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The US dollar rose in value only temporarily on Thursday when durable goods orders increased by 4.2% - exceeding predictions of 1.1%. That said, on Wednesday the US dollar rose in value compared to other major currencies as positive data regarding US new home sales and the US manufacturing industry sector was released. The Markit’s July flash purchasing managers’ index for the United States increased to its highest reading in four months to 53.2. Additionally, new home sales in the US in June ro…
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Market Forecast for the Near Future.
Market Forecast for the Near Future. I think stock market shows signs of resiliency. I believe stock market will see a good interest from retail clients in the near future, because this is the only game in town. Bonds became very dangerous investment because of expected changes in Federal Reserve monetary policies. As long as we will not have very strong economic data coming out in the near future that would push interests rates over the top, the stock market will not sell off. Treasury …
How do you think market is responding to the Federal
With the recent announcements from the Federal Reserve about ending monetary stimulus and considering mixed economic data, I think most would agree that the market is behaving very good taking profits and responding to a non-inflation environment. For example, gold considered a barometer for inflation and gold is continuing a downward trend trading for less than 1300 per ounce which was predictable. For commodities, China reduced the demand for copper and industrial metals. And after signals…