- New Zealand July Food Price Index ( survey n/a, 1.4 % prior). at 22:45 GMT
- Japan 2nd qtr GDP q/q (survey 0.6%, prior 1.2%) at 23:50 GMT.
- Japan 2nd qtr. GDP Annualized (survey 2.5%, prior 4.7%) at 23:50 GMT.
- Japan 2nd qtr GDP Price Index y/y (survey -0.8%, prior -1.3%) at 23:50 GMT .
The dog days of summer should continue today as the market will focus more on the Olympic closing ceremonies in London that what’s happening in GBP/USD.
EUR/USD has some support coming in at 1.2260/65 , then good buying interest 1.2240/50 with stops below. Sellers up around 1.2320/25 , then again at 1.2350 , with scattered stops mixed above .
USD/JPY support has the usual bids at 78.00/10 , with stops again building below 77.90. I would throw out that 79.00 high in early trade and stay with sellers at 78.75 through 79.00 , again with stops scattered through.
AUD/USD showing good support at 1.0500/10 level for now and sellers 1.0580 through 1.0600. Nice rebound on Friday in the commodity currencies despite the weak China trade numbers , though AUD/USD now looking a touch softer at 1.0550.
Good Luck Today.
