Category: Featured

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.

Key risk events today: BoE Financial Stability Report; ECB Monetary Policy Meeting Accounts; US CPI m/m and Core CPI m/m; RBA Assist Gov. Debelle Speaks; Fed Chair Powell Testifies; FOMC Member Quarles Speaks. EUR/USD: The broad US dollar index fell sharply Wednesday following the Semi-Annual Testimony statement from Federal Reserve chief Jerome Powell. Powell’s comments … Continue reading Thursday 11th July: Dollar remains under pressure following Powell’s dovish comments.

Key risk events today: UK GDP m/m; UK Manufacturing Production m/m; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; Fed Chair Powell Testifies; MPC Member Tenreyro Speaks; FOMC Member Bullard Speaks; FOMC Meeting Minutes. EUR/USD: As dovish ECB chatter increased, the shared currency continued to explore lower ground against its US counterpart … Continue reading Wednesday 10th July: Powell vs. BoC vs. FOMC meeting minutes – expect volatility, traders.