What to Look out for Today 2017.08.10 – A Busy Economic Calendar

It seems that America can’t go a week without political scandal – in the last few weeks we have seen Trump’s son and son-in-law being subpoenaed for Russian assisted interference with 2016 election, a new series of sanction against Russia (even though Trump resisted the bill – at least verbally) and the most recent chapter is Trump’s promise of retaliation if N. Korea aggresses against US territories (in this case specifically Guam). A side-note to this was Trump advisors stating that the comments of “fire and fury” caught them by suprise.

This political volatility is likely to scare investors away from USD – at least until more positive economic data is released to quiet their risk-averse sentiment.

Today seems like a heavily populated with economic calendar events, most of medium importance so the effect might be seen impacting market sentiment than actual currency prices initially:
Australia – Consumer Inflation Expectation
N. Zealand – RBNZ Governor Wheeler Speech
Japan – Tertiary Industry Index (MoM)
These UK events might be of significant impact – even though they are of medium importance – especially if investors take them as indicators of Pre-Brexit UK economic health.
UK – Industrial Production (MoM)
UK – Industrial Production (YoY)
UK – Manufacturing Production (MoM)
UK – Manufacturing Production (YoY)
UK – NIESR GDP Estimate (3M)
US – Continuing Jobless Claims
US – Initial Jobless Claims
US – Speech by Fed’s William Dudley
US – Monthly Budget Statement
Australia – Reserve Bank’s Governor Philip Lowe Speech (this is also the only high importance item of the day)
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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