CWG Markets: U.S. bond yields rise, gold falls, oi

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CWG experts internal reference September 14, 2021 (Tuesday):The data and news announced the day before yesterday:The Democrats in the U.S. House of Representatives announced a tax increase plan, but the tax rate ceiling is lower than Biden's request.U.S. consumer inflation expectations hit a record high of 4% in August.OPEC Monthly Report: The demand for OEPC crude oil is expected to be stronger this year and next. The forecast for crude oil demand in 2021 was raised by 980,000 barrels to 100.8 million barrels, and the forecast for non-OPEC crude oil production in 2021 was lowered by 200,000 barrels per day.Bank of France: GDP is expected to grow by 6.3% in 2021, 5.8% in June, 3.7% in 2022, 4.1% previously, 1.9% in 2023, 2.1% previously; recruitment difficulties to the French economy The outlook for recovery is clouded.The U.S. will release CPI data on Tuesday. The New York Fed survey showed that US consumers' medium-term inflation expectations rose to a record high in August.Market volatility:The U.S. dollar index was basically steady in late trading, closing at around 92.61, after earlier rising to around 92.88, the highest since August 27. The U.S. is due to release a slew of economic data this week, starting with Tuesday's consumer price index (CPI), which will provide the latest clues on the heat of inflation ahead of next week's Federal Reserve meeting.The euro fell 0.03% in late trading to close around 1.1811. After triggering a stop loss below 1.1800, the exchange rate fell to the support level of 1.1770; the European Central Bank said last week that it would start to reduce the scale of its emergency bond purchases.Sterling edged lower to around 1.3838, with corporate hedging interest around 1.3840 supporting the exchange rate.The U.S. and Japan rose 0.05% to close around 109.99, after rising 0.2% earlier; corporate buying and mostly weaker Asian currencies brought support.Spot gold rose slightly to close at $1,797.73 an ounce, as key U.S. economic data, including inflation, are due to be released that could determine the direction of the Federal Reserve's monetary policy. Gold futures for December delivery on COMEX closed up 0.1 percent at $1,794.40 an ounce.U.S. oil rose more than 1%, closing above $70 a barrel for the first time in nearly six weeks, as a new storm hit while U.S. Gulf of Mexico oil supplies were still affected by the previous Hurricane Ida. WTI October crude oil futures closed up $0.73, or 1.05%, at $70.45/barrel; Brent November crude oil futures closed up $0.59, or 0.81%, at $70.45/barrel.CWG outlook forecast:On this trading day, there is no important data released during the Asian session; during the European session, the UK unemployment rate in August and the monthly crude oil market report released by the IEA, investors need to pay close attention; during the US session, the US CPI data for August and as of September 10 The API crude oil inventory change data released this week deserves close attention.Institutional analysis: HSBC has long believed that the pound should be lower against the dollar, and these factors help to consolidate this idea. One of the concerns about the pound is how the British economy will hold up once the British government's support ends in the second half of this year. Go down, but the tax increase will deal a more immediate hit to the economy, not least because it will fall more sharply on younger, lower-paid workers who tend to have a higher propensity to spend, which could lead to a The previous growth outlook was weaker; while quantitative easing (QE) may end this year, the big question is when and how quickly the Bank of England's MPC will raise rates, MPC members Saunders and Mann said. Comments suggest that risks are tilted towards a later and slower turnaround than the market is currently anticipating.Specific commodity support pressure level:Economic Calendar:10:45 RBA Chairman Philip Lowe delivers a speech14:00 Unemployment rate in August16:00 IEA publishes monthly crude oil market report20:30 U.S. August CPI dataAt 04:30 the next day, changes in API crude oil inventories in the United States for the week ending September 10CWG Financial Literacy:The U.S. core consumer price index (annual rate) is not seasonally adjusted in August: the U.S. Department of Labor announced that the core consumer price index is to deduct the two most volatile components of food and energy. , natural disasters, and seasonal factors are particularly sensitive. Thus, core CPI provides a more stable reading of inflation, but at the expense of ignoring the impact of the two important commodities mentioned above in the economy. Therefore, if the index is high, it will be good for the dollar, and if the data is lower than expected, it will be bad for the dollar.<a href="https://www.fxeye.vip/dealer/6251
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