Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:10 U.S. FOMC Member Laсker Speaks
00:30 Australia Leading Index April -0.3% 0.1%
01:30 Australia Construction Work Done Quarter I -0.6% Revised From -0.2% -1.5% -2.4%
06:00 Germany Gfk Consumer Confidence Survey June 10.1 10 10.2
06:00 Switzerland UBS Consumption Indicator April 1.34 Revised From 1.35 1.25
06:45 France Consumer confidence May 94 95 93
11:00 U.S. MBA Mortgage Applications May -1.5% -1.6%
The U.S. dollar higher against the most major currencies on speculation the Fed to start to hike its interest rate this year.
There will be released no major economic report in the U.S. today.
The euro traded lower against the U.S. dollar after the mixed economic data from the Eurozone. German Gfk consumer confidence index climbed to 10.2 in June from 10.1 in May, beating expectations for a decline to 10.0. It was the highest level since October 2001.
The increase was driven by a strong domestic demand and low inflation.
"Private spending is a key driver for economic growth this year," Gfk noted. But Gfk warned that the debt talks between Greece and its creditors, the Ukraine crisis and IS terrorism may weigh on consumption in Germany.
French consumer confidence index fell to 93 in May from 94 in April, missing expectation for a rise to 95. It was the first fall in seven months.
The decline was driven by a pessimistic outlook regarding consumers' future saving capacity. The index of the outlook on consumers' saving capacity plunged to -5 in May from 4 April.
The Greek debt crisis continue to weigh on the euro.
The British pound traded lower against the U.S. dollar in the absence of any major reports from the U.K.
The Canadian dollar traded lower against the U.S. dollar ahead of the Bank of Canada's interest rate decision. Analysts expect the central bank to keep its monetary policy unchanged.
The Swiss franc traded lower against the U.S. dollar after the release of the UBS consumption index in Switzerland. The UBS consumption index decreased to 1.25 in April from 1.34 in March. March's figure was revised down from 1.35.
The increase was driven by a drop in new car registrations.
EUR/USD: the currency pair declined to $1.0846
GBP/USD: the currency pair fell to $1.5345
USD/JPY: the currency pair rose to Y123.77
The most important news that are expected (GMT0):
13:00 Belgium Business Climate May -6.2 -6
14:00 Canada Bank of Canada Rate 0.75% 0.75%
14:00 Canada BOC Rate Statement
23:50 Japan Retail sales, y/y April -9.7% 5.4%
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