Daily Alert – Tuesday 8th August 2023: The doldrums of August

Mark NugentAug 2023, Daily Alert

Daily Alert – Tuesday 8th August 2023: The doldrums of August

Good morning.

It is very quiet. It is August and it is hot.

This morning, in Germany, the Harmonised Index of Consumer Pricing came in on target at 6.5%.

On the charts, I see oil clinging to resistance. I am waiting for a breakout to the upside.

Currencies continue to be essentially directionless.

I think that is it for the moment. Of course, I will re-assess at the end of the day.

Note: I will produce videos tomorrow, and Thursday, and then I will take two weeks off, returning on Monday 28th August.

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