Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: July trade balance came at $460 million with imports down by 1 percent and exports down by 2 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- Germany: July industrial production report will be published at 6:00 GMT.
- France: Trade balance report will be published at 6:45 GMT.
- Switzerland: July forex reserve data will be published at 7:00 GMT.
- United Kingdom: Halifax house price report will be published at 7:30 GMT.
- Greece: June unemployment report will be published at 9:00 GMT.
- Eurozone: Second quarter GDP numbers will be published at 9:00 GMT. ECB will announce interest rate decision at 11:45 GMT, followed by a press conference at 12:30 GMT.
- United States: Second quarter Unit labor cost and productivity report will be published at 12:30 GMT, along with weekly jobless claims report, and followed by TIPP economic optimism report at 14:00 GMT. EIA will release natural gas inventory report at 14:30 GMT and crude oil inventory report at 15:00 GMT. Fed’s Williams is scheduled to speak at 23:00 GMT.
- Japan: Second quarter GDP numbers will be published at 23:50 GMT, along with July current account balance.
- Auction: Spain will auction 5-year and 10-year bond today, while France will sell the 10-year bond.
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