[B][U]Fundamental Headlines[/U][/B]
- [B]AUDUSD -[/B] July AIG performance of service index rises to +56. Rises above previous 54.9 reading and continues to boost speculation of rate hike at the next Reserve Bank of Australia meeting.
- [B]EURUSD -[/B] PMI services reports show growth in the Eurozone, the composite rises higher than expected to 57.5. Retail sales advances by 0.4 percent on the month over month, much lower than expected.
- [B]GBPUSD -[/B] July PMI report shows weaker than expected results, lends to sentiment that the next Bank of England hike will certainly be the last. Future contracts have already begun to price probability in.
- [B]Swiss -[/B] consumer prices advance as expected at a paltry 0.7 percent annualized increase. Dips in monthly assessment will likely purport notion of tepid inflationary pressures in the economy. However, SNB is expected to move in tandem with ECB?s policy of monetary tightening in the short term.
