ctivity in the Spanish manufacturing sector rose at a slower pace in July, even despite the fact that companies continued to take on new employees in a sign that the economic recovery is set to gain steam.
The previous week brought plethora of interesting news from the world leading economies.
Next week the RBA will have its word and even though the central bank will stay pat on the monetary policy, Glenn Stevens can radically change a tone of his speech from neutral to dovish.
It is not a surprise that achieving 2% inflation in next fiscal year is a key priority for the BoJ and Japanese government.
This year there is no as much pressure on the Bank of England concerning the housing market as it was in 2013.
Despite the fact that the number of Americans seeking unemployment aid increased last week after plummeting to the lowest level in 14 years earlier in the month, the underlying trend still points to a continuing strengthening of the U.S labour market conditions.
On Wednesday statistical offices from Germany and Spain unveiled their inflation data that were not very promising.
Following more than a half-month long period of depreciation the NZD/USD is finally bottoming out.
A disaster, this is the only way how a report from the Ministry of Economy, Trade and Industry can be called.
The Pound has been the top performer over the last 250 trading days, with the corresponding index rocketing 10.22%, the most from other major currencies.
The world's largest economy was expected to bungee jump in the second quarter, recovering from a 2.9% slump in first three months of 2014.
On the back of stronger than expected growth in the world's largest economy, the most traded currency pair dipped below 1.34–mark.
The Kiwi slid further on Tuesday, extending its losses seen a week earlier, as the currency still remains vulnerable to the central bank's comments.
The Japanese Yen is still one of the main losers over the last year, with Yen index falling 4.78% during the last 250 trading days.
Housing market is one the key drivers behind the U.K.'s rapid expansion, hence, any data from the sector should provide a significant impact on the currency and markets.
The first part of important fundamentals from the world's largest economy is already out, and as it was expected, it surprised markets to the upside, meaning the economy is recovering from first quarter's slump.
There is always a clam before the storm.
The Reserve Bank of New Zealand raised its official cash rate by another 0.25% last week, however, traders got extremely bearish on the Kiwi, with NZD/USD continue falling lower on Monday, hitting 0.8532 with more declines on the radar.
Japan's officials are getting less confident in their own assessment on exports after having erred on the side of optimisms for more than a year after launching unprecedented stimulus programme in April 2013.
After a year of growing pressure on the government and the central bank the housing market seems to become a less worrying issue for both of them.
Economists from the ING believe the world's largest economy has bounced back in the second quarter following a dismal start to the year.
"Speculation about an asset-purchase program from the ECB is likely to gain further traction"- Benjamin Schroeder, an interest-rates strategist at Commerzbank AG This week European Central Bank's patience will be tested once again, as key inflation data for July are on the radar. While policy makers may feel there is a room for complacency at least for this summer that would
Last Thursday, following RBNZ's meeting the Kiwi plunged most in nine months, with the corresponding index falling 0.9% against 16 major currencies.
The Bank of Japan has been showing surprising resilience since April, when the sales tax was increased to 8%.