Market news
01.07.2015, 07:00

Foreign exchange market. Asian session: euro’s declines are limited by hopes for a solution

Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
01:00 China Manufacturing PMI June 50.2 50.3 50.2
01:00 China Non-Manufacturing PMI June 53.2 53.8
01:30 Australia Building Permits, m/m May -5.2% 1% 2.4%
01:35 Japan Manufacturing PMI (Finally) June 50.9 49.9 50.1
01:45 China HSBC Manufacturing PMI (Finally) June 49.2 49.4

The euro slid on Wednesday morning after Greece had missed the deadline of its €1.6 billion debt payment to the IMF on Tuesday. However there's still some uncertainty as at the last moment Greece asked for an emergency repayment extension and the IMF said it would consider it in due course.
Today European finance ministers will meet to discuss Greek PM Alexis Tsipras' request for a new two-year loan to pay debts, which are slightly below €30 billion euros.

The Australian dollar advanced against the U.S. dollar after positive data from Australia and China. Today the Australian Bureau of Statistics reported that building permits rose by seasonally adjusted 2.4% in May after a 5.2% contraction in April. Meanwhile China Non-Manufacturing PMI rose to 53.8 in June from 53.2 reported previously. China is Australia's largest trading partner.

EUR/USD: the pair traded around $1.1125-45 this morning

USD/JPY: the pair traded around Y122.35-60

GBP/USD: the pair fell to $1.5675

The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
07:30 Switzerland Manufacturing PMI June 49.4 50.1
07:50 France Manufacturing PMI(Finally) June 49.4 50.5
07:55 Germany Manufacturing PMI(Finally) June 51.1 51.9
08:00 Eurozone Manufacturing PMI(Finally) June 52.2 52.5
08:30 United Kingdom Purchasing Manager Index Manufacturing June 52.0 52.5
09:00 Eurozone Eurogroup Meetings
09:30 United Kingdom BOE Financial Stability Report
09:30 United Kingdom BOE Gov Mark Carney Speaks
11:00 U.S. MBA Mortgage Applications June 1.6%
12:15 U.S. ADP Employment Report June 201 217
13:45 U.S. Manufacturing PMI(Finally) June 54.0 53.4
14:00 U.S. Construction Spending, m/m May 2.2% 0.6%
14:00 U.S. ISM Manufacturing June 52.8 53.1
14:30 U.S. Crude Oil Inventories June -4.934
20:45 U.S. Total Vehicle Sales, mln June 17.8 17.2

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