Here’s a rundown of the economic news releases that could impact FX markets on Tuesday, 9th of August.
German trade data for June is first up at 6 o’clock in the morning. Surplus narrowed down in May from April’s upwardly revised level of 24.1 billion.
A couple of reports regarding the UK economy for June are out at 8:30 and Manufacturing Production is one of them. Production slipped in May by a half a percent after jumping by more than 2% in April.
Trade balance is the other publication scheduled at this time. Deficit expanded in May, but slower than analysts had anticipated.
Canadian housing starts for July will be available a quarter past noon GMT. The standalone monthly seasonally adjusted annual rate for all areas in Canada was at slightly above 213 thousand units in June, up from almost 187 thousand units in May.
Preliminary US Productivity and Costs for the second quarter are released 15 minutes later. Nonfarm business sector labor productivity decreased at a point 6-percent annual rate during the first quarter of 2016. Unit labor costs in the nonfarm business sector increased 4.5 percent in the same quarter.
It’s busy with a total of 3 news reports scheduled at 2 PM GMT and two of them are regarding the US economy. Let’s start with Wholesale inventories for June. Inventories have advanced for three consecutive months now.
IBD/TIPP Economic Optimism for August is the second item released at this time. Index fell to 45.5 in July from 48.2 in the previous month.
NIESR UK GDP estimate for July is the last of the three reports released at 2 PM. Growth has been steady in recent months, economy expanded by point 6% in three months to June, unchanged from the pace record in three months to May.
Japanese orders received for Machinery are out at ten to midnight. Core orders were down by 1.4% in May, but they are expected to rebound in this release for June.
We have three more items left on the agenda and all of them are from Australia – starting with Consumer sentiment for August at a half past midnight. The Westpac Melbourne Institute Index of Consumer Sentiment fell by 3% in July from 102.2 in June.
Housing finance stats for June are up next an hour later. Home loans were down by 1% in May, partially wiping out previous month’s downwardly revised gain of 1.4%.
And the final item for this agenda is a speech by RBA Governor Glenn Stevens in Sydney, shortly after 3 AM.
I’m Sam Meredith and that’s it for Tuesday’s economic calendar, but do click back for more on the FX Markets. Goodbye.
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