{"id":710,"date":"2018-07-25T09:02:12","date_gmt":"2018-07-25T08:02:12","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=710"},"modified":"2018-07-25T09:03:39","modified_gmt":"2018-07-25T08:03:39","slug":"710","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/","title":{"rendered":"General Market Comment"},"content":{"rendered":"

General Market Comment<\/strong><\/p>\n

US indices closed mixed on Tuesday<\/span><\/span>. Shares in the Consumer Durables & Apparel (-1.91%), Media (-1.34%) and Transportation (-1.23%) sectors closed lower while shares in the Pharmaceuticals, Biotechnology & Life Sciences (+1.77%), Telecommunication Services (+1.76%) and Energy (+1.31%) sectors gained momentum. On the economic data front, the FHFA house price index increased by 0.2% in May, below the estimate of +0.3%, from +0.2% in April. In addition, Markit manufacturing PMI increased at a preliminary estimate of 55.5 in July (estimated 55.1) from 55.4 in June while Markit service PMI decreased at a preliminary estimate of 56.2 in July (estimated 56.3) from 56.5 in the previous month. Finally, Richmond Fed’s manufacturing survey increased to 20 in July (estimated 18) compared to a revised 21 from the prior month. The S&P 500 (2,820.40) remains above both its 20d moving average (2,770.13 – positive slope) and 50d moving average (2,754.86 – positive slope).<\/p>\n

European markets are expected to open on a positive note.<\/p>\n

Foreign Exchange<\/span><\/strong><\/p>\n

The US dollar was bearish against its major pairs on Tuesday<\/span><\/span> with exception of the CHF and the EUR. On the economic data front, the FHFA house price index increased by 0.2% in May, below the estimate of +0.3%, from +0.2% in April. In addition, Markit manufacturing PMI increased at a preliminary estimate of 55.5 in July (estimated 55.1) from 55.4 in June while Markit service PMI decreased at a preliminary estimate of 56.2 in July (estimated 56.3) from 56.5 in the previous month. Finally, Richmond Fed’s manufacturing survey increased to 20 in July (estimated 18) compared to a revised 21 from the prior month.<\/p>\n

The Euro was bearish against its major pairs with exception of the CHF. In the UK, retail sales in June were down by 0.5% in May (expected +0.2%) vs. +1.3% in the previous month.<\/p>\n

The Australian dollar was bullish against all of its major pairs.<\/p>\n

Commodities<\/span><\/strong><\/p>\n

After the close of Wall Street, WTI Crude Future (SEP 18<\/span><\/span>) was up $0.6 to $68.51. The contract was below its 20D MA (@ $69.89) and above its 50D MA (@ $68.36).<\/p>\n

Gold was about flat to $1225.1. The precious metal was below its 20D MA (@ $1243) and below its 50D MA (@ $1271).<\/p>\n

Copper Future (SEP 18<\/span><\/span>) on Comex was up 5.6c to 280.2c\/lb. The contract was below its 20D MA (@ 283.64c) and below its 50D MA (@ 302.05c). In Europe, the London Metal Exchange reported its copper inventories decreased 275 tons to 254425 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"

General Market Comment US indices closed mixed on Tuesday. Shares in the Consumer Durables & Apparel (-1.91%), Media (-1.34%) and Transportation (-1.23%) sectors closed lower while shares in the Pharmaceuticals, Biotechnology & Life Sciences (+1.77%), Telecommunication Services (+1.76%) and Energy (+1.31%) sectors gained momentum. On the economic data front, the FHFA house price index increased … <\/p>\n

Continue reading “General Market Comment”<\/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-710","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nGeneral Market Comment - 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\/25\/710\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Market Comment - INSCX Live Trading Platform\" \/>\n<meta property=\"og:description\" content=\"General Market Comment US indices closed mixed on Tuesday. Shares in the Consumer Durables & Apparel (-1.91%), Media (-1.34%) and Transportation (-1.23%) sectors closed lower while shares in the Pharmaceuticals, Biotechnology & Life Sciences (+1.77%), Telecommunication Services (+1.76%) and Energy (+1.31%) sectors gained momentum. On the economic data front, the FHFA house price index increased … Continue reading "General Market Comment"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/\" \/>\n<meta property=\"og:site_name\" content=\"INSCX Live Trading Platform\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-25T08:02:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-07-25T08:03:39+00:00\" \/>\n<meta name=\"author\" content=\"Specialist\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Specialist\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/\"},\"author\":{\"name\":\"Specialist\",\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\"},\"headline\":\"General Market Comment\",\"datePublished\":\"2018-07-25T08:02:12+00:00\",\"dateModified\":\"2018-07-25T08:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/\"},\"wordCount\":371,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/\",\"url\":\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/\",\"name\":\"General Market Comment - INSCX Live Trading Platform\",\"isPartOf\":{\"@id\":\"https:\/\/inscx.com\/trading\/#website\"},\"datePublished\":\"2018-07-25T08:02:12+00:00\",\"dateModified\":\"2018-07-25T08:03:39+00:00\",\"author\":{\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\"},\"breadcrumb\":{\"@id\":\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/inscx.com\/trading\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"General Market Comment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/inscx.com\/trading\/#website\",\"url\":\"https:\/\/inscx.com\/trading\/\",\"name\":\"INSCX Live Trading Platform\",\"description\":\"Real time trading in Polymers, Base Oils, TiO2 and Nanomaterials\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/inscx.com\/trading\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\",\"name\":\"Specialist\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g\",\"caption\":\"Specialist\"},\"url\":\"https:\/\/inscx.com\/trading\/author\/cmgnanoshel-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"General Market Comment - INSCX Live Trading Platform","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/","og_locale":"en_GB","og_type":"article","og_title":"General Market Comment - INSCX Live Trading Platform","og_description":"General Market Comment US indices closed mixed on Tuesday. Shares in the Consumer Durables & Apparel (-1.91%), Media (-1.34%) and Transportation (-1.23%) sectors closed lower while shares in the Pharmaceuticals, Biotechnology & Life Sciences (+1.77%), Telecommunication Services (+1.76%) and Energy (+1.31%) sectors gained momentum. On the economic data front, the FHFA house price index increased … Continue reading \"General Market Comment\"","og_url":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/","og_site_name":"INSCX Live Trading Platform","article_published_time":"2018-07-25T08:02:12+00:00","article_modified_time":"2018-07-25T08:03:39+00:00","author":"Specialist","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Specialist","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#article","isPartOf":{"@id":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/"},"author":{"name":"Specialist","@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b"},"headline":"General Market Comment","datePublished":"2018-07-25T08:02:12+00:00","dateModified":"2018-07-25T08:03:39+00:00","mainEntityOfPage":{"@id":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/"},"wordCount":371,"commentCount":0,"articleSection":["News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/","url":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/","name":"General Market Comment - INSCX Live Trading Platform","isPartOf":{"@id":"https:\/\/inscx.com\/trading\/#website"},"datePublished":"2018-07-25T08:02:12+00:00","dateModified":"2018-07-25T08:03:39+00:00","author":{"@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b"},"breadcrumb":{"@id":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/inscx.com\/trading\/2018\/07\/25\/710\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/inscx.com\/trading\/"},{"@type":"ListItem","position":2,"name":"General Market Comment"}]},{"@type":"WebSite","@id":"https:\/\/inscx.com\/trading\/#website","url":"https:\/\/inscx.com\/trading\/","name":"INSCX Live Trading Platform","description":"Real time trading in Polymers, Base Oils, TiO2 and Nanomaterials","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/inscx.com\/trading\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b","name":"Specialist","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g","caption":"Specialist"},"url":"https:\/\/inscx.com\/trading\/author\/cmgnanoshel-com\/"}]}},"_links":{"self":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/posts\/710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/comments?post=710"}],"version-history":[{"count":0,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/posts\/710\/revisions"}],"wp:attachment":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/media?parent=710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/categories?post=710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/tags?post=710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}