Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia New Motor Vehicle Sales (MoM) July +1.7% -1.3%
01:30 Australia New Motor Vehicle Sales (YoY) July -2.2% -0.4%
09:00 Eurozone Trade Balance s.a. June 15.2 Revised From 15.3 14.9 13.8
10:00 Germany Bundesbank Monthly Report August
The U.S. dollar traded mixed against the most major currencies ahead of the NAHB housing market index. The NAHB housing market index is expected to remain unchanged at 53 in August.
The euro traded mixed against the U.S. dollar after the weaker-than-expected trade data from the Eurozone. Eurozone's trade surplus dropped to 13.8 billion euros in June from a surplus of 15.2 billion euros in May, missing expectations for a decline to 14.9 billion euros. May's figure was revised down from a surplus of 15.3 billion euros.
The British pound traded mixed against the U.S. dollar. The UK currency was supported by the BoE governor's comments. The Bank of England Governor Mark Carney told the Sunday Times on Sunday that the Bank of England don't need to wait for wage growth to rise its interest rate.
The Canadian dollar traded mixed against the U.S. dollar ahead of the foreign securities purchases in Canada. Foreign investment in Canada is expected to climb by C$14.68 billion in June.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair rose to Y102.54
The most important news that are expected (GMT0):
12:30 Canada Foreign Securities Purchases June 21.43 14.68
14:00 U.S. NAHB Housing Market Index August 53 53
22:45 New Zealand PPI Input (QoQ) Quarter II +1.0% +0.7%
22:45 New Zealand PPI Output (QoQ) Quarter II +0.9% +0.8%