Tuesday, 19 March 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
Japan Stocks Rise as Yen Weakens After Bank of Japan Raises Rate
Tuesday, 19 March 2024 13:20 WIB

Japanese stocks rose as the yen weakened after the Bank of Japan brought an end to the world's last negative rates in a widely expected move while keeping financial conditions easy for now.  Topix rose 1.1% to 2,750.97 as of 3 p.m. Tokyo time Nikkei 225 advanced 0.7% to...

ECONOMY
RBA Keeps Interest Rates Steady, But Tempers Hawkish Language
Tuesday, 19 March 2024 10:58 WIB

The Reserve Bank of Australia left interest rates unchanged as widely expected on Tuesday, and said that while inflation had moderated substantially in recent months, it still remained too high. But the central bank struck a somewhat less hawkish note in its policy statement than its prior...

GOLD CORNER
Wall Street and Main Street See Green Lights For Gold Prices This Week
Monday, 11 March 2024 12:18 WIB

After last Friday's all-time high for a weekly close, gold picked right up where it left off last week, setting multiple all-time highs in both the spot and futures markets despite Fed Chair Powell's milquetoast Capitol Hill testimony and parallel all-time highs in equity markets and...

COMMODITY
Yen Slides After BOJ Ends Negative Rates; Aussie Falls
Tuesday, 19 March 2024 11:41 WIB

The yen fell on Tuesday after the Bank of Japan (BOJ) ended its negative interest rate policy in a monumental but highly anticipated decision, while the Australian dollar also slid after its central bank kept rates steady. The BOJ ended eight years of negative interest rates and other remnants of...

FISCAL & MONETARY
BOJ Hikes Interest Rates for First Time Since 2007, Hitting Yen
Tuesday, 19 March 2024 11:18 WIB

The Bank of Japan pulled the curtain on the most aggressive monetary easing program in modern history by ending the world's last negative interest rate along with its yield curve control mechanism, a widely expected move that weakened the yen. The central bank set a new policy rate range of...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
10.30 AUD Cash Rate 4.35% 4.35%
10.30 AUD RBA Rate Statement - -
10.36 JPN Monetary Policy Statement - -
10.36 JPN BOJ Policy Rate -0.10% 0.10%
11.30 JPN Revised Industrial Production m/m -7.5% -6.7%
MARKET CHART
Loco Gold Daily Chart (LGD)