Economic mirror of the day, comments

Economic mirror of the day


Oil fell in price on Tuesday during the Asian trading session in anticipation of industry estimates of US oil reserves and monthly data on demand and supply from the International Energy Agency.
On the New York Mercantile Exchange, WTI crude oil for December delivery fell 0.25% to $ 56.62. At Intercontinental Exchange Brent crude oil fell in price by 0.32% to $ 62.96 per barrel.
It is expected that oil reserves will decrease by 2.850 million barrels, distillate stocks will decrease by 1.775 million barrels, and gasoline stocks will fall by 1.025 million barrels.
At COMEX, a division of the New York Mercantile Exchange, gold futures for December delivery are traded at a price of $ 1.276.51 per troy ounce, down 0.19% at the time of writing.
The minimum of the session was a mark of $ per troy ounce. At the time of writing, gold was supported at $ 1.273.60 and resistance at $ 1.289.50.
Futures on the USD index, showing the ratio of the US dollar to the basket of the six major currencies, rose by 0.00% and is trading at around 94.40 dollars.
As for other commodities traded on COMEX, silver futures for December delivery declined 0.34%, reaching $ 16.989 per troy ounce, while copper futures for December delivery fell 0.26% to reach the level of $ 3,117 per pound.
USD / JPY appreciated 0.03% to 113.65, while AUD / USD was trading at 0.7631, jumping by 0.10%.
In China, the volume of investment in fixed assets rose 7.3% year-on-year in October, although an increase of 7.4% was expected, while industrial output increased 6.2% instead of the expected 6.3%. Retail sales in the meantime increased by 10%, although an increase of 10.4% was expected.
In Australia, the index of business confidence from NAB rose in October from 7 to 8, while the index of business sentiment from NAB jumped from 14 to 21.
The US dollar index, showing the strength of the dollar relative to the basket weighted by trade of the six leading currencies, rose 0.01% to 94.41.