Discussion points
US dollar gains China slowdown fears weigh on Stocks in Asia active risk can Correct higher as markets absorb negative News - flow University of Manitoba Consumer confidence gauge can Tip scales for US Dollar mixed data (ticker: USDollar) edged more against high counterparts of the page of the day to the next as Asian stocks declined, stimulate demand for the refuge go - to currency. Not surprisingly, the Australia and New Zealand $ sensitive stocks the the bond. The MSCI Asia Pacific regional reference index have slipped 0.6% in reports that Chinese banks can miss their target of loans for the first time in seven years in 2012, strengthening fears of slowdown in economic activity in the world's second economy.
In the future, the risk-off atmosphere prevailed in the financial markets over the past three weeks appears vulnerable to the reversal. The Summit of the leaders of the EU in the rearview mirror and the last batch of PMIs of the China and the euro area, the severity of the winds, the world of frame production, the provision of negative thoughts in the short term that can theoretically affect markets can be run dry. Simply, while there appears to be more reasons to be active risk generally short, it may appear more attractive to get shorter at the current level. This opens the way to profit taking to stimulate a corrective recovery until the return of the bear in force before the Greek election rehearsal in mid-June.
The economic calendar is relatively calm European hours, with traders may look to the future, the final revision of may gauge the University of Michigan we trust of consumers as the next significant bit of event risk. Expectations call for confirmation of the results reported to the origin of 77.8, the highest reading since January 2008. After a second week of mixed may survey results, the result could be to tip the balance in the development of the perception of the traders of the US recovery and its ability to mitigate the pressure downward Europe and Asia-focused on global growth.
Asia session: What happened
National CPI Ex-Fresh Food (YoY) (APR)
CPI national Ex food, energy (YoY) (APR)
Tokyo CPI Ex - Fresh Food (YoY) (may)
Tokyo CPI Ex food, energy (YoY) (may)
MNI business conditions survey (may)
Session of the euro: what to expect
German GfK consumer confidence survey (may)
Consumer confidence indicator (may) of France
Italian retail sales (MoM) (MAR)
Italian retail sales (YoY) (MAR)
Italian hourly wages (YoY) (APR)
Italian hourly wage (MoM) (APR)
Critical levels
US dollar gains China slowdown fears weigh on Stocks in Asia active risk can Correct higher as markets absorb negative News - flow University of Manitoba Consumer confidence gauge can Tip scales for US Dollar mixed data (ticker: USDollar) edged more against high counterparts of the page of the day to the next as Asian stocks declined, stimulate demand for the refuge go - to currency. Not surprisingly, the Australia and New Zealand $ sensitive stocks the the bond. The MSCI Asia Pacific regional reference index have slipped 0.6% in reports that Chinese banks can miss their target of loans for the first time in seven years in 2012, strengthening fears of slowdown in economic activity in the world's second economy.
In the future, the risk-off atmosphere prevailed in the financial markets over the past three weeks appears vulnerable to the reversal. The Summit of the leaders of the EU in the rearview mirror and the last batch of PMIs of the China and the euro area, the severity of the winds, the world of frame production, the provision of negative thoughts in the short term that can theoretically affect markets can be run dry. Simply, while there appears to be more reasons to be active risk generally short, it may appear more attractive to get shorter at the current level. This opens the way to profit taking to stimulate a corrective recovery until the return of the bear in force before the Greek election rehearsal in mid-June.
The economic calendar is relatively calm European hours, with traders may look to the future, the final revision of may gauge the University of Michigan we trust of consumers as the next significant bit of event risk. Expectations call for confirmation of the results reported to the origin of 77.8, the highest reading since January 2008. After a second week of mixed may survey results, the result could be to tip the balance in the development of the perception of the traders of the US recovery and its ability to mitigate the pressure downward Europe and Asia-focused on global growth.
Asia session: What happened
National CPI Ex-Fresh Food (YoY) (APR)
CPI national Ex food, energy (YoY) (APR)
Tokyo CPI Ex - Fresh Food (YoY) (may)
Tokyo CPI Ex food, energy (YoY) (may)
MNI business conditions survey (may)
Session of the euro: what to expect
German GfK consumer confidence survey (may)
Consumer confidence indicator (may) of France
Italian retail sales (MoM) (MAR)
Italian retail sales (YoY) (MAR)
Italian hourly wages (YoY) (APR)
Italian hourly wage (MoM) (APR)
Critical levels
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