Wonderful Introduction:
The moon has phases, people have joys and sorrows, whether life has changes, the year has four seasons, after the long night, you can see dawn, suffer pain, you can have happiness, endure the cold winter, you don’t need to lie down, and after all the cold plums, you can look forward to the New Year.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The US dollar index rebounds, and "bad news" vejck.cnes from US inflation data!". Hope it will be helpful to you! The original content is as follows:
On August 15, in the early trading of Asian market on Friday, Beijing time, the US dollar index hovered around 98.12. On Thursday, the US dollar index rebounded, and then, as the US July PPI index was higher than expected, it may suggest that inflation will generally rise in the next few months. The US index expanded its gains and returned to above the 98 mark, and finally closed up 0.43% to 98.17; the benchmark 10-year U.S. Treasury yield closed at 4.290%, and the 2-year U.S. Treasury yield closed at 3.741%. Spot gold continued to fall during the day, and fell below the $3330 mark during the US session, falling more than $40 from the day high, and finally closed down 0.61% to $3335.33/ounce; spot silver closed down 1.27% to $37.99/ounce. Crude oil rebounded, setting a new high in the past week. WTI crude oil fluctuated upward during the day and rose sharply before the US session, finally closing up 1.54% to $63.06/barrel; Brent crude oil finally closed up 1.46% to $66.29/barrel.
Dollar Index: As of press time, the US dollar index hovered at $98.12. Supported by steady US data and rising US yields, the US dollar index ended its two consecutive days of decline and successfully recovered the 98.00 and above mark. Technically, the U.S. dollar index is trying to close above resistance at 98.00–98.20. If this attempt is successful, the U.S. dollar index will move towards the next resistance level, which is in the 99.20–99.40 range.
On Friday, gold hovered around 3336.91. On Thursday, the U.S. inflation report was hot, prompting investors to digest the possibility of a 50 basis point cut at the upcoming meeting of the Federal Reserve. Gold prices were hit and plummeted by more than 0.60%. The U.S. July Producer Price Index (PPI) data released by the U.S. Bureau of Labor Statistics (BLS) broke expectations and June data. The core PPI soared, approaching 4% in the environment where the White House demanded interest rates lower, and said tariffs would not easily cause inflation.
On Friday, crude oil trading was around 63.02. WTI crude oil rose slightly as traders remained cautious ahead of U.S. President Donald Trump and Russian President Vladimir Putin’s important meeting to end the Russian-Ukrainian war in Alaska on Friday.
①09:30Monthly price report of residential prices in 70 large and medium-sized cities in China
②10:00My year-on-year in China
③10:00My year-on-year in China
④20:30My month-on-year in China
⑤20:30My month-on-year in China
⑤20:30My month-on-year in the retail price of residential sales in 70 large and medium-sized cities
⑦20:30My month-on-year in the US
⑦20:30My month-on-year in the US
⑧21:15My month-on-year in the US
Monthly rate of industrial output
⑨22:00 The expected initial value of the one-year inflation rate in the United States in August
⑩22:00 The monthly rate of vejck.cnmercial inventory in the United States in June
22:00 The initial value of the University of Michigan Consumer Confidence Index in August
The next day 01:00 The total number of oil drilling rigs in the week from the United States to August 15
The next day 03:30 US President Trump and Russian President Putin met
The above content is about "[XM Foreign Exchange Official Website]: The US dollar index rebounds, and "bad news" vejck.cnes from US inflation data!", which is carefully vejck.cnpiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
Spring, summer, autumn and winter, every season is a beautiful scenery, and it stays in my heart forever. Leave~~~