Thursday, 16 July 2020
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GLOBAL
US Again Breaks World Record for Most Reported COVID-19 Cases in a Day
Thursday, 16 July 2020 17:34 WIB

The United States shattered its own record Wednesday for the most reported COVID-19 cases in a 24-hour period “ 67,600 according to Johns Hopkins University. With nearly 3.5 million confirmed cases and more than 137,358 deaths, the United States leads the world in both counts. Brazil trails the...

MARKET UPDATE
Dow Futures Drop 200 Points as Investors Focus on Earnings, China Sell-Off
Thursday, 16 July 2020 16:19 WIB

U.S. stock futures pulled back early Thursday, with investors focused on earnings results and sharp losses in Asia shares overnight. Futures on the Dow Jones Industrial Average pointed to a loss of about 200 points at the open. S&P 500 futures and Nasdaq 100 futures also indicated a negative...

ECONOMY
China's second-quarter GDP grows 3.2% year-on-year, beats expectations
Thursday, 16 July 2020 09:47 WIB

China's economy grew 3.2% in the second-quarter from a year earlier, data showed on Thursday, recovering from a record contraction as lockdown measures ended and policymakers stepped up stimulus to combat the shock from the coronavirus crisis. The growth was faster than the 2.5% forecast by...

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
Gold Dips On Firm Dollar, Stays Above $1,800 On Virus Fears
Thursday, 16 July 2020 19:22 WIB

Gold edged lower on Thursday as the dollar firmed, but worries over mounting coronavirus cases and worsening U.S.-China ties limited declines and kept bullion above the psychological $1,800 level. Spot gold eased 0.4% to $1,804.62 per ounce. Prices were $13.09 shy of $1,817.71, its highest since...

FISCAL & MONETARY
ECB Leaves Rates Unchanged, Makes No Changes To Asset-Buying Program
Thursday, 16 July 2020 18:59 WIB

The European Central Bank, as expected, made no changes Thursday to interest rates or its asset-buying program, taking a breather after expanding the size of its pandemic emergency purchase program, or PEPP, in June. The ECB left its deposit rate at minus 0.5% and its refinancing rate at 0%, and...

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)