What’s in store for today

  • Japan July monetary base at 23:50 GMT (prior 5.9%).
  • N.Z. ANZ July commodity price index at 01:00 GMT (prior -2.4%)
  • Japan BOJ’s Morimoto speech and press conference at 01:30 GMT
  • Australia June trade balance (-375m forecast, -285m prior) at 01:30 GMT
  • Australia June retail sales (m/m 0.7% forecast, 0.5% prior) at 1:30 GMT
  • Australian 2Q retail sales ex inflation (0.9% forecast, 1.8% prior) at 01:30 GMT.

Not all that much to go on for later today , so would expect consolidation around these closing levels . Hearing some technical resistance in the Euro at 1.2245 and some stops below 1.2215/20 could see target level of 1.2160/65. Stops in the Aussie $ 1.0440/50 could lead to a test of the 1.0400 level later.

That’s it for now , good luck.

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