Forex Today: US dollar corrects, US-Japan eye a trade deal, and Bitcoin bounces
- US dollar reverses a part of Tuesday’s US retail sales data-led rally.
- US-Japan working towards a trade deal by September.
- Bitcoin recovers, but remains below the 10k mark.
Here is what you need to know to start your day on Wednesday, July 17th, European session:
- Aussie fell from weekly highs on China’s Camsing fraud scandal news, Kiwi emerged the strongest in Asia.
- US-Japan eyeing a trade deal by September, Fitch affirmed Japan at ‘A’, outlook ‘Stable’, USD/JPY defended 108.00 amid mixed Asian equities.
- US dollar index pulled back from overnight highs amid falling Treasury, Gold traded modestly flat.
- UK: The Cable attempted recovery above 1.24 ahead of key UK CPI report, hard Brexit fears to remain a weight.
- Oil prices stabilized following the overnight dip to weekly lows, EIA stocks data eyed.
- Crypto bears took a breather. Bitcoin remained below 10k. US senators grilled Facebook on crypto plans, as political and regulatory scrutiny of coins intensified.
Economic events to watch
|
GMT
|
Event
|
Vol.
|
Actual
|
Consensus
|
Previous
|
|---|---|---|---|---|---|
| Tuesday, Jul 16 | |||||
| 24h |
|
|
|
| |
| n/a |
NZD GDT Price Index
|
|
2.7%
|
-2.5%
|
-0.4%
|
| 15:30 |
|
1.915%
|
|
1.985%
| |
| 17:00 |
|
|
|
| |
| 19:00 |
|
|
|
3%
| |
| 19:30 |
|
|
|
| |
| 20:00 |
|
$3.5B
|
$32.3B
|
$46.9B
| |
| 20:00 |
|
$32.9B
|
$13.1B
|
$-9.0B Revised from $-7.8B
| |
| 20:30 |
|
-1.401M
|
|
-8.129M
| |
| Wednesday, Jul 17 | |||||
| 00:30 |
|
-0.08%
|
|
-0.08%
| |
| 07:00 |
EUR HICP (YoY)
|
|
|
|
1.7%
|
| 07:00 |
EUR HICP (MoM)
|
|
|
|
0%
|
| 07:00 |
|
|
3.2%
|
3.8%
| |
| 07:00 |
|
|
-0.1%
|
0.5%
| |
| 07:00 |
|
|
2.7%
|
2.7%
| |
| 07:00 |
|
|
0.1%
|
0.4%
| |
| 07:30 |
|
|
|
| |
| 08:00 |
|
|
-1.4%
|
-2.4%
| |
| 08:00 |
|
|
-0.5%
|
-1.0%
| |
| 08:00 |
|
|
-4.2%
|
-0.2%
| |
| 08:00 |
|
|
-2.5%
|
-0.7%
| |
| 08:00 |
|
|
7.0%
|
7.7%
| |
| 08:30 |
|
|
0.1%
|
0.3%
| |
| 08:30 |
|
|
2.9%
|
3.0%
| |
| 08:30 |
|
|
1.2%
|
1.4%
| |
| 08:30 |
|
|
0.1%
|
0.3%
| |
| 08:30 |
|
|
1.7%
|
1.8%
| |
| 08:30 |
|
|
0.1%
|
0.1%
| |
| 08:30 |
|
|
1.7%
|
2.0%
| |
| 08:30 |
|
|
0.5%
|
1.3%
| |
| 08:30 |
|
|
-0.8%
|
0.0%
| |
| 08:30 |
|
|
2%
|
2%
| |
| 08:30 |
|
|
1.8%
|
1.7%
| |
| 08:30 |
|
|
0.0%
|
0.3%
| |
| 09:00 |
|
|
0.1%
|
0.1%
| |
| 09:00 |
|
|
0.3%
|
0.3% Revised from -0.1%
| |
| 09:00 |
|
|
1.1%
|
1.1%
| |
| 09:00 |
|
|
1.2%
|
1.2%
| |
| 09:00 |
|
|
2.4%
|
3.9%
| |
| 09:00 |
|
|
-0.70%
|
-0.81%
| |
| n/a |
|
|
|
0.26%
| |
| 10:00 |
|
|
|
| |
| 10:00 |
|
|
|
€-1.582B
| |
| 11:00 |
|
|
|
-2.4%
| |
| 11:00 |
|
|
1.6%
|
2.4%
| |
| 11:30 |
INR M3 Money Supply
|
|
|
|
10.1%
|
| 12:30 |
|
|
1.9%
|
-0.9%
| |
| 12:30 |
|
|
1.261M
|
1.269M
| |
| 12:30 |
|
|
1.300M
|
1.299M Revised from 1.294M
| |
| 12:30 |
|
|
|
0.7% Revised from 0.3%
| |
| 12:30 |
|
|
1.6%
|
-0.6%
| |
| 12:30 |
|
|
2.6%
|
2.1%
| |
| 12:30 |
|
|
0.1%
|
0.4%
| |
| 12:30 |
|
|
2.0%
|
2.4%
| |
| 12:30 |
|
|
|
0.3%
| |
| 12:30 |
|
|
-0.2%
|
0.4%
| |
| 13:00 |
|
|
4.5%
|
4.5%
| |
| 14:30 |
|
|
-3.375M
|
-9.499M
| |
| 18:00 |
USD Fed's Beige Book
|
|
|
|
|
| 23:50 |
JPY Imports (YoY)
|
|
|
-0.4%
|
-1.5%
|
| 23:50 |
JPY Exports (YoY)
|
|
|
-5.6%
|
-7.8%
|
| 23:50 |
|
|
¥420.0B
|
¥-968.3B Revised from ¥-967.1B
| |
| 23:50 |
|
|
¥-524.8B
|
¥-609.1B
| |
| Thursday, Jul 18 | |||||
| 01:00 |
|
|
1.75%
|
1.75%
| |
| 01:30 |
|
|
|
2.4K
| |
| 01:30 |
|
|
10.0K
|
42.3K
| |
| 01:30 |
|
|
|
39.8K
| |
| 01:30 |
|
|
5.2%
|
5.2%
| |
| 01:30 |
|
|
66%
|
66%
| |
| 04:30 |
|
|
|
3.3%
| |
| 06:00 |
CHF Trade Balance
|
|
|
3,013M
|
3,410M
|
| 06:00 |
CHF Exports (MoM)
|
|
|
|
21,485M
|
| 06:00 |
CHF Imports (MoM)
|
|
|
|
18,074M
|
| n/a |
|
|
5.75%
|
6.00%
| |
| 08:00 |
|
|
2.0%
|
7.7%
| |
| 08:00 |
|
|
0.7%
|
1.4%
| |
| 08:30 |
|
|
-0.3%
|
-0.5%
| |
| 08:30 |
|
|
2.6%
|
2.3%
| |
| 08:30 |
|
|
-0.2%
|
-0.3%
| |
| 08:30 |
|
|
2.7%
|
2.2%
| |
| 08:30 |
|
|
|
| |
| 08:30 |
|
|
|
2.8%
| |
| n/a |
|
|
|
0.257%
| |
| n/a |
EUR 3-y Bond Auction
|
|
|
|
-0.408%
|
| n/a |
EUR 5-y Bond Auction
|
|
|
|
-0.182%
|
| n/a |
|
|
|
8.7%
| |
| 12:30 |
|
|
1.699M
|
1.723M
| |
| 12:30 |
|
|
|
219.25K
| |
| 12:30 |
|
|
215K
|
209K
| |
| 12:30 |
|
|
5.0
|
0.3
| |
| 12:30 |
|
|
|
-16K
| |
| 13:00 |
|
|
6.50%
|
6.75%
| |
| 13:00 |
|
|
|
$518.3B
| |
| 13:30 |
|
|
|
| |
| 14:30 |
|
|
73B
|
81B
| |
| 15:30 |
|
|
|
2.135%
| |
| 18:15 |
|
|
|
| |
| 21:00 |
|
|
|
2.5%
| |
| 21:00 |
|
|
0.5%
|
0.4%
| |
| 21:00 |
|
|
-0.1%
|
0.0%
| |
| 23:30 |
|
|
0.6%
|
0.5%
| |
| 23:30 |
|
|
0.6%
|
0.8%
| |
| 23:30 |
|
|
0.7%
|
0.7%
| |
| 23:50 |
|
|
|
¥192.2B
| |
| 23:50 |
|
|
|
¥297.1B
| |
| Friday, Jul 19 | |||||
| 03:00 |
|
|
5.4%
|
6.6%
| |
| 04:30 |
|
|
-0.2%
|
0.9%
| |
| 06:00 |
|
|
-0.2%
|
-0.1%
| |
| 06:00 |
|
|
1.4%
|
1.9%
| |
| 08:00 |
|
|
4.9%
|
7.3%
| |
| 08:00 |
|
|
|
€21B
| |
| 08:00 |
|
|
|
€19.2B
| |
| 08:30 |
|
|
£3.200B
|
£4.463B
| |
| 08:30 |
|
|
|
€-1.4B
| |
| 08:30 |
|
|
4.9%
|
4.9%
| |
| 11:30 |
INR Bank Loan Growth
|
|
|
|
12%
|
| 11:30 |
INR FX Reserves, USD
|
|
|
|
$429.91B
|
| 12:30 |
|
|
0.4%
|
0.1%
| |
| 12:30 |
|
|
0.3%
|
0.1%
| |
| 13:00 |
|
|
|
-7
| |
| 14:00 |
|
|
98.6
|
98.2
| |
| 15:00 |
COP Trade Balance
|
|
|
|
$-460.1M
|
| 15:05 |
|
|
|
| |
| 17:00 |
|
|
|
784
| |
| 19:30 |
|
|
|
$17.2K
| |
| 19:30 |
|
|
|
$244.8K
| |
| 19:30 |
|
|
|
390.1K
| |
| 19:30 |
|
|
|
£-73K
| |
| 19:30 |
|
|
|
¥-3.7K
| |
| 19:30 |
|
|
|
€-35.9K
| |
| 19:30 |
|
|
|
$-54K
| |
| 20:30 |
|
|
|
| |
| Saturday, Jul 20 | |||||
| 24h |
COP Independence Day
|
|
|
|
|
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
