CFD Markets News and Forecasts — 13-06-2016

(index / closing price / change items /% change)

Nikkei 225 16,019.18 -582.18 -3.51 %

Hang Seng 20,512.99 -529.65 -2.52 %

Shanghai Composite 2,832.51 -94.65 -3.23 %

FTSE 100 6,044.97 -70.79 -1.16 %

CAC 40 4,227.02 -79.70 -1.85 %

Xetra DAX 9,657.44 -177.18 -1.80 %

S&P 500 2,079.06 -17.01 -0.81 %

NASDAQ Composite 4,848.44 -46.11 -0.94 %

Dow Jones 17,732.48 -132.86 -0.74 %

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1287 +0,32%

GBP/USD $1,4213 -0,26%

USD/CHF Chf0,9639 -0,07%

USD/JPY Y106,11 -0,79%

EUR/JPY Y119,78 -0,49%

GBP/JPY Y150,8 -1,11%

AUD/USD $0,7383 +0,12%

NZD/USD $0,7051 -0,03%

USD/CAD C$1,2824 +0,37%

(time / country / index / period / previous value / forecast)

01:00 Australia Consumer Inflation Expectation June 3.2%

01:30 Australia National Australia Bank's Business Confidence May 5

04:30 Japan Industrial Production (MoM) (Finally) April 3.8% 0.3%

04:30 Japan Industrial Production (YoY) (Finally) April 0.2% -3.5%

07:15 Switzerland Producer & Import Prices, m/m May 0.3%

07:15 Switzerland Producer & Import Prices, y/y May -2.4%

08:30 United Kingdom Producer Price Index - Output (MoM) May 0.4% 0.4%

08:30 United Kingdom Producer Price Index - Output (YoY) May -0.7% -0.4%

08:30 United Kingdom Producer Price Index - Input (MoM) May 0.9% 0.9%

08:30 United Kingdom Producer Price Index - Input (YoY) May -6.5% -5%

08:30 United Kingdom Retail Price Index, m/m May 0.1% 0.3%

08:30 United Kingdom Retail prices, Y/Y May 1.3% 1.4%

08:30 United Kingdom HICP, m/m May 0.1% 0.3%

08:30 United Kingdom HICP, Y/Y May 0.3% 0.4%

08:30 United Kingdom HICP ex EFAT, Y/Y May 1.2% 1.3%

09:00 Eurozone Industrial production, (MoM) April -0.8% 0.7%

09:00 Eurozone Industrial Production (YoY) April 0.2% 1.3%

09:00 Eurozone Employment Change Quarter I 0.3%

12:30 U.S. Retail sales May 1.3% 0.3%

12:30 U.S. Retail Sales YoY May 3%

12:30 U.S. Retail sales excluding auto May 0.8% 0.4%

12:30 U.S. Import Price Index May 0.3% 0.8%

14:00 U.S. Business inventories April 0.4% 0.2%

22:45 New Zealand Current Account Quarter I -2.61

U.S. stocks dropped, with the S&P 500 Index falling to a three-week low, as investors wavered amid a pair of coming central-bank events and Britain's vote on European Union membership that have sowed anxiety.

Equities swung between gains and losses before a retreat accelerated as European stocks closed at their lowest in almost four months. A measure of volatility posted the biggest two-day jump since a selloff last August. Raw-material, industrial and technology shares fell the most, losing more than 1.1 percent. LinkedIn Corp. soared 47 percent after Microsoft Corp. said it's buying the company in a deal valued at $26.2 billion. Microsoft sank 2.6 percent.

The S&P 500 fell 0.8 percent to 2,079.14 at 4 p.m. in New York, marking the longest losing streak in a month and the worst three days of losses since Feb. 9.

As evidence of increasing worry, the CBOE Volatility Index surged more than 20 percent Monday, the most since December and the biggest back-to-back jump since Aug. 24, the day last summer's swoon bottomed. A preference for safety was also apparent today as U.S. Treasuries extended a rally to a fifth day, the longest since February.

Recent declines have signaled a shift in sentiment after as much as $3.3 trillion was added to equities since mid-February. Investors are reassessing the rally amid lackluster economic growth and concerns about the potential fallout from a June 23 referendum that will determine Britain's membership in the European Union.

Also keeping investors on edge is the Federal Reserve's monetary policy review on Wednesday, despite no change predicted for interest rates. Based on Fed funds futures prices, traders don't see at least even odds for a rate increase before February. The Bank of Japan also has a policy meeting scheduled this week.

Major U.S. stock-indexes little changed on Monday, a day before the Federal Reserve commences its policy meeting. The U.S. Federal Reserve Open Market Committee (FOMC) will meet on Tuesday and Wednesday to decide when to raise interest rates for the second time in nearly a decade.

Most all of Dow stocks in negative area (23 of 30). Top looser - Microsoft Corporation (MSFT, -2,88%). Top gainer - Exxon Mobil Corporation (XOM, +0,91%).

All S&P sectors in negative area. Top looser - Conglomerates (-1,0%).

At the moment:

Dow 17720.00 -56.00 -0.32%

S&P 500 2079.25 -8.00 -0.38%

Nasdaq 100 4427.25 -30.75 -0.69%

Oil 48.83 -0.24 -0.49%

Gold 1286.40 +10.50 +0.82%

U.S. 10yr 1.61 -0.03

Stock closed lower on uncertainty over Britain's membership in the European Union (EU). According to the ORB poll for The Independent on Friday, 55% of respondents would support Britain's exit from the EU, while 45% of respondents would vote for the campaign "Remain". ORB surveyed 2,000 people.

The European Central Bank (ECB) Governing Council member Jens Weidmann said on Monday that there was no need for more stimulus measures, adding that the current stimulus measures needed more time to take effect.

"The current monetary environment requires no further easing," he said.

Weidmann noted that the ECB's quantitative easing was appropriate as inflation was low. But he pointed out that the risks and side effects of the stimulus measures would rise over time.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,044.97 -70.79 -1.16 %

DAX 9,657.44 -177.18 -1.80 %

CAC 40 4,227.02 -79.70 -1.85 %

Polish equity market closed lower on Monday. The broad market measure, the WIG index, lost 0.51%. Except for banking sector (+0.26%), oil and gas (+0.19%) and materials (+0.06%), every sector in the WIG Index declined, with food sector (-3.02%) lagging behind.

The large-cap benchmark, the WIG30 Index, fell by 0.34%. Within the index components, agricultural producer KERNEL (WSE: KER) was the worst-performing name, tumbling by 4.88%. The other notable losers were chemical producer GRUPA AZOTY (WSE: ATT), bank ALIOR (WSE: ALR) and property developer GTC (WSE: GTC), which plunged by 3.75%, 2.86% and 2.62% respectively. On the other side of the ledger, bank MBANK (WSE: MBK), coking coal miner JSW (WSE: JSW) and footwear retailer CCC (WSE: CCC) topped the advancers list, gaining 2.79%, 2.64% and 2.27% respectively.

Oil futures wavered between losses and gains on Monday, as a second-straight weekly rise in the U.S. oil-rig count pointed to a possible uptick in production.

Recently weak economic data and the coming Brexit vote in the U.K. and Federal Reserve meeting on monetary policy also raised concerns about a potential slowdown in crude demand, but a decline in the U.S. dollar offered some support for dollar-denominated oil prices.

Baker Hughes Inc. said late Friday the number of rigs drilling for oil in the U.S. rose by three in the week ended June 10, the second straight weekly increase.

"While the actual increase is minuscule compared to the 1,000+ rigs that have come offline in the past 18 months, it allows for speculation about the stabilization of U.S. crude production and the potential rebound," said Daniel Holder, commodity analyst at Schneider Electric. "The market since Thursday has taken this speculation as bearish, since the oversupplied global market will take longer to rebalance if U.S. shale production returns."

The U.S. Energy Information Administration will release its monthly update on U.S. shale output later Monday. Last month, it forecast a decline of 113,000 barrels a day to about 4.8 million barrels a day in June.

"There signs that U.S. oil producers are beginning to drill for crude again now that prices have recovered to around $50 a barrel," said Fawad Razaqzada, chief technical analyst at Forex.com and City Index, referring to the latest rig-count data.

"This is something that we have repeatedly warned about in recent weeks as oil prices surged higher," he said in a note Monday. "Although the oil rally could still go north of $60 and reach even $70, this serves as a reminder that the global supply glut is unlikely to be eradicated completely any time soon."

Oil prices have also suffered on the back of "risk aversion," said Razaqzada.

He said that investors are "spooked about the prospects of a U.K. exit from the [European Union], the economic impact of a potential U.S. rate rise this summer, and renewed demand concerns out of China."

The Fed will issue a statement on monetary policy on Wednesday. The U.K., meanwhile, will hold a Brexit vote on June 23.

Analysts say given the lackluster U.S. jobs report last month, central bankers will likely keep interest rates where they are. The weaker-than-expected jobs data also raised worries that demand will weaken.

Changes in the interest rates have an impact on the U.S. dollar, and thus also on dollar-denominated commodities such as oil. On Monday, the ICE U.S. Dollar Index inched lower, providing support for oil.

On the New York Mercantile Exchange, July West Texas Intermediate crude edged up by 2 cents to $49.09 a barrel following a gain of roughly 0.9% last week.

August Brent crude fell 3 cents to trade at $50.57 a barrel on London's ICE Futures exchange, after briefly falling below $50 a barrel for the first time in a week.

The Conference Board (CB) released its leading economic index for the U.K. on Monday. The leading economic index (LEI) was flat in April, after a flat reading in March.

The coincident index rose 0.3% in April, after a 0.1% decline in March.

Gold prices on Monday hit levels not seen in weeks, as investors sought safety in the precious metal, prompted by nervousness around the Brexit referendum and a pair of high-profile central bank meetings.

Prices rose as investors piled into the yen, with the dollar USDJPY, -0.57% off about 1% against the Japanese currency. A stronger dollar makes assets pegged to the greenback, such as gold, less attractive to buyers purchasing with other monetary units.

Worries that a U.K. referendum in European Union membership, set for June 23, will result in a British exit from the bloc were churning afresh on Monday. Stocks in Europe SXXP, -1.29% dropped to two-month lows. In Asia, the sea of red was led by a 3.5% drop for the Nikkei 225 index NIK, -3.51%

The Federal Open Market Committee and Bank of Japan both meet this week, though the Federal Reserve isn't expected to announce any change in key policy in its statement Wednesday.

Analysts at Commerzbank said in a note to clients on Monday that gold has "recouped all of the losses it had suffered following the publication of the minutes of the last meeting of the U.S. Federal Reserve." The analysts said a further decline in government bond yields is also helping support gold.

Gold for August delivery rose $11, or 0.9%, to $1,286.90 an ounce, on the heels of booking its second-weekly gain in a row last week.

The Organization of the Petroleum Exporting Countries (OPEC) released its monthly report on Monday. OPEC's output declined by 100,000 barrels per day (bpd) to 32.36 million bpd in May, according to the report. The decline was driven by lower output from Nigeria, Venezuela and Iraq.

Supply from non-OPEC members is expected to fall by 740,000 bpd in 2016 compared to the last year, while the U.S. oil output is expected to decline by 420,000 bpd.

Global oil demand is expected to climb by 1.20 million bpd in 2016, unchanged from April, OPEC noted.

OPEC noted that the oil market would rebalance by the end of the year.

"The expected improvement in global economic conditions should result in a more balanced oil market toward the end of the year," OPEC said.

Fitch Ratings has affirmed UK's sovereign debt rating at 'AA+' on Friday. The outlook is stable.

"The UK's ratings benefit from a high-income, diversified and flexible economy. The credible macroeconomic policy framework and sterling's international reserve currency status further support the ratings," Fitch said in its statement.

The agency noted that it believed Britain's exit from the European Union (EU) would have only a moderate negative on the UK's outlook.

The agency expects the French economy to expand 1.9% in 2016 and 2.0% in 2017.

The European Central Bank (ECB) purchased €17.73 billion of government and agency bonds under its quantitative-easing program last week.

The ECB bought €1.49 billion of covered bonds, and €131 million of asset-backed securities.

The central bank purchased €348 million of corporate bonds on June 08.

The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion.

Thursday's session on Wall Street was a warning that being close by the S&P500 to the all time record level causes market uncertainty. Friday brought no response, but the market reaction indicates that the majority does not share the belief in the possibility of overcome the 2,134 points. Today and tomorrow we should, however, expect some form of sedation that will be associated with the anticipation of the Wednesday's FOMC statement.

Poor posture of European markets, decline on Wall Street and the weakening of the zloty, it is not a blend, on which investors may build growth, but the daily chart of the WIG20 constantly indicates that at current levels we may see the balance between supply and demand. Technical context favors bulls. Support being in the region of 1,750 points could provoke market to rebound.

EURUSD 1.1200 (EUR 1.5bln) 1.1280 (203m) 1.1300-15 (531m)

USDJPY 106.00 (USD 280m) 106.70 (280m) 107.90 (650m)

GBPUSD 1.4300 (GBP 213m)

EURGBP 0.7760 (EUR 444m) 0.7800 (360m) 0.7900 (435m)

AUDUSD 0.7360 (AUD 249m) 0.7500 (685m)

USDCAD 1.2800 (USD 674m) 1.2850 (225m)

EURJPY 120.00 (EUR 232m) 122.00 (281m) 123.00 (410m)

U.S. stock-index futures fell.

Global Stocks:

Nikkei 16,019.18 -582.18 -3.51%

Hang Seng 20,512.99 -529.65 -2.52%

Shanghai Composite 2,832.51 -94.65 -3.23%

FTSE 6,064.31 -51.45 -0.84%

CAC 4,241.93 -64.79 -1.50%

DAX 9,692.61 -142.01 -1.44%

Crude $48.46 (-1.24%)

Gold $1289.10 (+1.03%)

Fitch Ratings has affirmed France's sovereign debt rating at 'AA' on Friday. The outlook is stable.

"France's ratings balance a wealthy and diversified economy, track record of relative macro-financial stability, strong and effective civil and social institutions with a high general government debt/GDP ratio and fiscal deficit," Fitch said in its statement.

The agency expects the French economy to expand 1.4% in 2016 and 2017.

Fitch expects France's government deficit to decline to 3.3% of GDP in 2016 and 2.9% in 2017 from 3.6% in 2015.

(company / ticker / price / change ($/%) / volume)

Fitch Ratings has affirmed Japan's sovereign debt rating at 'A' on Monday. The outlook has been lowered to negative from stable.

The downgrade was driven by the delay of the scheduled consumption tax rise.

"The Outlook revision primarily reflects Fitch's decreased confidence in the Japanese authorities' commitment to fiscal consolidation," Fitch said.

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

02:00 China Retail Sales y/y May 10.1% 10.1% 10.0%

02:00 China Fixed Asset Investment May 10.5% 10.5% 9.6%

02:00 China Industrial Production y/y May 6.0% 5.9% 6.0%

07:00 Eurozone ECB's Jens Weidmann Speaks

The U.S. dollar traded mixed against the most major currencies in the absence of any major economic report from the U.S.

The euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone.

The European Central Bank (ECB) Governing Council member Jens Weidmann said on Monday that there was no need for more stimulus measures, adding that the current stimulus measures needed more time to take effect.

"The current monetary environment requires no further easing," he said.

Weidmann noted that the ECB's quantitative easing was appropriate as inflation was low. But he pointed out that the risks and side effects of the stimulus measures would rise over time.

The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.

Uncertainty over Britain's membership in the European Union (EU) weighed on the currency pair. According to the ORB poll for The Independent on Friday, 55% of respondents would support Britain's exit from the EU, while 45% of respondents would vote for the campaign "Remain". ORB surveyed 2,000 people.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair traded mixed

EUR/USD

Offers 1.1280 1.1300 1.1320 1.1355-60 1.1400 1.1420 1.1450

Bids 1.1230 1.1200 1.1185 1.1165 1.1150 1.1135 1.1100

GBP/USD

Offers 1.4200 1.4220-25 1.4250 1.4280 1.4300 1.4320 1.4355-60 1.4385 1.4400

Bids 1.4150 1.4130-35 1.4100 1.4085 1.4065 1.4050 1.4025-30 1.4000

EUR/GBP

Offers 0.7950-55 0.7980 0.8000 0.8020-25 0.8050

Bids 0.7920 0.7900 0.7885 0.7865 0.7850 0.7820 0.7800

EUR/JPY

Offers 119.75 120.00 120.30-35 120.80 121.00 121.20 121.50 122.00

Bids 119.20 119.00 118.50 118.00

USD/JPY

Offers 106.20-25 106.50 106.85 107.00 107.20 107.50 107.80 108.00 108.30 108.50

Bids 105.70-75 105.50 105.00 104.70 104.50 104.00

AUD/USD

Offers 0.7400 0.7420-25 0.7450 0.7485 0.7500-05 0.7520 0.7550

Bids 0.7365-70 0.7350 0.7320 0.7300 0.7285 0.7270 0.7250

At the beginning of the morning part of the quotations on the Warsaw parquet appeared to be quite a familiar image, means, after the low opening the demand side had trouble with the departure from this level. In such situations, time works to the disadvantage of the demand side, that is, the longer fails to initiate the approach, the more grow the chances of developing repricing. The market could not stand the pressure and after the mWIG and the sWIG reached new levels of intraday minima the WIG20 joined this group too. Among the components of the WIG20 index on a particularly negative mention deserves PZU, where the decline has exceeded 3.5% and this stocks are also the leader of turnover.

Over the time, the level of activity steadily decreased, and in mid-session the WIG20 index was at the level of 1,770 points (-0,64%) and with the turnover a bit less than PLN 150 mln.

Stock indices traded lower on uncertainty over Britain's membership in the European Union (EU). According to the ORB poll for The Independent on Friday, 55% of respondents would support Britain's exit from the EU, while 45% of respondents would vote for the campaign "Remain". ORB surveyed 2,000 people.

The European Central Bank (ECB) Governing Council member Jens Weidmann said on Monday that there was no need for more stimulus measures, adding that the current stimulus measures needed more time to take effect.

"The current monetary environment requires no further easing," he said.

Weidmann noted that the ECB's quantitative easing was appropriate as inflation was low. But he pointed out that the risks and side effects of the stimulus measures would rise over time.

Current figures:

Name Price Change Change %

FTSE 100 6,084.01 -31.75 -0.52 %

DAX 9,708.32 -126.30 -1.28 %

CAC 40 4,244.94 -61.78 -1.43 %

The European Central Bank (ECB) Governing Council member Jens Weidmann said on Monday that there was no need for more stimulus measures, adding that the current stimulus measures needed more time to take effect.

"The current monetary environment requires no further easing," he said.

Weidmann noted that the ECB's quantitative easing was appropriate as inflation was low. But he pointed out that the risks and side effects of the stimulus measures would rise over time.

China's Ministry of Commerce released its foreign direct investment (FDI) data on Monday. Foreign direct investment inflows in China fell to $8.89 billion in May, down 1.0% from a year earlier. It was the first fall since December 2015.

FDI climbed 3.8% year-over-year to $54.19 billion in the January-May period.

Investment in the manufacturing sector slid 3.2% the January-May period, while foreign investment in the services sector climbed 7% in the January-May period.

Japan's Ministry of Finance and the Cabinet Office released its quarterly survey on late Sunday evening. The business survey index (BSI) of manufacturers' sentiment dropped to -11.1 in the second quarter from -7.9 in first quarter.

The BSI for manufacturers in the third quarter of 2016 is expected to rise to 7.0.

The Organization for Economic Cooperation and Development (OECD) said on Friday that the European Central Bank (ECB) should keep its quantitative easing over the coming two years.

"In fact, explicitly accepting that inflation could go beyond 2% over the next two years without triggering a tightening of monetary policy could make monetary policy more effective at influencing expectations, which is crucial when interest rates are at the zero lower bound," OECD said.

According to the ORB poll for The Independent on Friday, 55% of respondents would support Britain's exit from the EU, while 45% of respondents would vote for the campaign "Remain".

ORB surveyed 2,000 people.

The oil driller Baker Hughes reported on Friday that the number of active U.S. oil rigs rose by 3 to 328 last week. It was the second consecutive rise.

The number of gas rigs increased by 3 to 85.

Combined oil and gas rigs climbed by 6 to 414.

EUR/USD 1.1200 (EUR 1.5bln) 1.1280 (203m) 1.1300-15 (531m)

USD/JPY 106.00 (USD 280m) 106.70 (280m) 107.90 (650m)

GBP/USD 1.4300 (GBP 213m)

EUR/GBP 0.7760 (EUR 444m) 0.7800 (360m) 0.7900 (435m)

AUD/USD 0.7360 (AUD 249m) 0.7500 (685m)

USD/CAD 1.2800 (USD 674m) 1.2850 (225m)

EUR/JPY 120.00 (EUR 232m) 122.00 (281m) 123.00 (410m)

The National Bureau of Statistics said on Monday that China's industrial production increased 6.0% year-on-year in May, exceeding expectations for a 5.9% rise, after a 6.0% gain in April.

On a monthly base, the country's industrial production was up 0.45% in May, after a 0.47% rise in April.

Fixed-asset investment in China climbed 9.6% year-on-year in the January - May period, missing forecasts for a 10.5% growth, after a 10.5% rise in the January - April period.

Retail sales in China increased 10.0% year-on-year in May, missing expectations for a 10.1% gain, after a 10.1% rise in April.

On a monthly base, retail sales increased 0.76% in May, after a 0.80% gain in April.

After weak Friday's session on the markets and today's continuation of these moods during the Asian session, futures on the WIG20 (WSE: FW20M16) began a new week of decline of approx. 0.8%.

WIG20 index opened at 1770.85 points (-0.63%)*

WIG 44965.76 -0.84%

WIG30 1969.80 -0.95%

mWIG40 3472.42 -0.72%

*/ - change to previous close

In the first seconds of trading prevails, of course, solid red, as was already indicated by the futures market already. The advantage of this situation is at least that the initial deviation activates some turnover among the WIG20 components, where it was customary origins of Monday's session were very lazy. The leaders of trading are KGH, PZU, PKO and PGE. This means that we slowly begin to have at hand the minima from the beginning of June and, in theory, demand should try a little more actively defend them.

Friday's session on Wall Street ended with no surprises. The US market fell in the first minutes of the session and till the end of the day there was no new content. Reasons for the decline in US stock prices were largely the same as in Europe. The decline in profitability of debt and capital flight to "safe havens", rising of the dollar and falling of oil prices.

Currently we see decline in trading of futures on the S&P500, which will have it's significance for openings in Europe. We constantly see the pressure on the currency market, where overestimated are EURUSD and USDJPY pairs - classical behavior when the stock markets appear aversion to the risk. Asian markets show a clear decline, the Nikkei index is currently falling more than 3 percent.

The price of oil also drops , but important for the WIG20 and KGHM, the price of copper recorded strong growth, associated with the defense of the contracts the psychological barrier of 200 US cents per pound. All of the morning mixture is declining and this should translate into the red beginning of the day in Europe.

The dollar extended its losses against the yen on Monday, falling over 1 percent to levels not seen since early May as investors bought the perceived safe-haven Japanese currency amid Brexit fears that have driven a broad rise in risk aversion.

While the Federal Reserve is seen leaving interest rates unchanged on Wednesday, its post-meeting statement will be scrutinized for signals regarding the timing of the next hike in borrowing costs. Most economists expect the Bank of Japan to expand record monetary stimulus in July rather than on June 16.

Chinese data released Monday added to evidence that the world's second-largest economy is stabilizing. Industrial production rose 6 percent from a year earlier in May, matching economists' estimates, and retail sales climbed 10 percent.

The pound dropped as much as 0.7 percent to $1.4159. It slumped 1.4 percent on Friday after an Orb/Independent newspaper poll showed 55 percent support for the "Leave" campaign, and 45 percent for "Remain." Surveys at the weekend were less stark, with an online poll by Opinium for the Observer newspaper showing 44 percent support for Britain staying in the EU and 42 percent against. Hedge funds and other large speculators are betting on sterling futures weakness by the most since June 2013, a report from the Commodity Futures Trading Commission showed.

The yen strengthened versus all 16 major peers. The BOJ should expand monetary stimulus as soon as this week by boosting bond purchases rather than pushing interest rates further into negative territory, Nobuyuki Nakahara, an influential adviser to Prime Minister Shinzo Abe, said in an interview on Friday.

Financial markets are shut for holidays in Australia and Russia.

EUR / USD: during the Asian session, the pair was trading in the $ 1.1230-55

GBP / USD: during the Asian session, the pair is trading in the range of $ 1.4155-1.4230

USD / JPY: on Asian session the pair fell to Y105.80

Based on Reuters materials

EUR/USD

Resistance levels (open interest**, contracts)

$1.1441 (1984)

$1.1407 (706)

$1.1370 (71)

Price at time of writing this review: $1.1250

Support levels (open interest**, contracts):

$1.1187 (893)

$1.1163 (1712)

$1.1136 (2334)

Comments:

- Overall open interest on the CALL options with the expiration date July, 8 is 36195 contracts, with the maximum number of contracts with strike price $1,1500 (5336);

- Overall open interest on the PUT options with the expiration date July, 8 is 68914 contracts, with the maximum number of contracts with strike price $1,0900 (12887);

- The ratio of PUT/CALL was 1.90 versus 1.83 from the previous trading day according to data from June, 10

GBP/USD

Resistance levels (open interest**, contracts)

$1.4532 (712)

$1.4438 (387)

$1.4344 (128)

Price at time of writing this review: $1.4188

Support levels (open interest**, contracts):

$1.4157 (452)

$1.4061 (3274)

$1.3965 (1010)

Comments:

- Overall open interest on the CALL options with the expiration date July, 8 is 16424 contracts, with the maximum number of contracts with strike price $1,5000 (2216);

- Overall open interest on the PUT options with the expiration date July, 8 is 33873 contracts, with the maximum number of contracts with strike price $1,4100 (3272);

- The ratio of PUT/CALL was 2.06 versus 2.09 from the previous trading day according to data from June, 10

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

European stocks sold off Friday, hobbled by sharp declines in bank and commodity shares, while investors flocked to the fixed-income market.

Bank stocks were under pressure as concerns about the industry's profitability returned to the fore. Bond yields hitting record lows world-wide highlighted those concerns On Wednesday, the European Central Bank started purchasing corporate bonds, although bank bonds are excluded from the program.

U.S. stocks closed lower Friday, with only blue chips holding onto slight gains for the week, as anxiety over a possible exit of the U.K. from the European Union and a drop in oil prices weighed on markets. The Dow Jones Industrial Average DJIA, -0.67% fell 119.85 points, or 0.7%, to close at 17,865.34, for a weekly gain of 0.3%. The S&P 500 Index SPX, -0.92% declined 19.41 points, or 0.9%, to finish at 2,096.07, for a loss of 0.2% on the week. The Nasdaq Composite Index COMP, -1.29% dropped 64.07 points, or 1.3%, to close at 4,894.55, for a weekly loss of 1%. Oil futures CLN6, -1.32% slipped back below $50 a barrel, settling down 3% at $49.07.

June 13 Japanese stocks stumbled to a five-week low on Monday as Brexit woes sapped risk appetite and hit equities globally.

Continuing strength in the safe-haven yen, which advanced to a one-month high versus the dollar and reached a three-year peak against the euro, added further pressure on Tokyo equities.

Global risk assets have taken a beating on growing concerns a referendum next week could push Britain out of the European Union and hurt the global economy.

Volatility is expected to remain high with the Federal Reserve and Bank of Japan holding policy meetings later this week.

Exporters suffered losses on the appreciating yen.

Panasonic Corp fell 4.4 percent, Toshiba Corp lost 5.4 percent, and Advantest Corp dropped 3.4 percent. Toyota Motor Corp and Nissan Motor Co Ltd each shed 3.2 percent.