Tuesday, 23 July 2019
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GLOBAL
New Government for Spain Hinges on Late Deal by Left Rivals
Tuesday, 23 July 2019 01:04 WIB

Spain's caretaker prime minister acknowledged in his first appeal to parliament Monday to win its backing to form a government that he still lacks key votes to earn its endorsement. The parliamentary debate arrived after a frantic weekend of talks by Pedro Sanchez's Socialists with the far-left...

MARKET UPDATE
European stocks close mixed as investors monitor earnings; Philips shares up 5%
Tuesday, 23 July 2019 00:59 WIB

European stocks closed mixed Monday afternoon as investors digested a fresh batch of corporate results. The pan-European Stoxx 600 closed provisionally flat, with sectors and bourses trading in opposite directions. In corporate news, Dutch health technology company Philips surged to the top of...

ECONOMY
U.K. Retail Sales Unexpectedly Jump, Reversing Two-Month Drop
Thursday, 18 July 2019 15:48 WIB

U.K. retail sales unexpectedly rose last month, ending a downbeat second quarter on a more positive note. The volume of goods sold in stores and online climbed 1% in June after dropping for the previous two months, the Office for National Statistics said Thursday. Economists surveyed by...

GOLD CORNER
Wall St., Main St. See Gold Prices Maintaining Upward Momentum
Monday, 22 July 2019 13:24 WIB

Wall Street and Main Street look for gold to keep building on its recent gains, according to the weekly Kitco News gold survey. The metal hit a fresh six-year high in screen trading after renewed dovishness from Federal Reserve officials last Thursday. œGold has not only continued its upward...

COMMODITY
Gold looks for direction after hitting 6-year high
Monday, 22 July 2019 19:47 WIB

Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical worries after Iran seized a British-flagged tanker and as investors look for major central banks to ease policy. Gold for August delivery on Comex was...

FISCAL & MONETARY
Fed Chief Powell Says He Thinks Core Inflation Picked Up a Bit in June
Wednesday, 17 July 2019 00:16 WIB

Federal Reserve Chairman Jerome Powell said Tuesday that the central bank now estimates that a key measure of core inflation increased in June to its highest level in four months but added that, despite the acceleration, inflation pressures œremain muted. In a speech to the Bank of France in...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
12.00 JPN BOJ Core CPI y/y 0.7%
17.00 GBP CBI Industrial Order Expectations -15
20.00 U.S HPI m/m 0.4%
21.00 U.S Existing Home Sales 5.34M
21.00 U.S Richmond Manufacturing Index 3
MARKET CHART
Loco Gold Daily Chart (LGD)