Analytics, News, and Forecasts for CFD Markets: currency news — 22-05-2017.

00:30 Japan Manufacturing PMI (Preliminary) May 52.7

04:30 Japan All Industry Activity Index, m/m March 0.7%

06:00 Germany GDP (QoQ) (Finally) Quarter I 0.4% 0.6%

06:00 Germany GDP (YoY) (Finally) Quarter I 1.8% 1.7%

06:00 Switzerland Trade Balance April 3.1

07:00 France Manufacturing PMI (Preliminary) May 55.1 55.2

07:00 France Services PMI (Preliminary) May 56.7 56.4

07:30 Germany Manufacturing PMI (Preliminary) May 58.2 58

07:30 Germany Services PMI (Preliminary) May 55.4 55.4

08:00 Eurozone Services PMI (Preliminary) May 56.4 56.5

08:00 Eurozone Manufacturing PMI (Preliminary) May 56.7 56.7

08:00 Germany IFO - Business Climate May 112.9 113.1

08:00 Germany IFO - Expectations May 105.2 105.4

08:00 Germany IFO - Current Assessment May 121.1 121.2

08:30 United Kingdom PSNB, bln April -4.36 -8.15

10:00 United Kingdom CBI retail sales volume balance May 38 10

12:30 Canada Wholesale Sales, m/m March -0.2%

13:45 U.S. Manufacturing PMI (Preliminary) May 52.8 52.9

13:45 U.S. Services PMI (Preliminary) May 53.1 53.1

14:00 U.S. Richmond Fed Manufacturing Index May 20

14:00 U.S. New Home Sales April 621 611

15:00 Eurozone ECB's Benoit Coeure Speaks

19:15 U.S. FOMC Member Kashkari Speaks

21:00 U.S. FOMC Member Harker Speaks

22:45 New Zealand Trade Balance, mln April 332

EURUSD: 1.1085-95 (EUR 836m) 1.1100-10 (927m) 1.1130-40 (458m) 1.1150 (879m) 1.1200 (1.1bln) 1.1225 (1bln) 1.1240-50 (1bln) 1.1300-10 (735m)

USDJPY: 110.00 (USD 594m) 110.50 (250m) 111.00 (404m) 111.20 (331m) 111.40-50(1.03bln) 112.00 (633m) 112.40-50 (1.02bln) 113.00 (675m)

GBPUSD: 1.2930 (GBP 180m) 1.2975 (1.1bln) 1.2995-3000 (273m)

EURGBP: 0.8450 (EUR 190m)

AUDUSD: 0.7400 (AUD 366m) 0.7530-40 (566m) 0.7600 (203m)

USDCAD: 1.3600-10 (USD 216m)

EURJPY: 124.25 (EUR 805m) 125.00 (338m)

• Says iran plays "difficult" role in Syria; we expect Iran to behave responsibly in the region, supporting not terror politics but peace politics

• IMF and Eurogroup should make sure debt servicing leaves space for education, research, development in Greece

• Greece now needs the implementation of that promise from 2016

• We shouldn't waste time discussing EU treaty changes that can only be done in medium term at earliest

• Says Eurogroup offered prospect of Greek debt lightening already in 2016 in exchange for strong performance

EUR/USD

Offers: 1.1200 1.1220 1.1260 1.1300 1.1350

Bids: 1.1150 1.1130 1.1100 1.1080 1.1065 1.1050

GBP/USD

Offers: 1.3000 1.3020-25 1.3050 1.3080 1.3100

Bids: 1.2950 1.2935 1.2920 1.2900 1.2875-80 1.2850

EUR/JPY

Offers: 124.85 125.00 125.30 125.50

Bids: 124.30 124.00 123.80 123.50 123.30 123.00

EUR/GBP

Offers: 0.8620-25 0.8655-60 0.8680 0.870

Bids: 0.8600 0.8585 0.8570 0.8550 0.8530-35 0.8500-10

USD/JPY

Offers: 111.50 111.60 111.80 112.00 112.30 112.60 112.80 113.00

Bids: 111.00 110.80 110.50 110.30 110.00

AUD/USD

Offers: 0.7460 0.7480 0.7500 0.7530 0.7550

Bids: 0.7430 0.7400 0.7380 0.7370 0.7350 0.7300

• Says low oil price also a factor

• French finmin minister Le Maire says working group will present concrete ideas on developing euro zone

• Schaeuble says working group to come up with ideas by july

• Le Maire says convinced will work well with Schaeuble to the benefit of France, Germany and Europe

• Schaeuble says both convinced Germany and France have special leadership role in strengthening euro zone

• Le Maire says France will respect its deficit reduction commitments

• Says sees rouble at 62-63 per dollar at the end of 2017 if global oil cut deal extended

• Says may lower 2017 inflation forecast if global oil cut deal extended

EURUSD: 1.1085-95 (EUR 836m) 1.1100-10 (927m) 1.1130-40 (458m) 1.1150 (879m) 1.1200 (1.1bln) 1.1225 (1bln) 1.1240-50 (1bln) 1.1300-10 (735m)

USDJPY: 110.00 (USD 594m) 110.50 (250m) 111.00 (404m) 111.20 (331m) 111.40-50(1.03bln) 112.00 (633m) 112.40-50 (1.02bln) 113.00 (675m)

GBPUSD: 1.2930 (GBP 180m) 1.2975 (1.1bln) 1.2995-3000 (273m)

EURGBP: 0.8450 (EUR 190m)

AUDUSD: 0.7400 (AUD 366m) 0.7530-40 (566m) 0.7600 (203m)

USDCAD: 1.3600-10 (USD 216m)

EURJPY: 124.25 (EUR 805m) 125.00 (338m)

• Feels Trump presidency likely to continue period of political volatility but markets can learn to get used to it

• Controversy in Washington has not yet had appreciable economic impact

• Expects "minimal" impact from balance sheet reduction on bond markets, assuming policy change communicated and managed appropriately

• Won't get a lot of jobs back in manufacturing; U.S. economy excels at services

• Both sides of political aisle agree on the importance of the independence of the Fed

• U.S. dollar is still seen as stable, world reserve currency

• Speculators increase cbot US 5-year treasury futures net short position by 23,739 contracts to 170,167 in week on may 16

• Speculators switch cbot US treasury bonds futures to net short position of 6,848 contracts in week on may 16 vs 5,178 net longs a week ago

EUR/USD

Resistance levels (open interest**, contracts)

$1.1299 (6132)

$1.1260 (5514)

$1.1238 (6534)

Price at time of writing this review: $1.1188

Support levels (open interest**, contracts):

$1.1165 (784)

$1.1122 (610)

$1.1060 (2030)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 79482 contracts, with the maximum number of contracts with strike price $1,1000 (6534);

- Overall open interest on the PUT options with the expiration date June, 9 is 94984 contracts, with the maximum number of contracts with strike price $1,0700 (5504);

- The ratio of PUT/CALL was 1.20 versus 1.19 from the previous trading day according to data from May, 19

GBP/USD

Resistance levels (open interest**, contracts)

$1.3302 (1051)

$1.3204 (3467)

$1.3108 (3166)

Price at time of writing this review: $1.2997

Support levels (open interest**, contracts):

$1.2895 (1452)

$1.2797 (2090)

$1.2699 (2031)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 35464 contracts, with the maximum number of contracts with strike price $1,3000 (3878);

- Overall open interest on the PUT options with the expiration date June, 9 is 36430 contracts, with the maximum number of contracts with strike price $1,1500 (3061);

- The ratio of PUT/CALL was 1.03 versus 1.04 from the previous trading day according to data from May, 19

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.