US stock indexes were flattish on Wednesday. This testifies to the fact that the market is still uncertain about the direction of the future trend after the new portion of economic reports in the USA.
The CPI didn’t show any changes in July (m/m) while the year-over-year decline was the lowest one since November 2010. The actual data turned out to be better than expected.
The US industrial production report showed a 0.6% increase in July. The manufacturing production increase was around 0.5%. it should be noted that the manufacturing production accounts for 75% of the entire production.
According to the US department of Energy, the US oil and gasoline reserves are seeing a decline.
Forex.
According to , the USD index is fluctuating within the 82.07-82.95 price range formed by wave A/B of Weekly. The closest level of resistance is the local high located at 82,95. A break below it will start a mid-term rally. A break below the closest level of support will resume the downtrend.
