Daily Summary for Monday – the 15th of July

On Monday, the Empire State Manufacturing index raised up to 4.3, much better than the previous value of -8.6. And this unexpected rise indicates that the US economic condition is healthy, many businesses are active and positively stimulate the market. The oil price benefited from this and WTI once rose to $60.84, but due to an easing political tension between Middle East and a slowdown in demand for crude oil, oil price ended up with falling by 1.59%, below $60. 

Chinese quarterly GDP was 6.2%, 0.2% lower than the first quarter, and it was growing at a lowest rate. Other data including yearly industrial production and retail sales were both better than expectation, and these positive results make AUDUSD and NZDUSD extend the rebound to an increase of .36% and .45% respectively

The upcoming big events are: British Average Earnings index, BO Gov Carney Speaks, the US monthly retail sales.

Daily movement