Forex Focus: UK and Eurozone CPI Data

[vc_row][vc_column][vc_column_text]Forex Focus: UK and Eurozone CPI Data

Good day to all.

The European trading session starts with the GBPUSD traders await the United Kingdom June CPI and the June PPI data all to be released at 8:30GMT. The Eurozone June final CPI figures will be released at 9:00GMT along with the Eurozone May construction output data. You can find the previous reading and the market consensus figures in our forex calendar.

In the U.S trading calendar we have the US MBA mortgage applications for the week ended in 12 July. The weekly US housing data, measures the difference in number of applications for mortgages backed by the MBA during that week. Traders follow the MBA mortgage applications as they can get an idea of the housing sector sentiment.

Oil traders will look for EIA Crude Oil Stocks Change at 14:30GMT, while the Fed Beige Book is due at 18:00.

Alcoa, Bank of America, IBM, Texas Instruments and Steel Dynamics will release 2Q results in the US.

Earlier the Fitch Ratings agency affirmed Japan’s Long-Term Foreign Currency Issuer Default Rating at ‘A’ with a stable outlook.

The Australia Westpac Leading Index, month over month, declined to -0.1% in June from previous reading of -0.08%. The Westpac Leading Index, month over month, came in at -0.08% for June.

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