FOREX News and Overnight Technical Levels - June 14th

Asia - JPY/CNY

  • Japanese Tokyo May condo sales declines 16.9 percent on the year over year assessment.
  • China industrial production for May prints higher than expected figure, remains lofty at 18.1 percent on the yearly comparison. Boosts speculation for rate hike in the near term.
    Commodity Dollars - CAD/AUD/NZD
  • RBA Governor Stevens notes that inflation outlook has afforded time to assess trends. Notes that central bank has ample time to respond to impending consumer price risks.
  • June consumer inflation expectations rises 17.4 percent, above the previous 14.2, supportive of potentially higher rates.
  • New Zealand retail sales for the month of April decline 1.2 percent on the month over month.
    Europe - EUR/GBP
  • Eurozone May consumer price index rises 1.9 percent in the annualized comparison - as expected.
  • German consumer prices rises as expected, advances 0.2 percent on the month over month. Annualized supported at 1.9 percent.
  • UK retail sales remains strong, prints higher than expected at 0.4 percent on the monthly, rises 3.9 percent on the yearly.
  • SNB raises rates 25 basis points as expected. Current interest rate stands at 2.5 percent.
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