Monday, 17 June 2019
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GLOBAL
India Hikes Tariffs on US Goods Amid Deepening Trade Friction
Monday, 17 June 2019 17:15 WIB

India has hiked tariffs on 28 goods imported from the United States as a trade spat between the two countries intensifies. The retaliatory move came days after Washington removed New Delhi from a list of countries that have preferential access to its market. "India has put its cards on the...

MARKET UPDATE
U.S Stocks Mixed as Fed Meeting Comes Into View
Monday, 17 June 2019 20:52 WIB

U.S. stocks struggled for direction on Monday after the opening bell as investors hoped to glean clues from the Federal Reserve later this week on the likelihood of rate cuts this year. The S&P 500 was up less than 0.1% to 2,888. The Dow Jones Industrial Average was down 9 points to 26,081....

ECONOMY
Retail sales look strong, with a solid gain in May and upward revision to prior month
Friday, 14 June 2019 19:50 WIB

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain. Retail sales increased 0.5% in May, with broad-based gains, the Commerce Department said Friday. Economists...

GOLD CORNER
Wall St, Main St. Look For Still-Higher Gold Prices
Monday, 17 June 2019 14:43 WIB

Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to continue this week, based on the weekly Kitco News gold survey. The metal has been underpinned by continuing trade tensions between the U.S. and its partners, resulting in worries...

COMMODITY
Oil Prices Slip as Economic Worries Outweigh Tanker Tensions
Monday, 17 June 2019 19:17 WIB

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week. Brent futures fell 35 cents, or 0.56%, to $61.66 a barrel by 10:30 GMT, having gained 1.1% on...

FISCAL & MONETARY
SNB Keeps Policy on Hold as Expected; Says Franc “Highly Valued”
Thursday, 13 June 2019 14:46 WIB

Swiss National Bank introduces new policy rate to replace three-month Libor band since future of Libor is uncertain. Keeps deposit rate unchanged at -0.75%, as forecast by economists in Bloomberg survey. SNB will remain active in FX market as necessary. Says CHF remains highly valued. Sees...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.01 GBP Rightmove HPI m/m 0.9% 0.3%
17.00 EUR German Buba Monthly Report - -
19.30 U.S Empire State Manufacturing Index 17.8 -8.6
21.00 U.S NAHB Housing Market Index 66 64
MARKET CHART
Loco Gold Daily Chart (LGD)