Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the release of manufacturing PMIs for the Eurozone

Economic calendar (GMT0):

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

00:00 Japan Bank holiday

00:30 Australia MI Inflation Gauge, m/m March 0.4% 0.3%

01:30 Australia ANZ Job Advertisements (MoM) April -1.4% 2.3%

01:30 Australia Building Permits, m/m March -1.6% Revised From -3.2% -2.0% 2.8%

01:45 China HSBC Manufacturing PMI (Finally) April 49.6 48.9

06:00 United Kingdom Bank holiday

07:30 Switzerland Manufacturing PMI April 47.9 47.9

07:50 France Manufacturing PMI (Finally) April 48.8 48.4 48.0

07:55 Germany Manufacturing PMI (Finally) April 52.8 51.9 52.1

08:00 Eurozone Manufacturing PMI (Finally) April 52.2 51.9 52.0

08:30 Eurozone Sentix Investor Confidence May 20 19.8 19.6

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. factory orders data. Factory orders in the U.S. are expected to rise 2.0% in March, after a 0.2% gain in February.

The euro traded lower against the U.S. dollar after the release of manufacturing PMIs for the Eurozone. Eurozone's final manufacturing purchasing managers' index (PMI) fell to 52.0 in April from 52.2 in March, up from a preliminary reading of 51.9.

Germany's final manufacturing PMI decreased to 52.1 in April from 52.8 in March, up from a preliminary reading of 51.9.

France's final manufacturing PMI dropped to 48.0 in April from 48.8 in March, down a preliminary reading of 48.4.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 19.6 in May from 20.0 in April, missing expectations for a decline to 19.8.

The Eurozone's recovery was offset by the uncertainty over the Greek debt crisis.

The British pound traded lower against the U.S. dollar in the absence of any major economic data from the U.K. Markets in the U.K. are closed for a public holiday.

The Swiss franc traded lower against the U.S. after the manufacturing PMI from Switzerland. The manufacturing purchasing managers' index in Switzerland remained unchanged at 47.9 in April.

EUR/USD: the currency pair decreased to $1.1122

GBP/USD: the currency pair fell to $1.5088

USD/JPY: the currency pair rose to Y120.27

The most important news that are expected (GMT0):

14:00 U.S. Factory Orders March 0.2% 2.0%

16:25 U.S. FOMC Member Charles Evans Speaks