Morning Market Updates – Kiwi Gains Strength

South Korea BOK Manufacturing BSI index came in at 81 in July compared to the previous fix of 82.

Yen took some serious fall with most of its releases coming in short today. The Japan Retail Trade (YoY) registered at 2%, below the estimated value of 2.6%

Japan Retail Trade s.a (MoM) came in at -1.6%, below expectations (-1%)

Japan Foreign bond investment declined to ¥321.8B in June 23 from the previous fix of ¥1090.1B

Japan Large Retailer’s Sales below expectations (-0.4%) in May: Actual (-0.6%)

Australia HIA New Home Sales (MoM) rose from previous 0.8% to 1.1%

New Zealand gains strength today with the New Zealand ANZ Business Confidence climbing from previous 14.9 to 24.8, and the New Zealand ANZ Activity Outlook having increased to 42.8% from previous 38.3%

Pound awaits Mortgage Approvals and Consumer Credit which are forecasted at a slight decrease from the previous releases.

Euro sees mixed reactions forecasted for it, but overall seems to be better with Industrial Confidence, Economic Sentiment Indicator and Business Climate.

Greenback may look for some support from the release today after some weak releases in the recent sessions, and looks forward for a slight improvement in Initial Jobless Claims and Gross Domestic Product Annualized.
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