FX & CFD trading involves significant risk
Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:00 China Trade Balance, bln June 59.488 55.7 45.6
04:30 Japan Tertiary Industry Index May -0.2% -0.7%
04:30 Japan Industrial Production (MoM) (Finally) May 1.2% -2.2% -2.1%
04:30 Japan Industrial Production (YoY) (Finally) May 0.1% -4.0% -3.9%
The euro traded in a narrow range after Friday's advance. Euro zone leaders decided not to expel Greece from the single currency area in exchange for the country's consent to meet its obligations. Parties agreed that Greece will receive help stepwise. Greece has to "push" 6 reform projects through parliament until July 14. Greek PM Alixis Tsipras said he would go for these projects to persuade its partners to start negotiations on a third bailout program worth €86 billion ($95.5 billion). If Greece meets these conditions German parliament will meet Thursday to provide German chancellor and finance minister with a mandate for negotiations regarding a new loan.
The Australian dollar rose after China (its biggest trading partner) reported that its imports fell 6.1% in June. However traders welcomed this decline as analysts expected a 16.0% drop. Thus the Australian dollar advanced. In June China trade surplus came in at $45.61 billion vs $55.7 billion expected.
EUR/USD: the pair stayed around $1.1110-50 in Asian trade
USD/JPY: the pair fell to Y122.40
GBP/USD: the pair traded around $1.5490-20
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
08:30 United Kingdom BOE Credit Conditions Survey Quarter II
09:00 Eurozone Eurogroup Meetings
18:00 U.S. Federal budget June -82.4 51
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.