Previous Trading Days Events 16.07.2024

U.S. retail sales were unchanged in June, a display of consumer resilience that bolstered economic growth prospects for the second quarter.

It did not change expectations that the Federal Reserve could start cutting interest rates in September amid cooling inflation and helped to assuage fears of a sharp slowdown in the economy.

The economy is in pretty good shape, said Bill Adams, chief economist at Comerica Bank. There are signs of softness around the edges where low and moderateincome consumers are pulling back but openhanded spending by affluent consumers is keeping the economy as a whole moving forward.

Retail sales increased 2.3 on a yearonyear basis in June. Momentum has, however, slowed from the 7.7 gain logged in January 2023. After a period of high inflation, households are trading down and seeking cheaper alternatives, as evident in earnings reports from major retailers and manufacturers.

Source httpswww.reuters.commarketsususretailsalesunchangedjunebeatingforecastsslightdrop20240716

Winners vs Losers

Metals are still leading this week with Gold having 2.33 gains and Silver having 0.65 gains. Gold now takes the lead for the month having 6.02 gains.

News Reports Monitor Previous Trading Day 16.07.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No important news announcements, no important scheduled releases.

Morning Day Session European and N. American Session

At 1530…