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USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as Beijing seemingly to want to allow their currency to slide to help support the economy.

As long as the correlation holds, traders who don’t have access to trade copper can use USD/CHF as a proxy.

Liz Truss appears to be the clear favorite over Rishi Sunak in early polling...

The July headline Retail Sales print was slightly weaker; however, the core print was stronger. Due to the mixed data, USD/JPY continued its overnight path higher as price broke out of a descending wedge.

The list of worries for investors grow larger...

XPeng has struggled to grow output in 2022 but markets believe deliveries will accelerate in the second half of the year.

Reddit has become a hub for social-media driven traders and investors that have proven their ability to move the markets, injecting huge volatility into stocks like GameStop and AMC. But what stocks are grabbing attention on Reddit today?

Investors fear more aggressive hikes will be on the way after CPI topped 10%

Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.

Walmart earnings beat estimates that had been revised lower throughout Q2. As a result, the price of the stock gapped 5% higher.

In this week’s edition, we are getting technical on USD/CNH, crude oil and a couple of US equity indices.

Why this week’s price action could set the trading bias for US indices heading into September and beyond...

The July Canadian CPI print came in weaker than June’s print and USD/CAD sold off. Traders may have been expecting an even weaker print, similar to that of the US CPI.

It is becoming difficult for investors to justify maintaining an optimistic view on the stock markets given a challenging macro outlook - and not just in the Eurozone

BHP earnings have exploded to their highest level since 2011 and allowed the miner to pay a record dividend to investors.

Whilst EUR/GBP has remained mostly within the range highlighted last week, subsequent price action suggests a downside break could be on the cards.

The ASX200 trades 41 points higher at 7105 at 2.45 pm Sydney time.