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Equities Stay under Pressure

By:
Yaron Mazor
Published: Aug 10, 2017, 07:49 UTC

Inflation Report from States Today Geo-politics dominated the working framework for investors in the U.S yesterday, but while there was a selloff among

Equities Stay under

Inflation Report from States Today

Geo-politics dominated the working framework for investors in the U.S yesterday, but while there was a selloff among the three major Indexes. Producer Price Index report will be released from the States today. While nervous sentiment certainly exists among traders, experienced investors in the U.S may be eye the present market conditions as a buying opportunity.

Yen Remains Strong

Asian markets have continued to see risk adverse sentiment impact equities early today. The Nikkei and Kospi Indexes have declined again. The Hang Seng from Hong Kong has seen selling too, but the Hang Seng has still collectively gained more than 7% of value in the past month. Core Machinery Orders from Japan showed a surprising drop of minus -1.9% this morning.

Euro Finds Supports, yet Lingers Near Lows

The DAX and FTSE 100 followed other major equity exchanges downwards on Wednesday. However, European equities have experienced cautious results the past month, and the Dax Index from Germany has now dropped more than 2% the past month. The Euro was not able to recover its lost value yesterday. The U.K will release Manufacturing data today which could prove important for the Pound.

Gold Remains Attractive

Gold has continued to see speculative forces climb into the market as safe haven sentiment remains heightened. The precious metal is near important resistance. Gold has touched the 1284.00 U.S Dollars an ounce and it may remain attractive for nervous investors.

Yaron Mazor is a senior analyst at SuperTraderTV.

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About the Author

Yaron Mazorcontributor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.

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