Note

Daily Summary for Thursday – the 11th of July

· Views 4,393

The overall monthly CPI edged up 0.1% in June, and the core CPI rose to 0.3%. These increase were mainly due to rising food and rent prices.

Mr Powell’s speech hinted an aggressive rate cuts at the end of July by the Fed’s decision, which boosted the US market. In terms of commodities market, the price of crude oil was stable, while the gold price fall sharply due to the rebound of US dollar.

On Friday, the US monthly PPI and core PPI will be released.

Daily movement

Asset

Open

Close

High

Low

change%

USDX

96.6700

96.6700

96.7600

96.4000

0.00%

EURUSD

1.1252

1.1254

1.1286

1.1245

0.02%

GBPUSD

1.2498

1.2526

1.2571

1.2497

0.23%

USDJPY

108.4220

108.4910

108.5290

107.8560

0.06%

AUDUSD

0.6955

0.6975

0.6988

0.6953

0.28%

USDCAD

1.3080

1.3067

1.3091

1.3041

-0.09%

NZDUSD

0.6645

0.6662

0.6688

0.6638

0.26%

USDCNH

6.8736

6.8758

6.8772

6.8609

0.03%

GOLD

1418.4900

1403.6600

1427.1500

1400.9300

-1.05%

WTI

60.3100

60.2800

60.8200

60.0400

-0.05%

BRENT

67.1200

67.2200

68.1700

66.9400

0.15%

DOW 30

26853.2600

27084.8200

27096.8900

26848.7900

0.86%

S&P 500

2991.8600

3000.0100

3002.4800

2988.6000

0.27%

 

 

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