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Forex Focus on Initial Jobless Claims

Forex Focus on Initial Jobless Claims
Forex Focus on Initial Jobless Claims

As the European trading session starts EURUSD traders await the Bank of France July industry sentiment indicator due at 6:30GMT, at 8:00GMT the ECB releases its economic bulletin following its July meeting.

In the American calendar we have the Initial Jobless Claims due at 12:30GMT and in Canada the New Housing Price Index m/m.

In Asian session we had the release of Singapore Retail Sales (YoY) which came in at -8.9% below forecasts of 0.2% in June.

China Trade Balance in USD came in at $45.06B above expectations of $40B in July, the Exports (YoY): was +3.3% versus-2.0% expected and -1.3% last reading, the Imports (YoY): -5.6% vs.-8.3% exp. and -7.3% last.

Japan Trade Balance on BOP Basis came in at ¥759.3B, below expectations (¥823.6B) in June. Japan Eco Watchers Survey: Outlook came in at 44.3 below forecasts of 46.9 in July.

The PBOC has set the Yuan reference rate at 7.0039 while on Wednesday’s the fixing was 6.9996