JPY Gets High Demand Amid Negative Market Environment, And Investors Seen Cautious Ahead Of FOMC Meeting
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MARKET RECAP
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1️⃣ Asian stock markets closed lower, following a decline in Wall Street as investors were cautious ahead of the FOMC meeting.

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FOREX RECAP
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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.

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COMMODITIES RECAP
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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.

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Economic Data Focus On Today
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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.