Tuesday, 17 September 2019
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GLOBAL
Chinese Envoy Heading to US to Prepare for New Round of Trade Talks
Tuesday, 17 September 2019 23:26 WIB

China says a government official will travel to the United States this week to lay the groundwork for the resumption of high-level trade talks next month. State-run Xinhua news agency says deputy finance minister Liao Min will arrive in Washington Wednesday for talks with counterparts from the...

MARKET UPDATE
U.S. Stocks Fall For Second Day as Investors Eye Oil Markets Ahead of Fed Meeting
Tuesday, 17 September 2019 23:33 WIB

U.S. stocks pared early losses midday Tuesday but attempts by major benchmarks to move decisively higher have been limited by weakness in the energy sector amid reports that Saudi Arabia may recover sooner than expected, after a weekend attack on its energy complex that drove crude-oil futures to...

ECONOMY
US: Retail sales rose 0.4% in August vs. 0.2% expected
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August...

GOLD CORNER
Gold to keep bullish trend this week: ECB, U.S. data in focus
Monday, 9 September 2019 11:35 WIB

After a very volatile session, gold is closing with a second straight week of losses last Friday while analysts remain bullish but slightly more cautious for this week. Seeing gold hit new fresh six-year highs, then drop more than $50 on a weekly basis has been unnerving for traders. Yet,...

COMMODITY
Gold holds steady as focus turns to Fed meeting
Tuesday, 17 September 2019 20:17 WIB

Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve™s two-day monetary policy meeting, when the central bank is widely expected to cut interest rates. Spot gold firmed slightly, adding 0.43% to $1,504.3 an ounce. Gold prices rose...

FISCAL & MONETARY
RBA Sees Risk of Property-Price Spike as House-Building Dwindles
Tuesday, 17 September 2019 09:03 WIB

Australia's central bank said there's potential for an upswing in home prices as dwelling construction weakens, while reiterating it's prepared to lower interest rates further. In minutes of its Sept. 3 policy meeting released in Sydney Tuesday, the Reserve Bank also noted that "the upward trend...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
08.30 AUD Monetary Policy Meeting Minutes (AUD) - -
16.00 EUR German ZEW Economic Sentiment -44.1 -22.5
16.00 EUR ZEW Economic Sentiment -43.6 -22.4
20.15 U.S Capacity Utilization Rate 77.5% 77.9%
20.15 U.S Industrial Production m/m -0.1% 0.6%
MARKET CHART
Loco Gold Daily Chart (LGD)