Thursday, 17 October 2019
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GLOBAL
US Renews Call for 'Humane' Solution to Hong Kong
Thursday, 17 October 2019 10:47 WIB

U.S. officials are renewing their call for a "humane" solution to the situation in Hong Kong, where ongoing protests show no immediate sign of ending. Earlier in an interview with Fox Business Network on Wednesday, Secretary of State Mike Pompeo said protesters in Hong Kong are asking the Chinese...

MARKET UPDATE
Nikkei pauses after jump to 10-month high; chip-related stocks retreat
Thursday, 17 October 2019 10:09 WIB

Japanese shares took a breather on Thursday, a day after rallying to more than 10-month highs, as investors waited for signs of progress on U.S.-China trade and Brexit negotiations. The benchmark Nikkei average edged 0.1% higher to 22,503.97 by the midday break, holding within a tight range near...

ECONOMY
Australian Unemployment rate 0.1% lower and AUD rallies some 30 pips
Thursday, 17 October 2019 08:00 WIB

Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon  as next month, so today's  labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate...

GOLD CORNER
Gold prices to return to $1,500 levels soon - analysts
Monday, 14 October 2019 11:29 WIB

Even though gold was getting beaten up last Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon. Gold fell more than 1% on Friday (10/11/19) with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce. Upbeat...

COMMODITY
Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles
Thursday, 17 October 2019 09:11 WIB

Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5...

FISCAL & MONETARY
The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs
Tuesday, 15 October 2019 08:06 WIB

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertainty was affecting international trade and business investment. This had continued to be apparent in...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
01.00 U.S Beige Book - -
03.00 U.S TIC Long-Term Purchases 83.8B -41.1B
07.30 AUD Employment Change 34.7K 14.7K
07.30 AUD Unemployment Rate 5.3% 5.2%
13.00 CHF Trade Balance (CHF) 1.59B
MARKET CHART
Loco Gold Daily Chart (LGD)