Thursday, 16 July 2020
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GLOBAL
US Again Breaks World Record for Most Reported COVID-19 Cases in a Day
Thursday, 16 July 2020 17:34 WIB

The United States shattered its own record Wednesday for the most reported COVID-19 cases in a 24-hour period “ 67,600 according to Johns Hopkins University. With nearly 3.5 million confirmed cases and more than 137,358 deaths, the United States leads the world in both counts. Brazil trails the...

MARKET UPDATE
Dow Opens Lower After Disappointing China And U.S. Economic Data
Thursday, 16 July 2020 20:52 WIB

U.S. stocks fell at the start of Thursday's trade after disappointing Chinese economic data and elevated U.S. jobless claims underlined the struggles faced by the global economy as it looks to recover from the COVID-19 pandemic. The S&P 500 fell 0.8% to 3,202. The Dow Jones Industrial Average...

ECONOMY
U.S. Initial Jobless Claims Post Smallest Decline Since March
Thursday, 16 July 2020 19:51 WIB

Applications for U.S. unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or reversed across the South and West. Initial jobless claims in regular state programs totaled 1.3 million in the week ended July 11, down 10,000...

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 Dips On Firm Dollar, Stays Above $1,800 On Virus Fears
Thursday, 16 July 2020 19:22 WIB

Gold edged lower on Thursday as the dollar firmed, but worries over mounting coronavirus cases and worsening U.S.-China ties limited declines and kept bullion above the psychological $1,800 level. Spot gold eased 0.4% to $1,804.62 per ounce. Prices were $13.09 shy of $1,817.71, its highest since...

FISCAL & MONETARY
ECB Lagarde Says Heightened Uncertainty Means Stimulus Key
Thursday, 16 July 2020 20:25 WIB

European Central Bank President Christine Lagarde, warning of œelevated uncertainty and slack in the economy because of the coronavirus, pledged to continue taking whatever steps needed to shore up growth and inflation. The ECB chief spoke after her Governing Council agreed on...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
01.00 U.S Beige Book - -
08.00 AUD MI Inflation Expectations 3.3% 3.2%
08.30 AUD Employment Change -264.1K 210.8K
08.30 AUD Unemployment Rate 7.1% 7.4%
09.00 CHN GDP q/y -6.8% 3.2%
MARKET CHART
Loco Gold Daily Chart (LGD)