More new jobs and higher unemployment in the United States

The newly created jobs in the United States surprised the analysts happily, rising to 213,000 in the past month, or more than the average expectations of 200,000 new jobs.
What disappointed investors, however, was the unemployment figures. Instead of keeping at 3.8%, as expected, unemployment rose to 4%.
The other disappointing figures in the report were those of raising average hourly wages. The index grew by 0.2% on a monthly basis and 2.7% on an annual basis in June, against expectations of an increase of 0.3 and 2.8%, respectively.
All this has made investors take a step backwards in terms of forecasts of four US interest rates hikes this year after we've seen two. In other words, they can only expect another increase in interest rates this year.
The dollar has fallen sharply against other major currencies. The euro rose to 1.1750 levels after trading at levels of about 1.1700 previously.

The European indices ended with growth

The European Stock Exchange session ended in positive territory despite the start of the US-China trade war late last week.
Employment data in the US also had an impact on European indexes on the first day of the new week. The European Stoxx 600 reported the highest rise after the UK FTSE 100 Main Index.
The political turbulence in the UK, in connection with the resignations of two negotiators, was also accepted by market participants as good news. Expectations for a reversal in the negotiations with the EU and a "soft break" have risen after the two resignations.
French carmaker Renault-Nissan came to the bottom because of concerns over his Nissan partner company, which has admitted to falsifying exhaust emissions and fuel economy in the Japanese automotive market.

Gold is pushed up from its bottom

At the beginning of the week, platinum fell momentarily below the psychological limit of $800 per ounce. But there was a fast return, and early this morning, the "white metal" was trading at 840 dollars per ounce.
Gold also recovered substantially from its decline on Monday when it reached the lowest value of $1 236 per ounce. Earlier today, precious metal was traded at levels of $1 254 per ounce.
The big loser is silver, although the metal was also the one that dropped at least during the precious metal fall at the beginning of the week.
Silver has returned at levels of trade above the psychological limit of 16 dollars per ounce, but faces difficulties for further growth. Serious resistance is at the level of $16.10 per ounce.
Down below, silver should not fall below the bottom of November last year at $15.60 an ounce. If this happens, the prospects for the appreciation of the metal will fall seriously. On the other hand, witnessing the acceleration of silver growth can only be achieved with a sustained return of more than 16.20 dollars per ounce.

Oil is headed to $80 a barrel?

Oil continued to rise to $75, after data on US crude oil stocks and continuing concerns about supply shortages.
Despite assurances that Saudi Arabia will raise its production, in response to President Trump's request and his administration, there was a scandal. The media severely condemned Trump's tweets, saing they were offensive to Saudi Arabia.
US crude oil rose 1%, with a premium between futures contracts shipped month by month, expanding heavily. This indicates the market participants' expectations for a potential further rise in the price of "black gold."
In addition, the decline of the dollar against other major currencies has also fueled the slight rise in oil prices.
Oil prices are rising despite OPEC countries' assurances that they will adhere to a 1 million barrel per day production agreement.
The rise in the cost of raw materials in such environments has led a number of market observers to believe that OPEC will not be able to cope with the supply of such a quantity of oil due to lack of sufficient spare capacity.
And this may trigger further rising of raw material to the next key $80 per barrel.

Platinum under $800

The price of platinum has collapsed. It fell below $800 per ounce, marking a record low in its history. The noble metal started with its decline a week ago but only yesterday lost more than 5% of its value.
The prices of other precious metals also fell. Gold fell below the support level of $1,250 and fell to $1,238 per ounce.
Silver is trading early this morning at $15.78, or its lowest value since November last year.
The platinum and gold price ratio is at a record low of 0.646.
The sharp decline in platinum prices is largely determined by fears that US duties on aluminum and steel will reduce demand for platinum.
The strong dollar and the decline in demand for diesel cars, whose platinum catalysts are used, are other reasons for the decline in platinum prices.
There are also some concerns about manipulating the price of platinum. The fall of the metal below $811, which is a bottom since 2004, has increased panic sales of investors. Many stop losses were taken, which further prompted the supply of precious metal.
Whether levels of less than $800 would not have been a good time to buy, we're going to see very soon.

Emerging market currencies are sharply declining

Trump's latest measures to deepen protectionism have triggered further sell-offs in emerging markets.
The currencies and indices of emerging markets are turning to their biggest losses since September 2015. The Hungarian forint has fallen to a historic bottom after the country's central bank has confirmed its not particularly aggressive monetary policy.
Yuan fell on Thursday for the tenth consecutive day against the dollar, which was his longest series of declines since March of 2014.
A cheap yuan is part of China's policy to resist US blows in the ever-worsening trade war between the two super-economic powers.
Chinese yuan is cheaper also because the central bank of China refrains from raising interest rates after the Fed raised interest rates by 25 basis points.

The silver broke $16 - the next stop is 15.50

Traditional economic theories say that gold and other precious metals should rise in times of geopolitical uncertainty. In an environment of constant mention of the word "trade war" between the US and China, what better geopolitical instability than this?
Still, noble metals can not find their way up and continue with their loss.
Gold broke the key support level of $1,250 and traded at $1,248 earlier this morning. Subsequent levels of support for the yellow metal are at levels of about $1,230 per ounce.
More worrying is the silver situation, where there was a break of the psychological limit of $16 per ounce. This level has already stopped the downward depreciation of the metal several times, and now the situation is quite worrying.
It seems almost certain that silver will test its key level of support at $15.50 per ounce.