This is what you need to know to operate today Tuesday, June 17:
Commercial action in the financial markets becomes moderate on Tuesday, since investors remain optimistic about a decala of the conflict between Israel and Iran. Economic feeling data of the Eurozone and Germany will be published in the European Economic Agenda. Later in the day, the US retail and industrial sales data will be closely followed by market participants.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. US dollar was the strongest currency against pound sterling.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | 0.08% | -0.16% | 0.00% | -0.22% | -0.23% | -0.16% | |
| EUR | -0.03% | 0.03% | -0.17% | -0.04% | -0.22% | -0.18% | -0.21% | |
| GBP | -0.08% | -0.03% | -0.25% | -0.07% | -0.27% | -0.27% | -0.23% | |
| JPY | 0.16% | 0.17% | 0.25% | 0.16% | -0.07% | -0.07% | -0.03% | |
| CAD | -0.00% | 0.04% | 0.07% | -0.16% | -0.29% | -0.16% | -0.16% | |
| Aud | 0.22% | 0.22% | 0.27% | 0.07% | 0.29% | 0.02% | 0.01% | |
| NZD | 0.23% | 0.18% | 0.27% | 0.07% | 0.16% | -0.02% | -0.01% | |
| CHF | 0.16% | 0.21% | 0.23% | 0.03% | 0.16% | -0.01% | 0.01% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
The Wall Street Journal reported on Monday that Iran was looking to put an end to hostilities with Israel and resume conversations about its nuclear program. Later in the day, the G7 leaders attended a summit in Canada and issued a joint statement asking for a “unwinding” in Iran on Monday. The G7 statement said members have been consistently clear in which Iran can never have a nuclear weapon. Meanwhile, the US president, Donald Trump, left the early summit and traveled back to Washington. Although there were speculation that Trump returned to work in a high -fire agreement between Israel and Iran, he clarified that this was not the case. In Tuesday, a high commander of the Iranian army reported that the attacks against Israel will later intensify in the day.
He US Dollar Index (USD) It remains calm and sustains slightly above 98.00 after finishing the first day of the week practically unchanged. Meanwhile, the futures of the stock market indices of the US are listed slightly down. The Federal Reserve will announce monetary policy decisions on Wednesday.
The Bank of Japan (BOJ) announced on Tuesday that it maintained the stable short-term interest rate objective in the range of 0.4%- 0.5%, as expected widely. In the policy statement, the BOJ said that economic growth will probably be moderated as commercial policies lead to a slowdown in the foreign economy and a decrease in corporate profits. The governor of the Boj, Kazuo Ueda, repeated at the press conference after the meeting that will continue to increase interest rates if prices and the economy move in line with their projections. Meanwhile, Bloomberg reported that US President Donald Trump, and Japanese Prime Minister Shigeru Ihiba failed to reach a commercial agreement outside the G7 summit. Despite these developments, USD/JPY Fluctuate in a narrow channel around 144.50 early on Tuesday.
Crude oil prices They fell dramatically and the barrel of West Texas Intermediate (WTI) lost about 4% on Monday. In Tuesday, the WTI rises almost 2% in the day, quoting slightly above $ 71.
The gold He lost more than 1% on Monday and broke a three -day gains streak. In the European session, the Xau/USD remains flat below $ 3,400.
GBP/USD It extends its lateral movement above 1,3550 after closing little changed on Monday. The National Office of Statistics of the United Kingdom (ONS) will publish the inflation data of May on Wednesday. On Thursday, the Bank of England (BOE) will announce monetary policy decisions.
EUR/USD The first day of negotiation of the week ended up. The pair remains in a consolidation phase early on Tuesday and moves up and down in a narrow range above 1,1550.
FAQS risk feeling
In the world of financial jargon, the two terms “appetite for risk (Risk-on)” and “risk aversion (risk-off)” refers to the level of risk that investors are willing to support during the reference period. In a “Risk-on” market, investors are optimistic about the future and are more willing to buy risk assets. In a “Risk-Off” market, investors begin to “go to the safe” because they are concerned about the future and, therefore, buy less risky assets that are more certain of providing profitability, even if it is relatively modest.
Normally, during periods of “appetite for risk”, stock markets rise, and most raw materials – except gold – are also revalued, since they benefit from positive growth prospects. The currencies of countries that are large exporters of raw materials are strengthened due to the increase in demand, and cryptocurrencies rise. In a market of “risk aversion”, the bonds go up -especially the main bonds of the state -, the gold shines and the refuge currencies such as the Japanese yen, the Swiss Franco and the US dollar benefit.
The Australian dollar (Aud), the Canadian dollar (CAD), the New Zealand dollar (NZD) and the minor currencies, such as the ruble (Rub) and the South African Rand (Tsar), tend to rise in the markets in which there is “appetite for risk.” This is because the economies of these currencies depend largely on exports of raw materials for their growth, and these tend to rise in price during periods of “appetite for risk.” This is because investors foresee a greater demand for raw materials in the future due to the increase in economic activity.
The main currencies that tend to rise during the periods of “risk aversion” are the US dollar (USD), the Japanese yen (JPY) and the Swiss Franco (CHF). The dollar, because it is the world reserve currency and because in times of crisis investors buy American public debt, which is considered safe because it is unlikely that the world’s largest economy between in suspension of payments. The Yen, for the increase in the demand for Japanese state bonds, since a great proportion is in the hands of national investors who probably do not get rid of them, not even in a crisis. The Swiss Franco, because the strict Swiss bank legislation offers investors greater protection of capital.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
