European session: euro fell

The euro rose today against the dollar and yen, as the published data showed that German growth slowed less than economists forecast, while the French managed to avoid a sudden contraction. But this increase was short-lived, as market participants moved on to another important event - the level of euro area GDP. In anticipation of the release of the data rate of the euro began its decline that has intensified after the publication of the report. It is learned that the gross domestic product fell for the second quarter by 0.2%, which was in line with expectations. Recall that in the first quarter growth was zero.

The yen weakened against 16 major currencies after reports the Bank of Japan showed that the politicians are considering the possibility of extension of incentives to support economic growth.

The pound fell against the euro after a report showed that housing prices in the UK in July fell to -24 from -22, while showing the lowest rate for the year, underscoring the weakness of the economy. Also, to reduce the influence published data on the consumer price index. It is learned that the CPI rose by 2.6% on an annualized basis, compared to 2.4% in June. At the same time, economists expect the figure will be 2.3%.

EUR/USD: during the European session, the pair reached a high of $ 1.2386, and then declined and is now trading at $ 1.2350/60 area

GBP/USD: a pair of rose, updating the yesterday's high, then dropped sharply and is now trading at $ 1.5700

USD/JPY: during the European session, the pair shows a steady growth, and gradually approaching the level of resistance Y78.78

At 12:30 GMT the U.S. will announce the change of volume of retail trade, changes in retail sales, excluding auto sales, the change in volume of retail trade sales, excluding cars and fuel for July. Also during this time will the producer price index, producer price index excluding prices for food and energy prices in July. At 14:00 GMT the U.S. will provide data on changes in stocks at commercial stores in June. Complete day in the U.S. 20:30 GMT information about changing the volume of crude oil, according to the API for August