MARKET TRENDS (9th July 18)

Important Economic Announcements for the week:
Tues: GBP GDP 4.30 pm
Wed: BOC Interest Rate Decision 10 pm
Thurs: ECB Monetary Policy Meeting Accounts 7.30 pm US CPI 8.30 pm
Fri: US Michigan Consumer Sentiment 10 pm

Short Thoughts

With the Trade War firing their first cannon, the markets have been feeling the heat, especially in the Asian region. US markets, on the whole, have been pretty resilient. We will take a closer look from the charting angle in the trade book section.

There has also been divergence seen in the markets whereby oil price is hitting recent highs but oil stocks have not only been languishing and they are even falling. Also, before the Singapore government recent surprise announcement on further tightening measures, the property stocks were also moving against the general property prices which have been creeping up near to …