Monday, 17 June 2019
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GLOBAL
US Guarantees Hormuz Shipping Passage
Monday, 17 June 2019 10:39 WIB

The United States says it will "guarantee freedom of navigation" for shipping through the Strait of Hormuz through diplomatic talks or military intervention, contending again that it was "unmistakable" that Iran launched last week's attacks on two tankers sailing through the narrow...

MARKET UPDATE
European Stocks Open Cautiously Higher as Investors Await Crucial Fed Meeting
Monday, 17 June 2019 14:26 WIB

European stocks opened slightly higher Monday as investors await this week™s crucial U.S. Federal Reserve meeting. The pan-European Stoxx 600 nudged 0.1% higher after the opening bell, banks leading gains with a 0.7% jump while travel and leisure stocks dropped 0.7%. Investors will be...

ECONOMY
Retail sales look strong, with a solid gain in May and upward revision to prior month
Friday, 14 June 2019 19:50 WIB

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain. Retail sales increased 0.5% in May, with broad-based gains, the Commerce Department said Friday. Economists...

GOLD CORNER
Gold Has Enough Momentum To Push Through $1,350 This Week - Analysts
Monday, 10 June 2019 15:06 WIB

The gold market is seeing its best weekly performance in more than a year and some analyst have said that the precious metal has enough momentum to break through critical long-term resistance in the near-term. Disappointing employment growth in the U.S. has pushed gold prices back to within...

COMMODITY
Oil Prices Gain Amid Middle East Tensions
Monday, 17 June 2019 13:15 WIB

Oil prices gained on Monday in Asia amid Middle East tensions. U.S. Crude Oil WTI Futures inched up 0.1% to $52.83 by 1:05 AM ET (05:05 GMT). International Brent Oil Futures gained 0.2% to $62.13. Attacks on two oil tankers in the Gulf of Oman were cited as providing continuing support to the...

FISCAL & MONETARY
SNB Keeps Policy on Hold as Expected; Says Franc “Highly Valued”
Thursday, 13 June 2019 14:46 WIB

Swiss National Bank introduces new policy rate to replace three-month Libor band since future of Libor is uncertain. Keeps deposit rate unchanged at -0.75%, as forecast by economists in Bloomberg survey. SNB will remain active in FX market as necessary. Says CHF remains highly valued. Sees...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.01 GBP Rightmove HPI m/m 0.9% 0.3%
19.30 U.S Empire State Manufacturing Index 17.8
21.00 U.S NAHB Housing Market Index 66
Tentative GBP Inflation Report Hearings
Tentative EUR German Buba Monthly Report
MARKET CHART
Loco Gold Daily Chart (LGD)