Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:05 Australia RBA's Governor Glenn Stevens Speech
01:30 Australia Construction Work Done Quarter II -0.8% Revised From -2.4% -1.5% 1.6%
06:00 Switzerland UBS Consumption Indicator July 1.61 Revised From 1.68 1.64
08:30 United Kingdom BBA Mortgage Approvals July 44.8 Revised From 44.5 46.0
11:00 U.S. MBA Mortgage Applications August 3.6% 0.2%
The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. durable goods orders data. The U.S. durable goods orders are expected to decrease 0.4% in July, after a 3.4% gain in June.
The U.S. durable goods orders excluding transportation are expected to rise 0.4% in July, after a 0.8% gain in June.
The greenback remained supported by yesterday's U.S. consumer confidence data. The index rose to 101.5 in August from 91.0 in July, exceeding expectations for a rise to 93.4.
The euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone.
The British pound traded lower against the U.S. dollar in the absence of any major economic report from the U.K.
The Swiss franc traded lower against the U.S. dollar. The UBS consumption index increased to 1.64 in July from 1.61 in June. June's figure was revised down from 1.68.
Retailer sentiment remained pessimistic due to the weak outlook for the development of prices and sales.
Consumer sentiment continued to worsen.
EUR/USD: the currency pair declined to $1.1401
GBP/USD: the currency pair fell to $1.5577
USD/JPY: the currency pair rose to Y119.65
The most important news that are expected (GMT0):
12:30 U.S. Durable Goods Orders July 3.4% -0.4%
12:30 U.S. Durable Goods Orders ex Transportation July 0.8% 0.4%
12:30 U.S. Durable goods orders ex defense July 3.8%
14:00 U.S. FOMC Member Dudley Speak