- There was a bit of action in EURCHF late evening. It seems there was a miss hit and the cross traded up to 1.2092 (!), but traders filled orders only up to 1.2025 in the market. AUDUSD took out the 1.0600 barrier after RBA. Apart from that - currencies traded in narrow ranges overnight.
- Stocks: Nikkei +0.80 %, Hang Seng +0.30 %, Shanghai Composite +0.08 %, Dow Jones +0.16 %, S+P500 +0.23 %
- Italian Prime Minister Mario Monti told German Chancellor Angela Merkel at June 28 summit that he'd block all deals unless she agreed to work to curb growing borrowing costs in Spain, Italy, WSJ reports.
* "This is not helpful, Mario,'' Merkel said, according to people present
* "What we ask is that European authorities certify Italy's good conduct by translating that into interventions to keep spreads within reasonable limits. I have often told Merkel that, if this isn't done, she risks finding herself before an Italian parliament that repudiates Europe, monetary stability and the euro and is not friendly toward Germany,'' Monti told WSJ in July, according to the report
* Merkel, via spokesman, declined to comment
- WSJ: The International Monetary Fund, facing discontent among its members about the huge sums it has lent to the euro zone, is pushing the currency bloc's governments to take steps to lighten the burden of the bailout loans they made to Athens, officials familiar with continuing discussions said. The IMF pressure-which officials said has been clear in private discussions among Greece's official lenders-comes in response to mounting evidence that Greece's deep recession has thrown the country's bailout program woefully off track from targets set earlier this year.
- Australia's central bank on Tuesday kept its main cash rate at 3.5 percent for a second month, saying it was too soon to gauge the full impact of past cuts while noting early signs the stimulus was working. "As a result of the sequence of earlier decisions, monetary policy is easier than it was for most of 2011, with interest rates for borrowers a little below their medium-term averages," RBA Governor Glenn Stevens said. "China's growth has moderated to a more sustainable pace, but does not appear to be slowing further," said Stevens.
- Japan's central bank will probably leave unchanged its view that the economy is picking up moderately and refrain from additional monetary easing, Nikkei reports, without attribution.
- Japan's government will extend a 10 trillion yen ($128 billion) program to help companies cope with the yen's strength through the end of fiscal 2012, Finance Minister Jun Azumi said.
- Eric Rosengren, president of the Federal Reserve Bank of Boston (non-voter), urged the Fed to start an aggressive, open-ended bond-buying program, the WSJ said, citing an interview with him.
- New steps by the U.S. Federal Reserve to stimulate the economy so close to a presidential election would be a mistake, Fed Dalla Fisher said on Monday, warning it could create a false impression of bowing to political pressure.
- 2100 US Consumer Credit June
- 2030 Fed Bernanke speaks on Financial Education
- 1000 Italy Industrial Production June
- 1100 Italy GDP Q2 P
- 1200 Germany Factory Orders June
- 1030 UK Industrial Production June
- 1030 UK Manufacturing Production June
- 1600 UK NIESR GDP Estimate July
- 0930 Sweden Budget Balance July
- 1000 Norway Industrial Production June
- 1000 Norway Industrial Production Manufacturing June
- 0745 Switzerland Unemployment Rate July
- 0900 Switzerland Currency Reserve July
- 0915 Switzerland CPI July
- 1430 Canada Building Permits June
- 1600 Canada Ivey Purchasing Manager Index July
Have a nice day !