More Brexit Bumps, US Retail Sales Ahead

LMAX Group Research Desk LMAX Group

The Pound is a clear underperformer in the early hours of the week, with the currency taking the hit from weekend setbacks on the Brexit front. As far as today's economic calendar goes, key standouts come in the form of US readings that include retail sales, empire manufacturing and business inventories.

Performance v. US dollar since weekly open

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LMAX Group Research Desk

LMAX Group

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Over the past two Tokyo sessions, this has not been a rate story. Not even close. Interest rate differentials have been spectators, not drivers. What has moved USD/JPY in local hours has been flow and flow alone.

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Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.