Forex.ee: Daily economic news digest

Daily economic digest from Forex.ee
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Tuesday, June 30^th

^{EUR/USD reversed plunging 0.4% during the Asian session. After the collapse of Greek negotiations the attention of the market is now turned to the July 5 referendum. Greek Prime Minister Alexis Tsipras reported he might resign if Greek people vote in favor of the creditors’ proposal. The pair is traded at 1.1166.}

^{AUD/USD was rising this morning despite weaker data. HIA New Home Sales fell 2.3% in May, which was a sharp fall from 0.6% gain in the previous month. The aussie is quoted at 0.7683 against the greenback with support and resistance levels located at 0.7595 and 0.7779, respectively.}

^{USD/JPY continued the bearish trend after rising above 123.00 level yesterday afternoon. The Japanese data on Housing Starts came out in line with expectations, while construction orders declined 7.4% after last month’s -12.1%. The pair is located at 122.21.}

^{GBP/USD fell below 1.57 amid strengthening of the dollar this morning, but cable erased losses rising back to 1.5710. The markets are viewing the British GDP later in the day. The pair is likely to find support near 1.5622 and strong resistance at 1.5826.}

^{NZD/USD was moving down in Asia, which shows the continuous weakening of the Kiwi. The pair dipped to 0.6794 subsequently consolidating at 0.6808.  In New Zealand, building consents came in flat and ANZ Business Confidence reading was -2.3%.}

^{Ahead in the day, investors are viewing euro zone’s CPI, Canadian GDP and Conference Board Consumer Confidence report from the U.S.}

Your European ECN-broker,

Forex.ee