Wednesday, 08 July 2020
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GLOBAL
US Formally Starts Withdrawal From WHO
Wednesday, 8 July 2020 17:03 WIB

The White House has formally notified the United Nations that it is pulling the United States out of the World Health Organization, despite the surging number of COVID-19 cases in the country. President Donald Trump froze U.S. funding for the WHO in April and a month later announced his...

MARKET UPDATE
Stock Futures are Nearly Flat Following Sell-Off on Wall Street
Wednesday, 8 July 2020 16:32 WIB

U.S. stock futures were little changed early Wednesday, following weakness in equities in the previous session. Dow futures suggested an opening gain of about 20 points. S&P 500 futures and Nasdaq-100 futures were both also nearly unchanged. On Tuesday, the Dow Jones Industrial Average fell...

ECONOMY
U.S. Services Index Jumps to a Four-Month High on Reopenings
Monday, 6 July 2020 21:14 WIB

A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns. The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points...

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
Dollar Drifts as Risk Sentiment Proves Elusive
Wednesday, 8 July 2020 19:31 WIB

The dollar edged lower against its rivals on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States. Demand for the U.S. currency proved remarkably stable as oil prices steadied while European bourses...

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
06.50 JPN Bank Lending y/y 4.8% 6.2%
06.50 JPN Current Account (JPN) 0.25T 0.82T
12.00 JPN Economy Watchers Sentiment 15.5 38.8
12.45 CHF Unemployment Rate (CHF) 3.2% 3.3%
21.30 U.S Crude Oil Inventories -7.2M
MARKET CHART
Loco Gold Daily Chart (LGD)