CFD Markets News and Forecasts — 10-08-2015

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10.08.2015
23:06
Commodities. Daily history for Aug 10’2015:

(raw materials / closing price /% change)

Oil 44.83 -0.29%

Gold 1,103.60 -0.05%

23:04
Stocks. Daily history for Aug 10’2015:

(index / closing price / change items /% change)

Nikkei 225 20,808.69 +84.13 +0.41 %

Hang Seng 24,521.12 -31.35 -0.13 %

S&P/ASX 200 5,509.16 +34.38 +0.63 %

Shanghai Composite 3,928.82 +184.62 +4.93 %

FTSE 100 6,736.22 +17.73 +0.26 %

CAC 40 5,195.41 +40.66 +0.79 %

Xetra DAX 11,604.78 +113.95 +0.99 %

S&P 500 2,104.18 +26.61 +1.28 %

NASDAQ Composite 5,101.8 +58.26 +1.16 %

Dow Jones 17,615.17 +241.79 +1.39 %

23:03
Currencies. Daily history for Aug 10’2015:

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1016 +0,47%

GBP/USD $1,5587 +0,62%

USD/CHF Chf0,9835 -0,03%

USD/JPY Y124,56 +0,31%

EUR/JPY Y137,21 +0,73%

GBP/JPY Y194,15 +0,88%

AUD/USD $0,7407 -0,12%

NZD/USD $0,6607 -0,23%

USD/CAD C$1,3006 -0,96%

21:59
Schedule for today, Tuesday, Aug 11’2015:

(time / country / index / period / previous value / forecast)

01:30 Australia National Australia Bank's Business Confidence July 10

06:00 Japan Prelim Machine Tool Orders, y/y July 6.6%

09:00 Eurozone ZEW Economic Sentiment August 42.7

09:00 Germany ZEW Survey - Economic Sentiment August 29.7 32

12:15 Canada Housing Starts July 202.8

12:30 U.S. Nonfarm Productivity, q/q (Preliminary) Quarter II -3.1% 1.6%

12:30 U.S. Unit Labor Costs, q/q (Preliminary) Quarter II 6.7% 0.1%

14:00 U.S. Wholesale Inventories June 0.8% 0.4%

20:30 U.S. API Crude Oil Inventories August -2.4

23:50 Japan Monetary Policy Meeting Minutes

19:00
Dow +1.34% 17,606.98 +233.60 Nasdaq +1.18% 5,102.98 +59.44 S&P +1.25% 2,103.51 +25.94
17:12
WSE: Session Results

Polish equity market surged on Monday. The broad market measure, the WIG Index, rose by 0.97%. Almost all sectors in the WIG Index generated positive returns. The exception were telecommunications (-0.24%), and food sector (-0.21%).

The large-cap stocks' measure, the WIG30 Index, added 1.05%. Within the WIG30 Index components, PKO BP (WSE: PKO) led advancers, jumping by 4.44% after the bank reported first-half earnings that reduced less than expected. This news also helped to lift PKO's banking-sector peers, namely MBANK (WSE: MBK), ING BSK (WSE: ING), BZ WBK (WSE: BZW) and PEKAO (WSE: PEO), which rebounded by 1.09%-3.52%. On the other side of the ledger, ALIOR (WSE: ALR) led the decliners, dropping 0.64%. It was followed by TAURON PE (WSE: TPE) and GTC (WSE: GTC), losing 0.55% and 0.5% respectively.

17:10
Wall Street. Major U.S. stock-indexes rose

Major U.S. stock-inexes rose about 1% on Monday, bouncing back sharply from last week's steep lows, buoyed by optimism around China and Greece, and as Warren Buffett's latest billion-dollar deal showed the M&A boom was alive and well. Disappointing data out of China boosted hopes for additional stimulus from Beijing, while Greece and international creditors are close to finalizing a multi-billion euro bailout accord. Buffett's Berkshire Hathaway (BRK.A, BRK.B) said it would buy Precision Castparts (PCP) in a deal valuing the company at $32.3 billion.

Almost all of Dow stocks in positive area (28 of 30). Top looser - The Coca-Cola Company (KO, -0.30%). Top gainer - Caterpillar Inc. (CAT, +3.58).

All S&P index sectors also in positive area. Top gainer - Basic materials (+2,3%).


At the moment:

Dow 17540.00 +219.00 +1.26%

S&P 500 2097.00 +23.50 +1.13%

Nasdaq 100 4565.50 +46.50 +1.03%

10 Year yield 2,23% +0,06

Oil 44.80 +0.93 +2.12%

Gold 1106.00 +11.90 +1.09%

16:00
European stocks closed: FTSE 100 6,736.22 +17.73 +0.26% CAC 40 5,195.41 +40.66 +0.79% DAX 11,604.78 +113.95 +0.99%
16:00
European stocks close: stocks closed higher on signs for a new bailout deal for Greece

Stock indices closed higher on signs for a new bailout deal for Greece. Reuters reported on Monday that Greece hopes to reach a deal with its creditors "by Monday night or early Tuesday", according a Greek government official.

A third bailout programme needs to be approved by several EU member states.

Meanwhile, Sentix investor confidence index for the Eurozone fell to 18.4 in August from 18.5 in July.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Despite the global headwinds, the euro zone's economy appears to be in relatively good form. The euro zone has swallowed the turmoil surrounding Greece and a further collapse in economic momentum there relatively well," Manfred Huebner from Sentix said.

The Bank of France released its gross domestic product (GDP) forecasts for France on Monday. French economy is expected to expand at 0.3% in the third quarter.

The second quarter's forecast was revised down to a 0.2% rise from a 0.3% gain.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,736.22 +17.73 +0.26 %

DAX 11,604.78 +113.95 +0.99 %

CAC 40 5,195.41 +40.66 +0.79 %

15:42
Oil prices increase on a weaker U.S. dollar and as Chinese stock market recovered

Oil prices increased on a weaker U.S. dollar and as Chinese stock market recovered. Oil prices dropped 7% last week on concerns over the global oil oversupply.

Earlier, the weak Chinese economic data weighed on oil prices. China's trade surplus fell to $43.03 billion in July from $46.54 billion in June, missing expectations for a rise to a surplus of $53.25 billion. Exports fell at an annual rate of 0.9% in July, while Imports slid at an annual rate of 14.6%, the ninth consecutive decline.

Investors eyed the number of oil rigs data. The oil driller Baker Hughes reported that the number of active U.S. rigs rose by 6 rigs to 670 last week. The increase was driven by a rise in rigs in the Permian basin. Combined oil and gas rigs climbed by 10 to 884.

WTI crude oil for September delivery climbed to $44.44 a barrel on the New York Mercantile Exchange.

Brent crude oil for September rose to $49.77 a barrel on ICE Futures Europe.

15:25
Gold rises on a weaker U.S. dollar

Gold traded higher due to a weaker U.S. dollar. Gains are limited as market participants speculate the Fed could start raising its interest rate in September.

Investors eyed comments by the Fed Vice Chairman Stanley Fischer. He said in an interview Monday on Bloomberg Television on Monday that inflation in the U.S. is very low, but is temporary. Fischer pointed out that inflation was low due to declines in oil prices and in raw materials.

October futures for gold on the COMEX today rose to 1102.60 dollars per ounce.

15:17
Greece hopes to reach a deal with its creditors "by Monday night or early Tuesday"

Reuters reported on Monday that Greece hopes to reach a deal with its creditors "by Monday night or early Tuesday", according a Greek government official.

"When the new bailout comes to parliament for a vote it will be one bill with two articles - one article will be the loan agreement and the MoU (memorandum of understanding) and the second article will be the prior actions," a Greek official said.

A third bailout programme needs to be approved by several EU member states.

15:04
Japan’s consumer confidence index declines to 40.3 in July

Japan's Cabinet Office released its consumer confidence index on Monday. The consumer confidence index declined to 40.3 in July from 41.7 in June. It was the lowest level in six months.

The decline was driven by falls in all sub-indexes. The overall livelihood sub-index fell to 38.1 in July from 39.4 in June, the income growth sub-index was down to 39.6 from 40.3, the employment sub-index dropped to 44.7 from 47.3, while the willingness to buy durable goods sub-index decreased to 38.8 from 39.9.

14:52
European Central Bank purchases €10.81 billion of government bonds last week

The European Central Bank (ECB) purchased €10.81 billion of government bonds under its quantitative-easing program last week.

ECB'S asset buying programme is intended to run to September 2016.

The ECB bought €2.64 billion of covered bonds, and €889 million of asset-backed securities.

14:18
U.S. Labour Market Conditions Index declines to 1.1 points in July

The Fed released its Labour Market Conditions Index (LMCI) on Monday. The index fell to 1.1 points in July from 1.4 points in June. June's figure was revised up from 0.8 points.

The 19 different labour market indicators are used to construct the LMCI indicator. The index should help to get a comprehensive view of the state of the U.S. labour market.

14:02
U.S.: Labor Market Conditions Index, July 1.1
13:50
Option expiries for today's 10:00 ET NY cut

EUR/USD: $1.0800(E551mn), $1.0900(E546mn), $1.1000(E1.5bn)

USD/JPY: Y124.00($2.99bn), Y125.00($1.34bn), Y125.25($958mn)

EUR/JPY: Y136.00(E375mn)

GBP/USD: $1.5405(Gbp230), $1.5515(Gbp477mn)

EUR/GBP: Gbp0.7000(E405mn)

AUD/USD: $0.7200(A$1.7bn), $0.7400(A$459mn)

NZD/USD: $0.6590(NZ$400mn)

USD/CAD: C$1.3100/15($565mn)

13:40
OECD’s composite leading indicator remains unchanged at 100.0 in June

The Organization for Economic Cooperation and Development (OECD) released its leading indicators on Monday. The composite leading indicator remained unchanged at 100.0 in June.

It signalled stable growth in Germany, Japan and India.

The growth momentum firmed in the Eurozone.

The index for the U.S. and the U.K. pointed to an easing in growth momentum.

The index for Brazil and China showed signs of a loss in growth momentum.

13:31
U.S. Stocks open: Dow +0.44%, Nasdaq +0.75%, S&P +0.53%
13:24
Before the bell: S&P futures +0.65%, NASDAQ futures +0.59%

U.S. equity-index futures rose as China's government seeks ways to support the market. Currencies of commodity-producing nations slid.

Global Stocks:

Nikkei 20,808.69 +84.13 +0.41%

Hang Seng 24,521.12 -31.35 -0.13%

Shanghai Composite 3,928.82 +184.62 +4.93%

FTSE 6,688.22 -30.27 -0.45%

CAC 5,185.17 +30.42 +0.59%

DAX 11,559.69 +68.86 +0.60%

Crude oil $44.10 (+0.52%)

Gold $1095.50 (+0.13%)

13:13
Fed Vice Chairman Stanley Fischer: inflation in the U.S. is very low, but is temporary

Fed Vice Chairman Stanley Fischer said in an interview Monday on Bloomberg Television on Monday that inflation in the U.S. is very low, but is temporary. Fischer pointed out that inflation was low due to declines in oil prices and in raw materials.

The Fed vice chairman noted that the Fed's quantitative led to the improvement in the U.S. labour market.

Fischer also said that the Fed monitors economic developments abroad.

"Of course, what happens abroad affects us. If the rest of the works is slower, that's not good for the U.S. economy," he said.

13:11
Wall Street. Stocks before the bell

(company / ticker / price / change, % / volume)

ALTRIA GROUP INC.

MO

55.50

+0.02%

1.0K

Starbucks Corporation, NASDAQ

SBUX

57.21

+0.02%

10.6K

Deere & Company, NYSE

DE

95.90

+0.05%

1.5K

UnitedHealth Group Inc

UNH

121.90

+0.07%

0.2K

McDonald's Corp

MCD

99.16

+0.24%

0.2K

The Coca-Cola Co

KO

41.87

+0.24%

0.7K

Intel Corp

INTC

28.98

+0.35%

4.9K

E. I. du Pont de Nemours and Co

DD

53.63

+0.37%

0.1K

Nike

NKE

115.00

+0.43%

0.1K

AT&T Inc

T

34.38

+0.50%

5.7K

Procter & Gamble Co

PG

75.87

+0.52%

0.2K

Verizon Communications Inc

VZ

46.60

+0.52%

0.5K

Merck & Co Inc

MRK

58.29

+0.55%

0.5K

Exxon Mobil Corp

XOM

77.26

+0.56%

75.4K

Pfizer Inc

PFE

35.39

+0.57%

1.2K

Wal-Mart Stores Inc

WMT

71.66

+0.58%

3.1K

Microsoft Corp

MSFT

47.02

+0.60%

37.5K

General Electric Co

GE

25.95

+0.62%

24.9K

Home Depot Inc

HD

117.65

+0.62%

0.3K

Johnson & Johnson

JNJ

99.49

+0.65%

0.2K

Ford Motor Co.

F

14.90

+0.68%

10.3K

Walt Disney Co

DIS

110.11

+0.70%

30.8K

Cisco Systems Inc

CSCO

28.35

+0.71%

4.5K

Visa

V

74.76

+0.74%

0.1K

Yandex N.V., NASDAQ

YNDX

13.43

+0.75%

0.8K

JPMorgan Chase and Co

JPM

68.57

+0.76%

4.9K

General Motors Company, NYSE

GM

31.98

+0.76%

2.3K

Goldman Sachs

GS

205.00

+0.77%

2.2K

Boeing Co

BA

143.52

+0.77%

1.3K

Yahoo! Inc., NASDAQ

YHOO

36.97

+0.82%

21.7K

Amazon.com Inc., NASDAQ

AMZN

527.00

+0.84%

3.7K

Facebook, Inc.

FB

95.09

+0.84%

86.5K

Citigroup Inc., NYSE

C

58.40

+0.85%

20.8K

Chevron Corp

CVX

84.49

+0.88%

0.8K

Google Inc.

GOOG

641.25

+0.94%

0.2K

Apple Inc.

AAPL

116.65

+0.98%

325.0K

Caterpillar Inc

CAT

78.10

+1.05%

2.4K

ALCOA INC.

AA

09.54

+1.38%

32.9K

International Business Machines Co...

IBM

157.56

+1.57%

51.0K

Barrick Gold Corporation, NYSE

ABX

07.16

+1.70%

65.5K

Twitter, Inc., NYSE

TWTR

27.58

+2.00%

63.3K

Hewlett-Packard Co.

HPQ

29.39

-0.07%

0.5K

American Express Co

AXP

79.30

-0.53%

6.8K

Tesla Motors, Inc., NASDAQ

TSLA

238.75

-1.55%

30.9K

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

11.34

-1.78%

110.3K

13:05
Upgrades and downgrades before the market open

Upgrades:

Twitter (TWTR) upgraded from Neutral to Buy at Monness Crespi & Hardt, target $35


Downgrades:


Other:

Google A (GOOGL) initiated at Outperform at Robert W. Baird, target $720

12:38
Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the release of the Sentix index from the Eurozone

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

05:00 Japan BoJ monthly economic report

05:00 Japan Consumer Confidence July 41.7 40.3

08:00 Eurozone Sentix Investor Confidence July 18.5 18.4

11:15 U.S. FED Vice Chairman Stanley Fischer Speaks

The U.S. dollar traded mixed against the most major currencies after comments by the Fed Vice Chairman Stanley Fischer. He said on Monday that inflation in the U.S. is very low, but it is temporary. Fischer pointed out that inflation was low due to declines in oil prices and in raw materials.

The greenback remained supported by Friday's U.S. labour market data. The U.S. economy added 215,000 jobs in July, missing expectations for a rise of 223,000 jobs, after a gain of 231,000 jobs in June. June's figure was revised up from a rise of 223,000 jobs.

The U.S. unemployment rate remained unchanged at 5.3% in July, in line with expectations. It was the lowest level since April 2008.

Average hourly earnings rose 0.2% in July, in line with forecasts, after a flat reading in June.

The euro traded lower against the U.S. dollar after the release of the Sentix index from the Eurozone. Sentix investor confidence index for the Eurozone fell to 18.4 in August from 18.5 in July.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Despite the global headwinds, the euro zone's economy appears to be in relatively good form. The euro zone has swallowed the turmoil surrounding Greece and a further collapse in economic momentum there relatively well," Manfred Huebner from Sentix said.

The Bank of France released its gross domestic product (GDP) forecasts for France on Monday. French economy is expected to expand at 0.3% in the third quarter.

The second quarter's forecast was revised down to a 0.2% rise from a 0.3% gain.

The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.

EUR/USD: the currency pair decreased to $1.0924

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair rose to Y124.78

The most important news that are expected (GMT0):

13:00 U.S. FOMC Member Dennis Lockhart Speaks

16:25 U.S. FOMC Member Dennis Lockhart Speaks

12:15
Greek industrial production rises 4.5% in June

The Hellenic Statistical Authority released its preliminary industrial production data for Greece on Monday. Greek industrial production climbed 4.5% in June, after a 1.6% drop in May.

On a yearly basis, industrial production in Greece plunged at an adjusted rate of 4.5% in June, after a 4.3% fall in May. It was the biggest decline since August 2014.

Production in the manufacturing sector fell at an annual rate of 3.6% in June, output in the mining and quarrying sector slid 4.9%, while electricity production plunged by 8.2%.

11:50
Orders AUDUSD EURGBP EURJPY EURUSD GBPUSD USDJPY

EUR/USD

Offers 1.0985 1.1000 1.1020 1.1050 1.1065 1.1080-85 1.1100 1.1125 1.1150

Bids 1.0950 1.0900 1.0880 1.0850 1.0820-25 1.0800 1.0780 1.0750


GBP/USD

Offers 1.5520-25 1.5550 1.5580-85 1.5600 1.5625 1.5650 1.5680 1.5700-10

Bids 1.5485 1.5465 1.5450 1.5425-30 1.5400 1.5385 1.5360 1.5330 1.5300


EUR/GBP

Offers 0.7100-05 0.7125 0.7150-55 0.7180-85 0.7200 0.7230 0.7250

Bids 0.7070 0.7050 0.7030-35 0.7020 0.7000 0.6985 0.6965 0.6950 0.6930 0.6900


EUR/JPY

Offers 136.80 137.00 137.30 137.50 137.75 138.00 138.50

Bids 136.20 136.00 135.80 135.60 135.20 135.00 134.85 134.50


USD/JPY

Offers 124.50 124.70 124.85 125.00 125.30 125.50 125.75 126.00 126.25 126.50

Bids 124.25 124.00 123.75-80 1 123.45-50 123.25-30 123.00


AUD/USD

Offers 0.7400-05 0.7425 0.7450 0.7475 0.7500

Bids 0.7380 0.7345-50 0.7320 0.7300 0.7280 0.7250 0.7230 0.7200

10:00
European stock markets mid session: stocks traded mixed as shares of miners declined on the weak Chinese economic data

Stock indices traded mixed as shares of miners declined on the weak Chinese economic data. China's trade surplus fell to $43.03 billion in July from $46.54 billion in June, missing expectations for a rise to a surplus of $53.25 billion. Exports fell at an annual rate of 0.9% in July, while Imports slid at an annual rate of 14.6%, the ninth consecutive decline.

The Chinese consumer price index (CPI) rose at annual rate of 1.6% in July, exceeding expectations for a 1.5% increase, after a 1.4% gain in May.

The Chinese producer price index (PPI) dropped 5.4% in July, missing forecasts of a 5.0% fall, after a 4.8% decline in June. It was the biggest decline since October 2009.

Meanwhile, Sentix investor confidence index for the Eurozone fell to 18.4 in August from 18.5 in July.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Despite the global headwinds, the euro zone's economy appears to be in relatively good form. The euro zone has swallowed the turmoil surrounding Greece and a further collapse in economic momentum there relatively well," Manfred Huebner from Sentix said.

The Bank of France released its gross domestic product (GDP) forecasts for France on Monday. French economy is expected to expand at 0.3% in the third quarter.

The second quarter's forecast was revised down to a 0.2% rise from a 0.3% gain.

Current figures:

Name Price Change Change %

FTSE 100 6,666.2 -52.29 -0.78 %

DAX 11,514.26 +23.43 +0.20 %

CAC 40 5,162.03 +7.28 +0.14 %

09:37
China's trade surplus declines to $43.03 billion in July

The Chinese Customs Office released its trade data on Saturday. China's trade surplus fell to $43.03 billion in July from $46.54 billion in June, missing expectations for a rise to a surplus of $53.25 billion.

Exports fell at an annual rate of 0.9% in July, while Imports slid at an annual rate of 14.6%, the ninth consecutive decline.

China's trade with the European Union declined by 7.6% year-on-year in the first seven months to 1.98 trillion yuan.

Trade with Japan plunged 11.1%, while trade with the US increased 2.7%.

09:24
Bank of France expects the country’s economy to expand at 0.3% in the third quarter

The Bank of France released its gross domestic product (GDP) forecasts for France on Monday. French economy is expected to expand at 0.3% in the third quarter.

The second quarter's forecast was revised down to a 0.2% rise from a 0.3% gain.

The manufacturing business confidence index remained unchanged at 98 in July.

The services business sentiment index remained unchanged at 96. But services companies expect a slight rise in activity in August.

The construction business sentiment index was up to 94 in July from 93 in June. Companies expect a decrease in activity in August.

09:21
Option expiries for today's 10:00 ET NY cut

EUR/USD: $1.0800(E551mn), $1.0900(E546mn), $1.1000(E1.5bn)

USD/JPY: Y124.00($2.99bn), Y125.00($1.34bn), Y125.25($958mn)

EUR/JPY: Y136.00(E375mn)

GBP/USD: $1.5405(Gbp230), $1.5515(Gbp477mn)

EUR/GBP: Gbp0.7000(E405mn)

AUD/USD: $0.7200(A$1.7bn), $0.7400(A$459mn)

NZD/USD: $0.6590(NZ$400mn)

USD/CAD: C$1.3100/15($565mn)

09:14
Sentix investor confidence index for the Eurozone is down to 18.4 in August

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 18.4 in August from 18.5 in July.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Despite the global headwinds, the euro zone's economy appears to be in relatively good form. The euro zone has swallowed the turmoil surrounding Greece and a further collapse in economic momentum there relatively well," Manfred Huebner from Sentix said.

The current conditions index climbed to 15.3 in August, the highest level since July 2011.

The expectations index dropped to 21.5 in August from 22.3 in July.

German investor confidence index declined slightly.

08:59
People's Bank of China’s second-quarter monetary policy report: the exchange rate of the yuan should be kept at a reasonable level and should be more flexible

The People's Bank of China released its second-quarter monetary policy report on Friday. The central bank said that the country's economy is "still relatively reliant on policies intended to stabilize growth and on government-led investment".

According to the report, the monetary policy should be kept "appropriate", and the exchange rate of the yuan should be kept at a reasonable level and should be more flexible.

08:48
Swiss National Bank's foreign exchange reserves increase to 531. 8 billion Swiss francs in July

The Swiss National Bank's foreign exchange reserves increased to 531. 8 billion Swiss francs in July from 516. 0 billion francs in June.

The increase was partly driven by the appreciation of the euro. The SNB intervention could also be a reason.

The central bank has discontinued the 1.20 per euro exchange rate floor on January 15th.

The SNB President Thomas Jordan said on June 29 that the Greek debt crisis was the reason for the discontinuation of the cap.

08:42
Number of active U.S. rigs rises by 6 rigs last week

The oil driller Baker Hughes reported that the number of active U.S. rigs rose by 6 rigs to 670 last week. The increase was driven by a rise in rigs in the Permian basin.

Combined oil and gas rigs climbed by 10 to 884.

08:34
Consumer credit in the U.S. climbs by $20.74 billion in June

The Fed released its consumer credits figures on Friday. Consumer credit in the U.S. rose by $20.74 billion in June, exceeding expectations for a $17.0 billion increase, after a $16.52 billion gain May.

May's figure was revised up from a $16.09 billion rise.

The increase was driven by gains in both revolving and non-revolving credit. Revolving credit climbed by $5.5 billion in June, while non-revolving credit jumped by $15.2 billion.

08:25
China's foreign exchange reserves fall by $42.5 billion in July

China's foreign exchange reserves declined by $42.5 billion to $3.65 trillion in July. It was the lowest level since August 2013. The reason for the decline in reserves could be an economic slowdown in China and concerns over the crisis in the stock market.

The People's Bank of China release its monthly data for the first time. It was used to release the quarterly data.

China's gold reserves to $59.2 billion in July from $62.4 billion in June.

08:18
Chinese consumer price index rises at annual rate of 1.6% in July

The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Sunday. The Chinese consumer price index (CPI) rose at annual rate of 1.6% in July, exceeding expectations for a 1.5% increase, after a 1.4% gain in May.

The increase was driven by rises in food and non-food prices. Food prices rose at an annual rate of 2.7% in July, while non-food prices increased 1.1%.

On a monthly basis, consumer price inflation increased 0.3% in July, after a flat reading in June.

The Chinese producer price index (PPI) dropped 5.4% in July, missing forecasts of a 5.0% fall, after a 4.8% decline in June. It was the biggest decline since October 2009.

08:11
Japan’s current account surplus declines to ¥558.6 billion in June

Japan's Ministry of Finance released its current account data for Japan late Sunday evening. Japan's current account surplus dropped to ¥558.6 billion in June from ¥1,880.9 billion in May, missing expectations for a surplus of ¥738 billion.

Japan benefits from a weaker yen.

Japan's trade balance surplus was ¥102.6 billion in June, after a deficit of ¥47.3 billion in the previous month.

Exports rose at an annual rate of 5.6% in June, while imports dropped 4.6%.

07:02
Oil prices declined amid oversupply concerns

West Texas Intermediate futures for September delivery fell to $43.64 (-0.52%), while Brent crude dropped to $48.41 (-0.41%) amid oversupply concerns. Baker Hughes, an oil-field services company, reported that the number of U.S. drilling rigs rose to 670 (the third straight weekly gain).

OPEC continues to pump at record levels and Iran intends to raise its exports as soon as it's able to.

Meanwhile the U.S. seems to be getting closer to lifting its 40-year-ban on crude exports. U.S. authorities may vote upon the issue as early as September.

06:42
Gold stayed slightly above its 5-1/2 low

Gold is currently at $1,095.60 (+0.14%) slightly above a 5-1/2-year low. U.S. employment data matched optimistic expectations suggesting the Federal Reserve could raise interest rates in September. Higher rates would be harmful for the non-interest bearing bullion; although some analysts believe that a minimum increase in U.S. rates is considered in current prices of gold.

Holdings of SPDR Gold Trust, the largest gold-backed exchange-traded fund in the world, dropped further to 21.47 million ounces, the lowest level since September 2008.

06:21
Global Stocks: U.S. indices declined amid strong jobs data

U.S. stock indices fell on Friday as a strong employment report suggested that Fed's plans to raise rates this year were intact.

The Dow Jones Industrial Average fell 46.37 points, or 0.3%, to 17373.38. The S&P 500 lost 5.99, or 0.3%, to 2077.57. The Nasdaq Composite declined 12.90, or 0.3%, to 5043.54.

The U.S. Labor Department said in a closely-watched report that U.S. employers added 215,000 jobs in July. The unemployment rate remained at 5.3%. Both results were in line with expectations.

Energy stocks in the S&P 500 were Friday's biggest losers with a 1.9% fall.

This morning in Asia Hong Kong Hang Seng declined 0.30%, or 74.85 points, to 24,477.62. China Shanghai Composite Index rose 3.20%, or 119.90 points, to 3,864.10. The Nikkei gained 0.22%, or 42.07 points, to 20,766.63.

Asian stocks traded mixed. Chinese equities climbed after some sources reported that the government accelerated development of state companies' reforms plan, which suggests increasing efficiency by attracting private funds.

06:18
Foreign exchange market. Asian session: the euro little changed AUDUSD EURGBP EURJPY EURUSD GBPUSD NZDUSD USDCAD USDCHF USDJPY

Economic calendar (GMT0):

Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual

05:00 Japan BoJ monthly economic report

05:00 Japan Consumer Confidence July 41.7 40.3

The euro little changed. Euro zone GDP report will be published this week. Data are likely to show that modest growth persisted. Median forecast suggests a 0.4% growth rate in the second quarter (just like in the first quarter). Meanwhile analysts also say that growth has probably slowed in France and Italy, which would underline uneven recovery in the single currency area, where Germany leads compared to other economies.

The yen weakened against the U.S. dollar after its Friday rally. Data showed that Japan Current account growth has persisted for 12 months and came in at ¥558.6 billion. The indicator has overcome its level seen before the 2011 catastrophe for the first time. This fact suggests substantial volumes of capital inflows from overseas.

The Australian dollar slightly declined against the greenback amid China data. China consumer price index came in at 1.6% y/y in July vs expectations for a 1.5% reading. Inflation growth has advanced compared to +1.4% in June, but it's well below the 3% threshold set by the government for this year. In 2014 the index posted 2%.

EUR/USD: the pair traded within $1.0950-75 in Asian trade

USD/JPY: the pair rose to Y124.40

GBP/USD: the pair traded within $1.5475-95

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

08:00 Eurozone Sentix Investor Confidence July 18.5

11:15 U.S. FED Vice Chairman Stanley Fischer Speaks

13:00 U.S. FOMC Member Dennis Lockhart Speaks

14:00 U.S. Labor Market Conditions Index July 0.8

16:25 U.S. FOMC Member Dennis Lockhart Speaks

05:16
Japan: Consumer Confidence, July 40.3
04:51
Options levels on monday, August 10, 2015: EURUSD GBPUSD

EUR / USD

Resistance levels (open interest**, contracts)07

$1.1088 (1935)

$1.1049 (2442)

$1.1011 (332)

Price at time of writing this review: $1.0966

Support levels (open interest**, contracts):

$1.0920 (1652)

$1.0886 (2060)

$1.0864 (5484)


Comments:

- Overall open interest on the CALL options with the expiration date September, 4 is 70605 contracts, with the maximum number of contracts with strike price $1,1100 (4652);

- Overall open interest on the PUT options with the expiration date September, 4 is 107425 contracts, with the maximum number of contracts with strike price $1,0500 (7159);

- The ratio of PUT/CALL was 1.52 versus 1.16 from the previous trading day according to data from August, 7


GBP/USD

Resistance levels (open interest**, contracts)

$1.5802 (1839)

$1.5704 (1409)

$1.5607 (2024)

Price at time of writing this review: $1.5485

Support levels (open interest**, contracts):

$1.5392 (1551)

$1.5295 (2169)

$1.5197 (1585)


Comments:

- Overall open interest on the CALL options with the expiration date September, 4 is 23725 contracts, with the maximum number of contracts with strike price $1,5750 (2073);

- Overall open interest on the PUT options with the expiration date September, 4 is 30490 contracts, with the maximum number of contracts with strike price $1,5300 (2169);

- The ratio of PUT/CALL was 1.29 versus 1.02 from the previous trading day according to data from August, 7


* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

02:01
Nikkei 225 20,712.03 -12.53 -0.06 %, Hang Seng 24,261.68 -290.79 -1.18 %, Shanghai Composite 3,811.56 +67.35 +1.80 %

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