Market Overview - Page 75

Personal spending by Americans in July points to increased risks of a return to inflation. Consumer spending rose 0.8% in July, following a 0.7% increase a month earlier. Meanwhile, incomes rose 0.2% in July and 0.3% in June. Disposable personal.

Oil has risen in five of the last six trading sessions, gaining almost 4%. With a lower volatility, Crude may be preparing for a big move higher. US commercial oil inventories plunged by 10.6M barrels last week and have fallen.

Financial markets have staged an impressive rally across a broad range of instruments. This is an essential signal that risk appetite improves after about a month of correction. But based on the idea that “the worse, the better”, such a.

Gold’s rally appears to be running out of steam after a 2% rally since the beginning of last week. Gold has been at the mercy of sellers for a month since the 20th, losing over 5.2% from peak to trough..

Have the dollar bulls finally won, or do the sellers still have a chance? The answer may not come until later in the week. The dollar index finished with growth for the sixth week in a row, climbing on Friday.

It was a very telling performance from the US equity market on Thursday, as three major indices – the S&P500, Nasdaq-100 and Dow Jones 30 – confirmed the dominance of the bearish trend. At least in the medium term. The.

Data out of the US pointed to a further build-up of pro-inflationary risks from the labour market, giving the Dollar a fresh boost intraday. Fresh data showed weekly jobless claims fell to 230K, down from 240K and 250K in the.

There is an important battle for the long-term trend in the euro-dollar pair. The central bank speeches in Jackson Hole on Friday have enough potential to break or reinforce the direction of the past 11 months. EURUSD is trading near.

New York traded Natural gas is up 3% on Monday, having managed to break away from support again. Gas has formed an uptrend from the April lows but has not yet switched to an acceleration phase. Gas prices formed a.

The sharp fall in German producer prices is both a signal of easing inflationary pressures and a warning of a sharp slowdown in demand. The German producer price index fell by 1.1% in July, dwarfing the expected correction of 0.1%..

Canadian producer prices rose more than expected in July, reviving concerns that the active phase of the fight against inflation may not be over. The Producer Price Index rose 0.4% in July, more than the 0.2% expected. The year-on-year decline.

Gold has gained 0.3% since the start of the day on Friday, marking only its third session of gains since the beginning of August. Despite signs of local oversold conditions suggesting a bounce, the ultimate downside target looks to be.