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Dollar edges up ahead of U.S. inflation data

13.07.2022

Market Review


Commodities market

Oil edged up today, but the inflation data put a lid on crude growth, as it can weaken the market. Brent crude futures were up 0.5%, and WTI crude gained 0.5% too.

Key tickers:

Brent: 100.51 — neutral.

WTI: 96.83 — neutral.

NG: 6.321 — strong buy.

Foreign exchange market

The U.S. dollar edged higher today while the euro stayed close to parity ahead of the release of key U.S. inflation data. The DXY index was 0.1% higher today.

Key tickers:

EUR/USD: 1.0036 — sell.

USD/JPY: 137.29 — strong buy.

USD/CAD: 1.3012 — sell.

GBP/USD: 1.1925 — strong buy.

Metals

Gold inched higher today by 0.06%, while the dollar, which normally moves inversely to gold, rose ahead of U.S. inflation data.

Key tickers:

XAU/USD: 1725.74 — strong sell.

XAG/USD: 19.020 — buy.

XPT/USD: 849.12 — neutral.

XPD/USD: 2035.45 — strong sell.

Crypto market

BTC consolidated near the 19,500 level after falling 2% today and 3% this week. All major altcoins trade in red as well. For example, Ethereum is trading below the 1,070 support.

Key tickers:

BTC: $19,506.1 — sell.

ETH: $1,058.57 — buy.

Neo: $8.1700 — strong sell.

Zcash: $52.90 — strong sell.

Stock market

Asian stocks rose slightly today with Japan’s Nikkei 225 up 0.37% and the MSCI’s broadest index of Asia-Pacific outside Japan up 0.66%.

Key tickers:

-    indexes

S&P 500: 3,818.80 — strong sell.

Nasdaq 100 (NDX): 11,744.99 — strong sell.

Dow Jones Futures: 31,012.0 — strong sell.

DAX: 12,777.72 — strong sell.

-    Shares    

Apple #APPLE: 145.86 — neutral.

Amazon #AMAZON: 109.22 — strong sell.

Tesla #TESLA: 699.21 — strong sell.

Meta Platforms Inc #FACEBOOK: 163.27 — strong sell.

Author: GC
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