Canada: Manufacturing sales likely to rise 0.5% in May – TDS

Analysts at TD Securities are looking for Canadian manufacturing sales to rise 0.5% (market: 0.4%) in May on a rebound in energy production after refinery shutdowns led to a sharp pullback last month. Key Quotes “Supply chain disruptions to auto production will provide a partial offset whil ...

GBP futures: rallies appear tepid

CME Group’s preliminary figures for GBP futures markets saw investors trimmed their open interest positions by 2.1K contracts on Monday from Friday’s final 178,871 contracts. In the same line, volume decreased markedly by more than 48.5K contracts. GBP/USD another test of 1.3050 is no ...

US: Focus on Powell’s testimony and industrial production – TDS

Analysts at TD Securities point out that Fed Chair Powell will testify before the Senate Banking Committee at 10:00 ET following the release of the Fed's Semi-annual Monetary Policy Report last Friday and will be a key event for today’s session. Key Quotes “We look for Powel ...

Stocks- U.S. Futures Pause Ahead of Earnings, Powell Testimony

Investing.com – U.S. futures were mostly flat on Tuesday as investors paused before a flurry of earnings reports and testimony from Fed Chair Jerome Powell. The S&P 500 futures fell five points or 0.18% to 2,791.50 as of 6:46 AM ET ( 10:46 GMT) while Dow futures decreased 27 points o ...

Sri Lanka stocks higher at close of trade; CSE All-Share up 0.80%

Investing.com – Sri Lanka stocks were higher after the close on Tuesday, as gains in the Footwear&Textile, Telecoms and Healthcare sectors led shares higher. At the close in Colombo, the CSE All-Share gained 0.80%. The best performers of the session on the CSE All-Share were Associated Motor ...

India stocks higher at close of trade; Nifty 50 up 0.65%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Public Sector Undertakings, Oil&Gas and Metals sectors led shares higher. At the close in NSE, the Nifty 50 rose 0.65%, while the BSE Sensex 30 index gained 0.54%. The best performers of the session on the ...

EUR/USD recedes from tops near 1.1750 ahead of Powell

The pair clinches tops near 1.1750 and retreats. DXY is testing once again the critical 94.40 area. Fed’s Powell will testify before the Senate Banking Committee later. After advancing to fresh tops in the proximity of  the 1.1750 area, EUR/USD seems to have met sellers and is no ...

Indonesia stocks lower at close of trade; IDX Composite Index down 0.74%

Investing.com – Indonesia stocks were lower after the close on Tuesday, as losses in the Financials, Consumer Industry and Manufacturing sectors led shares lower. At the close in Jakarta, the IDX Composite Index lost 0.74%. The best performers of the session on the IDX Composite Index were Capitol ...

EUR futures: further upside appears limited

In light of advanced figures for EUR futures markets from CME Group, open interest decreased marginally by 277 contracts on Monday from Friday’s final 493,765 contracts. Volume, instead, dropped sharply by more than 50.4K contracts. EUR/USD still negative below 1.1790 The ongoing recovery i ...

US: Industrial production to post a robust 0.9% gain in June – Nomura

Analysts at Nomura are forecasting a robust 0.9% m-o-m gain in US industrial production in June after a 0.1% decline in May. Key Quotes “June industrial production was likely boosted heavily by auto assemblies. In May, a fire at a parts supply factory disrupted auto production. Industr ...

UK: Wage growth should continue to be well-supported – TDS

Analysts at TD Securities point out that this morning's UK labour market data for May was exactly in line with consensus as the unemployment rate held at 4.2% for the 4th month in a row, while headline wage growth came in at 2.5% y/y. Key Quotes “The underlying wage data was a bit mor ...

USD/JPY upside underpinned by BoJ-Fed divergence – Danske Bank

Spot is seen edging higher in the longer run, always supported by the divergence in policy between the Fed and the BoJ. Key Quotes “JPY weakness has materialised against USD and EUR despite rising trade concerns of late as the latter seems to currently affect the FX market mainly via economi ...

UK government survive key votes – TDS

Analysts at TD Securities note that late-night drama in the House of Commons saw the UK government survive key votes to incorporate the hard Brexit ERG group's amendments to the Customs Bill. Key Quotes “Last night's votes showed that the hard Brexit Conservatives have th ...

Top 5 Things To Know In The Market On Tuesday

Investing.com - Here are the top five things you need to know in financial markets on Tuesday, July 17: 1. Netflix Slammed After Missing Big On Subscriber Growth Netflix missed its subscriber growth projections for the first time in five quarters, raising fears that the streaming giant's rapi ...