Impact of international crude oil prices - market trend analysis

International crude oil prices The Federal Reserve will release the minutes of the Federal Reserve Monetary Policy Committee () monetary policy meeting held on March 1 in the early morning of Thursday (July 2) Beijing time. The reasons for yesterday's plunge in international crude oil prices were firstly the chaos in Greece, secondly the Iranian issue and the growing number of U.S. drilling rigs. The output of major oil-producing countries has been increased to the maximum production capacity. In addition, there are also Chinese factors, and the agency has lowered the price. Oil price expectations, etc., so the decline in oil prices is unstoppable, and trading with the trend is king. Silver is boosted by risk aversion factors and will not fall below the low for the year for the time being, but US data will still provide direction for the market outlook.
rrr chief economist pointed out that the Federal Reserve minutes are expected to have optimistic expectations for inflation to return to the % target, because oil prices are more balanced and the dollar is stable. Temporary factors that lead to low inflation in international crude oil prices: crude oil prices and the US dollar, appear to have improved, pointing out that the Federal Reserve is more confident that inflation will return to %, and wages have also increased slightly.
rr, an interest rate sales strategist at Société Générale in New York, pointed out that the Federal Reserve’s assessment of the economy is expected to be more optimistic. Economic data in the second quarter have improved, and economic indicators have further improved since the last meeting. International crude oil prices have We have encountered both tailwinds and headwinds since the last minutes were released, and r pointed out that they are expected to remain optimistic about consumer spending due to strong consumer spending. The minutes of the last meeting were released on March 1.
United States A report released by the Department of Commerce on March 1 showed that personal spending increased by .% in March, the fastest growth rate since the beginning of the year. This will boost the performance of the second quarter economy. The U.S. economy shrank by .% in the first three months of this year. Any concerns about the reduction or Comments on halting the withdrawal of funds from maturing securities on the balance sheet will shed further light on comments by Fed Chair Janet Yellen, on which the committee has yet to make a further decision.
International crude oil prices The Fed must decide whether $100 million will mature next year Treasury securities to reinvest funds or shrink their balance sheets by allowing debt to mature. Noted that discussions of normalizing monetary policy are likely to appear in staff briefings.