Wednesday, 26 June 2019
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GLOBAL
US Convenes Economic Peace Conference in Bahrain
Wednesday, 26 June 2019 17:37 WIB

White House senior advisor Jared Kushner said Tuesday an economic plan to promote prosperity for the Palestinians must be approved by them as a necessary precondition for peace. Speaking at Tuesday's opening of an economic workshop in Bahrain to jumpstart the peace process between Israel and the...

MARKET UPDATE
Stock Futures Surge After Treasury Secretary Mnuchin Says US-China Deal is 90% Complete
Wednesday, 26 June 2019 17:51 WIB

U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal. At around 5:30 a.m. ET, Dow futures rose 106 points, indicating a positive open of more than 112 points. Futures on the S&P and Nasdaq...

ECONOMY
US: Consumer confidence deteriorates in June, USD edges lower
Tuesday, 25 June 2019 21:20 WIB

The monthly Consumer Confidence Survey published by the Conference Board today revealed that the consumer confidence weakened in June with the headline Confidence Index dropping to 121.5 in June from 131.3 in May. Other data from the U.S. revealed that new home sales in May contracted by 7.8% to...

GOLD CORNER
You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
Monday, 24 June 2019 15:44 WIB

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years. Although gold prices are off their highs after breaking above $1,400, the market is still seeing its best weekly gains in more than three years. August gold...

COMMODITY
Dollar Pushes Higher as Markets Dial Back Fed Rate Cut Bets
Wednesday, 26 June 2019 15:50 WIB

The U.S. dollar edged higher on Wednesday, pulling away from a three month low as markets dialed back expectations for aggressive interest rate cuts by the Federal Reserve next month, but expectations for some monetary easing checked the currency™s gains. Expectations for a half percentage...

FISCAL & MONETARY
Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB

Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done deal. While greater uncertainty about trade and worries about global economy might be starting to show through to economic data, officials don™t...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
00.00 U.S Fed Chair Powell Speaks - -
15.30 GBP High Street Lending 42.9K 42.4K
19.30 U.S Core Durable Goods Orders m/m 0.0%
19.30 U.S Durable Goods Orders m/m -2.1%
21.30 U.S Crude Oil Inventories -3.1M
MARKET CHART
Loco Gold Daily Chart (LGD)