Weekly Gains, China, UK GDP, Oil, Gold, Bitcoin


Source: actionforex.com actionforex.com

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It’s been another very good week for equity markets, extending the run to four weeks in many cases as investors become more optimistic about the economic outlook. This week has been all about the inflation data and, frankly, it could be the dominant force in the markets now right up until the Jackson Hole symposium. The fact that inflation not only decelerated in the US but at a faster pace than the consensus forecasts was a double win and risk assets are feeling the benefit. Of course, it doesn’t take much of a dive into the data to see that...