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  • Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the mixed economic data from the Eurozone
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08.06.2015, 12:13

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the mixed economic data from the Eurozone

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:00 China Trade Balance, bln May 34.13 44.95 59.49

05:00 Japan Eco Watchers Survey: Current May 53.6 53.3

05:00 Japan Eco Watchers Survey: Outlook May 54.2 54.5

06:00 Germany Current Account April 27.3 Revised From 27.9 19.6

06:00 Germany Industrial Production s.a. (MoM) April -0.4% Revised From -0.5% 0.5% 0.9%

06:00 Germany Trade Balance April 23.1 Revised From 19.4 22.1

06:00 Germany Industrial Production (YoY) April 0.2% Revised From 0.0% 1.4%

08:30 Eurozone Sentix Investor Confidence June 19.6 18.7 17.1

09:00 G7 G7 Meetings

The U.S. dollar traded mixed against the most major currencies. There will be released no major economic reports today.

The greenback remained supported by Friday's U.S. labour market data. The U.S. economy added 280,000 jobs in May, exceeding expectations for a rise of 2225,000 jobs, after a gain of 221,000 jobs in April. It was the largest increase since December.

The U.S. unemployment rate rose to 5.5% in May from 5.4% in April. Analysts had expected the unemployment rate to remain unchanged at 5.4%.

The euro traded mixed against the U.S. dollar after the mixed economic data from the Eurozone. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 17.1 in June from 19.6 in May, missing expectations for a decline to 18.7. It was the lowest level since February.

The Eurozone's recovery was offset by the uncertainty over the Greek debt crisis and a stronger euro.

German investor confidence index plunged to 26.8 in June from 28.2 in May due to a stronger euro, a slower global economic growth and higher long-term yields.

German industrial production rose 0.9% in April, exceeding expectations for a 0.5% gain, after a 0.4% decline in March. March's figure was revised up from a 0.5% drop.

The output of capital goods climbed 1.5% in April, energy output rose 1.4%, the production in the construction sector gained 1.3%, while the production of intermediate goods was up 0.7%.

The output of consumer goods declined 0.9%.

Germany's seasonally adjusted trade surplus increased to €22.3 billion in April from €19.4 billion in March. March's figure was revised up from a surplus of €19.3 billion.

Exports climbed at a seasonally and calendar-adjusted 1.9% in April, while imports declined 1.3%.

Germany's current account surplus fell to €19.6 billion in April from €27.3 billion in March. March's figure was revised down from a surplus of €27.9 billion.

The uncertainty over the Greek debt crisis continues to weigh on the euro. Greece said last week that it will bundle its IMF loans repayments.

Greek Finance Minister Yanis Varoufakis and his German Finance Minister Wolfgang Schaeuble are due to meet in Berlin later in the day.

The British pound traded slightly higher against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded mixed against the U.S. dollar ahead of Canadian housing market data.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair decreased to $1.5220

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:15 Canada Housing Starts May 181.8

12:30 Canada Building Permits (MoM) April 11.6%

20:30 Canada Gov Council Member Wilkins Speaks

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