Investors will focus on Canadian inflation print and the US Retail Sales [Video]
|The market uncertainties loom as different trades – Trump trade, reflation trade, China trade and AI trade – have diverging impact across regions and sectors.
On the data front, investors will focus on Canadian inflation print and the US retail sales, and UK inflation and jobs data later this week. Retail sales in the US are expected to have fallen 0.2% in June. Such weakness would back the Fed’s easing inflation story and further reinforce the expectation of a September Fed cut. We could then see the US dollar index make a decisive move below a major Fibonacci support and help major peers clear important resistances.
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