There is plenty on the agenda for the session here in Asia, let's see if any of it moves the currency market!
2245 GMT New Zealand PPI for the first quarter of the year
PPI Input (measures the change in the price of goods and raw materials purchased by manufacturers):
- prior was +0.9% q/q
PPI Output (measures the change in the price of goods sold by manufacturers): up 1.3% q/q
- prior was +1.0% q/q
Unlikely to have much immediate impact on the currency
2350 GMT Japan Core Machinery Orders for March
- expected -3.0% m/m, prior +2.1%
- expected 0.3% y/y, prior +2.4%
This is used as an indicator to business spending (capex) in the future (about 6 to 9 months out). Yesterday's Q1 2018 GDP data data showed a miss for capex and a downard revision to Q4 2017.
Also due at 2350 GMT is the international securities flows data
0100 GMT Australia Consumer Inflation Expectations for May (prior 3.6%)
0130 GMT Australia Labour Market report for April
- Employment Change: expected +20.0K, prior +4.9K
- Unemployment Rate: expected 5.5%, prior 5.5%
- Full Time Employment Change: prior was -19.9K
- Part Time Employment Change: prior was +24.8K
- Participation Rate: expected 65.5%, prior was 65.5%
I'll have more to come on this separately, but here is a preview to be getting started: More Australian labour market - preview of the April jobs report
Also at 0130 GMT GMT Reserve Bank of Australia forex transaction for April. Useful as a guide to FX intervention by the RBA. But they haven't' so it isn't.
0200 GMT New Zealand budget. I'll have more to come on this separately.
