TeleTrade - Analytics

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Foreign exchange market. Asian session

 

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:30 Australia ANZ Job Advertisements (MoM) May 2.3% 0.0%

01:30 Australia National Australia Bank's Business Confidence May 3 7

01:30 Australia Home Loans April 1.6% -2% 1.0%

01:30 China PPI y/y May -4.6% -4.5% -4.6%

01:30 China CPI y/y May 1.5% 1.3% 1.2%

 

China's factory-gate prices extended a record stretch of declines, underscoring tepid demand at home and abroad. In the U.S., traders continue to mull the timeline for higher interest rates, while Group of Seven leaders meet in Germany, with Chancellor Angela Merkel demanding urgent action from Greece to cement its euro-area membership.

China's consumer-price index increased 1.2 percent last month from a year earlier, less than the 1.3 percent median estimate in a Bloomberg survey. The producer-price index fell 4.6 percent, extending more than three years of declines.

 

EUR / USD: during the Asian session the pair rose to $ 1.1335

GBP / USD: during the Asian session the pair rose to $ 1.5365

USD / JPY: during the Asian session, the pair was trading around Y124.50

 

UK trade data at 0830GMT provides the domestic interest this morning, though more focus seen on Wednesday's UK IP/Mfg data.



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