Japan Markit Services PMI: 46.4 (April) vs previous 52.2

FXStreet.com (Barcelona)

May 7, 2014

United Kingdom BRC Shop Price Index (MoM) up to 1.4% in April from previous -1.7%

Macro trade: Short NZD/USD - JPMorgan

Paul Meggyesi, FX Strategist at JPMorgan, recommends to stay short NZD/USD this year from a macro level standpoint, saying that positions look overstretched.