Economic calendar (GMT0):
01:30 Australia Trade Balance May -0.12 -0.21 -1.91
06:00 United Kingdom Nationwide house price index June +0.7% +0.7% +1.0%
06:00 United Kingdom Nationwide house price index, y/y June +11.1% +11.8%
08:30 United Kingdom PMI Construction June 60.0 59.7 62.6
09:00 Eurozone GDP (QoQ) (Finally) Quarter I +0.2% +0.2% +0.2%
09:00 Eurozone GDP (YoY) (Finally) Quarter I +0.9% +0.9% +0.9%
09:00 Eurozone Producer Price Index, MoM May -0.1% +0.1% -0.1%
09:00 Eurozone Producer Price Index (YoY) May -1.2% -1.0% -1.0%
11:15 Australia RBA Assist Gov Debelle Speaks
The U.S. dollar traded mixed against the most major currencies ahead of the U.S. jobs data and factory orders. The U.S. economy should add 206,000 jobs according to the ADP employment report.
Factory orders in the U.S. should decline 0.1% in May, after a 0.7% gain in April.
The euro declined against the U.S. dollar after the weaker-than-expected economic data from Eurozone. Eurozone's gross domestic product increased 0.2% in the first quarter, in line with expectations, after a 0.2% gain the previous month. On a yearly basis, Eurozone's gross domestic product climbed 0.9% in the first quarter, in line with expectations, after a 0.9% rise the previous month.
The producer price index in the Eurozone declined 0.1% in May, missing expectations for a 0.1% gain, after a 0.1% decrease in April. On a yearly basis, Eurozone's producer price index fell 1.0% in May, in line with expectations, after a 1.2% decline in April.
The British pound climbed against the U.S. dollar due to the better-than-expected U.K. construction purchase managers' index. The U.K. construction purchasing managers' index surged to 62.6 in June from 60.0 in May. Analysts had expected the index to fall to 59.7.
Nationwide house price index for the U.K. increased 1.0% in June, exceeding expectations for a 0.7% rise, after a 0.7% gain in May.
On a yearly basis, Nationwide house price index for the U.K. climbed 11.8% in June, after 11.1% rise in May.
EUR/USD: the currency pair declined to $1.3655
GBP/USD: the currency pair climbed to $1.7177
USD/JPY: the currency pair decreased to Y101.40
The most important news that are expected (GMT0):
12:15 U.S. ADP Employment Report June 179 206
14:00 U.S. Factory Orders May +0.7% -0.1%
15:00 U.S. Fed Chairman Janet Yellen Speaks
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