Tuesday, 13 November 2018
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GLOBAL
California Wildfires Rage, Death Toll Climbs to 31
Monday, 12 November 2018 19:52 WIB

Wildfires raged at both ends of California on Sunday, with the deadly infernos barely contained and strong winds and dry conditions in the forecast. The death toll stood at 31 and was likely to increase as rescue workers reached vast regions left in charred ruins. The Northern California sheriff...

MARKET UPDATE
Dow drops 450 points as Apple leads technology shares lower
Tuesday, 13 November 2018 00:21 WIB

U.S. stocks fell on Monday as a decline in Apple shares, a strong dollar and lingering worries about global trade offset positive news on the dealmaking front. The Dow Jones Industrial Average fell 452 points. The tech-heavy Nasdaq Composite pulled back 2.8 percent, while the S&P 500 dropped...

ECONOMY
Producer Prices in U.S. Increase in October by Most Since 2012
Friday, 9 November 2018 21:04 WIB

U.S. producer prices rose more than forecast in October for the biggest jump in six years on broad gains in costs for goods and services, a Labor Department report showed Friday. The producer-price index rose 0.6 percent from September after a 0.2 percent advance, and climbed 2.9...

GOLD CORNER
Gold Prices May Fall Further as US Dollar Recovery Continues
Monday, 12 November 2018 16:36 WIB

Gold prices fell even as bond yields tracked stocks lower and the priced-in rate hike path implied in Fed Funds futures flattened Friday. The US Dollar found renewed haven appeal against the risk-off backdrop, and its rise undermined the appeal of anti-fiat alternatives epitomized by the yellow...

COMMODITY
U.S. Dollar Surges as Euro, Sterling Face Political Pressure
Tuesday, 13 November 2018 00:51 WIB

The dollar remained near a 16-month high on Monday, as concerns over Brexit and political issues in Italy weighed on the pound and euro. The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, surged 0.47% to 97.19 as of 10:36 AM ET (15:36 GMT),...

FISCAL & MONETARY
Fed Holds Rates Steady And Stays on Course For More Gradual Hikes
Friday, 9 November 2018 02:16 WIB

The Federal Reserve on Thursday held interest rates steady while signaling that it will stay the course and move rates up at a gradual pace in coming months. As expected, the Fed kept its benchmark target for rates unchanged in a 2% to 2.25% range. The central bankers left the core of its...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
07.30 AUD NAB Business Confidence 6
10.35 JPN 30-y Bond Auction
13th-18th CHN Foreign Direct Investment ytd/y 2.9%
14.00 EUR German Final CPI m/m 0.2%
15.15 CHF PPI m/m (CHF) -0.2%
MARKET CHART
Loco Gold Daily Chart (LGD)