The US Dollar (USD) managed to leave behind part of Friday’s retracement, regaining upside impulse in a context of heightened caution ahead of the Trump-Zelenskiy gathering and the upcoming Jackson Hole Symposium.
Here's what to watch on Tuesday, August 19:
The US Dollar Index (DXY) picked up modest upside momentum at the beginning of the week, briefly surpassing the key 98.00 hurdle amid marginal gains in US yields across the curve. Housing Starts and Building Permits should leave the attention on the housing market, ahead of the API’s weekly report on crude oil inventories and the speech by the Fed’s Bowman.
EUR/USD traded on the back foot, with the topside so far capped by the 1.1700 resistance, always following the stronger US Dollar. Current Account results in the broader Euroland are due.
GBP/USD surrendered part of recent gains and returned to the vicinity of 1.3500, hitting three-day lows. Next of note on the UK docket will be the crucial Inflation Rate on August 20.
USD/JPY flirted with three-day highs near the key 148.00 mark, bolstered by the firm performance of the US Dollar. Next on the Japanese calendar will be the Balance of Trade results and Machinery Orders on August 20.
AUD/USD could not sustain the early move to two-week highs near 0.6570, succumbing to the selling pressure and ending the day around the 0.6500 region. The Westpac Consumer Confidence gauge, Consumer Inflation Expectations and the speech by the RBA’s Connolly are next on tap in Oz.
USD/CAD traded in an inconclusive tone around the 1.3800 region, extending its ongoing range-bound theme. July's Inflation Rate in Canada will be the salient event.
Prices of the barrel of WTI receded to the area of three-month lows and were headed toward the $61.00 mark on Monday, as traders kept their attention on the Trump-Zelenskiy meeting.
Gold prices retreated modestly and revisited the $3,330 zone per troy ounce in quite an inconclusive session on Monday, with investors closely following geopolitics and the upcoming Jackson Hole Symposium. Silver prices clocked humble gains, managing to reclaim the $38.00 mark per ounce and beyond.
Related Articles
U.S. Stock Market Risk Assessment: Learning from History, Mid-Term Outlook Remains Secure
We argue that the Federal Reserve’s monetary policy is the most critical factor influencing the stock market.
Figma (FIG): Beyond the Hype and the Flashy News Articles
TradingKey - There are certain aspects of Figma (FIG) that demonstrate the solid foundation they have – deep penetration of Fortune 500 clients, record-high gross margins, and still early stage of monetization. However, the competitive landscape is quite hard to predict with big incumbents
Eurozone July HICP Preview: ECB Likely to Continue Rate Cuts
TradingKey - On 20 August 2025, the Eurozone will release its July Harmonised Index of Consumer Prices (HICP) data. Market consensus anticipates the headline HICP to rise by 2% year-on-year, with the core HICP increasing by 2.3% year-on-year, both unchanged from the previous month. Since the start..
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.
