The currency galaxy remained cautious before the publication of the key inflation data of the USA on Tuesday, although the dollar managed to overcome its main competitors thanks to the persistent commercial concerns and the widespread sales bias in the risk linked to risk.
This is what you have to observe on Tuesday, July 15:
The American dollar index (DXY) rose to new maximums, exceeding the barrier of 98.00, although it was left without impulse later. The US inflation rate will be the center of attention, followed by the New York Empire State Manufacturing Index and the weekly API report on US crude oil inventories in the US.
The EUR/USD experienced considerable, sufficient losses to reach new minimums of three weeks in the area of 1,1650. The economic feeling of the ZEW for Germany and the euro zone will be published, followed by the industrial production figures in the region. Buch of the ECB is expected to speak.
The GBP/USD kept trade at the lower end of its recent rank, opening the door to a possible challenge of the 1,3400 zone sooner rather than later. BRC’s retail sales monitor will be the only data publication on the channel along with the Bailey speech of the BOE.
The USD/JPY began the week with a positive spirit, extending its march to the north and reorienting towards the 148.00 barrier. Reuters’s Tankan Index is the following on the agenda in Japan on July 16.
The Aud/USD could not hold the initial upward attempt, losing impulse and retreating half of the 0.6500 as the American session came to an end. The Australian agenda includes the Westpac consumer confidence index.
The renewed threats of President Trump aimed at Russian oil buyers weighed on the raw material, dragging American WTI prices to daily minimums in the area of less than $ 67.00.
Gold prices briefly rose to three -week peaks above $ 3,370 per Troy ounce, although the dollar resistance seems to have taken the yellow metal to give up some of their earnings later. Silver prices extended their recovery and advanced above the 39.00 brand per ounce for the first time since September 2011.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
