Thursday, 09 April 2020
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GLOBAL
Mexico Loses Nearly 350,000 Jobs Battling Coronavirus
Thursday, 9 April 2020 16:45 WIB

Mexico™s labor minister said the country has lost 346,748 jobs since mid-March because of its efforts to prevent and control the coronavirus outbreak. Labor Secretary Luisa Maria Alcalde said Wednesday that the greatest losses occurred in the tourism-dependent coastal enclave of Quintana Roo,...

MARKET UPDATE
Dow jumps more than 300 points as Wall Street heads for a massive week of gains
Thursday, 9 April 2020 20:51 WIB

Stocks jumped on Thursday after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic. The Dow Jones Industrial Average jumped more than 300 points, or 1.3%. The S&P 500 gained 1.1% while the Nasdaq Composite advanced 0.8%. Thursday™s gains...

ECONOMY
Jobless claims soar again in early April as coronavirus layoffs swell to nearly 17 million
Thursday, 9 April 2020 20:19 WIB

The latest round of coronavirus-induced layoffs and furloughs soared by another 6.6 million in the first week of April, bringing total job losses in less than a month to a stupefying 16.8 million. Initial jobless claims, a rough proxy for job losses, have now posted increases of 6.6 million, 6.9...

GOLD CORNER
Gold Prices Expected To Shine As Governments Launch Stimulus
Monday, 6 April 2020 11:10 WIB

Gold is expected to keep rising from the mid-March lows, based on the weekly Kitco gold-price survey. The expectation comes after the Federal Reserve recently launched open-ended quantitative easing and the U.S. quickly enacted a $2 trillion fiscal-stimulus effort in response to the COVID-19...

COMMODITY
Gold rallies to highest since late 2012 as dollar declines on the back of the Fed's new lending plans
Thursday, 9 April 2020 21:29 WIB

Gold futures rallied to reach their highest levels since late 2012 on Thursday, getting a boost as the U.S. dollar declined on the back of the Federal Reserve™s new lending plans, which aim to support the hit to the economy from the coronavirus pandemic. The Federal Reserve on Thursday set up...

FISCAL & MONETARY
Fed Staff's Worst-Case Scenario: No Major Recovery Until Next Year: Minutes
Thursday, 9 April 2020 02:08 WIB

The worst-case scenario of the staff of the Federal Reserve for the economy is no recovery until next year, according to minutes of the central bank's March 15 policy meeting released Wednesday. The staff told officials that there were two plausible scenarios for the U.S. economy grappling with...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
00.01 U.S 30-y Bond Auction 1.32|2.4 1.33|2.4
01.00 U.S FOMC Meeting Minutes - -
08.30 AUD RBA Financial Stability Review - -
13.00 EUR German Trade Balance 18.5B 21.6B
13.00 JPN Prelim Machine Tool Orders y/y -29.6% -40.8%
MARKET CHART
Loco Gold Daily Chart (LGD)