It's a Japanese market holiday again today, but the other major FX centres of New Zealand, Australia, Singapore and Hong Kong are all in.
On the economic data front we have a little on the agenda from Australia, and thats it. We also have some central bank activity, again just out of Australia.
2130GMT - RBA Speech
- Sarv Girn, Chief Information Officer. I won't be looking for any comments on monetary policy or the ecnomy out of this speech ...
2330GMT -
- ANZ Roy Morgan weekly Consumer Sentiment for the week ended May 3. Last week it came in at 111.8, which was a bounce from an 8 month low
- Also at 2330GMT, AIG Performance of Services index for April, prior was 50.2 (Friday's manufacturing PMI for April from Australia was again in contraction, at 48)
0130GMT - Trade balance for March,
- expected is -1bn,
- prior was -1.256bn
0430GMT - the big event of the day ... the RBA announcement of their policy board meeting decison. A cut of 25bp should be the result. I'll get a preview up soon.
