FOREX: Wednesday's review

Data released:
03:30     Japan     BoJ meeting announcement    0.00-0.10%    0.00-0.10%    0.00-0.10%
05:00     Japan     Leading indicators composite index (July) preliminary    106.0    105.9    103.2
05:00     Japan     Coincident indicators composite index (July) preliminary    109.0    -    108.8
07:00     UK     Halifax house price index (July)    -1.2%    -    0.3%
07:00     UK     Halifax house price index (July) 3m Y/Y    -2.6%    -    -2.3%
08:30     UK     Industrial production (July)    -0.2%    0.0%    0.0%
08:30     UK     Industrial production (July) Y/Y    -0.7%    -0.6%    -0.3%
08:30     UK     Manufacturing output (July)    0.1%    0.0%    -0.4%
08:30     UK     Manufacturing output (July) Y/Y    1.9%    1.9%    2.1%
10:00     Germany     Industrial production (July) seasonally adjusted    4.0%    0.5%    -1.0 (-1.1)%
10:00     Germany     Industrial production (July) not seasonally adjusted, workday adjusted Y/Y    10.1%    6.7%    6.7%
13:00     Canada     BOC meeting announcement    1.00%    1.00%    1.00%
18:00     USA     Fed Beige book              
23:50     Japan     Machinery orders core (July) adjusted    -8.2%    -4.2%    7.7%
23:50     Japan     Machinery orders core (July) unadjusted Y/Y    4.0%    8.3%    17.9%
23:50     Japan     Current account (July) unadjusted, trln    0.990    1.176    0.527
23:50     Japan     Trade balance (July) unadjusted, trln    0.123    -    0.132

Australia’s dollar rose after a report showed the economy grew more than analysts forecast.
Second quarter GDP increased to 1.2% versus -0.9% on the previous quarter. The market anticipated an increase to only 1.0%. In year on year terms, GDP increased to 1.4% in Q2 from 1%. This development has cooled expectations of an interest rate cut. 

EUR/USD rose from $1.4000 to $1.4150 before retreated to $1.4010. Later rate managed to recover to $1.4110.
GBP/USD rose from $1.5940 to $1.6040 before back to $1.6012. Later rate fell to a news low at $1.5916.
USD/JPY initially fell from Y77.70 to Y77.10. Later rate was back to Y77.40, but failed to hold and weakened to Y77.15.

The main events of the day - rate decisions from BoE and ECB at 11:00 GMT and 11:45 GMT respectively.
At 12:30 GMT Canada's and US Trade Balances are due to come.