New Zealand Q2 Retail Sales [Video]

Dukascopy Bank Team Dukascopy Bank SA

Economic Calendar is relatively light on this Tuesday as well, but there is a potential Kiwi Dollar shaker on the agenda, so stay with us. Swiss Trade Balance for July opens this agenda at 6 o’clock in the morning. Surplus disappointed in June as it narrowed down from 2.81 billion Swiss Francs in May. UK Public Sector Finances for July follow at 8:30 AM. Net borrowing jumped to 4.5 billion in June from May’s level of 3.9 billion Pounds. Another UK report follows at 10 AM, when CBI Industrial Trends for August will be available. Survey balance slipped by two points in July to plus 11. Canadian Wholesale Sales for June continue the data run at a half past noon GMT. Sales jumped by 1.2% in May to hit a record high, after slipping by one tenth of a percent in April. The high importance New Zealand Retail Sales stats for the second quarter are up next at a quarter to 11 PM. Sales were almost unchanged during the year’s opening quarter, gaining just one tenth of a percent. Australian Construction Work Done data for the second quarter wraps up this calendar at 1:30 AM. Construction work done edged up slightly in the first quarter, after plummeting by a massive 18.3% during the final three months of last year.

Author

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.