Analytics, News, and Forecasts for CFD Markets: currency news — 06-06-2017.

(pare/closed(GMT +2)/change, %)

EUR/USD $1,1277 +0,20%

GBP/USD $1,2905 +0,05%

USD/CHF Chf0,9617 -0,32%

USD/JPY Y109,36 -1,04%

EUR/JPY Y123,33 -0,84%

GBP/JPY Y141,12 -1,00%

AUD/USD $0,7506 +0,32%

NZD/USD $0,7179 +0,61%

USD/CAD C$1,3451 -0,16%

01:30 Australia Gross Domestic Product (YoY) Quarter I 2.4% 1.6%

01:30 Australia Gross Domestic Product (QoQ) Quarter I 1.1% 0.3%

05:00 Japan Leading Economic Index (Preliminary) April 105.5 104.4

05:00 Japan Coincident Index (Preliminary) April 114.4

06:00 Germany Factory Orders s.a. (MoM) April 1.0% -0.4%

07:00 Switzerland Foreign Currency Reserves May 695.9

07:30 United Kingdom Halifax house price index May -0.1% -0.1%

07:30 United Kingdom Halifax house price index 3m Y/Y May 3.8% 3%

09:00 Eurozone GDP (YoY) (Finally) Quarter I 1.8%

09:00 Eurozone GDP (QoQ) (Finally) Quarter I 0.5% 0.5%

12:30 Canada Building Permits (MoM) April -5.8%

14:30 U.S. Crude Oil Inventories June -6.428

19:00 U.S. Consumer Credit April 16.43 15.5

23:50 Japan Current Account, bln April 2907.7 1700

23:50 Japan GDP, q/q (Finally) Quarter I 0.3% 0.6%

23:50 Japan GDP, y/y (Finally) Quarter I 1.2% 2.4%

The number of job openings increased to a series high of 6.0 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, hires decreased to 5.1 million and separations edged down to 5.0 million. Within separations, the quits rate and the layoffs and discharges
rate were little changed at 2.1 percent and 1.1 percent, respectively.

On the last business day of April, the job openings level increased to a series high of 6.0 million (+259,000). The job openings rate was 4.0 percent. The number of job openings edged up for total private (+220,000) and increased for government (+39,000). Job openings increased in a number of industries with the largest increase occurring in accommodation and food services (+118,000). Job openings decreased in durable goods manufacturing (-30,000). The number of job openings increased in the Midwest and Northeast regions.

EURUSD: 1.1100 ( EUR 2.03bln) 1.1150-60 (840m) 1.1180 (426m) 1.1200 (847m)1.1220-25 (876m) 1.1250-60 (2.243bln) 1.1275 (767m) 1.1300 (734m) 1.1350-60 (367m) 1.1400-10 (1.27bln)

USDJPY: 109.00 (USD 1.28bln) 109.50 (180m) 110.50-55 (570m) 111.00-10 (1bln)111.50 (366m)

GBPUSD: 1.2900 (GBP 180m) 1.2940-50 (800m)

USDCHF: 0.9515 (USD 200m)

AUDUSD: 0.7375 (AUD 1.34bln) 0.7390-00 (402m) 0.7500 (180m)

USDCAD: 1.3400 (USD 382m) 1.3470-75 (415m)

EURJPY: 122.50 (EUR 434m)

• Protectionism can bring short-term gains but damaging in long-run

• For US, free, fair trade is essential, protectionism is damaging

EUR/USD

Offers: 1.1270 1.1285 1.1300 1.1320 1.1335 1.1350 1.1380 1.1400

Bids: 1.1225-30 1.1200 1.1180 1.1150 1.1120 1.1100

GBP/USD

Offers: 1.2950 1.2985 1.3000 1.3020 1.3050 1.3080 1.3100

Bids: 1.2900 1.2885 1.2850 1.2830 1.2800 1.2785 1.2750

EUR/JPY

Offers: 123.80 124.00 124.50 124.80 125.00 125.30 125.50

Bids: 123.20 123.00 122.80 122.50 122.00

EUR/GBP

Offers: 0.8725-30 0.8750 0.8765 0.8785 0.8800

Bids: 0.8685 0.8665 0.8650 0.8635 0.8600

USD/JPY

Offers: 109.85 110.00 110.20 110.50 110.65 110.80 111.00

Bids: 109.50 109.30 109.00 108.80 108.50 108.00

AUD/USD

Offers: 0.7500 0.7530 0.7550 0.7580 0.7600

Bids: 0.7465 0.7450 0.7420-25 0.7400 0.7375-80 0.7350

In April 2017 compared with March 2017, the seasonally adjusted volume of retail trade rose by 0.1% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March the retail trade volume increased by 0.2% in the euro area, while it fell by 0.1% in the EU28. In April 2017 compared with April 2016, the calendar adjusted retail sales index increased by 2.5% in the euro area and by 3.0% in the EU28.

The 0.1% increase in the volume of retail trade in the euro area in April 2017, compared with March 2017, is due to the rise of 0.6% for "Food, drinks and tobacco", while non-food products fell by 0.4% and automotive fuel by 0.8%. In the EU28, the 0.5% increase in the volume of retail trade is due to rises of 0.6% for "Food, drinks and tobacco" and of 0.4% for non-food products, while automotive fuel fell by 0.3%.

• Seasonally-adjusted quarterly Gdp growth may stabilise at around 0.5 pct before year-end

• Increase in inflationary pressure expected in H2 2017 due to cold spring and improving economy

• These risks unlikely to prevent C.Bank from achieving inflation target this year

• Appreciation of rouble in jan-april will continue to impact inflation until at least mid-2017

The headline IHS Markit Eurozone Retail PMI - which tracks the month-on-month changes in retail sales in the bloc‟s biggest three economies combined - fell to 52.0 in May, from 52.7 in April. The reading signalled another solid, albeit marginally weaker rise in monthly sales. On the other hand, sales were down on an annual basis, thereby reversing the upturn seen in April. Moreover, the decline was solid overall, driven by a marked downturn in Italy.

Alex Gill, economist at IHS Markit which compiles the Eurozone Retail PMI, said: "May data pointed to a further divergence in retail sector performances at the country level, with marked expansions evident in Germany and France. The rate of growth in the latter - at a 67- month high - was particularly encouraging and provides further indication of a resurgence in the French economy. On the contrary, monthly sales in Italy continued to fall. Overall, the data paint a positive picture of the euro area retail sector. However, a sharp fall in gross margins suggests the business climate remains challenging."

EURUSD: 1.1100 ( EUR 2.03bln) 1.1150-60 (840m) 1.1180 (426m) 1.1200 (847m)1.1220-25 (876m) 1.1250-60 (2.243bln) 1.1275 (767m) 1.1300 (734m) 1.1350-60 (367m) 1.1400-10 (1.27bln)

USDJPY: 109.00 (USD 1.28bln) 109.50 (180m) 110.50-55 (570m) 111.00-10 (1bln)111.50 (366m)

GBPUSD: 1.2900 (GBP 180m) 1.2940-50 (800m)

USDCHF: 0.9515 (USD 200m)

AUDUSD: 0.7375 (AUD 1.34bln) 0.7390-00 (402m) 0.7500 (180m)

USDCAD: 1.3400 (USD 382m) 1.3470-75 (415m)

EURJPY 122.50 (EUR 434m)

• Some signs that conditions in housing market are starting to ease

• Labour market indicators remain mixed

• Commodity prices providing a boost to australia's national income

• An appreciating a$ would complicate economic rebalancing

• Wage growth slow, likely to remain that way for a while

• Tighter regulations should lessen risks from high and rising debt

• High level of china debt a medium term risk

• Home prices rising briskly in some areas

• Judged steady policy consistent with growth and inflation targets

The current account deficit, seasonally adjusted, fell $403m (11%) to $3,108m in the March quarter 2017. There was an increase of $3,129m (51%) on the balance on goods and services, resulting in a surplus of $9,242m in the March quarter 2017. The primary income deficit rose $2,712m (29%) to $11,940m.

In seasonally adjusted chain volume terms, the surplus on goods and services fell $2,966m (85%) from $3,509m in the December quarter 2016 to $543m in the March quarter 2017. This is expected to detract 0.7 percentage points from growth in the March quarter 2017 volume measure of GDP.

Australia's net IIP liability position was $1,025.5b at 31 March 2017, a decrease of $2.7b on the revised 31 December 2016 position of $1,028.2b. Australia's net foreign debt liability decreased $13.6b (1%) to $1,015.0b. Australia's net foreign equity had a turnaround of $10.9b from a net asset position of $0.3b at 31 December 2016 to a net liability position of $10.6b at 31 March 2017.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1370 (3333)

$1.1335 (6096)

$1.1308 (4170)

Price at time of writing this review: $1.1272

Support levels (open interest**, contracts):

$1.1207 (2056)

$1.1175 (3386)

$1.1136 (3034)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 82860 contracts, with the maximum number of contracts with strike price $1,1300 (6096);

- Overall open interest on the PUT options with the expiration date June, 9 is 106983 contracts, with the maximum number of contracts with strike price $1,0700 (5456);

- The ratio of PUT/CALL was 1.29 versus 1.29 from the previous trading day according to data from June, 5

GBP/USD

Resistance levels (open interest**, contracts)

$1.3201 (2760)

$1.3102 (3004)

$1.3005 (4372)

Price at time of writing this review: $1.2925

Support levels (open interest**, contracts):

$1.2891 (1295)

$1.2795 (2474)

$1.2697 (2527)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 39047 contracts, with the maximum number of contracts with strike price $1,3000 (4372);

- Overall open interest on the PUT options with the expiration date June, 9 is 41241 contracts, with the maximum number of contracts with strike price $1,2750 (3109);

- The ratio of PUT/CALL was 1.06 versus 1.05 from the previous trading day according to data from June, 5

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

"The broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last year. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Commodity prices are generally higher than they were a year ago, providing a boost to Australia's national income. The prices of iron ore and coal, however, have declined over recent months as expected, unwinding some of the earlier increases.

Headline inflation rates in most countries have moved higher over the past year, partly reflecting the higher commodity prices. Core inflation remains low, as do long-term bond yields. Further increases in US interest rates are expected over the year ahead and there is no longer an expectation of additional monetary easing in other major economies. Financial markets have been functioning effectively.

Domestically, the transition to lower levels of mining investment following the mining investment boom is almost complete. Business conditions have improved and capacity utilisation has increased. Business investment has picked up in those parts of the country not directly affected by the decline in mining investment. Year-ended GDP growth is expected to have slowed in the March quarter, reflecting the quarter-to-quarter variation in the growth figures. Looking forward, economic growth is still expected to increase gradually over the next couple of years to a little above 3%".