Oil has ended the open out-cry session and now has slowed and is now trading in step
almost with currencies and the S+P
| 01:30 | AUD | Retail Sales M/M Jun | | 0.50% | 1.00% | | | 01:30 | AUD | House Price Index Q/Q Q2 | | 2.00% | -2.20% | | | 04:30 | AUD | RBA Interest Rate Decision | | 3.00% | 3.00% | | | 07:15 | CHF | CPI M/M Jul | | -0.50% | 0.20% | | | 07:15 | CHF | CPI Y/Y Jul | | -1.10% | -1.00% | | | 08:30 | GBP | PMI Construction Jul | | 45 | 44.5 | | | 09:00 | EUR | Eurozone PPI M/M Jun | | 0.20% | -0.20% | | | 09:00 | EUR | Eurozone PPI Y/Y Jun | | -6.60% | -5.80% | | | 12:30 | USD | Personal Income Jun | | -1.00% | 1.40% | | | 12:30 | USD | Personal Spending Jun | | 0.20% | 0.30% | | | 12:30 | USD | PCE Deflator Y/Y Jun | | 0.20% | 0.10% | | | 12:30 | USD | PCE Core M/M Jun | | 0.20% | 0.10% | | | 12:30 | USD | PCE Core Y/Y Jun | | 1.70% | 1.80% | | | 14:00 | USD | Pending Home Sales M/M Jun | | 0.60% | 0.10%
On the overnight we have data that could affect the AUD which holds sway over the OIl contract
housing and spending on tap for tomorrow by now you must have noticed that most surprises are bullish these should start to be less surprising as the economy has turned the corner
earnings and now eco-data support this statement
Oil still must be traded we are sellers for now 72.5
buyers 69 for a trade here 71.xx |
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