Welcome and good morning thank you for joining us for Tuesday’s daily market review brought to you by anyoption.

According to official figures Australian core inflation reached a one-point-five percent inflation in the second quarter which is below the reserve bank of Australia target of two to three percent.

The sterling effective exchange rate index went underneath its march 2010 know according to people familiar with Google’s plans in a dozen metro areas the high-speed internet service has been discontinued.

The Australian dollar is expected to be exceptionally volatile as the reserve bank of Australia will release a detailed record of its board meeting today.

The pound is expected to remain relatively stable during the release of the change in the price of goods and services in the UK as official protection expect the change to stay at 0.5 percent.

The euro is expected to head higher against the dollar as the level of the diffusion index based on surveyed German institutional investors and analysts is scheduled to increase.

The change in the price of goods and services purchased by US consumers is expected to remain the same which will most likely have limited impact on the dollar yen pair.

Thank you for joining us for Tuesday’s market outlook on behalf of all of us here at anyoption we wish you a productive trading day.