Data due from Australia today (I'll get to the dinner invitation in a moment)
2330GMT - ANZ Roy Morgan Weekly Consumer confidence (week ended June 28), prior was 114.0
0100GMT - HIA (that'd be the Housing Industry of Australia) New Home Sales for May
prior was +0.6% m/m
0130GMT - Private Sector Credit for May
- for the m/m, expected is +0.5%, prior was +0.3%
- for the y/y, expected is +6.1%, prior was +6.1%
The private sector credit will be the focus, but it isn't usually much of an FX market-mover. Included with this data is the 'business' and 'housing' credit data, which will also be looked at. I don't have 'expected' points for this, but the priors (for April) were:
- Housing credit +0.5% m/m and +6.0% y/y (Note ... for housing investment +10.4% y/y)
- Business credit flat at 0.0% m/m & +5.0% y/y
--
Due at 0840GMT (June 30), and our dinner guest (well, dinner time for me, anyway), Reserve Bank of Australia Governor Stevens speaks in London at a function hosted by the Official Monetary and Financial Institutions Forum (OMFIF), London. The topic is The Changing Landscape of Central Banking.
Stevens' speech comes in the hours leading up to the 'blackout' period before a board meeting. The next meeting is on Tuesday (July 7). RBA staff are not to speak to the media during the blackout. It begins on Wednesday afternoon (when the RBA's internal Policy Discussion Group, this is where RBA staff recommendations to the board are formulated).
