The Reserve Bank of Australia will, of course, be on hold (previews below)
Coming up today:
2230 GMT Australia July construction index
- AiG Performance of Construction Index, prior 50.6
- The two AiG indexes we have already seen this month (manufacturing and services) have both shown substantial drops (the CBA/Markit two for the same have not shown drops as large)
- AiG Manufacturing PMI 52.0 in July from 57.4 in June
- CBA /Markit Manufacturing PMI for July has come in at 52.4
- Australia July services PMI (the first of two due today) 53.6 (prior 63.0)
- Second Australian services PMI survey for July, down also
And, after all that, the PMI release today is very unlikely to move the AUD much at all upon release.
2301 GMT UK data, BRC Sales Like-for-like July,
- expected 1.5%, prior 1.1%
2330 GMT Australia ANZ weekly consumer confidence data, which has turned a touch flat to weaker in past weeks, prior 119.8
2330 GMT Japan Overall Household Spending for June
- expected -1.4% y/y, prior -3.9%
0000 GMT Japan wages data
- Labor cash earnings for June, expected +1.7% y/y, prior +2.1%
- Real cash earnings for June, expected +0.9% y/y, pri +1.3%
- I'll have more to come on the Japanese data separately
0430 GMT Reserve Bank of Australia monetary policy announcement
As I said above, it'll be on hold, eyes will turn to the accompanying statement from Governor Lowe.
And note, Lowe will be giving a speech the following day, and on Friday this week we'll get the quarterly Statement on Monetary Policy (SoMP).
I'll have more to come on this separately, but here are two previews I popped up yesterday:
