Trial now
SOUTH AFRICA

Headline CPI Seen Creeping Higher

GBPUSD

Sterling Edging Lower Through European Open

SILVER TECHS

Bull Mode Intact

GOLD TECHS

Bearish Threat Still Present

IDR

Spot USD/IDR has shed 23 figs and last trades at IDR14,332. Bears look for a continued slide through the 100-DMA at IDR14,258, towards May 10 low of IDR14,145. Conversely, a jump above the 200-DMA/May 20 high at IDR14,390/14,400 would allow bulls to set their sights on the 50-DMA at IDR14,441.

  • USD/IDR 1-month NDF last seen at IDR14,370, virtually unch. on the day. A breach of the 100-DMA at IDR14,346 would expose May 7 cycle low of IDR14,133. On the topside, focus falls on May 20 high of IDR14,475 and a break here would draw attention to the 50-DMA at IDR14,494.
  • FinMin Indrawati told lawmakers Monday that a recovery in consumption & low-base effect will support Q2 GDP reading. She added that budget deficit reached 0.38% of GDP or IDR138.1tn at the end of Apr.
  • Bank Indonesia are set to deliver their monetary policy decision today. Virtually all analysts expect the MPC to hold steady. Click here to see our preview of the decision.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com