[U][B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]–Australia’s trade deficit narrowed to A$2.74 billion in March from a record A$3.26 billion the month prior. The current commodity boom led to exports in iron ore, coal and wheat increasing significantly. Despite interest rates at a 12 year high, the economy continues to grow and is headed for its 17th straight year of expansion. The RBA is expected to leave rate unchanged going forward, but if inflation and growth continues to grow another rate hike maybe in store. For more news and resources, visit our Australian Dollar Currency Room.
• [B]GBPUSD [/B]– Rightmove Plc reported a 1.2% increase in home prices in May. Sellers were embolden by recent actions from the BoE to provide liquidity to the market. Officials at Rightmove called sellers unrealistic and the limited supply of buyers will make it difficult for them to sell their houses, further depressing the market. Discuss the topic and your trade ideas in the GBP/USD Forum.
• [B]EURUSD [/B]– European construction output fell 2.2% in March from a 1.6% increase the month prior. The reversal was led by a 12.3% decline in Germany, the regions largest economy. Nevertheless, the region has remained resilient in the face of the U.S. slowdown headwinds, allowing the ECB to focus on price stability. Discuss the topic and your trade ideas in the EUR/USD Forum.
• Dairy Co-op Faces Price Manipulation Probe (link) – Wall Street Journal
• Microsoft Revives Yahoo Fight, Considers More Limited Deal (link) – Wall Street Journal
• Trichet Market Correction ‘Ongoing’ (link) – Financial Times
• TIPPS Show Bonds See Bubble Burst For Commodity Prices (link) – Bloomberg
• U.S. Recession To End By September, Business Economist Say (link)– Bloomberg
