Daily Summary for Tuesday – the 16th of July

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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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