Thursday, 14 November 2019
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GLOBAL
Syria, Russian Missiles on Agenda for Trump-Erdogan Talks
Wednesday, 13 November 2019 23:25 WIB

Turkish President Recep Tayyip Erdogan visits the White House for talks Wednesday with U.S. President Donald Trump, with the two leaders likely to discuss Turkey's incursion in northern Syria and its purchase of a Russian air defense system. The agenda for the day released by the White House also...

MARKET UPDATE
Tokyo stocks open lower after weak growth data
Thursday, 14 November 2019 07:42 WIB

Tokyo stocks opened slightly lower on Thursday after the release of weaker-than-expected growth data in Japan and amid ongoing doubts over a US-China trade deal. The benchmark Nikkei 225 index edged down 0.08 percent or 18.53 points to 23,301.34 in early trade while the broader Topix index was...

ECONOMY
Consumer Inflation Posts Biggest Increase in 7 Months on Higher Gas Prices
Wednesday, 13 November 2019 20:47 WIB

Americans paid higher prices for gasoline, medical treatment and recreation in October, but inflation more broadly remained low and fairly stable. The consumer price index jumped 0.4% in October, with energy accounting for more than half the increase, the government said Wednesday. Economists...

GOLD CORNER
Less than 50% of Main Street optimistic on gold prices rally; Wall Street outright bearish
Monday, 11 November 2019 17:10 WIB

Gold is not ending the last week on a strong note and there is not much conviction among Wall Street analysts and Main Street investors that the selling pressure will end this week, according to the latest Kitco News Weekly Gold Survey. The gold market was hit with strong technical selling...

COMMODITY
Oil edges up ahead of US storage data as OPEC, Fed see robust economy
Thursday, 14 November 2019 03:06 WIB

Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by Federal Reserve Chair Jerome Powell, who...

FISCAL & MONETARY
FOMC Chairman Powell testimony: Baseline outlook for US economy remains favourable
Wednesday, 13 November 2019 23:14 WIB

In remarks prepared for delivery to the Joint Economic Committee of Congress on Wednesday, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
02.00 U.S Federal Budget Balance 82.8B -134.5B
06.50 JPN Prelim GDP q/q 0.3% 0.1%
07.01 AUD RICS House Price Balance -3% -5%
07.30 AUD Employment Change 14.7K
07.30 AUD Unemployment Rate 5.2%
MARKET CHART
Loco Gold Daily Chart (LGD)