• US indices finished yesterday’s session higher. S&P 500 jumped 0.23%, Dow Jones moved 0.06% higher while Nasdaq surged 0.21%. Russell 2000 added 0.68%
  • Indices from Asia-Pacific traded mostly lower today. S & P / ASX 200 fell 0.10%,  Nikkei lost 0.15% while Kospi dropped 0.50%. Indices from China struggle to find common direction.
  • DAX futures point to a slightly lower opening of the European cash session
  •  FED Bullard said he is considering support for a third straight 75-bp hike in September and said he is not ready to say the economy has seen the worst of the inflation surge.
  • Bed Bath & Beyond (BBBY.US) tumbled 45% in after-hours trading as activist investor Ryan Cohen revealed that he had exited his entire position in the company.
  • Japan’s headline inflation rose 2.6% YoY in July from 2.4% in June, accelerating at the fastest pace since April 2014.
  • UK consumer confidence index fell to a new all-time low at -44.0
  • New Zealand trade data for July shows the annual deficit has hit a new record high
  • RBNZ Governor Orr wants the cash rate (OCR) to be clearly above its neutral level
  • UBS expects that Brent crude oil price will reach $125.00 per barrel by the end of this year
  • Germany’s Finance Ministry says economic outlook of the biggest EU economy is bleak
  • Cryptocurrencies retreated during Asian session. Bitcoin fell over 3.0% and Ethereum plunged more than 2.8%
  • Oil is trading slightly lower. WTI trades near $ 89.60 per barrel, while Brent is approaching $ 96.20 mark
  • Downbeat moods prevail on the precious metals market. Gold tumbled 0.30%, while silver fell nearly 1.0% amid stronger dollar
  • USD and AUD are the best performing major currencies while JPY and NZD lag the most



USDCNH – PBOC moved to weaken the yuan this week and the pair is currently testing major resistance at 6.83, which is marked with previous price reactions and 38.2% Fibonacci retracement of the upward wave launched in April 2018

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *