US June retail sales preview

Jul 16, 2019 11:12 am UTC| Commentary

U.S. retail sales statistics for the month of June will be released at 12:30 GMT, today. Why retail sales and U.S. consumers are important? Domestic consumption of goods contributes about 25% of GDP or around $...

UK gilts surge despite better-than-expected growth in average wages in May; June CPI eyed

Jul 16, 2019 11:04 am UTC| Commentary Economy

The United Kingdoms gilts surged during European trading hours Tuesday as investors turned deaf towards a stronger-than-expected growth in average wages for the month of May as participants still await the results of the...

German bunds jump after ZEW economic sentiment disappoints in July; Eurozone June CPI eyed

Jul 16, 2019 10:45 am UTC| Commentary Economy

The German bunds jumped during European session Tuesday after the countrys ZEW economic sentiment data for the month of July, disappointed market sentiments in July, while investors still eye the eurozones consumer price...

FxWirePro: USD/JPY trapped in Bull/Bear fight

Jul 16, 2019 10:13 am UTC| Commentary

Our calculations at FxWirePro strongly suggests that despite the initial upside momentum, the USD/JPY exchange rate is trapped in a Bull/Bear fight over short-term control. While 2-year yield spread (U.S. - Japan) is...

New Zealand Q2 CPI rises by 0.6 pct, matching market expectations

Jul 16, 2019 09:06 am UTC| Commentary Economy

New Zealands consumer price index (CPI) for the second quarter of this year rose by 0.6 percent in the June quarter, in line with what market participants had anticipated. Almost half of the increase was due to short-term...

USD/CNY likely to trade in range of 6.80-6.95 during renewed US-China trade negotiations, says Scotiabank

Jul 16, 2019 08:26 am UTC| Commentary Economy

The USD/CNY currency pair is expected to trade in a range of 6.80-6.95 during the renewed US-China trade negotiations, which helps stabilize both domestic and regional market sentiment, according to the latest research...

FxWirePro: GBP/USD succumbs to downside pressure after bearish engulfing in daily chart

Jul 16, 2019 08:25 am UTC| Commentary

The pound is moving lower sharply in Tuesdays trading as the recovery got stalled on Monday, with price action forming a bearish engulfing candle, as last Fridays support got cleared. The focus is now on the...