During the U.S. session on the Forex market the U.S. dollar strengthened against major currencies after strong data on orders for durable goods in the United States.

Orders for durable goods has increased markedly in the last month, beating forecasts with experts. Last improvement - a sign that increased investment in enterprises can contribute to U.S. economic growth in the second half of the year.

Ministry of Commerce announced that the seasonally adjusted demand for durable goods rose in June by 0.7%, which followed a 1.0% decline in the previous month (value was revised from -0.9%). Add that many experts had expected lower growth - 0.4%.

Orders for durable goods excluding transportation rose 0.8%, while the indicator calculated excluding the defense industry, increased by 0.7%.

We also learned that the leading indicator of business investment, which reflects the level of orders for non-defense capital goods excluding aircraft, rose in June by 1.4%.

Recall that orders for durable goods increased for four of the last five months. Given these changes, economists expect business investment to rise in the second quarter - after the economy shrank by 2.9% in the first quarter. Today's report also showed that factory shipments of durable goods rose 0.1% in June after declining in May by 0.1%, while the backlog of orders increased by 0.8% after a 0.7% gain. We add that the stocks of durable goods rose 0.4% in May after rising by 1%.

The euro exchange rate fell sharply earlier against the dollar was under pressure the German data. The findings, published institute Ifo, showed that the July level of business confidence in Germany fell again, thereby exceeded the forecasts of experts and fixing the third consecutive monthly deterioration. According to the report, the business climate index fell in July to a level of 108.0 points compared to 109.7 points last month, and economists' expectations at the level of 109.6 points. With regard to the current index, that he fell this month to the level of 112.9 points, which was also well below economists' expectations of 114.5 points. Recall that in June, the index stood at 114.8 points. We also learned that the expectations index deteriorated to 104.5 points, slightly exceeding the forecasts of experts 104.4 points. Last month, the value of this index was 104.8 points.

The pound fell against the U.S. currency, updating the yesterday's low. Influenced the course of trade data, which showed that in the second quarter gross domestic product of Britain increased by 0.8 percent, which was in accordance with the result of the first quarter and economists' expectations. Compared to the second quarter last year, the economy grew by 3.1 percent, the highest rates since late 2007. This means that overall economic growth was 0.2 percent more than in the first quarter of 2008, when it was recorded the previous peak. We add that the annual growth also coincided with the estimates of experts, and accelerated compared with the previous quarter - while GDP grew by 3.0 percent. The Office for National Statistics also reported that the head of the growth in the second quarter was again the service sector, which expanded by 1.0 percent compared with the previous three months, and fixing the fastest quarterly growth since the third quarter of 2012.

Demand for the yen was limited after the publication of weak report on exports from Japan and negative data on the consumer price index. Value measure of inflation, adjusted for the effect of increasing the sales tax was lower than in the previous reporting month: +1.6% in June against 1.7% in May.

EUR/USD $1.3400, $1.3420, $1.3500-10

USD/JPY Y100.85, Y101.50-55, Y101.65-75, Y101.80-90

GBP/USD $1.7000, $1.7150

EUR/GBP Stg0.7800, stg0.8100

AUD/USD $0.9375, $0.9425, $0.9445

NZD/USD $0.8610, $0.8720

USD/CAD C$1.0695, C$1.0720, C$1.0800

Data

1:00 New Zealand Business Confidence Index circles from ANZ July 42.8 39.7

06:00 Germany GfK consumer confidence in August from 8.9 8.9 9.0

08:00 EU M3 Money Supply y / y in June +1.0% +1.1% +1.5%

8:00 Eurozone private sector lending, y / y in June -2.0% -1.8% -1.0%

8:00 Germany IFO business climate index 109.7 109.6 108.0 July

8:00 The current conditions index Germany IFO July 114.8 112.9

8:00 Germany IFO Expectations Index 104.8 103.4 July

08:30 UK GDP q / q (preliminary data) II m +0.8% +0.8% +0.8%

08:30 UK GDP y / y (preliminary data) II m +3.0% +3.1% +3.1%

Rate of the euro fell sharply against the dollar was under pressure the German data. The findings, published institute Ifo, showed that the July level of business confidence in Germany fell again, thereby exceeded the forecasts of experts and fixing the third consecutive monthly deterioration. According to the report, the business climate index fell in July to a level of 108.0 points compared to 109.7 points last month, and economists' expectations at the level of 109.6 points. With regard to the current index, that he fell this month to the level of 112.9 points, which was also well below economists' expectations of 114.5 points. Recall that in June, the index stood at 114.8 points. We also learned that the expectations index deteriorated to 104.5 points, slightly exceeding the forecasts of experts 104.4 points. Last month, the value of this index was 104.8 points.

Report had little impact on the euro area, which indicated that money supply growth accelerated again in June, while lending to the private sector continued to fall. This was announced by the European Central Bank. According to the data, the results of last month monetary aggregate M3 increased by 1.5 percent year on year, which was significantly faster than the growth of 1 per cent recorded in May. Add that many experts had expected an increase of this index by 1.2 percent. While growth compared to May was markedly below the reference value of 4.5%, the ECB considers that in accordance with its medium-term in order to maintain the inflation rate "below 2%".

The pound has fallen significantly against the U.S. currency, updating the yesterday's low, but then was able to recover all the lost ground. Influenced the course of trade data, which showed that in the second quarter gross domestic product of Britain increased by 0.8 percent, which was in accordance with the result of the first quarter and economists' expectations. Compared to the second quarter last year, the economy grew by 3.1 percent, the highest rates since late 2007. This means that overall economic growth was 0.2 percent more than in the first quarter of 2008, when it was recorded the previous peak. We add that the annual growth also coincided with the estimates of experts, and accelerated compared with the previous quarter - while GDP grew by 3.0 percent. The Office for National Statistics also reported that the head of the growth in the second quarter was again the service sector, which expanded by 1.0 percent compared with the previous three months, and fixing the fastest quarterly growth since the third quarter of 2012.

The yen fell against the dollar as market participants expect today's publication of data on the volume of sales of durable goods from the U.S. Commerce Department. According to the median forecast of economists in June could increase by 0.4%, after falling in the previous month. In addition, yesterday was presented positive data on employment. Number of new applications for unemployment benefits decreased significantly last week, reaching minimum values ​​at the same time for 8.5 years, providing more evidence in favor of improving the situation on the labor market.

We add that the demand for yen was limited after the publication of weak report on exports from Japan and negative data on the consumer price index. Value measure of inflation, adjusted for the effect of increasing the sales tax was lower than in the previous reporting month: +1.6% in June against 1.7% in May.

EUR / USD: during the European session, the pair fell to $ 1.3440

GBP / USD: during the European session, the pair fell to $ 1.6959, but then went back up to $ 1.6985

USD / JPY: during the European session, the pair rose to Y101.93

At 12:30 GMT the U.S. will report on changes in the volume of orders for durable goods in June. At 13:00 GMT Belgium present index business sentiment in July.

EUR/USD

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

Bids $1.3440, $1.3400, $1.3360, $1.3300

GBP/USD

Offers $1.7190, $1.7140, $1.7115, $1.7095, $1.7050

Bids $1.6965, $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

Bids Y136.35, Y136.00, Y135.75, Y135.50

USD/JPY

Offers Y102.35, Y102.20, Y102.00

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

EUR/GBP

Offers stg0.8000, stg0.7980/85, stg0.7940

Bids stg0.7885/80, stg0.7870, stg0.7850, stg0.7800

EUR/USD $1.3400, $1.3420, $1.3500-10

USD/JPY Y100.85, Y101.50-55, Y101.65-75, Y101.80-90

GBP/USD $1.7000, $1.7150

EUR/GBP Stg0.7800, stg0.8100

AUD/USD $0.9375, $0.9425, $0.9445

NZD/USD $0.8610, $0.8720

USD/CAD C$1.0695, C$1.0720, C$1.0800

EUR / USD

Resistance levels (open interest**, contracts)

$1.3570 (1241)

$1.3537 (723)

$1.3495 (109)

Price at time of writing this review: $ 1.3467

Support levels (open interest**, contracts):

$1.3445 (2590)

$1.3428 (6843)

$1.3403 (3694)

Comments:

- Overall open interest on the CALL options with the expiration date August, 8 is 27946 contracts, with the maximum number of contracts with strike price $1,3650 (3905);

- Overall open interest on the PUT options with the expiration date August, 8 is 34582 contracts, with the maximum number of contracts with strike price $1,3500 (6843);

- The ratio of PUT/CALL was 1.24 versus 1.26 from the previous trading day according to data from July, 24

GBP/USD

Resistance levels (open interest**, contracts)

$1.7300 (1309)

$1.7201 (1658)

$1.7102 (2094)

Price at time of writing this review: $1.6990

Support levels (open interest**, contracts):

$1.6897 (2023)

$1.6799 (2285)

$1.6700 (1097)

Comments:

- Overall open interest on the CALL options with the expiration date August, 8 is 16755 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 25555 contracts, with the maximum number of contracts with strike price $1,7000 (3012);

- The ratio of PUT/CALL was 1.53 versus 1.43 from the previous trading day according to data from Jule, 24

* - 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.

01:00 New Zealand ANZ Business Confidence July 42.8 39.7

The dollar headed for a second weekly gain versus the euro before a U.S. government report that economists said will show durable goods orders rebounded in June, adding to signs the economy is gathering momentum. Bookings for U.S. durable goods gained 0.5 percent in June after dropping 0.9 percent the previous month, according to a Bloomberg News survey before today's Commerce Department report. Economists predict data next week will show the economy expanded an annual 2.9 percent in the second quarter, reversing a contraction in the previous three months, while employers added more than 200,000 jobs in June for an sixth month.

The Bloomberg Dollar Spot Index climbed to its highest in a month yesterday before reports next week that economists said will show the world's biggest economy expanded in the second quarter and employers boosted payrolls.

The pound was set for a third week of losses before gross domestic product data due today. Britain's economy expanded 0.8 percent in the second quarter, matching the pace of the previous three months, according to the median estimate in a Bloomberg survey before today's data.

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

Focus today will turn to the first reading of UK Q2 GDP data at 0830GMT, median 0.8% Q/Q, 3.10% y/y. Ahead of this we have Germany Ifo at 0800GMT with market waiting to see if Thursday's strong flash PMI release is reflected in this data.

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

EUR/USD $1,3462 +0,01%

GBP/USD $1,6985 -0,31%

USD/CHF Chf0,9024 +0,02%

USD/JPY Y101,80 +0,26%

EUR/JPY Y137,05 +0,26%

GBP/JPY Y172,91 -0,05%

AUD/USD $0,9414 -0,29%

NZD/USD $0,8564 -0,64%

USD/CAD C$1,0742 +0,16%

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

01:00 New Zealand ANZ Business Confidence July 42.8

06:00 Germany Gfk Consumer Confidence Survey August 8.9 8.9

08:00 Eurozone M3 money supply, adjusted y/y June +1.0% +1.1%

08:00 Eurozone Private Loans, Y/Y June -2.0% -1.8%

08:00 Germany IFO - Business Climate July 109.7 109.6

08:00 Germany IFO - Current Assessment July 114.8

08:00 Germany IFO - Expectations July 104.8

08:30 United Kingdom GDP, q/q (Preliminary) Quarter II +0.8% +0.8%

08:30 United Kingdom GDP, y/y (Preliminary) Quarter II +3.0% +3.1%

12:30 U.S. Durable Goods Orders June -1.0% Revised From -0.9% +0.4%

12:30 U.S. Durable Goods Orders ex Transportation June 0.0% Revised From -0.1% +0.6%

12:30 U.S. Durable goods orders ex defense June +0.6%

13:00 Belgium Business Climate July -6.2 -6.5