OIL PRODUCTS: Singapore Fuel Inventories Rebound, Led by Light Distillates

• The EUR continues to trade in strong territory, new fresh highs versus the JPY, SEK, CAD, AUD, NOK, and CHF.
• Aside from the EURUSD and the next resistance at 1.1829, it is worth keeping an eye on the development in the EURJPY chart.
• The next Obvious resistance is at the 2025 high of 173.97, also its highest print in just over a year, since July 2024.

US Data/Speaker Calendar (prior, estimate). All times ET

• 09/16 0830 Retail Sales Advance MoM (0.5%, 0.2%)
• 09/16 0830 Retail Sales Control Group MoM (0.5%, 0.4%)
• 09/16 0830 Import Price Index MoM (0.4%, -0.2%)
• 09/16 0830 Export Price Index MoM (0.1%, 0.1%)
• 09/16 0830 NY Fed Services (-11.7, -5.8)
• 09/16 0830 Trump departs the White House en route to London
• 09/16 0915 Industrial Prod (-0.1%, -0.1%)
• 09/16 0915 Cap Util (77.5%, 77.4%)
• 09/16 1000 NAHB housing index (32, 33)
• 09/16 1000 Business inventories (0.2%, 0.2%)
• 09/16 1550 Trump arrives in London
  Source: Bloomberg, White House Pool, MNI