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  • Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the better-than-expected economic data from the Eurozone
Market news
06.06.2016, 12:41

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the better-than-expected economic data from the Eurozone

Economic calendar (GMT0):

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

01:00 Australia MI Inflation Gauge, m/m 0.1% -0.2%

01:30 Australia ANZ Job Advertisements (MoM) May -0.6% Revised From -0.8% 2.4%

06:00 Germany Factory Orders s.a. (MoM) April 1.9% -0.5% -0,2%

08:30 Eurozone Sentix Investor Confidence June 6.2 7.1 9.9

The U.S. dollar traded mixed to lower against the most major currencies ahead of a speech by the Fed Chairwoman Janet Yellen. Market participants will monitor her speech for hints for further monetary policy steps.

Market participants continued to eye Friday's U.S. labour market data. The U.S. economy added 38,000 jobs in May, missing expectations for a rise of 164,000 jobs, after a gain of 123,000 jobs in April. It was the smallest rise since September 2010. April's figure was revised down from a rise of 160,000 jobs.

The U.S. unemployment rate dropped to 4.7% in May from 5.0% in April, beating expectations for a fall to 4.9%. It was the lowest level since November 2007. The decline was driven by a fact that people dropped out of the labour force.

The euro traded mixed against the U.S. dollar after the release of the better-than-expected economic data from the Eurozone. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 9.9 in June from 6.2 in May, exceeding expectations for an increase to 7.1. It was the highest level since December 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Investors' perception brightens with regards to both current situation and expectation values," Sentix said in its statement.

The current conditions index was up to 9.8 in June from 7.0 in May. The expectations index climbed to 10.0 in June from 5.5 in May.

German investor confidence index rose to 20.7 in June from 18.3 in May.

Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders fell 0.2% in April, beating expectations for a 0.5% decrease, after a 2.6% rise in March. March's figure was revised up from a 1.9% increase.

The decline was driven by a drop in foreign orders. Foreign orders dropped by 4.3% in April, while domestic orders rose by 1.3%.

The British pound traded mixed against the U.S. dollar in the absence of any major economic data from the U.K.

According to a YouGov poll for ITV on Monday, 45% of Britons support Britain's exit from the EU, while 41% would vote for "Remain". YouGov surveyed 3,405 people.

According to a TNS online poll, 43% of respondents would vote for "Leave", while 41% would vote for "Remain". 11% of respondents were undecided. 1,213 people were surveyed.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

14:00 U.S. Labor Market Conditions Index May -0.9

16:00 U.S. Fed Chairman Janet Yellen Speaks

23:30 Australia AiG Performance of Construction Index May 50.8

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