It’s going to be a quiet US data week ahead with Q2 labor costs along with productivity data out on Tuesday 11th August. On Thursday 13 August, July retail sales data will be out (+0.5% m/m forecast v/s -0.3% previous).
This week, a lot of data coming out of EZ. I am particularly eyeing Q2 flash GDP (+1.3% y/y forecast v/s +1.0% previous) due on Friday 14 August. So far from my analysis, this week is going to set the trend for EURUSD.
In UK, employment data is due on Wednesday 12 August which I am expecting will strengthen GBP against the USD.
In Japan, machinery orders data come out on Wednesday 12 August which is of particular interest. Analysts forecast it’s going to be negative. Slight chances that it will weaken USDJPY up to 125.070.
In Australia, not much of interest except for Q2 wage prices out on Wednesday 12th August. 
