European session: the market continue consolidation.[E]

The next data issued:

07:45 IT PMI, June 57.5 56,6

07:50 FR PMI, June 56.1 56,1

07:55 DE PMI, June 59.5 58,5

08:00 EU PMI, June 57.7 57,0

08:30 UK CIPS manufacturing index, June 55.1 53,2

09:00 EU Unemployment, May 7.9% 8,0% 8,0%

EU session didn't bring much serious movements. Strong May data showing EU manufacturing rose to the highest for the last 6 years appeared obvious thus the market continued to consolidate near recently reached local tops versus USD. The NTC Economics Ltd. informed today the PMI index which estimates on a survey of nearly 3,000 managers on purchases of all twelve Eurozone countries, has grown up to 57.7 versus 57 in May.

EUR/USD trades in a range $1.2760/00. Further the rate got some support in area $1.2760 and climbed $1.2800 by the beginning of the American session. Bids pass $1.2760/40. Offers marked on $1.2815/25, stops

according to some information are below $1.2835.

GBP/USD reached session high on $1.8484 remained within the limits of $1.8440/60. Stronger than expected PMI didn't bring much optimism and now the rate trades in area $1.8445. Bids on $1.8430 and strengthen in

approach to $1.8400. Offers pass $1.8485/00.

USD/JPY has overcome intermediate resistance in area Y114.60/70 and reached Y114.90 before rebound to Y114.60. Offers placed on the approach to the last Friday top on Y115.20 and in the field of Y115.40. Bids are concentrated on Y114.10/00.

The main data for this day is going to be the ISM manufacturing report at 1400GMT (ISM manuf. диаграмма). The data lift to 55.0 against 54.4 in May is awaited. In case of strong data the USD can get an extra support on speculations US economy is still well shaped. Besides May data on construction expenses will be highlighted. Analysts predict growth on 0.3 % after prior month drop on 0.1 %.