{"id":856,"date":"2018-08-29T08:55:38","date_gmt":"2018-08-29T07:55:38","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=856"},"modified":"2018-08-29T12:07:39","modified_gmt":"2018-08-29T11:07:39","slug":"856","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/","title":{"rendered":"General Market Comment"},"content":{"rendered":"<p><strong>General Market Comment<\/strong><\/p>\n<p>US indices closed higher <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1169729309\"><span class=\"aQJ\">on Tuesday<\/span><\/span>, led by shares in the Real Estate (+1.19%), Technology Hardware &amp; Equipment (+0.75%) and Food &amp; Staples Retailing (+0.57%) sectors. On the economic data front, wholesale inventories MoM increased by 0.7% in a preliminary estimate in July (estimated +0.2%) from +0.1% in June. In addition, the Richmond Fed&#8217;s manufacturing index increased to 24 in August (estimated 17) compared to 20 from the prior month. Finally, the Conference Board consumer confidence index increased to 133.4 in August, above the estimate of 126.6, from a revised 127.9 previously. The S&amp;P 500 (2,897.52) remains above its 20d moving average (2,850.66 &#8211; positive slope) and 50d moving average (2,805.77 &#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 mixed against its major pairs <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1169729310\"><span class=\"aQJ\">on Tuesday<\/span><\/span>. On the economic data front, wholesale inventories MoM increased by 0.7% in a preliminary estimate in July (estimated +0.2%) from +0.1% in June. In addition, the Richmond Fed&#8217;s manufacturing index increased to 24 in August (estimated 17) compared to 20 from the prior month. Finally, the Conference Board consumer confidence index increased to 133.4 in August, above the estimate of 126.6, from a revised 127.9 previously.<\/p>\n<p>The Euro was mixed against its major pairs. In Europe, Eurozone M3 money supply growth was 4% in July (+4.3% expected) vs 4.5% in the previous month.<\/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_1169729311\"><span class=\"aQJ\">OCT 18<\/span><\/span>) was about flat to $68.5. The contract was above its 20D MA (@ $66.88) and above its 50D MA (@ $67.37).<\/p>\n<p>Gold was down $10.1 to $1201.2. The precious metal was above its 20D MA (@ $1200) and below its 50D MA (@ $1226).<\/p>\n<p>Copper Future (<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1169729312\"><span class=\"aQJ\">DEC 18<\/span><\/span>) on Comex was up 1.4c to 274.55c\/lb. The contract was above its 20D MA (@ 272.26c) and below its 50D MA (@ 282.36c). In Europe, the London Metal Exchange reported its copper inventories increased 1100 tons to 268175 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Market Comment US indices closed higher on Tuesday, led by shares in the Real Estate (+1.19%), Technology Hardware &amp; Equipment (+0.75%) and Food &amp; Staples Retailing (+0.57%) sectors. On the economic data front, wholesale inventories MoM increased by 0.7% in a preliminary estimate in July (estimated +0.2%) from +0.1% in June. In addition, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;General Market Comment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-856","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 - 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\/08\/29\/856\/\" \/>\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 higher on Tuesday, led by shares in the Real Estate (+1.19%), Technology Hardware &amp; Equipment (+0.75%) and Food &amp; Staples Retailing (+0.57%) sectors. On the economic data front, wholesale inventories MoM increased by 0.7% in a preliminary estimate in July (estimated +0.2%) from +0.1% in June. In addition, the &hellip; Continue reading &quot;General Market Comment&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/\" \/>\n<meta property=\"og:site_name\" content=\"INSCX Live Trading Platform\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-29T07:55:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-29T11:07:39+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\/08\/29\/856\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/\"},\"author\":{\"name\":\"Specialist\",\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\"},\"headline\":\"General Market Comment\",\"datePublished\":\"2018-08-29T07:55:38+00:00\",\"dateModified\":\"2018-08-29T11:07:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/\"},\"wordCount\":306,\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/\",\"url\":\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/\",\"name\":\"General Market Comment - INSCX Live Trading Platform\",\"isPartOf\":{\"@id\":\"https:\/\/inscx.com\/trading\/#website\"},\"datePublished\":\"2018-08-29T07:55:38+00:00\",\"dateModified\":\"2018-08-29T11:07:39+00:00\",\"author\":{\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\"},\"breadcrumb\":{\"@id\":\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/#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\/08\/29\/856\/","og_locale":"en_GB","og_type":"article","og_title":"General Market Comment - INSCX Live Trading Platform","og_description":"General Market Comment US indices closed higher on Tuesday, led by shares in the Real Estate (+1.19%), Technology Hardware &amp; Equipment (+0.75%) and Food &amp; Staples Retailing (+0.57%) sectors. On the economic data front, wholesale inventories MoM increased by 0.7% in a preliminary estimate in July (estimated +0.2%) from +0.1% in June. In addition, the &hellip; Continue reading \"General Market Comment\"","og_url":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/","og_site_name":"INSCX Live Trading Platform","article_published_time":"2018-08-29T07:55:38+00:00","article_modified_time":"2018-08-29T11:07:39+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\/08\/29\/856\/#article","isPartOf":{"@id":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/"},"author":{"name":"Specialist","@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b"},"headline":"General Market Comment","datePublished":"2018-08-29T07:55:38+00:00","dateModified":"2018-08-29T11:07:39+00:00","mainEntityOfPage":{"@id":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/"},"wordCount":306,"articleSection":["News"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/","url":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/","name":"General Market Comment - INSCX Live Trading Platform","isPartOf":{"@id":"https:\/\/inscx.com\/trading\/#website"},"datePublished":"2018-08-29T07:55:38+00:00","dateModified":"2018-08-29T11:07:39+00:00","author":{"@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b"},"breadcrumb":{"@id":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/inscx.com\/trading\/2018\/08\/29\/856\/#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\/856","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=856"}],"version-history":[{"count":0,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/posts\/856\/revisions"}],"wp:attachment":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/media?parent=856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/categories?post=856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/tags?post=856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}