Global Markets:
- Asian stock markets: Nikkei up 0.08 %, Shanghai Composite rose 0.13 %, Hang Seng up 0.94 %, ASX 200 climbed 0.37 %
- Commodities: Gold at $1293.86 (-0.21 %), Silver at $16.97 (-0.22 %), WTI Oil at $47.70 (+0.36 %), Brent Oil at $51.83 (+0.33 %)
- Rates: US 10-year yield at 2.19, UK 10-year yield at 1.07, German 10-year yield at 0.39
News & Data:
- CAD Wholesale Sales m/m -0.5% vs 0.6% expected
- U.S. workers have low hopes for higher pay: Fed survey- RTRS
- Oil prices edge up on signs of gradually tightening market- RTRS
Markets Update:
Asian equity markets opened in green on Tuesday as investors reassessed positions ahead of a meeting of central bankers, including Federal Reserve Chairwoman Janet Yellen and European Central Bank President Mario Draghi, in Jackson Hole later this week.
AUDUSD was little changed during Asian session today and was last seen trading at 79.38 U.S Cents. During the course of Monday’s sessions, dollar losses had nudged the commodity currency higher, price had rised towards 0.7950 but has since given back all of its gain.
EURUSD continued to trade in a small range on Tuesday, trying to test 1.1820 and then slipping back to under 1.1810. The EURO is currently seen trading at $1.1805 after climbing 0.5 percent in the previous session as the US dollar decline on Monday against the majority of its trading peers
USDJPY erased Monday’s loss as it started moving higher during Tokyo morning. The yen lost over 0.3 percent against the US dollar reaching highs of 109.33. There are reported stop loss buyers clustered above 109.50, something to be aware of should we approach there.
Upcoming Events:
- 08:30 GMT – (GBP) Public Sector Net Borrowing
- 09:00 GMT – (EUR)German ZEW Economic Sentiment
- 12:30 GMT – (CAD) Core Retail Sales m/m
- 12:30 GMT – (CAD) Retail Sales m/m
