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MARKET UPDATE
Nikkei gains but market optimism tested by valuations
Monday, 20 January 2020 09:47 WIB

Japanese shares edged higher on Monday, due to strong U.S. housing data and investor optimism following last week™s U.S.-China trade deal, though the market™s valuations are getting stretched. The Nikkei share average rose 0.19% to 24,087.51, staying near its 15-month high of 24,115.95 touched last week. The broader Topix gained 0.49% to 1,743.98 though trade was slow due to a U.S. market...

ECONOMY
U.K. Retail Sales Extend Worst Run on Record Despite Discounting
Friday, 17 January 2020 16:47 WIB

U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in stores and online fell 0.6% in December, confounding expectations of a 0.6% increase. Sales excluding auto fuel dropped 0.8%.  The figures, which include Black Friday and Cyber Monday, will...

COMMODITY
Dollar holds gains as investors cheer U.S. economic outlook
Monday, 20 January 2020 09:16 WIB

The dollar began the week on a firm note on Monday as economic data pointed to strength right across the U.S. economy, reducing the likelihood of interest rate cuts. The greenback held steady near a one-week high against the euro, at $1.1096, and just below an eight-month peak on the Japanese yen, at 110.19 yen per dollar. The pound edged lower on Monday to $1.3002, its weakest in a week....

GLOBAL
Top Iran Leader Says Trump is a 'Clown' Who Pretends Support
Friday, 17 January 2020 23:31 WIB

Iran's supreme leader says its missile attack on U.S. troops in Iraq earlier this month was a "blow to America's image'' as a superpower, as he led prayers in Tehran for the first time since 2012. Ayatollah Ali Khamenei said America had "cowardly'' killed the most effective commander in the fight against the Islamic State group when it killed Gen. Qassem Soleimani in a U.S....

FISCAL & MONETARY
BoE Could Give "Prompt Response" to Signs of Lasting Weakness in UK Economy - Carney
Thursday, 9 January 2020 17:07 WIB

Bank of England Governor Mark Carney said on Thursday there could be a "relatively prompt response" from the central bank if it looked like weakness in the economy will persist. "With the relatively limited space to cut Bank Rate, if evidence builds that the weakness in activity could persist, risk management considerations would favour a relatively prompt response,...

ECONOMIC CALENDAR
Time Country IM Figures Previous Forecast Actual
07.01 GBP L Rightmove HPI m/m -0.9% - 2.3%
11.30 JPN L Revised Industrial Production m/m -0.9% -0.9%
All Day U.S L Bank Holiday - - -
Tentative EUR L German Buba Monthly Report
MARKET REVIEW
GOLD CORNER
Wall Street, Main Street expect gold price uptrend to continue
Monday, 20 January 2020 10:52 WIB

Wall Street and Main Street alike look for gold to continue the recent bounce this week.             Thirteen market professionals took part in the Wall Street survey. Ten, or 77%, called for gold to rise. There were no votes saying gold would fall, with three voters, or 23%, neutral or calling for a sideways...