July 23: European session
- Bloomberg survey showed that more economists are predicting that Chairman Ben Bernanke will trim the Fed’s monthly bond buying by $20 billion in September.
- China’s premier Li Keqiang said 7 percent growth is the minimum policy makers will tolerate, damping demand for the safest assets.
- The Bank of Japan reported that the foreign central banks’ holdings of yen rose to the maximal level in 10 years. It means that JPY is still popular as a safe haven.
· Nikkei closed up by 0.82%;
· Euro Stoxx 50 is up by 0.53%.
- GBP. BBA Mortgage Approvals: 37.3K vs. 38.5K (prev.: 36.3K).
- CAD. Core Retail Sales m/m: 1.2% vs. 0.1% (prev.: -0.2%).
- CAD. Retail Sales m/m: 1.9% vs. 0.4% (prev.: 0.2%).
Upcoming releases: US HPI (13:00 GMT), EU Consumer Confidence and Richmond manufacturing Index (14:00 GMT)
EUR/USD is fluctuating around $1.3190. GBP/USD declined by 40 pips to $1.5340. USD/JPY is at 100.00 handle after jumping to 100.18.