MNI China Daily Summary: Tuesday, July 16

MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

CHINA PBOC CONDUCTS CNY676 BILLION VIA 7-DAY REVERSE REPOS TUE

CHINA SETS YUAN CENTRAL PARITY AT 7.1328 TUE VS 7.1313

Inflation and Labour Market Preview

TLFS update on Thursday

MNI: GERMANY JUL ZEW CURRENT CONDITIONS -68.9

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Oil Slides After Iran Deal Appears Closer

COMMODITIES
  • Crude oil prices are ending the session down on the day after sliding late in the session, potentially on Iran’s top nuclear negotiator saying the JCPOA participants are closer than to an agreement.
  • There had been steady gains earlier, with relatively little reaction to a surprising build in US crude inventories earlier.
  • WTI is -0.8% at $91.4 but still sits above the key short-term support of $88.41 (Feb 9 low) whilst resistance is $95.82 (Feb 14 high).
  • Brent is -0.1% at $92.58, sitting above support at $89.93 (Feb 8 low) with resistance yesterday’s high of $96.78.
  • Gold meanwhile has bounced, +1% at $1872.1 as bullish conditions remain and it next eyes $1881.6 (1.00 proj of Dec 15 – Jan 25-28 price swing).

Energy BulletsCommodities
Energy BulletsCommodities

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