Money Flows - top events to watch for today

There was a time when all the US Treasury secretaries were allowed to say about the US dollar that a strong dollar was in the country's interest. They were afraid something else would overturn the markets.

That seems too cautious, given that now that the president has called for a weaker dollar in the US and stocks, commodities and even currencies remain unresponsive.

President Donald Trump said the euro and the "other currencies" were impaired, putting the United States at a disadvantage and putting a new blow on the country's central bank and its "ridiculous" monetary policy.

But the US dollar index was only slightly down, down by 0.06%.

The best bet for excitement today comes from the oil market. Oil is also traded unchanged for the moment, with traders expecting another US stock report, and how this will affect the prices of black gold.

This report has been shocked by traders lately, rising sharply when everyone is expecting a decline as the summer season strengthens demand. And with US production at record high levels, this surplus keeps the price under control.

Here are the more important things we will be watching on today's markets.

1. Another round of the war

It is likely that the US markets will continue to move and become entwined by current trade commentary from both Washington and Beijing as the G20 summit approaches.

The two nations have stepped up on Tuesday, with China's foreign ministry warning that it will react hard if the US insists on escalating its opposition to China.

Meanwhile, US President Donald Trump continues to claim that the United States has an advantage in a trade war.

"I'm the one who holds the deal," says Trump. "And we will either make a big deal with China, or we will not make a deal."

2. Do Consumer Inflation data cemt the decline in interest rates in July?

Market participants will be interested in inflation data today at 3:30 pm for further rhetoric signals that the pressure from depressed prices will cause the Fed to lower interest rates next month. Over 84% of traders rely on such developments. Economists predict that overall CPI inflation slowed in May by 0.1 percent from 0.3 percent in the previous period, while core CPI excluding food energy prices rose to 0.2 percent from 0.1 % last month.

This will mean that CPI growth will fall to 1.9% on an annual basis, down from 2.1%.

3. Increased attention to oil stocks at 17:30

Energy Information Administration (EIA) will publish the stock report today, much worried about a new unexpected increase in inventory. Black Gold prices climbed 1 cent to $ 53.27 a barrel.

Prior to the report, the American Petroleum Institute posted a report - which, although not in perfect correlation with the EIA today, showed an increase in stocks of 4,852 million barrels last week.

The US weekly production, which hit a record 12.5 million barrels a day, will also attract attention after the EIA lowered its domestic outlook.

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