• Foreign exchange market. Asian session: the Australian dollar traded higher against the U.S. dollar due to the better-than-expected retails sales in Australia

Market news

4 August 2014

Foreign exchange market. Asian session: the Australian dollar traded higher against the U.S. dollar due to the better-than-expected retails sales in Australia

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:30 Australia MI Inflation Gauge, m/m July 0.0% +0.2%

00:30 Australia MI Inflation Gauge, y/y July +3.0% +2.6%

01:30 Australia Retail sales (MoM) June -0.3% +0.6%

01:30 Australia Retail Sales Y/Y June +4.6% -0.2%

01:30 Australia ANZ Job Advertisements (MoM) July +4.4% +0.3%

07:30 Switzerland Manufacturing PMI July 54.0 52.8 54.3

08:30 Eurozone Sentix Investor Confidence August 10.1 9.5 2.7

08:30 United Kingdom PMI Construction July 62.6 62.4

The U.S. dollar traded mixed against the most major currencies. Friday's release of disappointing U.S. labour market data weighed on the U.S. currency. The U.S. economy added 209,000 jobs in July, missing expectations for a growth of 230,000 jobs. The unemployment rate in the U.S. increased to 6.2% in July from 6.1% in June.

The New Zealand dollar traded mixed against the U.S dollar in the absence of any major economic reports in New Zealand.

The Australian dollar traded higher against the U.S. dollar due to the better-than-expected retails sales in Australia. Retail sales in Australia climbed 0.6% in June, after a 0.3% fall in May. May's figure was revised up from a 0.5% decrease.

ANZ job advertisements in Australia increased 0.3% in July, after a 4.4% rise in May. May's figure was revised up from a 4.3% gain.

Australia's TD-MI monthly inflation gauge rose 0.2% in July, after 0.0% in June.

The Japanese yen traded lower against the U.S. dollar after the release of monetary base in Japan. Japan's monetary base was up to 42.7% in July from 42.6% in June.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair was up to Y102.70

The most important news that are expected (GMT0):

09:00 Eurozone Producer Price Index, MoM June -0.1% 0.0%

09:00 Eurozone Producer Price Index (YoY) June -1.0% -1.1%

12:30 Canada Bank holiday

23:30 Australia AIG Services Index July 47.6

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