June 2016

OverviewThe silver price provided slight positive trading yesterday in an attempt to move away from the EMA50. Meanwhile, stochastic provides a positive signal now, waiting for the price to resume the main bullish wave, which targets begin at 18.00 an…

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Oil prices fell on Tuesday, breaking a two-day rally, as some market players took profits on the background of a major risk event approaching (no prizes for those who guess which one). Volatility may damage the prices of risky assets, which includ…

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On Wednesday, a moderate number of important data will be published. At 12:30 GMT, Canada will publish the retail sales data for April. The indicator characterizes the level of consumer spending and demand. In addition to the basic values ​​the indicator is calculated excluding car sales, because their size is very variable. The indicator excluding cars provides objective information. It is expected that total sales rose 1.1% after contracting 1.0% in March.


Also at 12:30 GMT the United States will release the index of economic activity from the Federal Reserve Bank of Chicago. The index is calculated as a weighted average of 85 economic indicators. These figures relate to the following categories: production and income; employment, unemployment; private consumption and the housing market; sales, orders, inventory. The resulting index is a summary measure of the factors common to these economic data

At 14:00 GMT the United States will present a report on home sales in the secondary market in May. The indicator reflects the number of homes sold in the secondary market of the US real estate. It may give an idea about the optimism of consumers and their ability to buy expensive things. These data, because of the nature of real estate market, subject to seasonal fluctuations. This indicator is published in the annual sales pace adjusted for seasonality (seasonally adjusted sales for the month multiplied by 12). The forecasts show a rise to 5.5 million from 5.45 million in April.

At 14:30 GMT the US Department of Energy will report on changes in stocks of crude oil.

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Polish equity market surged on Tuesday. The broad market measure, the WIG index, rose by 0.97%. Except for materials (-0.63%) and telecoms (-1.15%), every sector in the WIG Index rose, with chemicals (+1.43%) outperforming. The large-cap stocks’ meas…

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– China continues to “face significant challenges” – The economic outlook is uncertain, monetary policy is not a foregone conclusion in advance course – The course of the Fed interest rate will depend on the economic and financial situation – Th…

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The US market has opened up with a small rise and behaves relatively poor compare to still optimistic Europe. It is clearly seen that the fears of the British referendum, is there much less popular. It should also be noted that the US market is relati…

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