Forex Markets: Eurozone May PPI in Focus

[vc_row][vc_column][vc_column_text]Euro traders will start the day checking the Germany May retail sales data at 6:00GMT and later await the Eurozone May PPI figures at 9:00GMT. Pound traders await the UK June Nationwide house price index at 06:00GMT while next is the UK June construction PMI at 8:30GMT.

Oil traders are closely watching the meetings during the OPEC+ summit in Vienna.

In our Central Banks calendar we have the speeches by New York Fed President John Williams. ECB’s Vasiliauskas and Knot both speaks in Vilnius, Lithuania at 6:00GMT while Bank Of England Governor Carney delivers a speech at 14:05GMT

Reserve Bank of Australia governor Lowe speaks at 9:30GMT in Darwin after the interest rate cut delivered earlier today

During the Asian session, RBA cut cash rate by 25 bps from 1.25% to 1.00%.

The New Zealand NZIER Business Confidence, Quarter over Quarter, came in at -34% for 2Q while the previous reading was at -29%. The Building Permits in the country came in at 13.2%, beating forecasts of -0.5% in May.

In Japan the Monetary Base, Year over Year, came in at 4%, beating analyst’s forecasts of 3.4% in June.[/vc_column_text][vc_column_text]Don’t miss a beat! Follow us on Twitter.[/vc_column_text][vc_single_image image=”7882″ img_size=”full” add_caption=”yes” alignment=”center” onclick=”link_image” title=”GBPUSD Daily Chart”][/vc_column][/vc_row]