The Traderszone Network

Advance US good trade balance for July
– Prior was $64.0B
– Exports $127.1B, down $1.6B m/m
– Imports $192.2B, down $0.5B m/m
The larger deficit isn’t a big miss but falling exports and imports is a negative sign, although not likely to get the market’s attention.

Gilead Sciences on Monday agreed to buy Kite Pharma for about $11.9 billion in cash, Dow Jones reported, citing sources.

The Amazon-Whole Foods deal was apparent in grocery stores starting Monday.

The USD is the weakest
The UK is on “Summer Bank Holiday”. It is sunny and 26C.  I hope all are outside enjoying the day.  That sunshine has had a positive effect on the GBP. It is the strongest currency on the day.  Meanwhile, the USD is the weakest currency as the North American traders enter

Technical analyst Dave Chojnacki of Street One Financial kicks off the new trading week with a recap of last weeks action and an update to the important technical factors affecting the U.S. equities markets right now.

The market opened higher on Friday, as news coming out of Fed’s Jackson Hole symposium was dovish. Equities traded in a roller coaster fashion throughout the day, on low volume. Tech stocks were weak on Friday, keeping the Nasdaq 100 (NDX) in negative territory going into the close.

read more

US economic data coming up
The disaster in Texas continues to unfold as people in the Houston are wake up to more flooding and more rain in the forecast. Oil delivery ports and refineries are shut in and that’s hurting demand for oil with WTI crude down 40 cents to $47.47.

South Korea’s Moon Jae-in urged defense officials to step up military reform “in case North Korea stages a provocation.”