ForexLive European FX news wrap: Dollar gains as gloomy China data weigh on risk 0 (0)

<p>Headlines:</p><ul><li><a target=“_blank“ href=““>Dismal China data weigh on sentiment</a></li><li><a target=“_blank“ href=““>Monetary policy alone just isn’t cutting it in China</a></li><li><a target=“_blank“ href=““>Dollar gains further as risk appetite stays subdued</a></li><li><a target=“_blank“ href=““>Oil suffers another beating again, down over 4% on the day</a></li><li><a target=“_blank“ href=““>China stages more drills around Taiwan amid US lawmakers‘ visit</a></li><li><a target=“_blank“ href=““>Germany July wholesale price index -0.4% vs +0.1% m/m prior</a></li><li><a target=“_blank“ href=““>Switzerland July producer and import prices -0.1% vs +0.3% m/m prior</a></li></ul><p style=““ class=“text-align-justify“>Markets:</p><ul><li>JPY leads, NZD lags on the day</li><li>European equities mixed; S&P 500 futures down 0.5%</li><li>US 10-year yields down 2 bps to 2.829%</li><li>Gold down 1.6% to $1,773.03</li><li>WTI crude down 4.9% to $87.62</li><li>Bitcoin down 0.7% to $24,082</li></ul><p style=““ class=“text-align-justify“>The focus to kick start the new week is China, as the latest set of economic releases there disappointed heavily with loan demand crashing hard. That is prompting worries about a major slowdown, which will surely spill over to the global economy.</p><p style=““ class=“text-align-justify“>That saw the aussie and kiwi weighed lower initially in Asia before the selling intensified as the dollar and yen gained on risk aversion during European morning trade. Equities were weighed lower with US futures retreating, though the drop isn’t as notable after the surging rally on Friday. The bond market remains tepid, with yields holding slightly lower as well.</p><p style=““ class=“text-align-justify“>EUR/USD fell from 1.0240 to 1.0190, pretty much erasing its post-CPI advance and GBP/USD is also doing the same in a drop from 1.2120 to 1.2050 during the session. USD/JPY kept steady around 133.20-40 for the most part as both the dollar and yen are holding firmer amid risk flows on the day.</p><p style=““ class=“text-align-justify“>Meanwhile, USD/CAD is seeing a big jump with a push from 1.2785 to 1.2915 amid the more subdued risk mood and also another beatdown in oil. WTI crude saw a 5% drop to below $88 and is holding near the lows for the day currently as oil market sentiment is not helped by the negative headlines from China.</p><p style=““ class=“text-align-justify“>The antipodeans are the biggest losers though, with the aussie and kiwi already softened from the poor data before an extended rally in the dollar (weaker risk sentiment) saw both currencies decline further. AUD/USD saw a drop from 0.7100 to 0.7025 while NZD/USD was hammered down from 0.6430 to 0.6360 during the session.</p><p style=““ class=“text-align-justify“>With little else to work with on the economic calendar and still awaiting key data before reassessing the Fed outlook, it looks like markets are clinging on to risk sentiment as the key driver to start the trading week.</p>

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Prepare Your Investments for Retirement with These 4 Things 0 (0)

<p class=“MsoNormal“>Individuals <a target=“_blank“ href=““ target=“_blank“>planning for retirement</a> may feel quite anxious
about the coming years, considering the high inflation and interest rates and
the low consumer confidence.</p><p class=“MsoNormal“>It’s uncertain whether
a recession will occur, although there are some signs that an extended economic
slowdown may happen. Still, retirement will come to just about every people.
Therefore, it’s important to learn as much as we can about navigating and
managing this period in our lives once it takes place.</p><p class=“MsoNormal“>Here are four things
you can do to prepare your investment portfolio for retirement. </p><p class=“MsoNormal“>Combine Similar
Accounts</p><p class=“MsoNormal“>Combining your
similarly taxed accounts and sticking to only one or two financial institutions
helps curb your attention from multiple individual retirement accounts (IRAs)
and 401(k)s. Plus, keeping an eye on and handling your investments and taxes is
easier when you only have a handful of accounts.</p><p class=“MsoNormal“>Merging your accounts
is more than just about getting you organized in retirement.</p><p class=“MsoNormal“>Maintaining multiple
accounts across different institutions could subject you to some considerable
expense funds or additional management costs. And those high, extra costs can
be detrimental to your investment returns, leaving you with less money than you
should have to retire comfortably. </p><p class=“MsoNormal“>Opt For Index Funds</p><p class=“MsoNormal“>Index funds are usually
an excellent choice for a retirement investment portfolio. They are low-cost,
so they help reduce the fees you pay, which in turn increases your long-term returns.</p><p class=“MsoNormal“>Furthermore, index
funds mirror the performance of particular market indexes, making them a
passively-managed investment.</p><p class=“MsoNormal“>That hands-off approach
is a method that you may appreciate in your retirement, as it would allow you
to spend less time monitoring your investments, and more on leisurely or
recreational activities.</p><p class=“MsoNormal“>In choosing ideal funds
to bet on, you can consider ones that follow the S&P 500 index or the
overall bond market.</p><p class=“MsoNormal“>Additionally, taking a
broad look at your portfolio and putting money into diversified index funds may
help you generate profit near the amount of the market’s total return, which is
often higher than what many active investors make.</p><p class=“MsoNormal“>Cut Down on Individual
Stocks</p><p class=“MsoNormal“>Preparing for
retirement signals the time to reassess your individual stock holdings. If
single-stock investments still make up a pretty significant part of your
portfolio, you may need to consider reducing some of those positions.</p><p class=“MsoNormal“>That’s because
idiosyncratic risk is endemic to many individual stocks of companies. You can
minimize this type of risk by focusing on diversifying your investments,
determining a suitable asset allocation, and setting a target amount for
saving.</p><p class=“MsoNormal“>Have Enough Cash</p><p class=“MsoNormal“>Having a sufficient
cash reserve during retirement can be crucial since it can provide the
flexibility you may need in times of emergencies or unexpected expenses.</p><p class=“MsoNormal“>Relying on your stock
positions to pay for your unforeseen expenses is a risky decision in
retirement. On the other hand, keeping an adequate amount of cash during a crisis
can give you financial peace of mind.</p><p class=“MsoNormal“>Instead of opening a
brokerage account, a <a target=“_blank“ href=““ target=“_blank“>high-yield savings
account</a> that you can access anytime would be a better option for storing
your fully liquid funds.</p>

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