Tuesday, 14 July 2020
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GLOBAL
WHO Warns 'No Return to Normal' Amid Pandemic
Tuesday, 14 July 2020 10:16 WIB

The World Health Organization (WHO) warned Monday that there would be œno return to the old 'normal™ for the foreseeable future as COVID-19 cases rise across the globe. Nearly 13 million confirmed cases of COVID-19 have been reported around the world resulting in nearly 570,000 deaths,...

MARKET UPDATE
Hong Kong stocks start lower
Tuesday, 14 July 2020 09:05 WIB

Hong Kong shares opened lower Tuesday after the city joined several countries in reimposing containment measures as the virus sees a resurgence, fuelling worries about the economic recovery. The Hang Seng Index slipped 0.42 percent, or 108.96 points, to 25,663.16. The benchmark Shanghai...

ECONOMY
U.S. Initial Jobless Claims Fell Last Week by More Than Forecast
Thursday, 9 July 2020 19:43 WIB

Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases. Initial jobless claims in regular state programs fell by 99,000 to...

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 Steadies Amid U.S.-China Tensions, WHO's Warning
Tuesday, 14 July 2020 09:31 WIB

Spot gold was steady as investors weighed fresh tensions between the U.S. and China, this time over territorial claims, and the economic damage caused by the pandemic. The Trump administration rejected China™s expansive maritime claims in the South China Sea, reversing a previous...

FISCAL & MONETARY
BoE's Bailey Says Now is The Time to Plan for Post-Libor Era
Monday, 13 July 2020 23:22 WIB

Bank of England Governor Andrew Bailey said financial institutions must have plans in place now for the end-2021 deadline for dropping Libor (London Interbank Offered Rate), the discredited interest rate benchmark used to price trillions of dollars of financial contracts. Bailey acknowledged...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
01.00 U.S Federal Budget Balance -398.8B -864.1B
06.01 GBP BRC Retail Sales Monitor y/y 7.9% 10.9%
08.30 AUD NAB Business Confidence -20 1
11.30 JPN Revised Industrial Production m/m -8.4% -8.9%
13.00 EUR German Final CPI m/m 0.6%
MARKET CHART
Loco Gold Daily Chart (LGD)