Blogs

While imports are +8.5% y/y over the same period. If that sort of trend holds over the month it'd be a bit of an encouraging sign from SK.  Meanwhile AUD, NZD, GBPP, EUR all losing a little more ground agains against the USD as Asia FX gets more active. 

DB looking for a '2nd stage' USD decline – focus will once again turn to specific growth outcomes across countries – US management of virus crisi has been "suboptimal", and there are large fiscal cliffs ahead DB "would frame dollar weakness around two stages Stage 1: the removal of the dollar risk pr

The UK  Institute of Directors monthly sentiment survey for May – confidence in the economy rose to -60 in May from -67 in April – both investment and hiring intentions sank to their lowest in more than three years

Royal Institution for Chartered Surveyors (RICS) May comes in at -32%, 10 year low. RICS Chief Economist Simon Rubinsohn: – sales that were in the pipeline before the lockdown were now largely going through. "But it remains to be seen how sustained this improvement will prove"

Bounce back as the country began to exit lock down.  Total card spending +80.7% %  – prior -48.3% m/m Retail card spending +78.9% m.m

Not a real lot going on  but AUD and emini equity futures are down just a touch. Still early in the Asia morning, just going past 7.30am in Tokyo. There is not much on data front of importance due today:

EUR/USD pares losses to flat levels on the day now For bank trade ideas, check out eFX Plus The dollar is pulling back some of its earlier gains on the session, but remains firmly stronger against most major currencies. The only exception being EUR/USD notably climbing back to flat levels on the day now at […]

GBP/USD focus turns back towards the 200-day moving average and key near-term levels in trading today For bank trade ideas, check out eFX Plus The pair made an effort to get above the 1.2800 in trading yesterday but buyers failed to keep a break above the figure level, before price action retreated towards 1.2700 levels.

AUD/USD is down by around 1% in trading today For bank trade ideas, check out eFX Plus The pair is keeping lower as the dollar is firmer in trading today amid the softer risk mood in the market, with European stocks and US futures pulling back by a decent bit.

NASDAQ index closes at a record level The NASDAQ index led the way and was the only major indices in Europe or the US to close higher. It also closed at a new all-time record high. Amazon, Microsoft, and Apple all closed at record high levels.