[B]Daily Fundamental Dose: 10-July-2014[/B]
Today being the Thursday, majority of the important details scheduled during the week has already been disclosed. However, the BoE meeting and the Canadian employment numbers together with US Jobless Claims are still left for publishing, which aren’t likely to gain major market attention.
Optimist job numbers from Australia fueled AUD strength. However, the Aussie re-treated after the release as market perceived threat from a nominal hike in Jobless Rate; moreover, weaker Chinese trade balance numbers also causing worry to the AUD traders.
Minutes of the recent FOMC meeting, released yesterday, couldn’t offer the timing of interest rate hike. However, the FOMC members signaled towards the next year to be the probable timing while they agreed onto ending their asset-purchase program in October. Public speeches of Fed Vice Chairman Stanley Fischer and Kansas City Fed President Esther George, scheduled today, can provide additional information for the economic perspective of Fed.
Hence, the market players are likely to digest the news flashes of the week in order to determine the reaction of respective currency pairs.