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
U.S. Stocks Open Higher Wednesday As Rise In Tech Sector Resumes
Wednesday, 8 July 2020 20:48 WIB

U.S. stocks opened slightly higher Wednesday as investor sentiment remained pinned between hopes that economic data would point to continued growth and concerns that rising coronavirus case counts will stifle any nascent recovery. The Dow Jones Industrial Average rose 56 points, 0.2%, to open...

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
Gold Prices Extend Climb to 9-Year High as Traders See Few Limits to Central-Bank Stimulus
Wednesday, 8 July 2020 21:36 WIB

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic. On Tuesday, the Federal Reserve's No. 2,...

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 5.7M
MARKET CHART
Loco Gold Daily Chart (LGD)