【Market Morning】American inflation data up. Gold rises 25 USD and Oil price shows V shape trend.

Gold price rose slightly

According to the data released in the United States, the increase in consumer price index (CPI) increased higher than expected, but alleviated concerns about the US Fed reduced monetary support measures, the price of gold rose slightly.

Spot gold closed on $ 1898.25 / oz, rising $ 9.67 or 0.51%, and the disk has once again touched the lowest level of $ 1869.73 / oz from June 4, but then quickly rebounded and refreshed on the top of $ 1899.82 / oz.

Comex August gold futures rose nearly 0.1%, rising secondly trading day, report $ 1896.40 / oz.

OANDA Senior Market Analyst Edward Moya said, "The key conclusion from inflation data is that the market is firmly convinced that the Fed will not change the position in the short term, and the QE strategy for gold will still exist."

Moya said that gold prices still face some pricing stress, but the final "out of control" inflation may cause the Fed to tighten the policy of policy, and it is unlikely to support the price.

Oil price falls

Crude oil prices have fallen from many years. US Energy Agency (EIA) data shows that although the US summer is coming from the season, but fuel demand is not satisfactory, inventory has increased significantly.

US WTI crude oil futures price fell 56 US fairy or 0.8%, reported $ 69.40 / barrel.

Brent crude oil futures prices fell 62 US fairy or 0.86%, reported $ 71.60 / barrel.

Natural gas prices rose 0.03%, reported $ 3.155.

ASP Bank (ANZ) said in a report, "Due to the United States into the peak of self-driving tour, the market is optimistic about demand. The number of vaccination and traffic flow increases will also boost fuel demand. However, this time this time IMA The data published by the Department shows that recovery is not flat. "

USD is short-lived

Even if the US inflation rate creates the biggest increase since August 2008, the US dollar has not soared. Under normal circumstances, the consumer price index (CPI) will rise a sharp rise in the US dollar, but the US dollar against most major currencies will receive low after a short increase.

Under the promotion of the CPI, the US dollar / yen jumped to 109.80, but it turned down at the end of the New York trading period.

The Euro - Central Bank of the European Central Bank makes the euro trader disappoints. The European Central Bank has raised inflation and growth forecasts in 2021 and 2022, but avoids discussing the scale of the reduction. After the European Central Bank meeting, the euro leaned against all major currencies.

The focus of Friday will turn to the pound, and the UK will release industrial production and trade data. Pound is one of the best currencies on Thursday, rising to the euro and dollar, because the sharp rise in manufacturing PMI shows more powerful intellectual property rights and trade.

The Australian dollar and the New Yugi rose. The Australian dollar is more powerful and new housing sales support. Because New Zealand will release manufacturing PMI reports.

Three major stock index rises

The US spending price index (CPI) has risen by 5% year from the year, which has been high since August 2008; the core CPI rose 3.8% year-on-year. It has been high in 1992 and the two data is higher than the market expectation. In the case of a high inflation pressure, investors pay attention to the Fed to adjust the attitude of the monetary policy.

The Tao fingers rose 18.63 points, increased by 0.05%, reported 34465.77 points, ending the decline in the previous three consecutive trading days; after the top of a month, the S & P 500 index rose 19.87 points, increased by 0.47%, receiving a record 4239.42 points. The disk in the dish touches 4249.74 points, the record is high; the NG has increased by 108.58 points, the increase of 0.78%, and reported 14020.33 points.