Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
05:00 Japan BoJ monthly economic report
The euro has slightly gained against the dollar amid encouraging news from Greece. Sources reported that Athens prepared a new package of reforms, which will be discussed when euro zone leaders hold an emergency meeting today. Currently debt talks are in a dead lock, although Greece has less than two weeks to pay a large sum to the International Monetary Fund.
Economists expect that surveys of consumers and companies, which are to be published next week, will reflect concerns about a probable default in Greece. Analysts surveyed by Wall Street Journal expect to see that consumer confidence declined in the euro zone in June.
The U.S. dollar declined against the yen and the sterling as the latest Fed meeting suggested that the central bank is being careful about raising rates. Such conditions keep the dollar under pressure.
EUR/USD: the pair has traded above $1.1380 this morning
USD/JPY: the pair retreated to Y122.55
GBP/USD: the pair advanced to $1.5900
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
07:45 United Kingdom BOE Deputy Governor for Financial Stability Jon Cunliffe speaks
10:30 Eurozone Eurogroup Meetings
14:00 Eurozone Consumer Confidence (Preliminary) June -5.5 -5.8
14:00 U.S. Existing Home Sales May 5.04 5.26
17:00 Eurozone Euro Summit