PREVIOUS TRADING DAY EVENTS 14 July 2023

The U.S. University of Michigan UoM Consumer Confidence Index improved to 72.6 points in July, more than the expected 65.5 points in July. Inflation lowered significantly and the labour market remained strong causing the U.S. consumer sentiment to jump to the highest level in nearly two years.

Sentiment climbed for all demographic groups except for lowerincome consumers, said Surveys of Consumers Director Joanne Hsu in a statement. The sharp rise in sentiment was largely attributable to the continued slowdown in inflation along with stability in labour markets.

The report showed that consumers expect a low unemployment rate over the next year, and the majority see their incomes rising at least as much as inflation.

Oneyear inflation expectations are up to 3.4 this month from 3.3 in June. Last years peak was 5.4. 

Its fiveyear inflation outlook is up to 3.1 from 3.0 in the prior month, remaining within the narrow 2.93.1 range for 23 of the last 24 months.

Source httpswww.reuters.commarketsususconsumersentimentneartwoyearhighjuly20230714 

httpswww.bloomberg.comnewsarticles20230714usconsumersentimentjumpstohighestinnearlytwoyears

Winners vs Losers

Silver XAGUSD remains on the top of the winners list for the week and for the month as well, with 8.05 and 9.55 respectively. 
The secondtop gainer with 2.54 for the week, NZDUSD followed closely by EURUSD.

News Reports Monitor Previous Trading Day 13 July 2023…