Daily Summary for Friday – the 12th of July
Last week, Fed Chairman Powell’s testimony and the latest FOMC Meeting Minutes helped market for the highly expected interest rate cut at the end of July. Moreover, it is reasonable to cut interest rate when the US inflation rate continued to be low. The smooth CPI and PPI data was mostly in line with the anticipation last week raised concerns about inflationary pressures.
The newly released Chinese GDP reduced to 6.2% compare with last quarter, with very little market influence. Other data including yearly industrial production and retail sales were both higher than expectation, at 6.3% and 9.8% respectively.
The upcoming New Zealand quarterly CPI, Australian Monetary policy meeting minutes, and the US monthly retail sales data may affect the market movement.
Daily movement
|
Asset |
Open |
Close |
High |
Low |
change% |
|
USDX |
96.7200 |
96.4200 |
96.7200 |
96.3900 |
-0.31% |
|
EURUSD |
1.1253 |
1.1270 |
1.1275 |
1.1238 |
0.15% |
|
GBPUSD |
1.2517 |
1.2574 |
1.2579 |
1.2516 |
0.45% |
|
USDJPY |
108.4760 |
107.8910 |
108.6060 |
107.8010 |
-0.54% |
|
AUDUSD |
0.6975 |
0.7020 |
0.7024 |
0.6970 |
0.65% |
|
USDCAD |
1.3069 |
1.3026 |
1.3070 |
1.3017 |
-0.33% |
|
NZDUSD |
0.6654 |
0.6694 |
0.6698 |
0.6652 |
0.60% |
|
USDCNH |
6.8762 |
6.8776 |
6.8854 |
6.8718 |
0.02% |
|
GOLD |
1404.1200 |
1415.3000 |
1416.8900 |
1403.0800 |
0.80% |
|
WTI |
60.3500 |
60.2400 |
60.6400 |
59.8300 |
-0.18% |
|
BRENT |
67.2600 |
67.3500 |
67.7800 |
67.0100 |
0.13% |
|
DOW 30 |
27074.7400 |
27315.7500 |
27332.9400 |
27072.8500 |
0.89% |
|
S&P 500 |
2998.7400 |
3010.8000 |
3013.6500 |
2998.2500 |
0.40% |
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.