Thursday, 22 August 2019
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GLOBAL
South Korea to Scrap Military Intel Sharing Deal with Japan
Thursday, 22 August 2019 23:24 WIB

In an escalation of its bitter dispute with Japan, South Korea decided Thursday to scrap a military intelligence sharing agreement with Tokyo, opening a new divide in trilateral security cooperation between the U.S., Japan, and South Korea. South Korea™s presidential Blue House said Thursday it...

MARKET UPDATE
Stocks fall as Fed members signal that a September rate cut is not certain
Thursday, 22 August 2019 23:18 WIB

Stocks were lower on Thursday, giving up earlier gains as investors wondered whether the Federal Reserve will cut interest rates next month. The S&P 500 fell 0.3%. The Nasdaq Composite traded 0.7% lower. The Dow Jones Industrial Average chopped around the flatline after rallying as much as...

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)