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Lots of economic dockets scheduled for today, with moderate risks associated. Focus is on ECB monetary policy decision.
Data released so far -
- Australia - Consumer inflation expectation rose by 3.4% in July.
Upcoming -
- Japan - BOJ will release monthly economic survey at 5:00 GMT.
- Switzerland - Retail sales for May to be announced at 7:15 GMT.
- Italy - Trade balance to be released at 8:00 GMT.
- Euro zone - Consumer price index for June and trade balance for May both to be released at 9:00 GMT. European Central Bank (ECB) will announce monetary policy at 11:45 GMT, followed by Press conference at 12:30 GMT.
- US - Lots of economic released and events scheduled from US today. Philadelphia FED manufacturing survey at 14:00 GMT along with NAHB housing market index. FED chair Janet Yellen will continue second day of testifying before congress. EIA will release inventory statistics on Natural gas.
