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It was a mixed day for Asian session traders, as they priced in last Friday’s NFP, U.S.-China trade, Iran’s nuclear deal deadline on a relatively quiet session.

  • AIG’s construction index down from 57.2 to 55.4 in April
  • AU NAB business confidence inches up from 8 to 10 in April
  • AU ANZ job ads dips by 0.2% after 0.1% slip in March

Major Events/Reports:

Australia’s economic reports

Data from the Land Down Under came in mixed. NAB’s business confidence edged higher from 8 to 10 and business conditions climbed 6 points to 21.

According to NAB’s Chief Economist, the numbers support the idea that “business activity in Australia is robust” and that “over-time we should see strong jobs growth and falls in the unemployment rate” and eventually push the RBA to start increasing its rates.

Meanwhile, ANZ’s job ads data slipped by 0.2% after already dipping in the last two months. Last but not the least is a construction index from AIG, which showed a 1.8-point decline as both activity and new orders grew at a slower pace.

Mixed market results

Asian session trading was a mixed bag of beans, as market players priced in last Friday’s NFP report as well as their concerns over NAFTA, U.S.-China trade talks, and a looming deadline for Iran’s nuclear deal.

  • Nikkei is down by 0.04% to 22,464.7
  • Australia’s A SX 200 is down by 0.41% to 6,075.9
  • Hang Seng is up by 0.51% to 30,077.6
  • Shanghai index is up by 1.21% to 3,128.341

Crude oil got an extra boost on Venezuela’s economic woes and the possibility of the U.S. pulling out of Iran’s nuclear deal and slapping sanctions back to the oil-producing country.

  • Gold is up by 0.17% to $1,316.95
  • Brent crude oil is up by 0.99% to $76.68
  • U.S. WTI is up by 0.90% to $70.37

Major Market Mover(s):

The mixed reports, together with a bit of profit-taking ahead of tomorrow’s annual budget release, brought the bears to the Aussie’s yard today.
AUD/USD is down by 15 pips (-0.19%) to .7524
AUD/JPY is down by 12 pips (-0.14%) to 82.09
AUD/NZD is down by 27 pips (-0.25%) to 1.0710
EUR/AUD is up by 40 pips (+0.25%) to 1.5898

There was no single catalyst for the pound’s price action, but the U.K. currency still managed to dominate Asia’s trading session.
GBP/USD is up by 24 pips (+0.17%) to 1.3550
GBP/JPY is up by 34 pips (+0.23%) to 147.81
GBP/AUD is up by 73 pips (+0.40%) to 1.8006
GBP/CAD is up by 42 pips (+0.24%) to 1.7414

Watch Out For:

  • U.K. markets out on May Day holiday
  • 6:00 am GMT: Germany’s factory orders (0.5% expected, 0.3% previous)
  • 7:00 am GMT: Switzerland’s foreign currency reserves
  • 7:15 am GMT: Switzerland’s CPI (0.3% expected, 0.4% previous)
  • 7:15 am GMT: Switzerland’s CPI (0.3% expected, 0.4% previous)
  • 8:10 am GMT: Euro Zone retail PMI
  • 8:30 am GMT: Sentix investor confidence (21.2 expected, 19.6 previous)