PREVIOUS TRADING DAY EVENTS 31 July 2023

According to Eurostat the Euro area annual inflation is expected to be 5.3 in July 2023, down from 5.5.

The news in Europe is a bit more mixed with the preliminary data in Italy coming in much weaker than expected, although the eurozone is not doing too badly, said Andrea Cicione, head of research at TS Lombard. The picture is not as encouraging as the U.S. and so the markets are trying to figure out what matters most.

Compared with the U.S. Inflation in the United States has indeed succeeded in causing a significant drop but the economy, however, has shown resilience to the aggressive hike policy. The Eurozone struggles on the other hand since the economy is slowing down significantly, as the recent economic data suggest. 

An index of Eurozone banks edged up 0.2 after the European Banking Authoritys EBA annual stress test results showed three of 70 banks from the European Union failed to meet binding capital requirements.

Source httpswww.reuters.commarketseuropeeuropeansharesdipaheadinflationdataheinekendrags20230731

Winners vs Losers

AUDJPY climbed to the top of the weeks winners with 1.68 gains. It seems that the JPY has depreciated dramatically since most pairs with JPY as quote currency are on top this week.
The USDJPY pair is leading this month, with 0.31 price change so far. 

News Reports Monitor Previous Trading Day 31 July 2023

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian…