Australia MI INflation Expectations 3.4 %, Previous: 3.0 %
Asian Development Bank lowers China growth forecast to 7.0% in 2015, 6.8% in 2016
BoJ Ex Deputy Gov Nishimura: Japan CPI underestimates inflation; BoJ risks sparking upward spiral in inflation: BBG
Greek parliament approves bailout measures as Syriza fragments – RTRS
Oil prices rise after U.S. stock draw, but outlook still bearish – RTRS
Asia shares tip-toe higher as China stocks rise, dollar up on Yellen
Treasuries Weaken With Euro After Greek Vote; Asia Stocks Climb – BBG
Overnight, NZD had the largest move in the FX market, losing 1.20 % against the US Dollar. New Zealand inflation data arrived lower than expected, adding to the already very bearish sentiment. The pair reached a low of 0.6506 and the next major support level lies now at 0.62.
The Canadian Dollar extended losses yesterday after the Bank of Canada unexpectedly cut rates by 25bps. The central bank also lowered its GDP and inflation forecasts. USD/CAD reached a high of 1.2960 yesterday and a break above 1.30 seems just as a matter of time. Good support seen at 1.2830, which will likely attract decent buying interest, should we reach it.
USD/JPY is trading again near 124.00 as the USD is recovering. Decent resistance seen at 124.35/40, but then not much until 125.00.
08:15 BST – Swiss Retail Sales
09:00 BST – Italian Trade Balance
10:00 BST – Euro Zone CPI
10:00 BST – Euro Zone Trade Balance
12:45 BST – ECB Interest Rate Decision
13:30 BST – US Initial Jobless Claims
13:30 BST – ECB Press Conference
15:00 BST – Fed Chair Yellen speaks
15:00 BST – US Philly Fed Manufacturing Index
15:00 BST – US NAHB Housing Market Index
19:00 BST – Bank of England Governor Carney speaks