Global Markets:
- Asian stock markets: Nikkei up 0.25 %, Shanghai Composite fell 0.40 %, Hang Seng lost 0.20 %, ASX up 0.05 %
- Commodities: Gold at $1106 (-2.20 %), Silver at $14.61 (-1.50 %), WTI Oil at $51.12 (-0.20 %), Brent Oil at $57.06 (-0.05 %)
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Rates: US 10 year yield at 2.35, UK 10 year yield at 2.08, German 10 year yield at 0.80
News & Data:
- UK House Price Index 0.1 %, Previous: 3.0 %
- NZ PM Key: NZD has fallen faster than expected – BBG
- Gold sinks as much as 5.5%, below $1,100/oz, for first time since Mar 2010
- German Economy Probably Grew Moderately in Q2 – Finance Ministry
- Saudi Arabia Crude Exports Fall To Five-Month Low On China — BBG
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Commodities Crash Could Turn Australia Into A New Greece — Telegraph
CFTC Positioning Data:
- EUR shorts 107,781 vs 99,266 shorts prior week.
- GBP shorts 24,199 vs. 22,973 shorts prior week
- JPY shorts 47,371 vs. 63,629 shorts prior week.
- CAD shorts 40,726 vs. 32,268 shorts prior week.
- CHF longs 3,081 vs 6,121 long prior week.
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AUD shorts 33,541 vs. 22,197 shorts prior week
Upcoming Events:
- 07:00 BST – German PPI
- 09:00 BST – Euro Zone Current Account
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13:30 BST – Canadian Wholesale Sales
The Week Ahead (Key Data/Events):
Tuesday, July 21st
- 00:30 BST – Japan Tankan Index
- 07:00 BST – Swiss Trade Balance
- 13:55 BST – US Redbook
Wednesday, July 22nd
- 02:30 BST – Australian CPI
- 09:00 BST – Italian Industrial Orders
- 09:30 BST – Bank of England Meeting Minutes
- 10:00 BST – Italian Retail Sales
- 15:00 BST – US Existing Home Sales
- 22:00 BST – RBNZ Interest Rate Decision
Thursday, July 23rd
- 00:50 BST – Japanese trade Balance
- 08:00 BST – Spanish Unemployment Rate
- 08:30 BST – Swedish Unemployment Rate
- 09:30 BST – UK Retail Sales
- 13:30 BST – US Initial Jobless Claims
- 13:30 BST – Canadian Retail Sales
- 15:00 BST – US CB Leading Index
- 15:00 BST – Euro Zone Consumer Confidence
- 23:45 BST – New Zealand Trade Balance
Friday, July 24th
- 02:45 BST – Chinese HSBC Manufacturing PMI
- 08:00 BST – French Manufacturing PMI
- 08:00 BST – French Services PMI
- 08:30 BST – German Manufacturing PMI
- 08:30 BST – German Services PMI
- 09:00 BST – Euro Zone Manufacturing PMI
- 09:00 BST – Euro Zone Services PMI
- 14:45 BST – US Services PMI
- 15:00 BST – US New Home Sales