FXStreet (Guatemala) – Sean Callow, analyst at Westpac Banking Corporation noted the forthcoming key events for the day.
Key Quotes:
“The RBA Jun board meeting minutes will be released at 11:30am Syd/9:30am Sing/HK. The RBA suggested in the statement that they would wait for further information on economic and financial conditions.”
“Governor Stevens’ speech in Brisbane last week clarified an easing bias. We will look for any remarks on the currency. Given that the meeting was held before the release of the national accounts, there may be less commentary than usual on the economy.”
“The fortnightly NZ GlobalDairyTrade auction will be held during the Lon/NY session. This will be closely watched given the focus the RBNZ placed on weakness in dairy prices, which was seen as a sufficient risk to domestic demand to surprise much of the market with a rate cut. Markets will now look to the next few dairy auctions to determine if a follow up cut in July is on the table.”
“BoJ governor Kuroda will speak to a parliamentary committee from 11am Syd/10am local.”
“UK CPI slipped to -0.1%y/y in Apr, and is likely to remain around zero for at least the coming months. Market consensus for the May print is 0.1%. The BoE suggests that temporary factors – oil prices, food prices and the appreciation of the pound – are weighing on inflation.”
“In Germany, the ZEW Jun survey of analysts’ expectations should continue to fall, to 38.5. US May housing starts should pull back slightly after the stunning, weather-affected 20.2% gain in Apr, with the median at -4.0%m/m, while the number of units remains high.”
(Market News Provided by FXstreet)