FXPrimus has summarized the Important Indicators of the day. Follow the market with FXPrimus!

Today’s Important Indicators

A very volatile session starting with UK’s Average Earnings Index at 08:30 GMT and Eurozone’s quarter on quarter Flash GDP thirty minutes later.

US will publish the number of the new Building Permits issued last month at 12:30 GMT as well as the Crude Inventories at 14:30 GMT while the day’s highlight will be the FOMC Meeting Minutes at 18:00 MT.

The session will close with Inflationary data from New Zealand, where analysts expect an increase of 0.1% on the PPI Input.

Today’s Forecast for Important Trading Indicators

Market Movers

• EURUSD – Dollar strengthens against Euro on upbeat retail sales data, investors eye FOMC today. Dollar raised on Tuesday’s session against the Euro counterpart as Core retail Sales data came out 0,2% higher than expectations, 0.4% higher than the previous data. The pair momentarily broke the 23.6 Fibo retracement along with the ascending trendline started a month ago. Today’s FOMC meeting minutes record will determine whether USD will hold its latest gains, at 18:00 GMT.
• GBPUSD – Pound weakens against Dollar on downbeat inflation data, investors eye Average Earnings release. Sterling declined amid lower than expected inflation rate, steady compared to previous year’s figure. The pair ended up “kissing” the ascending daily trendline started in March maintaining the bullish bias. Market participants are expecting today’s Average Earnings Index at 8:30 GMT to decipher if the trendline will hold or not.

• USDJPY – Dollar raises against yen as geopolotical tensions around North Korea ease. Yen declined for another session against the Dollar as media have said that Kim Jong delayed a decision to fire missiles towards Guam. Dollar has been in a recovery mode over the past few day while today’s Building permits, Oil inventories and FOMC minutes record are going to determine Dollar-Yen’s next move. The pair has bounced on the 100% Fibo extension on the hourly chart and the next level upward could be around 111.00, where the next Fibo lays.
• USOIL – Oil falls to 3-Week lows over bearish news on Non-OPEC and Oil spill, retreats above support on API report. Crude Oil declined to a 3-Week low as concerns over growing supply from the non-OPEC producers increased while a recent spill of 35,000 barrels reported in Kuwait weighed in. Oil rebounded on huge crude inventory draw and currently trades above the daily ascending trendline started on the 21st of July. Today’s EIA report on Crude stocks will weigh.
• XAU/USD – Gold declines, as demand for safe-haven assets cools off on U.S – N.K recent developments. Gold moved below 1274 however still maintains price level above the 60 SMA on the 4-Hour chart. The bullish bias is still in play as long at the ascending trendline started on the 10th of July holds. The current development could turn out to be a head and shoulders patterns, however nothing confirms this yet. The price movement will depend on today’s U.S data releases as Gold is sensitive to move in risk-on assets.

• US indexes closed with DJ and S&P almost unchanged, marginally higher on 0.02% and lower on 0.05% respectively.
• In Europe, UK 100 appreciated 0.41%, whereas DE 30 saw a rise of 0.10%.
• In Asia, Hang Seng gained 0.64%, ASX 200 increased 0.25%, and Nikkei ended marginally lower with a decline of 0.08%.
• In stocks, Apple moved 1.09% higher while Twitter fell 0.87%.