Foreign exchange market. European session: the euro dropped against the U.S. dollar as the European Central Bank (ECB) lowered its interest rate to 0.05% from 0.15%

Economic calendar (GMT0):

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

01:30 Australia Retail sales (MoM) July +0.6% +0.4% +0.4%

01:30 Australia Retail Sales Y/Y July +5.5% +5.9%

01:30 Australia Trade Balance July -1.68 -1.77 -1.36

03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

03:00 Japan Bank of Japan Monetary Base Target 270 270 270

03:00 Japan BoJ Monetary Policy Statement

06:00 Germany Factory Orders s.a. (MoM) July -2.7% Revised From -3.2% +1.6% +4.6%

06:00 Germany Factory Orders n.s.a. (YoY) July -2.0% Revised From -4.3% +4.9%

07:30 Japan BOJ Press Conference

11:00 United Kingdom Asset Purchase Facility 375 375 375

11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

11:00 United Kingdom MPC Rate Statement

11:45 Eurozone ECB Interest Rate Decision 0.15% 0.15% 0.05%

The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. economic data. The U.S. economy is expected to add 216,000 jobs in August according to the ADP employment report.

The euro dropped against the U.S. dollar as the European Central Bank (ECB) lowered its interest rate to 0.05% from 0.15%.

German factory orders rose 4.6% in July, exceeding expectations for a 1.6% increase, after a 2.7% decline in June. June's figure was revised up from a 3.2% fall.

The British pound declined against the U.S. dollar after the Bank of England's interest rate decision. The Bank of England (BoE) kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion.

The Canadian dollar rose against the U.S. dollar ahead of Canadian trade data. Canadian trade surplus is expected to decline to C$0.9 billion in July from C$1.86 billion in June.

EUR/USD: the currency pair decreased to $1.3036

GBP/USD: the currency pair fell to $1.6421

USD/JPY: the currency pair rose to Y105.10

The most important news that are expected (GMT0):

12:15 U.S. ADP Employment Report August 218 216

12:30 Eurozone ECB Press Conference

12:30 Canada Trade balance, billions July 1.9 0.9

12:30 U.S. International Trade, bln July -41.5 -42.5

12:30 U.S. Initial Jobless Claims August 298 298

12:30 U.S. Nonfarm Productivity, q/q (Finally) Quarter II +2.5% +2.5%

14:00 U.S. ISM Non-Manufacturing August 58.7 57.3

16:30 U.S. FOMC Member Mester Speaks

23:30 U.S. FOMC Member Jerome Powell Speaks