Thursday, 16 July 2020
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GLOBAL
US Imposes Visa Restrictions on Chinese Tech Companies' Employees
Thursday, 16 July 2020 23:31 WIB

The United States is imposing visa restrictions on certain employees of Chinese technology companies, including Huawei, for providing œmaterial support to regimes engaging in human rights violations and abuses globally.'' Wednesday, U.S. Secretary of State Mike Pompeo said telecommunications...

MARKET UPDATE
Stocks Trade Lower after Mixed U.S. Corporate Earnings and Economic Data
Thursday, 16 July 2020 23:26 WIB

U.S. stocks traded lower mid-morning Thursday, led by technology stocks, as investors parsed mixed corporate earnings reports and economic data in the wake of a drop in Asian markets with U.S.-China tensions a factor also. The Dow Jones Industrial Average was down 108 points, or 0.4%, to trade...

ECONOMY
U.S. Initial Jobless Claims Post Smallest Decline Since March
Thursday, 16 July 2020 19:51 WIB

Applications for U.S. unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or reversed across the South and West. Initial jobless claims in regular state programs totaled 1.3 million in the week ended July 11, down 10,000...

GOLD CORNER
'Record-Highs in Sight': Gold on Path North of $1,800 This Week - Analysts
Monday, 13 July 2020 15:47 WIB

Gold is rallying for the fifth week in a row and the bullish trend is targeting the 2011 record-highs in USD-terms, according to analysts. At the time of writing, gold was holding on above $1,800 an ounce with August Comex gold futures trading at $1,808.30, up 0.25% last week. Investors seem to...

COMMODITY
Dollar Dips after Rise in U.S. Retail Sales
Thursday, 16 July 2020 23:13 WIB

The safe-haven U.S. dollar fell modestly in morning trading on Thursday after domestic retail sales data for June came in better than expected, though the move was limited by jobless claims and a drop in U.S. equities. Retail sales in June increased for the second consecutive month, according to...

FISCAL & MONETARY
ECB Lagarde Says Heightened Uncertainty Means Stimulus Key
Thursday, 16 July 2020 20:25 WIB

European Central Bank President Christine Lagarde, warning of œelevated uncertainty and slack in the economy because of the coronavirus, pledged to continue taking whatever steps needed to shore up growth and inflation. The ECB chief spoke after her Governing Council agreed on...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
01.00 U.S Beige Book - -
08.00 AUD MI Inflation Expectations 3.3% 3.2%
08.30 AUD Employment Change -264.1K 210.8K
08.30 AUD Unemployment Rate 7.1% 7.4%
09.00 CHN GDP q/y -6.8% 3.2%
MARKET CHART
Loco Gold Daily Chart (LGD)