FxWirePro: The Day Ahead- 9th August, 2016

Lots of economic dockets and events scheduled for today and some with high volatility risks associated.

Data released so far:

• China: Producer price index for July came at -1.7 percent from a year back. Consumer price index came at 1.8 percent in July on yearly basis.
   
• Australia: National Australia Bank’s business confidence declined to 4 from 6. National Australia Bank’s business conditions declined to 8 from 12.

Upcoming:

• China: FDI data might get released today.
   
• Switzerland: Unemployment rate for July will be announced at 5:45 GMT.
   
• Germany: Trade balance for June will be released at 6:00 GMT. Prior -0.4 percent y/y.
   
• Japan: Machine tools orders for July will be released at 6:00 GMT. Domestic corporate goods price inflation will be reported at 23:50 GMT.
   
• France: Budget for June will be announced at 6:45 GMT.
   
• United Kingdom: Industrial and manufacturing production for June along with the trade balance will be announced at 8:30 GMT. NIESR GDP estimate for 3 month to July will be released at 14:00 GMT.
   
• Greece: Industrial production for June will be reported at 9:00 GMT.
   
• United States: NFIB business optimism index to be reported at 10:00 GMT, followed by unit labor cost and non-farm productivity at 12:30 GMT and TIPP economic optimism at 14:00 GMT.
   
• Auction: United States will auction 1 month bill at 15:30 GMT and 3 year note at 17:00 GMT.