthly decline since May on rising speculation that the Federal Reserve may tighten monetary policy before the end of the year. Bullion for immediate delivery traded little-changed at $1,323.40 an ounce at 9:16 a.m. in Singapore, according to Bloomberg generic...

FISCAL & MONETARY
Yellen Says Rate-Hike Case Has Strengthened in Recent Months
Friday, 26 August 2016 21:21 WIB

Federal Reserve Chair Janet Yellen said the case to raise interest rates is getting stronger as the U.S. economy approaches the central bank’s goals. “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.30 JPN Household Spending y/y -2.2% -0.5%
06.30 JPN Unemployment Rate 3.1% 3.0%
06.50 JPN Retail Sales y/y -1.3% -0.2%
08.30 AUD Building Approvals m/m -2.9% 11.3%
14.00 EUR KOF Economic Barometer 102.7
MARKET CHART
Loco Gold Daily Chart (LGD)