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Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
06:00 Switzerland UBS Consumption Indicator May 1.25 1.73
The euro stayed near yesterday's lows. This single currency is still weighed by positive attitude towards the dollar, ECB's quantitative easing and expectations of a deal between Greece and its lenders. Yesterday an official from Greece said that the country is ready to meet its obligations and make a payment to the IMF on June the 30th.
The sterling was suppressed by CBI's data, which showed that UK industry orders fell to their lowest level since July 2013 in June. The CBI Industrial Trends total order book balance fell to -7 from -5 in May. Export orders fell to -17 in June from -7 in May.
Meanwhile U.S. durable orders data for May were mixed, indicating that the country's manufacturing might remain quite weak in the coming months. May durable goods orders fell by -1.8%. The decline was driven by the aircraft industry. Orders except transportation posted +0.5%, ex defense orders posted -2.1%. Nondefense capital goods orders ex aircraft came in at +0.4%. However nondefense aircraft & parts orders fell by 35.3%.
EUR/USD: the pair has traded around $1.1160-85 this morning
USD/JPY: the pair traded around Y123.95
GBP/USD: the pair traded around $1.5725-45
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
08:00 Germany IFO - Business Climate June 108.5 108.1
08:00 Germany IFO - Current Assessment June 114.3 114.1
08:00 Germany IFO - Expectations June 103.0 102.5
08:30 United Kingdom BBA Mortgage Approvals May 42.1
09:00 Eurozone Eurogroup Meetings
11:00 U.S. MBA Mortgage Applications June -5.5%
12:30 U.S. GDP, q/q (Finally) Quarter I 2.2% -0.2%
13:00 Belgium Business Climate June -4.9 -5.1
13:00 Switzerland SNB Quarterly Bulletin
14:30 U.S. Crude Oil Inventories
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