Foreign exchange market. European session: the euro fell against the U.S. dollar after the weaker-than-expected economic data from Germany

Economic calendar (GMT0):

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

09:00 Eurozone M3 money supply, adjusted y/y September +2.1% +2.2% 2.5%

09:00 Eurozone Private Loans, Y/Y September -1.5% -1.3% 1.2%

09:00 Germany IFO - Business Climate October 104.7 104.6 103.2

09:00 Germany IFO - Current Assessment October 110.5 109.5 108.4

09:00 Germany IFO - Expectations October 99.3 98.7 98.3

11:00 United Kingdom CBI retail sales balance October 31 35 31

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. pending home sales and services purchasing managers' index. Pending home sales in the U.S. are expected to climb 1.1% in September, after a 1.0% in August.

The U.S. preliminary services purchasing managers' index is expected to decline to 58.7 in September from 58.9 in August.

The euro fell against the U.S. dollar after the weaker-than-expected economic data from Germany. German Ifo business climate index fell to 103.2 in October from 104.7 in September, missing expectations for a decline to 104.6. That was the lowest level since December 2012.

Eurozone's adjusted M3 money supply climbed 2.1% in September, exceeding expectations for a 2.2% increase, after a 2.1% gain in August. August's figure was revised up from a 2.0% rise.

Eurozone's private loans fell 1.2% in September, beating forecasts of a 1.3% decrease, after a 1.5% drop in August.

The British pound traded higher against the U.S. dollar after the U.K. retailer index. The Confederation of British Industry released its monthly Distributive Trades survey today. The CBI retail sales balance remained unchanged at 31% in October, missing expectations for an increase to 35%.

EUR/USD: the currency pair fell to $1.2664

GBP/USD: the currency pair rose to $1.6121

USD/JPY: the currency pair declined to Y107.71

The most important news that are expected (GMT0):

13:45 U.S. Services PMI (Preliminary) October 58.9 58.7

14:00 U.S. Pending Home Sales (MoM) September -1.0% +1.1%

23:50 Japan Retail sales, y/y September +1.2% +0.9%