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Economic calendar (GMT0):
01:30 Australia New Motor Vehicle Sales (MoM) April -0.3% 0%
01:30 Australia New Motor Vehicle Sales (YoY) April -2.8% -1.9%
04:25 Japan BOJ Governor Haruhiko Kuroda Speaks
05:00 Japan Consumer Confidence April 37.5 38.3 37.0
05:30 France GDP, q/q (Preliminary) Quarter I +0.2% +0.4% +0.0%
05:30 France GDP, Y/Y (Preliminary) Quarter I +0.8% +0.8%
06:00 Germany GDP (QoQ) (Preliminary) Quarter I +0.4% +0.7% +0.8%
06:00 Germany GDP (YoY) (Preliminary) Quarter I +1.3% +2.3%
07:15 Switzerland Producer & Import Prices, m/m April 0.0% +0.3% -0.3%
07:15 Switzerland Producer & Import Prices, y/y April -0.7% -1.2%
08:00 Eurozone ECB Monthly Report May
09:00 Eurozone Harmonized CPI April +0.9% +0.2%
09:00 Eurozone Harmonized CPI, Y/Y (Finally) April +0.7% +0.7% +0.7%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y April +0.7% +0.7% +1.0%
09:00 Eurozone GDP (QoQ) (Preliminary) Quarter I -0.2% +0.4% +0.2%
09:00 Eurozone GDP (YoY) (Finally) Quarter I +0.4% +0.9%
The U.S. dollar traded higher against the most major currencies amid the release of the U.S. consumer price index and the speech of the Fed Chair Janet Yellen. The U.S. consumer price index should increase 0.3% in April, from a 0.2% rise in March. The U.S. producer price index excluding food and energy should climb 0.2% in April.
The euro hits 2.5-month lows against the U.S. dollar due to the weaker-than-expected GDP in the Eurozone. Eurozone’s gross domestic product increased 0.2% in the first quarter, from a 0.2% decrease in the previous quarter. Analysts had expected a 0.4% rise. On a yearly basis, the GDP in the Eurozone rose 0.9%, missing expectations for an increase of 1.1%.
On a yearly basis, Eurozone’s harmonized consumer price index was unchanged at 0.7% in April. Analysts had forecasted this figure. On a monthly basis, the consumer price index in the Eurozone rose 0.2% April, from a 0.9% gain in March. The inflation rate is still well below the ECB's 2% inflation target.
The French GDP (preliminary) was flat in the first quarter, from a 0.2% increase in the previous quarter. The figure of Q4 2013 was revised down from 0.3%. Analysts had expected a 0.4% rise. On yearly basis, the French GDP (preliminary) remained unchanged at 0.8% in the first quarter.
The German GDP (preliminary) increased 0.8% in the first quarter, from a 0.4% increase in the previous quarter. Analysts had expected a 0.7% rise. On yearly basis, the German GDP (preliminary) rose 2.3% in the first quarter, from a 1.3% gain in the previous quarter.
The British pound traded lower against the U.S. dollar. No economic data was published in the U.K.
The Swiss Franc hits 2.5-month lows against the U.S. dollar due to the weak economic data in Switzerland and the strength of the U.S. dollar. Producer & import prices declined 0.3% in April, from 0.0% in March. Analysts had forecasted a 0.3% increase. On yearly basis, producer & import prices fell 1.2% in April, from a 0.7% decline in March.
EUR/USD: the currency pair dropped to $1.3649
GBP/USD: the currency pair declined to $1.6730
USD/JPY: the currency pair traded mixed
USD/CHF: the currency pair increased to CHF0.8958
The most important news that are expected (GMT0):
12:30 Canada Manufacturing Shipments (MoM) March +1.4% +0.2%
12:30 U.S. Initial Jobless Claims May 319 321
12:30 U.S. NY Fed Empire State manufacturing index May 1.3 7.2
12:30 U.S. CPI, m/m April +0.2% +0.3%
12:30 U.S. CPI, Y/Y April +1.5%
12:30 U.S. CPI excluding food and energy, m/m April +0.2% +0.2%
12:30 U.S. CPI excluding food and energy, Y/Y April +1.7%
13:00 U.S. Total Net TIC Flows March 167.7
13:00 U.S. Net Long-term TIC Flows March 85.7 47.3
13:15 U.S. Industrial Production (MoM) April +0.7% +0.4%
13:15 U.S. Capacity Utilization April 79.2% 79.2%
14:00 U.S. Mortgage Delinquencies Quarter I 6.41%
14:00 U.S. Philadelphia Fed Manufacturing Survey May 16.6 13.9
14:00 U.S. NAHB Housing Market Index May 47 49
16:30 Canada BOC Deputy Governor Lawrence Schembri Speaks
23:00 U.S. Fed Chairman Janet Yellen Speaks
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