Monday, 20 May 2019
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GLOBAL
Trade Tensions Seen Tightening Job Market for Chinese Graduates
Saturday, 18 May 2019 00:13 WIB

A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating trade tensions between Washington and Beijing. Observers say that as China™s export-dependent economy braces for more hits from tariff hikes, which U.S. President Donald...

MARKET UPDATE
Japanese shares edge up on stronger-than-expected GDP data
Monday, 20 May 2019 09:57 WIB

Japan's Nikkei share average edged higher on Monday as domestic economic growth in the first quarter proved firmer than expected, although market gains were limited as the data also pointed towards lacklustre domestic demand. The Nikkei was up 0.3% at 21,309.25 as of 0159 GMT. Data released on...

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)