Foreign exchange market. European session: the British pound declined against the U.S. dollar despite the better-than-expected retail sales data from the U.K.

Economic calendar (GMT0):

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

00:30 Australia National Australia Bank's Business Confidence December 1 4 2

02:00 China Leading Index December 0.9% 1.1%

09:30 United Kingdom BBA Mortgage Approvals December 36.7 35.7

09:30 United Kingdom GDP, q/q (Preliminary) Quarter IV +0.7% +0.6% +0.5%

09:30 United Kingdom GDP, y/y (Preliminary) Quarter IV +2.6% +2.8% +2.7%

10:00 Eurozone ECOFIN Meetings

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The U.S. durable goods orders are expected to increase 0.5% in December, after a 0.9% drop in November.

The U.S. durable goods orders excluding transportation are expected to rise 0.5% in December, after a 0.7% fall in November.

The U.S. consumer confidence is expected to climbs to 94.4 in January from 92.6 from December.

New home sales in the U.S. are expected to rise to 450,000 units in December from 438,000 units in November.

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

Investors remained cautious amid concerns over Greece's future policy. Syriza party won the country's parliament elections on Sunday. The party has pledged to renegotiate the terms of the country's €240 billion euro financial bailout and to reverse many of the austerity measures.

The British pound increased against the U.S. dollar despite the weaker-than-expected economic data from the U.K. The U.K. gross domestic product (GDP) climbed 0.5% in the fourth quarter, missing expectations for a 0.6% gain, after a 0.7% rise in the third quarter.

On a yearly basis, the U.K. GDP increased 2.7% in the fourth quarter, missing forecasts of a 2.8 rise, after a 2.6% gain in the third quarter.

The number of mortgage approvals decreased to 35,700 in December from 36,700 in November, the lowest reading since April 2013.

The Swiss franc traded higher against the U.S. dollar, recovering its losses. The Swiss franc fell on speculation that the Swiss National Bank (SNB) was intervening in the market. The Swiss National Bank (SNB) Vice President Jean-Pierre Danthine said in an interview with the Tages-Anzeiger newspaper published on Tuesday that the central bank is prepared to intervene in markets.

The Swiss National Bank's (SNB) monetary policy data for the week ending 23 January 2015 released on Monday showed that the amount of cash commercial banks hold with the SNB rose last week. Data indicates that the central bank may have intervened after discontinuing the 1.20 per euro exchange rate floor on January 15th.

The SNB declined to comment.

EUR/USD: the currency pair rose to $1.1345

GBP/USD: the currency pair increased to $1.5133

USD/JPY: the currency pair fell to $117.68

The most important news that are expected (GMT0):

13:30 U.S. Durable Goods Orders December -0.9% Revised From -0.7% +0.5%

13:30 U.S. Durable Goods Orders ex Transportation December -0.7% Revised From -0.4% +0.5%

14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y November +4.5% +4.5%

14:00 U.S. Consumer confidence January 92.6 94.4

15:00 U.S. New Home Sales December 438 450