Wednesday, 27 May 2020
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GLOBAL
First Human Trial of Potential COVID-19 Vaccine Underway in Australia
Wednesday, 27 May 2020 17:52 WIB

The southern hemisphere's first human trials of a potential coronavirus vaccine have started in Australia.  131 people aged between 18-59 are involved in the program in Melbourne and Brisbane.           The potential vaccine, NVX-CoV2373, is...

MARKET UPDATE
Wall Street Opens Higher on Recovery Optimism
Wednesday, 27 May 2020 20:51 WIB

U.S. stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, while investors remained cautious about brewing U.S.-China tensions. The Dow Jones Industrial Average rose 303.52 points, or 1.21%, at the open to 25,298.63. The...

ECONOMY
U.K. Retail Sales Fall by a Record 18% in April, Clothing Sales Slump 50%
Friday, 22 May 2020 13:44 WIB

A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday. The volume of sales fell 18.1% in April on the year, the biggest monthly drop on record, following a slide of 5.2% in March. All sectors...

GOLD CORNER
Wall St., Main St. Look for Gold to Regain its Luster
Monday, 25 May 2020 14:32 WIB

Wall Street and Main Street look for gold prices to rise this week, according to the weekly Kitco News gold survey. Traders and analysts who make up the Wall Street poll continued to cite the mass liquidity being dumped into the global economy to offset damage from the COVID-19 pandemic. Also,...

COMMODITY
Gold Slides Below $1,700 an Ounce as Stock-Market Rally Dulls Haven Appeal
Wednesday, 27 May 2020 19:57 WIB

Gold lost ground Wednesday, sliding below the psychologically important $1,700-an-ounce level as an ongoing stock-market rally in response to easing COVID-19 lockdowns robbed the yellow metal of its haven appeal. Gold for June delivery on Comex dropped $12.60, or 0.7%, to $1,693 an ounce, while...

FISCAL & MONETARY
RBA's Lowe: Australian financial system is resilient and is well placed to deal with COVID-19
Thursday, 21 May 2020 09:53 WIB

Reserve Bank of Australia (RBA) Governor Philip Lowe is on the wires now, via Reuters, speaking on a panel at FINSIA's "The Regulators" Webinar. "Australian financial system is resilient and is well placed to deal with COVID-19." "Capital and liquidity buffers that exist are available to be...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
08.30 AUD Construction Work Done q/q -2.9% -1.0%
14.30 EUR ECB President Lagarde Speaks - -
21.00 U.S Richmond Manufacturing Index -53 -27
MARKET CHART
Loco Gold Daily Chart (LGD)