It is a quiet day in forex calendar today as EURUSD traders await the Germany June factory orders data due at 6:00GMT while the Germany July construction PMI will be released at 7:30GMT.
In the US calendar the US JOLTS Job Openings will be released at 14:00
In our central banks calendar the FOMC Member Bullard will deliver a speech at 16:00GMT.
Reserve Bank of Australia kept interest rate unchanged at 1.00% at a record low as widely expected by markets. Here are the key points from RBA monetary policy statement:
RBA will adjust policy if needed to support sustainable growth.
Interest Rates to remain low for an extended period of time.
RBA to monitor developments in labor markets closely.
Outlook for global economy remains reasonable.
Conditions in Aussie housing market remains soft.
Australian economy expected to grow at 2.5% in 2019.
In other macro data the Australia Trade Balance came in at 8036M above expectations of 6000M in June. Japan June preliminary leading indicator index came in at 93.3 below expectations of 93.5. New Zealand RBNZ Inflation Expectations (QoQ) declined to 1.86% in 3Q from previous 2.01% reading.Don’t miss a beat! Follow us on Twitter.