The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar.
British Pound (GBP) Weekly Forecast: On Alert for Comments from BOE Members
Hawkish comments from BOE members keep GBP/USD and EUR/GBP within range
ForexLive Americas FX news wrap: US retail sales beat estimates but the market doesn’t care
Forex news for New York trade on July 16, 2021:
Markets:
– Gold down $18 to $1810
– US 10-year yields down 0.2 bps to 1.295%
– WTI crude oil down 18-cents to $71.41
Retail sales were much stronger than expected and the strength was broad-based but the FX market largely cast the report aside after an initial pop in
Markets:
– Gold down $18 to $1810
– US 10-year yields down 0.2 bps to 1.295%
– WTI crude oil down 18-cents to $71.41
Retail sales were much stronger than expected and the strength was broad-based but the FX market largely cast the report aside after an initial pop in
US equities close just above the lows of the week
Closing changes for the main North American indexes
I think the chart to watch is the Russell 2000. It’s been consolidating since late January and this is the worst weekly close in the index since then. The intraday lows narrowly below here are probably what matters though. If those crack, we could be in for a
I think the chart to watch is the Russell 2000. It’s been consolidating since late January and this is the worst weekly close in the index since then. The intraday lows narrowly below here are probably what matters though. If those crack, we could be in for a
US 10-year note speculators throw in the towel, go net long
CFTC positioning data
One of the big theories on the drop in Treasury yields in the past month or so is that it was a big squeeze on shorts.
If so, it might be over.
One of the big theories on the drop in Treasury yields in the past month or so is that it was a big squeeze on shorts.
If so, it might be over.
Cable will have another look at the 1.3750 zone of support
Keep on knocking and they’ll eventually let you in
Cable is down 63 pips to the low of the session at $1.3765. That’s the worst level of the week and it will leave GBP/USD just above the cluster of lows that stretches down to 1.3731.
Cable is down 63 pips to the low of the session at $1.3765. That’s the worst level of the week and it will leave GBP/USD just above the cluster of lows that stretches down to 1.3731.
US equities hit a weekly low as we enter the final hour of trading
Looks like we
Barring an incredible turnaround, it looks like we’re going to close on the lows of the week in US equities.
The S&P 500 is down 26 points to 4334.
Barring an incredible turnaround, it looks like we’re going to close on the lows of the week in US equities.
The S&P 500 is down 26 points to 4334.
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