Market news
06.07.2012, 12:04

European session: Euro consolidates

Data
05:00 Japan Leading Economic Index May 95.6 95.3 95.9
05:00 Japan Coincident Index May 96.9 95.7 95.8
07:00 Switzerland Foreign Currency Reserves June 303.8 364.9
07:15 Switzerland Consumer Price Index (MoM) June 0.0% -0.3% -0.3%
07:15 Switzerland Consumer Price Index (YoY) June -1.0% 1.0% -1.1%
08:30 United Kingdom Producer Price Index - Input (MoM) June -2.5% -2.1% -2.2%
08:30 United Kingdom Producer Price Index - Input (YoY) June +0.1% -2.2% -2.3%
08:30 United Kingdom Producer Price Index - Output (MoM) June -0.2% -0.2% -0.4%
08:30 United Kingdom Producer Price Index - Output (YoY) June +2.8% +2.4% +2.3%
10:00 Germany Industrial Production s.a. (MoM) May -2.1% +0.3% +1.6%
10:00 Germany Industrial Production (YoY) May -0.6% -1.2% +0.0%

During the European session, the euro traded in a narrow range. The pair reached the previous day, but after the release of economic data from the UK euro rose slightly. The growth did not last long and the couple retreated back to the old values
Today, market participants are influenced by yesterday's events that caused the sharp appreciation of the dollar against other currencies. Also today, the euro may affect the data from the U.S. to change the number of employed and unemployment rate for June. It is expected that the number of people employed in non-agricultural sectors will increase significantly, while the unemployment rate will remain the same
Pound during the session, fell sharply, by updating the minimum of the previous day, but after the release of data on the UK price index rate rose to the level of 1.5550. After the excitement of the news on the decline, the pound began a gradual decline and is now trading near the average of the day. The Canadian dollar rose slightly today, updating the maximum values ​​of the previous day. Now the pair is trading near the maximum values ​​achieved and is on the eve of release of data on unemployment and the change in the number of employees. It is expected that the unemployment rate will not change, and the number of employees will decrease.

EUR / USD: during the European session, the pair consolidated after yesterday's sharp decline and is now trading between $ 1.2364 - $ 1.2400
GBP / USD: pair dropped to 1.5505, and then gradually began to recover and is now trading near 1.5540
USD / JPY: during the session, the pair traded in a narrow band at 79.85

At 12:30 GMT, Canada will announce the change of volume of building permits issued in May. Also at this time there are data on changes in the number of employed and unemployment rate for June. At 12:30 GMT the United States will inform the unemployment rate for June. At the same time becomes aware of change in the number of people employed in non-agricultural sector, in private and in the manufacturing sector in June. The latest news from the U.S. will be information about the change in average hourly wages for June. Finish the day at 14:00 GMT Canada data on the index of the PMI Ivey (adjusted for seasonality and without) in June.

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