FxWirePro: The Day Ahead- 29th July 2016

Lots of economic dockets scheduled for today and some with high volatility risks associated.

Data released so far:

• New Zealand: ANZ business confidence declined to 16 in June from 20.2 in May. ANZ activity outlook for July declined to 31.4 percent from 35.1 percent.
   
• Australia: Producer price index by 1 percent y/y in second quarter. Private sector credit growth declined to 6.2 percent y/y in May, down from 6.5 percent in April.
   
• Japan: Vehicle production declined 1 percent y/y in July. BOJ kept rates and QE on hold but increases US dollar lending program to $24 billion and purchase targets of ETFs from ¥3.3 trillion to ¥6 trillion.

Upcoming:

• Japan: Housing starts data will be released at 5:00 GMT, along with construction orders.
   
• France: Second quarter flash GDP will be released at 5:30 GMT. Consumer spending and CPI inflation data to be released at 6:45 GMT.
   
• Germany: Retail sales for June will be released at 6:00 GMT.
   
• Spain: Second quarter GDP and HICP inflation for July and current account balance for May will be released at 7:00 GMT.
   
• Switzerland: KOF leading indicator for July will be released at 7:00 GMT.
   
• Italy: Unemployment report for June will be released at 8:00 GMT. Producer and consumer price inflation will be released at 9:00 GMT.
   
• United Kingdom: Money supply and consumer credit data will be published at 8:30 GMT.
   
• Greece: Retail sales for May and Producer price inflation for June is scheduled for release at 9:00 GMT.
   
• Eurozone: Second quarter GDP estimate and consumer price inflation will be released at 9:00 GMT.
   
• United States: Second quarter flash GDP and PCE inflation will be reported at 12:30 GMT, followed by Chicago PMI at 13:45 GMT and Michigan consumer sentiment at 14:00 GMT.
   
• Canada: GDP for May is scheduled at 12:30 GMT, along with raw material price and industrial product price.