Wednesday, 13 December 2017
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GLOBAL
Paris Summit to Seek More Funding for Climate Change Fight
Wednesday, 13 December 2017 04:05 WIB

French President Emmanuel Macron gathered business leaders and 50 world leaders in Paris for a summit Tuesday focused on boosting funding to fight climate change. The summit comes two years after nearly 200 nations agreed to the Paris climate accord, which calls for nations to limit greenhouse...

MARKET UPDATE
Most Asian Stocks Rise as Banks Gain Ahead of U.S. Rate Decision
Wednesday, 13 December 2017 11:36 WIB

Most Asian stocks rose, led by banks and healthcare companies, before the Federal Reserve™s interest-rate decision. The MSCI Asia Pacific Index gained 0.1 percent to 170.04 as of 12:07 p.m. in Hong Kong. Five shares advanced for every four that fell, while a measure of the...

ECONOMY
U.S. wholesale inflation hits nearly 6-year high, adds to case for Fed rate hike
Tuesday, 12 December 2017 20:51 WIB

The producer price index in November surged 0.4% for the third straight month, matching the MarketWatch forecast. The increase was broad based. Another measure preferred by economists, known as core PPI, also rose a 0.4%. The core rate strips out food, energy and trade margins. The increase in...

GOLD CORNER
If Fed Signals Weak Inflation, Gold Could Move Back Up To $1,300 - TD Securities
Tuesday, 12 December 2017 18:10 WIB

After another disappointing trading session, one bank sees gold ending the week on a positive note, with prices possibly moving up to $1,300 an ounce if the Federal Reserve hints at weak inflation on Wednesday. œShould inflation disappoint or the Fed communicate some caution with regards to the...

COMMODITY
EUR/USD: Range-play to extend ahead of US CPI, FOMC
Wednesday, 13 December 2017 10:20 WIB

The EUR/USD pair stalled its overnight recovery in Asia, now consolidating near mid-1.17s, awaiting fresh directional impetus from the upcoming US CPI numbers and outcome of the final Fed meeting due later on Wednesday. The corrective slide in the US dollar picked-up pace, prompting the EUR/USD...

FISCAL & MONETARY
Australia Holds Key Rate as 15th Pause Sees It Drift From Peers
Tuesday, 5 December 2017 11:13 WIB

Australia™s central bank kept its benchmark interest rate unchanged and signaled no plans to move in the near term even as developed economies shift toward withdrawing stimulus. The Reserve Bank of Australia™s board kept the key rate at 1.5 percent for a 15th straight meeting on...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
02.00 U.S Federal Budget Balance -63.2B -138.5B
06.30 AUD Westpac Consumer Sentiment -1.7% 3.6%
06.50 JPN Core Machinery Orders m/m -8.1% 5.0%
14.00 EUR German Final CPI m/m 0.3%
16.00 EUR Italian Industrial Production m/m -1.3%
MARKET CHART
Loco Gold Daily Chart (LGD)