Intraday Analysis Update Wed Dec - 11

Intraday Markets

Could USA oil supplies data cause WTI oil to flirt with the critical $100 a barrel level?

Wednesday sees the publication of USA oil supplies data, expected to print at -5.6 bn barrels, whilst the USA federal budget balance is expected to print at $154.6 bn, significantly worsening from the previous month's figure of $91.6 bn. In New Zealand the cash rate is announced, predicted to stay the same at 2.5%. The press conference, the rate statement and the policy statement will accompany the announcement of the base interest rate, finally later that evening the RBNZ governor Wheeler will conduct a conference.

see more at : Intraday Analysis Update Wed Dec - 11

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.

Intraday Analysis Update Tue Dec -10

ECOFIN meetings might affect Euro direction, whilst important USA economic data is published in the New York session see more at : 

Intraday Analysis Update Tue Dec -10

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.

MAYZUS : Dollar Smoked After ISM

The market is hooked on the whims of US economic data with Fed tapering on the horizon. A soft ISM manufacturing reading Monday crushed the US dollar. Meanwhile, the Australian dollar had its best day of 2013, climbing nearly 200 pips ahead of today's RBA decision. Ashraf is on travel in the MidEast. A new edition of the Premium Insights will be released on Tuesday. EURUSD and 1 of USDJPY were stopped out, 1 of 3 AUDUSD are in progress.

The USD/JPY bulls were wavering ahead of the ISM manufacturing PMI and they cracked when the numbers were released. The index fell to 49.0 which is in contractionary territory for the first time since November and below the 50.7 expected.

The miss in the data was sizable but not incredible but it didn't matter to the market. Traders had grown overwhelmingly long the US dollar in May and everyone seemingly rushed for the exits at the same time. USD/JPY broke below 100 and then 99 to as low as 98.87.

Other USD moves were also dramatic. EUR/USD, which slumped to 1.2956 ahead of the data whipsawed traders and rallied to 1.3100. The Canadian dollar posted its best gain in a year with USD/CAD falling a fell cent to 1.0276.

Late in the day, USD/JPY and other pairs retraced some of the moves after a Reuters story suggested Japan's public pension could be planning to shift investments to riskier and foreign assets. In addition, a late gain in the S&P 500 sparked some USD buying.

The most impressive move of the day was in the Australian dollar, as it climbed two cents to as high as 0.9792. The RBA interest rate decision is at 0430 GMT and will be the highlight of the session. The statement after last month's cut didn't indicate that further cuts were imminent so expectations are low for any change.

Instead, the focus will be on comments about investment, the domestic economy and the Australian dollar. Any indications about further cuts could quickly reverse Monday's AUD gains.

by Adam Button

 

Get Adobe Flash player

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia

DIRECTFX : Daily Currency Report

Forex Market Update This morning, the greenback is trading lower against most of the major currencies. Earlier in the Asian session, the European Central Bank (ECB) President, Mario Draghi stated that there are few signs of a possible stabilization in the Euro region and the economic situation still “remains challenging”. The Euro rose higher, underpinned by improved risk appetite after data released this morning revealed that manufacturing PMI data across the Europe posted better-than-expected figures in May. The Pound gained traction this morning, after UK’s manufacturing activity grew at its fastest pace in 14 months in May, boosting optimism that nation's recovery is becoming more broad based and less reliant on the services sector. The Yen recovered from its previous session losses this morning, after the IMF warned on Friday that, the Japanese currency has fallen enough to a level “moderately below” its natural trading value. The Australian is trading higher despite data indicated that retail sales in the nation rose less-than-expected in April. Also, official data from China, Australia’s major trading partner showed that, factory activity shrank for the first time in seven months in May and growth in services activity slowed down in the same month. The Reserve Bank of Australia’s monthly board meeting tomorrow would be of much interest to the investors, with most of the market participants expecting the rate to remain on hold at its record low of 2.75%. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.3030 against the USD, 0.38% higher from the New York close. In the Euro-zone, manufacturing PMI data from Germany and France rose slightly more-than-expected in May, while Italian manufacturing activity rose to a four-month high in the same month. Additionally, European manufacturing activity eased in May. During the session, the pair traded at a high of 1.3044 and a low of 1.2987. On Friday, EUR traded 0.07% lower against the USD in the New York session, and closed at 1.2981. The pair is expected to find its first support at 1.2967 and first resistance at 1.3068. GBP USD At 09:40 GMT, the GBP is trading at 1.5270 against the USD, 0.57% higher from the New York close, after manufacturing PMI in the UK rose to a reading of 51.3 in May, from a revised reading of 50.2 recorded in the previous month. Market had expected the index to remain unchanged. During the session, the pair traded at a high of 1.5289 and a low of 1.5196. On Friday, GBP traded 0.23% lower against the USD in the New York session, and closed at 1.5183. The pair is expected to find its first support at 1.5177 and first resistance at 1.5326. USD JPY The USD is trading at 100.36 against the JPY at 09:40 GMT this morning, 0.31% lower from the New York close. During the session, the pair traded at a high of 100.77 and a low of 100.03. In the New York session on Friday, the USD traded 0.19% higher against the JPY, and closed at 100.67. The pair is expected to find its first support at 99.85 and first resistance at 101.04. USD CHF This morning at 09:40 GMT, the USD is trading at 0.9564 against the Swiss Franc, 0.39% lower from the New York close. In Switzerland, the SVME PMI expanded in the month of May, recording a reading of 52.2, from a reading of 50.2 in the previous month. During the session, the pair traded at a high of 0.9580 and a low of 0.9541. In the New York session on Friday, the USD traded 0.53% higher against the CHF, and closed at 0.9601. The pair is expected to find its first support at 0.9509 and first resistance at 0.9623. USD CAD At 09:40 GMT, the USD is trading at 1.0368 against the CAD, marginally higher from the New York close. During the session, the pair traded at a high of 1.0376 and a low of 1.0343. On Friday, the USD traded 0.56% higher against the CAD in the New York session, and closed at 1.0367. The pair is expected to find its first support at 1.0318 and first resistance at 1.0400.  AUD USD The AUD is trading at 0.9643 against the USD, at 09:40 GMT this morning, 0.74% higher from the New York close. Data released from Australia indicated that retail sales rose to a seasonally adjusted 0.2% (MoM) in April, compared to a 0.4% drop recorded in the previous month. During the session, the pair traded at a high of 0.9653 and a low of 0.9598. AUD traded 0.25% lower against the USD in the New York session on Friday, and closed at 0.9572. The pair is expected to find its first support at 0.9576 and first resistance at 0.9681. Gold At 09:40 GMT, Gold is trading at $1396.35 per ounce, 0.61% higher from the New York close, amid weakness in the US Dollar. This morning, Gold traded at a high of $1401.95 and a low of $1391.38 per ounce. In the New York session on Friday, the yellow metal traded 1.37% lower, and closed at $1387.92. Gold has its first support at $1382.76 and first resistance at $1412.25. Silver Silver is trading at $22.46 per ounce, 0.89% higher from the New York close, at 09:40 GMT this morning. This morning, Silver traded at a high of $22.55 and a low of $22.33 per ounce. Silver traded 0.14% lower against the USD in the New York session on Friday, and closed at $22.26. Silver has its first support at $22.21 and first resistance at $22.67. Crude Oil At 09:40 GMT, Oil is trading at $92.01 per barrel, 0.40% higher from the New York close, as weak Chinese manufacturing data dampened demand prospects for the oil. This morning, Oil traded at a high of $92.09 and a low of $91.37. On Friday, Oil traded 0.95% lower against the USD in the New York session, and closed at $91.63. It has its first support at $91.08 and first resistance at $93.12. Economic Snapshot UK’s manufacturing PMI rose in May In the UK, the seasonally adjusted manufacturing purchasing managers’ index (PMI) advanced to a reading of 51.3 in May, from a revised reading of 50.2. Euro-zone’s manufacturing PMI advanced in May In the Euro-zone, the final manufacturing PMI climbed to a reading of 48.3 in May, higher than the flash reading of 47.8 and following a reading of 46.7 in April. Germany's manufacturing sector activity improved in May On a seasonally adjusted basis, the manufacturing PMI in Germany edged up to a reading of 49.4 in May, from a reading of 48.1 registered in April. Market had expected a reading of 49.0. French manufacturing PMI records a rise in May In France, the seasonally adjusted manufacturing PMI rose to a reading of 46.4 in May, higher than the expected reading of 45.5 and from a reading of 44.4 in April. Switzerland's manufacturing PMI rose in May The Swiss Association of Purchasing and Materials Management reported that its SVME manufacturing PMI in Switzerland rose to a reading of 52.2 in May, much higher than the expected reading of 50.8 in May and from a reading of 50.2 recorded in April. Italy’s manufacturing PMI increased more-than-expected in May In Italy, manufacturing PMI rose more than the expected to a reading of 47.3 in May, compared to a reading of 45.5 registered in the previous month. Spain’s manufacturing PMI rose in May Spain’s manufacturing PMI advanced to reading of 48.1 in May, above market consensus for a reading of 45.5 and compared to a reading of 44.7 recorded in April. Australia TD securities inflation eased in May On a monthly basis, TD securities inflation in Australia slipped to 0.2% in May, from 0.3% reported in April. Annually, TD securities inflation increased to 2.2% in May, from 2.1% in April. Australia retail sales rose in April On a seasonally adjusted monthly basis, retail sales in Australia increased 0.2% in April, lower than the expected 0.3% rise and compared to 0.4% fall recorded in the previous month. China's non-manufacturing PMI slipped in May In China, the non-manufacturing PMI declined to a reading of 54.3 in May, from a reading of 54.5 registered in the previous month. China’s HSBC manufacturing PMI fell in May According to the survey data from Markit/HSBC, manufacturing PMI in China fell to a reading of 49.2 in May, from a reading of 50.4 registered in the previous month.

Get Adobe Flash player

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia

USD Leads May Despite Last 3 Days

by Adam Button

Jun 3, 2013 0:21

A strong official PMI from China contrasted a weak reading on the sector from HSBC. Despite a three day slump to end the month, the US dollar was easily the best performer in May while the Australian dollar lagged badly. Weekly CFTC positioning data show growing AUD and CHF shorts. We reintroduced USDCHF after a long absence from the Premium Insights with 2 new trades and monthly and weekly charts. 1 EURUSD remain in progress as well as 3 USDJPY, 2 EURJPY, 2 USDCAD and 1 silver. For full detail, see latest Premium Insights.

The official manufacutring sentiment survey from China rose to 50.8 compared to 50.0 expected and 50.6 in April. The number could give the Australian dollar some respite to start the week but traders may be skeptical. The PMI earlier in the week from HSBC slipped to 49.6 from 50.4 in April.

There is also uncertainty about the US manufacturing. Signs were pointing to a worsening slump until Fridaywhen the Chicago PMI soared to 58.7 compared to 50.0 expected. In the span of a month, the index when from the lowest since 2009 to the highest since early 2012.

We caution that it's only one month and one data point but renewed strength from US factories would be another reason to buy the US dollar. The other data point on Friday was the PCE report, which showed core inflation up 1.1% compared to 1.0% y/y expected. Rising inflation could give the Fed an incentive to taper QE, which could be a major boost for the US dollar. One negative part of the report was personal spending, which fell 0.2% in April.   Commitments of Traders

Speculative net futures trader positions as of the close on Tuesday. Net short denoted by - long by +.

EUR -85K vs -81K prior JPY -100K vs -95K prior GBP -75K vs -77K prior AUD -42K vs -32K prior CAD -33K vs -34K prior NZD +14K vs +18K prior CHF -29K vs -20K prior US Dollar Index longs at 46K vs 43K prior

The market has quietly built up the largest short position in CHF in 11 months. There are always rumors about hiking the EUR/CHF floor but it's mostly a trade on dollar strength and improving fundamentals in Europe.

Meanwhile, euro shorts are showing no sign of quitting even though more than half of the short position was initiate in the past two weeks – all of which are underwater. It's also interesting to note the lack of movement in NZD despite the rush in Australian dollar shorts. The carry is better in New Zealand but it's difficult to imagine the divergence continuing.

 

Get Adobe Flash player

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia

FXCC : MARKET UPDATE 30.05.2013

2013-05-30 04:30 GMT OECD: Global economy is moving forward at multiple speeds In its biannual Economic Outlook report, published on Wednesday, the Organization for Economic Cooperation and Development reduced the global growth outlook to 3.1% from the previous estimate of 3.4%. It expects the US and the Japanese economies to improve this year, suggesting at the same time that the Eurozone will continue to lag which might have “negative implications for the global economy." The OECD cut the Eurozone growth forecast to -0.6% from -0.1% estimated in November 2012, warning that "activity is still falling, reflecting ongoing fiscal consolidation, weak confidence and tight credit conditions, especially in the periphery." The Eurozone economy should rebound to 1.1% in 2014. The OECD also urged the ECB to seriously consider implementing QE and introducing negative deposit rates in order to stimulate recovery in the area. China, which already saw its growth outlook reduced on Tuesday by the IMF, is expected to grow by 7.8% this year, down from a previous estimate of 8.5%. The organization was more upbeat about the US, which is projected to grow by 1.9% in 2013 and by 2.8% in 2014. Japan's growth forecast was hiked to 1.6% from 0.7%, with the prospect of a 1.4% gain next year, owing to the BoJ's implementation of fiscal and monetary stimulus programs.-FXstreet.com   2013-05-30 06:00 GMT UK. Nationwide Housing Prices n.s.a (YoY) (May) 2013-05-30 12:30 GMT USA. Gross Domestic Product Price Index 2013-05-30 14:30 GMT USA. Pending Home Sales (YoY) (Apr) 2013-05-30 23:30 GMT Japan. National Consumer Price Index (YoY) (Apr) http://bit.ly/FXCC_Deryworldscorphttp://bit.ly/FXCC_Deryworldscorp   2013-05-30 04:39 GMT USD eases to key level at 83.50 ahead of US GDP 2013-05-30 03:11 GMT GBP/USD – Bullish engulfing candle to spur further advances? 2013-05-30 02:29 GMT EUR/USD edging towards resistance at 1.3000 2013-05-30 01:50 GMT Aussie edging higher towards resistance at 0.9700

AUDUSD 0.96915 / 920 NZDUSD 0.81185 / 197 USDCHF 0.95677 / 683 USDCAD 1.03311 / 318 GBPJPY 152.780 / 796 EURCHF 1.24228 / 233 GOLD 1404.99 / .05 SILVER 22.59 / .63

EURUSD HIGH1.2975 LOW1.29332 BID1.29729 ASK1.29729 CHANGE0.26% TIME08:23:33

OUTLOOK SUMMARY Up TREND CONDITION Upward penetration TRADERS SENTIMENT Bearish IMPLIED VOLATILITY High

MARKET ANALYSIS - Intraday Analysis Upwards scenario: Recent upside penetration is limited now to the key resistive barrier at 1.2977 (R1). Appreciation above this mark might likely push the pair toward to next targets at 1.2991 (R2) and 1.3006 (R3) in potential. Downwards scenario: Possible bull back on the hourly chart might face next hurdle at 1.2933 (S1). Break here is required to open road towards to our next retracement target at 1.2919 (S2) en route to final aim at 1.2902 (S3). Resistance Levels: 1.2977, 1.2991, 1.3006 Support Levels: 1.2933, 1.2919, 1.2902

GBPUSD HIGH1.51713 LOW1.51136 BID1.51673 ASK1.51681 CHANGE0.26% TIME08:23:34

OUTLOOK SUMMARY Up TREND CONDITION Upward penetration TRADERS SENTIMENT Bullish IMPLIED VOLATILITY High

Upwards scenario: A bullish oriented market participant might pressures to test our next resistance level at 1.5165 (R1). Loss here could open a route towards to our interim target at 1.5188 (R2) and the main aim for today locates at 1.5211 (R3). Downwards scenario: As long as price stays below the moving averages our medium-term outlook would be negative. Though, extension lower the 1.5099 (S1) is being able to drive market price towards to our next supports at 1.5076 (S2) and 1.5053 (S3). Resistance Levels: 1.5165, 1.5188, 1.5211 Support Levels: 1.5099, 1.5076, 1.5053

USDJPY HIGH101.538 LOW100.592 BID100.803 ASK100.807 CHANGE-0.34% TIME08:23:35

OUTLOOK SUMMARY Down TREND CONDITION Downward penetration TRADERS SENTIMENT Bullish IMPLIED VOLATILITY Medium

Upwards scenario: USDJPY recently tested negative side and currently remains stable below the 20 SMA. Possible price appreciation is limited to the resistance level at 101.53 (R1). Only clear break here would suggest next intraday targets at 101.81 (R2) and 102.09 (R3). Downwards scenario: Any prolonged movement below the support at 100.60 (S1) might prolong downside pressure and drive market price towards to supportive means at 100.34 (S2) and 100.08 (S3). Resistance Levels: 101.53, 101.81, 102.09 Support Levels: 100.60, 100.34, 100.08

Get Adobe Flash player

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia

DIRECTFX : Daily Currency Report 30.05.2013

Forex Market Update This morning, the greenback is trading lower against most of the major currencies. A slate of confidence indicators just released from the Euro-zone indicated a modest recovery in the economic conditions in the region, while GDP data from Spain showed improvement in the first quarter of 2013, though remained in contraction territory. Yesterday, the Organization for Economic Cooperation and Development in its half-yearly update, cautioned that lingering economic weakness in Europe ‘‘could evolve into stagnation with negative implications for the global economy.’’ The Canadian Dollar extended its previous session gains against the USD and is trading higher this morning, as the outgoing Bank of Canada Governor, Mark Carney left interest rates unchanged and stated that the interest rates may rise in near term. Against this backdrop, the Canadian gross domestic product (GDP) data scheduled to be released tomorrow would garner a lot of market attention. The Australian Dollar recovered from previous losses against the US Dollar, after data showed that building approvals in Australia grew more-than-expected in April, dampening the prospect for an interest rate cut by the Reserve Bank. The greenback traded lower in the New York session yesterday, against the key currencies. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.2992 against the USD, 0.41% higher from the New York close, after economic sentiment index in the Euro-zone rose to a reading of 89.4 in May, from a reading of 88.6 recorded in the previous month. Additionally, business climate, industrial confidence and consumer confidence in the Euro-zone also improved in May. Separately, gross domestic product data from Spain indicated that the nation contracted 0.5% in Q12013. During the session, the pair traded at a high of 1.2992 and a low of 1.2932. Yesterday, EUR traded marginally lower against the USD in the New York session, and closed at 1.2939. The pair is expected to find its first support at 1.2919 and first resistance at 1.3029.  GBP USD At 09:40 GMT, the GBP is trading at 1.5194 against the USD, 0.44% higher from the New York close, after economic data indicated that house prices in the UK picked up in May. The Nationwide house prices in the UK rose by a seasonally adjusted 0.4% (MoM) in May, compared to a flat rate recorded in the previous month. During the session, the pair traded at a high of 1.5194 and a low of 1.5113. Yesterday, GBP traded marginally higher against the USD in the New York session, and closed at 1.5127. The pair is expected to find its first support at 1.5069 and first resistance at 1.5238.  USD JPY The USD is trading at 100.72 against the JPY at 09:40 GMT this morning, 0.44% lower from the New York close. The Yen registered gains after data indicated that, investors in Japan sold a net ¥1.12 trillion of foreign bonds in the week ended May 24, the most since the period ended April 5. Data on Japan’s consumer price inflation, unemployment rate and industrial production set to be release earlytomorrow would further determine the trading pattern in the pair. During the session, the pair traded at a high of 101.57 and a low of 100.46. In the New York session yesterday, the USD traded 0.08% lower against the JPY, and closed at 101.17. The pair is expected to find its first support at 100.22 and first resistance at 101.63.  USD CHF This morning at 09:40 GMT, the USD is trading at 0.9574 against the Swiss Franc, 0.51% lower from the New York close. The Swiss Franc received support after data indicated that gross domestic product in Switzerland rose by a seasonally adjusted 0.6% (QoQ) in the first quarter of 2013, following a revised 0.3% growth recorded in the previous quarter. During the session, the pair traded at a high of 0.9642 and a low of 0.9564. In the New York session yesterday, the USD traded 0.15% lower against the CHF, and closed at 0.9623. The pair is expected to find its first support at 0.9522 and first resistance at 0.9679.  USD CAD At 09:40 GMT, the USD is trading at 1.0329 against the CAD, 0.22% lower from the New York close. During the session, the pair traded at a high of 1.0369 and a low of 1.0328. Yesterday, the USD traded 0.22% lower against the CAD in the New York session, and closed at 1.0352. The Bank of Canada (BoC), in its monetary policy meeting held yesterday decided to keep its interest rate unchanged at 1.0%. The pair is expected to find its first support at 1.0307 and first resistance at 1.0385.  AUD USD The AUD is trading at 0.9663 against the USD, at 09:40 GMT this morning, 0.32% higher from the New York close, after data indicated that building permits in Australia climbed 27.3% (YoY) in April, following a 3.9% rise recorded in the previous month. The pair’s direction later in the day would be dominated by movements in the US Dollar, with the release of GDP and initial jobless claims data in the US. During the session, the pair traded at a high of 0.9699 and a low of 0.9582. AUD traded 0.07% higher against the USD in the New York session yesterday, and closed at 0.9632. The pair is expected to find its first support at 0.9594 and first resistance at 0.9726.  Gold At 09:40 GMT, Gold is trading at $1405.53 per ounce, 0.88% higher from the New York close, after the US Dollar fell sharply. This morning, Gold traded at a high of $1411.27 and a low of $1389.00 per ounce. In the New York session yesterday, the yellow metal traded 0.41% higher, and closed at $1393.25. Gold has its first support at $1388.19 and first resistance at $1417.07. Silver Silver is trading at $22.76 per ounce, 1.04% higher from the New York close, at 09:40 GMT this morning, tracking gains in the yellow metal. This morning, Silver traded at a high of $22.83 and a low of $22.38 per ounce. Silver traded 0.73% higher against the USD in the New York session yesterday, and closed at $22.52. Silver has its first support at $22.38 and first resistance at $22.98. FOLLOW DIRECTFX GOLDSILVER CLUB CLICK HERE !! Crude Oil At 09:40 GMT, Oil is trading at $92.60 per barrel, 0.20% lower from the New York close, ahead of a meeting by the Organization of the Petroleum Exporting Countries and the crude oil inventory data from the US Energy Information Administration. Late yesterday, the American Petroleum Institute reported that the US crude inventories rose by 4.4 million barrels in the week ended 24th May, compared to expectations for a drop of 1.1 million barrels. This morning, Oil traded at a high of $93.29 and a low of $92.34. Yesterday, Oil traded 1.74% lower against the USD in the New York session, and closed at $92.75. It has its first support at $91.55 and first resistance at $94.43. Economic Snapshot House prices in the UK rose in May In the UK, the Nationwide house price index advanced 1.1% annually in May, against the forecast for a 0.9% rise and following a 0.9 % annual growth registered in the previous month. On a monthly basis, the house price index rose 0.4% in May, compared to a flat change recorded in the previous month. Lloyds business barometer in the UK climbed in May The Lloyds Business Group has reported that business barometer in the UK climbed to a reading of 39.0 in May, compared to a reading of 27.0 recorded in the previous month. Euro-zone sentiment indices rose in May In the Euro-zone, the economic sentiment indicator rose to a reading of 89.4 in May, compared to a reading of 88.6 in the previous month. Business climate indicator climbed to a reading of -0.76 in May, compared to a reading of -1.04 in the previous month. Additionally, services sentiment indicator rose to a reading of -9.3 in May, compared to a reading of -11.1 in the previous month. Moreover, industrial confidence indicator rose to a reading of -13.0 in May, compared to a reading of -13.8 in the previous month. Euro-zone consumer confidence improved in May In the Euro-zone, consumer confidence indicator rose to a reading of -21.9 in May, compared to a reading of -22.3 in April. Swiss economy expanded in the Q12013 On a seasonally adjusted, gross domestic product (GDP) in Switzerland climbed 0.6% (QoQ) in Q12013, following a revised 0.3% rise registered in the Q42012. Annually, the GDP rose 1.1% in the Q12013, following a 1.4% gain recorded in the Q42012. Italian PPI declined in April In Italy, Producer Price Index (PPI) declined 0.4% (MoM) in April, compared to a flat change recorded in the previous month. On an annual basis, PPI fell 1.0% in April, compared to a 0.1% drop recorded in March. Spain inflation increased more-than-expected in May In Spain, consumer price index rose 1.7% in May, compared to a 1.4% rise recorded in April. Market had expected a rise of 1.6%. Additionally, harmonized inflation rose to 1.8% in May against the forecast for a 1.7% rise and following a rate of 1.5% in April. Spanish GDP fell in line with preliminary estimate in the Q12013 In Spain, GDP fell 0.5% (QoQ) in the Q12013, in line with the preliminary estimate, and compared to a 0.8% drop recorded in the Q42012. Building approvals in Australia rose in April On a seasonally adjusted monthly basis, building approvals in Australia increased 9.1% in April, compared to a 5.5% drop registered in March. Also, building approvals jumped 27.3% (YoY) in April, following a 3.9% rise recorded in the previous month.

Get Adobe Flash player

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia