Monday, 20 May 2019
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GLOBAL
Trump: Fighting the US Will Be 'Official End of Iran'
Monday, 20 May 2019 10:16 WIB

President Donald Trump has given a strong warning to Iran, threatening its destruction if it attacks the United States or U.S. interests. "If Iran wants to fight, that will be the official end of Iran," Trump tweeted Sunday. "Never threaten the United States again!" Just three days earlier,...

MARKET UPDATE
China Stocks Near Three-Month Low as Huawei Ban Adds to Nerves
Monday, 20 May 2019 11:45 WIB

China™s stocks traded near their lowest since February before bouncing back, showing the growing uncertainty over whether the country™s $1.2 trillion rout is over. The Shanghai Composite Index slipped 0.4% at 11:10 a.m. local time, after earlier losing as much as 1.5%. The gauge is now among...

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
Oil Jumps as OPEC Signals Continued Cuts and U.S. Threatens Iran
Monday, 20 May 2019 08:51 WIB

Oil started the week strong after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while U.S. tensions with Iran ratcheted up as President Donald Trumpthreatened the country in a tweet. Futures in New York rose as much as 1.3%,...

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%
15.00 EUR Current Account 26.8B
MARKET CHART
Loco Gold Daily Chart (LGD)