European session: the euro rose sharply

Data

00:30 Australia Unemployment rate January 5.4% 5.5% 5.4%

00:30 Australia Changing the number of employed January -3.8 +6.1 +10.4

00:30 Australia NAB Quarterly Business Confidence IV quarter -4 -5

05:00 Japan Leading Economic Index December 92.1 93.8 93.4

05:00 Japan Coincident Index December 90.2 92.6 92.7

06:45 Switzerland SECO Consumer Climate IV quarter -17 -11 -6

08:00 Switzerland Foreign Currency Reserves January 427.2 428.5 427.0

09:30 United Kingdom Industrial Production (MoM) December +0.2% +0.7% +1.1%

09:30 United Kingdom Industrial Production (YoY) December -2.4% -2.2% -1.7%

09:30 United Kingdom Manufacturing Production (MoM) December -0.3% +0.7% +1.6%

09:30 United Kingdom Manufacturing Production (YoY) December -2.0% -2.6% -1.5%

09:30 United Kingdom Trade in goods December -9.2 -9.0 -8.9

10:00 Eurozone Economic Growth Forecasts from European Commissiom -

11:00 Germany Industrial Production s.a. (MoM) December -0.2% +0.2% +0.3%

11:00 Germany Industrial Production (YoY) December -3.1% -0.5% -1.1%

12:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50% 0.50%

12:00 United Kingdom Asset Purchase Facility - 375 375 375

12:00 United Kingdom MPC Rate Statement -

12:45 Eurozone ECB Interest Rate Decision - 0.75% 0.75% 0.75%

The euro rose against the dollar on speculation that the European Central Bank President Mario Draghi will signal an optimism about growth, not of concern in the power of the European currency.

The single currency rose against all 16 major currencies, as many market participants are waiting for ECB press conference. Meanwhile, in a positive way on their mood also affects the latest data showed that the level of confidence among German investors as well as economic sentiment in the region has grown significantly. Note also that a little earlier the ECB announced its decision on interest rates, leaving her with unchanged at 0.75%, which is largely unaffected by momentum trading.

The pound fell sharply against the dollar, which was associated with the performance of Mark Carney before a special committee in the parliament. Recall that in the near future Carney led the Bank of England. According to the policy, the central bank should turn unconventional policies and maintain the integrity of the sterling. Carney emphasized the importance of changes in monetary policy, adding that the central bank should be flexible with regard to inflation targeting. The new head of the Bank of England also believes that the Bank should improve forecasting.

The New Zealand dollar fell against the greenback after the Bureau of Statistics said the number of employees decreased by 1% in the last three months of 2012, while the percentage of participation was the lowest in the last eight years.

EUR / USD: during the European session, the pair rose to a maximum of $ 1.3575

GBP / USD: during the European session, the pair rose to $ 1.5770, but later fell to $ 1.5708

USD / JPY: during the European session the pair rose to Y93.91, then decreased, and is now trading at Y93.60

On the dynamics of trade can significantly affect the monthly press conference of the ECB, which will be held at 13:30 GMT. Also at this time, Canada will announce the change of volume of building permits issued in December, and will present the house price index in the primary market in December. Also, at 13:30 GMT U.S. report on changes in the level of labor productivity in the non-manufacturing sector, and changes in the cost of labor for the 4th quarter. A little later - at 15:00 GMT UK will release data on the change of the NIESR GDP for January. Finish the day at 20:30 GMT New Zealand publishing house price index from REINZ, as well as data on the change in the volume of home sales from REINZ for January.