Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
06:00 Germany Gfk Consumer Confidence Survey July 10.2 10.2 10.1
08:00 Switzerland SNB Chairman Jordan Speaks
The U.S. dollar traded mixed against the most major currencies ahead of the final U.S. economic data. The personal consumer expenditures (PCE) price index excluding food and energy is expected to increase 0.1% in May, after a 0.1 rise in April.
Personal income in the U.S. is expected to rise 0.5% in May, after a 0.4% gain in April.
Personal spending in the U.S. is expected to gain 0.7% in May, after a flat reading in April.
The preliminary services purchasing managers' index is expected to climb to 56.7 in June from 56.2 in April.
The number of initial jobless claims in the U.S. is expected to increase by 5,000 to 272,000.
The euro traded mixed against the U.S. dollar on the uncertainty over the debt talks between Greece and its creditors. Yesterday's debt talks between Greece and its creditors ended without any results. Greece rejected on Wednesday a "counter proposal" from its international creditors, according a government source. There are still differences.
"Unfortunately we have not reached an agreement yet, but we are determined to continue work," the head of the Eurogroup Jeroen Dijsselbloem said.
Athens and its lenders failed to reach a deal on tax, pension reform and VAT.
Athens have to repay €1.6 billion IMF loans by June 30.
Meanwhile, the economic data from the Eurozone was soft. German Gfk consumer confidence index fell to 10.1 in July from 10.2 in June. Analysts had expected the index to remain unchanged at 10.2.
The decrease was driven by declines in economic expectations and the willingness to buy. The previously unsuccessful attempts to find a solution to the debt crisis in Greece and a possible Greek default also weighed on the index.
The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K.
The Swiss franc dropped against the U.S. dollar after comments by the Swiss National Bank President Thomas Jordan. He said that the Swiss franc is overvalued.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair increased to $1.5731
USD/JPY: the currency pair fell to Y123.31
The most important news that are expected (GMT0):
12:30 U.S. Initial Jobless Claims June 267 272
12:30 U.S. Personal Income, m/m May 0.4% 0.5%
12:30 U.S. Personal spending May 0.0% 0.7%
12:30 U.S. PCE price index ex food, energy, m/m May 0.1% 0.1%
12:30 U.S. PCE price index ex food, energy, Y/Y May 1.2% 0.8%
13:45 U.S. Services PMI (Preliminary) June 56.2 56.7
13:45 U.S. FOMC Member Jerome Powell Speaks
16:10 Canada BOC Deputy Governor Lawrence Schembri Speaks
22:45 New Zealand Trade Balance, mln May 123 -100
23:30 Japan Unemployment Rate May 3.3% 3.3%
23:30 Japan Household spending Y/Y May -1.3% 3.4%
23:30 Japan Tokyo Consumer Price Index, y/y June 0.5%
23:30 Japan Tokyo CPI ex Fresh Food, y/y June 0.2% 0.1%
23:30 Japan National Consumer Price Index, y/y May 0.6%
23:30 Japan National CPI Ex-Fresh Food, y/y May 0.3% 0.0%