Global Markets:
- Asian stock markets: Nikkei down 1.15 %, Shanghai Composite lost 2.50 %, Hang Seng fell 2.90 %, ASX declined 0.15 %
- Commodities: Gold at $1097 (+1.00 %), Silver at $14.58 (+0.65 %), WTI Oil at $47.85 (-0.65 %), Brent Oil at $54.45 (-0.30 %)
- Rates: US 10 year yield at 2.26, UK 10 year yield at 1.94, German 10 year yield at 0.70
News & Data:
- Australian Dollar Could Dip Below US70¢ — Westpac
- PBOC Fixes Yuan Reference Rate At 6.1176 (prev 6.1169)
- Japan Services PPI (YoY): 0.4% (expected 0.6%, previous 0.6%)
- Asian shares broadly softer as Fed looms – RTRS
- Dollar flags vs euro and yen, commodities and Fed in focus – RTRS
CFTC Positioning Data:
- Net short Euro 113k vs 108k previous
- Net short Yen 62k vs 47k previous
- Net short British Pound 21k vs 24k previous
- Net short Aussie Dollar 41k vs 34k previous
- Net short Canadian Dollar 44k vs 41k previous
- Net short Kiwi Dollar 16k vs 20k previous
- Net long Swiss Franc 3k vs 3k previous
Upcoming Events:
- 09:00 BST – German IFO Business Climate
- 09:00 BST – Euro Zone M3 Money Supply
- 13:30 BST – US Core Durable Goods Orders
- 13:30 BST – US Durable Goods Orders
The Week Ahead (Key Data/Events):
Tuesday, July 28th
- 08:30 BST – Swedish Retail Sales
- 09:30 BST – UK GDP
- 13:30 BST – Canadian RMPI
- 13:55 BST – US Redbook
- 14:45 BST – US Services PMI
- 15:00 BST – US CB Consumer Confidence
- 15:00 BST – US Richmond Manufacturing Index
Wednesday, July 29th
- 00:50 BST – Japanese Retail Sales
- 07:00 BST – German Consumer climate
- 08:00 BST – Spanish Retail Sales
- 09:00 BST – Norwegian Unemployment Rate
- 15:00 BST – US Pending Home Sales
- 19:00 BST – FOMC Statement
- 19:00 BST – Federal Reserve Interest Rate Decision
Thursday, July 30th
- 00:50 BST – Japanese Industrial Production
- 01:30 BST – RBA Governor Stevens speaks
- 02:30 BST – Australian Building Approvals
- 08:00 BST – Spanish GDP
- 08:00 BST – Spanish CPI
- 08:30 BST – Swedish GDP
- 08:55 BST – German Unemployment Rate
- 10:00 BST – Euro Zone Consumer Confidence
- 13:00 BST – German CPI
- 13:30 BST – US GDP
- 13:30 BST – US Initial Jobless Claims
Friday, July 31th
- 00:30 BST – Japanese Household Spending
- 00:30 BST – Japanese CPI
- 00:30 BST – Japanese Unemployment Rate
- 02:30 BST – Australian PPI
- 06:00 BST – Japanese Housing Starts
- 07:00 BST – German Retail Sales
- 10:00 BST – Italian CPI
- 10:00 BST – Euro Zone CPI
- 13:30 BST – Canadian GDP
- 14:45 BST – US Chicago PMI
- 15:00 BST – US Michigan Consumer Sentiment
