[Market Commentary] The United States' annual inflation rate is accelerating
Contribution on Wednesday, July 14, 2021⇒ This article expires on July 16 at 13:00.
■ The biggest concern in traditional financial markets is tapering discussions
■ The biggest concerns in the cryptocurrency industry are regulation and price peaks
While European stock indices were lackluster, U.S. stocks fell. The U.S. 10-year Treasury yield rose to 1.42%, heightening a touch of caution. The U.S. annual inflation rate accelerated from 5.0% in May to 5.4% in June, hitting the highest level since August 2008. Germany's stock index DAX hit a new high and appears set to break upward. The dollar index rose, while the euro and pound declined.
Gold and other precious metals showed limited declines; however, most non-precious metals were lackluster. Oil recovered to the $75 area. Cryptocurrencies showed no triggering news and continued to retreat. In tonight's congressional testimony, questions on CPI may be directed at Fed Chair Jerome Powell, drawing attention to his responses.
【Stocks with Trading Potential】
NYMEX Crude Oil
DAX
【What I want you to know about market commentary】
・Market commentary focusing on professional traders
・Positioning of cryptocurrencies by taking a macroscopic view of the financial markets
The content provided focuses on these two points and consider the following:
This is something you must think about yourself.
① Is the materialtransientor not
② Does the price impactpersistor not
The uniqueness of this content: providing cryptocurrency market commentary from a global market perspective
Uniqueness refers to how this content differs from other market commentary and market news.
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