Wednesday, 22 January 2020
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GLOBAL
Trump Touts US Economy in Davos, Ahead of Impeachment Trial Start
Tuesday, 21 January 2020 23:37 WIB

U.S. President Donald Trump touted the conclusion of two major trade deals and declared Americans are "winning again like never before," as he gave an opening address Tuesday at the World Economic Forum in Davos, Switzerland. The speech came hours before his impeachment trial was due to go into...

MARKET UPDATE
Japan shares claw back earlier virus-related losses but worries persist
Wednesday, 22 January 2020 09:38 WIB

Japanese shares made modest gains on Wednesday, as earlier investor panic about the coronavirus in China abated, although hygeine-related firms remained in demand and pressure on the tourism sector persisted. The Nikkei share average rose 0.2% to 23,904.51 in mid-morning trade, partially clawing...

ECONOMY
U.K. Retail Sales Extend Worst Run on Record Despite Discounting
Friday, 17 January 2020 16:47 WIB

U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in stores and online fell 0.6% in December, confounding expectations of a 0.6% increase. Sales...

GOLD CORNER
Wall Street, Main Street expect gold price uptrend to continue
Monday, 20 January 2020 10:52 WIB

Wall Street and Main Street alike look for gold to continue the recent bounce this week.             Thirteen market professionals took part in the Wall Street survey. Ten, or 77%, called for gold to rise. There were no votes saying gold...

COMMODITY
Oil falls again as amply global supply seen offsetting Libyan outage
Wednesday, 22 January 2020 09:27 WIB

Oil prices edged lower on Wednesday, extending the previous session's drops, as investors continue to shrug aside the impact of almost all of Libya's crude production being off-line amid plentiful supplies elsewhere. Brent crude (LCOc1) was down 13 cents, or 0.2%, at $64.46 a barrel at 0119 GMT,...

FISCAL & MONETARY
BoE Could Give "Prompt Response" to Signs of Lasting Weakness in UK Economy - Carney
Thursday, 9 January 2020 17:07 WIB

Bank of England Governor Mark Carney said on Thursday there could be a "relatively prompt response" from the central bank if it looked like weakness in the economy will persist. "With the relatively limited space to cut Bank Rate, if evidence builds that the weakness in activity could persist,...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.30 AUD Westpac Consumer Sentiment -1.9% -1.8%
16.30 GBP High Street Lending
16.30 GBP Public Sector Net Borrowing 4.9B
18.00 GBP CBI Industrial Order Expectations -28
21.00 U.S HPI m/m 0.2%
MARKET CHART
Loco Gold Daily Chart (LGD)