Friday, 29 March 2024
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GLOBAL
US Sanctions Companies Linked to Gold Trade to Fund Wagner Fighters
Wednesday, 28 June 2023 17:23 WIB

The United States on Tuesday accused companies in the United Arab Emirates, the Central African Republic and Russia of engaging in illicit gold deals to help fund the mercenary fighters of Russia's Wagner Group. The U.S. Treasury Department said in a statement it has sanctioned four companies...

MARKET UPDATE
Japan Stocks Bounce, While Most Asia-Pacific Markets Are Closed
Friday, 29 March 2024 08:04 WIB

Japan stocks bounced Friday, while most markets in the Asia-Pacific region stay shut for a public holiday. Japan's Nikkei 225 index gained 0.53%, after falling about 1.5% in the previous session. The broader Topix rose 0.67% following declines of 1.7%. The Japanese yen will be closely watched...

ECONOMY
Tokyo Inflation Slowdown Won't Knock the BOJ Off Rate Hike Path
Friday, 29 March 2024 08:58 WIB

Consumer price growth in Tokyo moderated while staying well above the central bank's inflation target, keeping authorities on track to consider more interest increases after they hiked earlier this month for the first time since 2007. Prices excluding fresh food rose 2.4% in March in the...

GOLD CORNER
Wall Street and Main Street See Green Lights For Gold Prices This Week
Monday, 11 March 2024 12:18 WIB

After last Friday's all-time high for a weekly close, gold picked right up where it left off last week, setting multiple all-time highs in both the spot and futures markets despite Fed Chair Powell's milquetoast Capitol Hill testimony and parallel all-time highs in equity markets and...

COMMODITY
EUR/GBP Drops To Near 0.8540 Following Dovish Comments From ECB's Policymakers
Friday, 29 March 2024 12:08 WIB

EUR/GBP continues its downward movement, influenced by challenges facing the Euro following dovish comments from European Central Bank (ECB) policymaker Francois Villeroy. During the Asian session on Friday, the EUR/GBP cross depreciates to near 0.8540. Villeroy highlighted a notable decline in...

FISCAL & MONETARY
Bank of England Sees Economy 'Moving in Right Direction' for Rate Cuts
Thursday, 21 March 2024 19:28 WIB

Britain's economy is "moving in the right direction" for the Bank of England to start cutting interest rates, Governor Andrew Bailey said as two of his colleagues dropped their vote a rate hike. The BoE's interest rate-setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% on...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.30 JPN Tokyo Core CPI y/y 2.5% 2.4%
06.30 JPN Unemployment Rate 2.4% 2.6%
06.50 JPN Prelim Industrial Production m/m -6.7% -0.1%
06.50 JPN Retail Sales y/y (JPN) 2.1% 4.6%
12.00 JPN Housing Starts y/y -7.5% -8.2%
MARKET CHART
Loco Gold Daily Chart (LGD)