Novosti i prognoe: devizno tržište od 21-08-2017

06:00 Switzerland Trade Balance July 2.8

08:30 United Kingdom PSNB, bln July -6.28

09:00 Eurozone ZEW Economic Sentiment August 35.6

09:00 Germany ZEW Survey - Economic Sentiment August 17.5 15

10:00 United Kingdom CBI industrial order books balance August 10

12:00 Eurozone ECB's Vitor Constancio Speaks

12:30 Canada Retail Sales YoY June 7.3%

12:30 Canada Retail Sales, m/m June 0.6% 0.3%

12:30 Canada Retail Sales ex Autos, m/m June -0.1%

13:00 U.S. Housing Price Index, m/m June 0.4%

14:00 U.S. Richmond Fed Manufacturing Index August 14

EURUSD: 1.1700 (EUR 720m) 1.1800 (560m)

USDJPY:109.00 (USD 415m) 109.50 (600m)

GBPUSD: 1.2800 (GBP 555m)

AUDUSD: 0.7850 (AUD 635m)

Wholesale sales declined 0.5% to $61.4 billion in June following eight consecutive monthly increases. Declines were recorded in five of seven subsectors, led by the food, beverage and tobacco subsector and the motor vehicle and parts subsector.

In volume terms, wholesale sales decreased 0.7% from May to June.

In the second quarter of 2017, current dollar wholesale sales increased 2.5% while constant dollar sales increased 1.7%. For both current and constant dollars, the increase in sales in this quarter was the fifth consecutive quarterly increase.

In dollar terms, the food, beverage and tobacco subsector reported the largest decline in June, as sales decreased 1.0% to $11.9 billion. This was mainly due to lower sales in the food industry, which decreased 1.1% and offset most of the 1.2% gain observed in May. For the subsector, June's decline was the first in five months.

• Britain wants to avoid unnecessary duplication of compliance activities for businesses post-Brexit

• Will need to facilitate continued oversight of products to ensure necessary action can be taken for non-compliant or unsafe goods post-Brexit

• Says provision of goods and services increasingly interconnected, where goods are supplied with services, we believe there should be no restriction to the provision of these services

• Believes the reason behind US's decision to scale back visa services in Russia is attempt to stir up russians' discontent with Moscow authorities

• Says Russia's decision to reduce the United States' diplomatic presence calls into question Russia's seriousness about pursuing better relations

• Non immigrant visa operations across Russia will be suspended on august 23

• Sight deposits of domestic banks at 470.257 bln CHF in week ending august 18 versus 476.299 bln CHF a week earlier

• Political backdrop has become more stable, risk of any future govt. Reversing policy measures adopted under ESM programme is limited​

• Says Greece's ‍positive outlook also reflects expectation that Eurogroup will grant substantial debt relief to Greece in 2018​

• Greece's ‍positive outlook reflects expectation third review of adjustment programme will be concluded without creating instability

Japan's all industry activity recovered in June, the Ministry of Economy, Trade and Industry showed Monday, cited by rttnews.

The all industry activity index rose 0.4 percent month-on-month in June, reversing a 0.8 percent fall in May. The monthly growth came in line with expectations.

A 1.7 percent contraction in construction activity was offset by the 2.2 percent increase in industrial production. At the same time, tertiary industry activity remained flat after falling 0.1 percent in May.

On a yearly basis, all industry activity growth eased to 2.2 percent in June from 3.2 percent in May.

In the second quarter, all industry activity grew 1.6 percent sequentially in contrast to a 0.1 percent fall in the first quarter.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1878 (3070)

$1.1852 (1963)

$1.1811 (1686)

Price at time of writing this review: $1.1756

Support levels (open interest**, contracts):

$1.1700 (1391)

$1.1681 (2475)

$1.1657 (3197)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date September, 8 is 126357 contracts (according to data from August, 18) with the maximum number of contracts with strike price $1,1600 (5235);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3041 (3121)

$1.2980 (1074)

$1.2938 (291)

Price at time of writing this review: $1.2877

Support levels (open interest**, contracts):

$1.2807 (2051)

$1.2780 (2741)

$1.2749 (1959)

Comments:

- Overall open interest on the CALL options with the expiration date September, 8 is 31779 contracts, with the maximum number of contracts with strike price $1,3150 (3205);

- Overall open interest on the PUT options with the expiration date September, 8 is 27722 contracts, with the maximum number of contracts with strike price $1,2850 (2741);

- The ratio of PUT/CALL was 0.87 versus 0.87 from the previous trading day according to data from August, 18

* - 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.