AUTOREFRESH 
Forex News | Currency News by Forexlive
BOE May Inflation report…..
EU March unadjusted trade balance Eur 8.6 bln, adjusted 4.3 bln
Feb trade balance adjusted to Eur 2.3 bln from Eur 2.8 bln
March unadjusted export +4% y/y, Imports flat y/y
March seasonally adjusted exports -0.9% m/m, Imports -1.1% m/m
Swiss ZEW invester sentiment -4.0 in May
Down from +2.1 in April, but not quite as bad as median forecast of -8.0.
EUR/CHF remains steady at 1.2010.
EU Final April HICP + 0.5% m/m and 2.6% y/y unchanged from March as expected
Ex food, Energy, alcohol and tobacco +0.5% m/m, +1.6% y/y
UK April ILO Unemployment 8.2% from 8.3% (expected 8.3%)
ILO Jobless -45k in 3mth to Mar, largest fall since Feb-Apr 2011.
April claimant count -13,700 (expected +5K) largest fall m/m since July 2010, Unemployment 4.9%
Italian March World trade surplus Eur 2.064 bln from deficit of Eur 3.783 bln in February
Italian March EU trade surplus Eur1.554 bln from deficit of Eur 721 mln in February
US business inventories rose 0.3% in March
- A 0.4% rise was expected
- Feb unrevised at +0.6%
- Retail inventories rose 0.4$ in march as sales rose 0.7%
NAHB index up to 29, a five year high
Unfortunately, 5 years ago was 2007 when the US house price collapse accelerated…
NAHB is the National Association of Homebuilders… Breakeven between optimism and pessimism is 50…
Canadian home sales rise 0.8% in April
Also up 11.5% y/y, according to the Canadian real estate association.
US April CPI +2.3% vs +2.3% y/y exp
- Prior headline reading was +2.7% y/y
- Core CPI +2.3% vs +2.3% y/y exp
- Prior core reading was +2.3% y/y
- Monthly flat reading on headline and +0.2% core, both as expected
This report was essentially right on the screws. Drilling down to the fractions, it was a tiny bit higher than expected but certainly not enough to make anyone take notice.
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