Yesterday we got GDP data from Australia for Q1, exports were a big contributor to economic growth in the quarter. Today we get a first look at official export data for Q2 with the April trade balance, with a sizeable surplus the central expectation:
Forex news for New York trade on June 6, 2018: Markets: – Gold up $1 to $1296 – S&P 500 up 18 points 2772 – US 10-year yield up 4 bps to 2.97% – WTI crude down 48-cents to $65.04 The US dollar sputtered early in New York trade despite an upbeat trade number but…
Not a lot on the data agenda for the session in Asia 2230 GMT Australia construction sector PMI for May This will complete all 5 (yes, 5!) PMIs from Australia:
3rd record close in a row for the Nasdaq The major stock indices are ending with solid gains. The indices were led by the Dow 30 stocks today. That index increased by 1.40%.
200 day MA is being tested for the 2nd time today As the market trades up and down, traders need to look for technical clues that give bullish or bearish bias clues.For the USDJPY, the pair traded up and down, but the lows found support against a prior resistance level. That kept the bullish bias.
Crude oil futures fall -1.21% on the back of a surprise build of inventories The price of crude oil futures are settling at $64.73. That is down $0.79 or -1.21% on the day.
OPEC meet in June 22 in Vienna , supply restrictions (an easing of them) is likely to be topic #1 for a hookers and blow fest ANZ have published a useful report looking ahead. Their ‘in a nutshell’ summary:
Overnight EUR strength on the remarks from European Central Bank chief economist Peter Praet He was very clear indeed: – Though it will be a “judgment” call This follows the EUR rally the previous day on the back of hints:
Trump called Corker to try to talk him out of tariff bill Senator Bob Corker refuted the president today by introducing an amendment to a bill that will remove the President’s ability to impose tariffs via Section 232.
I don’t know about anyone else but I have returned to complacency on Italy. Sure, further out I reckon its ticking bomb, but for now …. nah. Not so though says DB.