Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the consumer price inflation data from the Eurozone

Economic calendar (GMT0):

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

00:00 China Bank holiday

02:00 New Zealand Expected Annual Inflation 2y from now Quarter IV +2.1% +1.8%

07:00 Germany GDP (QoQ) (Finally) Quarter IV +0.7% +0.7% +0.7%

07:00 Germany GDP (YoY) (Finally) Quarter IV +1.6% +1.6% +1.6%

08:15 Switzerland Employment Level Quarter IV 4.23 4.22 4.23

10:00 Eurozone Harmonized CPI January -0.1% -1.6%

10:00 Eurozone Harmonized CPI, Y/Y (Finally) January -0.6% -0.6% -0.6%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y January +0.6% +0.6% +0.6%

The U.S. dollar traded mixed to higher against the most major currencies ahead the speech by the Fed Chair Janet Yellen. Yellen will testify before the Senate Banking Committee in Washington later in the day.

The S&P/Case-Shiller home price index is expected to rise by 4.5% in December, after a 4.3% gain in November.

The U.S. consumer confidence is expected to decline to 99.6 in February from 102.9 from January.

The euro traded mixed against the U.S. dollar after the consumer price inflation data from the Eurozone. Eurozone's consumer price index dropped 1.6% in January, after a 0.1% decrease in December.

On a yearly basis, Eurozone's final consumer price inflation remained unchanged at 0.6% in January, in line with expectations.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco remained unchanged at an annual rate of 0.6% in January, in line with expectations.

Germany's final GDP grew 0.7% in fourth quarter, in line with expectations.

The European Central Bank President Mario Draghi will speak at 14:00 GMT0.

The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded lower against the U.S. dollar ahead of the speech by the Bank of Canada Governor Stephen Poloz.

The Swiss franc traded mixed against the U.S. dollar. The number of employed people climbed to 4,230 million in the fourth quarter from 4,227 million in the third quarter. Analysts had expected the number of employed people to decline to 4,220 million.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair rose to Y119.60

The most important news that are expected (GMT0):

14:00 Belgium Business Climate February -8.8 -8.4

14:00 Eurozone ECB President Mario Draghi Speaks

14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y December +4.3% +4.5%

15:00 U.S. Consumer confidence February 102.9 99.6

15:00 U.S. Federal Reserve Chair Janet Yellen Testifies

19:00 Canada BOC Gov Stephen Poloz Speaks