Friday, 24 May 2019
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GLOBAL
Pompeo Accuses Huawei of Lying About Ties to Chinese Government
Friday, 24 May 2019 18:54 WIB

U.S. Secretary of State Mike Pompeo has accused the head of Chinese telecommunications giant Huawei Technologies of lying about his company's relationship with the government in Beijing. Pompeo said in a CNBC interview Thursday that Huawei "is tied not only to China but to the Chinese Communist...

MARKET UPDATE
Dow Rises 150 Points at Start of Friday But Poised for 5th Weekly Loss in a Row
Friday, 24 May 2019 20:45 WIB

U.S. stocks opened higher on Friday, capping a mostly downbeat week for equities, weighed by U.S.-China trade tensions, which put the three main indexes on track to post consecutive weekly losses heading into the Memorial Day holiday. The Dow Jones Industrial Average rose 150 points, or 0.6%, at...

ECONOMY
Durable-Goods Orders Slump 2.1% in April And Business Investment Almost Dries Up
Friday, 24 May 2019 20:02 WIB

Orders for durable or long-lasting goods fell sharply in April, mostly because of falling demand for Boeing jets and new cars and trucks. Business investment also continued to weaken, reflecting worries about the China trade fight and a slower U.S. economy. Orders for durable goods ” products...

GOLD CORNER
'Gold Has Nothing To Stand On Right Now': Watch The $1,269 Price Level - Analysts
Wednesday, 22 May 2019 10:19 WIB

The U.S. dollar has been stealing gold's thunder again as it took on a role of a safe-haven, with analysts warning to keep a close eye on the $1,269 level, which if broken can be a gateway to even lower prices. The yellow metal has been struggling this week as equities rebounded, the U.S. dollar...

COMMODITY
Gold on Track For Weekly Win After Reasserting Haven Role
Friday, 24 May 2019 20:33 WIB

Gold futures edged lower Friday but were on track for a weekly win after seeing renewed haven demand as trade-war worries rose. Gold for June delivery on Comex fell $2.40, or 0.2%, to $1,283 an ounce, while July silver was off 6.8 cents, or 0.5%, at $14.545 an ounce. Gold is on track for a 0.6%...

FISCAL & MONETARY
Fed minutes: Voters say patient stance can last 'for some time'
Thursday, 23 May 2019 01:16 WIB

The voting members of the Federal Open Market Committee seemed comfortable with their patient stance on interest rate, agreeing it could last for "some time," according to minutes of their April 30- May 1 meeting released Wednesday. Even if global economic and financial conditions improve, a...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.30 JPN National Core CPI y/y 0.8% 0.9%
11.30 JPN All Industries Activity m/m -0.2% -0.4%
15.30 GBP Retail Sales m/m (GBP) 1.2% 0.0%
17.00 GBP CBI Realized Sales 13 -27
19.30 U.S Core Durable Goods Orders m/m 0.3% 0.0%
MARKET CHART
Loco Gold Daily Chart (LGD)