Here are the key factors to keep in mind today for Euro trades:
- Eurozone Current Account: The Eurozone current account surplus skyrocketed to €31.1 billion in June (not seasonally adjusted) and to €25.4 billion (seasonally adjusted). Forex traders can compare this to the current account surplus of €4.3 billion in June (not seasonally adjusted) and to €19.1 billion (seasonally adjusted).
- Eurozone Construction Output: The Eurozone construction sector contracted sharply in June as reported by the construction output which plunged 1.9% monthly and 2.3% annualized. This can be compared to the increase of 0.2% monthly which was reported in May and 0.2% annualized.
Here are the key factors to keep in mind today for Japanese Yen trades:
- Japanese Merchandise Trade Data: The Japanese merchandise trade deficit increased to ¥268.1 billion in July and the adjusted merchandise trade deficit rose to ¥368.8 billion. This can be compared to the merchandise trade deficit of ¥70.5 billion in July and the adjusted merchandise trade deficit of ¥283.4 billion. Merchandise trade exports rose by 7.6% and merchandise trade imports decreased by 3.2%. Forex traders can compare this to the increase of 9.5% in exports and decrease of 2.9% in imports which was reported in June. Expectations called for an increase of 5.2% in Merchandise trade exports and a decrease of 8.2% in merchandise trade imports.
- Japanese All Industry Activity Index: The Japanese All Industry Activity Index rose by 0.3% in July monthly which can be compared to the 0.5% contraction which was reported in June. Economists expected an increase of 0.4%. The two-month average shows a monthly contraction of 0.1%.
- Japanese Nationwide Department Store Sales: The Japanese consumer spend more in July as Nationwide Department Store Sales surged by 3.4% annualized. Forex traders can compare this to the increase of 0.4% which was reported in June.
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