European session: the euro currency has risen sharply

Data

01:30 Australia Trade Balance June 0.50 Revised From 0.67 0.81 0.60

01:30 Australia ANZ Job Advertisements (MoM) July -1.8% -6.8%

01:30 Australia House Price Index (QoQ) Quarter II +0.8% Revised From +0.1% +1.3% +2.4%

01:30 Australia House Price Index (YoY) Quarter II +2.6% +3.0% +5.1%

04:30 Australia Announcement of the RBA decision on the discount rate 2.50% 2.50% 2.50%

04:30 Australia RBA Rate Statement

05:00 Japan Leading Economic Index June 110.7 108.0 107.0

05:00 Japan Coincident Index June 106.0 105.1 105.2

07:00 United Kingdom Halifax house price index July +0.6% +0.3% +0.9%

07:00 United Kingdom Halifax house price index 3m Y/Y July +3.7% +4.3% +4.6%

08:30 United Kingdom Industrial Production (MoM) June 0.0% +0.7% +1.1%

08:30 United Kingdom Industrial Production (YoY) June -2.3% +0.8% +1.2%

08:30 United Kingdom Manufacturing Production (MoM) June -0.8% +0.9% +1.9%

08:30 United Kingdom Manufacturing Production (YoY) June -2.9% +1.0% +2.0%

10:00 Germany Factory Orders s.a. (MoM) June -0.5% Revised From -1.3% +1.1% +3.8%

10:00 Germany Factory Orders n.s.a. (YoY) June -2.0% -0.3% +3.4%

Rate of the euro traded higher against the dollar, though retreated from earlier peak values. It should be noted that the Euro-currency support had submitted a report on Germany, which was much better than expected. As it became known, in June, the German promzakazy rose by 3.4% y / y vs. 2% y / y in May. Analysts had expected a contraction of 0.3%. In monthly terms, orders increased by 3.8% versus -0.5% previously forecast and +1%.

We also add that the cyclical improvement in the euro area data confirmed Italy's GDP in the second quarter, which showed a negative value. The Italian economy is still in recession, although the data on the dynamics of GDP for the II quarter are encouraging. Italian GDP for the period decreased by 0.2% qoq and 2% - in annualized, from the data of the national statistics institute ISTAT. At the same time, analysts expected a decline in GDP of 0.4% on the quarter and by 2.2% - year on year.

Italy's economy, "compressed" for the eighth consecutive quarter, although the decline in GDP was less than that predicted by experts, and less significant than in I quarter, when the economy shrank by 0.6% qoq.

Add that after the publication of the data market participants' attention shifted to the report on the U.S. trade balance for June and a voting member of the Fed's statement, Charles Evans.

Value of the pound has fallen significantly against the dollar, while offsetting the early growth. Note that the currency is reduced, even though the optimistic reports, which were released today. The Office for National Statistics reported on the results of June of the year, industrial output increased significantly, thereby exceeded the forecasts of experts, helped by recovery in the sector of mining and industrial production.

According to a report in the June monthly basis, the volume of industrial production increased by 1.1%, after three consecutive months of zero growth. It is worth noting that economists had forecast industrial production growth at only 0.7%. In addition, it was reported that production in the manufacturing industry increased 1.9% in June, fully offsetting the decline of 0.7% (revised from -0.8%), which was recorded in the previous month. This growth exceeded economists' forecast at 0.9%.

In annual terms, the volume of industrial production increased in June by 1.2%, which followed a 2.3% decline in the previous month. We also add that manufacturing output in June rose by 2%, partially offset by the decline of 2.9% recorded in May.

EUR / USD: during the European session, the pair rose to $ 1.3295

GBP / USD: during the European session, the pair rose to $ 1.5392, and then decreased slightly to $ 1.5332

USD / JPY: during the European session, the pair fell to Y98.00 from Y98.60

At 12:30 GMT, Canada and the U.S. will report on its trade balance for June. At 14:00 GMT Britain will release data on the change in GDP from NIESR for July. At 14:00 GMT the United States will present a report on the level of vacancies and labor turnover in June. At 22:45 GMT New Zealand will report on changes in the number of employees for the 2nd quarter, and the unemployment rate for the 2nd quarter.