- Samaras wins Greek confidence vote 179 to 121.
- FED’S Rosengren says Friday’s job data disappointing,possible QE3 depending on further data.
- ECB president Draghi to comment on current economic and monetary developments and explain ECB policy stance.
- EU Finance Ministers due to meet in Brussels today.
- BoE Tucker to testify today before the Treasury Select Committee.
- Japan May Current Account Surplus at 215.1 Bln Yen : (Est.493.1 bln Yen).
- Japan’s Current Account falls by 62.6% yr/yr :(Est. 14.5%).
- Japan’s May core machinery orders fell 14.8%mth/mth (est 3.3%).
- Japan’s May Trade deficit was 848.2 bln Yen (in line with ests.).
- Australia June job notices -1.2% mth/mth.
- China June Consumer prices rose to 2.2% (29 month low).
- China June PPI fell 2.1% better than the expected 1.9% .
- China’s Wen ” downward pressure on China’s economy is still relatively large”.
- China’s Wen says policy fine-tuning needed to spur growth and vows to prevent property price rebound.
- PBOC sets Yuan at 6.3293 vs. prior 6.3249.
A quiet close to this session with Eur at 1.2290. After stops were touched at the 1.2250 level (VERY early trade) heard eur touched 1.2225. Eur rebound from that low to trade most of the remain session from 1.2265 to recent highs of 1.2296. With meetings in Brussels and Draghi speaking could make for an interesting day. Usd/Jpy saw a low of 79.41 as large stops were touched off before Japan economic numbers were released (all worse than expected and rumored leaks),. Usd/Jpy currently trading around 79.65 near highs of 79.70. Aud had a little bounce after China’s CPI and PPI came in slightly better than expected (1.0211 high before settling here around 1.0195). Good Luck today.