Monday, 06 July 2020
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GLOBAL
Britain Poised to Ban China's Huawei
Monday, 6 July 2020 10:28 WIB

The British government is set to end the participation of Chinese telecom giant Huawei in the building of Britain™s 5G phone network ” a policy about-turn that will further deteriorate London™s strained relations with Beijing, but will please Washington, according to British media...

MARKET UPDATE
Tokyo's Nikkei Closes Up for Third Straight Session
Monday, 6 July 2020 13:41 WIB

Tokyo's benchmark Nikkei index rose for a third consecutive session on Monday as rallies in Asian shares offset concerns for a continued rebound in global coronavirus infections. The Nikkei 225 index jumped 1.83 percent, or 407.96 points, to close at 22,714.44, while the broader Topix index was...

ECONOMY
UK Final Services PMI revised higher to 47.1 for June; GBP/USD holds steady above mid-1.2400s
Friday, 3 July 2020 15:57 WIB

The headline seasonally adjusted final IHS Markit/CIPS UK Services PMI Business Activity Index posted 47.1 in June, up sharply from 29.0 in May and the highest for four months. This compared with the earlier 'flash' figure of 47.0 in June. The data did little to influence the British pound or...

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
Oil Prices Mixed as Coronavirus Spike Casts Shadow Over U.S. Demand
Monday, 6 July 2020 13:12 WIB

Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States. Brent crude rose 18 cents, or 0.4%, to $42.98 a...

FISCAL & MONETARY
ECB's Lagarde: Economic recovery will be a complicated matter
Friday, 26 June 2020 15:19 WIB

European Central Bank (ECB) President Christine Lagarde, while presenting at an Online Summit organised by the European Business Leaders' Convention, said that we probably have passed the lowest point of the crisis. Additional quotes: Still cautious because of the second wave of infections....

ECONOMIC CALENDAR
Time Country Figures Previous Actual
08.30 AUD ANZ Job Advertisements m/m -0.3% 42.0%
13.00 EUR German Factory Orders m/m -26.2% 10.4%
15.30 EUR Sentix Investor Confidence -24.8
15.30 GBP Construction PMI 28.9
16.00 EUR Retail Sales m/m -11.7%
MARKET CHART
Loco Gold Daily Chart (LGD)