Slowdown PMI indicated the most volatile Eurozone
Early on Wednesday, oil price climbed after EIA reported a nearly 11 million-barrel fall in weekly crude supplies. Then NYMEX's most active WTI futures achieved a total of 2.543 billion US dollars trading volume. WTI price dropped 2.37% to 55.73. Brent price fell 1.62% to 63.31.
Cabinet restructuring has intensified sterling volatility. Britain’s new prime minister Johnson reshuffled the cabinet and a total of 16 cabinet ministers have been dismissed. GBPUSD rose 0.41% to 1.2484.
EURUSD drops to 2-month lows near 1.1139 on poor Eurozone PMIs.
Treasury Secretary Steven Mnuchin indicated that a strong dollar is good for the U.S. economy in the long term and he wouldn’t advocate for a weak-dollar policy in the near future.
The upcoming big data and events: Monetary Policy Statement and ECB Press Conference and Main Refinancing Rate data of Eurozone. US Core Durable Goods Orders m/m data.
Daily movement
|
Asset |
Open |
Close |
High |
Low |
change% |
|
USDX |
97.4100 |
97.4000 |
97.5200 |
97.2400 |
-0.01% |
|
EURUSD |
1.1151 |
1.1139 |
1.1156 |
1.1127 |
-0.11% |
|
GBPUSD |
1.2433 |
1.2484 |
1.2522 |
1.2426 |
0.41% |
|
USDJPY |
108.2000 |
108.1720 |
108.2730 |
107.9340 |
-0.03% |
|
AUDUSD |
0.7003 |
0.6977 |
0.7008 |
0.6972 |
-0.37% |
|
USDCAD |
1.3133 |
1.3140 |
1.3150 |
1.3118 |
0.05% |
|
NZDUSD |
0.6702 |
0.6705 |
0.6723 |
0.6691 |
0.04% |
|
USDCNH |
6.8849 |
6.8751 |
6.8850 |
6.8709 |
-0.14% |
|
GOLD |
1417.8200 |
1425.4300 |
1429.4700 |
1416.2800 |
0.54% |
|
WTI |
57.0800 |
55.7300 |
57.4700 |
55.1800 |
-2.37% |
|
BRENT |
64.3500 |
63.3100 |
64.8200 |
62.7500 |
-1.62% |
|
DOW 30 |
27308.9100 |
27257.5800 |
27354.0100 |
27189.1300 |
-0.19% |
|
S&P 500 |
3000.8200 |
3015.9900 |
3019.9700 |
2993.8100 |
0.51% |
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