This article has been translated from English to Gen Z Slang.
Yo fam, markets weren't really vibin' with the risk scene on Tuesday. 🌧️ The safe-haven dollar was basically the star of the show, while commodities, crypto, and stocks totally dipped deep in the red. 😬
Meanwhile, Canada's latest CPI numbers got peeps thinking the BOC gonna cut rates, which hit their currency with some Ls too. 📉
Peep these headlines you prob missed in the last trading sessions! 🔥
Headlines:
- Australia Westpac Consumer Confidence Index for August 2025: 98.5 (93.2 forecast; 93.1 previous) 🤔
- Australia RBA Connolly:
- Euro area Current Account for June 2025: 38.9B (30.0B forecast; 1.0B previous)
- Ukraine President Zelensky confirmed U.S. support for security guarantees, reiterated a call for peace ✌️
- In an interview, U.S. Secretary of State Rubio mentioned that Trump suggested that Putin meets with Zelensky during their call
- European officials reportedly gearing up to work on security guarantees for Ukraine
-
Canada Inflation Rate YoY for July 2025: 1.7% (1.8% forecast; 1.9% previous); Inflation Rate MoM for July 2025: 0.3% (0.4% forecast; 0.1% previous)
- Canada Core Inflation Rate YoY for July 2025: 2.6% (2.7% forecast; 2.7% previous); Canada Core Inflation Rate MoM for July 2025: 0.1% (0.3% forecast; 0.1% previous)
- Canada CPI Median YoY for July 2025: 3.1% (3.1% forecast; 3.1% previous)
- Canada CPI Trimmed-Mean YoY for July 2025: 3.0% (3.0% forecast; 3.0% previous) 📉
- U.S. Building Permits Prel for July 2025: 1.35M (1.39M forecast; 1.39M previous)
- U.S. Housing Starts for July 2025: 1.43M (1.29M forecast; 1.32M previous) 🏠
- New Zealand Global Dairy Trade Price Index for August 19, 2025: -0.3% (0.6% forecast; 0.7% previous)
- U.S. Treasury Secretary Bessent confirmed plans to raise tariffs on India over its purchases of Russian oil 🛢️
- Fed official Bowman, who voted to cut in the latest Fed meeting, said she has not changed her monetary policy view
- U.S. API Crude Oil Stock Change for August 15, 2025: -2.4M (1.5M previous)
- Japan Machinery Orders MoM for June 2025: 3.0% (-0.5% forecast; -0.6% previous)
- Japan Balance of Trade for July 2025: -117.5B (250.0B forecast; 153.1B previous)
- Japan Imports YoY for July 2025: -7.5% (0.2% previous)
- Japan Exports YoY for July 2025: -2.6% (-0.5% previous)
- China Loan Prime Rate 1Y for August 20, 2025: 3.0% (3.0% forecast; 3.0% previous); China Loan Prime Rate 5Y for August 20, 2025: 3.5% (3.5% forecast; 3.5% previous)
- New Zealand RBNZ Interest Rate Decision for August 20, 2025: 3.0% (3.0% forecast; 3.25% previous)
Broad Market Price Action:
Dollar Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
Even with some peace talks making moves between Ukraine and Russia, most of those high-yielding assets got smacked down on Tuesday. 🤕 The safe-haven dollar was flexing hard, while traders were prepping for Powell’s Jackson Hole tea spill. ☕
Crude oil was on a rollercoaster 🚀 during the early Asian session, but then flipped bearish because of some chill geopolitical vibes that eased supply FOMO. Turns out, Ukraine locked U.S. support for their security feels while the Trump-Putin convo supposedly included a little convo invite for the Russian and Ukrainian leaders to link up.
European stocks were hyped on risk, landing them major W's for French, Spanish, and Italian indices with record-breaking closures. 🇪🇺 But the vibes shifted in U.S. market hours, tanking the S&P 500 index by 0.59% while the Nasdaq dipped 1.46%. 😅 Rumor has it Powell might drop a more cautious vibe in his upcoming chat. 🎤
Yet, Treasury yields actually dipped, with the 2-year yield down 1.9 basis points and the 10-year yield slumping 2.9 basis points, due to Fed official Bowman keeping it dovish. 💸 Gold and bitcoin were low-key feuding with the strong dollar, with the coin slipping to the $113K levels. 💰
FX Market Behavior: U.S. Dollar vs. Majors:
Overlay of USD vs. Majors Chart by TradingView
During the Asian session, dollar pairs were just vibing, not much happening since peeps were anxiously awaiting Powell's Jackson Hole deets. 🕶️
But things got wild when the London session hit. The dollar caught some gains against commodity currencies, while European currencies caught a glow-up thanks to the sunny Russia-Ukraine updates helping Europe rack up some stock market Ws. 🇪🇺🎉
The Canadian dollar played itself with more Ls after Canada’s July CPI deets showed a chill in annual inflation, making peeps expect another BOC interest rate slash soon. 📉 The Aussie and Kiwi joined in on the red vibes as sentiment turned risky on whispers about Powell's potentially chill vibe during his upcoming testimony. 😮💨
Ending the session, USD was a mix bag, clocking wins against commodity currencies, eking out some pips versus EUR (+0.12%) and GBP (+0.07%), but went soft against safe-havens like CHF (-0.09%) and JPY (-0.19%).
Upcoming Potential Catalysts on the Economic Calendar
- New Zealand RBNZ Press Conference at 3:00 am GMT
- Germany PPI at 6:00 am GMT
- U.K. Headline and Core Inflation Rate 6:00 am GMT 🕒
- U.K. Retail Price Index YoY for July 2025 at 6:00 am GMT
- U.K. Producer Price Index at 6:00 am GMT
- Euro area Labour Cost Index at 9:00 am GMT
- Euro area Headline and Core CPI (Final) at 9:00 am GMT
- U.S. EIA Crude Oil Stocks Change for August 15, 2025, at 2:30 pm GMT
- U.S. Fed official Waller’s Speech at 3:00 pm GMT
- U.S. FOMC Meeting Minutes at 6:00 pm GMT
- U.S. Fed official Bostic’s Speech at 7:00 pm GMT
- New Zealand Trade Balance at 10:45 pm GMT
So, with the RBNZ just snipping interest rates by 0.25%, everyone's got their eyes peeled for Governor Hawkesby’s press fest for some sneaky deets on future policy vibes 🔍📉.
Then we got the U.K. CPI report which is prob gonna set the stage for BOE’s hawks vs. doves drama. 💥 Likely gonna whip GBP into a frenzy of volatility. The saga continues with the FOMC meeting minutes dropping during the U.S. session - keep an eye on those USD pairs then! 💰
As usual, keep your eyes peeled for any global trade or geopolitical scoops that might shake up market vibes. Stay woke and don't forget to tap into our Forex Correlation Calculator before making those big-money moves! 📊📈
