Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
04:30 Japan Tertiary Industry Index April -0.5% Revised From -0.7% 0.7% 1.4%
06:00 Germany CPI, m/m (Finally) May -0.4% 0.3% 0.3%
06:00 Germany CPI, y/y (Finally) May -0.1% 0.1% 0.1%
06:45 France Industrial Production, m/m April -0.4% Revised From -0.3% 0.4% 1.2%
08:30 United Kingdom Consumer Inflation Expectations 1.8% 2%
The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The preliminary Thomson Reuters/University of Michigan consumer sentiment index is expected to decrease to 94.0 in June from 94.7 in May.
The euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone.
Destatis released its final consumer price data for Germany on Friday. German final consumer price index were up 0.3% in May, in line with the preliminary estimate, after a 0.4% fall in April.
On a yearly basis, German final consumer price index increased to 0.1% in May from -0.1% in April, in line with the preliminary estimate.
Energy prices dropped 7.9% year-on-year in May, while food prices were flat.
Consumer prices excluding energy increased 1.2% year-on-year in May.
The British pound traded lower against the U.S. dollar despite the positive economic data from the U.K. The Bank of England (BoE) released its quarterly survey on Friday. Consumer inflation expectations for the coming year in the UK rose to 2.0% in June from 1.8% in March.
Inflation expectations for coming two years in the U.K. increased to 2.2% in June from 2.1% in March.
The annual consumer price inflation in the U.K. was 0.3% in April, below the central bank's 2% target.
The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. climbed 2.5% in April, after a 3.6% drop in March.
The increase was mainly driven by rises in all new work and all repair and maintenance. All new work gained 2.9% in April, while all repair and maintenance rose 1.9%.
On a yearly basis, construction output decreased 3.7% in April, after a 4.5% fall in March.
The Canadian dollar traded lower against the U.S. dollar ahead of the release of the Canadian labour market data. Canada's new housing price index is expected to rise 0.2% in April, after a 0.2% gain in March. The unemployment rate in Canada is expected to remain unchanged at 7.1% in May.
Canada's economy is expected to add 3,800 jobs in May.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair declined to $1.4392
USD/JPY: the currency pair fell to Y106.67
The most important news that are expected (GMT0):
12:30 Canada Unemployment rate May 7.1% 7.1%
12:30 Canada Employment May -2.1 3.8
14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) June 94.7 94
18:00 U.S. Federal budget May 106 -60