Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the mixed economic data from Eurozone

Economic calendar (GMT0):

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

00:05 United Kingdom Gfk Consumer Confidence January -4 -2 +1

00:30 Australia Producer price index, q / q Quarter IV +0.2% +0.1%

00:30 Australia Producer price index, y/y Quarter IV +1.2% +1.1%

00:30 Australia Private Sector Credit, m/m December +0.5% +0.5%

00:30 Australia Private Sector Credit, y/y December +5.9% +5.9%

05:00 Japan Housing Starts, y/y December -14.3% -14.7%

07:00 Germany Retail sales, real adjusted December +0.9% +0.2%

07:00 Germany Retail sales, real unadjusted, y/y December -0.8% +4.0%

07:45 France Consumer spending December +0.4% +1.5%

07:45 France Consumer spending, y/y December -1.1% +0.5%

08:00 Switzerland KOF Leading Indicator January 98.8 Revised From 98.7 97.8 97.0

09:30 United Kingdom Net Lending to Individuals, bln December 3.3 2.2

09:30 United Kingdom Mortgage Approvals December 59 60

10:00 Eurozone Unemployment Rate December 11.5% 11.5% 11.4%

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) January -0.2% -0.5% -0.6%

The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. economic data. The U.S. preliminary gross domestic product is expected to rise at an annual rate of 3.3% in the fourth quarter, after a 5.0% gain in the third quarter.

The Chicago purchasing managers' index is expected to decline to 58.1 in January from 58.3 in December.

The final Reuters/Michigan Consumer Sentiment Index is expected to decline to 98.1 in January.

The euro traded lower against the U.S. dollar after the mixed economic data from Eurozone. The inflation declined to an annual rate of -0.6% in January from -0.2% in December. Analysts had expected a 0.5% drop.

Eurozone's unemployment rate fell to 11.4% in December from 11.5% in November. Analysts had expected the unemployment rate to remain unchanged at 11.5%.

German adjusted retail sales climbed 0.2% in December, after a 0.9% gain in November. November's figure was revised down from a 1.0% increase.

The British pound traded lower against the U.S. dollar after the economic data from the U.K. Net lending to individuals in the U.K. increased by £2.2 billion in December, after a £3.3 billion gain in November.

The number of mortgages approvals in the U.K. increased by 60,280 in December, after a gain by 58,960 in November.

The Canadian dollar traded lower against the U.S. dollar ahead of Canadian gross domestic product (GDP). Canada's GDP rose 0.3% in November.

The Swiss franc traded mixed against the U.S. dollar after the weaker-than-expected KOF leading indicator. The KOF leading indicator decreased to 97.0 in January from 98.8 in December, missing expectations for a decrease to 97.8. December's figure was revised up from 98.7.

EUR/USD: the currency pair fell to $1.1291

GBP/USD: the currency pair declined to $1.5042

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:30 Canada GDP (m/m) November +0.3%

13:30 U.S. Employment Cost Index Quarter IV +0.7%

13:30 U.S. PCE price index, q/q Quarter IV +3.2%

13:30 U.S. PCE price index ex food, energy, q/q Quarter IV +1.4%

13:30 U.S. GDP, q/q (Preliminary) Quarter IV +5.0% +3.3%

14:45 U.S. Chicago Purchasing Managers' Index January 58.3 58.1

15:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) January 98.2 98.1