Forex News
Current Account Deficit Remained Modest in Q1
The U.S. current account deficit, which has totaled only 2.7 percent of GDP over the past four quarters, continues to be financed largely via foreign purchases of U.S. Treasury securities.
Producer Prices Rebound in May
Led by solid gains in food and energy, headline PPI increased a stronger-than-expected 0.5 percent in May.
FX Daily Majors
Today’s highlights: • USDJPY falls sharply again and we look for a test of key 38.2% retracement/price support at 93.57/92.57, but look for a floor here.
Australia: Labour Force (May 2013)
Employment rises 1.1k (DB and market at -10k), unemployment rate falls to 5.5% from an upwardly revised 5.6% last month (DB 5.5%, market 5.6%).
Labour Force – May 2013
• Employment edged up by 1.1k in May. Full-time jobs eased by 5.3k after a revised 29.8k increase in April.
UK jobless claims release better then forecast
UK jobless claims showed a drop of 8.6 thousands to 1.51 million, compared to estimates of 5.0 thousands drop, while the previous reading of -7.3 thousands was revised to -11.8 thousands.
Consumer sentiment buoyed by low interest rates
• Consumer sentiment rose by 4.7% in June to be 6.9% higher than a year ago.
Asian FX Update
ASIAN CREDIT SELL‐OFF SPEAKS VOLUMES: SELL ASIAN FX • Asian credit weakness depicts a shift driven by Fed expectations, now rippling through Asian FX.
GBP/USD Technical Analysis
(1,5580) The CABLE confirmed also yesterday further consolidation interior the inside day with 1,5685 – 1,5370 still the levels to follow in the coming hours.
Housing Finance – April 2013
• The number of housing loans to owner-occupiers (O-Os) edged higher by 0.8% in April to be 6.9% higher over the year.
Norway Core inflation beats expectations in May
• CPI at 2.0% and CPI-ATE at 1.4% in May • Inflation pulled up by airfares and food prices