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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia Trade Balance April -1.97 Revised From -2.16 -2 -1.58
01:30 Australia Retail Sales, M/M April 0.4% 0.3% 0.2%
05:00 Japan Consumer Confidence May 40.8 40.4 40.9
08:30 United Kingdom PMI Construction May 52 52 51.2
09:00 OPEC OPEC Meetings
09:00 Eurozone Producer Price Index (YoY) April -4.1% Revised From -4.2% -4.1% -4.4%
09:00 Eurozone Producer Price Index, MoM April 0.3% 0.1% -0.3%
11:45 Eurozone ECB Interest Rate Decision 0.0% 0.0% 0.0%
The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. Private sector in the U.S. is expected to add 175,000 jobs in May, according the ADP report on Wednesday.
The number of initial jobless claims in the U.S. is expected to rise by 2,000 to 270,000 last week.
The euro traded mixed against the U.S. dollar after the release of the European Central Bank's (ECB) interest rate decision. The central bank kept its interest rate unchanged as widely expected by analysts. The ECB will start to buy corporate bonds on June 08.
A press conference is scheduled to be at 12:30 GMT.
Eurostat released its producer price index for the Eurozone on Thursday. Eurozone's producer price index declined 0.3% in April, missing expectations for a 0.1% rise, after a 0.3% increase in March.
On a yearly basis, Eurozone's producer price index dropped 4.4% in April, missing expectations for a 4.1% decline, after a 4.1% fall in March. March's figure was revised up from a 4.2% drop.
Eurozone's producer prices excluding energy fell 1.2% year-on-year in April, after a 1.1% decline in March. Energy prices dropped at an annual rate of 12.5% in April.
The British pound traded higher against the U.S. dollar after the release of the weaker-than-expected construction PMI data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. dropped to 51.2 in May from 52.0 in April. It was the lowest level since June 2013. Analysts had expected the index to remain unchanged at 52.0.
A reading above 50 indicates expansion in the construction sector.
The decline was mainly driven by a drop in new orders.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair rose to $1.4467
USD/JPY: the currency pair was down to Y108.83
The most important news that are expected (GMT0):
12:15 U.S. ADP Employment Report May 156 175
12:30 Eurozone ECB Press Conference
12:30 U.S. Initial Jobless Claims May 268 270
12:35 U.S. FOMC Member Jerome Powell Speaks
13:00 United Kingdom BOE Gov Mark Carney Speaks
14:00 Eurozone ECB President Mario Draghi Speaks
15:00 Canada BOC Deputy Governor Lawrence Schembri Speaks
15:00 U.S. Crude Oil Inventories May -4.226 -2.72
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