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Economic calendar (GMT0):
05:00 Japan Leading Economic Index April 107.1 106.2 106.6
05:00 Japan Coincident Index April 114.5 111.1
06:00 Germany Trade Balance April 14.8 14.3 17.7
06:00 Germany Industrial Production s.a. (MoM) April -0.5% +0.4% +0.2%
06:00 Germany Industrial Production (YoY) April +3.0% +1.8%
06:00 Germany Current Account April 19.5 18.4
06:45 France Trade Balance, bln April -4.9 -5.0 -3.9
07:00 Switzerland Foreign Currency Reserves April 438.9 444.4
07:15 Switzerland Consumer Price Index (MoM) May +0.1% +0.2% +0.3%
07:15 Switzerland Consumer Price Index (YoY) May 0.0% +0.1% +0.2%
08:30 United Kingdom Consumer Inflation Expectations Quarter II +2.8% +2.6%
The U.S. dollar traded mixed against the most major currencies ahead of the U.S. jobs market data. The unemployment rate in the U.S. should increase to 6.4% in May, after 6.3% in April.
The number of additional jobs in the private sector should climb by 218,000 jobs in May, after 288,000 jobs in April.
The euro traded lower against the U.S. dollar, but recovered a part of its losses. Market participants seemed to be unimpressed by the stimulus measures by the European Central Bank.
German economic data was released. Germany's trade surplus climbed to €17.7 billion in April from €15.0 billion in March. March’s figure was revised up from a surplus of €14.8 billion. Analysts had expected Germany’s trade surplus to increase to €15.2 billion.
German industrial production rose 0.2% in April, missing expectations for a 0.4% gain, after a 0.5% decline in March. On a yearly basis, the industrial production in Germany increased 1.8% in April, after a 3.0% rise in March.
Germany’s current account surplus declined to €18.4 billion in April from €19.5 billion in March.
The British pound traded mixed against the U.S. dollar. The U.K. trade deficit rose to £8.92 billion in April, from £8.29 billion in March. March’s figure was revised up from a deficit of £8.48 billion. Analysts had expected the U.K. trade deficit to increase to £8.65 billion.
The U.K. consumer inflation expectations declined to 2.6% from 2.8%.
The Swiss franc traded mixed against the U.S. dollar. Switzerland’s consumer price index climbed 0.3% in May, exceeding expectations for a 0.2% gain, after a 0.1% rise in April.
The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian labour market data. The unemployment rate in the Canada should remain unchanged at 6.9% in May.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 Canada Labor Productivity Quarter I +1.0% +0.7%
12:30 Canada Employment May -28.9 +12.3
12:30 Canada Unemployment rate May 6.9% 6.9%
12:30 U.S. Average hourly earnings May 0.0% +0.2%
12:30 U.S. Nonfarm Payrolls May 288 219
12:30 U.S. Unemployment Rate May 6.3% 6.4%
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