Thursday, 27 June 2019
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GLOBAL
Mueller to Testify in Open Congressional Hearing
Thursday, 27 June 2019 01:19 WIB

Former Special counsel Robert Mueller has agreed to provide open testimony before the U.S. House Judiciary Committee and the House Intelligence Committee next month. The chairmen of the two panels, Rep. Jerrold Nadler and Rep. Adam Schiff, announced in a letter late Tuesday that Mueller would...

MARKET UPDATE
Wall St. rises on tech gains, trade hopes
Wednesday, 26 June 2019 23:32 WIB

U.S. stocks rose on Wednesday as gains in chipmaker Micron boosted the technology sector and comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks. Market participants are hoping for a speedy resolution of...

ECONOMY
Durable-Goods Orders Drop 1.3% in May, But Business Investment Picks Up In Reassuring Sign
Wednesday, 26 June 2019 19:48 WIB

Orders for U.S. durable goods fell in May for the third time in four months, held down by a canceled deal for Boeing™s troubled 737 Max jet. Yet business investment perked up in a somewhat reassuring sign that companies haven™t frozen spending amid a tense trade fight with China and signs of a...

GOLD CORNER
You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
Monday, 24 June 2019 15:44 WIB

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years. Although gold prices are off their highs after breaking above $1,400, the market is still seeing its best weekly gains in more than three years. August gold...

COMMODITY
Gold settles lower after 4-session climb lifted prices near a 6-year high
Thursday, 27 June 2019 01:30 WIB

Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks. Also,...

FISCAL & MONETARY
Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB

Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done deal. While greater uncertainty about trade and worries about global economy might be starting to show through to economic data, officials don™t...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.50 JPN Retail Sales y/y 0.5%
14.00 EUR Spanish Flash CPI y/y 0.8%
19.30 U.S Final GDP q/q (US) 3.1%
19.30 U.S Final GDP Price Index q/q 0.8%
19.30 U.S Unemployment Claims 2.4%
MARKET CHART
Loco Gold Daily Chart (LGD)