Thursday, 09 July 2020
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GLOBAL
Facebook Removes False Accounts Linked to Brazil's Bolsonaro
Thursday, 9 July 2020 10:50 WIB

Social media giant Facebook said Wednesday that it had removed dozens of accounts linked to supporters or employees of Brazilian President Jair Bolsonaro as part of an investigation into the spread of false news online. Nathaniel Gleicher, the company's head of cybersecurity policy, said in a...

MARKET UPDATE
Tokyo's Nikkei Closes Up on US Rallies
Thursday, 9 July 2020 13:50 WIB

Tokyo's benchmark Nikkei index closed higher Thursday on US rallies, but early gains were partially erased following reports that the number of new coronavirus cases in Tokyo hit a single-day record. The Nikkei 225 index rose 0.40 percent, or 90.64 points, to 22,529.29, but the broader Topix...

ECONOMY
U.S. Services Index Jumps to a Four-Month High on Reopenings
Monday, 6 July 2020 21:14 WIB

A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns. The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points...

GOLD CORNER
Gold price bull rally: the drive is alive
Monday, 6 July 2020 13:40 WIB

Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong fundamentals and what appears to be an unstoppable uptrend, retail investors and Wall Street analysts are significantly bullish on gold. Of the 17 Wall Street...

COMMODITY
Dollar Retreats Over Increased Hopes of Economic Recovery
Thursday, 9 July 2020 13:16 WIB

The dollar was down on Thursday morning in Asia, with investors retreating from the safe-haven asset over increased hopes of an economic recovery. Corporate earnings from U.S. companies such as Apple and Amazon are due next week, increasing investor risk appetite. But the increase was capped by...

FISCAL & MONETARY
RBA Highlights Recovery Uncertainties as Second Wave Threatens
Tuesday, 7 July 2020 14:06 WIB

Australia™s central bank chief highlighted worries among households and businesses about the health and economic outlook, as the nation™s successful run of Covid-19 containment was rocked by a new outbreak, damping the economy™s otherwise improving prospects. Reserve Bank of Australia...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
00.01 U.S 10-y Bond Auction 0.83|2.3 0.65|2.6
02.00 U.S Consumer Credit m/m -68.8B -18.3B
08.30 CHN CPI y/y (CHN) 2.4% 2.5%
08.30 CHN PPI y/y -3.7% -3.0%
13.00 EUR German Trade Balance 3.4B 7.6B
MARKET CHART
Loco Gold Daily Chart (LGD)