AUD/USD Edges Lower ahead of RBA Minutes, Lowe is Out

The Australian dollar has started the week in negative territory. In the European session, AUD/USD is trading at 0.6816, down 0.32%. The Aussie is coming off a banner week, with gains of 2.18% against the US dollar.

US Retail Sales May Not Come to the Dollar's Rescue

The US Census Bureau will publish retail sales for June on Wednesday at 12:30 GMT. The data are a good proxy of consumer demand and will be worth dissecting as the July FOMC meeting is approaching. Still, the report alone may not have enough power to reverse last week’s freefall in the US dollar even if the forecasts are encouraging.

Minutes to RBA's July Meeting Highlight Key Areas of Uncertainty

Stance of policy described as “clearly restrictive” and more prominence given to possible downside risks to growth but persistence of high inflation and tight labour market conditions still look to be the main factors shaping policy decisions in coming months.

Is It Really the End of Rate-Hiking Road for RBNZ?

Despite its tendency to produce surprises at its rate-setting meetings, it feels like the Reserve Bank of New Zealand has completed its hiking cycle. With the market endorsing a pause at this week’s gathering, the kiwi has to look elsewhere for a potential boost against the US dollar.

Will BoC Hit the Hike Button Again?

Following the larger-than-expected slowdown in Canada’s inflation data for May, inventors were confused as to whether a hike is warranted at the Bank of Canada’s upcoming meeting, scheduled for Wednesday (14:00 GMT). That said, Friday’s strong jobs report tilted the scale towards the rate-hike scenario. With that in mind, how will the outcome affect the Canadian dollar?

Weak China Inflation Leaves Yuan Weak

A further slowdown in China’s inflation is increasingly raising concerns about the Celestial Empire’s economic growth, which could be bad for the rest of the world.

US Dollar Slides Below Critical Support

The dollar-yen plunged below the 141 level and is preparing to test the 50-DMA, which stands near the 140 level, to the downside. The EURUSD rallied past 1.10 mark despite a sentiment index that showed a faster deterioration for July in Eurozone.

Ethereum Defends Bullish Trend

Ethereum reversed to the upside at the end of last week, pulling back from its 50-day moving average. This is the second such reversal in the past two weeks, suggesting that the market is looking to reassert the dominance of the uptrend. If this proves to be the case, Ethereum is headed for a renewal of local highs near $1960 from the current $1880.

BoE Has Cause for Optimism in UK Jobs Report

UK jobs data this morning is a mixed bag on the face of it but a deeper dive into the numbers may give the BoE more cause for optimism than pessimism.

BoE's Challenge: Simultaneous Growth of Wages and Unemployment

UK labour market data is making the Bank of England’s task of fighting inflation complex, with markets increasing expectations of a 50bp rate hike in early August. But we focus on falling employment, which could be the first sign of a recession.