Welcome, Traders!
Today is Monday the 8th of May / Tuesday the 9th of May, depending on where you are.
Here are some things to look out for in the session.
Sentiment
In New York afternoon trading, the US dollar recovered its losses after a Fed survey of credit officers revealed that banks were reporting tighter lending standards and weaker demand for business loans; commodity currencies led gains among G-10 peers, with the Norwegian krone, Australian and New Zealand dollars outperforming. According to a Fed survey of lending officers released Monday, US banks reported tighter standards and weaker demand for commercial and industrial loans in the first quarter, extending a trend that began before recent banking sector stresses emerged.
Docket
7:30 PM ET
Japanese All Household Spending MoM - Prior: -2.4%
Japanese All Household Spending YoY - Forecast: 0.8% | Prior: 1.6%
9:30 PM ET
Australian Retail Trade - Forecast: -0.6% | Prior: -0.2%
11:00 PM ET
Chinese Exports YoY USD - Prior: 54.9
Chinese Imports YoY USD - Prior: 54.9
Chinese Trade Balance USD - Prior: 54.9
