Forex Special
Quote:
‘Happy the man, and happy he alone,
He who can call today his own;
He who, secure within, can say,
Tomorrow, do thy worst, for I have lived today.’ John Dryden (1631-1700)
The News:
Australian July jobless rose to 5.3% from 5.1% in June despite 23.5K new jobs created.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
06:00 JP July Consumer Confidence 43.4, Households 43.3, versus 43.6 and 43.5 June.
09:00 EZ16 ECB Monthly Report.
10:00 EZ16 June Industrial Production (-0.5% to +0.8% M/M, +8.9% to +9.5% Y/Y, versus +1.0% and +9.6% May).
13:30 US July Import Price Index (-0.2% to +0.6% M/M, +5.0% to +5.7% Y/Y, versus –1.3% and +4.5% June).
13:30 US Weekly Jobless Claims (450K to 480K, Continuing Claims 4490K to 4600K, vs 479K and 4537K prior week).
15:00 US Fed’s Duke speaks at a public hearing on the Community Reinvestment Act, Chicago, together with people from the FDIC, Office of the Comptroller of Currency and Office of Thrift.
18:00 US result of 30-year TBond auction.
The Psychology:
Japan PM Kan says yen gains ‘rough’ as he discusses FX with the finance ministry’s Tamaki.
The Risk:
US banks foreclosed on 92,858 properties in July, the second highest number after May’s 93,777.
Today’s Most Interesting Chart: Nikkei 225
Dipping to a new low for this year and key long term support.