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Market Review

The Bank of Japan said in a report that the price index of industrial production rose more than expected last month to an annual rate to a seasonally adjusted -3.9% against -4.2% the month previous. The core machinery orders rose

to 8.3%, against 1.4% the previous month. The activity index of tertiary industry in Japan rose to a seasonally adjusted percentage of 0.8%, against 0.7% the previous month. The central bank published on its website on Wednesday that China will expand the financing of cross-border trade in yuan and the investment channels, and will further expand the use of the yuan in cross-border trade within the current account.

In a report, INSEE said that French industrial production fell unexpectedly last month to -0.8% against -0.5% the previous month. A survey by the Bank of England showed that the growth of services to British business has slowed and consumer spending fell last month. The Bank of England announced that it would delay the shortage of 52 million pounds in its new bond buying program of three to six months, after failing to find enough sellers on redemption Tuesday.

The jobs in the US increased in June and layoffs fell to their lowest in nearly two years with accentuated tightening conditions in the labor market, according to a government report released Wednesday. The JOLTS report showed that jobs, a measure of demand for labor, increased by 110,000 to 5.6 million in adjusted for seasonal variations.

Currencies: The dollar was broadly lower against the other major currencies as weak US data released Tuesday continued to undermine the optimism about the strength of the economy. The EURUSD moved higher between $ 1.1113 and $ 1.1190. GBPUSD has moved higher between $ 1.2992 and $ 1.3095. USDJPY moved lower between 101.96 yen and 100.97 yen.

Crude Oil: Oil prices reversed their trend Wednesday, giving up gains made in early trading after the US government reported a surprise build in crude inventories. On the ICE Futures Exchange, crude from the North Sea has trended downward between $ 45.67 and $ 43.83. On the New York Mercantile Exchange, US crude oil has trended downward between $ 43.38 and $ 41.42.

Gold: The gold price rallied then fell sharply during the North American session on Wednesday as investors reassessed the likelihood that the Federal Reserve raises interest rates in the coming months. On the Comex division of the New York Mercantile Exchange, gold has moved higher in the range of $ 1 339.57 and $ 1 357.19 an ounce.

Indices: Asian stocks advanced in dispersed ranks Friday as investors ignored some positive data. At the close in Tokyo, the Nikkei 225 fell 0.18%. At the close in China, the Hang Seng Index was awarded 0.29%.

European stocks advanced mainly lower Wednesday, as oil prices decline continued to weigh on the energy sector and weak US data limited the recent optimism about the strength of the economy. At the close in Frankfurt the DAX lost 0.39%. At the close in Paris, the CAC 40 fell 0.36%. At the close in Madrid, the IBEX 35 index fell 0.08%. Finally, at the close in London, the FTSE 100 gained 0.22%.

Wall Street moved lower Wednesday due to a sell crude oil and because of the results, while the reporting season second quarter results coming to an end. At the close, the Dow Jones Industrial Average lost 0.20%. The S & P 500 Index fell 0.27% and the Nasdaq Composite fell 0.40%.

Economic Calendar
Thursday, August 11, 2016:
 

Time

Currency

Event

Forecast

Previous

13:30

CAD

Index New housing prices (monthly)

0,20%

0,70%

 

USD

Requests for unemployment benefits

272K

269K

 

USD

Import Prices (monthly)

-0,20%

0,20%

15:00

USD

Failure rate on mortgage loans

 

4,77%

Posted: 8/11/2016 7:32:03 AM by Global Administrator | with 0 comments


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