Forex.ee: Daily economic digest

Daily economic digest from Forex.ee
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Monday, June 15^th

^{EUR/USD was down to 1.1212 this morning, opening the session with a small gap. Greece remains ready for negotiations with its international creditors; however the bail-out team blamed European lenders for insisting on pension cuts and raising value-added-tax. The pair’s support level is located at 1.1152 and resistance at 1.1354. Ahead in the day, the markets will be watching the report on euro zone’s trade balance, Italian CPI and the speech of ECB President M.Draghi.}

^{The U.S. dollar index, which measures the dollar’s strength against the basket of major currencies, was up 0.17% at 95.40. However, the dollar ended lower last week, as FED did not give any indications on interest rate hike timing. Friday’s data showed that consumer confidence improved in the U.S. over earlier improvement in the labor market, which pushed the expectations for wage gains.}

^{NZD/USD and AUD/USD are moving down quoted 0.6980 and 0.7726 respectively.}

^{USD/JPY was on a slight correction going up over dollar’s strengthening. The pair is trading at 123.47 with support at 122.91 and resistance at 124.23.}

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