Thursday 18th July: Pound buoyed by 1.24 ahead of retail sales data.

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Key risk events today: UK Retail Sales m/m; BoE Credit Conditions Survey; G7 Meetings; Philly Fed Manufacturing Index; FOMC Member Williams Speaks. EUR/USD: The dollar recoiled Wednesday after achieving strong gains on Tuesday following better-than-expected monthly retail sales data. Europe’s single currency, on the other hand, challenged H4 support between 1.12/1.1211 (comprised of the 1.12 … Continue reading Thursday 18th July: Pound buoyed by 1.24 ahead of retail sales data.

Wednesday 17th July: Asian markets subtly lower on renewed trade concerns

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 Global Markets: Asian Stock Markets : Nikkei down 0.31%, Shanghai Composite down 0.25%, Hang Seng down 0.35%, ASX up 0.49% Commodities : Gold at $1405.70 (-0.39%), Silver at $15.66 (-0.10%), Brent Oil at $64.62 (+0.42%), WTI Oil at $57.74 (+0.21%) Rates : US 10-year yield at 2.097, UK 10-year yield at 0.809, Germany 10-year yield … Continue reading Wednesday 17th July: Asian markets subtly lower on renewed trade concerns

Wednesday 17th July: Dollar index reclaims 97.00 to the upside; eyeing a possible run to weekly resistance at 97.72.

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Key risk events today: UK CPI y/y; UK PPI Input m/m; Canadian CPI m/m, Common CPI y/y, Manufacturing Sales m/m, Median CPI y/y and Trimmed CPI y/y; US Building Permits. EUR/USD: A weaker-than-expected German ZEW survey coupled with upbeat US retail sales kept the euro on the losing side of the table vs. the dollar … Continue reading Wednesday 17th July: Dollar index reclaims 97.00 to the upside; eyeing a possible run to weekly resistance at 97.72.

Tuesday 16th July: Asian markets mixed on Tuesday: RBA meeting and Sino-US trade front in focus

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Global Markets: Asian Stock Markets : Nikkei down 0.72%, Shanghai Composite down 0.34%, Hang Seng up 0.20%, ASX down 0.12% Commodities: Gold at $1416.35 (+0.20%), Silver at $15.40 (+0.24%), Brent Oil at $66.60 (+0.18%), WTI Oil at $59.60 (+0.03%) Rates : US 10-year yield at 2.092, UK 10-year yield at 0.803, Germany 10-year yield at … Continue reading Tuesday 16th July: Asian markets mixed on Tuesday: RBA meeting and Sino-US trade front in focus

Tuesday 16th July: Focus shifts to the UK jobs report and US monthly retail sales figures.

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Key risk events today: UK Average Earnings Index 3m/y; UK Claimant Count Change; UK Unemployment Rate; German ZEW Economic Sentiment; FOMC Member Bowman Speaks; US Core Retail Sales m/m; US Retail Sales m/m; Fed Chair Powell Speaks; FOMC Member Evans Speaks. EUR/USD: The euro concluded modestly weaker Monday, down 0.11% vs. the US dollar. H4 … Continue reading Tuesday 16th July: Focus shifts to the UK jobs report and US monthly retail sales figures.