Thursday, 22 August 2019
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GLOBAL
Trump Says He Wants Russia Back at G-7 Summits
Thursday, 22 August 2019 17:14 WIB

U.S. President Donald Trump said Wednesday he wants Russia back at the Group of Seven summits of the world's leading economies, even though it still controls Ukraine's Crimean Peninsula. Moscow was booted from the group over its unilateral 2014 annexation of the peninsula. As the G-7 leaders...

MARKET UPDATE
Dow drifts more than 100 points higher at the open as Jackson Hole gathering gets under way
Thursday, 22 August 2019 20:52 WIB

U.S. stocks climbed modestly higher on Thursday morning as investors watched an annual conference in Jackson Hole, Wyo., where central bank leaders will discuss global monetary policy and economic health. The Dow Jones Industrial Average rose 110 points, or 0.4%, to 26,314, the S&P 500 index...

ECONOMY
German Companies Brace for Economic Recession as Orders Crumble
Thursday, 22 August 2019 14:47 WIB

Shrinking order books and expectations for a decline in output signal companies in Europe™s largest economy are bracing for a possible recession. German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business...

GOLD CORNER
Bearish Cracks Appearing In Bullish Gold Market
Monday, 19 August 2019 15:16 WIB

After three-straight weeks of gains, cracks are starting to appear in gold's bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey. It has been a volatile week for the precious metal as unprecedented recession fears and new...

COMMODITY
Gold sinks as bond yields climb
Thursday, 22 August 2019 19:49 WIB

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo. December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after...

FISCAL & MONETARY
Fed Saw July Rate Cut as Insurance for Growth and Inflation
Thursday, 22 August 2019 01:24 WIB

Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump™s trade war. œMembers who voted for the policy action sought to better...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
01.00 U.S FOMC Meeting Minutes - -
06.00 AUD Flash Manufacturing PMI 51.6 51.3
07.30 JPN Flash Manufacturing PMI (JPN) 49.4 49.5
11.30 JPN All Industries Activity m/m 0.5% -0.8%
14.15 EUR French Flash Services PMI 52.6 53.3
MARKET CHART
Loco Gold Daily Chart (LGD)