Dollar lower, NYMEX crude oil closed sharply higher on Monday

Japan's economy minister said japan's economy has reached a suitable level of the yen exchange rate, further depreciation of the willingness to decline, crude oil prices under pressureBut then the dollar weakened sharply, along with the Fed's view of Evans' easing and the Japanese government's first economic assessment in two months, and crude oil prices rebounded sharply and closed higherNYMEX June crude futures rose $0.69, or 0.72 percent, to $96.71 a barrelaFS
Monday (May 20) trend description:aFSJapan's economy minister has expressed within days that the yen exchange rate has reached a suitable level, further depreciation will decline, crude oil prices under pressureBut then the dollar weakened sharply, along with the Fed's view of Evans' easing and the Japanese government's first economic assessment in two months, and crude oil prices rebounded sharply and closed higheraFS
The daily K-line chart shows that NYMEX crude oil futures closed at a small yang line with a lower shadowCrude oil prices continued to fall steadily in Asia and EuropeIn the U.S., crude oil prices rebounded sharply and then closed higheraFS
NYMEX June crude futures hit a high of $97.11 a barrel, hitting a low of $95.23 a barrel, up $0.69, or 0.72 percent, at $96.71 a barrelaFS
Fundamentals:aFS 1 Charles Evans, chairman of the Chicago Fed, said on Monday that the Fed's monetary policy was at an appropriate level U.S economic growth reached a "recession-avoidance rate" in 2014 "The labour market is doing well and we need more time to get the economy back on the job," he said As long as inflation falls below 2%, it will remain accommodative, even if the unemployment rate falls below 6.5% and the Fed may still be able to keep interest rates low He also said that if fiscal policy were not for the drag on the U.S economy, the U.S economy would grow close to 3.5 percent this year aFS
Italy recorded its first month-on-month increase in industrial output in five months after the March quarter, according to data released on Monday by the Italian statistics office Italy's monthly rate of industrial orders rose 1.6 percent in March after the quarter-end adjustment, the data showed Among them, the monthly rate of foreign trade orders increased by 3.6% in March, while domestic orders increased by 0.2% aFS
Japan's leading indicator rose 0.5 percent to 97.9 in March, while the initial reading fell 0.1 percent to 97.6, according to data released Monday by the Cabinet Office aFS
The Japanese government raised its economic assessment in its May economic report on Monday for the first time in two months, indicating that economic growth is accelerating as exports and manufacturing output rise aFS
Fundamentals: aFS 1 It's unclear whether the Federal Reserve's easing has boosted stocks and helped the rich, while it will be enough to benefit the broader U.S economy, richard Fisher said On Monday Mr Fischer also said there were no signs of widespread deflation in the US and that the last meeting would call for a reduction in the size of its debt purchases if it had the right to vote aFS
The Chicago Fed's National Activity Index for April hit its lowest level in nearly four months, according to data released Monday The Chicago Fed's national activity index for April was -0.53, up from -0.23 in March, the data showed aFS
Japan's economy and finance minister, Akira Amari, said on Monday that the core consumer price index (CPI), which excludes food and energy, showed signs of a rise, driven by aggressive monetary easing by the Bank of Japan aFS
Technical surface pattern analysis: aFS -day K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow line Oil prices are below the 5-average, the MACD indicator is down, and the KDJ indicator is down aFS
Future Outlook: Jason Schenker, economist at AFS Prestige Economics, said: "The implications of any policy change in Bernanke's testimony will have a significant impact on the stock market, interest rates, foreign exchange rates and commodity markets Policies that keep QE in place, extendQE or expand QE will boost the stock and commodity markets "
aFS Japan's economy minister has expressed within days that the yen has reached a suitable level, further depreciation will decline, crude oil prices under pressure But then the dollar weakened sharply, along with the Fed's view of Evans' easing and the Japanese government's first economic assessment in two months, and crude oil prices rebounded sharply and closed higher NYMEX June crude futures rose $0.69, or 0.72 percent, to $96.71 a barrel aFS
Monday (May 20) trend description: aFS Japan's economy minister has expressed within days that the yen exchange rate has reached a suitable level, further depreciation will decline, crude oil prices under pressure But then the dollar weakened sharply, along with the Fed's view of Evans' easing and the Japanese government's first economic assessment in two months, and crude oil prices rebounded sharply and closed higher aFS
The daily K-line chart shows that NYMEX crude oil futures closed at a small yang line with a lower shadow Crude oil prices continued to fall steadily in Asia and Europe In the U.S., crude oil prices rebounded sharply and then closed higher aFS
NYMEX June crude futures hit a high of $97.11 a barrel, hitting a low of $95.23 a barrel, up $0.69, or 0.72 percent, at $96.71 a barrel aFS
Fundamentals: aFS 1 Charles Evans, chairman of the Chicago Fed, said on Monday that the Fed's monetary policy was at an appropriate level U.S economic growth reached a "recession-avoidance rate" in 2014 "The labour market is doing well and we need more time to get the economy back on the job," he said As long as inflation falls below 2%, it will remain accommodative, even if the unemployment rate falls below 6.5% and the Fed may still be able to keep interest rates low He also said that if fiscal policy were not for the drag on the U.S economy, the U.S economy would grow close to 3.5 percent this year aFS
Italy recorded its first month-on-month increase in industrial output in five months after the March quarter, according to data released on Monday by the Italian statistics office Italy's monthly rate of industrial orders rose 1.6 percent in March after the quarter-end adjustment, the data showed Among them, the monthly rate of foreign trade orders increased by 3.6% in March, while domestic orders increased by 0.2% aFS
Japan's leading indicator rose 0.5 percent to 97.9 in March, while the initial reading fell 0.1 percent to 97.6, according to data released Monday by the Cabinet Office aFS
The Japanese government raised its economic assessment in its May economic report on Monday for the first time in two months, indicating that economic growth is accelerating as exports and manufacturing output rise aFS
Fundamentals: aFS 1 It's unclear whether the Federal Reserve's easing has boosted stocks and helped the rich, while it will be enough to benefit the broader U.S economy, richard Fisher said On Monday Mr Fischer also said there were no signs of widespread deflation in the US and that the last meeting would call for a reduction in the size of its debt purchases if it had the right to vote aFS
The Chicago Fed's National Activity Index for April hit its lowest level in nearly four months, according to data released Monday The Chicago Fed's national activity index for April was -0.53, up from -0.23 in March, the data showed aFS
Japan's economy and finance minister, Akira Amari, said on Monday that the core consumer price index (CPI), which excludes food and energy, showed signs of a rise, driven by aggressive monetary easing by the Bank of Japan aFS
Technical surface pattern analysis: aFS -day K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow line Oil prices are below the 5-average, the MACD indicator is down, and the KDJ indicator is down aFS
Future Outlook: Jason Schenker, economist at AFS Prestige Economics, said: "The implications of any policy change in Bernanke's testimony will have a significant impact on the stock market, interest rates, foreign exchange rates and commodity markets Policies that keep QE in place, extendQE or expand QE will boost the stock and commodity markets "
aFS