Economic Fundamentals from Australia
AUD: House Price Index (Q2): Year-over-year change was 10.1% against the previous 10.9%. The quarter-over-quarter change was 1.8% and positive as compared to the consensus (1.1%) as well as the previous 1.5%.
AUD: National Australia Bank's Business Confidence: 11 against the previous 8.
AUD: Westpac Consumer Confidence: 3.8% against the previous 1.9%. The consumer confidence index came out to be 98.5 against the previous 94.9.
AUD: Consumer Inflation Expectation (July): 3.1% against the previous month's 3.8%.
Economic Fundamentals from the U.S.A
USD: Monthly Budget Statement: USD -95 billion and though better than the expected -96 billion but quite poor as compared to the previous 71 billion US dollars.
USD: Retail Sales (MoM - July): 0.0%, negative as compared to the consensus as well as the previous 0.2%. Same with the retail sales ex-autos which was 0.1% against the previous month's 0.4%.
USD: Jobless Claims: Initial claims were 311K against the previous 290K. The continuing jobless claims also rose to 2.544 million from 2.519 million.
USD: Producer Price Index (YoY in July): 1.7%, negative as compared to the consensus (1.8%) as well as the previous 1.9%.
USD: Net TIC (Treasury International Capital) Flows: Total net TIC flows were USD -153.5 billion against the previous 33.1 billion. The net long term flows were USD -18.7 billion and hence quite less than the previous 18.6 billion.
USD: Industrial Production (MoM in June): 0.4%, better than the expected 0.3% but was same as the previous.
USD: Reuters/Michigan Consumer Sentiment Index (preliminary - August): 79.2, negative as compared to the consensus (82.5) as well as the previous 81.8.