FOREX News and Overnight Technical Levels- August 15th

[B][U]Fundamental Headlines[/U][/B]
-[B] AUDUSD[/B] - Westpac consumer confidence figures were lower than expected. Survey results dip -8.1% compared to previous -0.6% in the month of August. Subsequent wage cost index for the second quarter rises as expected.

  • [B]USDJPY[/B] - August Reuters Tankan manufacturing DI advances by 2 points to +30 versus previous increase of +28. Survey shows that manufacturing remains healthy in the world?s second largest economy.
  • [B]GBPUSD[/B] - MPC minutes show a unanimous vote to keep rates unchanged for the month. As expected by the market, attention is turning to CPI data from yesterday in estimating no further rate hikes past 6 percent.
  • [B]USDCHF[/B] - June adjusted real retail sales rises 1 percent, lower than expected. Consensus estimates pitted a rise of 4.9 percent.
  • [B]China [/B]July industrial production rises 18 percent, lower than expected consensus of 8.5%.

[B]Written by Richard Lee, Currency Strategist[/B]