TradingKey - Com a aproximação do fim de junho, as atenções do mercado se voltam para o próximo relatório de empregos não agrícolas (payroll) dos EUA de junho, que será divulgado nesta quinta-feira (2

Turkey Trade Balance came in at -5.61B below forecasts (-5.6B) in May

Austria Producer Price Index (MoM) declined to 0.5% in May from previous 0.9%

Austria Producer Price Index (YoY): 2.8% (May) vs 1.9%

BNY Markets’ John Velis and David Tam discuss Federal Reserve reserve management purchases (RMPs), noting that new qualifying language suggests the Federal Open Market Committee (FOMC) is more comfortable with system reserves and may adjust RMPs more flexibly.

France Consumer Spending (MoM) came in at 0.5%, above expectations (0.2%) in May

Deutsche Bank strategists note a solid risk-on tone in US equities as a recovery in technology stocks lifted the broader market. The Magnificent 7 outperformed, helping the S&P 500 to snap a five-day losing streak and putting it on the verge of its best quarterly performance in six years.

The EUR/GBP cross trades in negative territory around 0.8605 during the early European trading hours on Tuesday. The Euro (EUR) remains weak against the British Pound (GBP) despite the upbeat Germany’s Retail Sales data.

European Central Bank (ECB) Chief Economist Philip Lane said on Tuesday that the oil market has moved quite a bit since the last decision, adding that oil prices curve sees elevated levels in years ahead, suggesting costs for the economy.

Commerzbank’s Dr. Henry Hao argues that resilient manufacturing and non-manufacturing PMIs suggest China’s economy is not weak enough to warrant immediate broad-based easing, even as domestic demand indicators stay soft.

German Retail Sales, a key measure of consumer spending, showed a surprise upside in May. The consumer spending measure rose 1.1% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.1%.

United Kingdom Gross Domestic Product (YoY) registered at 0.9%, below expectations (1.1%) in 1Q

United Kingdom Total Business Investment (YoY) registered at -1.3% above expectations (-1.8%) in 1Q

Germany Import Price Index (MoM) registered at 0.7% above expectations (0.6%) in May

Germany Import Price Index (YoY): 6.8% (May) vs 5.3%

United Kingdom Total Business Investment (QoQ) came in at 0.9%, above forecasts (0.7%) in 1Q

United Kingdom Gross Domestic Product (QoQ) meets forecasts (0.6%) in 1Q

United Kingdom Current Account came in at £-22.1B below forecasts (£-21.5B) in 1Q

Japan Construction Orders (YoY) rose from previous -32.3% to -6.7% in May

Japan Housing Starts (YoY) came in at 33.9%, above expectations (31.8%) in May

USD/IDR continues to gain ground for the second consecutive day, trading around 17,940 during the Asian hours on Tuesday. The currency pair rose as the Indonesian Rupiah (IDR) weakened over governance and transparency concerns.

AUD/JPY loses ground after remaining flat in the previous day, trading around 111.40 during the Asian hours on Tuesday.

The Reserve Bank of Australia (RBA) published the Minutes of its June monetary policy meeting this Tuesday, with the details below. 

Japan’s Finance Minister Satsuki Katayama said on Tuesday that her government “will respond appropriately to currency moves at any time as needed.”

China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in June, compared to 50.0 in the previous reading. The reading came in above the market consensus of 50.1 in the reported month. 

Australia Private Sector Credit (YoY) up to 8.2% in May from previous 8%

China NBS Manufacturing PMI registered at 50.3 above expectations (50.1) in June

China NBS Non-Manufacturing PMI above forecasts (49.9) in June: Actual (50.2)

Australia Private Sector Credit (MoM) came in at 0.7%, above expectations (0.6%) in May

Japan’s Chief Cabinet Secretary Minoru Kihara reiterated during a regularly scheduled press conference this Tuesday that officials he is always ready to take necessary action on forex. Kihara, however, refrained from commenting on specific forex level.