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On March 12, a military summit of more than 30 countries initiated by France was held in Paris, the capital of France, on the afternoon of March 11. The meeting focused on discussing the countries willingness to contribute to Ukraines security once a ceasefire agreement is reached between Ukraine and Russia, especially the formation of a so-called international security force for Ukraine.On March 12, a military summit of more than 30 countries initiated by France was held in Paris, the capital of France, on the afternoon of March 11. The meeting focused on discussing the countries willingness to contribute to Ukraines security once a ceasefire agreement is reached between Ukraine and Russia, especially the formation of a so-called international security force for Ukraine.Germanys DAX30 index closed at 22,327.06 points, down 280.09 points, or 1.24%, on Tuesday, March 11; Britains FTSE 100 index closed at 8,494.98 points, down 105.24 points, or 1.22%; Frances CAC40 index closed at 7,941.91 points, down 105.69 points, or 1.31%, on Tuesday, March 11; The Stoxx 50 index closed at 5,309.95 points on Tuesday, March 11, down 77.03 points, or 1.43%; the Spanish IBEX 35 index closed at 12,872.56 points on Tuesday, March 11, down 197.74 points, or 1.51%; the Italian FTSE MIB index closed at 37,706.00 points on Tuesday, March 11, down 519.82 points, or 1.36%.EIA Short-Term Energy Outlook: Natural gas prices are expected to be $4.19/MMBtu in 2025, compared with $3.79/MMtu previously. Natural gas prices are expected to be $4.47/MMtu in 2026, compared with $4.16/MMtu previously.EIA Short-Term Energy Outlook: Global crude oil demand growth is expected to be 1.39 million barrels per day in 2025, up from 1.3 million barrels per day previously. Global crude oil demand growth is expected to be 1.61 million barrels per day in 2026, up from 1.1 million barrels per day previously.

US DOLLAR FUNDAMENTAL FORECAST: BULLISH

Alice Wang

Jul 18, 2022 15:20

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After a US inflation data boosted expectations for a Federal Reserve rate rise this week, the US dollar increased and reached levels not seen since September 2002. In June, the consumer price index (CPI) increased by 9.1% as compared to the same month a year before, above the consensus estimate of 8.8%. Core inflation, which excludes the cost of gasoline and food, increased more than was predicted.


According to Fed Funds futures, this raised the likelihood of a 100 basis-point rate rise at the July 27 FOMC meeting to above 50%. These wagers decreased over the weekend but were still larger than they were before to the CPI report. Before the FOMC blackout period started on July 16, representatives from the Federal Reserve assisted in lowering such expectations.


According to the CFTC's most recent Commitments of Traders report, traders reduced their long bets on the US dollar for a second consecutive week. Despite the two-week fall, traders' net long positions in the USD have mainly not changed. The reference period for the data concluded on July 12, leaving markets in the dark about post-CPI positioning.