Monday, 17 June 2019
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GLOBAL
US Guarantees Hormuz Shipping Passage
Monday, 17 June 2019 10:39 WIB

The United States says it will "guarantee freedom of navigation" for shipping through the Strait of Hormuz through diplomatic talks or military intervention, contending again that it was "unmistakable" that Iran launched last week's attacks on two tankers sailing through the narrow...

MARKET UPDATE
Nikkei Tick Up in Sympathy With Hong Kong, Outlook Cloudy
Monday, 17 June 2019 09:54 WIB

Japanese share prices ticked up on Monday, erasing initial losses, after Hong Kong shares gained after Hong Kong™s leader indefinitely delayed an unpopular extradition bill that would allow citizens to be sent to mainland China for trial. Still, uncertainties over the global economy, U.S.-China...

ECONOMY
Retail sales look strong, with a solid gain in May and upward revision to prior month
Friday, 14 June 2019 19:50 WIB

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain. Retail sales increased 0.5% in May, with broad-based gains, the Commerce Department said Friday. Economists...

GOLD CORNER
Gold Has Enough Momentum To Push Through $1,350 This Week - Analysts
Monday, 10 June 2019 15:06 WIB

The gold market is seeing its best weekly performance in more than a year and some analyst have said that the precious metal has enough momentum to break through critical long-term resistance in the near-term. Disappointing employment growth in the U.S. has pushed gold prices back to within...

COMMODITY
Gold Retreats From 14-Month High as Fed Cut in Doubt
Monday, 17 June 2019 09:21 WIB

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates. Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore....

FISCAL & MONETARY
SNB Keeps Policy on Hold as Expected; Says Franc “Highly Valued”
Thursday, 13 June 2019 14:46 WIB

Swiss National Bank introduces new policy rate to replace three-month Libor band since future of Libor is uncertain. Keeps deposit rate unchanged at -0.75%, as forecast by economists in Bloomberg survey. SNB will remain active in FX market as necessary. Says CHF remains highly valued. Sees...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.01 GBP Rightmove HPI m/m 0.9% 0.3%
19.30 U.S Empire State Manufacturing Index 17.8
21.00 U.S NAHB Housing Market Index 66
Tentative GBP Inflation Report Hearings
Tentative EUR German Buba Monthly Report
MARKET CHART
Loco Gold Daily Chart (LGD)