JPY Gets High Demand Amid Negative Market Environment, And Investors Seen Cautious Ahead Of FOMC Meeting
Share on facebook
Share on google
Share on twitter
Share on telegram
Share on whatsapp

=====
MARKET RECAP
=====

1️⃣ Asian stock markets closed lower, following a decline in Wall Street as investors were cautious ahead of the FOMC meeting.

=====
FOREX RECAP
=====

1️⃣ JPY & CHF surged amid concerns over the resurgence of the Delta variant’s COVID-19 case around the world.

2️⃣ CAD failed to benefit from the oil price recovery as investors worried about the latest COVID-19 spread and its impact on the economy.

3️⃣ GBP remained supported by a hawkish stance from BOE’s policymakers.

=====
COMMODITIES RECAP
=====

1️⃣ Oil prices are approaching $72 a barrel as US crude oil inventories fall above last week’s forecast.

2️⃣ Gold traded around the $1,805 level as investors began to be cautious ahead of this week’s FOMC meeting.

======
Economic Data Focus On Today
======

1️⃣ Australian CPI for Q2 (09:30 Malaysia Time) — Bullish Prediction — In June, consumer inflation expectations rose significantly.

2️⃣ Canadian CPI for June (20:30 Malaysia Time) — Bullish Prediction — The price component of the IVEY PMI has risen.