{"id":697,"date":"2018-07-24T09:19:54","date_gmt":"2018-07-24T08:19:54","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=697"},"modified":"2018-07-24T09:20:15","modified_gmt":"2018-07-24T08:20:15","slug":"697","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2018\/07\/24\/697\/","title":{"rendered":"General Market Comment: 23.07.18"},"content":{"rendered":"<p><strong>General Market Comment<\/strong><\/p>\n<p>US indices closed mixed <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_936975478\"><span class=\"aQJ\">on Monday<\/span><\/span>. Shares in the Capital Goods (-1.19%), Food, Beverage &amp; Tobacco (-0.86%) and Utilities (-0.64%) sectors closed on a negative note while shares in the Banks (+1.95%), Transportation (+1.02%) and Diversified Financials (+0.94%) sectors gained traction. On the economic data front, the Chicago Fed national activity index increased to 0.43 in June (estimated 0.25) from a revised -0.45 in May. In addition, existing homes sales decreased to 5.38M in June (expected 5.44M) compared to a revised 5.41M in the prior month. The S&amp;P 500 (2,806.98) remains above both its 20d moving average (2,764.97 &#8211; positive slope) and 50d moving average (2,753.00 &#8211; positive slope).<\/p>\n<p>European markets are expected to start on a positive note.<\/p>\n<p><strong><span style=\"color: #444444;\">Foreign Exchange<\/span><\/strong><\/p>\n<p>The US dollar was bullish against all of its major pairs <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_936975479\"><span class=\"aQJ\">on Monday<\/span><\/span>. On the economic data front, the Chicago Fed national activity index increased to 0.43 in June (estimated 0.25) from a revised -0.45 in May. In addition, existing homes sales decreased to 5.38M in June (expected 5.44M) compared to a revised 5.41M in the prior month.<\/p>\n<p>The Euro was bearish against its major pairs with exception of the AUD and the NZD. Eurozone consumer confidence index remained unchanged at -0.6 in July in first estimation vs -0.7 expected.<\/p>\n<p>The Australian dollar was bearish against all of its major pairs.<\/p>\n<p><strong><span style=\"color: #444444;\">Commodities<\/span><\/strong><\/p>\n<p>After the close of Wall Street, WTI Crude Future (<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_936975480\"><span class=\"aQJ\">SEP 18<\/span><\/span>) was about flat to $67.78. The contract was below its 20D MA (@ $69.81) and below its 50D MA (@ $68.39).<\/p>\n<p>Gold was down $7.3 to $1224.7. The precious metal was below its 20D MA (@ $1245) and below its 50D MA (@ $1272).<\/p>\n<p>Copper Future (<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_936975481\"><span class=\"aQJ\">SEP 18<\/span><\/span>) on Comex was down 1.3c to 274.35c\/lb. The contract was below its 20D MA (@ 284.67c) and below its 50D MA (@ 302.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 625 tons to 254700 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Market Comment US indices closed mixed on Monday. Shares in the Capital Goods (-1.19%), Food, Beverage &amp; Tobacco (-0.86%) and Utilities (-0.64%) sectors closed on a negative note while shares in the Banks (+1.95%), Transportation (+1.02%) and Diversified Financials (+0.94%) sectors gained traction. On the economic data front, the Chicago Fed national activity index &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/inscx.com\/trading\/2018\/07\/24\/697\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;General Market Comment: 23.07.18&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-697","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Market Comment: 23.07.18 - INSCX Live Trading Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inscx.com\/trading\/2018\/07\/24\/697\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Market Comment: 23.07.18 - INSCX Live Trading Platform\" \/>\n<meta property=\"og:description\" content=\"General Market Comment US indices closed mixed on Monday. 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Shares in the Capital Goods (-1.19%), Food, Beverage &amp; Tobacco (-0.86%) and Utilities (-0.64%) sectors closed on a negative note while shares in the Banks (+1.95%), Transportation (+1.02%) and Diversified Financials (+0.94%) sectors gained traction. 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