Five things traders need to know today US stocks retreate | FOREX/GOLD

Five things traders need to know today


US stocks retreated Tuesday as investors were cautious ahead of Fed policy announcement. Retail sales missed estimates in May, down -1.3%, while PPI increased 6.6% YoY against 6.3% expectation. Major European indices were in the green and the Australian benchmark hit another all-time high.


Gold declined for a third straight session to $1,858.67. WTI crude (SpotCrude) surged 1.77% to 72.43, the highest since October 2018. US crude stockpile fell by 8.5 million barrels last week. Copper was down 4.18% overnight. Bitcoin closed just below $40,000.


The US dollar index (USDX) was nearly flat at 90.46 with the Fed meeting underway. The yield on 10-year Treasury remained under 1.50%. USDJPY was little changed at 110.06.


EUR edged higher to 1.2125, with the EU and US ending their 17-year dispute over aircraft subsidies to Boeing and Airbus. GBP fell to a one-month low of 1.4083 on worries of the delayed reopening and Brexit uncertainty.


AUD dropped below 0.77. Australia strikes a free trade deal with the UK when leaders meet in London. NZD closed at a two-month low of 0.7118. USDCAD was up at 1.2186.

Credit-Pepperstone