34876.95 green stock price display with fluctuating market data, digital LED screen highlighting financial trends and market analysis.
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U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea, and uncertainty in the aftermath of Hurricane Harvey.

The S&P 500 closed the day up .46% moving out of its short-term downtrend channel.

SPX stock market chart with trend analysis, showing upward trends and consolidation patterns, ideal for analyzing stock performance and market predictions.

Technology stocks lead the way higher, with the NASDAQ closing up 1.05%. It has now broken out of its near-term downtrend channel.

Nasdaq Composite Index stock chart showing upward market trend with recent fluctuations, indicating investor confidence and market resilience in 2017.

The Canadian TSX Index was up .33%, but remains in the downtrend channel it has been in since late April.

TSX stock market trend analysis, showcasing a declining channel trend with specific support and resistance levels, relevant for investors tracking the Toronto Stock Exchange.

In Asia we saw the Shanghai Index takes a small breather after rocketing higher on Monday and Tuesday.

SSEC Shanghai Stock Exchange Composite Index trending upward with positive momentum, illustrating market growth and investment opportunities in August 2017.

The Japanese Nikkei was up .74%, regaining most of yesterday’s loss, as the Yen retreated.

US 10-Year Treasury Yield trend analysis chart with descending trend lines, highlighting fluctuations from 2016 to 2017, critical for investors monitoring bond markets.

In Europe, the German DAX, was with up .47%, but like most Euro stocks, remains in the downtrend that it has been in since mid June. The Euro’s strength hurts exports.

DAX German stock market index chart showing a rising trend from September 2016 to April 2017 with a recent downward trend, indicating market fluctuations and potential recovery signals.

The London FTSE gained .38%, but still remains in its downtrend channel.

FTSE London Financial Times Index chart showing upward trend and market performance as of August 2017.

Gold was able to break through powerful resistance on Monday at the 1280-1307 level. Gold closed today down 4.80 at 1314.10, and we will watch tomorrow to see how gold closes the month. Near-term we have resistance at 1325, 1340, and the the previous high of 1367.

1314.10 gold price chart showing resistance points, with trend analysis from August 2016 to August 2017, highlighting key price movements and resistance zones.

With currencies, the $US is trying to climb back into its downtrend channel after dropping almost 10% since the start of the year.

$USD US Dollar Index - Cash Settlement (EOD) ICE financial chart from August 2017 showing USD trend analysis, market fluctuations, and technical signals.

The $CAN fails to penetrate strong resistance at .80. Longer-term we are looking for the $US to regain strength, so last week we suggested that Canadians would want to look to convert to $US at these levels.

CADUSD currency exchange rate trend graph showing upward movement from June to August 2017.

The Euro was up slightly today. Longer-term, we are very bearish on the Euro, and expect that 2018 will be a tough year for the Euro. Last week we said that Europeans will want to start to convert to $US on this strength, as we identified strong resistance at 1.18-1.20.

Euro0830

After gaining on safe-haven capital flow, the Yen has now broken down out of its near-term uptrend channel. Longer-term, we are bearish on the Yen.

 Yen0830

The British Pound bounces after recent weakness. A break below 1.28 opens the door to further weakness at 1.27 and 1.262.

BP0830

With bonds we saw the US 10-year bond decline slightly, resulting in a .94% gain in yield, now at  2.15%.

Yield0830

Stay tuned!