Economic News Releases
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Dollar steady today after the latest inflation data from the US.
We saw the CPI rise by 0.1% in the month of May as expected by the analysts and 1.8% from a year ago.
CPI (excluding food and energy, YoY) came out at 2.0% and weaker than the 2.1% projected.
Dollar strengthening the most against the Swiss Franc, up by around 0.23% on the day.
USD/CHF – Daily
The Pound was trading higher against all major currencies during most of the European session today, however, it dipped after MP’s rejected the latest attempt to stop no-deal Brexit with a vote in the Parliament.
Today we also saw Boris Johnson, the favorite to become the next Prime Minister officially launch his bid to take over at Downing Street. He held a press conference in London and stated that aim is not a no-deal Brexit but did not fully rule it out as it is a ”vital tool of negotiation”.
We should know who the next Prime Minister is by the end of July.
Cable trading at around 1.26 level, down by 0.21% on the day.
GBP/USD – Daily
Forex Majors Summary
Oil trading lower today for the third consecutive session. US Crude down by 1.91% at $52.01 per barrel. Brent at $61.02 per barrel down by 1.68% towards the of the European session.
Metal commodities trading higher today with Gold up by 0.68% at $1,335.67. Silver at $14.81, up by 0.53%.
USO/USD – Daily
Losses for all of the major global Indices today with FTSE100 falling the most, down by 0.38%.
Over in the US both Dow Jones and S&P500 down by 0.19% and 0.17% respectively.
Global Indices Summary
All of the major digital currencies trading higher today with Litecoin making the most gains again.
World’s fourth largest cryptocurrency up by 8.75% at $139.34 level. Litecoin has been the best performer out of the top 5 cryptocurrencies, gaining by over 30%.
By Klavs Valters
Sources: GO Markets MetaTrader 5, Datawrapper, Tradingview, CoinMarketCap, Bloomberg
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