Global Markets:
- Asian stock markets: Nikkei up 0.65 %, Shanghai Composite gained 2.30 %, ASX rose 1.20 %, Hang Seng closed
- Commodities: Gold at $1205 (0.00 %), Silver at $17.05 (+0.02 %), WTI Oil at $59.85 (+0.20 %), Brent Oil at $65.35 (-0.35 %)
- Rates: US 10 year yield at 2.215, UK 10 year yield at 1.941, German 10 year yield at 0.608
News & Data:
- Japan Trade Balance ¥53.0bln, Expected: -¥319bln, Previous: ¥229bln
- Japan Exports 8.0 % y/y, Expected: 6.4 %, Previous: 8.5 %
- Japan Imports -4.2 % y/y, Expected: -1.5 %, Previous: -14.5 %
- Japan Adjusted Current Account -¥210bln, Expected: -¥380bln, Previous: ¥10billion
- Asian shares edge down on U.S. rate hike bets – RTRS
- Oil prices edge up on firm Asian, U.S. demand – RTRS
CFTC Positioning Data:
- EUR net short 168K vs short 179K prior
- JPY net short 22K vs short 23.5K prior
- GBP net short 23K vs short 31K prior
- AUD net long 7K vs long 4.5K prior
- CAD net long 4K vs short 4K prior
- CHF net long 9K vs long 10.5K prior
Upcoming Events:
- United States – Memorial Day Holiday
- United Kingdom – Late May Bank Holiday
- Most of Europe – Whit Monday Holiday
- 09:00 BST – Italian Trade Balance
The Week Ahead (Key Data/Events):
Tuesday, May 26th
- 13:30 BST – US Durable Goods Orders
- 15:00 BST – US Consumer Confidence
- 15:00 BST – US New Home Sales
- 15:00 BST – US Richmond Manufacturing Index
Wednesday, May 27th
- 14:45 BST – US Services PMI
- 15:00 BST – Bank of Canada Interest Rate Decision
Thursday, May 28th
- 08:00 BST – Spanish GDP
- 09:30 BST – UK GDP
- 13:30 BST – US Initial Jobless Claims
- 15:00 BST – US Pending Home Sales
Friday, May 29th
- 00:30 BST – Japan CPI
- 00:30 BST – Japan Industrial Production
- 00:30 BST – Japan Unemployment Rate
- 02:00 BST – Australia New Home Sales
- 06:45 BST – Swiss GDP
- 07:00 BST – German Retail Sales
- 09:30 BST – UK GDP
- 13:30 BST – US GDP
- 13:30 BST – Canadian GDP
- 15:00 BST – US Michigan Consumer Sentiment
