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PIPELINE

High-Grade Corporate Issuance Review

US TSYS SUMMARY

Edging Higher Pre-FOMC

ITALY AUCTION RESULTS

Specialist tap results

EQUITIES

Stocks Mixed, But Non-Directional Pre-Fed

DOLLAR-IDR
DOLLAR-IDR: USD/IDR trades +17 pips at IDR14,902, following the release of
Indonesian trade data for April. Trade deficit was wider than expected, with
both imports and exports tumbling more than forecast.
- In local news, an MP and member of Indonesia's influential Commission XI,
overseeing finances and banking, argued that BI should purchase gov't bonds at
yields lower than at auctions to help prop up the economy.
- Bulls need a clearance of May 5 high of IDR15,138 before attempting a move at
Apr 23 high of IDR15,598. Meanwhile, bears look for a dip through May 13 low of
IDR14,865 before targeting the 61.8% retracement of the Jan 24 - Mar 23 rally at
IDR14,741.
- Focus turns to Bank Indonesia's monetary policy decision, due next Tuesday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com