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Tuesday, May 7, 2024

Germany March industrial orders -0.4% vs +0.4% m/m expected

Germany March industrial orders -0.4% vs +0.4% m/m expected

Prior +0.2%... 

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Germany March trade balance €22.3 billion vs €22.2 billion expected

Prior €21.4 billion The German trade balance held more or less steady on the month as exports were seen up 0.9% while imports were up by 0.3% compared to February.... 

UK April Halifax house prices +0.1% vs -1.0% m/m prior

Prior -1.0%... 

Switzerland April seasonally adjusted unemployment rate 2.3% vs 2.3% expected

Prior 2.3% The number of registered unemployed persons in Switzerland falls from 108,593 in March to 106,957 in April. But the jobless rate is seen holding steady on the month.... 

RBA's Bullock: We might have to hike rates if inflation takes markedly longer to fall

But that is not part of our central forecast at the moment We have not explicitly said we might hike rates again But as per the statement, we are "not ruling anything in or out" for now Market pricing... 

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FX option expiries for 6 May 10am New York cut

There are a couple to take note of, as highlighted in bold . The first one being for EUR/USD at 1.0750, so that could hold price action from veering off too far during the session. But with the dollar... 

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