The dollar rose against major currencies after the release of a number of US economic reports, while hopes for growth rates in the US in the coming months continue to support the US currency.

Demand for expensive manufactured goods fell last month, but the underlying figures show that business investment are slowly beginning to grow. The Commerce Department said: seasonally adjusted orders for durable goods fell in April by 0.5%. Also add that the figure for March was revised upward - up + 5.1% to + 4.4%. Economists had expected orders to decline by 0.4%. With the exception of the transport sector orders rose 0.5%. Meanwhile, over the same period last year, total orders fell by 1.3%.

The report also noted that a key indicator of business investment rose for the second consecutive month, indicating that companies are starting to slowly accelerate their investment plans. Orders for non-military capital goods (excluding aircraft) increased by 1% in April. Reading for March was revised up to + 1.5% from + 0.1%. In annual terms reduction in the number of new orders probably reflects cautious companies in terms of costs amid falling oil prices, a stronger US dollar and weak demand abroad. Energy companies, in particular, fired workers and cut investment this year. Meanwhile, a stronger dollar makes American goods more expensive for customers abroad, which is negative for exporters.

The report submitted by the Conference Board, showed that US consumer confidence index rose in May to a level of 95.4 points against 94.3 points in April (revised from 95.2 points). Economists expected the index to reach 95.0 points.

New home sales in the US increased significantly on the results of April, indicating that the housing market is beginning to recover. This was reported in the statement of the Ministry of Commerce. According to data seasonally adjusted sales of new buildings has increased in April by 6.8%, reaching an annual rate of 517 thousand units. Economists had expected sales to rise 6% to 510 thousand. We also add the figure for March was revised upward - up to 484 thousand. 481 thousand. Compared with April last year, sales of new homes rose by 26.1%.

The dollar was supported after Friday the head of the Federal Reserve Janet Yellen reiterated that interest rates will be raised later this year if the economy continues to improve as expected.

The pound fell against the dollar, approaching to the lowest since May 8. Experts point out that the pressure on the currency had unconfirmed rumors that the Bank of England conducts a confidential investigation into the potential impact of Britain's exit from the EU. Little support for the pound had data from the Confederation of British Industry (CBI), which showed that the growth of retail sales in the UK was the highest since April 2007., The company retained the optimistic for further growth in sales and orders for the next month. The volume index of retail sales in May rose to 51 compared to 12 in April, compared to the forecast at the level of 18. Rain Newton-Smith, a spokesman for CBI, said: "Retail chains are inspired by the growth in sales and orders. Low inflation, which must remain below 1% od the end of the year, given the necessary household income, which will increase spending power. "

The euro depreciated significantly against the dollar, reaching $ 1.0900, which is associated with the expectations of the negotiations with the representatives of Greece, European Commission and International Monetary Fund. Experts point out that the situation in Greece and its ability to repay the debt to the IMF continues to be the main factor of pressure on the single currency. Meanwhile, some of the Greek policies further reinforce the concern, hinting at the possibility of default. Also today, ECB Governing Council member Ardo Hansson said that while the agreement between Greece and its international creditors "is not expected." Thus he caused another wave of anxiety. In addition, he added that the situation around the country is "very complex." His comments were added to the official statements suggesting that Athens did not have enough money to pay next month with debts to the IMF. Recall, June 5 country should list the IMF about 300 million еuro. Total payment schedule from 5 to 19 June, Greece must repay approximately 1.6 billion еuros.

Polish equity market continued its downward trajectory on Tuesday. The broad market benchmark - the WIG index shed by 0.72% and the large liquid companies measure - the WIG30 index fell by 0.93%.

Chemicals name GRUPA AZOTY (WSE: ATT) was the worst-performing name within the WIG30 index, losing 4.34%. It was followed by CCC (WSE: CCC) and PKO BP (WSE: PKO), slumping 3.31% and 2.76% respectively. On the other side of the ledger, oil and gas sector representatives PGNIG (WSE: PGN) and PKN ORLEN (WSE: PKN), developer GTC (WSE: GTC) and bank ALIOR (WSE: ALR) were among the biggest advancers, gaining in the range of 1.35%-2.93%.

The WIG sub-sector indices mostly closed in negative territory, with chemicals benchmark - the WIG-CHEMIA index (-2.29%) lagging behind.

Stock indices closed lower as the Greek debt crisis and on election results in Spain weighed on markets. The Greek government is running out of cash and might not repay the IMF loans in June.

Greece's interior minister Nikos Voutsis said on Greek TV on Sunday that Greece cannot repay the IMF loans on June 05 as the country does not have money.

Greece cannot reach an agreement with its creditors to unlock the €7.2 billion tranche of loans.

The leftist Podemos and center-right Ciudadanos parties won in regional and municipal elections in Spain on Sunday.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,948.99 -82.73 -1.18 %

DAX 11,625.13 -189.88 -1.61 %

CAC 40 5,083.54 -33.63 -0.66 %

Oil prices traded lower on the stronger U.S. dollar. The greenback rose on Friday's comments by Federal Reserve Chair Janet Yellen. She noted that she expects the interest rate to be raised this year.

Today' U.S. economic data also supported the U.S. dollar. The U.S. durable goods orders declined 0.5% in April, missing expectations for a 0.4% decrease, after a 5.1% gain in March.

The U.S. durable goods orders excluding transportation rose 0.5% in April, in line with expectations, after a 0.6% increase in March.

The Conference Board's consumer confidence index rose to 95.4 in May from 94.3 in April, exceeding expectations for a rise to 95.0.

Concerns over the oil glut also weighed on oil prices. If oil prices stabilize at current levels, shale oil producers could add rigs in the coming months.

WTI crude oil for July delivery decreased to $58.18 a barrel on the New York Mercantile Exchange.

Brent crude oil for July fell to $64.40 a barrel on ICE Futures Europe.

Gold price traded lower on the stronger U.S. dollar. The greenback rose on Friday's comments by Federal Reserve Chair Janet Yellen. She noted that she expects the interest rate to be raised this year.

"If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target," Yellen said.

Today' U.S. economic data also supported the U.S. dollar. The U.S. durable goods orders declined 0.5% in April, missing expectations for a 0.4% decrease, after a 5.1% gain in March.

The decline was driven by lower orders for commercial aircraft.

The U.S. durable goods orders excluding transportation rose 0.5% in April, in line with expectations, after a 0.6% increase in March.

The Conference Board's consumer confidence index rose to 95.4 in May from 94.3 in April, exceeding expectations for a rise to 95.0.

June futures for gold on the COMEX today decreased to 1184.80 dollars per ounce.

The Federal Reserve Bank of Richmond released its survey of manufacturing activity on Tuesday. The lender said that "manufacturing activity flattened in May ".

The composite index for manufacturing rose to 1 in May from −3 in April.

The increase was driven by higher shipments and the volume of new orders.

Major U.S. stock-indexes fell on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April. Also, Federal Reserve Chair Janet Yellen said on Friday that the central bank could raise interest rates this year if the economy keeps improving as expected.

All of Dow stocks in negative area (30 of 30). Top looser - Caterpillar Inc. (САТ, -1.42%).

All of S&P index sectors also in negative area. Top looser - Basic Materials (-1.6%).

At the moment:

Dow 18045.00 -179.00 -0.98%

S&P 500 2105.75 -18.75 -0.88%

Nasdaq 100 4478.75 -50.00 -1.10%

10-year yield 2.18% -0.03

Oil 58.46 -1.26 -2.11%

Gold 1187.10 -16.90 -1.40%

The U.S. Commerce Department released new home sales data on Tuesday. New home sales increased 6.8% to a seasonally adjusted annual rate of 517,000 units in April from 484,000 units in March.

March's figure was revised up from 481,000 units.

Analysts had expected new home sales to reach 510,000 units.

The increase was driven by higher sales in the Midwest. New home sales in the Midwest climbed 36.8% in April.

The median sales price of new houses sold was $285,500 in April, up from $274,500 in March.

The Conference Board released its consumer confidence index for the U.S. on Tuesday. The index rose to 95.4 in May from 94.3 in April, exceeding expectations for a rise to 95.0. April's figure was revised down from 95.2.

The increase was driven by the better outlook for present conditions. The present conditions index climbed to 108.1 in May from 105.1 in April.

The Conference Board's consumer expectations index for the next six months decreased to 86.9 in May from 87.1 in April.

"Consumer confidence improved modestly in May, after declining sharply in April. While current conditions in the second quarter appear to be improving, consumers still remain cautious about the short-term outlook" the director of economic indicators at The Conference Board, Lynn Franco, said.

The percentage of consumers expecting more jobs in the coming months was up to 14.6% in May from 13.8% in April.

Markit Economics released its preliminary services purchasing managers' index (PMI) for the U.S. on Tuesday. The U.S. preliminary services purchasing managers' index (PMI) declined to 56.4 in May from 57.4 in April, missing expectations for a decrease to 57.0.

A reading above 50 indicates expansion in economic activity.

The decline was driven by a decrease in new business growth. The preliminary new business index declined to 55.8 in May from 57.7 in April.

"The rate of expansion remains below the buoyant rates seen throughout much of last year, as slower growth of service activity has been accompanied by a slowdown in the manufacturing sector, which has seen exporters hit by the stronger dollar," Markit Chief Economist Chris Williamson.

The Federal Housing Finance Agency (FHFA) released its monthly house price index for the U.S. on Tuesday. The U.S. house price index rose 0.3% on a seasonally adjusted basis in March, after a 0.6% gain in February. February's figure was revised down from a 0.7% rise.

There were increases in 7 of 9 regions.

On a quarterly basis, the house price index climbed 1.3% in the first quarter.

USDJPY 121.00 (USD 1.6bln) 121.50 (261m) 122.00 (751m)

EURUSD 1.0900 (EUR 458m) 1.1000 (1.8bln) 1.1100 (255m)

GBPUSD 1.5600 (GBP 327m)

USDCAD 1.2120 (USD 260m)

AUDUSD 0.7865 (AUD 200m)

NZDUSD 0.7400 (NZD 297m)

The S&P/Case-Shiller home price index increased 5.0% in March, beating expectations for a 4.6% rise, after a 5.0% gain in February.

San Francisco and Denver were the largest contributors to the rise, where prices climbed by 10.3% and 10.0%, respectively.

"Given the long stretch of strong reports, it is no surprise that people are asking if we're in a new home price bubble. The only way you can be sure of a bubble is looking back after it's over," chairman of the index committee at S&P Dow Jones Indices David Blitzer said.

On a monthly basis, the S&P/Case-Shiller home price index climbed by a seasonally adjusted 1.0% in March, after a revised 1.2% in February.

The S&P/Case-Shiller home price index measures single-family home prices in 20 U.S. cities.

U.S. stock-index futures fell after data on durable goods added to evidence the economy is emerging from a first-quarter slowdown.

Global markets:

Nikkei 20,437.48 +23.71 +0.12%

Hang Seng 28,249.86 +257.03 +0.92%

Shanghai Composite 4,910.9 +97.10 +2.02%

FTSE 7,011.94 -19.78 -0.28%

CAC 5,128.15 +10.98 +0.21%

DAX 11,712.09 -102.92 -0.87%

Crude oil $59.72 (-1.65%)

Gold $1204.00 (-0.01%)

The U.S. Commerce Department released durable goods orders data on Tuesday. The U.S. durable goods orders declined 0.5% in April, missing expectations for a 0.4% decrease, after a 5.1% gain in March.

The decline was driven by lower orders for commercial aircraft. Orders for commercial aircraft declined 4.0% in April.

The U.S. durable goods orders excluding transportation rose 0.5% in April, in line with expectations, after a 0.6% increase in March.

Orders for primary metals declined 2.1% in April, orders for computers dropped 3.4%, while orders for machinery climbed 3.1%.

A stronger U.S. dollar weighs on U.S. exports and makes imports more attractive for consumers in the U.S.

(company / ticker / price / change, % / volume)

Upgrades:

eBay (EBAY) upgraded from Hold to Buy at Axiom Capital, target raised from $60 to $70

Downgrades:

Deere (DE) downgraded to Neutral from Outperform at Robert W. Baird, target lowered to $98 from $102

Other:

Apple (AAPL) reiterated at Outperform at Cowen, target raised from $135 to $140

The Confederation of British Industry released its retail sales balance data on Wednesday. The Confederation of British Industry released its retail sales balance data on Tuesday. The CBI retail sales balance jumped to +51% in May from +12% in April.

"Low inflation, which we expect to remain below 1 percent for the rest of the year, has given household incomes a much-needed boost and greater spending power," the CBI director of economics Rain Newton-Smith said.

Sales expectations for next month jumped to +58% in May from +40% in March, the highest level since September 1988.

Economic calendar (GMT0):

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

07:15 Switzerland Employment Level Quarter I 4.23 4.22

The U.S. dollar mixed to higher against the most major currencies ahead of the U.S. economic data. The U.S. durable goods orders are expected to decrease 0.4% in April, after a 4.7% gain in March.

The U.S. durable goods orders excluding transportation are expected to rise 0.5% in April, after a 0.2% fall in March.

The S&P/Case-Shiller home price index is expected to rise by 4.6% in March, after a 5.0% gain in February.

The U.S. consumer confidence is expected to decline to 95.0 in May from 95.2 from April.

New home sales in the U.S. are expected to rise to 510,000 units in April from 481,000 units in March.

The euro traded mixed against the U.S. dollar on the Greek debt problem. Greece's interior minister Nikos Voutsis said on Greek TV on Sunday that Greece cannot repay the IMF loans on June 05 as the country does not have money.

Greece cannot reach an agreement with its creditors to unlock the €7.2 billion tranche of loans.

The British pound traded lower against the U.S. dollar due to a stronger U.S. dollar. The Confederation of British Industry released its retail sales balance data on Tuesday. The CBI retail sales balance jumped to +51% in May from +12% in April.

"Low inflation, which we expect to remain below 1 percent for the rest of the year, has given household incomes a much-needed boost and greater spending power," the CBI director of economics Rain Newton-Smith said.

Sales expectations for next month jumped to +58% in May from +40% in March, the highest level since September 1988.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair fell to $1.5382

USD/JPY: the currency pair rose to Y122.88

The most important news that are expected (GMT0):

12:30 U.S. Durable Goods Orders April 4.7% -0.4%

12:30 U.S. Durable Goods Orders ex Transportation April -0.2% 0.5%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y March 5.0% 4.6%

13:45 U.S. Services PMI (Preliminary) May 57.4 57.0

14:00 U.S. New Home Sales April 481 510

14:00 U.S. Consumer confidence May 95.2 95

16:30 U.S. FED Vice Chairman Stanley Fischer Speaks

23:50 Japan Monetary Policy Meeting Minutes

Speaking on Friday, Federal Reserve Chair Janet Yellen said that the U.S. economy is well positioned for growth despite the persistence of certain problems on a global scale. She noted that she expects the interest rate to be raised this year.

"If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target," Yellen noted.

EUR/USD

Offers 1.0910 1.0930 1.0960 1.0980 1.1000 1.1020 1.1050

Bids 1.0885 1.0870 1.0850 1.0825-30 1.0800 1.0785

GBP/USD

Offers 1.5425-30 1.5450 1.5470 1.5485 1.5500 1.5525

Bids 1.5380-85 1.5360 1.5335 1.5320 1.5300 1.5285 1.5265 1.5250

EUR/GBP

Offers 0.7085 0.7100 0.7115 0.7130 0.7165 0.7185 0.7200

Bids 0.7065 0.7050 0.7030 0.7015 0.7000

EUR/JPY

Offers 133.75-80 134.00 134.40 134.80 135.00 135.40

Bids 133.25 133.00 132.80 132.50 132.25 132.00

USD/JPY

Offers 122.75-80 123.00 123.30 123.50

Bids 122.35 122.20 122.00 121.80 121.60 121.40 121.25 121.00

AUD/USD

Offers 0.7840 0.7860 0.7920-30 0.7945 0.7965 0.7980 0.8000 0.8025

Bids 0.7785 0.7750

Most stock indices traded lower on the Greek debt crisis and on election results in Spain. The Greek government is running out of cash and might not repay the IMF loans in June.

Greece's interior minister Nikos Voutsis said on Greek TV on Sunday that Greece cannot repay the IMF loans on June 05 as the country does not have money.

Greece cannot reach an agreement with its creditors to unlock the €7.2 billion tranche of loans.

The leftist Podemos and center-right Ciudadanos parties won in regional and municipal elections in Spain on Sunday.

Current figures:

Name Price Change Change %

FTSE 100 6,994.57 -37.15 -0.53 %

DAX 11,736.03 -78.98 -0.67 %

CAC 40 5,106.93 -10.24 -0.20 %

Statistics New Zealand released its trade data on Monday. New Zealand's trade surplus narrowed to NZ$123 million in April from NZ$754 million in March. March's figure was revised up from a surplus of NZ$631 million.

The increase was driven by lower exports. Exports declined at an annual pace of 5.5% in April, while imports rose by 2.6%.

For the year ended April 2015, New Zealand's trade deficit was NZ$2.6 billion. It was the largest annual trade deficit since the year ended June 2009.

Statistics New Zealand said that it had received additional information too late. Additional information has not been included in April's release, and it may affect the petroleum and products import category, selected country totals and total imports for March 2015 and April 2015.

Federal Reserve Vice Chairman Stanley Fischer said in Israel on Monday that the interest rate hike by the Fed will depend on the incoming data, not on date.

"Our processes are not date determined, they are data determined," Fischer noted.

He pointed that market participants are focused too much on the first interest rate hike. "I think it's misleading," he added.

Fed economists expect the interest rate in the U.S. will reach from 3.25% to 4% in three to four years, according to the Fed vice chairman. Fischer noted that it would not be like the relatively rapid and predictable path of Fed interest rate hikes from 2004 to 2006.

EUR/USD: $1.0900(E458mn), $1.1000(E1.98bn), $1.1100(E255mn)

USD/JPY: Y121.00($1.68bn), Y121.50($261mn), Y122.00(626mn)

GBP/USD: $1.5600(Gbp327mn)

AUD/USD: $0.7865(A$200mn)

NZD/USD: $0.7400(NZ$297mn)

Federal Reserve Bank of Cleveland President Loretta Mester said in Reykjavik on Monday that the "time is near" for the interest rate hike by the Fed.

"If the data comes in according to my forecasts then the time is near where we're going to be wanting to raise rates," she noted.

Mester pointed out that the interest rate hike is possible on every monetary policy meeting.

Federal Reserve Bank of Cleveland president also said that a longer period of low interest rates may pose risks to financial stability.

Mester is not a voting member of the Federal Open Market Committee this year.

Greece's interior minister Nikos Voutsis said on Greek TV on Sunday that Greece cannot repay the IMF loans on June 05 as the country does not have money. Greece failed to reach an agreement with its creditors to unlock the €7.2 billion tranche of loans.

China's Ministry of Finance said in a statement on Monday that it will lower import taxes on some products such as cosmetics, shoes, clothes and diapers in June to boost domestic consumption. The government will cut import taxes by an average over 50%.

Britain's Prime Minister David Cameron has announced on Sunday to freeze ministerial pay until 2020. This decision will help to save about £800,000 a year and £4 million by 2020.

Cabinet ministers in the U.K. currently receive a salary of £134,565. The prime minister's salary is £142,500.

The independent watchdog, the Independent Parliamentary Standards Authority (IPSA), said that salaries of Members of the Parliament should be increased by 9% this year. But the government made it clear that the increase should not be more than 1%.

EUR / USD

Resistance levels (open interest**, contracts)

$1.1141 (4273)

$1.1093 (2174)

$1.1055 (1379)

Price at time of writing this review: $1.0930

Support levels (open interest**, contracts):

$1.0902 (8647)

$1.0871 (3394)

$1.0837 (3317)

Comments:

- Overall open interest on the CALL options with the expiration date June, 5 is 107634 contracts, with the maximum number of contracts with strike price $1,1500 (4903);

- Overall open interest on the PUT options with the expiration date June, 5 is 130937 contracts, with the maximum number of contracts with strike price $1,0800 (9014);

- The ratio of PUT/CALL was 1.22 versus 1.25 from the previous trading day according to data from May, 22

GBP/USD

Resistance levels (open interest**, contracts)

$1.5703 (2628)

$1.5606 (2457)

$1.5510 (1375)

Price at time of writing this review: $1.5443

Support levels (open interest**, contracts):

$1.5393 (2843)

$1.5296 (1822)

$1.5198 (2093)

Comments:

- Overall open interest on the CALL options with the expiration date June, 5 is 34939 contracts, with the maximum number of contracts with strike price $1,5700 (2628);

- Overall open interest on the PUT options with the expiration date June, 5 is 51935 contracts, with the maximum number of contracts with strike price $1,5000 (3281);

- The ratio of PUT/CALL was 1.49 versus 1.48 from the previous trading day according to data from May, 22

* - 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.

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

---

The dollar-denominated measure added 0.7 percent over the past three days. Investors await a report on U.S. durable goods Tuesday after last week's reading on inflation was stronger than expected, bringing the Federal Reserve a step closer to raising interest rates.

Greek officials will use Tuesday to revive their bid to access financial aid with their finance minister, Yanis Varoufakis, blaming creditors' insistence on more austerity for the impasse. While Greek Prime Minister Alexis Tsipras's spokesman Gabriel Sakellaridis said Monday that a deal can be reached by the end of May, he admitted that disagreements remain in areas such as budget targets, sales-tax rates, pension and labor market rules.

EUR / USD: during the Asian session the pair fell to $ 1.0930

GBP / USD: during the Asian session the pair fell to $ 1.5430

USD / JPY: during the Asian session the pair rose to Y121.80

Ongoing Greece debt concerns will be in the spotlight during the European morning, followed into the afternoon by release of US durable goods at 1230GMT, with US new home sales and consumer confidence at 1400GMT. Domestic data has CBI reported sales at 1000GMT (median 20 vs last 12).

(index / closing price / change items /% change)

Nikkei 225 20,413.77 +149.36 +0.74 %

S&P/ASX 200 5,721.5 +56.76 +1.00 %

Shanghai Composite 4,813.8 +156.20 +3.35 %

CAC 40 5,117.17 -25.72 -0.50 %

(pare/closed(GMT +3)/change, %)

EUR/USD $1,0979 -0,30%

GBP/USD $1,5469 -0,12%

USD/CHF Chf0,9452 +0,18%

USD/JPY Y121,53 -0,01%

EUR/JPY Y133,43 -0,31%

GBP/JPY Y188,01 -0,12%

AUD/USD $0,7822 -0,08%

NZD/USD $0,7307 +0,04%

USD/CAD C$1,2310 +0,27%

(time / country / index / period / previous value / forecast)

07:15 Switzerland Employment Level Quarter I 4.23

12:30 U.S. Durable goods orders ex defense 2.6%

12:30 U.S. Durable Goods Orders April 4.7% -0.2%

12:30 U.S. Durable Goods Orders ex Transportation April -0.2% 0.5%

13:00 U.S. Housing Price Index, m/m March 0.7%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y March 5.0% 4.8%

13:45 U.S. Services PMI (Preliminary) May 57.4 57.5

14:00 U.S. Richmond Fed Manufacturing Index May -3

14:00 U.S. New Home Sales April 481 510

14:00 U.S. Consumer confidence May 95.2 95

23:50 Japan Monetary Policy Meeting Minutes