Wednesday, 19 February 2020
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GLOBAL
Australia Prepares To Rescue Citizens From Virus-Hit Cruise Ship
Wednesday, 19 February 2020 10:21 WIB

Australia is preparing to evacuate more than 200 of its citizens from the coronavirus-hit cruise ship, the Diamond Princess, in Yokohama, Japan. The Diamond Princess has been in quarantine since February 3. Onboard the cruise liner have been about 3,700 passengers and crew, including dozens of...

MARKET UPDATE
Hong Kong Stocks Close Higher
Wednesday, 19 February 2020 15:44 WIB

Hong Kong stocks closed higher Wednesday as investors bet on policymakers rolling out more measures to cushion the impact of the new coronavirus which is hurting corporate earnings and economic growth. The Hang Seng Index rose 0.5 percent, or 125.61 points, to 27,655.81. Mainland China's...

ECONOMY
German Investor Confidence Plunges Amid Coronavirus Risks
Tuesday, 18 February 2020 17:26 WIB

Investors have been plunged back into a gloomy mood over the German economy on concern the coronavirus outbreak in China will disrupt global trade. ZEW's index of expectations for the next six months decreased to 8.7 in February, below even the most pessimistic estimate in a Bloomberg survey. The...

GOLD CORNER
Gold Prices To Stay Healthy Amid Continuing Virus Worries
Monday, 17 February 2020 15:49 WIB

Voters in the weekly Kitco gold survey are bullish on the metal this week, citing gold's ability to hold up even when the dollar and equities strengthen, technical factors and ongoing worries about how the coronavirus could impact the global economy. Seventeen market professionals took part in...

COMMODITY
Gold Prices Up; Fed Minutes Eyed
Wednesday, 19 February 2020 15:54 WIB

Gold prices inched up on Wednesday as traders await the U.S. Federal Reserve™s minutes of its latest meeting, which is due later in the day. Gold Futures for April delivery gained 0.2% to $1,607.25 by 1:45 AM ET (05:45 GMT). The yellow metal gained more than 5% so far this year is now near its...

FISCAL & MONETARY
RBA Reviewed Case for Further Rate Cut, Worried About Borrowing
Tuesday, 18 February 2020 08:02 WIB

Australia™s central bank reviewed the case for a further interest-rate cut, but decided against it in order to avoid encouraging additional borrowing as house prices climb, minutes of its Feb. 4 meeting in Sydney showed. The Reserve Bank also expects the coronavirus outbreak to œsubtract from...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
04.00 U.S TIC Long-Term Purchases 22.9B 85.6B
06.50 JPN Core Machinery Orders m/m 18.0% -12.5%
06.50 JPN Trade Balance (JPN) -0.10T -0.22T
07.30 AUD Wage Price Index q/q 0.5% 0.5%
16.00 EUR Current Account 33.9B 32.6B
MARKET CHART
Loco Gold Daily Chart (LGD)