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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia National Australia Bank's Business Confidence July 8 11
01:30 Australia House Price Index (QoQ) Quarter II +1.7% +1.1% +1.8%
01:30 Australia House Price Index (YoY) Quarter II +10.9% +10.1%
02:30 New Zealand REINZ Housing Price Index, m/m July -0.3% -0.7%
04:30 Japan Industrial Production (MoM) (Finally) June -3.3% +0.5% -3.4%
04:30 Japan Industrial Production (YoY) (Finally) June +3.2% +3.1%
The U.S. dollar traded higher against the most major currencies. Geopolitical tensions in Iraq and Ukraine weighed on markets.
The New Zealand dollar dropped to a 2-month low against the U.S dollar due to decreasing demand for risk-related assets as geopolitical tensions in Iraq and Ukraine weighed on markets.
Real Estate Institute of New Zealand released its housing price index on Tuesday. The index declined 0.7% in July, after a 0.3% fall in June.
The Australian dollar traded mixed against the U.S. dollar after the better-than-expected economic data from Australia. The National Australia Bank's business confidence index climbed to 11 in July from 8 in June.
House price index in Australia increased 1.8% in the second quarter, exceeding expectations for a 1.1% rise, after a 1.5% gain in the first quarter. The first quarter's figure was revised down from a 1.7% increase.
The Japanese yen traded slightly lower against the U.S. dollar after the economic data from Japan. Japan's industrial production decreased 3.4% in June, missing expectations for a 0.5% rise, after a 3.3% decline in May.
On a yearly basis, industrial production in Japan rose 3.1% in June, after a 3.2% increase in May.
Japan's corporate goods price index (CGPI) increased 4.3% in July from a year earlier. That was the 16th straight gain but the pace of rise slowed.
EUR/USD: the currency pair decreased to $1.3370
GBP/USD: the currency pair fell to $1.6770
USD/JPY: the currency pair rose to Y102.35
The most important news that are expected (GMT0):
09:00 Eurozone ZEW Economic Sentiment August 48.1 41.3
09:00 Germany ZEW Survey - Economic Sentiment August 27.1 18.2
14:00 U.S. JOLTs Job Openings June 4635 4740
18:00 U.S. Federal budget July 70.5 -98.2
23:50 Japan Monetary Policy Meeting Minutes
23:50 Japan GDP, q/q (Preliminary) Quarter II +1.6% -1.7%
23:50 Japan GDP, y/y Quarter II +3.0%
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