Daily Summary for Tuesday – the 16th of July
Tuesday, the relationship between the United States and Iraq has been made a huge progress. Both parties were open to negotiate and express willingness to end the tension. This signal reduced the market worries about crude oil supply and resulted in a falling oil price. WTI and BRENT dropped 3.06% and 2.91% respectively.
Three major US stock indices dropped after US President Trump said that he could still impose further tariffs on Chinese commodities during his White House meeting.
In a most recent speech, Fed Chairman Jerome Powell continued to state that the economic outlook has not improved since the last meeting. The global trade and economy are full of uncertainty. Many Fed officials also believe that it is rational to cut rate.
Data to be released on Wednesday: British yearly CPI, Canadian monthly CPI.
Daily movement
|
Asset |
Open |
Close |
High |
Low |
change% |
|
USDX |
96.5500 |
97.0200 |
97.0700 |
96.5300 |
0.49% |
|
EURUSD |
1.1258 |
1.1209 |
1.1263 |
1.1202 |
-0.43% |
|
GBPUSD |
1.2511 |
1.2406 |
1.2520 |
1.2396 |
-0.84% |
|
USDJPY |
107.8860 |
108.2270 |
108.3720 |
107.8160 |
0.32% |
|
AUDUSD |
0.7037 |
0.7011 |
0.7044 |
0.7010 |
-0.38% |
|
USDCAD |
1.3048 |
1.3087 |
1.3091 |
1.3022 |
0.30% |
|
NZDUSD |
0.6717 |
0.6697 |
0.6737 |
0.6695 |
-0.29% |
|
USDCNH |
6.8748 |
6.8809 |
6.8826 |
6.8696 |
0.09% |
|
GOLD |
1414.3200 |
1405.6800 |
1418.2200 |
1400.7400 |
-0.61% |
|
WTI |
59.2000 |
57.3900 |
59.9900 |
57.0100 |
-3.06% |
|
BRENT |
66.6000 |
64.6600 |
67.4700 |
64.1900 |
-2.91% |
|
DOW 30 |
27344.4800 |
27324.7900 |
27404.0900 |
27287.7700 |
-0.07% |
|
S&P 500 |
3013.2600 |
3002.4000 |
3018.0500 |
3000.6800 |
-0.36% |
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