Forex News
Retail Sales and Trade Balance in Australia
Australia’s seasonally adjusted retail sales fell to 0.1% in May, compared with a previous reading of 0.2% a month earlier revised to -0.1%,
May Orders and Shipments Point to Improving Factory Sector
The factory sector looks to have moved through its recent soft patch, with orders up in May for the second consecutive month.
Morning FX Market Commentary
Dollar fails to profit from rebound in manufacturing ISM On Monday, the long list of business confidence indicators was not able to give currency trading a clear direction.
RBA Cash Rate Target Unchanged At 2.75%
RBA statement: “The Australian dollar has depreciated by around 10 per cent since early April, although it remains at a high level.
US June ISM Manufacturing Report higher than estimated
The ISM published its factory activity survey for June, where it showed an increase in its manufacturing conditions index to 50.9, versus estimates of 50.5,
Mid-Day FX Market Analysis
USD: The Dollar is finding moderate pressure at the start of the new trading week, although prices have kept within a fairly tight trading range near last Friday’s high for the move.
BoJ Tankan: Economic recovery intact, corporate finance in spotlight
The June Tankan survey indicated that business sentiment and activity have improved overall, in line with expectations.
Morning FX Market Commentary
EUR/USD holding near 1.30 going into the key US eco data On Friday, trading in EUR/USD was mostly technical in nature.
House Prices – June 2013
The RP Data-Rismark series indicates that dwelling prices rose by 1.9% in June to be 3.8% higher through the year.
Business Spending Mid-Year Outlook
Even as economic recovery has given way to expansion, the primary measures of business spending and output are still struggling to dig out of the hole created by the recession.
Morning FX Market Commentary
Dollar rally slows On Thursday, markets rebounded from the post Fed repositioning. The dollar did run into resistance.
Japan core CPI flat y/y in May; we expect y/y upturn in June
The CPI excluding perishables (core) turned flat y/y in May (April: -0.4%), matching both our forecast and the Bloomberg median estimate.