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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Westpac Consumer Confidence September 7.8% -5.6%
01:30 Australia Home Loans July 4.8% Revised From 4.4% 0.8% 0.3%
02:00 Australia RBA Assist Gov Lowe Speaks
05:00 Japan Consumer Confidence August 40.3 41.7
06:00 Japan Prelim Machine Tool Orders, y/y August 1.7% Revised From 1.6% -16.5%
08:30 United Kingdom Industrial Production (MoM) July -0.4% 0.1% -0.4%
08:30 United Kingdom Industrial Production (YoY) July 1.5% 1.4% 0.8%
08:30 United Kingdom Manufacturing Production (MoM) July 0.2% 0.2% -0.8%
08:30 United Kingdom Manufacturing Production (YoY) July 0.5% 0.5% -0.5%
08:30 United Kingdom Total Trade Balance July -0.82 Revised From -1.6 -3.37
09:00 Australia RBA Assist Gov Debelle Speaks
11:00 U.S. MBA Mortgage Applications September 11.3% -6.2%
The U.S. dollar traded mixed against the most major currencies ahead of the release job openings data from the U.S. Job openings in the U.S. are expected to rise to 5.288 million in July from 5.249 million in June.
The euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone.
The British pound traded lower against the U.S. dollar after the release of the weak economic data from the U.K. The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Wednesday. Manufacturing production in the U.K. decline 0.8% in July, missing expectations for a 0.2% gain, after a 0.2% increase in June.
Manufacturing output was driven by a drop in the vehicle production.
On a yearly basis, manufacturing production in the U.K. decreased 0.5% in July, missing forecast of a 0.5% gain, after a 0.5% rise in June.
Industrial production in the U.K. dropped 0.4% in July, missing forecasts of a 0.1% rise, after a 0.4% fall in June.
On a yearly basis, industrial production in the U.K. gained 0.8% in July, missing expectations for a 1.4% rise, after a 1.5% increase in June.
The U.K. trade deficit in goods widened to £11.1 billion in July from £8.51 billion in June.
Exports of goods fell 9.2% in July, the biggest decline in percentage terms since July 2006, while imports rose 0.8%.
The rise in the trade deficit was driven by a decline in exports of chemicals and manufactured goods.
The total trade deficit, including services, widened to £3.37 billion in July from £0.82 billion in June. June's figure was revised up from a deficit of £1.6 billion.
The Canadian dollar traded lower against the U.S. dollar ahead of the Bank of Canada's interest rate decision. Analysts expect the central bank to keep its interest rate unchanged at 0.5%.
Housing starts in Canada are expected to decline to 190,000 units August from 193,000 units in July.
The Canadian building permits are expected to drop 5.0% in July, after a 14.8% rise in June.
EUR/USD: the currency pair fell to $1.1134
GBP/USD: the currency pair declined to $1.5348
USD/JPY: the currency pair increased to Y120.94
The most important news that are expected (GMT0):
12:15 Canada Housing Starts August 193 190
12:30 Canada Building Permits (MoM) July 14.8% -5%
14:00 United Kingdom NIESR GDP Estimate Quarter III 0.7%
14:00 Canada Bank of Canada Rate 0.5% 0.5%
14:00 Canada BOC Rate Statement
14:00 U.S. JOLTs Job Openings July 5.249 5.288
21:00 New Zealand RBNZ Interest Rate Decision 3% 2.75%
21:00 New Zealand RBNZ Rate Statement
21:00 New Zealand RBNZ Press Conference
23:50 Japan Core Machinery Orders August -7.9% 3.7%
23:50 Japan Core Machinery Orders, y/y August 16.6% 10.5%
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