After starting well across Asia & Europe......>

FOREX: After starting well across Asia & Europe dealing, GBPUSD slipped in NY

trading hours as UK parliament confirmed that June 12 will be the date for

debate on amendments to the EU withdrawal bill. The rate briefly slipped below

1.33, but downside was limited and market is yet to test last Friday's low.

- AUD outperformed throughout NY hours, with Australian retail sales & strong

GDP partials continuing to support AUD. AUDUSD closed above the 50-DMA for the

first time since April. Generally positive equity markets helped risk across the

board, meaning that JPY & CHF were among the worst performers today. The moves

came despite Trump remaining firm on steel & aluminium tariffs while EU powers

continue to seek a climbdown before resorting to the WTO. USDJPY remains below

110 which may provide key resistance ahead of the 110.21 200-DMA.

- Risk events of note in the Asia-Pacific session include the RBA MonPol

decision, Australia Q1 BoP Current A/c & Net Exports of GDP & China Caixin

services & composite PMIs. Later on Tuesday EZ, UK & US services PMIs will hit,

as well as EZ retail sales & ISM non-m'fing PMI as well as speeches from ECB's

Nowotny, Weidmann and BoE's Cunliffe.