• Foreign exchange market. Asian session: Japanese yen gained

Market news

26 June 2015

Foreign exchange market. Asian session: Japanese yen gained

Economic calendar (GMT0):

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

06:45 France Consumer confidence June 93 93 94

The euro is weighed by Greece's crisis as meetings, designed to reach a deal on the country's debt and financing, fail. Talks will continue on Saturday. Data by Bloomberg showed that the single currency has lost 5.1% over the past six months.

However the worst results were posted by the New Zealand dollar, which fell 8.7% and reached 68.93 U.S. cents on Tuesday (the lowest level since July 2010.

Japanese yen advanced against the dollar amid positive macroeconomic data. Japan core inflation rose by 0.1% in May after a flat reading in the previous month. This might intensify expectations that the Bank of Japan will not undertake new measure in the near future. The adjusted household spending index by the Statistics Bureau of Japan rose by 4.8% in May (the first rise in 14 months).The unemployment rate remained unchanged at 3.3% in May.

EUR/USD: the pair has fallen to $1.1180 this morning

USD/JPY: the pair fell to Y123.20

GBP/USD: the pair traded around $1.5730-50

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

08:00 Eurozone Private Loans, Y/Y May 0.0%

08:00 Eurozone M3 money supply, adjusted y/y May 5.3% 5.4%

09:00 Eurozone EU Economic Summit

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) June 90.7 94.6

14:15 United Kingdom BOE Gov Mark Carney Speaks

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