[U][B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– Australian consumer confidence rose to 2.7% in April from a decline of 1.3% the month prior. Sentiment among low and middle income earners rose as they received a tax cut from the government. For more news and resources, visit our Australian Dollar Currency Room.
• [B]GBPUSD [/B]– The BoE voted 8 to 1 to keep the benchmark rate unchanged at 5.00% at their May 8th policy meeting due to inflation concerns. Perennial dove David Blanchflower was the only dissenter calling for a quarter point cut. Inflation continues to remain a concern for the central bank as they believe that current record energy costs will filter through to consumer prices for the next twelve months. Discuss the topic and your trade ideas in the GBP/USD Forum.
• [B]EURUSD [/B]– German business confidence in May surprised for the fourth straight month, printing at 103.5 against expectations of 102.0. The manufacturing and trade sectors saw the biggest jump in confidence increasing from 13.3 to 15.0 and from 4.0 to 6.2 respectively. The strong fundamental data justifies the ECB staunch hawkish stance and focus on price stability, with speculation increasing that a future rate hike is now a possibility. Discuss the topic and your trade ideas in theEUR/USD Forum.
• [I]Obama Claims Delegate Majority[/I] (link) – Wall Street Journal
• [I]U.S. Military Launches Alternative Fuel Push[/I] (link) – Wall Street Journal
• [I] Shortage Fears Push Oil Futures Near $140 /I – Financial Times
• [I]German Business Confidence Unexpectedly Rose in May /I – Bloomberg
• [I] Moody’s Probe Ratings On Report Computer Bug Caused Aaa Grades[/I] (link) – Bloomberg
