{"id":895,"date":"2018-09-04T09:24:03","date_gmt":"2018-09-04T08:24:03","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=895"},"modified":"2018-09-04T09:24:03","modified_gmt":"2018-09-04T08:24:03","slug":"general-market-comment-8","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2018\/09\/04\/general-market-comment-8\/","title":{"rendered":"General Market Comment"},"content":{"rendered":"<p><strong>General Market Comment<\/strong><\/p>\n<p>The US market was closed\u00a0<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1969114428\"><span class=\"aQJ\">on Monday<\/span><\/span>\u00a0to celebrate Labor Day.\u00a0<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1969114429\"><span class=\"aQJ\">On Friday<\/span><\/span>, the US indices closed mixed. Shares in the Automobiles &amp; Components (-1.45%), Energy (-0.73%) and Utilities (-0.45%) sectors lost traction while shares in the Technology Hardware &amp; Equipment (+0.98%), Retailing (+0.59%) and Food &amp; Staples Retailing (+0.58%) sectors gained momentum. On the economic data front, the Chicago Business Barometer Index fell to 63.6 in August (estimated 63), from 65.5 in the prior month. Lastly, the University of Michigan consumer sentiment index increased to 96.2 in final estimate in August (expected 95.5) from 97.9 in the prior month. The S&amp;P 500 (2,901.52) remains above its 20d moving average (2,862.45 &#8211; positive slope) and 50d moving average (2,814.51 &#8211; positive slope).<\/p>\n<p>European markets are expected to start on a flat 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\u00a0<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1969114430\"><span class=\"aQJ\">on Monday<\/span><\/span>. On the economic data front, there were no economic data released.<\/p>\n<p>The Euro was bullish against its major pairs with exception of the AUD. Euro zone PMI manufacturing index was 54.6 in final estimation in August, as in first one and vs 55.1 in July. UK PMI manufacturing index fell to 52.8 in August from 53.8 a month earlier. It was anticipated to be 53.9.<\/p>\n<p>The Australian dollar was higher than 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_1969114431\"><span class=\"aQJ\">OCT 18<\/span><\/span>) was about flat to $70.1. The contract was above its 20D MA (@ $67.39) and above its 50D MA (@ $67.77).<\/p>\n<p>Gold was about flat to $1201. The precious metal was above its 20D MA (@ $1198) and below its 50D MA (@ $1221).<\/p>\n<p>Copper Future (<span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1969114432\"><span class=\"aQJ\">DEC 18<\/span><\/span>) on Comex was down 1.6c to 265.5c\/lb. The contract was below its 20D MA (@ 270.89c) and below its 50D MA (@ 279.29c). In Europe, the London Metal Exchange reported its copper inventories decreased 2450 tons to 262475 tons<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Market Comment The US market was closed\u00a0on Monday\u00a0to celebrate Labor Day.\u00a0On Friday, the US indices closed mixed. Shares in the Automobiles &amp; Components (-1.45%), Energy (-0.73%) and Utilities (-0.45%) sectors lost traction while shares in the Technology Hardware &amp; Equipment (+0.98%), Retailing (+0.59%) and Food &amp; Staples Retailing (+0.58%) sectors gained momentum. On the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/inscx.com\/trading\/2018\/09\/04\/general-market-comment-8\/\" 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-895","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\/09\/04\/general-market-comment-8\/\" \/>\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 The US market was closed\u00a0on Monday\u00a0to celebrate Labor Day.\u00a0On Friday, the US indices closed mixed. 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