EUR/USD $1.3440, $1.3450, $1.3475, $1.3500, $1.3520-30

USD/JPY Y101.50-55, Y101.65-75, Y101.80-90

EUR/JPY Y136.75

GBP/USD $1.6900, $1.7000, $1.7020, $1.7095

EUR/GBP Stg0.7800, stg0.8000

AUD/USD $0.9300-25, $0.9340, $0.9400, $0.9450, $0.9500-20

NZD/USD $0.8600, $0.8625, $0.8640, $8700, $0.8740

USD/CAD C$1.0680, C$1.0700, C$1.0725, C$1.0790

Data

1:35 Japan index of business activity in the manufacturing sector in July 51.5 51.9 50.8

1:45 China Manufacturing PMI HSBC (preliminary data) July 50.7 51.2 52.0

6:58 France PMI in the manufacturing sector (preliminary data) July 48.2 48.5 47.6

6:58 France PMI services sector (preliminary data) July 48.2 48.9 50.4

7:28 Germany PMI manufacturing sector (preliminary data) July 52.0 52.2 52.9

7:28 Germany PMI services sector (preliminary data) July 54.6 54.7 56.6

7:58 Eurozone business activity in the manufacturing sector (preliminary data) July 51.8 52.0 51.9

7:58 Eurozone business activity in the services sector (preliminary data) July 52.8 52.7 54.4

08:30 UK Retail Sales m / m in June -0.5% +0.2% +0.1%

08:30 UK Retail Sales y / y in June +3.9% +3.9% +3.6%

The euro exchange rate against the dollar has risen considerably, departing from the 8-month low, which was associated with the release of positive data on the index of business activity in the manufacturing sector in Germany and the euro area in July. According to statistics published by Markit Economics index showing business optimism in the manufacturing sector of the economy of Germany, grew to around 52.9, while analysts had expected growth to the level of 52.2.

As for the euro area, there is a composite Purchasing Managers' Index, which covers the manufacturing sector and the service sector, rose to 54.0 in July from 52.8 points, the highest level since April. Recall that a value above 50 indicates expansion. Latest update also proved significantly higher than the average forecasts of experts. However, while business activity in the service sector of the eurozone expanded at the fastest pace since May 2011 - PMI index rose to 54.4 from 52.8 - firms continue to reduce prices, which is fixed for the past 31 consecutive months. We add that the sub-index of prices for products in this sector fell to 48.3, despite high raw material costs. With regard to the sub-index of employment in the services sector, it has not changed in July (50.9).

Meanwhile, data showed that manufacturing index rose to 51.9 from 51.8 mark in June, which was slightly lower than expected (52.0). Meanwhile, the production index rose to 53.0 from 52.8.

Pound fell sharply against the U.S. currency came under pressure on weak retail sales report. British retail sales in the second quarter was the highest in the last 10 years, but has not changed in the last month. This was stated in the report submitted to the Office for National Statistics. According to data for the period from April to June, retail sales rose by 1.6 percent compared with the previous three months, recording the largest increase since the beginning of 2004. Nevertheless, by the end of June, sales grew by only 0.1 percent compared to May. In annual terms, sales rose by 3.6 percent. Experts had expected a monthly basis, growth will be 0.2 percent, and year - 3.9 percent.

In Statistical Office reported that sales in the second quarter were increased stepwise by 1.0 percent in April, which more than offset the fall in May. Comparing the second quarter from the same period last year, sales rose 4.5 percent, showing the biggest increase since the end of 2004. In today's report also stated that the annual 2 percent increase in prices for textiles, clothing and footwear was unusual, given that retailers cut prices during the month. The last time the price of clothing rose in June 2007.

The yen remained under pressure after the publication of the report of the weak export Japan. Country's exports fell by 2.2% compared with the same period a year earlier. The indicator does not live up to expectations of economists, who had forecast an increase of 1%. In May index lost 2.7%, and this was the first drop in more than a year. Imports increased by 8.4% compared to the same period last year, with increased buying power and a relatively weak yen after being dropped by 3.6% in May.

EUR / USD: during the European session, the pair rose to $ 1.3485

GBP / USD: during the European session, the pair fell to $ 1.7005

USD / JPY: during the European session, the pair rose to Y101.66

At 12:30 GMT the U.S. will report on initial jobless claims for unemployment, 13:45 GMT to submit an index of business activity in the manufacturing sector in July, and at 14:00 GMT declares sales in the primary market in June. At 23:30 GMT Japan's consumer price index will be released in June and Tokyo CPI for July

EUR/USD

Offers $1.3590/600, $1.3580, $1.3550, $1.3530, $1.3490

Bids $1.3400, $1.3360, $1.3300

GBP/USD

Offers $1.7200, $1.7190, $1.7140, $1.7115, $1.7095

Bids $1.7005/00, $1.6970, $1.6950, $1.6920

AUD/USD

Offers $0.9500, $0.9470

Bids $0.9380, $0.9360, $0.9320, $0.9300

EUR/JPY

Offers Y138.20, Y138.00, Y137.75/80, Y137.50, Y137.00

Bids Y136.00, Y135.75, Y135.50

USD/JPY

Offers Y102.35, Y102.20, Y102.00, Y101.80

Bids Y101.20, Y101.00, Y100.80, Y100.50

EUR/GBP

Offers stg0.8000, stg0.7980/85, stg0.7930/35

Bids stg0.7880, stg0.7870, stg0.7850, stg0.7800

EUR/USD $1.3440, $1.3450, $1.3475, $1.3500, $1.3520-30

USD/JPY Y101.50-55, Y101.65-75, Y101.80-90

EUR/JPY Y136.75

GBP/USD $1.6900, $1.7000, $1.7020, $1.7095

EUR/GBP Stg0.7800, stg0.8000

AUD/USD $0.9300-25, $0.9340, $0.9400, $0.9450, $0.9500-20

NZD/USD $0.8600, $0.8625, $0.8640, $8700, $0.8740

USD/CAD C$1.0680, C$1.0700, C$1.0725, C$1.0790

EUR / USD

Resistance levels (open interest**, contracts)

$1.3570 (1230)

$1.3537 (580)

$1.3494 (87)

Price at time of writing this review: $ 1.3459

Support levels (open interest**, contracts):

$1.3439 (2594)

$1.3422 (7231)

$1.3397 (2594)

Comments:

- Overall open interest on the CALL options with the expiration date August, 8 is 27552 contracts, with the maximum number of contracts with strike price $1,3650 (3918);

- Overall open interest on the PUT options with the expiration date August, 8 is 34764 contracts, with the maximum number of contracts with strike price $1,3500 (7231);

- The ratio of PUT/CALL was 1.26 versus 1.31 from the previous trading day according to data from July, 23

GBP/USD

Resistance levels (open interest**, contracts)

$1.7300 (1318)

$1.7201 (1695)

$1.7104 (2077)

Price at time of writing this review: $1.7030

Support levels (open interest**, contracts):

$1.6994 (3022)

$1.6897 (2121)

$1.6799 (1414)

Comments:

- Overall open interest on the CALL options with the expiration date August, 8 is 16715 contracts, with the maximum number of contracts with strike price $1,7250 (2424);

- Overall open interest on the PUT options with the expiration date August, 8 is 23921 contracts, with the maximum number of contracts with strike price $1,7000 (3022);

- The ratio of PUT/CALL was 1.43 versus 1.43 from the previous trading day according to data from Jule, 23

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

01:35 Japan Manufacturing PMI July 51.5 51.9 50.8

01:45 China HSBC Manufacturing PMI July 50.7 51.2 52.0

New Zealand's dollar slid the most in six months after its central bank warned of the potential for a "significant fall" in the kiwi. The kiwi slid as New Zealand's central bank signaled it will pause its interest-rate increases amid benign inflation and a strong currency. Wheeler was the first central banker from a developed nation to raise official rates this year and today's tightening to 3.5 percent marked the bank's fourth move. A pause would mean steady borrowing costs ahead of a general election on Sept. 20.

Demand for the Australian dollar was bolstered after a Chinese manufacturing gauge rose to an 18-month high in July, adding to signs the government will meet its 2014 economic-growth target of about 7.5 percent. The Asian nation is Australia's largest trading partner.

The euro matched its lowest level since November before data predicted to show a slowing in manufacturing growth. Europe's common currency may weaken with Markit Economics data due today predicted to show a manufacturing index for the euro area slipped to 51.7 in July from 51.8, according to a separate poll. For the U.S., the gauge is projected at 57.5 from 57.3.

The yen remained weaker after a report showed exports unexpectedly declined. Japanese exports declined 2 percent in June from a year earlier, according to Finance Ministry data released today, compared with a median estimate for a 1 percent gain in a Bloomberg survey.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.3455-65

GBP / USD: during the Asian session, the pair traded in the range of $ 1.7030-40

USD / JPY: on Asian session the pair traded in the range of Y101.50-60

UK retail sales data at 0830GMT provides the domestic data focus, median June 0.3% m/m from May -0.5%. Eurozone flash PMI's (France 0700GMT, Germany 0730GMT, EZ 0800GMT) released earlier expected to dictate direction in the euro, with effect on euro-sterling in turn to influence cable.

(pare/closed(GMT +2)/change, %)

EUR/USD $1,3461 -0,03%

GBP/USD $1,7038 -0,15%

USD/CHF Chf0,9022 0,00%

USD/JPY Y101,54 +0,08%

EUR/JPY Y136,69 +0,04%

GBP/JPY Y173,00 -0,07%

AUD/USD $0,9441 +0,52%

NZD/USD $0,8619 -0,56%

USD/CAD C$1,0725 -0,09%

(time / country / index / period / previous value / forecast)

00:00 New Zealand RBNZ Interest Rate Decision 3.25% 3.50% 3.50%

00:00 New Zealand RBNZ Rate Statement

01:45 New Zealand Trade Balance, mln June 285 155 247

02:50 Japan Adjusted Merchandise Trade Balance, bln June -862.2 -1110.0

04:35 Japan Manufacturing PMI July 51.5 51.9

04:45 China HSBC Manufacturing PMI (Preliminary) July 50.7 51.2

09:58 France Manufacturing PMI (Preliminary) July 48.2 48.5

09:58 France Services PMI (Preliminary) July 48.2 48.9

10:28 Germany Manufacturing PMI (Preliminary) July 52.0 52.2

10:28 Germany Services PMI (Preliminary) July 54.6 54.7

10:58 Eurozone Manufacturing PMI (Preliminary) July 51.8 52.0

10:58 Eurozone Services PMI (Preliminary) July 52.8 82.7

11:30 United Kingdom Retail Sales (MoM) June -0.5% +0.2%

11:30 United Kingdom Retail Sales (YoY) June +3.9% +3.9%

15:30 U.S. Initial Jobless Claims July 302 310

16:45 U.S. Manufacturing PMI (Preliminary) July 57.3 57.5

17:00 U.S. New Home Sales June 504 485