Let’s see which news releases could move the currency markets on Monday, the 12th of June. This is the Economic Calendar.
Two news releases regarding the Japanese economy will be released at 11:50 PM on Sunday, and Producer Price Index for May is one of them. The Index grew more than expected in April on the back of higher energy, utilities and steel prices.
Machinery Orders for April come at the same time. Orders continued growing in March, but at a slower-than-expected pace; in particular, much of the growth came from government orders.
Japanese Preliminary Machine Tool Orders for May are out at 6 AM. Orders have been growing for the past 5 months, and the April gain was the strongest in almost 3 years.
Coming up next at 6 PM GMT is the US Federal Budget Balance for May. The April data surprised on the upside as budget surplus was considerably larger than the 106.5 billion posted a year ago.
And National Australia Bank Business Confidence for May concludes the schedule at 1:30 AM. The Index jumped by 7 points in April and now stands at its highest level since 2010; in particular, the report noted a solid improvement across most sectors and regions.
This was the Economic Calendar for Monday with me, Jack Everitt. Check back in for the next overview of news releases for Tuesday. Goodbye.

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