Daily Market Report - July 28, 2016

Video Length: 00:01:53

Welcome and good morning thank you for joining us for Thursday’s daily market report.

The overall bullish trend of the NiKKEI stock average was interrupted as investors fear that the BOJ will not be able to deliver on expectations.

Growing over supply fears continue to push the reverse of the rally that took crude to $52 high copper dropped along with crude oil prices as the two commodities are often traded by funds in the same basket.

The change in the price of goods purchased by Australian importers is expected to decline by one-point-six percent which will most likely to devalue the Aussie against the dollar.

The change in the selling price of homes with mortgages back by nationwide in the UK is expected to decrease by zero-point-two percent which will most likely have limited adverse effects on the pound.

Change in the number of unemployed people during the previous month in Germany is expected to increase the – 3000 which will most likely have a moderately negative effect on the euro.

The number of individuals who filed for unemployment insurance for the first time during the past week in the U.S is expected to increase the 261 k which will most likely cause downward movement of the dollar.

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