The US will print their MBA Mortgage Applications and Housing Starts [Video]
|A relatively light day on the calendar will kick off by Australia’s Westpac Leading Index (MoM) (JUN) during the Sydney session, followed by Euro-Zone Construction Output (MAY) during the London session at 9 AM GMT. The US will print their MBA Mortgage Applications (JUL 14) at 11 AM, and their Housing Starts (JUN) at 12:30 PM. During the following day’s Asian session Japan’s Merchandise Trade Balance Total (JUN) will be out at 11:50 PM GMT. The Japanese Yen has been finding it self in a bit of a dilemma, ahead of BOJ’s monetary policy announcement during the Asian session. On one hand, policymakers’ commitment to an ultra-dovish posture seems to have finally created the backdrop for reflation. On the other hand, the central bank’s tactics may be starting to look self-defeating. So gear up for some volatility. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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