United Kingdom BRC Like-For-Like Retail Sales (YoY): 1.1% (June) vs previous 2.8%

New Zealand Electronic Card Retail Sales (MoM): 0.8% (June) vs 0.4%

New Zealand Electronic Card Retail Sales (YoY) increased to 4.9% in June from previous 4.2%

OPEC doesn’t shoulder Trump’s oil price blame – Reuters

As reported by Reuters, OPEC has responded to US President Trump's accusation that OPEC needs to "do something" about oil prices, with OPEC's president stating that the oil production group does not take responsibility for actions that have sent oil prices rising. Key quote ...

AUD/USD looking to reclaim 0.75 as bullish tone solidifies

The Aussie is holding on the bullish side, but key resistance is building at 0.75. China data today to drive the AUD, though traders will be looking towards China's trade figures on Friday. The AUD/USD is trading near 0.7460 heading through the overnight session after lifting to a high o ...

China and Germany swear on free trade as they sign deals – Reuters

As reported by Reuters, China and Germany have made headway on free trade commitments as the two countries signed a raft of trade agreements worth 20 billion Euros on Monday, making thinly-veiled slants towards the US regarding trade policies. Key quotes "The deals, involving German industria ...

Key themes in the commodities – TDS

Analysts at TD Securities, (TDS), explained the key themes in the commodity sector. Key Quotes: "Gold prices closed the week marginally higher as emerging market currencies consolidated their losses." "Crude oil ended the week lower, but WTI crude outperformed Brent as ...

CFTC weekly report – TDS

Analysts at TD Securities explained the CFTC weekly report, noting the weakness in EMs. Key Quotes: "Money managers left their net exposure to gold largely unchanged, with spec long positioning nearing its lowest levels since late 2015."  Weakness in emerging market currencies suc ...

Market wrap: US stocks rose for a third straight session – Westpac

Analysts at Westpac explained that US stocks rose for a third straight session on an upbeat day for global risk assets. Key Quotes: "US 10yr treasury yields rose from 2.84% to 2.86%, and 2yr yields rose from 2.55% to 2.57%. Fed fund futures yields continued to price 1 ½ more hikes i ...

BoC to raise rates 25bp, 1.32-1.34 range to dominate – Rabobank

Analysts at Rabobank explained that they expect the Bank of Canada to raise rates 25bp to 1.50% on Wednesday, 11th July. Key Quotes: "The CAD OIS curve implies around an 85% chance of a 25bp hike." "17 of the 22 analysts surveyed by Bloomberg (including ourselves) expect a 25b ...

Peru stocks higher at close of trade; S&P Lima General up 0.71%

Investing.com – Peru stocks were higher after the close on Monday, as gains in the Mining, Non-Metal Minerals and Services sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.71%. The best performers of the session on the S&P Lima General were Trevali Mining ...

GBP/USD Technical Analysis: Cable bulls hold tight above 1.3250 level

GBP/USD price action was dominated by UK’s politics this Monday. UK government tumbled, five casualties so far, more to come? GBP/USD dropped almost 180 pips and bulls are currently supporting the price above the 1.3250 level.  GBP/USD bear move was quite strong and the last move u ...

UK government tumbled, five casualties so far, more to come?

PM May softer Brexit's stance put her government at risk for the umpteenth time. White Paper on Brexit delayed once again, no light at the end of the tunnel. The UK government tumbled this Monday, as PM May's announcement of a softer-Brexit proposal last Friday triggered a series o ...

NZD/USD: turning away from 21-D SMA and testing key support line

NZD/USD: the greenback is evidently stronger and is exposing levels below the hourly support line. "Positioning in the NZD has likely become cleaner" - ANZ Bank New Zealand Limited, (ANZ). NZD/USD has been consolidating above the descending the prior channel's resistance an ...

Wall Street closes substantially higher as earnings season looms

CBOE Volatility Index drops more than 5% on the day. Boosted by financials, DJIA adds 1.3%. Investors are eagerly waiting for the earnings season. Major equity indexes started the week on a positive note and preserved their momentum to end the day with impressive gains as investors starte ...