FX & CFD trading involves significant risk
Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
01:30 Australia Changing the number of employed June 39.9 -5 7.3
01:30 Australia Unemployment rate June 5.9% 6.1% 6.0%
01:30 China PPI y/y June -4.6% -4.5% -4.8%
01:30 China CPI y/y June 1.2% 1.3% 1.4%
06:00 Germany Current Account May 19.6 11.1
06:00 Germany Trade Balance May 22.1 21 22.8
06:00 Japan Prelim Machine Tool Orders, y/y June 15% 6.6%
The sterling advanced slightly ahead of today's BOE monetary policy meeting. Some investors expect the central bank to start raising rates in the middle of 2016. Officials forecast policy tightening to be gradual. Earlier BOE's McCafferty said that the bank might raise rates at the end of the current year depending on wage growth and the economic situation on the whole.
The yen is falling against the dollar after yesterday's gains.
The Australian dollar advanced after June employment data came in better than expected. The unemployment rate rose to 6.0% in June compared to 5.9% in May (still below expectations for a 6.1% reading). Employment Change came in at +7,300, while economists expected a flat reading after a 40,000 gain reported previously.
EUR/USD: the pair traded around $1.1060-80 in Asian trade
USD/JPY: the pair rose to Y121.30
GBP/USD: the pair traded around $1.5355-80
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
11:00 United Kingdom BoE Interest Rate Decision 0.5% 0.5%
11:00 United Kingdom Asset Purchase Facility 375 375
11:00 United Kingdom MPC Rate Statement
12:15 Canada Housing Starts June 201.7 190
12:30 Canada New Housing Price Index, MoM May 0.1% 0.1%
12:30 U.S. Initial Jobless Claims July 281 275
12:30 U.S. Continuing Jobless Claims June 2264 2248
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.