The second week of August starts slowly, without any American releases. Australian Home Loans and French Industrial Production will stand out. Let’s see what’s on the menu today.
Japanese figures start the day, actually 10 minutes to midnight… Core Machinery Orders are expected to turn positive and rise by 2.8%. Last time they fell by 3%. This will impact USD/JPY.
There are more figures in the land of the rising sun: Bank Lending, Current Account and M2 Money Stock are released at the same time. Later, Economy Watchers Sentiment and Prelim Machine Tool Orders are released.
In Australia, Home Loans are expected to rise by 1.9%, keeping the strong momentum. For more on AUD/USD, check out the Australian Dollar Outlook.
In Europe, French Industrial Production is expected to get back to normal, and fall by 0.1%. Last time it leaped by 2.6%. For more on the Euro, read the EUR/USD Outlook.
British figures close the day: BRC Retail Sales Monitor and RICS House Price Balance. The latter is expected to be negative, but show more improvement and stand on -9.8%, more than last month’s -18.1%. For more on GBP/USD, check out the British Pound Outlook.
Don’t worry – the week becomes more interesting later on. The Forex Weekly Outlook outlines the major events ahead.
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