{"id":94072,"date":"2016-08-09T06:45:34","date_gmt":"2016-08-09T10:45:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=94072"},"modified":"2016-08-09T06:45:34","modified_gmt":"2016-08-09T10:45:34","slug":"oil-market-still-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/oil-market-still-on-the-rise\/","title":{"rendered":"Oil market still on the rise"},"content":{"rendered":"
August 9, 2016<\/div>
\r\n<\/div><\/div>

By Natalia Milchakova, Alpari<\/b><\/p>\n

The oil market on Monday continued the growth path that it was on after switching from a falling trend last week. On 8th<\/sup> August, Brent rose 1.7%, breaking the important $45 per barrel level and closing at $45.16. On Tuesday morning, the growth in oil quotes has stopped and traders are fixing profit. The morning of 9th<\/sup> August sees Brent on the IPE for just $44.95, although we”ll see what happens as the day drags on.<\/p>\n

Gold prices on 8th<\/sup> August lost 0.3%, hitting $1334.98 per troy ounce. This could be connected to the rise of commodity markets. However, the situation could change throughout the day today and we could see a slight growth.<\/p>\n

The Dow 30 decreased 0.08% on Monday and the S&P 500 was down 0.09%. However, futures for the S&P on Tuesday morning are slightly up (+0.03%). The majority of Asian stock markets are on the rise this Tuesday. The Nikkei 225 is up 0.68% and the China A50 is up 0.49%. However, the Hang Seng has fallen 0.2%<\/p>\n

Inflation data has come out of China this morning. The July CPI in the country rose 0.2% on that of June, although it was expected to be less at 0.1%. Annual inflation in June was at 1.8%; as expected. The data could be positive enough for the yuan against world currencies, although we expect to see these stats have an effect on the stock markets in the country.<\/p>\n

Trading of the EURUSD on Tuesday morning remains practically unchanged on yesterday”s closing price. The euro has lost just 0.07% of its value against the dollar, with a euro going for 1.107 USD. The US and EU didn”t release any important stats yesterday, so currency traders prefer to sell euro and buy dollars in expectance of a worsening state of EU economies on account of Brexit. Today in Europe will see industrial production data and trading balance data for June, including that of Germany and the UK.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Article submitted by Alpari.com<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Natalia Milchakova, Alpari The oil market on Monday continued the growth path that it was on after switching from a falling trend last week. On 8th August, Brent rose 1.7%, breaking the important $45 per barrel level and closing at $45.16. On Tuesday morning, the growth in oil quotes has stopped and traders are […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-94072","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=94072"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94072\/revisions"}],"predecessor-version":[{"id":94088,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94072\/revisions\/94088"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=94072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=94072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=94072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}