July's strong US retail sales and declining jobless claims highlight the resilience of the US economy despite easing inflation pressures. Meanwhile, the UK saw a surprising drop in unemployment but slower wage growth, and the Eurozone experienced its sixth consecutive quarter of productivity decline. China's sharp drop in foreign direct investment reflects growing concerns over its economic outlook. Globally, economic dynamics are complex, with the US remaining strong
EURUSD sunk through support, verifying a prior false upside breakout as the US Dollar soared on local retail sales and industrial production data. NZDUSD at risk to incoming data.
Global equities began the new week with optimism as sentiment improved on the latest Brexit news and US retail sales data beat. This countered the
Asia Pacific stock markets struggled with worries about both the US and Chinese economies as trade negotiations between the two continued in Beijing.