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%
08:30 United Kingdom BOE Credit Conditions Survey Quarter II
09:00 Eurozone Eurogroup Meetings
The U.S. dollar traded mixed to higher against the most major currencies on speculation the Fed may start raising its interest rate this year. Federal Reserve Chair Janet Yellen said on Friday that she expects the interest rate hike by the Fed at some point this year. But she added that the U.S. labour market remains week.
The euro traded lower against the U.S. dollar despite a deal between Greece and its lenders. "EuroSummit has unanimously reached agreement. All ready to go for ESM programme for Greece with serious reforms and financial support," European Council President Donald Tusk said on Monday.
The deal needs to be approved by national parliaments before talks about a bailout programme can start.
The Greek government should have to pass a series of reforms, including tax and pensions reforms, into law by Wednesday to restore trust.
"The advantages far outweigh the disadvantages. The country which we help has shown a willingness and readiness to carry out reforms," German Chancellor Angela Merkel said on Monday.
The British pound traded mixed against the U.S. dollar after the release of the Bank of England's quarterly Credit Conditions Survey. Demand for mortgages in the second quarter rose. It was the strongest increase in demand for mortgages since the end of 2013.
According to the report, demand for loans from small and big businesses climbed, and it was expected to increase in the third quarter too.
EUR/USD: the currency pair fell to $1.1040
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair climbed to Y123.48
The most important news that are expected (GMT0):
18:00 U.S. Federal budget June -82.4 51