Thursday, 18 April 2024
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GLOBAL
US Sanctions Companies Linked to Gold Trade to Fund Wagner Fighters
Wednesday, 28 June 2023 17:23 WIB

The United States on Tuesday accused companies in the United Arab Emirates, the Central African Republic and Russia of engaging in illicit gold deals to help fund the mercenary fighters of Russia's Wagner Group. The U.S. Treasury Department said in a statement it has sanctioned four companies...

MARKET UPDATE
S&P 500 Rises as It Tries to Recover from a 4-Day Losing Streak
Thursday, 18 April 2024 23:24 WIB

The S&P 500 advanced on Thursday as Wall Street attempted to recover its footing amid a losing streak for the benchmark index. Investors also continued parsing the latest corporate earnings reports. The broad index added 0.5%, while the Nasdaq Composite rose 0.4%. The Dow Jones Industrial...

ECONOMY
US Applications for Unemployment Benefits Held Steady at 212,000
Thursday, 18 April 2024 19:44 WIB

Initial applications for US unemployment benefits remained subdued last week, consistent with a healthy job market. Initial claims held at 212,000 in the week ended April 13, according to Labor Department data released on Thursday. The median forecast in a Bloomberg survey of economists...

GOLD CORNER
Wall Street and Main Street Still See Gains For Gold This Week Amid Extreme Volatility
Monday, 15 April 2024 13:10 WIB

Gold prices chugged along for much last week, trading between $2,300 and $2,360 through Wednesday, shaking off hotter-than-expected CPI and lulling market participants into a false sense of stability. Then, late Thursday, the rollercoaster began to ratchet back up, with spot gold hitting a new...

COMMODITY
US Dollar Modestly Firmer After Strong Data, Fed Comments
Thursday, 18 April 2024 23:12 WIB

The dollar drifted higher on Thursday as a mixed batch of U.S. data did little to shake views that the economy is still on solid ground, suggesting the Federal Reserve will likely delay the timing of its first rate cut since 2020 to later this year. Comments from New York Fed President John...

FISCAL & MONETARY
BoE's Bailey Says Latest Inflation Fall in Line with Forecasts
Thursday, 18 April 2024 00:10 WIB

British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be,"...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
01.00 U.S Beige Book - -
03.00 U.S TIC Long-Term Purchases 14.0B 71.5B
08.30 AUD Employment Change (AUD) 116.5K -6.6K
08.30 AUD Unemployment Rate 3.7% 3.8%
08.30 AUD NAB Quarterly Business Confidence -6 -2
MARKET CHART
Loco Gold Daily Chart (LGD)