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[QUOTE="HotForex, post: 101846, member: 33561"] Macro Events and news [IMG]https://analysis.hotforex.com/wp-content/uploads/2016/05/2016-05-10_09-41-59.png[/IMG] [B]FX News Today[/B] [B]China CPI & PPI[/B]: CPI month on month (-0.2%) improved from previous (-0.4%) the year on year figure was a little short of expectations and remained unchanged at 2.3% (expectations were for a slight rise to 2.4%. It eases worries about deflation but the economy remains soft. Producer Price Index (PPI) continued to improve and beat expectations, actual number was -3.4% beating expectations of -3.8% and better than the March figure which was -4.3%. [B]German Industrial Production & Trade Balance: [/B]Worse than expected and was the second consecutive monthly drop. Industrial production was -1.3% from -0.7% last month and significantly weaker than expectations at -0.2%. Conversely the German trade balance exceeded expectations at 23.6bln euro but German exports declined by 0.5% and imports by 4.3% in March 2016 year on year. [B]Fedspeak: [/B]Minneapolis Fed’s Kashkari, monetary policy stance is appropriate and there’s room for improvement in the economy, he said, though non-monetary policies are more important than Fed policy to attain full employment. Indeed, he reiterates that monetary policy has its limits and there’s too much focus on near-term interest rate policy than the need for long-term solutions. Sounds like he continues to straddle the fence and would vote with the consensus in June (whatever that is) if he had a vote. [B]Japan FM Aso: Y[/B]esterday talked of potential intervention by the BOJ and that the US does not object to Japans FX policy, however, overnight he has been quoted[B] “[/B][I]We’ve been saying that one-sided rapid currency moves are undesirable. As a result, the dollar is now moving around 108.00” [/I] All very interesting, USDJPY currently trading at 108.80. [B]Main Macro Events Today[/B] [LIST] [*] [B]US Wholesale Inventories: [/B]An improvement to -0.1% from -0.5% is expected. [/LIST] [LIST] [*][B]UK Trade Balance: [/B]We expect a rise to -11.2bln GBP from -12Bln last month. Brexit remains the dominant factor for the GBP. [/LIST] [/QUOTE]
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