This pair has been trending down in a consolidation pattern, until we observed what looked like a trend reversal. Currently moving sideways, this pair is in a race to see who eases faster. Will the RBA or the ECB win the race to the bottom? Analysis on chart, there are multiple reasons to look for an upwards explosion, keep an eye on it.
WEDNESDAY, MAY 27
00:30 AU AUD Westpac Leading Index (MoM) (Apr) 1 -0.3%
00:45 AU AUD RBA Deputy Governor Lowe Speech 2
01:30 AU AUD Construction Work Done (Q1) 1 -1.5% -0.2%
06:00 DE EUR Gfk Consumer Confidence Survey (Jun) 2 10.0 10.1
06:45 FR EUR Consumer Confidence (May) 1 95 94
n/a DE EUR 30-y Bond Auction 1 1.07%
THURSDAY, MAY 28
01:30 AU AUD Private Capital Expenditure (Q1) 0 -2.2%
06:00 DE EUR Import Price Index (MoM) (Apr) 1 0.5% 1.0%
06:00 DE EUR Import Price Index (YoY) (Apr) 1 -0.6% -1.4%
07:00 ES EUR Gross Domestic Product (YoY) (Q1) 1 2.6% 2.0%
07:00 ES EUR Gross Domestic Product (QoQ) (Q1) 1 0.9% 0.7%
08:00 IT EUR Consumer Confidence (May) 1 108.2
08:00 IT EUR Business Confidence (May) 1 104.1
n/a PT EUR Consumer Confidence (May) 1 -19.4
n/a PT EUR Business Confidence (May) 1 0.8
09:00 EMU EUR Consumer Confidence (May) 2 -5.5
09:00 EMU EUR Services Sentiment (May) 2 6.7
09:00 EMU EUR Economic Sentiment Indicator (May) 2 103.7
09:00 EMU EUR Business Climate (May) 2 0.32
09:00 EMU EUR Industrial Confidence (May) 2 -3.2
n/a IT EUR 10-y Bond Auction 1 1.4%
10:00 EMU EUR EU Financial Stability Review 2
FRIDAY, MAY 29
01:00 AU AUD HIA New Home Sales (MoM) (Apr) 2 4.4%
01:30 AU AUD Private Sector Credit (YoY) (Apr) 1 6.2%
01:30 AU AUD Private Sector Credit (MoM) (Apr) 1 0.5%
n/a DE EUR Retail Sales (YoY) (Apr) 1 3.5%
n/a DE EUR Retail Sales (MoM) (Apr) 1 -2.3%
07:00 ES EUR HICP (YoY) (May) 1 -0.7%
08:00 IT EUR Gross Domestic Product (QoQ) (Q1) 2 0.3%
08:00 IT EUR Gross Domestic Product (YoY) (Q1) 2 0%
08:00 GR EUR Retail Sales (YoY) (Apr) 1 -1.8%
08:00 EMU EUR M3 Money Supply (YoY) (Apr) 1 4.6%
08:00 EMU EUR Private loans (YoY) (Apr) 1 0.1%
08:00 EMU EUR M3 Money Supply (3m) (Apr) 1 4.1%
09:00 IT EUR Consumer Price Index (YoY) (May)Preliminar 1 -0.1%
09:00 IT EUR Consumer Price Index (MoM) (May)Preliminar 1 0.2%
09:00 IT EUR Consumer Price Index (EU Norm) (MoM) (May)Preliminar 1 0.4%
09:00 IT EUR Consumer Price Index (EU Norm) (YoY) (May)Preliminar 1 -0.1%
09:00 GR EUR Gross Domestic Product n.s.a (YoY) (Q1) 1 0.3%
09:00 GR EUR Producer Price Index (YoY) (Apr) 1 -4.4%
10:00 IT EUR Producer Price Index (MoM) (Apr) 1 0%
10:00 IT EUR Producer Price Index (YoY) (Apr) 1 -2.4%
n/a PT EUR Gross Domestic Product (QoQ) (Q1) 1 0.4%
n/a PT EUR Gross Domestic Product (YoY) (Q1) 1 1.4%