Note

Daily Summary for Monday – the 15th of July

· Views 13,274

On Monday, the Empire State Manufacturing index raised up to 4.3, much better than the previous value of -8.6. And this unexpected rise indicates that the US economic condition is healthy, many businesses are active and positively stimulate the market. The oil price benefited from this and WTI once rose to $60.84, but due to an easing political tension between Middle East and a slowdown in demand for crude oil, oil price ended up with falling by 1.59%, below $60. 

Chinese quarterly GDP was 6.2%, 0.2% lower than the first quarter, and it was growing at a lowest rate. Other data including yearly industrial production and retail sales were both better than expectation, and these positive results make AUDUSD and NZDUSD extend the rebound to an increase of .36% and .45% respectively

The upcoming big events are: British Average Earnings index, BO Gov Carney Speaks, the US monthly retail sales.

 

Daily movement

Asset

Open

Close

High

Low

change%

USDX

96.4200

96.5500

96.5800

96.3600

0.13%

EURUSD

1.1269

1.1258

1.1284

1.1253

-0.10%

GBPUSD

1.2568

1.2516

1.2578

1.2510

-0.41%

USDJPY

107.8810

107.9040

108.1060

107.7950

0.02%

AUDUSD

0.7014

0.7039

0.7039

0.7012

0.36%

USDCAD

1.3033

1.3048

1.3053

1.3021

0.12%

NZDUSD

0.6687

0.6718

0.6734

0.6682

0.45%

USDCNH

6.8777

6.8726

6.8858

6.8704

-0.07%

GOLD

1415.5500

1413.7500

1419.6800

1407.6700

-0.13%

WTI

60.2000

59.2400

60.8400

59.1600

-1.59%

BRENT

67.1900

66.5700

67.8800

66.5000

-0.92%

DOW 30

27309.1900

27344.6100

27403.9100

27267.3200

0.13%

S&P 500

3011.3800

3013.7100

3020.0100

3007.3200

0.08%

 

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I guess that would impact the countries who trading with China if the Made in China is going to low.

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