Financial News

U.S. industrial production comes in flat in June, manufacturing sector grows on rise in motor vehicle production

U.S. industrial production came in flat in June, after rising 0.4 percent sequentially in the prior month. Consensus expectations were for a rise of 0.1 percent. The flat reading masks significant differences throughout sectors, with a huge weather-related fall in utilities production mostly countered by a strong rise in motor vehicle manufacturing.

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U.S. headline import prices fall in June

Imported inflation in the U.S. came in softer than consensus expectations in June. Headline import prices dropped 0.9 percent sequentially and 2 percent year-on-year, mainly due to sharp falls in energy and food prices.

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U.S. retail sales grow above expectations in June, consumer spending to have risen strongly in Q2

U.S. retail sales grew strongly in June, following a solid rise seen in the prior month. Sequentially, the retail sales rose 0.4 percent, coming above the consensus expectations of a rise of 0.2 percent.

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Crypto Technicals: DASH/USD pivotal at 200-DMA support, breach will open up downside

DASH/USD chart - Trading View

Exchange - Kraken

Support: 112.612 (200-DMA); Resistance: 129.210 (5-DMA)

Technical Analysis: Bias Bearish

DASH/USD is extending weakness for the 2nd straight week, bias strongly bearish.

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German economic sentiment continues to be low, ZEW indicator drops to -24.5 points in July

German economic sentiment continues to be at a low level. The ZEW Indicator of economic sentiment dropped to -24.5 points in July, a fall of 3.4 points from June. The long-term average of indicator is 21.8 points.

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