Important News of Foreign Exchange Gold (2017.7.17) Summary: Last Friday, the index closed at a new high, China concept shares strong; The dollar fell to a 10-month low; Us oil closes at two-week high; Digital currencies tumbled for the second time in a week. Foreign exchange market Usd/CAD fell for a third straight week last week as the Bank of Canada took the first tightening action after the Fed, breaking the 1.2700 level to close at 1.2640, its lowest level since late April last year. The euro rose to a near two-month high against the dollar last week on dollar weakness and the potential end of the European Central Bank’s bond buying. The market is now focused on the ECB’s latest rate decision on July 20. Last week, the Australian dollar rose above the 0.78 mark to close at a near 13-month high of 0.7834, helped by improved risk appetite among broader investors and higher commodity prices, particularly for iron ore. Onshore yuan closed at 6.7774 to the dollar, up 28 points from Friday’s close of 6.7802 on July 14. Volume was $22.467 billion, down $6.058 billion from Thursday. Gold market International spot gold ended the week up $15.60, or 1.29 percent, its biggest weekly gain since mid-May, at $1,228.30 an ounce, with a high of $1,222.76 and a low of $1,204.80. Whether gold can bounce back from its previous slump remains to be seen. Crude oil market Oil prices closed higher on Friday and climbed more than 5 percent last week. Oil prices rose for a fifth straight session and posted their biggest weekly gain in two weeks on supply disruptions in Nigeria and an upward revision in demand forecasts, falling U.S. stockpiles and signs of increased demand from China. Stock market The S&P 500 hit a new high Friday, rising 0.47%. The Dow rose 0.39 percent, its third straight day of record closing highs. The Nasdaq rose 0.61%, its second-highest close ever. Last week, the S&P 500 gained 1.4 percent, the Dow 1.05 percent and the Nasdaq 2.6 percent. The FTSE Pan-European Outstanding 300 closed up 0.10 percent, after rising 1.74 percent last week. Germany’s DAX 30 closed down 0.08 percent, France’s CAC 40 closed flat and Britain’s FTSE 100 closed down 0.47 percent. The Shanghai index closed Friday at 3,222.42, up 0.13% on turnover of $174.3 billion. The Shenzhen Component Index closed at 1,0427.79 points, down 0.37 percent on turnover of 211.2 billion yuan. Chinext closed at 1,745.57 points, down 1.87 percent on turnover of 55 billion yuan. For the week, the Shanghai index rose 0.1%; Shenzhen Component Index fell 1.3%; Chinext fell 4.9%, its biggest weekly decline in nearly a year. Today’s trade alert 10:00 China’s Industrial Added Value above Designated size in June (annual rate) China’s second quarter GDP (Q/Q & Y/Y) 17:00 Euro zone final June Consumer Price Index (Y/m)