{"id":30719,"date":"2022-06-21T17:20:44","date_gmt":"2022-06-21T16:20:44","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=30719"},"modified":"2022-06-21T17:27:20","modified_gmt":"2022-06-21T16:27:20","slug":"market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/","title":{"rendered":"Market Brief – Canadian Retail Sales in Focus ahead of Wednesday Inflation data"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Markets experienced a risk-on mood early Tuesday as investors resumes trades after the US holiday. Investors are looking at Central Bank policy in a broader view as the risk of recession lingers. RBA governor Lowe indicated a possible 75bps hike at its July meeting as the country battles inflationary pressure. Fed\u2019s Barkin and Cleveland Fed president Meister will be speaking later in the day.<\/p>

EURUSD<\/a> rallied by +0.52% early in the European session as ECB members forecast rate hikes in the near term. ECB\u2019s Rehn indicated that the September rate hike could be more than 25bps. There is also a broad weakness in the US Dollar<\/a> ahead of the US existing home sales for May. Bulls have a near-term barrier at 1.0600 and a break above that near-term barrier, the 1.0800 could be in sight in the near term. Near-term support is at 1.0400 psychological figure.<\/p>

GBPJPY<\/a> surged by +0.71% ahead of the UK inflation data early Wednesday. The inflation data is expected to rise from 9.0% to 9.1% YoY underpinning further monetary policy tightening by the BoE. The pair has a near-term resistance at 168.732 and support at 160.00. Traders should pay attention to the BOE MPC member Tenreyro\u2019s speech later today and BoJ monetary policy meeting early Wednesday morning.<\/p>

AUDCAD<\/a> trimmed earlier gains dropping -0.16% as rising energy prices boost the Canadian dollar. The Aussie spiked higher early Tuesday morning after RBA\u2019s Phillipe Lowe forecasts a possible rate hike at the July policy meeting. However, bulls lost steam near the 0.9050 ahead of Canadian Retail sales data due for release in the New York session.<\/p>

Upside gains are capped by 0.91300 and bears are currently trading slightly above the 0.9000 psychological level. A break below that level could open the way for the 0.8950 level in the near term.<\/p>

European equities opened higher as risk-on profile returns to the markets. FTSE100<\/a> extended gains for the second day by +1.00% as bulls found near-term support at the 6975 level. Upside gains are capped by 7200 and 7300 barriers.<\/p>

DAX<\/a> rallied by 1.16% as bulls attempt to fill in the price action gap between 13757.00 and 13650.00 levels. The near-term support is at 13200. CAC40<\/a> soared by +1.78% as bulls find a foothold above the 5900 level. Gains are capped by 6025, previous support turned resistance.<\/p>

US stock equities rebound after massive wealth destruction week. The S&P500 futures<\/a> took a breather, soaring +0.84% early Tuesday morning after finding near-term support at the 3641 level. A critical level to watch out for is the 3800 psychological figure and the 3500 level, if bulls fail to challenge the near-term barrier.<\/p>

Nasdaq100 futures<\/a> rose by +0.88%, a third-day gain as bulls found near-term support at the 11100.00 level. Bulls face a near-term barrier at the 11600 level. Dow Jones Industrial index<\/a> edged higher by +0.81% as 30000 support holds, however, gains are capped by the 31000 psychological barrier.<\/p>

Crude oil<\/a> prices edged higher after a major slump on Friday. Brent <\/a>rose by +1.48% as bulls managed to defend the 112.30 near-term support. Gains are capped by the 118.00 psychological level. USWTI opened higher by +0.20 despite bulls struggling to hold gains above the 108.40 level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Markets experienced a risk-on mood early Tuesday as investors resumes trades after the US holiday. Investors are looking at Central Bank policy in a broader view as the risk of recession lingers. RBA governor Lowe indicated a possible 75bps hike at its July meeting as the country battles inflationary pressure. Fed\u2019s Barkin and Cleveland Fed […]<\/p>\n","protected":false},"author":4,"featured_media":30721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[453,64,605,87,601,307],"yoast_head":"\nMarket Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data\" \/>\n<meta property=\"og:description\" content=\"Markets experienced a risk-on mood early Tuesday as investors resumes trades after the US holiday. Investors are looking at Central Bank policy in a broader view as the risk of recession lingers. RBA governor Lowe indicated a possible 75bps hike at its July meeting as the country battles inflationary pressure. Fed\u2019s Barkin and Cleveland Fed president Meister will be speaking later in the day.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-21T16:20:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-21T16:27:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/GettyImages-1315884826.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"464\" \/>\n\t<meta property=\"og:image:height\" content=\"249\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data\" \/>\n<meta name=\"twitter:description\" content=\"Markets experienced a risk-on mood early Tuesday as investors resumes trades after the US holiday. Investors are looking at Central Bank policy in a broader view as the risk of recession lingers. RBA governor Lowe indicated a possible 75bps hike at its July meeting as the country battles inflationary pressure. Fed\u2019s Barkin and Cleveland Fed president Meister will be speaking later in the day.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Brief – Canadian Retail Sales in Focus ahead of Wednesday Inflation data\",\"datePublished\":\"2022-06-21T16:20:44+00:00\",\"dateModified\":\"2022-06-21T16:27:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/\"},\"wordCount\":512,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"CAD\",\"Crude oil\",\"EUR\",\"GBP\",\"Stocks\",\"USD\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/\",\"url\":\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/\",\"name\":\"Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-06-21T16:20:44+00:00\",\"dateModified\":\"2022-06-21T16:27:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Brief – Canadian Retail Sales in Focus ahead of Wednesday Inflation data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/","og_locale":"en_GB","og_type":"article","og_title":"Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data","og_description":"Markets experienced a risk-on mood early Tuesday as investors resumes trades after the US holiday. Investors are looking at Central Bank policy in a broader view as the risk of recession lingers. RBA governor Lowe indicated a possible 75bps hike at its July meeting as the country battles inflationary pressure. Fed\u2019s Barkin and Cleveland Fed president Meister will be speaking later in the day.","og_url":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-06-21T16:20:44+00:00","article_modified_time":"2022-06-21T16:27:20+00:00","og_image":[{"width":464,"height":249,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/GettyImages-1315884826.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data","twitter_description":"Markets experienced a risk-on mood early Tuesday as investors resumes trades after the US holiday. Investors are looking at Central Bank policy in a broader view as the risk of recession lingers. RBA governor Lowe indicated a possible 75bps hike at its July meeting as the country battles inflationary pressure. Fed\u2019s Barkin and Cleveland Fed president Meister will be speaking later in the day.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Market Brief – Canadian Retail Sales in Focus ahead of Wednesday Inflation data","datePublished":"2022-06-21T16:20:44+00:00","dateModified":"2022-06-21T16:27:20+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/"},"wordCount":512,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["CAD","Crude oil","EUR","GBP","Stocks","USD"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/","url":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/","name":"Market Brief - Canadian Retail Sales in Focus ahead of Wednesday Inflation data - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-06-21T16:20:44+00:00","dateModified":"2022-06-21T16:27:20+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/market-brief-canadian-retail-sales-in-focus-ahead-of-wednesday-inflation-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Market Brief – Canadian Retail Sales in Focus ahead of Wednesday Inflation data"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/30719"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=30719"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/30719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/30721"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=30719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=30719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=30719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}