CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

USD hands back some gains on soft data; CAD rises as CPI beats

15:48 17 August 2018

Summary:

  • USD back to unchanged for the week after Uni Mich hits 11-month low

  • CAD spikes higher after CPI hits highest since 2011

  • Turkish crisis in 9 charts

  • Crypto gains as UEFA trials blockchain

  • Stock of the week: TUI

 

The final economic release of note for the week has seen a further weak print from the US after yesterday’s Philly Fed disappointment. The University of Michigan consumer sentiment index for the current month fell to its lowest level in 11-months with a reading of 95.3 coming in well below the 98.1 expected. Even though the prior reading was revised higher to 97.9 from 97.1 it doesn’t mask the fact that this is another weak data point which raises further questions surrounding the rally in the US dollar. The USDIDX may be close to forming a classic reversal signal on W1 after an impressive run higher of late.

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app
 

A blowout Canadian inflation print has seen a sharp move higher in the Canadian dollar in the past hour, with the currency rising across the board. Specifically the July CPI Y/Y increased by 3.0% vs 2.5% expected, with the prior reading also being 2.5%. This is the highest print for this metric since 2011 and is clearly a strong beat. However, the core readings are not as high which could suggest the data isn’t as strong as it first appears.

 

Turkey stunned investors in August by immersing in the currency crisis at its own wish. Although a reckless behaviour of president Erdogan is a direct trigger, Turkey had some well documented flaws. We explained the crisis in an earlier post in 9 charts.

 

Crypto markets are looking to extend their recovery today with a sea of green across the board. ootball is definitely one of the most popular sports all around the world. Therefore, nobody should be surprised that blockchain is more and more famous also there. UEFA, the European football body, has announced that it completed the trial of a new blockchain-powered system. The mobile ticketing app, built on blockchain technology, was tested at the UEFA Super Cup match (between Real Madrid and Atletico Madrid) in Tallinn, Estonia.

 

One of the companies that has enjoyed increased interest recently is TUI (TUI.UK and TUI.DE on xStation5). There are two reasons behind this. The first one is the earnings report release that took place at the end of the previous week while the ongoing crisis in Turkey is the second one. In this analysis we take a look at the TUI’s latest financial data, possible impact from the Turkish crisis as well as compare the company with its biggest rival.

 

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 935 000 investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language