It should be an active day in Asia today, there is plenty on the calendar to drive forex movement
2245GMT - New Zealand - Building permits for April, prior -9.8% m/m
2330GMT - Australia - ANZ/Morgan Weekly Consumer Confidence (week ended May 29), prior was a strong 115.7, taking it up 3.6% over the past 4 weeks
2330GMT - Japan
- Overall Household Spending y/y for April, expected is -1.3%, prior was -5.3%
- Jobless Rate for April, expected is 3.2%, prior was 3.2%
- Job-To-Applicant Ratio for April, expected is 1.30, prior was 1.30
2350 - Japan
- Industrial Production m/m for April (preliminary reading), expected -1.5%, prior 3.8%
- 2350GMT Industrial Production y/y for April (preliminary), expected -5.0%, prior +0.2%
0100GMT - New Zealand - ANZ Business Confidence and Activity Outlook for May, priors 6.2 and 32.1 respectively
0130GMT - Australia - Building approvals for April
- For the m/m, expected is -3.0%, prior was +3.7%
- For the y/y, expected is -6.7%, prior was -6.5%
Also, Private Sector Credit for April,
- m/m expected +0.5%, prior +0.4%
- y/y expected +6.5%, prior +6.4%
Also, BoP Current Account Balnce for Q1,
- expected -19.5bn, prior -21.1bn
0300GMT - New Zealand - M3 Money Supply for April, prior +7.8%
0400GMT - Japan - Vehicle Production for April, prior +1.2%
The focus for today will be Japanese industrial production and Australian building approvals. I'll be back with more on these. NZ business confidence can also sometimes be a market mover.
