GBP/USD dips on sour sentiment, soft UK retail sales

Share: GBP/USD retreats from daily highs and losses for the second day in the week but remains set to finish the week on a higher note. Retail Sales in the United Kingdom (UK) were softer, but most data supports the Bank of England’s (BoE) case for a rate hike at its upcoming meeting. The GBP/USD

AUD/USD stays defensive around 0.6500 as RBA Minutes, China/US statistics loom

Share: AUD/USD struggles to defend the bounce off YTD low despite probing five-day losing streak ahead of multiple data/events. Fears surrounding China, firmer US Treasury bond yields weigh on Aussie pair. RBA Minutes need to defend hawkish interest to recall AUD/USD buyers. China Industrial Production, Retail Sales will be eyed closely amid economic

Index declines at Monday open as market waits to view retail sales, earnings

Share: S&P 500 has given up 2.72% so far in August. The index is in an official short-term downtrend. Target, Walmart and Home Depot release quarterly earnings this week. US Census Bureau reports July US Retail Sales on Tuesday. S&P 500 opened Monday lower alongside other major indices. The S&P 500 traded off about 0.1%