Forex Today: Market focus shifts away from trade to US CPI inflation data

출처 Fxstreet

Here is what you need to know on Tuesday, July 15:

Markets are in a cautiously optimistic mood in the early European trading hours on Tuesday, weighing US President Donald Trump’s latest tariff threats and criticism of Federal Reserve (Fed) Chairman Jerome Powell against upbeat China’s second-quarter Gross Domestic Product (GDP) data.

Trump threatened to impose severe tariffs on Russia if President Vladimir Putin does not agree to a peace deal with Ukraine in 50 days.  

In a BBC interview this Tuesday, Trump said that “I'm disappointed in him (Putin) but I'm not done with him.”

Meanwhile, late Monday, the US President slammed Powell once again, noting that “interest rates should be at 1% or lower, rather than the 4.25% to 4.50% range the Fed has kept the key rate at so far this year.”

On the data front, China’s economy expanded by 5.2% in the second quarter, beating the estimates of a 5.1% growth, albeit a slowdown from the 5.4% increase reported in the first quarter.

The nation’s annual Retail Sales disappointed with 4.8% in June, while the Industrial Production showed a bigger-than-expected increase of 6.8% in the same period.

Investors continue to trade with caution, despite the Chinese optimism, ahead of the all-important US Consumer Price Index (CPI) data for June due for release later in the American session on Tuesday.

The US inflation data holds the key to gauging the scope and timing of the Fed’s interest rate cuts. Therefore, traders resort to taking profits off the table on their US Dollar (USD) long positions, following its recent recovery from nearly four-year troughs.

However, the USD downside appears capped, courtesy of the sustained bullish pressure surrounding the USD/JPY pair.

Japanese government bonds experienced an intense selling wave, with the yields spiking to multi-year highs on looming fiscal concerns amid an uncertain political scenario. The domestic bond market turmoil continues to undermine the Japanese Yen (JPY).

Citing a story from Asahi newspaper, Reuters reported that “Japan's ruling coalition will likely lose its majority in the upper house election on July 20, heightening the risk of political instability at a time the country struggles to strike a trade deal with the US.”

EUR/USD is recovering toward 1.1700, helped by a subdued USD performance against its major peers, while anticipating fresh cues on the trade talks between the European Union (EU) and the United States (US). The mid-tier German ZEW Survey and the Eurozone Industrial Production data are also in focus.

A Wall Street Journal (WSJ) report cited in early Asia on Tuesday that the EU is preparing tariffs on US goods, including aircraft, alcohol, coffee, and medical devices worth 72 billion euros ($84 billion) in case no trade deal is reached by August 1.

GBP/USD is grinding higher toward 1.3450 as improved risk appetite helps the higher-yielding Pound Sterling.

Antipodeans are finding some comfort from China’s economic resilience, though AUD/USD is rangebound at around 0.6550. The NZD/USD pair is approaching the 0.6000 round level, moderately higher on the day.

USD/CAD remains confined in a narrow range around 1.3700 amid the renewed weakness in Oil price and the Greenback. Traders await the Canadian and US inflation data for a clear directional impetus.

WTI extends the previous sell-off to trade near weekly lows below $65.50, shrugging off US-Russia geopolitical and trade tensions.

Gold rebounds firmly to retest the key 23.6% Fibonacci Retracement level of the April record rally at $3,377. The daily technical setup remains in favor of buyers.

US Dollar PRICE This week

The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.10% 0.41% 0.34% -0.02% 0.20% 0.34% -0.16%
EUR 0.10% 0.48% 0.43% 0.06% 0.28% 0.40% -0.07%
GBP -0.41% -0.48% -0.10% -0.42% -0.20% -0.09% -0.42%
JPY -0.34% -0.43% 0.10% -0.24% -0.14% 0.02% -0.45%
CAD 0.02% -0.06% 0.42% 0.24% 0.21% 0.33% -0.14%
AUD -0.20% -0.28% 0.20% 0.14% -0.21% 0.09% -0.35%
NZD -0.34% -0.40% 0.09% -0.02% -0.33% -0.09% -0.47%
CHF 0.16% 0.07% 0.42% 0.45% 0.14% 0.35% 0.47%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
오늘의 급등 코인: 크로노스·뉴머레어·하이퍼리퀴드, 호재 모멘텀에 랠리Cronos(CRO), Numeraire(NMR), Hyperliquid(HYPE)가 수요일 강세 뉴스와 모멘텀에 힘입어 상위 급등 종목으로 부상했다. 특히 트럼프 미디어의 CRO 트레저리 설립 계획 이후 크로노스 가격이 연중 최고치를 경신했다.
저자  FXStreet
8 월 27 일 수요일
Cronos(CRO), Numeraire(NMR), Hyperliquid(HYPE)가 수요일 강세 뉴스와 모멘텀에 힘입어 상위 급등 종목으로 부상했다. 특히 트럼프 미디어의 CRO 트레저리 설립 계획 이후 크로노스 가격이 연중 최고치를 경신했다.
placeholder
비트코인 변동성 하락, 기관 자금 유입 매력↑… JPMorgan “금 대비 저평가”JP모건 애널리스트들은 목요일 노트에서 비트코인(BTC)의 변동성 축소로 금 대비 저평가 상태가 심화되며, 더 많은 기관 자본을 끌어들일 수 있다고 밝혔다.
저자  FXStreet
어제 01: 45
JP모건 애널리스트들은 목요일 노트에서 비트코인(BTC)의 변동성 축소로 금 대비 저평가 상태가 심화되며, 더 많은 기관 자본을 끌어들일 수 있다고 밝혔다.
placeholder
이더리움 가격 전망: ETF 순유입 40억 달러 돌파, 8월 고래 144만 ETH 매집이더리움(ETH)은 최근 며칠간 기관·고래의 꾸준한 매집에도 목요일 4,500달러 부근에서 보합권을 유지했다.
저자  FXStreet
어제 01: 45
이더리움(ETH)은 최근 며칠간 기관·고래의 꾸준한 매집에도 목요일 4,500달러 부근에서 보합권을 유지했다.
placeholder
톱 3 가격 전망: 비트코인·이더리움·리플 – BTC·ETH·XRP, 최근 매도세 후 보합권 유지비트코인(BTC), 이더리움(ETH), 리플(XRP)은 이번 주 각각 약 2%, 7%, 3% 하락 후 금요일 핵심 지지선 부근에서 안정세를 보이고 있다. 주요 지지선에서의 매수 유입은 상단 반등 가능성을 시사하지만, 전체 시장 심리가 취약해 거래자들의 경계감은 여전하다.
저자  FXStreet
어제 05: 45
비트코인(BTC), 이더리움(ETH), 리플(XRP)은 이번 주 각각 약 2%, 7%, 3% 하락 후 금요일 핵심 지지선 부근에서 안정세를 보이고 있다. 주요 지지선에서의 매수 유입은 상단 반등 가능성을 시사하지만, 전체 시장 심리가 취약해 거래자들의 경계감은 여전하다.
placeholder
솔라나, 사상 최대 파생 OI·4억달러 트레저리·USDC 수급 호재에 급등Solana(SOL)는 금요일 심리적 지지선인 200달러 상단에서 회복 랠리를 이어가고 있으며, 사상 최고 수준의 미결제약정(Open Interest) 급증이 강세 심리를 자극하고 있다.
저자  FXStreet
어제 05: 54
Solana(SOL)는 금요일 심리적 지지선인 200달러 상단에서 회복 랠리를 이어가고 있으며, 사상 최고 수준의 미결제약정(Open Interest) 급증이 강세 심리를 자극하고 있다.
goTop
quote