01:30 Australia New Motor Vehicle Sales (MoM) April 1.9%
01:30 Australia New Motor Vehicle Sales (YoY) April -3.0%
01:30 Australia RBA Meeting's Minutes
04:30 Japan Tertiary Industry Index March 0.2%
06:45 France CPI, y/y (Finally) April 1.1% 1.2%
06:45 France CPI, m/m (Finally) April 0.6% 0.1%
08:30 United Kingdom Producer Price Index - Output (YoY) April 3.6% 3.4%
08:30 United Kingdom Producer Price Index - Input (YoY) April 17.9% 17%
08:30 United Kingdom Producer Price Index - Input (MoM) April 0.4% 0.0%
08:30 United Kingdom Producer Price Index - Output (MoM) April 0.4% 0.2%
08:30 United Kingdom HICP ex EFAT, Y/Y April 1.8% 2.2%
08:30 United Kingdom Retail prices, Y/Y April 3.1% 3.5%
08:30 United Kingdom Retail Price Index, m/m April 0.3% 0.5%
08:30 United Kingdom HICP, Y/Y April 2.3% 2.6%
08:30 United Kingdom HICP, m/m April 0.4% 0.4%
09:00 Eurozone Trade balance unadjusted March 17.8
09:00 Eurozone ZEW Economic Sentiment May 26.3
09:00 Eurozone GDP (YoY) (Revised) Quarter I 1.8% 1.7%
09:00 Eurozone GDP (QoQ) (Revised) Quarter I 0.5% 0.5%
09:00 Germany ZEW Survey - Economic Sentiment May 19.5 22
09:00 U.S. IEA Monthly Report
12:30 U.S. Housing Starts April 1215 1260
12:30 U.S. Building Permits April 1267 1274
13:15 U.S. Capacity Utilization April 76.1% 76.3%
13:15 U.S. Industrial Production (MoM) April 0.5% 0.3%
13:15 U.S. Industrial Production YoY April 1.5%
15:30 Eurozone ECB's Nowotny Speaks
17:00 Eurozone ECB's Benoit Coeure Speaks
22:45 New Zealand PPI Input (QoQ) Quarter I 1%
22:45 New Zealand PPI Output (QoQ) Quarter I 1.5%
23:50 Japan Core Machinery Orders March 1.5% 2.1%
23:50 Japan Core Machinery Orders, y/y April 5.6% 0.6%
In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the second highest HMI reading since the downturn.
"This report shows that builders' optimism in the housing market is solidifying, even as they deal with higher building material costs and shortages of lots and labor," said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.
"The HMI measure of future sales conditions reached its highest level since June 2005, a sign of growing consumer confidence in the new home market," said NAHB Chief Economist Robert Dietz. "Especially as existing home inventory remains tight, we can expect increased demand for new construction moving forward."
EURUSD:1.0800 (EUR 465m) 1.0850 (385m) 1.0875 (720m) 1.0900 (213m) 1.0930 (586m) 1.0950 (2.03bln) 1.1000 (477m) 1.1050 (720m)
USDJPY: 112.90-113.00 (USD 1.1bln) 113.30-40 (398m) 113.50 (220m) 113.75 (250m) 114.00 (370m) 114.25 (300m)
GBPUSD: 1.2925-35 (GBP 210m)
AUDUSD: 0.7425 (AUD 303m)
NZDUSD: 0.7000 (NZD 195m)
Business activity leveled off in New York State, according to firms responding to the May 2017 Empire State Manufacturing Survey.
The headline general business conditions index fell six points to -1.0. The new orders index dropped to -4.4,
suggesting a small decline in orders, and the shipments index edged down to 10.6, indicating that shipments increased at a slightly slower pace than in April. Labor market indicators pointed to a modest increase in both
employment and hours worked, and input prices and selling prices rose at a more moderate pace. Indexes assessing the six-month outlook were close to last month's levels, and continued to convey a high degree of optimism about future conditions.
EUR/USD
Offers: 1.0950 1.0985 1.1000 1.1030 1.1050 1.1080 1.1100
Bids: 1.0920 1.0900 1.0880 1.0850 1.0830 1.0820 1 .0800
GBP/USD
Offers: 1.2935 1.2950 1.2965 1.2980-85 1.3000 1.3020 1.3050
Bids: 1.2900 1.2875-80 1.2850 1.2830 1.2800 1.2785 1.2750
EUR/JPY
Offers: 124.50 124.80 125.00 125.30 125.50
Bids: 124.00 123.80 123.50 123.30 123.00
EUR/GBP
Offers: 0.8480-85 0.8500 0.8520 0.8550
Bids: 0.8450 0.8425 0.8400 0.8380-85 0.8365 0.8350
USD/JPY
Offers: 113.80-85 114.00 114.20 114.35 114.50 114.70 115.00
Bids: 113.30 113.00 112.80 112.45-50 112.00
AUD/USD
Offers: 0.7425-30 0.7450-55 0.7480 0.7500
Bids: 0.7400 0.7385 0.7370 0.7350 0.7330-35 0.7300
Cyber attack not limited to windows xp, numbers using xp in national health service have dropped
Britain has a 4.2 billion pound spend on it, extra 50 million pounds for cyber security over course of the spending review
Central Bank should be careful about its actions on forex market
Supports cbank policy on rouble rate
No significant damage to Russia from ransomware cyber attack
Malware created by intelligence services can backfire on its creators
Rise in tax revenues points to pick-up in economic activity
Rising budget deficit trend will become more moderate as economic activity picks up, temporary measures end
Budget deficit was wider in first four months of year due to steps to support economic growth
Says we do not need exchange rate appreciation which would prove unsustainable
Rise of excess demand is still reasonable compared with 2008
Reiterates does not see much room for real exchange rate to appreciate
Effect of excess demand on core-2 inflation is less intense, likely because of imports
RON currency developments in q1 could barely be called depreciation
Sees inflation at 3.4 pct at end-q1 2019
Inflation will re-enter target margin in q4 2017
In April 2017, the Italian consumer price index increased by 0.4% on monthly basis and by 1.9% compared with April 2016 (up from +1.4% in March). The flash estimate was +1.8%.
In April, the speed up of the annual rate of change of All items index was mainly due to prices of Regulated energy products (+5.7%, from -1.2% in the previous month), to which contributed both Electric energy (+5.4%, from -1.0% in March) and Natural gas (+5.9%, from -1.4%), and also to prices of Services related to transport (+5.5%, up from +2.5% in the previous month).
Excluding energy and unprocessed food, core inflation was +1.1%, up from +0.7% in March; excluding energy the inflation was +1.3% (up from +1.2% in the previous month).
EURUSD:1.0800 (EUR 465m) 1.0850 (385m) 1.0875 (720m) 1.0900 (213m) 1.0930 (586m) 1.0950 (2.03bln) 1.1000 (477m) 1.1050 (720m)
USDJPY: 112.90-113.00 (USD 1.1bln) 113.30-40 (398m) 113.50 (220m) 113.75 (250m) 114.00 (370m) 114.25 (300m)
GBPUSD: 1.2925-35 (GBP 210m)
AUDUSD: 0.7425 (AUD 303m)
NZDUSD: 0.7000 (NZD 195m)
The total index of producer and import prices decreased by 0.2 percent in April 2017 compared with the previous month, reaching 100.1 points (December 2015 = 100 basis).
The decline is primarily due to lower prices for petroleum products and machinery. Compared with April 2016, the price level of the total supply of domestic and imported products rose by 0.8 percent. This is evident from the figures of the Federal Statistical Office (FSO). The lower prices for machines, watches and scrap were responsible for the decline in the producer price index compared to the previous month.
Decision to change Poland's outlook based on reduced risks of loose fiscal policy, with headline fiscal balance adhering to 3% of gdp limit
Affirmation of Poland's rating is also supported by country's institutional strength, limited vulnerability to domestic, external shocks
Primary driver behind outlook change on Poland's govt issuer rating is expectation that downside risks to fiscal stance are abating
Needs to reduce cost of financing for belt and road
Needs to set up mechanism for policy coordination for belt and road
Says belt and road initiative needs to reject protectionism, avoid fragmentation
Macroeconomics statistics used for inflation targeting one "significant limiting factor" to forecast improvement
Monthly CPI data would improve bank's forecasting ability
Most likely scenario is for the OCR to remain stable for some time, though "uncertainty remains high
China's industrial production and retail sales growth decelerated more-than-expected in April reflecting weak foreign demand and domestic spending at the start of second quarter, data published by the National Bureau of Statistics, cited by rttnews.
Industrial production expanded 6.5 percent year-on-year in April, weaker than the 7.6 percent rise in March. Economists had forecast a 7 percent increase.
Likewise, retail sales growth eased to 10.7 percent from 10.9 percent in March. Sales were forecast to climb 10.8 percent.
During January to April, fixed asset investment excluding rural areas increased 8.9 percent compared to 9.2 percent growth in three months to March. Economists had forecast 9.1 percent expansion.
For the March 2017 quarter, compared with the December 2016 quarter (seasonally adjusted):
The total volume of retail sales rose 1.5 percent.
Nine of the 15 industries had higher sales volumes.
The motor-vehicle and parts retailing industry had record increases in both sales volume and value.
The total value of retail sales rose 2.6 percent.
EUR/USD
Resistance levels (open interest**, contracts)
$1.1056 (7669)
$1.1002 (4155)
$1.0969 (3827)
Price at time of writing this review: $1.0929
Support levels (open interest**, contracts):
$1.0840 (4293)
$1.0772 (5115)
$1.0688 (6169)
Comments:
- Overall open interest on the CALL options with the expiration date June, 9 is 83026 contracts, with the maximum number of contracts with strike price $1,1100 (7737);
- Overall open interest on the PUT options with the expiration date June, 9 is 89994 contracts, with the maximum number of contracts with strike price $1,0700 (6169);
- The ratio of PUT/CALL was 1.08 versus 1.08 from the previous trading day according to data from May, 12
GBP/USD
Resistance levels (open interest**, contracts)
$1.3201 (2359)
$1.3103 (2705)
$1.3005 (3728)
Price at time of writing this review: $1.2905
Support levels (open interest**, contracts):
$1.2794 (2095)
$1.2697 (1980)
$1.2598 (1553)
Comments:
- Overall open interest on the CALL options with the expiration date June, 9 is 33526 contracts, with the maximum number of contracts with strike price $1,3000 (3728);
- Overall open interest on the PUT options with the expiration date June, 9 is 35324 contracts, with the maximum number of contracts with strike price $1,1500 (3061);
- The ratio of PUT/CALL was 1.05 versus 1.06 from the previous trading day according to data from May, 12
* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.
** - Open interest takes into account the total number of option contracts that are open at the moment.
(pare/closed(GMT +2)/change, %)
EUR/USD $1,0931 +0,64%
GBP/USD $1,2885 -0,02%
USD/CHF Chf1,001 -0,67%
USD/JPY Y113,34 -0,42%
EUR/JPY Y123,90 +0,23%
GBP/JPY Y146,04 -0,42%
AUD/USD $0,7386 +0,12%
NZD/USD $0,6856 +0,18%
USD/CAD C$1,3711 +0,10%