Forex Focus on Initial Jobless Claims
As the European trading session starts EURUSD traders await the Bank of France July industry sentiment indicator due at 6:30GMT, at 8:00GMT the ECB releases its economic bulletin following its July meeting.
In the American calendar we have the Initial Jobless Claims due at 12:30GMT and in Canada the New Housing Price Index m/m.
In Asian session we had the release of Singapore Retail Sales (YoY) which came in at -8.9% below forecasts of 0.2% in June.
China Trade Balance in USD came in at $45.06B above expectations of $40B in July, the Exports (YoY): was +3.3% versus-2.0% expected and -1.3% last reading, the Imports (YoY): -5.6% vs.-8.3% exp. and -7.3% last.
Japan Trade Balance on BOP Basis came in at ¥759.3B, below expectations (¥823.6B) in June. Japan Eco Watchers Survey: Outlook came in at 44.3 below forecasts of 46.9 in July.
The PBOC has set the Yuan reference rate at 7.0039 while on Wednesday’s the fixing was 6.9996