Ticker tape by TradingView

Want Trade Alerts?

See all of our entries, exits, and analysis. 
Use code READER for 25% OFF!
Join VIP

August 15, 2021

Forex Market Recap (08-13 August 2021)

Bart Kurek

Volatility was relatively low and choppy in the FX space among the major currency pairs, but we did see the CHF make a directional move early on in the week. The winners this week was a draw between the CAD and NZD, benefitting from the rebound in oil prices on Tuesday and the latter finding buyers ahead of the likely rate hike from the RBNZ next week.

USD:

  • The US risks fiscal cliff in Autumn amid partisanship on debt
  • Treasury Secretary Yellen urged Congress to raise the national debt limit through bipartisan action
  • Productivity growth slows in Q2
  • US Senate passes massive bipartisan infrastructure package
  • July consumer prices jump 5.4%, but core inflation rises less than expected
  • Fed’s Barkin says they're closing in on taper, but could still take a few months
  • Fed’s Kaplan says Fed should start tapering in October
  • Fed’s George says it’s time to "dial back the settings" on monetary policy
  • Producer prices at more than decade high, unemployment claims fall

EUR:

  • ECB Weidmann says they must tighten policy if needed to counter inflation
  • Eurozone ZEW economic sentiment index slumped from 61.2 to 42.7
  • German ZEW economic sentiment index down from 63.3 to 40.4
  • German consumer prices rose strongly in July in line with forecasts
  • In June 2021, both Italian exports and imports grew (+25.4% and +32.6% respectively) y/y
  • In June 2021, Industrial production down by 0.3% in the euro area and by 0.2% in the EU m/m
  • In July 2021, the prices of frequently purchased French goods sold in hyper and supermarkets fell by 0.1% y/y

GBP:

  • Fresh Covid-19 data boosts hopes that the Delta variant can be kept under control
  • UK economy expanded 4.8% as expected in Q2
  • Manufacturing production up 0.2%, industrial production slumped 0.7%
  • Diners and doctors help the UK economy to extend recovery

CAD:

  • Canada to create international vaccine passport in months
  • PMTrudeau planning a snap election to seek approval for the government's costly plans to combat Covid-19

JPY:

  • Economy Watchers Survey for July: 48.4 vs. 47.6 previous
  • Money Stock for July 2021: +5.2% y/y
  • Corporate Goods Price Index for July: +1.1% m/m, +5.6% y/y
  • Wholesale inflation hits 13-year high as import costs rise

AUD:

  • Australia expands lockdown over concern virus has spread from Sydney
  • NAB business confidence index slumped from +11 to -8
  • Melbourne extends lockdown: "no jab, no job" in Sydney
  • MI inflation expectations slip from 3.7% to 3.3%
  • Canberra to go into lockdown mode

NZD:

  • Inflation q/q expectations up from 2.05% to 2.27%
  • House prices hit a new record +25.2%

new trade alert

Join The VIP Community!
Our entries, exits & analysis
Live Webinar Coaching
Trading Chatrooms
Strategy Library 
Use Code "READER" for $5 OFF!
JOIN NOW

FREE broker quiz

Need Help Finding The Perfect Broker?
Take our broker quiz and find out your best broker match!
FIND A BROKER

free Trading PLan

Download Now
Create a Trading Plan Using Our FREE Template
DOWNLOAD
A Market Surge Could Be About To Happen

A potential stock market surge could be gearing to happen soon as investors and analysts stay bullish. Some analysts are calling for a bottoming-out soon where price finds itself at a key level of support. Buyers look like they are ready to step in although stuck in volatile behavior that is rocking the discipline of […]

Read More
Read This Now Before You Buy Gold

Gold flies higher today amid inflation concerns in the US and globally. Even as treasury yields hit a 2-year high, the metal jumped above a key resistance level and is looking to test another. Gold Outlook Although we are seeing considerably high gains for gold in the short term, it still seems unlikely that the […]

Read More
How Much Money Do You Need to Trade Forex?

One of the most common questions we hear from beginner traders is "How Much Money Do You Need to Trade Forex?" and our answer is: well, it depends. The amount of money you need depends on your goals as a trader. Is your goal to make a lot of money or are you going to […]

Read More

Create a Trading Plan Using Our FREE Template

DOWNLOAD FREE
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram