Forex Focus on UK July monthly GDP data

Traders around the world will expect the ECB decision on Thursday. Today the USDCHF investors await Switzerland August unemployment rate at 5:45GMT, SNB total sight deposits w.e. 6 September will be released at 8:00GMT. In Germany the July trade balance data will be released at 6:00GMT. The Bank of France August industry sentiment indicator is due at 6:30GMT. Eurozone September Sentix investor confidence survey will be released at 8:00GMT. UK July monthly GDP data, UK July manufacturing, industrial, construction output data, and UK July trade balance data is due at 8:30GMT.

In Japan the Eco Watchers Survey came in at 42.8 in August from previous 41.2, the Eco Watchers Survey Outlook came down to 39.7 in August from previous 44.3. Japan Gross Domestic Product (quarter over quarter) came in at 0.3% matching forecasts in 2Q. The yearly reading came in at 1.3% as expected in 2Q, 2019.

In Australia the Home Loans came in at 5% in July from previous -0.9%. New Zealand Manufacturing Sales dipped from previous 2% to -2.7% in 2Q

The central bank of China set the Yuan rate (USDCNY) at 7.0851 at the lowest level in 11 years, versus yesterday fix at 7.0855.

Asian indices are trading higher today, Nikkei adding 0.56% at 21,319. EURUSD trades 0.02% higher at 1.1026, the USDJPY is 0.04% lower at 106.86 while the AUDUSD is 0.20% higher at 0.6859.Don’t miss a beat! Follow us on Telegram and Twitter.

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