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.
Economic Fundamentals from Japan
JPY: Consumer Confidence Index: 41.5, though less than the expected 42.3 but was slightly more than the previous 41.1. However any reading below 50 indicates bearish sentiments.
JPY: Machine Tools Orders - preliminary (YoY): 37.7% against the previous 34.1%.
JPY: Industrial Production (YoY): 3.1% against the previous 1.0%.
JPY: Gross Domestic Product (Q2) - preliminary: The annualized GDP was -6.8% and though better than the expected -7.1% but was quite poor as compared to the previous 6.1%. The quarter-over-quarter change was -1.7% against the previous 1.5%.
JPY: Machinery Orders (YoY): -3.0%, though quite less than the expected 3.3% but the data was much better than the previous -14.3%.