Monday, 20 May 2019
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GLOBAL
Australia Prime Minister Has 'Miracle' Election Win
Monday, 20 May 2019 18:22 WIB

Australia's prime minister went to his Pentecostal church Sunday after nailing a surprise victory Saturday in the country's general election. Polls had indicated that Scott Morrison and his conservative Liberal-National coalition government were sure to loose. The polls, however, were wrong. "I...

MARKET UPDATE
Wall St. Lower as Tech Stocks Sell-Off on Huawei Fallout Worries
Monday, 20 May 2019 23:34 WIB

U.S. stocks fell on Monday, as Washington's crackdown on China's Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world™s two largest economies. Apple Inc slumped 3.3%, weighing the most on the three main indexes and...

ECONOMY
U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases
Wednesday, 15 May 2019 19:53 WIB

U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter. The value of overall sales declined 0.2% after a 1.7% increase the prior...

GOLD CORNER
Trade Wars Not Building Enough Fear To Push Investors Into Gold - Analysts
Monday, 13 May 2019 13:54 WIB

Heightened global trade tensions are pumping volatility into financial markets, but there is still not enough fear to drive gold prices materially higher, according to some analysts. Falling equity markets are helping gold prices end last week in positive territory, but the market remains trapped...

COMMODITY
Sterling Inches Off Lows after Biggest Weekly Drop This Year
Monday, 20 May 2019 23:22 WIB

Sterling inched away from its weakest levels since January on Monday as Britain's prime minister made a last-ditch bid to get a Brexit deal through parliament before she leaves office, though scepticism from the opposition Labour Party capped gains. After failing three times to get parliament's...

FISCAL & MONETARY
RBA Slashes Near-Term Growth Outlook as Employment Key to Rates
Friday, 10 May 2019 08:57 WIB

Australia's central bank slashed its near-term growth outlook and is relying on persistent jobs market strength to cushion a property-driven downturn in household spending. The economy is expected to expand 1.75% in the year through June versus 2.5% seen three months earlier, and is then forecast...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.01 GBP Rightmove HPI m/m 1.1% 0.9%
06.50 JPN Prelim GDP Price Index y/y -0.3% 0.2%
06.50 JPN Prelim GDP q/q 0.5% 0.5%
11.30 JPN Revised Industrial Production m/m -0.9% -0.6%
15.00 EUR Current Account 27.9B 24.7B
MARKET CHART
Loco Gold Daily Chart (LGD)