澳洲联储副主席：昨天的CPI数据非常受到欢迎。 ...

Group 1 - The US dollar index traded around 98.47, while spot silver opened at $37.92/oz and traded around $37.87/oz [1] - On July 16, the dollar index fell by 0.35% to close at 98.28, while spot silver rose by 0.52% to close at $37.89/oz [1] - COMEX silver inventory increased by 16.99 tons to 15,464.10 tons on July 16 [2] Group 2 - The market reacted to news of President Trump potentially firing Powell, leading to volatility in US stocks, bonds, and currencies, with gold prices surging [3] - The European Union proposed a nearly €2 trillion seven-year budget, including a €589.6 billion fund for competitiveness, prosperity, and security [3] - The US June PPI year-on-year rate was recorded at 2.3%, below the expected 2.5%, marking the lowest since September 2024 [3] Group 3 - Silver market opened at $37.708, reached a high of $38.079, and then fell to a low of $37.473 before closing at $37.897, forming a spinning top candlestick pattern [4]

Core Insights - The article discusses the recent mild increase in CPI data and its implications for gold trading, highlighting the current market volatility and the uncertainty surrounding potential breakout points for gold prices [1] Group 1 - CPI data has shown a moderate rise, which may influence gold market dynamics [1] - The article raises questions about whether traders should enter the market or adopt a cautious approach during this period of fluctuation [1] - A live session is being conducted by TTPS trading expert to provide insights on the gold market [1]

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report The report presents a comprehensive overview of the futures market, including overnight and spot market conditions, important fundamental information, macro - news, fund flows, etc. It shows the price movements of various commodities such as palm oil, soybeans, and crude oil, and analyzes the impact of factors like weather, export data, and macro - economic indicators on the market [1][5][17]. 3. Summary by Relevant Catalogs Overnight Market Conditions - The closing prices and daily/overnight price changes of various futures contracts are presented, including Malaysian palm oil, Brent crude oil, US crude oil, US soybeans, etc. The price changes of major currency pairs are also provided [1]. Spot Market Conditions - The spot prices, basis, and basis changes of DCE palm oil, DCE soybean oil, and DCE soybean meal in different regions are given [2]. Important Fundamental Information - **Weather**: US soybean - producing states are expected to have higher - than - normal rainfall and higher temperatures from July 20 - 24. Some areas in the US Midwest have received rainfall, and the overall weather conditions are favorable for crops [5][7]. - **Palm Oil**: ITS and AmSpec data show a decline in Malaysian palm oil exports from July 1 - 15. However, UOB Kay Hian analysts believe that exports may increase in July, and production is expected to rise while inventory may remain stable [8][9]. - **Soybeans**: NOPA data shows that US soybean crushing in June was 185.709 million bushels. Anec predicts an increase in Brazil's soybean and soybean meal exports in July. The EU's imports of palm oil, soybeans, soybean meal, and rapeseed have decreased compared to last year [11][12]. - **Shipping**: The Baltic Dry Bulk Freight Index continued to rise, with freight rates for all types of ships increasing [13]. - **Trading Volume and Inventory**: On July 15, the total trading volume of soybean oil and palm oil decreased. The trading volume of soybean meal decreased, and the开机 rate of oil mills increased slightly. The port inventories of imported soybeans and soybean oil increased [14][15]. Macro - economic News - **International**: The probability of the Fed maintaining interest rates in July is 97.4%. US economic data such as CPI, NY Fed Manufacturing Index, etc., are released. OPEC maintains its global crude oil demand growth forecasts. The economic data of the Eurozone shows positive trends [17][18]. - **Domestic**: The RMB depreciated against the US dollar on July 15. The Chinese central bank conducted a net injection of 173.5 billion yuan. China's Q2 GDP growth rate was 5.2%, and other economic indicators such as retail sales and industrial added - value were also released [20]. Fund Flows - On July 15, the futures market had a net inflow of 11.281 billion yuan, with 4.329 billion yuan in commodity futures (including net outflows in agricultural futures and net inflows in chemical, black - series, and metal futures) and 6.952 billion yuan in stock index futures [23]. Arbitrage Tracking No relevant information provided.

Group 1 - The CPI data has fallen short of expectations, indicating potential economic concerns [1] - There is speculation that gold bears may be approaching a significant support level at 3320 [1]

Group 1 - The core viewpoint of the articles indicates a decline in silver prices, with the latest closing price at $37.70 per ounce, down 1.13% from the previous day [1] - As of July 15, the silver ETF holdings decreased to 14,856.02 tons, a reduction of 110.22 tons from the previous day, reflecting a bearish sentiment in the market [2] - The recent CPI data showed a month-on-month increase of 0.3% in June, which is the largest rise since January, leading to slight adjustments in market expectations regarding potential interest rate cuts by the Federal Reserve [2][3] Group 2 - Federal Reserve Chairman Jerome Powell's cautious stance on inflation suggests that the Fed may remain careful regarding interest rate cuts, despite the moderate inflation data [3] - The upcoming PPI data is anticipated to provide further market guidance, with potential implications for interest rate expectations and gold prices [3] - The silver market experienced volatility, opening at $38.16, reaching a high of $38.39, and closing at $37.70, indicating a significant downward movement after an initial rise [4]

Core Insights - The Federal Reserve's Logan indicated that the June CPI data suggests an increase in the PCE inflation rate [1] Group 1 - The June CPI data is a key indicator for predicting future inflation trends [1]

Core Viewpoint - The US dollar experienced fluctuations against the Japanese yen, initially rising but later declining before rebounding again after the release of the US CPI data [1] Currency Movements - The US dollar rose by 0.77% against the Japanese yen, reaching 148.86 yen before the CPI data release [1] - Following the CPI data release, the dollar fell below 147.80 yen but subsequently increased, hitting a high of 149.02 yen [1] - The euro appreciated by 0.23% against the yen, while the British pound increased by 0.44% against the yen [1]

Core Insights - The U.S. Treasury Deputy Secretary Faulkender expressed skepticism regarding the Federal Reserve's stance based on the CPI data, indicating that the index is falling below the Fed's target [1] Group 1 - The CPI index is showing a downward trend, which raises questions about the appropriateness of the Federal Reserve's current position [1]

Group 1 - The core viewpoint is that the recent CPI data raises questions about the correctness of the Federal Reserve's stance [1]