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 Group]: The US dollar hovers below the 98 mark, and Trump's 30% tariff stick hits the EU and Mexico!". Hope it will be helpful to you! The original content is as follows:
On July 14, early trading in the Asian market on Monday, Beijing time, the US dollar index hovered around 97.82. Last Friday, the US dollar index fluctuated in range, always hovering below the 98 mark, and finally closed up 0.307% to 97.85, with a cumulative increase of nearly 1% throughout the week, leaving the three-year low. The yield on the U.S. Treasury rose sharply, with the benchmark 10-year U.S. Treasury yield closing at 4.412%, and the 2-year U.S. Treasury yield closing at 3.91%. As risk aversion sentiment heated up after Trump announced more tariff letters, spot gold rose for the third consecutive day, hitting its highest level since June 24 during the session, and finally closed up 0.99% to close at $3,355.91/ounce; spot silver rose more significantly, eventually closing up 3.56% to $38.38/ounce, a new high since September 2011. As the oil market focus shifts to potential U.S. sanctions on Russia, the two oils rose intraday. WTI crude oil station rose 2.55% to $67.59 per barrel; Brent crude oil closed up 2.53% to $70.04 per barrel.
Dollar Index: As of press time, the US dollar index hovers around 97.82. Entering July, the US dollar index rebounded from its year-on-year low of 96.37 (July 1) to around 98.00, ending its two consecutive weeks of decline. The US Treasury yields remained at a high range, and the stable performance of economic data such as non-farm employment in June provided support for the US dollar. According to data from the U.S. Department of Labor, non-farm employment added 206,000 new jobs in June, slightly exceeding market expectations, and the unemployment rate remained at 4.1%, indicating that the US economy is still resilient.live. Technically, the most recent important resistance level of the US dollar index is in the range of 98.00–98.20. If the U.S. dollar index climbs above the 98.20 level, it will move towards the next resistance level of 99.20–99.40.
On the Asian session on Monday, gold hovered around 3372.5. Trump announced last weekend that he would impose a 30% tariff on goods imported from the EU from August 1, further raising market concerns about international trade and providing momentum for gold prices. After a calm week after Independence Day, the market will resume a more conventional pace of economic data this week. The June CPI report and New York manufacturing survey will be released Tuesday, followed by June PPI data released on Wednesday. Traders will focus on June retail sales reports, Philadelphia Fed manufacturing survey and weekly unemployment benefits filing data on Thursday. Housing starts in June and University of Michigan consumption will be released Friday morningpreliminary investigation of the confidence of the person. It is worth mentioning that US President Trump plans to issue a "major statement" on the Russian issue on Monday, and investors also need to pay attention. In addition, the market is concerned about the speeches of several Fed officials, the Fed's Beige Book; speeches by the Bank of England governor and Treasury Secretary, and a two-day meeting of G20 Treasury Secretary and Central Bank governors that began on Thursday (July 17-18).
On Tuesday, crude oil trading around 67.34. After a calm week after Independence Day, the market will resume a more conventional pace of economic data this week. The June CPI report and New York manufacturing survey will be released Tuesday, followed by June PPI data released on Wednesday. Traders will focus on June retail sales reports, Philadelphia Fed manufacturing survey and weekly unemployment benefits filing data on Thursday. June housing starts and a preliminary survey of consumer confidence at the University of Michigan will be released Friday morning. It is worth mentioning that US President Trump plans to issue a "major statement" on the Russian issue on Monday, and investors also need to pay attention. In addition, the market is concerned about the speeches of several Fed officials, the Fed's Beige Book; speeches by the Bank of England governor and Treasury Secretary, and a two-day meeting of G20 Treasury Secretary and Central Bank governors that began on Thursday (July 17-18).
① To be determined Trump issued a statement on the Russian issue
② To be determined China's June trade account
③15:00 State www.centrdom.information Office held a press conference
④20:30 Canada's May wholesale sales monthly rate
The above content is about "[XM Group]: The US dollar hovers below the 98 mark, and Trump's 30% tariff stick hits the EU and Mexico!", which was carefully www.centrdom.infopiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transaction! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues: