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    03.07.2015 06:49 Foreign exchange market. Asian session: the euro little changed

     

    Economic calendar (GMT0):
    Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
    01:30 Australia Retail Sales, M/M May -0.1% 0.5% 0.3%
    01:45 China HSBC Services PMI June 53.5 51.8

    The euro holds steady before Sunday Greece's referendum. Volatility of the EUR/USD pair will grow in any case. If Greeks say "no" the situation will return to a starting point. If Greeks say "yes" the current government will probably have to leave and the new one will have to negotiate with lenders and their conditions might be different.

    It's worth to remember that a survey conducted June 28-30 and published in Efimerida ton Syntakton showed that 54% of Greeks intend to say 'no' to lenders' conditions and 33% plan to vote 'yes'.

    The Australian dollar fell after retail sales data missed expectations. Retail sales rose by 0.3% in May vs 0.5% expected. April reading was revised to -0.1% from 0%. Sales mostly improved in New South Wales, while sales in other areas were generally unchanged.

    EUR/USD: the pair traded around $1.1080-00 this morning


    USD/JPY: the pair traded around Y123.00


    GBP/USD: the pair traded around $1.5600-20


    The most important news that are expected (GMT0):
    (time / country / index / period / previous value / forecast)
    07:00 United Kingdom Halifax house price index June -0.1%
    07:00 United Kingdom Halifax house price index 3m Y/Y June 8.6%
    07:50 France Services PMI (Finally) June 52.8 54.1
    07:55 Germany Services PMI (Finally) June 53.0 54.2
    08:00 Eurozone Services PMI (Finally) June 53.8 54.4
    08:30 United Kingdom Purchasing Manager Index Services June 56.5 57.4
    09:00 Eurozone Retail Sales (YoY) May 2.2% 2.3%
    09:00 Eurozone Retail Sales (MoM) May 0.7% 0.1% 


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