Friday, 23 August 2019
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GLOBAL
Abe: Seoul's Ending of Intelligence Deal Damages Mutual Trust
Friday, 23 August 2019 17:13 WIB

Japan's prime minister said Friday that South Korea's decision to end a military intelligence sharing deal with Tokyo damages mutual trust. Shinzo Abe, speaking a day after Seoul announced its decision, said Tokyo œwill continue to closely coordinate with the U.S. to ensure regional peace and...

MARKET UPDATE
Dow sheds 130 points at the open as China says its readying $75 billion counter-tariffs on U.S. goods
Friday, 23 August 2019 20:51 WIB

The Dow average on Friday headed lower at the open along with the rest of the major indexes after a report surfaced indicating that China was ready to take retaliatory measures in its lasting tariff conflict with the U.S. A report from the Chinese ministry indicated that it was preparing to raise...

ECONOMY
German Companies Brace for Economic Recession as Orders Crumble
Thursday, 22 August 2019 14:47 WIB

Shrinking order books and expectations for a decline in output signal companies in Europe™s largest economy are bracing for a possible recession. German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business...

GOLD CORNER
Bearish Cracks Appearing In Bullish Gold Market
Monday, 19 August 2019 15:16 WIB

After three-straight weeks of gains, cracks are starting to appear in gold's bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey. It has been a volatile week for the precious metal as unprecedented recession fears and new...

COMMODITY
Gold prices head lower, set to snap weekly streak of gains ahead of Powell speech
Friday, 23 August 2019 19:19 WIB

Gold futures on Friday headed modestly lower ahead of much-awaited speech from Federal Reserve Chairman Jerome Powell near Jackson Hole, Wyo., which could provide some insights about health of the U.S. economy and the path of monetary policy ” key drivers for commodities. Powell is set to speak...

FISCAL & MONETARY
Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'
Friday, 23 August 2019 21:23 WIB

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.30 JPN National Core CPI y/y 0.6% 0.6%
19.59 EUR Belgian NBB Business Climate -5.0 -5.8
20.00 CHN CB Leading Index m/m 0.9% 1.3%
21.00 U.S New Home Sales 728K 635K
21.00 U.S Fed Chair Powell Speaks - -
MARKET CHART
Loco Gold Daily Chart (LGD)