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There was no summer lull: let’s analyze the results of July

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There was no summer lull: let’s analyze the results of July
August 01
09:00 2017

Today, the authoritative Internet portal MarketWatch has published interesting information. Summer is more than ever saturated with news, so investors quitted waiting for the usual summer months decline in business activity.

Over the past few weeks, major corporations have made public their financial statements. In addition to this factor, the market was influenced by the news about China’s economic growth, infestation of coffee plantations with beetles, news about growing tensions in the Middle East as well as political tensions in the USA. In combination, all these factors caused a sharp rise in prices for coffee, copper and gold, an increase in oil quotations, the fall of the dollar and quotations growth of some US companies.

We will analyze each of the above-mentioned assets.

Copper. This metal cannot boast of high volatility. Nevertheless, yesterday copper futures prices reached their highest level in the past three months. The increase was 7%.

Coffee. The asset is also at its three-month maximum. The gain is 10%. This jump in price was caused by infestation of coffee plantations in Brazil.

Gold. 2017 has become extremely successful for investors who prefer to invest money in gold. The price of this asset has risen more than 10% since the beginning of the year. The last month has shown an increase of 2.5%.

Oil. In general, “black gold” has grown by about 7%. The riots in Venezuela, restrictions on the supply by the OPEC + cartel and the weaker US dollar affect the price growth.

US dollar. The state of the US dollar is shown by the index ICE U.S. Dollar. For July, its value has dropped by 2.3%. This has become the strongest drop in the past seven months. The last time a similar situation was observed in 2011.

American companies. Unlike the national currency, American companies are experiencing a clear recovery. The state of the market is well reflected by the American stock indexes. The picture is as follows:

  • Nasdaq Composite – the gain for July has amounted to 3.5%
  • Dow Jones Industrial Average has grown by 2.6%
  • Standard & Poor’s 500 has increased by 2%

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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