Thursday, 23 May 2019
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GLOBAL
US Aside, China Fears Mostly Japan’s Influence in Disputed Sea
Wednesday, 22 May 2019 23:37 WIB

Japan is shaping up as China's chief rival in the disputed South China Sea because it has a sustained, multi-pronged approach and a unique set of reasons to test Beijing™s growing influence, analysts say. The country has emerged since 2017 as a force in the sea. It works with the United States...

MARKET UPDATE
Europe markets close lower as trade war threatens to become tech war; Brexit tensions rise
Wednesday, 22 May 2019 23:13 WIB

European markets traded lower Wednesday as investors monitored the increasing involvement of technology giants in the U.S.-China trade war. The pan-European STOXX 600 closed down 0.15% to 379.19, banks showing a 1.45% drop while technology stocks led gains, rising 1.24%. U.K. stocks traded 0.21%...

ECONOMY
U.K. Inflation Climbs Above Target on Energy Costs, Air Fares
Wednesday, 22 May 2019 15:50 WIB

Energy and transport costs pushed U.K. inflation back above target last month. Consumer prices rose 2.1% from a year earlier, ending a three- month spell of inflation below the Bank of England™s 2 percent goal, Office for National Statistics figures published Wednesday show. The figure was...

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
Pound Recoups Some Losses after Sky News Report on PM May Resignation
Wednesday, 22 May 2019 23:21 WIB

Sterling recovered some of its earlier losses against the dollar and the euro on Wednesday after a Sky News report that Prime Minister Theresa May was going to resign later in the day. The currency had earlier fallen as much as 0.6% to a four-month low of $1.2625 and plumbed a three-month low...

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
01.00 U.S FOMC Meeting Minutes - -
06.00 AUD Flash Manufacturing PMI 50.9
07.30 JPN Flash Manufacturing PMI (JPN) 50.2
13.00 EUR German Final GDP q/q 0.4%
14.15 EUR French Flash Services PMI 50.5
MARKET CHART
Loco Gold Daily Chart (LGD)