Wednesday, 19 February 2020
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GLOBAL
US Sanctions Russian Oil Trading Firm for Role in Venezuela
Wednesday, 19 February 2020 18:29 WIB

The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro keep his grip on power in the South American country. Administration officials said Rosneft...

MARKET UPDATE
US Futures Point to a Slightly Higher Open
Wednesday, 19 February 2020 18:16 WIB

U.S. stock index futures were slightly higher Wednesday morning. Around 6 a.m. ET, Dow futures indicated a positive open of more than 60 points. Futures on the S&P and Nasdaq were both marginally higher. Market focus remains largely attuned to the potential economic fallout of the...

ECONOMY
U.K. Inflation Rises More Than Forecast to Highest in Six Months
Wednesday, 19 February 2020 16:46 WIB

U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National Statistics said Wednesday. Core inflation picked...

GOLD CORNER
Gold Prices To Stay Healthy Amid Continuing Virus Worries
Monday, 17 February 2020 15:49 WIB

Voters in the weekly Kitco gold survey are bullish on the metal this week, citing gold's ability to hold up even when the dollar and equities strengthen, technical factors and ongoing worries about how the coronavirus could impact the global economy. Seventeen market professionals took part in...

COMMODITY
Oil Hits Two-Week High on China Stimulus Hopes, Supply Risks
Wednesday, 19 February 2020 18:49 WIB

Oil rose to a two-week high on hopes that economic stimulus from China can revive demand battered by the coronavirus, and as a number of OPEC nations faced threats to their production. Brent futures increased for a seventh day, the longest run of gains since early 2019, even as Chinese...

FISCAL & MONETARY
RBA Reviewed Case for Further Rate Cut, Worried About Borrowing
Tuesday, 18 February 2020 08:02 WIB

Australia™s central bank reviewed the case for a further interest-rate cut, but decided against it in order to avoid encouraging additional borrowing as house prices climb, minutes of its Feb. 4 meeting in Sydney showed. The Reserve Bank also expects the coronavirus outbreak to œsubtract from...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
04.00 U.S TIC Long-Term Purchases 27.1B 85.6B
06.50 JPN Core Machinery Orders m/m 18.0% -12.5%
06.50 JPN Trade Balance (JPN) -0.11T -0.22T
07.30 AUD Wage Price Index q/q 0.5% 0.5%
16.00 EUR Current Account 32.4B 32.6B
MARKET CHART
Loco Gold Daily Chart (LGD)