America

With an increase of more than 25% since the beginning of the year, gold has continued to climb and will probably not stop there.

Sky high valuations are abundant in equity markets however they are getting far less attention than during previous bubbles. Specifically, investors talk of potential cures brought about by startup biotech companies which is reminiscent to counting eyeballs during the internet bubble.

Any decision on finance by the tycoon George Soros never goes unnoticed. As reported by the mandatory reporting to the US exchange, Soros Fund Management LLC, the fund managed by the entrepreneur 86-year-old, has increased its short position in the S & P 500, the benchmark index of US stocks, accumulating put options corresponding to approximately 4 million shares , almost double the 2.1 million shares held on 31 March.
Hard to say if it’s real short positions, as they may be simple hedging positions (hedging) of equity securities. The fact is that an indication that we can deduce is quite clear: the expert does not expect an imminent for the US stock market rally.

The race for the White House is also a challenge shots of declarations (of income). While Hillary Clinton and her husband Bill said they had earned $ 10.6 million in 2015 and have paid taxes of 3.6 million, the Republican rival Donald Trump refuses to disclose its data. That means their effective tax rate — a measure of their income tax burden — was 30.6% based on their adjusted gross income.

Russia could be the first country in the world to use an high speed public transportation. The main investor of the project is Ziyavudin Magomedov, the magnate at the head of the group "Summa." Magomedov and the Moscow authorities are considering the construction of Hyperloop to connect the city center with the "new Moscow" and the airports of the capital.

The unemployment rate in the US for the month of July remained stable at 4.9%. This was announced by the US Department of Labor. The same source also reported that the new jobs in non-agricultural sectors increased by 255 thousand units. In this case, the figure was higher than analysts’ expectations. The estimates, in fact, pointed to an increase of 180,000 jobs. Revised upwards the detection of June to 292,000 jobs from 287,000 earlier.

The race for the White House fascinates the American people and helps the results of companies. Thanks to the Clinton-Trump challenge and election commercials, 21st Century Fox has exceeded analysts’ expectations.

The media conglomerate posted revenues of $ 6.6 billion for the period ended June 30 (Q4), up 7 percent, and a surge in net income from $ 87 million in the year-May period to $ 567 million. Earnings per share were $ 0.30, up from $ 0.04 During the same time frame last year.

Support at 100.70 holds, meaning there is still a good chance of a rally, first up to 103 and then up to 105 yen. The former resistance is created by the monthly pivot point, while the latter a lot denser supply zone is much less likely to let the price increase further. There the bulls will encounter the six-month down-trend and the 55-day SMA. Alternatively, if the scenario suggested by the indicators materialises and both 100.70 and 100 fall victim to the selling pressure, we will expect a bullish correction to start only circa 97 yen, when the rate meets the lower bound of the bearish channel.