What to Watch: Canadian CPI Dominates the Session
Canada's CPI data at 12:30 UTC headlines the next 24 hours, with headline, median, trimmed and common inflation readings all in focus for CAD.
Stay updated with the latest forex, metals, and indices market news.
Canada's CPI data at 12:30 UTC headlines the next 24 hours, with headline, median, trimmed and common inflation readings all in focus for CAD.
Canada and UK inflation, FOMC minutes and Australian jobs headline the week. Forecasts, previous readings and the markets each report moves.
US stocks closed higher led by the Nasdaq 100's 1.37% gain, while gold, silver and crude all retreated into the New York close.
Precious metals fell across the board with palladium down 4.2% and gold off 1.5%, while the Nasdaq 100 rose 1.4% and the Nikkei added 1.1%.
US Core Retail Sales m/m lands at 12:30 UTC on Aug 14, forecast 0.2% versus -0.2% prior. What it measures and how USD-linked instruments are trading now.
US tech opens the day higher with the Nasdaq 100 up 1.37% and the Nikkei up 1.12%, while gold, silver and platinum all retreat. FX majors sit flat.
A US-focused calendar: retail sales and preliminary UoM consumer sentiment and inflation expectations headline the next 24 hours, all in dollars.
The Nikkei 225 jumped 1.88% and gold and silver each rose 0.83%, while Cardano and Dogecoin led a broad crypto retreat into the US close.
The Nikkei led global gains at +1.88% while gold and silver each added 0.83%. European indices drifted flat and crypto slid, with ADA and Dogecoin down over 3%.
Altcoins eased against the dollar after the US PPI and Core PPI reports landed at 12:30 UTC, with UNIUSD leading a modest pullback.
US Core PPI m/m lands at 12:30 UTC on Aug 13, forecast 0.3% vs 0.2% prior. What it measures and how USD-linked instruments are trading now.
Sterling edged lower across the board after the UK GDP m/m data landed at 06:00 UTC, with GBPUSD leading a modest decline in our M15 feed.