Gold Grinding Towards $1300 888011000 110888 Gold futures jumped to their greatest in more than six weeks Friday, as traders weighed U.S. GDP figures. The United States economy grew at a 2.6% yearly speed in second quarter, up greatly from 1.2% in the first three months of the year. August gold climbed $8.40, or 0.7%, to settle at $1,268.40. oz, the highest because mid-June. Traders are betting the Federal Reserve will keep rates of interest on hold through December. Costs were up 1.1% today. The product has actually been provided by InstaForex Company – www.instaforex.com

By | July 28, 2017

Gold futures jumped to their highest in more than six weeks Friday, as traders weighed U.S. GDP figures.

The U.S. economy grew at a 2.6% annual pace in second quarter, up sharply from 1.2% in the first three months of the year.

August gold climbed $8.40, or 0.7%, to settle at $1,268.40.oz, the highest since mid-June. Traders are betting the Federal Reserve will keep interest rates on hold through December. Prices were up 1.1% this week.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Taiwan Sustains Development Momentum In Q2

By | July 28, 2017

Taiwan’s financial growth continued strong in the 2nd quarter, albeit at a slower pace, main figures showed Friday.

Gross domestic product grew 2.1 percent year-on-year after a 2.60 percent increase in the previous quarter. Economic experts had actually expected 2.2 percent expansion.

On a quarter-on-quarter seasonally-adjusted annualized basis, GDP grew 0.59 percent in the 2nd quarter following a 3.82 percent development in the first 3 months of the year.

The product has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

U.S. Consumer Sentiment Index Unexpectedly Upwardly Revised In July

By | July 28, 2017

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by slightly less than initially estimated in the month of July.

The report said the consumer sentiment index for July was upwardly revised to 93.4 from the preliminary reading of 93.1. Economists had expected the index to be unrevised.

Despite the unexpected upward revision, the consumer sentiment index is still down from the final June reading of 95.1.

“The overall Sentiment Index has declined by 5.1 Index-points since the January peak, which was the highest figure in a dozen years,” said Richard Curtin, the survey’s chief economist.

He added, “The relatively small decline still left the Sentiment Index higher in the first seven months of 2017 than in any other year since 2004.”

The report said the index of consumer expectations fell to 80.5 in July from 83.9 in June, while the current economic conditions index rose to 113.4 from 112.5.

On the inflation front, one-year inflation expectations were unchanged at 2.6 percent, while five-year inflation expectations edged up to 2.6 percent in July from 2.5 percent in June.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Canadian Dollar Enhances After Robust Canada GDP Data

By | July 28, 2017

The Canadian dollar firmed versus its significant equivalents in early New York deals on Friday, as an information showed that the Canadian economy expanded more than forecast in Might, supporting expect another rate increase from the Bank of Canada this year.

Information from Statistics Canada revealed that the GDP increased 0.6 percent to C$ 1.73 trillion on a seasonally changed monthly basis, following a 0.2 percent uptick in April.

Economic experts had actually forecast the index to match the April reading.

Petroleum futures rose ahead of the Baker Hughes U.S. rig count data due at 1.00 pm. In the previous week, the North American Rig Count was 1156 and U.S. rig count was 950.

Crude for September shipment increased $0.27 to $49.31 per barrel.

The loonie has been trading in a positive territory in the European session.

The loonie reached 1.2440 against the greenback, after having dropped to 1.2567 at 1:00 am ET. The loonie is likely to find resistance around the 1.23 area.

Information from the Commerce Department revealed that U.S. economic activity increased in line with economic expert quotes in the 2nd quarter.

The report said genuine gross domestic product climbed up by 2.6 percent in the second quarter after rising by a downwardly revised 1.2 percent in the very first quarter.

The loonie reinforced to a 2-day high of 0.9930 versus the aussie, following an 8-day low of 1.0024 of hit at 3:00 am ET. The next possible resistance for the loonie is seen around the 0.97 mark.

Information from the Australian Bureau of Statistics showed that Australia’s manufacturer rates increased 0.5 percent on quarter in the 2nd quarter of 2017 – unchanged from the previous three months.

On a yearly basis, producer prices jumped 1.7 percent – accelerating from 1.3 percent in the 3 months prior.

The loonie advanced to 1.4600 against the euro and 89.23 against the yen, off its early more than 2-week low of 1.4714 and a 4-day low of 88.33, respectively. On the benefit, 1.43 and 92.00 are likely seen as the next resistance levels for the loonie against the yen and the euro, respectively.

Looking ahead, U.S. University of Michigan’s last customer belief index for July and U.S. Baker Hughes rig count data are slated for release shortly.

At 1:20 pm ET, Federal Reserve Bank of Minneapolis President Neel Kashkari is expected to speak at a town hall event, in Minnesota.

The material has actually been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Bulgaria Producer Costs Fall In June

By | July 28, 2017

Bulgaria’s industrial manufacturer costs decreased in June from the previous month, figures from the National Statistical Institute revealed Friday.

Total producer cost index dropped 0.2 percent from May. Rates fell in production and the utility sectors, while they increased in the mining and quarrying market.

Compared to a year earlier, the index increased 3.1 percent in June.

Domestic manufacturer rates decreased 0.4 percent from the previous month, while they increased 2.7 percent from a year earlier.

The product has actually been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander

Austria Private Sector Growth Maintains Strong Momentum

By | July 28, 2017

Austria’s private sector sustained its robust growth momentum in July amid strong growth in output, new orders and employment, survey data from IHS Markit showed Friday.

The UniCredit Bank Austria Manufacturing Purchasing Managers’ Index fell to 60 from 60.7 in June. A reading above 50 suggests growth in activity.

The latest figure signaled the second-steepest expansion in the Austrian manufacturing economy since March 2011, the survey showed.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Austria Economy Grows At Steady Pace In Q2

By | July 28, 2017

Austria’s economic growth rate stayed steady in the second quarter, underpinned by dynamic exports, increased financial investment and strong consumption, preliminary data from the Austrian Institute of Economic Research/WIFO revealed Friday.

Gdp increased 0.8 percent sequentially, equaling the pace logged in the very first quarter.

On a year-on-year basis, the economy expanded 2.2 percent following 2.5 percent growth in the previous quarter.

Based on estimation specified by Eurostat, the quarterly growth rate enhanced to 0.9 percent from 0.7 percent.

The product has been supplied by InstaForex Business – www.instaforex.com

Jonathon Alexander

Dollar Weakens After In-line U.S. GDP Data

By | July 28, 2017

The United States dollar fell versus its crucial counterparts in the European session on Friday, as the nation’s economic activity increased in line with financial expert price quotes in the second quarter.

Data from the Commerce Department showed that the real gross domestic product climbed by 2.6 percent in the 2nd quarter after rising by a downwardly modified 1.2 percent in the very first quarter.

Economic experts had actually anticipated GDP to increase by 2.6 percent in the second quarter compared with the 1.4 percent development that had been reported for the previous quarter.

Concerns about the most recent advancements in Washington likewise weighed on the currency after Republican efforts to repeal and change Obamacare stopped working in Senate again.

The so-called “skinny repeal” failed by a vote of 49 to 51, with 3 Republican Senators accompanying Democrats to stop the expense.

Financiers look forward to the University of Michigan’s revised report on consumer sentiment in July, due at 10: am ET. The index is expected to be unrevised from the initial reading of 93.1.

The greenback fell against its significant counterparts in the Asian session, with the exception of the franc.

The greenback dropped to 0.9645 versus the Swiss franc, following more than a 4-week high of 0.9727 hit at 7:30 am ET. The next likely support for the greenback-franc set is seen around the 0.95 area.

The greenback edged down to 110.84 versus the Japanese yen, after having advanced to 111.33 at 5:45 pm ET. The greenback is seen finding support around the 109.00 level.

Data from the Ministry of Internal Affairs and Communications revealed that Japan’s overall nationwide consumer rates rose 0.4 percent on year in June – in line with expectations and the same from the previous month.

Nationwide core CPI, which excludes food prices, also got 0.4 percent on year – once again the same and as anticipated.

The greenback reached as low as 1.1753 versus the euro, which is near a 2-1/2-year low of 1.1777 set on Thursday. The greenback is poised to challenge support around the 1.19 area.

Initial data from Destatis showed that German inflation sped up all of a sudden to a 3-month high in July on energy costs.

Inflation, based on consumer rates, grew 1.7 percent every year, somewhat faster than the 1.6 percent increase published in June. Inflation was forecast to alleviate to 1.5 percent.

The greenback that ended Thursday’s trading at 1.3062 against the pound edged down to 1.3118. Continuation of the greenback’s sag might see it difficult support around the 1.33 region.

The greenback deteriorated to 1.2440 versus the loonie, 0.7502 versus the kiwi and 0.7994 versus the aussie, off its early high of 1.2567, 2-day highs of 0.7460 and 0.7937, respectively. If the greenback extends decrease, 1.22, 0.76 and 0.81 are most likely viewed as its next assistance levels against the loonie, the kiwi and the aussie, respectively.

At 1:20 pm ET, Federal Reserve Bank of Minneapolis President Neel Kashkari is anticipated to speak at a town hall event, in Minnesota.

The material has actually been provided by InstaForex Business – www.instaforex.com

Jonathon Alexander

Eurocoin Indicator Rises For Second Month

By | July 28, 2017

A procedure showing the existing financial situation in euro area increased a second straight month in July, results of a study by the Bank of Italy and the Centre for Economic Policy Research stated Friday.

The Bank of Italy/CEPR Eurocoin sign reached 0.63 from 0.62 in June. The reading stayed at cyclically high levels, the bank said.

The positive contribution coming from the fortifying of the commercial cycle and from business optimism was offset by the unfavorable effects of the rise in long-lasting yields and the appreciation of the euro, the bank included.

The indicator steadily decreased after striking a peak of 0.75 in February.

The product has actually been supplied by InstaForex Business – www.instaforex.com

Jonathon Alexander