Ipek Ozkardeskaya
Swissquote Bank Ltd
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.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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