Category: Featured

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.

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.

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.

Key risk events today: MPC Member Vlieghe Speaks; US PPI m/m and Core PPI m/m. EUR/USD: The US dollar set the tone Thursday, with CPI inflation figures coming in better than expected. This weighed on the EUR/USD, topping out just south of the 1.13 handle at a H4 supply area drawn from 1.1288-1.1273. Traders short … Continue reading Friday 12th July: Dollar index steady around 97.00 ahead of producer price index release.