InvestMacro

By Alpari.com

By Alpari.com

By Admiral Markets

Source: Economic Events July 22, 2019 – Admiral Markets’ Forex Calendar

With a thin economic calendar, we want to start the beginning of the week with a purely technical piece on the DAX30 CFD.

After the German index broke below 12,300 points Thursday or last week, driven by a short dip in US equities, the DAX30 CFD went for a test of the crucial region around 12,180/200 points.

‘Crucial’, because this region can be considered the trend support on the hourly chart, holding the sequence of higher highs and lows since the beginning of June in play.

Still, by the last weekly close bulls couldn’t recapture 12,300 points what leaves the DAX30 CFD vulnerable to another test of the region around 12,180/200 today and in the days to come.

A successful attempt to break lower activates the psychologically relevant region around 12,000 points, while recapturing 12,300 makes another test of 12,430/470.

Then, on Thursday with the ECB rate decision, the cards will be re-shuffled.

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Hourly chart (between July 1, 2019, to July 19, 2019). Accessed: July 19, 2019, at 10:00pm GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD daily chart (between April 10, 2018, to July 19, 2019). Accessed: July 19, 2019, at 10:00pm GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.

In 2014, the value of the DAX30 CFD increased by 2.65%, in 2015, it increased by 9.56%, in 2016, it increased by 6.87%, in 2017, it increased by 12.51%, in 2018, it fell by 18.26%, meaning that after five years, it was up by 10.5%.

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Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

1. This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
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3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter “Author”) based on the Author’s personal estimations.
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5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
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By Admiral Markets

By TheTechnicalTraders.com

Today, we are going to share with you some incredible charts that highlight why we believe all traders and investors need to stay keenly aware of the potential for very explosive moves over the next 6 to 12+ months.  We’ve authored a number of articles about super-cycles, Gold, Oil and dozens of other symbols suggesting that a deeper and more complicated economic shift is taking place throughout the world.  We’ve been following the trail of money and investments for many months and attempting to map out what we believe will happen in the future with our proprietary predictive modeling systems and adaptive learning utilities.  Get ready for some crazy price ranges and a big move in the markets over the next 30+ days.

Right now, we believe the US stock market is poised for another attempt to move briefly higher as a flood of earnings hits the news wires next week.  We are confident that the US stock market will attempt a move higher based on our predictive modeling systems and other technical analysis tools.  We want to warn you that this upside move will likely become a “wash-out high” price rotation where price rallies briefly, stalls, then reverses back to the downside fairly quickly.  We believe this “wash-out high” price pattern will set up and execute before August 5^th or so.  Be prepared as this move may sucker in a number of new long traders just before it breaks lower.

I highlighted the August 19^th date (+/- 5 days) as a key inflection point/date in the markets.  This is when we believe the US stock market may break down and when we believe a new price trend will attempt to establish.  We are concerned the US stock market may break downward fairly aggressively based on our super-cycle research and predictive modeling research – causing traders to panic slightly.

Our expectations are that the US stock market may fall as the global markets collapse is warranted by a number of factors: the US Presidential election, global trade issues, global credit issues, weakening economic data throughout the globe and lofty price valuation levels within the US stock market.  We believe a “price revaluation event” is the most likely outcome because of these factors and we believe the event will align with historical price patterns related to the US Presidential election cycle.

Weekly chart of the Transportation Index

This Weekly chart of the Transportation Index highlights the Volatility Range our Fibonacci price modeling system is suggesting.  The support level near $10,400 is key to understanding what to expect from the markets going forward.  This level is critical and when price breaks below this level, our researchers believe the TRAN will breakdown below the recent base near 9715 and continue much lower.

We don’t believe any upside price advance that takes place right now has any real momentum behind it. In fact, if you look at this historical chart of the trans, industrials, and small-cap sectors, we have seen a spike in price in these groups just for a week before a new bear market starts. This setup is identical to the 2007/08 top, so check out these charts here.

VIX Daily Chart Expectations

This VIX Daily chart highlights what we expect to happen over the next 10 to 15+ days.  We expect earnings to continue to deliver near expected results with a few bumps here and there.  We do believe some forward guidance revisions will create some shocks in the market going forward, but we don’t believe these guidance levels will present any real panic event until closer to the end of July.  This is why we believe the VIX will continue to move near recent lows for another 7+ days, then start a mild upside move near the last week in July before breaking higher with an explosive upside move setting up in very late July or early August.

This upside spike in the VIX will more likely be the result of the “wash-out high” rotation pattern that we suggested above. If you have been taking advantage of the perpetual short trade on UVXY where you can earn 20-45% a month the past 10 years, well that gravy train may be over soon, at least until the next bull market starts in 8-24 months from now. I’ll go into more detail on this in a future article.

Dow Jones (YM) Weekly chart

This Dow Jones (YM) Weekly chart paints a very clear picture of what we are expecting to see happen.  7 to 10+ days of moderate upside price activity creating the “wash-out high” price pattern where the YM trades near the $27,725 level (key resistance).  Once that “wash-out high” pattern is set up, we expect a moderate downside price rotation toward the $25,800 level.  This is the move that will prompt a VIX Spike and begin a “shake out” price move.

After that, brief support will create an opportunity where traders may consider a “buy the dip” entry before a deeper and more aggressive downside move begins near Mid August.  This is the August 19 Price Peak call that we initiated a few weeks ago.  We believe this move is already in the process of setting up based on our predictive modeling tools, the pre-election year cycle, and the decade cycle as seen here. We are alerting skilled traders so they can prepare for this setup.

CONCLUDING THOUGHTS:

In short, the opportunities for skilled technical traders over the next 16+ months is incredible.  Huge price swings, incredible trends, big rotations and 20%, 40%, 60%+ profits to be had if you know what to trade and when.  These types of stock market rotations are perfect for skilled technical traders like us and we want to help you prepare for and trade these opportunities.

This bear market has been a long time coming, but finally, almost all the signs are showing that it’s about to start. As a technical analyst since 1997 having lost a fortune and making a fortune from bull and bear markets I have a good understanding of how to best attack the market during its various stages.

Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our  Wealth Building & Global Financial Reset Newsletter.  You won’t want to miss this big move, folks.  As you can see from our research, everything has been setting up for this move for many months – most traders/investors have simply not been looking for it.

Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a 1oz Silver Round or Gold Bar Shipped To You Free.

I can tell you that huge moves are about to start unfolding not only in currencies, metals, or stocks but globally and some of these supercycles are going to last years. A gentleman by the name of Brad Matheny goes into great detail with his simple to understand charts and guide about this. His financial market research is one of a kind and a real eye-opener. 2020 Cycles – The Greatest Opportunity Of Your Lifetime

As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.

I’M GIVING AWAY – FREE GOLD & SILVER WITH MEMBERSHIPS

Kill two birds with one stone and subscribe for two years to get your FREE PRECIOUS METAL and get enough trades to profit through the next metals bull market and financial crisis!

Chris Vermeulen – TheTechnicalTraders.com

By TheTechnicalTraders.com

Our incredible ADL predictive modeling system predicted a moderate price anomaly on July 10^th, 2019 in Crude Oil.  We wrote about this oil set up on July 10th. Within this article, we suggested that Crude Oil would rotate to levels near $47~$48 rather quickly, then find some moderate support in December and January where support is likely to be found near $45 to $50. After that, the price of Oil should weaken dramatically where price could fall to levels below $30 ppb on extreme price weakness.

We are writing to you today to suggest that Oil prices may attempt to find very brief support near $55.25 as this level represents a key price trigger level which acts as support/resistance.  After such a big downside move for the week, it is our opinion that Oil will briefly hold near this $55.25 level as oil tries to hold support for a couple of days.

We believe the selling may abate or weaken slightly early next week as earnings continue to hit the news cycle and future expectations are adjusted based on this data.  Quite a bit of data will be released next week with the worlds biggest firms releasing Q2 data and Q3 expectations.  We believe this news/data will result in a brief pause in the decline of oil prices and allow traders to set up for the next move lower.

This Daily Crude Oil Chart highlights the downside price action this week as oil collapsed from the $60 upside target called from our early June oil video forecast. The chart below also highlights our Fibonacci price modeling tool that is currently suggesting support will be found just above $51 ppb – which is aligned with the previous price bottom in early June 2019.  Mild resistance is also found near $56.70 (the BLUE projected price level).  This level will likely act as a “congestion range” as price rotates and attempts another downside leg.

This Weekly Crude Oil chart highlights the bigger picture for oil.  The recent breakdown in price has just crossed the Bearish Fibonacci trigger level (RED LINE near $55.20) and this breach suggests the downside price move may just be starting. Ultimate downside targets near $40 to $44 are where we believe the price will find support over the next 30 to 60+ days.  Beyond these levels, the price may continue much lower and eventually breach the sub $30 level in Q1 or Q2 of 2020, which would likely be a strong cause of the pending bear market.

Concluding Thoughts:

Any deep downside price move like this in Crude Oil would suggest that economic weakness and supply/demand issues are the root causes of a Crude Oil price collapse.

If the downside move continues as we are suggesting, many foreign nations will come under extreme economic pressures and currency levels/support could become threatened as the foundation for many oil-based economies will begin to crumble.  This could create an extreme debt/credit issue for many nations throughout the planet and could push the US Dollar well above $100.  The implications for extended trends and trades is incredible when you consider the scope of the economic shift that will take place if Crude Oil does begin trading below $30 in early 2020.

$30-$40 crude oil could spark or further deeping the pending bear market which has been a long time coming. Almost all the signs are showing that it’s about to start so get ready. If you want someone to guide you through the next 12-24 months complete with detailed market analysis and trade alerts (entry, targets and exit price levels) join my ETF Trading Newsletter.

As a technical analyst since 1997 having lost a fortune and made fortunes from bull and bear markets I have a good understanding of how to best attack the market during its various stages.  The opportunities starting to present themselves will be life-changing if handled properly.

Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our  Wealth Building & Global Financial Reset Newsletter.  You won’t want to miss this big move, folks.  As you can see from our research, everything has been setting up for this move for many months – most traders/investors have simply not been looking for it.

Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis.

FREE GOLD or SILVER WITH MEMBERSHIP!

So kill two birds with one stone and subscribe for two years to get your FREE PRECIOUS METAL and get enough trades to profit through the next metals bull market and financial crisis!

Chris Vermeulen – TheTechnicalTraders.com

By Evan Lucas, FPMarkets.com

Our USD thesis is very much holding true. In fact, the fait accompli around the cut to the Federal Funds Rate has been strengthened further by several events of the past week.

These been:
– New York President John Williams confirming that its ‘better to take preventative measures’
– Vice Chair Richard Clarida followed this comment in an interview with Bloomberg with this comment: ‘When you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress’
– Chair Jerome Powell: “Uncertainties about this outlook have increased, particularly regarding trade developments and global growth…[We] will act as appropriate to dustain the expansion”

The fait accompli of the July FOMC meeting has moved to a debate about how much will the Board cut on the 31st? Will it be 25-basis point (bps) or a hard faster 50bps.

As of last week, there was a growing trend from traders that a 50bps cut was now becoming a possibility. Since the remarks above the probability of a 50bps cut have moved from 17% at the start of the week to 40% at time of writing, the momentum suggests it will go past 50% before the meeting.

This all but locks in USD weakness over this period; thus we again highlight ‘choice’ as the USD will tends to ‘overpower’ in all pairs.

However, will need to single out GBP and EUR as possible numerators to ignore for the following reasons:

GBP:
– Final week of the ‘mini-election’ for the PM role. Boris Johnson looks the most likely however Jeremy Hunt is still very much in the mix.
– A Brexit ‘no deal’ risk is building rapidly
– Bank of England is becoming dovish
All are risks on the GBP side

EUR:
– ECB meeting this week, likely to signal further accommodation
– Could cut Deposit and Lending rates as early as this week.
Risks on the EUR side

The trade here is in the USD, thus look for pairs where the opposite currency is in a ‘neutral’ or ‘rising’ bias. It why we are adding to our AUD/USD long positions we have taken over the period weeks.

By Evan Lucas, FPMarkets.com

Article By RoboForex.com

EURUSD

The pair suggests an alternative to hitting 1.1290. Even if this level is overcome, the whole wave may be regarded only as a correction. The main scenario still implies declining to 1.1180.

GBPUSD

The instrument have amplified the consolidation area upwards and suggests amplification of the correction to 1.2570. Today we are expecting a decline to 1.2470, followed by growth to 1.2570 ad further decline along the trend towards 1.2400.

USDCHF

The instrument has formed yet another matrix of decline towards 0.9830. The market is trading in the growth impulse today. The goal is at 0.9860. Upon breaking this level potential for hitting 0.9898 may appear. The aim is first.

USDJPY

The pair is trading in the impulse for growth. This is regarded as the beginning of a correction. Today the instrument may reach 107.80, at least; then it may decline to 106.62. The goal is first.

AUDUSD

The pair is declining towards 07040 today. Growth to 0.7080 may follow, then another decline to 0.7000. The goal is first.

USDRUB

The instrument keeps trading inside the consolidation area under 63.20. Today a decline to 62.30 looks possible, followed by growth to 64.00.

GOLD

Gold has jumped up and hit 1444.44. Today the market is trading in an impulse for decline. A breakthrough of 1430.00 is possible, which may open the way to 1408.15. The goal is first.

BRENT

Oil has reached the local goal of the correction at 62.40. Today growth towards 64.40 seems possible, followed by a decline to 61.20 and growth to 65.00. The goal is first.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By George Prior

U.S. lawmakers’ stance on cryptocurrencies is out-dated and bordering on negligent, affirms the boss of one of the world’s largest independent financial advisory organizations.

The comments from Nigel Green, founder and CEO of deVere Group, which launched its pioneering cryptocurrency trading app deVere Crypto last year, come after two days of congressional hearings this week to discuss Facebook’s planned digital currency, Libra.

It also follows Bitcoin’s impressive 9 per cent jump on Thursday.

Mr Green affirms: “Many of the lawmakers’ stance on cryptocurrencies – which are almost universally regarded as the future of money – is out-dated and blinkered.

“Some of their comments in the congressional hearings suggest that they think cryptocurrencies are a passing fad. That is delusional.

“The demand for digital, global, borderless currencies is only going to increase. This is inevitable as the digitalisation of our economies and our daily lives grows further and picks up pace further still.”

He continues: “And because demand is set to soar over the next few years as retail and institutional investors pile into crypto, lawmakers now need to embrace them and bring them fully into the mainstream financial system with proper and robust regulation.

“It is bordering on negligent not to do so for three key reasons.

“First, it would provide further protection for the growing number of people using and investing in cryptocurrencies.

“Second, unless the U.S. leads the way in the digital currency revolution, other countries – with perhaps counter values to those of America – will control it and it would be hard to ever take back that control.

“And third, there are enormous potential opportunities for higher economic growth by embracing cryptocurrencies. Why are lawmakers not seizing these with both hands?”

In a similar vein, the deVere CEO slammed President Trump last week when he criticised Bitcoin, the world’s largest cryptocurrency by market capitalisation. At the time he said: “Standing on the sidelines, or worse looking backwards, on the issue of cryptocurrencies – which are redefining and reshaping the financial system – is a baffling approach for the leader of the world’s largest economy to take.”

Mr Green concludes: “Digital currencies are the biggest innovation in payment systems in many decades. Facebook’s jump into the sector is a clear indication of the direction of travel in this regard and lawmakers must not put their heads in the sand and/or attack – that is futile and counterproductive.

“Instead they must work alongside stakeholders to make the market stronger still as investors continue to dive into the likes of Bitcoin, Ethereum, Ripple’s XRP and Litecoin.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

By TheTechnicalTraders.com

Recently I have been trying to show all the different angles to look at and analyze the US stock market and the precious metals sector. At the end of this report, I will share with you several crucial angles and charts you must see for our self.  There are several very intriguing things unfolding right now which are interconnected in ways you may not have known.

Gold Midterm Years and Seasonality

Let’s start off with the price of gold and what it typically does each month during the presidential midterm year, which is this year 2019. The graph below shows the average price movement during the midterm election since 1971 and I think the chart speaks for its self.

What I get from this, is that investors become uncertain with the future and accumulate gold.

This next chart is the seasonality of gold. Meaning which direction gold trades during each month on average every year. This second chart along with the midterm chart above both show gold tends to pull back the second half of July, so don’t be alarmed if it happens.

Dow Jones Midterm Years

The US stock market in general, but in this case, I’m using the Dow Jones industrial average you can see where stock prices should move during the rest of this year as we go into the November election.

Dow Jones Decade Cycle

As you may or may not know, I have a thing with cycles when it comes to trading. Yes, it seems a little far fetched and can be perceived as Voodoo to some people but statistics don’t lie and I have made an incredible living from the financial markets incorporating cycles in all my trades from long term investing right down to my 30-minute trading charts.

The website SeasonalCharts.com shares this really interesting information and chart about the decade cycle and I want to share it with you here:

“The stock market appears to follow a 10-year cycle. During the first half of the decade, equity prices on average do not increase, however in the second half they clearly do. In addition, U.S. equities have demonstrated very good performance in years ending with the number 5 (e.g. 1995 or 2005). Their average profit amounted to 30 %. That equals 40% of the average profit for the entire decade! 

The decade-cycle chart of the Dow Jones shows the average 10-year trend of the index over the last more than 100 years.”

As you can see from those four graphs the odds are pointing towards a market top in the US stock market based on statistics and long-term cycles. And for gold to become the investment of choice and rally the second half of this year.

Below are several other eye-opening charts about gold and US equities. You should take a quick look at each because what I’m sharing in this post and links below is more than enough to know where the markets are headed next. No need to look anywhere else and I think you will agree after you review each section. My analysis is logical, proven, and easy to understand the big picture trends no matter if you are a total newbie to the trading and the financial markets.

Top 5 Important Gold And Stock Market Analysis Posts

In early June I posted a detailed video explaining in showing the bottoming formation and gold and where to spot the breakout level, I also talked about crude oil reaching it upside target after a double bottom, and I called short term top in the SP 500 index. This was one of my premarket videos for members it gives you a good taste of what you can expect each and every morning before the Opening Bell. Watch Video Here.

I then posted a detailed report talking about where the next bull and bear markets are and how to identify them. This report focused mainly on the SP 500 index and the gold miners index. My charts compared the 2008 market top and bear market along with the 2019 market prices today. See Comparison Charts Here.

On June 26^th I posted that silver was likely to pause for a week or two before it took another run up on June 26. This played out perfectly as well and silver is now head up to our first key price target of $17. See Silver Price Cycle and Analysis.

More recently on July 16^th, I warned that the next financial crisis (bear market) was scary close, possibly just a couple weeks away. The charts I posted will make you really start to worry. See Scary Bear Market Setup Charts.

On June 17th I showed my chart of the transportation index forming a double top formation. It’s known that the transportation index leads the broad stock market and if the transports are breaking down then we must expect the bear market is close. I then went on to talk about the precious metals breakout with silver and silver miners leading the way. Gold miners broke out as well while gold continued to hold its bullish formation. See Transportation index double top.

Concluding Thoughts:

In short, you should now have a firm grasp of where stocks are headed along with precious metals for the next few months and beyond. The next step is knowing when and what to buy and sell as these turning points take place, and this is the hard part. If you want someone to guide you through the next 12-24 months complete with detailed market analysis and trade alerts (entry, targets and exit price levels) join my ETF Trading Newsletter.

In short, the bear market has been a long time coming, but finally, almost all the signs are showing that it’s about to start. As a technical analyst since 1997 having lost a fortune and made fortunes from bull and bear markets I have a good understanding of how to best attack the market during its various stages.

Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our  Wealth Building & Global Financial Reset Newsletter.  You won’t want to miss this big move, folks.  As you can see from our research, everything has been setting up for this move for many months – most traders/investors have simply not been looking for it.

Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis.

As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities starting to present themselves will be life-changing if handled properly.

FREE GOLD or SILVER WITH MEMBERSHIP!

So kill two birds with one stone and subscribe for two years to get your FREE PRECIOUS METAL and get enough trades to profit through the next metals bull market and financial crisis!

Chris Vermeulen –  TheTechnicalTraders.com

Article By RoboForex.com

Bitcoin

On H4 the price demonstrates a rather stable descending channel. Upon trying to reach the support line and 50.0% (8600.0) Fibo the quotations developed a local impulse of correction upwards. However, it is too early to speak about the end of the mid-term descending correction. In other words, upon completion of the pullback we may expect another impulse fr declining to the target levels: 50.0% (8600.0) and 61.8% (7370.00).

On H4 the price demonstrates a rather stable descending channel. Upon trying to reach the support line and 50.0% (8600.0) Fibo the quotations developed a local impulse of correction upwards. However, it is too early to speak about the end of the mid-term descending correction. In other words, upon completion of the pullback we may expect another impulse fr declining to the target levels: 50.0% (8600.0) and 61.8% (7370.00).

Ethereum

On H4 the Ethereum demonstrates a bounce off the correction level at 61.8% Fibo, which may b the beginning of a short-term pullback to the resistance level at 38.2% (262.80). After the pullback another descending wave to 76.0% (163.45) may follow.

On H1 the Ethereum shows an ascending trend as a correction. The quotations are heading for 38.2% (236.80) and 61.8% (265.40) Fibo. The support is at the minimum of 190.41.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The US dollar fell yesterday against a basket of major currencies after a speech by the head of the Federal Reserve Bank of New York, John Williams. The official said yesterday during the banking conference that in case low rates and inflation, the regulator would have to take the necessary measures to stimulate the economy. Investors took his words as a signal to lower interest rates at the next Fed’s meeting. The US dollar index (#DX) closed yesterday in the red zone (-0.42%).

Despite this, today the US dollar is recovering losses. Positive economic statistics, which was published yesterday, supported the American currency. Thus, the Philadelphia Fed Manufacturing Index counted to 21.8, while experts expected 5.0. The number of initial jobless claims was 216K, which coincided with forecasts. Also, US Treasury Secretary Steven Mnuchin said yesterday that negotiations with China were continuing, and one shouldn’t believe everything the media says. Earlier, some publications have reported that negotiations are actually suspended due to the fact that the US government has not weakened sanctions against Huawei Technologies.

The British pound strengthened against the US dollar. Optimistic economic data in the UK was published yesterday. Thus, the volume of retail sales rose in June by 1.0%, while experts expected a decline by 0.3%. The core retail sales index (yoy) rose by 3.6% in June instead of 2.7%.

The “black gold” prices are rising after lowering the day before. At the moment, futures for WTI crude oil are testing the mark of $55.90 per barrel.

Market Indicators

Yesterday, in the US stock markets, a variety of trends was observed: #SPY (+ 0.37%), #DIA (-0.00%), #QQQ (+ 0.11%).

The yield on 10-year US government bonds is at 2.04-2.05%.

– The core index of retail sales in Canada is at 15:30 (GMT+3:00);
– Michigan consumer sentiment and expactations at 17:00 (GMT+3:00).

by JustForex