Data released (actual, consensus, previous):
01:30 GMT Australia ANZ Job Advertisements (Jul) -6.8% _ -1.6%
01:30 GMT Australia House Price Index (QoQ) (Q2) 2.4% 1.0% 0.8%
04:30 GMT Australia RBA Interest Rate Decision 2.50% 2.50% 2.75%
04:30 GMT Australia RBA Monetary Policy Statement
05:00 GMT Japan Leading Economic Index (Jun) Preliminar 107.0 108.0 110.7
05:00 GMT Japan Coincident Index (Jun) Preliminar 105.2 105.1 106.0
07:00 GMT UK Halifax House Prices (3m/YoY) (Jul) 4.6% 4.3% 3.7%
07:00 GMT UK Halifax House Prices (MoM) (Jul) 0.9% 0.5% 0.7%
08:30 GMT UK Industrial Production (YoY) (Jun) 1.2% 0.6% -2.3%
08:30 GMT UK Industrial Production (MoM) (Jun) 1.1% 0.7% 0.0%
08:30 GMT UK Manufacturing Production (MoM) (Jun) 1.9% 0.9% -0.7%
08:30 GMT UK Manufacturing Production (YoY) (Jun) 2.0% 0.9% -2.9%
The dollar advanced for the first time in three days versus
the yen amid speculation a recovery in the U.S. economy will prompt the
Federal Reserve to withdraw stimulus that tends to debase the U.S.
currency.
The dollar has strengthened 5.1% this year, the euro rose 5.7%, while the yen slumped 8.7%.
EURO:
The euro consolidates within the narrow range as European
stocks opened slightly lower, following a mixed showing in Asian
markets.
Today´s European economic calendar has been light on data, but seen improvements in Italian Industrial output.
EUR/USD consolidates below $1.3300. Initial
resistance remains at $1.3340. Above gains will extend to and $1.3400/15
(Jun 18 highs). Below $1.3200 support comes at $1.3160 (Jul 25 lows).
POUND:
The pound rose as high as $1.5390 after UK manufacturing
data surprised investors. After the recent improvement in the key
Services PMI, the manufacturing and industrial production exceeded the
median in June, advancing at an annual rate of 2.0% and 1.2%,
respectively, leaving behind May’s contraction. Ahead in the day the
NIESR GDP Estimate for the three months ended in July will be in the
limelight, ahead of tomorrow’s BoE Quarterly Inflation Report.
Data released earlier showed UK Halifax House Prices grew
0.9% in July, following a 0.7% increase the previous month. Analysts
expected less growth of 0.5%.
On an annual basis Halifax House Prices climbed 4.6% in July, after rising 3.7% in June and above consensus of +4.3%.
GBP/USD retreated to $1.5367, a bit lower
recent highs on $1.5390 (initial resistance). Below $1.5300 support is
around $1.5260 (Monday’s lows) and the key one - at $1.5100 (Aug 2
lows). Above $1.5375 resistance is around $1.5416 (Jul 26 highs) and
$1.5480 (Jun 25 highs).
YEN:
The yen erased its earlier gains.
USD/JPY is near Y98.40, above session lows on
Y97.80 (initial support). Below losses may widen to Y97.00 and channel
line from Jul 7 at Y96.80. Initial resistance comes at Y98.80 (Monday’s
hourly high) and Y99.90 (channel line from Jul 7), then - Y100.80 (Jul
19 highs).
COMMODITY CURRENCIES:
AUSSIE: The Reserve Bank of Australia cut its policy
interest rate by a quarter percentage point Tuesday to an all-time low
of 2.5%, as markets had widely expected.
In a statement accompanying the decision, RBA Gov. Glenn
Stevens cited the Australian currency as a factor, saying the Aussie
dollar "has depreciated by around 15% since early April, although it
remains at a high level" and that a further easing "would help to foster
a rebalancing of growth in the economy."
Stevens also left the door open for further cuts, saying
"the inflation outlook could provide some scope to ease policy further,
should that be required to support demand."
The Australian economy is threatened by a slowdown in the
nation's mining boom, with Stevens having warned last week of a sharp
drop in investment in the sector in the coming months.
In his statement Tuesday, Stevens said "the economy has been growing a bit below trend over the past year."
Комментариев нет:
Отправить комментарий