The critical situation of the U.S. dollar towards the end of the week, providing earnings reports that will be issued by leading American bankers and upcoming economic data on conflicting evidence about Fed policy.

Forefront of industrial production figures in the euro zone economic calendar is lacking to the data during European hours. Expectations production fell by 0.3% in May, the worst reading in four months. In this regard, the estimates are still the main driver of monetary policy to price movements of the euro, so it will shed any poor results weighed on the single currency through consolidation cautious attitude of the European Central Bank.
However, it is unlikely to be of great importance is given to those numbers as the attention the ever authority over the debate surrounding the monetary policy for the Fed. Accordingly, it is likely to lead data PPI Alomirkyinothagh the consumer from the University of Michigan to lead price movements significantly.
Is likely to accelerate wholesale inflation, the average annual eight-month high at 2.1%. In the meantime, it is likely that up confidence index from the University of Michigan to its highest level in six years. Strong reading would fueling bets on the Federal Reserve to reduce asset purchases. Will provide a similar scenario lifeline to the U.S. dollar after two days of heavy selling.
On the other hand, a table revenue, is expected to be published both JPMorgan Chase and Wells Fargo revenue results for the second semester. Traders will monitor closely this event in order to get details about the recent rise witnessed in bond yields in light of speculation surrounding the Fed's recourse to the reduction of quantitative easing.
Major currencies followed a sideways trend during the overnight session, as the lack of events allowed risky markets absorb oscillations recorded in the previous day. The New Zealand dollar, it has superiority in performance and has gained about 0.4% against its major counterparts.

Highlighted the main points of the Asian session
Greenwich Mean Time
Currency
Index
The actual reading
Expected
Previous reading
1:30
AUD
Home loans - Month (May)
1.8%
2.2%
1.2%
1:30
AUD
Investment loans - May
1.5%
-
0.9%
1:30
AUD
The value of loans - Month (May)
2.3%
-
-0.6%
3:00
NZD
Non-resident bondholders - June
68.2%
-
69.1%
4:30
JPY
Industrial production - Month (May)
1.9%
-
2.0%
4:30
JPY
Industrial Production - YoY (May)
-1.1%
-
-1.0%
4:30
JPY
Capacity utilization - Month (May)
2.3%
-
1.6%
Euro Session: What to Expect?
Greenwich Mean Time
Currency
Index
Expected / current
Previous reading
IMPACT
8:30
GBP
Construction Output - YoY (May)
-2.8%
-1.1%
Low
9:00
EUR
Industrial production in the euro zone - Month (May)
-0.3%
0.4%
Medium
9:00
EUR
Industrial production in the euro zone - YoY (May)
-1.3%
-0.6%
Medium
Major turning points
The pair
Support levels
Resistance levels
EURUSD
1.2971
1.3215
GBPUSD
1.5048
1.5271