United Kingdom BRC Shop Price Index (YoY): -0.5% (June) vs -1.1%

GDT auction: a step lower – Westpac

Analysts at Westpac Banking Corporation explained that dairy prices fell sharply in last night’s GDT auction.  Key Quotes: "While we had been expecting prices to soften in the coming months, the size of last night’s fall in prices was a surprise, effectively taking prices t ...

Review of the US data and their GDP tracking update – Nomura

Analysts at Nomura offered a review of the US data and their GDP tracking update. Key Quotes: "Factory orders:  The May factory orders report included positive upward revisions to new orders of durable goods ex-transportation from a 0.3% m-o-m decline to no change. However, revisions t ...

China pushing EU for anti-US alliance on trade – Reuters

As reported by Reuters, China is applying pressure on the European Union to issue a joint statement decrying US President Donald Trump over his current trade policies. Key quotes "In meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Vice Premier Liu He and th ...

AUD/USD toying with the 0.74 barrier ahead of the Aussie Trade Balance

The Aussie managed to recover some market position after risk appetite saw the Greenback take a breather. Today's Retail Sales and Trade Balance double-header gives the AUD an opportunity to extend its gains. The AUD/USD is trading a touch under the 0.7400 key level after Tuesday' ...

IMF: risks to NZ economy tilted to the downside

The International Monetary Fund (IMF) commented on New Zealand's economic and financial developments following their latest Article IV report. The IMF has noted that New Zealand's medium-term economic risks are tilted downward, most likely related to the island country's housin ...

Key US data coming up: eyes on FOMC minutes – Nomura

Analysts at Nomura offered a preview of the next key data events from the US. Key Quotes: "ADP private employment: Consistent with our forecast for the BLS June employment report, we expect ADP to report a 205k increase in June private payrolls (Consensus: 190k)." "Initial jobles ...

NZD/USD: sturdy despite a poor GDT auction, holding above the 100-hr SMA

Despite a poor GDT auction, yet the NZD strengthened. Key support is 0.6680 while resistance comes as 0.6850. NZD/USD is currently trading at 0.6752 having made a high of 0.6759 and a low of 0.6687, resilient to a poor GDT auction having pierced the descending 100-hr SMA at 0.6751 an ...

Peru stocks lower at close of trade; S&P Lima General down 0.96%

Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the Banking&Financials, Mining and Non-Metal Minerals sectors led shares lower. At the close in Lima, the S&P Lima General lost 0.96% to hit a new 6-months low. The best performers of the session on the S&P ...

AUD/USD Technical Analysis: AUD/USD boosted near 0.7400 figure

AUD/USD is trading inside yesterday's range this Tuesday. The 50-period simple moving average has crossed above the 200-period SMA suggesting a slight bullish bias in the short-term.  AUD/USD is consolidating the intraday boost to 0.7400 figure and the next support is seen near 0.738 ...

South Korea FX Reserves increased to 400.3B in June from previous 398.98B

United States Total Vehicle Sales above forecasts (17M) in June: Actual (17.47M)

United States API Weekly Crude Oil Stock: -4.5M vs -9.228M