Global Forex July 17th - From now on, Global Forex will collect the financial news that investors must watch every morning, and share the market's bit by bit, hope to be your daily must-see. Trading strategy.
[Review of market performance on Friday]
☆ Global currency market: The US dollar fell against a basket of major currencies on Friday. The previously released US consumer price and retail sales data in June were weaker than expected, raising questions about the strength of the US economy and whether the Fed will raise interest rates again this year. The US dollar index fell 0.6% to 95.15, dropping to a low of 95.13 in September last year. The dollar fell 0.65% against the yen to 112.53, after hitting a two-week low of 112.28. The euro rose 0.62% against the dollar to $1.1466.
Among them, the Bloomberg dollar spot exchange rate index, which measures the performance of the US dollar against the top ten major counterparties, fell 0.68%.
EUR/USD rose 0.63% to $1.147
USD/JPY fell 0.66% to 112.53 yen
GBP/USD rose 1.23% to $1.3098
☆ Precious metals: Gold prices climbed 1.4% to the highest level in the past two weeks. The data released earlier pointed to the weak US inflation, confirming the doubts about the Fed’s interest rate hike again this year. Spot gold closed at $1228.58 per ounce, with an intraday high of $1232.76. Last week, it rose 1.3%, the biggest weekly increase since mid-May. US August gold futures closed up $10.20, or 0.84%, at $1,227.50 an ounce. The contract rose 1.5% last week, rising for the first week of six weeks.
Among them, COMEX gold rose 0.8% to 1227.5 US dollars / ounce; 1.5% rose throughout the week
COMEX silver rose 1.5% to $15.933 an ounce
NYMEX Platinum Futures rose 1.8% to $923.5 per ounce
NYMEX palladium futures rose 0.2% to $856.75 per ounce
☆ Energy: Oil prices rose by 1%, helped by the decline in US oil inventories, a slight slowdown in US crude oil production, and signs of increased demand in China, but the market is volatile, as global supply is still abundant. Brent crude futures closed up $0.49, or 1.01%, to $48.91 a barrel. US crude oil futures closed up 0.46 US dollars, or 1%, to 46.54 US dollars per barrel. Brent crude oil futures rose more than 4.7% last week, and US crude oil futures rose more than 5.2%.
Among them, NYMEX West Texas Intermediate crude oil futures rose 1% to 46.54 US dollars / barrel; 5.2% rose throughout the week
ICE Brent crude futures rose 1% to $48.91 per barrel
NYMEX gasoline futures rose 2.3% to $1.5605/gallon
NYMEX diesel futures rose 1.6% to $1.515 a gallon
NYMEX natural gas futures rose 0.6% to $2.98 per million British thermal units
☆ European and American stock markets: The US stock market Dow Jones Industrial Average and the S&P 500 index all recorded record highs on Friday. The previously released economic data was weak, which lowered expectations for another US rate hike this year. Last week, the Dow Jones Industrial Average rose 1.1%, the S&P 500 index rose 1.4%, and the Nasdaq index rose 2.6%. The small and medium-sized Russell 2000 index also hit a record high on Friday. European stock markets rose slightly, and last week recorded the best weekly performance in more than two months, as there are signs that the world's major central banks may not tighten monetary policy as soon as some people worry, investors flock back to the stock market . The pan-European STOXX 600 index edged up 0.1%, while euro zone blue-chip stocks closed down 0.05%.
Among them, the S&P 500 index rose 0.5% to 2459.27 points.
Dow Jones Industrial Average rose 0.4% to 21637.74 points
The Nasdaq Composite Index rose 0.6% to 6312.465 points
Stoke Europe 600 index rose 0.2% to 386.84 points
UK FTSE 100 index fell 0.5% to 7738.39 points
France's CAC 40 index is basically flat, reported 5235.31 points
Germany's DAX index fell 0.1% to 12631.72 points
☆ US bond market: US bond yields fell to a few weeks low, due to moderate inflation in June, and unexpected decline in retail sales, cooling expectations for another rate hike later this year. At the end of the session, the yield on US 10-year bonds fell to 2.324%, which was 2.348% at the end of last Thursday, and fell to a low of 2.279% since June 30. US two-year bond yields fell to 1.3555%, compared with 1.367% last Thursday, hitting a three-week low of 1.323%. After the data was released last Friday, the short-term and long-term bond yields narrowed, and the difference between the two-year and 10-year bond yields was 96.70 basis points, the narrowest in a week.
Among them, the 2-year government bond yield fell 0.8 basis points to 1.36%
5-year Treasury yield fell 2.5 basis points to 1.87%
10-year Treasury yield fell 1.3 basis points to 2.33%
30-year Treasury yield rose 0.2 basis points to 2.92%
☆ Industrial Metals: Aluminum futures held steady on Friday after the biggest one-day gain in the past three months, as investors reassessed concerns about China's largest producers cutting capacity. Three-month aluminum on the London Metal Exchange closed up 0.2% to $1,927. Copper futures closed 0.9% higher at $5,926, as China's economic data is encouraging, and US consumer prices and retail sales data have reduced the chances of another US rate hike this year.
Among them, LME copper rose 0.9% to $5,926/ton
LME aluminum rose 0.2% to $1,927/ton
LME nickel rose 4% to $9575/ton
LME zinc fell 0.6% to 2,786 US dollars / ton
LME tin was basically flat, reported at $19,810/ton
Lead in LME rose 1% to $2,316/ton
COMEX copper rose 1.1% to 2.691 US dollars / lb
[Review of major financial data and events on Friday and weekend]
☆ US consumer prices were flat in June, retail sales fell again
US consumer price index (CPI) was flat in June, retail sales fell for the second consecutive month, pointing to weak inflation and weak domestic demand, weakening the possibility of the US Federal Reserve's (FED/Fed) rate hike for the third time this year. Sex. The US Department of Labor said that the consumer price index was flat in June as gasoline and mobile phone service costs fell further. The CPI fell by 0.1% in May and failed to rebound in June. In the 12 months to June, the CPI increased by 1.6%, the smallest increase since October 2016, with an increase of 1.9% in May. Another report released by the Ministry of Commerce showed that retail sales fell 0.2% in June, up 2.8% year-on-year. Other data released on Friday showed that industrial production accelerated in June as mining and manufacturing output increased. According to CME Group's FedWatch tool, the financial market's chances of raising interest rates by 25 basis points in December were 47%, down from 55% before the data was released.
☆ Dallas Fed President hopes to shrink the table as early as September, and then raise interest rates after seeing more progress
Dallas Fed President Kaplan said that the Fed may start to reduce its balance sheet of 4.5 trillion "as early as September." Coprand said he hopes to reduce the volatility of financial markets in a step-by-step and predictable way. At the same time, Kaplan reiterated that although the United States is close to full employment, inflation is low, and he wants to raise interest rates after seeing more progress.
Chicago Fed President Evans said that the US real economy is performing well and inflation is still below 2%. To reach the 2% inflation target in time, it is necessary to slowly withdraw the easing policy.
☆ Reuters: The European Central Bank is not willing to rush to set the end time for quantitative easing
Three sources familiar with the discussion said that the ECB tends to maintain a state in which the asset purchase program has no fixed deadlines, rather than setting a possible end date that is likely to be far away, in order to maintain flexibility in the event of a deterioration in prospects. The source said that not to say when the net asset purchases fell to zero level, the ECB hopes to emphasize that its stimulus plan has no default path, any adjustment will depend on economic data, especially salary data. European Central Bank policymakers will hold a policy meeting on July 20.
☆The interest rate rise helps the big US bank's quarterly report to exceed the expectations, but investors do not buy it.
After a long wait, the US bankers finally began to see some of the benefits of rising interest rates. Four large banks announced last Friday that their quarterly profit was higher than analysts' estimates. Thanks to the increase in loan prices, the contribution to deposits did not increase too much. But shares of JP Morgan Chase, Wells Fargo, Citigroup and PNC Financial Services Group fell in the afternoon and ended lower. Analysts said investors are counting on seeing better performance and hearing bank executives have a better view of the bank's prospects.
☆ Trump appoints special adviser to the new White House
The White House statement said that US President Trump announced that former federal prosecutor Ty Cobb served as special adviser to the White House to focus on various investigations related to Russia.
[Today's financial affairs prospects (Beijing time)]
☆ data articles
10:00: China's second quarter GDP year-on-year (estimated at 6.8%, the previous value was 6.9%)
10:00: China's industrial added value in June year-on-year (estimated at 6.5%, the previous value is 6.5%)
10:00: China's total retail sales of consumer goods in June year-on-year (estimated at 10.6%, the previous value was 10.7%)
10:00: China's fixed assets investment without farmer households in January-June is estimated at 8.5%, 8.6% in January-May.
17:00: The final value of the consumer price in the euro zone in June (estimated at 1.3%, the previous value is 1.4%)
20:30: US July New York State Manufacturing Index (estimated at 15, previous value is 19.8)
Editor: Xiaoxiang
We have various kinds of jumpsuits,the main fabric is 100% rayon.this fabric is very soft and will not fade easily.there are many styles for ur choise,if u are interested in our products,please contact us directly,we will try our best to do well as requested,by the way,if u have ur own design,u can also send us ur draft and products details,we can also according to ur requirements to do,
Polka Dot Jumpsuits,Women Print Jumpsuits,Casual Braces Jumpsuits,Women Strapless Jumpsuits
Shaoxing PinSheng Garment co,ltd , https://www.psfsshirt.com