Forex Focus: Eurozone May industrial production

In the last day of our trading week investors await the China June 2019 trade balance data at 7:00GMT.  Euro traders will focus on Germany June wholesale price index to be released at 6:00GMT, you can find the previous reading and forecast in our Forex calendar. At 7:00GMT the Spain June final CPI figures will be released while the main risk event for the European session will be the Eurozone May industrial production data due at 9:00GMT.

In the American calendar today we have the Mexico Industrial Production due at 11:00GMT that might move the USDMXN price, while in the US the PPI and core PPI will be released at12:30GMT.

Crude oil traders will watch the IEA Monthly Oil Market Report at 8:00GMT while later on the day the Baker Hughes US Oil Rig Count is due at 17:00GMT.

In our central banks calendar, Bank of England MPC Member Vlieghe will deliver a speech, while at 14:00GMT FOMC Member Evans will hit the wires.

Earlier today the Singapore Gross Domestic Product (quarter over quarter) came in at -3.4%, missing forecasts of 0.1%, the Gross Domestic Product (year of year) came in at 0.1%, below market consensus of 1.1% for the 1Q. The Singapore Retail Sales (year of year) registered at -2.1%, below market consensus of 0.2% in May.Don’t miss a beat! Follow us on Twitter.