Trading activity should pick up pace on this Tuesday as traders in the US and UK return from a three day weekend, so let’s see what news events could influence the markets.
Swiss Trade Balance for April opens this agenda at 6 o’clock in the morning. Surplus narrowed down in March, but the balance has been positive for more than 10 years now.
Euro Zone M3 Money Supply for April follows at 8 AM. The growth rate of the M3 Money supply slowed down sharply in March, dropping below the 4% level for the first time in 3 years.
Then the US S&P Case Shiller House Price Index for March will be available at 1 PM GMT. The 20 city index growth accelerated to 6.8% in February and it has been on an upward trajectory since 2012.
Greenback traders will be monitoring closely the high importance US Consumer Confidence release for May at 2 PM. Confidence improved moderately in April after a decline in March.
Another high importance event follows at 9 PM, when Reserve Bank of New Zealand will release their semi-annual Financial Stability Report.
The less important New Zealand Building Consents for April will be available at a quarter to 11. The number of consents surged in March by double digits.
UK Shop Price Index for May is out just shortly after 11 PM. Index was unchanged in April at minus 1% year on year.
Preliminary Japanese Retail Sales for April are up next at ten to midnight. Growth slowed down sharply in March, dropping to 1% year on year.
A high importance speech by the Bank of Japan Governor Kuroda is scheduled at midnight. It will take place at the Institute for Monetary and Economic Studies and Kuroda will speak on Central Banking in a Changing World.
Another high importance speech follows at 1:10 in the morning, when the Reserve Bank of New Zealand Governor Adrian Orr will speak at Parliament Select Committee.
Australian Building Approvals for April will be released at 1:30 AM. The volatile reading rose by 2.6% in March, partially recovering February’s drop of 4.2%.
Japanese Consumer Confidence for May wraps up this agenda at 5 o’clock in the morning. Sentiment weakened in April as the index declined by point 7 points.
I’m Kiays Khalil and this was the Dukascopy Economic Calendar for Tuesday.

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