Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the release of the weak Ifo data from Germany

Economic calendar (GMT0):

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

07:00 Germany GDP (YoY) (Finally) Quarter IV 1.8% 2.1% 2.1%

07:00 Germany GDP (QoQ) (Finally) Quarter IV 0.3% 0.3% 0.3%

09:00 Germany IFO - Expectations February 102.3 Revised From 102.4 101.6 98.8

09:00 Germany IFO - Business Climate February 107.3 106.7 105.7

09:00 Germany IFO - Current Assessment February 112.5 112.0 112.9

11:15 Switzerland SNB Chairman Jordan Speaks

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The S&P/Case-Shiller home price index is expected to rise by 5.8% in December, after a 5.8% gain in November.

The U.S. consumer confidence is expected to decline to 97.0 in February from 98.1 in January.

The existing home sales in the U.S. are expected to fall to 5.32 million units in January from 5.46 million units in December.

The euro traded lower against the U.S. dollar after the release of the weak Ifo data from Germany. German Ifo Institute released its business confidence figures for Germany on Tuesday. German business confidence index declines to 105.7 in February from 107.3 in January, missing expectations for a fall to 106.7.

"The majority of companies were pessimistic about their business outlook for the first time in over six months. Assessments of the current business situation, by contrast, were slightly better than last month. German businesses expressed growing concern, especially in manufacturing," Ifo President Hans-Werner Sinn said.

The Ifo current conditions index increased to 112.9 from 112.5. Analysts had expected the index to decline to 112.0.

The Ifo expectations index dropped to 98.8 from 102.3, missing expectations for a decrease to 101.6. January's figure was revised down from 102.4.

Destatis released its final gross domestic product (GDP) growth for Germany on Tuesday. Germany's final GDP gained by 0.3% in the fourth quarter, in line with the preliminary reading, after a 0.3% increase in the third quarter.

The increase was driven by domestic final consumption expenditure. Household consumption expenditure rose by 0.2% in the fourth quarter, while government spending increased by 1.0%.

Exports of goods and services were down 0.6% in fourth quarter, while imports climbed 0.5%.

On a yearly basis, Germany's final GDP rose to 2.1% in the fourth quarter from 1.8% in the third quarter, in line with the preliminary reading.

In 2015 as whole, the economy expanded 1.7%, in line with the preliminary reading.

The British pound traded mixed against the U.S. dollar on comments by the Bank of England (BoE) Governor Mark Carney. He said on Tuesday that the outcome of Britain's referendum was treated like "any other political event which is not to make a judgement on the outcome and assume status quo continues".

The Swiss franc traded higher against the U.S. dollar. The Swiss National Bank (SNB) Chairman Thomas Jordan said on Tuesday that the options of the monetary policy were not unlimited. He noted that the Swiss franc was still overvalued.

EUR/USD: the currency pair decreased to $1.0989

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair fell to Y111.85

The most important news that are expected (GMT0):

14:00 Belgium Business Climate February -3.0 -3.6

14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y December 5.8% 5.8%

15:00 U.S. Richmond Fed Manufacturing Index February 2 2

15:00 U.S. Existing Home Sales January 5.46 5.32

15:00 U.S. Consumer confidence February 98.1 97.0

17:00 United Kingdom MPC Member Andy Haldane Speaks