On Monday, major macroeconomic releases are due in Switzerland, eurozone and Australia. The EU Industrial Production statistics for July are seen as the most important and are published at 12:00 p.m. (GMT+3). The indicator has been growing, however, the growth cannot be considered as a significant one. So, in July, Industrial Production is forecasted to increase from -0.4% to 0.2% on a monthly basis. On a year-over-year basis, a 0.6% gain is expected, which is lower than the previous 1.2%, however, is still considered as a positive reading, able to support the EUR.

Switzerland's Retail Sales statistics, released at 10:15 a.m. (GMT+3), are also worth noting due to the fact that Retail Sales account for a significant part of the national GDP in most countries. This year, the indicator has been declining steadily, and the tendency is still unlikely to change. Switzerland's Producer and Import Prices for August will be published at 10:15 a.m. (GMT+3) as well.

On Tuesday night, the Reserve Bank of Australia Meeting's Minutes, due at 4:30 a.m. (GMT+3), are expected to shed light on future of country's monetary policy. The Bank of Japan, in its turn, decides on its interest rate, which is likely to remain unchanged at 0.1%. Moreover, BoJ Monetary Policy Statement, released at 6:00 a.m. (GMT+3), should clarify how the Regulator is going to further stimulate Japan's economy.

News of the day. Monday 14.09.2015




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