US economic data caused oil prices recovered and the dollar index rose


SUBMITTED BY: taurus

DATE: July 20, 2016, 9:12 a.m.

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  1. As reported by the US Department of Commerce , the number of new homes started construction in the US rose 4.8 % in the month 6/2016 to 1.19 million units , indicating the US economy is regaining growth momentum in the second half present.
  2. After the jobs report showed nonfarm America created 287,000 new jobs were added in May 6/2016 , significantly higher than predicted by economists , a series of positive economic data next has prompted investors to increase the proportion predicting the Fed will raise interest rates this year . According to data from CME Group, estimating the Fed raised interest rates in December is 46.5 % .
  3. ICE Dollar Index, tracking the greenback's strength with six major currencies, rose 0.5% to 97.03 points, the highest since May 3. The ICE rose mainly due to the euro fell to a low least 11 days against the dollar at $ 1.1011 / EUR. At the close, the euro fell 0.5% against the dollar to $ 1.1017 / EUR. USD also rose against the yen, touching its highest level against the yen since 24/6, the day after the event Proposed referendum on United Kingdom membership of the European Union. USD trading sessions rose ¥ 106.52 / USD.
  4. Oil prices continued to fall 19/7 US session, down to the lowest 2 months, due to concerns about oversupply, refined petroleum products. Ending the session, the price of US light sweet WTI oil for April delivery on the New York Mercantile 8/2015 Exchange fell 59 cents, respectively 1.3%, to $ 44.65 / barrel, the lowest since 9/5 . 9/2016 July Brent crude price on ICE Futures Europe fell 30 cents, or 0.6%, to $ 46.66 / barrel.
  5. & P 500 fell from the top while the Dow Jones rose 8th session , setting new highs , as investors handle left chieu.Chot reported profits of trading, the Dow rose 25.96 points, respectively 0.14 % , to 18559.01 points, a new record . Dow Jones rose 8 consecutive sessions , the longest rally recorded since April 3/2013 . Meanwhile , the S & P 500 lost 3.11 points, or 0.14 %, to 2163.78 points and the Nasdaq Composite Index fell 19.41 points, or 0.38 %, to 5036.37 points.
  6. Consolidating Investment Bridge

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