Data
01:00 Australia Consumer Inflation Expectation June +2.3% +2.3%
01:30 Australia Unemployment rate May 5.5% 5.6% 5.5%
01:30 Australia Changing the number of employed May 50.1 -9.8 1.1
07:15 Switzerland Producer & Import Prices, m/m May +0.2% +0.1% -0.3%
07:15 Switzerland Producer & Import Prices, y/y May -0.1% +0.1% -0.2%
08:00 Eurozone ECB Monthly Report June
12:15 United Kingdom MPC Member Tucker Speaks
The dollar rose against the euro as market participants' attention is now focused on the publication of the U.S. data. Experts predict that U.S. retail sales are likely to increase in May, the most in three months, as Americans took advantage of cheap loans to buy new cars, economists say. Is expected to increase by 0.4% after increasing 0.1% in April, according to the median forecast of economists. Borrowing costs are reduced because of the uncertainty in the future of monetary stimulus by the Federal Reserve, increasing car sales in the face of rising taxes and limiting the growth of income. Increase in stock prices and housing prices are the basis of household purchases, which account for about 70 percent of the economy. We add that the Commerce Department will publish a report on retail sales for 12:30 GMT. Estimates of economists range from a decline of 0.1 percent to 0.8 percent growth. Employment growth, which leads to an increase in wage growth, will help spur consumer purchases. Recall that employers added 175,000 jobs last month. The average monthly increase in the last year was 176,250.
The Australian dollar rose against the U.S. dollar, after data from the Australian Bureau of Statistics showed that by the end of last month, the number of employed in Australia unexpectedly increased, led by growth in the number of which was a part-time employment. It should be noted that the report also showed a slight drop in the unemployment rate. According to a report in May, the number of employees increased by 1,100, reaching at this level 11.66 million be added that according to the average forecasts of experts, the value of this index was reduced by 9,800 people. It should be noted that this increase followed a gain on the April 45000, which was revised downwards to 50,100 people. In a related report, which was annexed to the present data, the Australian Bureau of Statistics reported that the overall data for May were better than expected, but in spite of this, the Australian labor market is still dominated by weakness. We add that the published data also showed that from April to May, total employment fell by 5,300 people (up to 8,153 million), which was partially offset by an increase in employment of part-time work for 6,400 people (up to 3.509 million). In addition, it was reported that the unemployment rate fell last month to 5.5 percent, compared with a revised upward index for April at 5.6 percent. Recall that originally reported the April unemployment at 5.5 percent. We add that the number of unemployed decreased in the month of May 3600, or at 0.5 percent for the month, while reaching a level of 682,900 people.
The yen rose to a peak in the last two months against the dollar and crossed the mark of Y95.00 after official data showed that Japanese investors sold foreign shares and bonds of the 4th week in a row. It is worth noting that today, Haruhiko Kuroda, governor of the Bank of Japan, said the central bank will continue its policy easing, assuring Prime Minister Shinzo Abe, the recent volatility in the markets will gradually decrease. Bank of Japan's "determined to continue the qualitative and quantitative easing to support the Japanese economy," - said Kuroda told reporters after a meeting with Abe. According to the Nikkei, Kuroda also told the prime minister that the financial markets "settle down in response to the positive developments in the economy." Prime Minister Abe and the governor of the Bank of Japan met before the meeting of the leaders of the G, scheduled for next week, where Abe is expected to explain its economic policies
EUR / USD: during the European session, the pair fell to $ 1.3310
GBP / USD: during the European session, the pair rose c $ 1.5640 to $ 1.5685
USD / JPY: during the European session, the pair fell to Y93.78, but then rose to Y94.46
At 12:30 GMT in Canada will price index for housing in the primary market for April and the capacity utilization rate in Q1. Also this time, the U.S. will become aware of the change in the volume of retail trade, changes in the volume of retail sales excluding auto sales and changes in the volume of retail trade sales, excluding cars and fuel in May, and will import price index for May. At 14:00 GMT the United States will announce the change in our Business Inventories for April. At 22:30 GMT New Zealand will index of business activity in the manufacturing sector of Business NZ in May. At 23:50 GMT Japan will be published in the minutes of the meeting of the Bank of Japan on monetary policy in May.