European session: the euro fluctuates after yesterday's growth

Data

00:00 China Bank holiday April

05:00 Japan Leading Economic Index February 95.0 97.2 97.5

05:00 Japan Coincident Index February 91.6 91.9 92.1

05:00    Japan BoJ monthly economic report April

07:00 United Kingdom Halifax house price index March +0.5% +0.2% +0.2%

07:00 United Kingdom Halifax house price index 3m Y/Y March +1.9% +1.1% +1.1%

07:00 Switzerland Foreign Currency Reserves March 430.0 427.0 438.3

08:00 United Kingdom BOE Chief Economist Spencer Dale Speaks April

09:00 Eurozone Retail Sales (MoM) February -0.9% -0.3% -0.3%

09:00 Eurozone Retail Sales (YoY) February -1.9% -1.3% -1.4%

09:00 Eurozone GDP (QoQ) (Finally) Quarter IV -0.6% -0.6% -0.6%

09:00 Eurozone GDP (YoY) (Finally) Quarter IV -0.9% -0.9%

10:00 Eurozone ECB Announces 3-Year LTRO Repayment

10:00 Germany Factory Orders s.a. (MoM) February -1.6% +1.2% +2.3%

10:00 Germany Factory Orders n.s.a. (YoY) February -2.5% -1.5% -2.9%

The euro rose against the dollar, recovering from the minimum values ​​of the session, helped by data on retail sales in the eurozone. According to the report, the seasonally adjusted retail sales fell in February by 0.3%, compared with a revised downward from the previous month at 0.9% growth. We add that, according to the average forecast of most economists value of this index was down by 0.4%, compared with the initial estimate of 1.2% growth reported in January. Meanwhile, it was reported that the biggest monthly decline was registered in Estonia, France, Slovenia, and the largest increase was recorded in Luxembourg, Denmark and Malta. On an annual basis, sales in the retail sector declined in February at a slower rate - by 1.4%, compared with a fall of 1.9% in January, which was revised upward from 1.3%. Note that the projected annual sales would fall by 1.3%. In addition, another report showed that orders in the manufacturing sector rose in February by 2.3%, driven by significant growth in demand both within and outside the country. In addition, it was reported that the figure for January was revised down to 1.6% from 1.9% fall. Note that according to the average estimates of analysts, orders had increased by only 1.2%.

The pound was little changed against the dollar and the euro, which is due to market participants' expectations of U.S. jobs report. In addition, the dynamics of trade affected minutes of the meeting of the Bank of England's financial policy, which showed that credit conditions in the UK have improved since November, and it is necessary to closely monitor risk appetite. The market may be too optimistic about the strength of the global economy. At the same time, they reported, it can not exclude further measures aimed at improving the stability of the banks. We also learned that the committee wants to put an end to doubts about banks' capital, and the members of the Committee on financial policies are concerned the ability of some banks to absorb losses.

The yen fell to its lowest level since August 2009, after the publication of new incentives Bank of Japan. Recall that yesterday, the Bank of Japan decided to increase the purchase of government bonds to 7 trillion yen per month, while the analysts' consensus forecast of 5.2 trillion yen. In addition, the Central Bank, which a few weeks ago led the new President Haruhiko Kuroda, a fierce supporter of active easing of monetary policy, has promised to get to the target inflation rate of 2% in two years.

EUR / USD: during the European session the pair fell to $ 1.2900, and then rose to $ 1.2938

GBP / USD: during the European session the pair fell to $ 1.5198, but later I could, and now storge at $ 1.5224

USD / JPY: during the European session, recovered with a minimum value, rising to Y96.19

At 12:30 GMT Canada said the unemployment rate and the change in the number of employees in March, and the trade balance for February. Also at this time in the U.S., there are data on the trade balance for February, the unemployment rate, changes in the number of employed in the agricultural sector, changing the number of employees in the private sector, and changes in the number of employees in the manufacturing sector in March, as well as the change of mean hourly wages for March. At 14:00 GMT in Canada comes from the Ivey PMI index for March.