Welcome, Traders!
Today is Tuesday the 11th of July or Wednesday the 12th of July, depending on where you are. Here are some things to look out for in the session.
Sentiment:
While the US dollar fell, the Japanese yen rose to its greatest level versus the dollar since mid-June. Traders are dumping the dollar ahead of Wednesday's inflation report, which is expected to indicate a slowing in price increases and undermine the case for Fed rate hikes.
Docket:
7:50 PM ET
Japanese Core Machinery Orders - Forecast: 0.1% | Prior: 2.5%
Japanese Core Machinery Orders - Forecast: 1% | Prior: -5.9%
Japanese PPI YoY - Forecast: 4.4% | Prior: 5.1%
Japanese PPI MoM - Forecast: 0.2% | Prior: -0.7%
10:00 PM ET
RBNZ Rate Statement
New Zealand Cash Rate - Forecast is for no change at 5.5%.
11:10 PM ET
RBA's Gov. Lowe Speaks
Good luck!
