- There was a real lack of data released yesterday, particularly in the morning session, with just a few low key Eurozone figures to digest:
- Retail PMI 52.0 (52.7 Previous)
- Sentix Investor Confidence 28.4 (27.6 Exp)
- Retail Sales m/m 0.1% (0.2%)
- Perhaps unsurprisngly we saw Sterling sold off a fraction throughout the morning as pre-election jitters continue to impact the Pound.
- US JOLTS Job openings hit a record high of 6.04 Millionyesterday afternoon, against expectations of 5.65 Million for the month of May.
- This print however was not enough to stop the US Dollar Index dropping to a fresh 7 month low.
- New Zealand Global Dairy Trade Price Index rose once again over the previous fortnight. The increase of 0.6%, comes off the back of a rise of 3.2% previously and represents the 6th consecutive gain of this reading.
- Canadian Ivey PMI 53.8 (62.0 Exp).
- Both the Aussie and Kiwi Dollars are firmly on the front foot this morning following some encouraging data releases overnight and this morning:
- New Zealand Manufacturing Sales q/q 2.8% (0.3% Exp)
- Australia GDP q/q 0.3% (0.2% Exp)
- Australia AIG Construction Index 56.7 (51.9 Previously)
- German Factory Orders m/m -2.1% (-0.2% Exp)
- UK Halifax HPI m/m (-0.2% Exp)
- UK ELECTIONS: Opinium Poll: Tories 43% (-) vs Labour 36% (-1)
- According to Reuters, the UK Ashcroft Elector Model would suggest the Conservatives will land a 64 seat majority, up from 60 previously.
- Incredibly sparse data calendar today.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10.00||EUR||Italian Retail Sales m/m||0.2%||0.0%|
|10.00||ROW||OECD Economic Outlook|
|13.30||CAD||Building Permits m/m||2.4%||-5.8%|
|20.00||USD||Consumer Credit m/m||15.2Bn||16.4Bn|