Accendo Press Quotes - Week Ending 12 Aug

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Accendo Press Quotes – Week Ending 12 Aug

8 Aug

Telegraph

Augustin Eden, of Accendo Markets, said: “A flat opening call comes after Chinese trade data disappointed, although a negative start was likely averted with market watchers noting that data lags reality, so this shouldn’t worry too much. Asian markets have in fact outperformed after Friday’s impressive US Jobs report. This served to strengthen the USD on heightened expectations of a 2016 Fed rate hike, which in turn weakened Asia Pacific currencies to buoy equity indices there – the Nikkei putting on 2pc as a result and the Aussie ASX also remaining just above the waterline, despite its heavyweight mining stocks suffering from USD strength.”
http://www.telegraph.co.uk/business/2016/08/08/UK Index -100-nears-14-month-high-and-oil-rallies-on-new-output-freez/

London Stock Exchange

“Gold has sold right back to its end-July levels as a risk-on attitude and stronger US dollar weigh on precious metals prices. A break below USD1,331.00 could see further declines to the July lows of USD1,310.00, while a breakout above the 20-day moving average is required to kick start any recovery rally,” said Accendo Markets analyst Augustin Eden.
http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1470649653670587200.html

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