Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:00 Australia Consumer Inflation Expectation June 3.2%
01:30 Australia National Australia Bank’s Business Confidence May 5 3
04:30 Japan Industrial Production (MoM) (Finally) April 0.3% Revised From 3.8% 0.4% 0.5%
04:30 Japan Industrial Production (YoY) (Finally) April 0.2% -3.5% -3,3%
07:15 Switzerland Producer & Import Prices, m/m May 0.3% 0.1% 0.4%
07:15 Switzerland Producer & Import Prices, y/y May -2.4% -1.5% -1.2%
08:30 United Kingdom Producer Price Index – Output (MoM) May 0.3% Revised From 0.4% 0.3% 0.1%
08:30 United Kingdom Producer Price Index – Output (YoY) May -0.7% -0.4% -0.7%
08:30 United Kingdom Producer Price Index – Input (MoM) May 0.9% 0.9% 2.6%
08:30 United Kingdom Producer Price Index – Input (YoY) May -7% Revised From -6.5% -5% -3.9%
08:30 United Kingdom Retail Price Index, m/m May 0.1% 0.3% 0.3%
08:30 United Kingdom Retail prices, Y/Y May 1.3% 1.4% 1.4%
08:30 United Kingdom HICP, m/m May 0.1% 0.3% 0.2%
08:30 United Kingdom HICP, Y/Y May 0.3% 0.4% 0.3%
08:30 United Kingdom HICP ex EFAT, Y/Y May 1.2% 1.3% 1.2%
09:00 Eurozone Industrial production, (MoM) April -0.7% Revised From -0.8% 0.8% 1.1%
09:00 Eurozone Industrial Production (YoY) April 0.2% 1.4% 2%
09:00 Eurozone Employment Change Quarter I 0.3% 0.3%
The U.S. dollar traded mixed to higher against the most major currencies ahead of the release of the U.S. economic data from the U.S. The U.S. retail sales are expected to rise 0.3% in May, after a 1.3% gain in April.
The euro traded lower against the U.S. dollar despite the positive trade data from the Eurozone. Eurostat released its industrial production data for the Eurozone on Tuesday. Industrial production in the Eurozone climbed 1.1% in April, exceeding expectations for a 0.8% gain, after a 0.7% drop in March. March’s figure was revised up from a 0.8% decrease.
On a yearly basis, Eurozone’s industrial production rise 2.0% in April, beating expectations for a 1.4% rise, after a 0.2% increase in March.
Eurozone’s employment increased by 0.3% in the first quarter, after a 0.3% rise in the fourth quarter.
The British pound traded mixed against the U.S. dollar on the latest poll results. According to the latest polls, the majority of Britons would support Britain’s exit from the European Union (EU).
The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index remained unchanged at 0.3% year-on-year in May. Analysts had expected to rise to 0.4%.
The increase was mainly driven by rises in transport costs, restaurant and hotel bills and the price of telecommunication services.
On a monthly basis, U.K. consumer prices increased 0.2% in May, missing expectations for a 0.3% gain, after a 0.1% rise in April.
Consumer price inflation excluding food, energy, alcohol and tobacco prices remained unchanged at 1.2% year-on-year in May, missing expectations for an increase to 1.3%.
The consumer price inflation is below the Bank of England’s 2% target.
The Swiss franc traded lower against the U.S. dollar. The Federal Statistical Office released its producer and import prices data on Tuesday. Switzerland’s producer and import prices rose 0.4% in May, beating expectations for a 0.1% gain, after a 0.3% increase in April.
The rise was driven by higher prices for scrap and petroleum products.
On a yearly basis, producer and import prices plunged 1.2% in May, beating expectations for a 1.5% fall, after a 2.4% drop in April.
EUR/USD: the currency pair fell to $1.1207
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair climbed to Y106.01
The most important news that are expected (GMT0):
12:30 U.S. Retail sales May 1.3% 0.3%
12:30 U.S. Retail Sales YoY May 3%
12:30 U.S. Retail sales excluding auto May 0.8% 0.4%
12:30 U.S. Import Price Index May 0.3% 0.7%
14:00 U.S. Business inventories April 0.4% 0.2%
22:45 New Zealand Current Account Quarter I -2.61 1.05
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