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18.07.2014
15:37
Foreign exchange market. American session: the Canadian dollar traded higher against the U.S. dollar after consumer inflation data from Canada

The U.S. dollar traded mixed to higher against the most major currencies after of the Reuters/Michigan consumer sentiment index. The index declined to 81.3 in July from 82.5 in June, missing expectations for an increase to 83.5.

The CB leading indicators for the U.S. rose 0.3% in June, missing expectations for a 0.6% gain, after a 0.5% increase.

Concerns over tensions in Ukraine and Israel's ground campaign in Gaza weighed on markets. Demand for safe-haven currency supported the U.S. currency.

The euro traded lower against the U.S. dollar. The current account surplus in the Eurozone declined to €19.5 billion in May from €21.6 billion in April, missing expectations for a rise to €24.3 billion. April's figure was revised up from a surplus of €21.5 billion.

The British pound traded lower against the U.S. dollar in the absence of any major market reports in the UK.

The Canadian dollar traded higher against the U.S. dollar after consumer inflation data from Canada. Annual inflation rose 2.4% in June, after an increase of 2.3% in May. June's inflation reached the highest level since February 2012.

The Bank of Canada's inflation target is 2%. The Bank of Canada Governor Stephen Poloz said this week that the current increase in inflation is temporary.

On a monthly basis, consumer inflation increased 0.1% in June, missing expectations for a 0.4% rise, after a 0.5% gain in May.

Canadian core consumer inflation (excluding eight volatile products) gained 1.8% in June, after a 1.7% rise in May.

On a monthly basis, Canadian core consumer inflation fell 0.1% in June, missing expectations for a 0.4% increase, after a 0.5% rise in May.

Wholesale sales in Canada gained 2.2% in May, exceeding expectations for a 0.7% rise, after a 1.4% increase in April. April's figure was revised up from a 1.2% gain.

The New Zealand dollar traded mixed against the U.S dollar. Decreasing demand for risk assets as the crash of a Malaysian passenger jet in eastern Ukraine and a ground offensive in Gaza weighed on markets. Market participants are awaiting the next Reserve Bank of New Zealand's interest decision. Recently released weak economic data from New Zealand could mean that the RBNZ will keep unchanged its interest rate.

No major economic reports were released in New Zealand.

The Australian dollar traded higher against the U.S. dollar in the absence of any major economic reports in Australia.

The Japanese yen traded lower against the U.S. dollar after Bank of Japan's minutes. Members of BoJ's board agreed that the economic recovery will remain on track. The BoJ added that consumer inflation were expected to continue rising moderately and will slow only temporarily.

14:00
U.S.: Leading Indicators , June +0.3% (forecast +0.6%)
13:55
U.S.: Reuters/Michigan Consumer Sentiment Index, July 81.3 (forecast 83.5)
13:45
Option expiries for today's 1400GMT cut

EUR/USD $1.3500, $1.3525, $1.3530, $1.3550, $1.3575/80

USD/JPY Y101.30

AUD/USD $0.9300, $0.9450

GBP/USD $1.7090/00

EUR/GBP Stg0.7900, stg0.7950, stg0.8050

USD/CAD C$1.0700, C$1.0725, C$1.0740/45, C$1.0750, C$1.0770/75, C$1.0780/90

13:38
Canadian annual consumer inflation rose 2.4% in June

Statistics Canada released consumer inflation data on Friday. Annual inflation rose 2.4% in June, after an increase of 2.3% in May. June's inflation reached the highest level since February 2012.

The Bank of Canada's inflation target is 2%. The Bank of Canada Governor Stephen Poloz said this week that the current increase in inflation is temporary.

Inflation was driven by food, shelter and transportation costs. Food prices rose 2.9% on an annual basis. Shelter costs jumped 2.9% on an annual basis. Electricity prices increased by 4.2%. Gasoline prices gained by 5.4%.

On a monthly basis, consumer inflation increased 0.1% in June, missing expectations for a 0.4% rise, after a 0.5% gain in May.

Canadian core consumer inflation (excluding eight volatile products) gained 1.8% in June, after a 1.7% rise in May.

On a monthly basis, Canadian core consumer inflation fell 0.1% in June, missing expectations for a 0.4% increase, after a 0.5% rise in May.

12:31
Canada: Bank of Canada Consumer Price Index Core, y/y, June +1.8%
12:30
Canada: Wholesale Sales, m/m, May +2.2% (forecast +0.7%)
12:30
Canada: Consumer Price Index m / m, June +0.1% (forecast +0.4%)
12:30
Canada: Consumer price index, y/y, June +2.4%
12:30
Canada: Bank of Canada Consumer Price Index Core, m/m, June -0.1% (forecast +0.4%)
12:00
Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after Eurozone's current account surplus

Economic calendar (GMT0):

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

08:00 Eurozone Current account, adjusted, bln May 21.6 (Revised from 21.5) 24.3 19.5

The U.S. dollar traded mixed to higher against the most major currencies ahead of the Reuters/Michigan consumer sentiment index. Analysts expect the index to increase to 83.5 in July from 82.5 in June.

Concerns over tensions in Ukraine and Israel's ground campaign in Gaza weighed on markets.

The euro traded mixed against the U.S. dollar after Eurozone's current account surplus. The current account surplus in the Eurozone declined to €19.5 billion in May from €21.6 billion in April, missing expectations for a rise to €24.3 billion. April's figure was revised up from a surplus of €21.5 billion.

The British pound traded mixed against the U.S. dollar in the absence of any major market reports in the UK.

The Canadian dollar traded mixed against the U.S. dollar ahead consumer inflation data from Canada. Analysts expected the consumer price index to climb 0.4% in June.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair increased to Y101.4

The most important news that are expected (GMT0):

12:30 Canada Wholesale Sales, m/m May +1.2% +0.7%

12:30 Canada Consumer Price Index m / m June +0.5% +0.4%

12:30 Canada Consumer price index, y/y June +2.3%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m June +0.5% +0.4%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y June +1.7%

13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) July 82.5 83.5

14:00 U.S. Leading Indicators June +0.5% +0.6%

12:00
Orders

EUR/USD

Offers $1.3640, $1.3590/600, $1.3580

Bids $1.3500

GBP/USD

Offers $1.7200

Bids $1.7080, $1.7055, $1.7045/40

AUD/USD

Offers $0.9450, $0.9420, $0.9400

Bids $0.9360, $0.9320, $0.9300

EUR/JPY

Offers Y138.20, Y138.00, Y137.75/80

Bids Y136.50, Y136.00, Y135.75, Y135.50

USD/JPY

Offers Y102.00, Y101.80, Y101.50

Bids Y101.00, Y100.80, Y100.50


EUR/GBP

Offers stg0.7980/85, stg0.7915

Bids stg0.7884-80, stg0.7850, stg0.7800

09:27
Option expiries for today's 1400GMT cut

EUR/USD $1.3500, $1.3525, $1.3530, $1.3550, $1.3575/80

USD/JPY Y101.30

AUD/USD $0.9300, $0.9450

GBP/USD $1.7090/00

EUR/GBP Stg0.7900, stg0.7950, stg0.8050

USD/CAD C$1.0700, C$1.0725, C$1.0740/45, C$1.0750, C$1.0770/75, C$1.0780/90

EUR/JPY Y138.00

08:58
Foreign exchange market. Asian session: the Japanese yen traded higher against the U.S. dollar after Bank of Japan’s minutes

Economic calendar (GMT0):

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

08:00 Eurozone Current account, adjusted, bln May 21.6 (Revised from 21.5) 24.3 19.5

The U.S. dollar traded mixed against the most major currencies. The U.S. dollar was supported by concerns over tensions in Ukraine and a ground campaign in Gaza.

The New Zealand dollar traded lower against the U.S dollar due to decreasing demand for risk assets as the crash of a Malaysian passenger jet in eastern Ukraine and a ground offensive in Gaza weighed on markets. Market participants are awaiting the next Reserve Bank of New Zealand's interest decision. Recently released weak economic data from New Zealand could mean that the RBNZ will keep unchanged its interest rate.

No major economic reports were released in New Zealand.

The Australian dollar climbed against the U.S. dollar in the absence of any major economic reports in Australia.

The Japanese yen traded lower against the U.S. dollar after Bank of Japan's minutes. Members of BoJ's board agreed that the economic recovery will remain on track. The BoJ added that consumer inflation were expected to continue rising moderately and will slow only temporarily.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair was up to Y101.40

The most important news that are expected (GMT0):

12:30 Canada Wholesale Sales, m/m May +1.2% +0.7%

12:30 Canada Consumer Price Index m / m June +0.5% +0.4%

12:30 Canada Consumer price index, y/y June +2.3%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m June +0.5% +0.4%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y June +1.7%

13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) July 82.5 83.5

14:00 U.S. Leading Indicators June +0.5% +0.6%

08:00
Eurozone: Current account, adjusted, bln , May 19.5 (forecast 24.3)
05:23
Options levels on firday, July 18, 2014:

EUR / USD

Resistance levels (open interest**, contracts)

$1.3603 (733)

$1.3581 (355)

$1.3553 (79)

Price at time of writing this review: $ 1.3521

Support levels (open interest**, contracts):

$1.3497 (4181)

$1.3476 (2605)

$1.3448 (7663)

Comments:

- Overall open interest on the CALL options with the expiration date August, 8 is 25553 contracts, with the maximum number of contracts with strike price $1,3650 (3704);

- Overall open interest on the PUT options with the expiration date August, 8 is 34336 contracts, with the maximum number of contracts with strike price $1,3500 (7663);

- The ratio of PUT/CALL was 1.34 versus 1.34 from the previous trading day according to data from July, 17

GBP/USD

Resistance levels (open interest**, contracts)

$1.7401 (1015)

$1.7302 (1264)

$1.7204 (1479)

Price at time of writing this review: $1.7100

Support levels (open interest**, contracts):

$1.6996 (2594)

$1.6898 (2058)

$1.6799 (1288)

Comments:

- Overall open interest on the CALL options with the expiration date August, 8 is 15949 contracts, with the maximum number of contracts with strike price $1,7250 (2195);

- Overall open interest on the PUT options with the expiration date August, 8 is 22899 contracts, with the maximum number of contracts with strike price $1,7000 (2594);

- The ratio of PUT/CALL was 1.44 versus 1.41 from the previous trading day according to data from Jule, 17

* - 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.

00:22
Currencies. Daily history for Jule 17'2014:

(pare/closed(GMT +2)/change, %)

EUR/USD $1,3526 +0,01%

GBP/USD $1,7100 -0,21%

USD/CHF Chf0,8973 -0,09%

USD/JPY Y101,15 -0,49%

EUR/JPY Y136,81 -0,50%

GBP/JPY Y172,96 -0,71%

AUD/USD $0,9346 -0,16%

NZD/USD $0,8663 -0,55%

USD/CAD C$1,0759 +0,15%

00:00
Schedule for today, Friday, Jule 18’2014:

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

02:50 Japan Monetary Policy Meeting Minutes

11:00 Eurozone Current account, adjusted, bln May 21.5 24.3

15:30 Canada Wholesale Sales, m/m May +1.2% +0.7%

15:30 Canada Consumer Price Index m / m June +0.5% +0.4%

15:30 Canada Consumer price index, y/y June +2.3%

15:30 Canada Bank of Canada Consumer Price Index Core, m/m June +0.5% +0.4%

15:30 Canada Bank of Canada Consumer Price Index Core, y/y June +1.7%

16:55 U.S. Reuters/Michigan Consumer Sentiment Index July 82.5 83.5

17:00 U.S. Leading Indicators June +0.5% +0.6%

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