MARKET COMMENTARY
Market Wrap: Stocks, Bonds, Commodities
On Tuesday, the U.S. stock market was closed for Independence Day.
Meanwhile, the U.S. Federal Reserve will release its latest FOMC meeting minutes later today, while factory orders are estimated to be up 1.5% on month in May.
European stocks were broadly lower. The Dax 40 fell 0.26% and the Cac 40 dropped 0.23% and the FTSE 100 was down 0.10%.
WTI Crude Future rose $1.4 to $71.23.
Spot gold was up $4 to $1,925.
Market Wrap: Forex
The U.S. dollar index was relatively stable at 103.00 amid thin holiday trading.
EUR/USD dropped 17 pips to 1.0895. Germany's trade surplus totaled 14.4 billion euros in May, compared with 19.1 billion euros expected.
GBP/USD rose 27 pips to 1.2720.
USD/JPY lost 16 pips to 144.52 and USD/CHF fell 1 pip to 0.8962.
AUD/USD gained 23 pips to 0.6696. The Reserve Bank of Australia kept its benchmark rate unchanged at 4.10%, while some have expected a rate hike of 25 basis points. The central bank said "some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend upon how the economy and inflation evolve".
USD/CAD dipped 24 pips to 1.3226. Canada's S&P Global Manufacturing purchasing managers index slipped to 48.8 in June from 49.0 in May, above 48.4 estimated.
Bitcoin traded lower to $30,931.
Market Wrap: Stocks, Bonds, Commodities
On Tuesday, the U.S. stock market was closed for Independence Day.
Meanwhile, the U.S. Federal Reserve will release its latest FOMC meeting minutes later today, while factory orders are estimated to be up 1.5% on month in May.
European stocks were broadly lower. The Dax 40 fell 0.26% and the Cac 40 dropped 0.23% and the FTSE 100 was down 0.10%.
WTI Crude Future rose $1.4 to $71.23.
Spot gold was up $4 to $1,925.
Market Wrap: Forex
The U.S. dollar index was relatively stable at 103.00 amid thin holiday trading.
EUR/USD dropped 17 pips to 1.0895. Germany's trade surplus totaled 14.4 billion euros in May, compared with 19.1 billion euros expected.
GBP/USD rose 27 pips to 1.2720.
USD/JPY lost 16 pips to 144.52 and USD/CHF fell 1 pip to 0.8962.
AUD/USD gained 23 pips to 0.6696. The Reserve Bank of Australia kept its benchmark rate unchanged at 4.10%, while some have expected a rate hike of 25 basis points. The central bank said "some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend upon how the economy and inflation evolve".
USD/CAD dipped 24 pips to 1.3226. Canada's S&P Global Manufacturing purchasing managers index slipped to 48.8 in June from 49.0 in May, above 48.4 estimated.
Bitcoin traded lower to $30,931.