Thursday, 22 August 2019
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GLOBAL
2 US Service Members Killed in Afghanistan
Thursday, 22 August 2019 10:41 WIB

Two U.S. service members were "killed in action" Wednesday in Afghanistan, the U.S. military said, as talks between the U.S. and the Taliban were set to resume in Qatar. U.S. officials confirmed this was an active combat situation but would not say which enemy the U.S. troops were fighting. An...

MARKET UPDATE
US futures point to slightly higher open
Thursday, 22 August 2019 16:24 WIB

U.S. stock index futures were slightly higher Thursday morning. At around 03:45 a.m. ET, Dow futures rose 36 points, indicating a positive open of more than 67 points. Futures on the S&P and Nasdaq were both slightly higher. Market focus is largely attuned to the Federal Reserve's central...

ECONOMY
German Companies Brace for Economic Recession as Orders Crumble
Thursday, 22 August 2019 14:47 WIB

Shrinking order books and expectations for a decline in output signal companies in Europe™s largest economy are bracing for a possible recession. German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business...

GOLD CORNER
Bearish Cracks Appearing In Bullish Gold Market
Monday, 19 August 2019 15:16 WIB

After three-straight weeks of gains, cracks are starting to appear in gold's bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey. It has been a volatile week for the precious metal as unprecedented recession fears and new...

COMMODITY
Gold edges lower, focus on Jackson Hole summit for rate-cut direction
Thursday, 22 August 2019 15:39 WIB

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT. U.S. gold...

FISCAL & MONETARY
Fed Saw July Rate Cut as Insurance for Growth and Inflation
Thursday, 22 August 2019 01:24 WIB

Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump™s trade war. œMembers who voted for the policy action sought to better...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
01.00 U.S FOMC Meeting Minutes - -
06.00 AUD Flash Manufacturing PMI 51.6 51.3
07.30 JPN Flash Manufacturing PMI (JPN) 49.4 49.5
11.30 JPN All Industries Activity m/m 0.5% -0.8%
14.15 EUR French Flash Services PMI 52.6 53.3
MARKET CHART
Loco Gold Daily Chart (LGD)