Tuesday, 19 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
European markets open lower as investors look ahead to Fed meeting
Tuesday, 19 March 2024 15:29 WIB

European markets opened lower Tuesday as global investors look ahead to the start of the U.S. Federal Reserve's two-day policy meeting. The pan-European Stoxx 600 was down 0.1% in early deals, with sectors in mixed territory. Financial services stocks were down 0.7%, while oil and gas stocks rose...

ECONOMY
RBA Keeps Interest Rates Steady, But Tempers Hawkish Language
Tuesday, 19 March 2024 10:58 WIB

The Reserve Bank of Australia left interest rates unchanged as widely expected on Tuesday, and said that while inflation had moderated substantially in recent months, it still remained too high. But the central bank struck a somewhat less hawkish note in its policy statement than its prior...

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
Oil slips as Russia lifts supplies, jet fuel demand stirs caution
Tuesday, 19 March 2024 15:08 WIB

Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of the Fed's decision on U.S. interest rates. The Brent crude oil futures contract for May delivery slipped 15...

FISCAL & MONETARY
BOJ Governor Ueda's Comments at News Conference
Tuesday, 19 March 2024 14:44 WIB

The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. The shift makes Japan the last central bank to exit negative rates and...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
10.30 AUD Cash Rate 4.35% 4.35%
10.30 AUD RBA Rate Statement - -
10.36 JPN Monetary Policy Statement - -
10.36 JPN BOJ Policy Rate -0.10% 0.10%
11.30 JPN Revised Industrial Production m/m -7.5% -6.7%
MARKET CHART
Loco Gold Daily Chart (LGD)