European session: the euro fell

09:00 Germany IFO - Business Climate January 109.5 110.2 110.6

09:00 Germany IFO - Current Assessment January 111.6 112.2 112.4

09:00 Germany IFO - Expectations January 107.4 108.0 108.9

10:00 Eurozone Eurogroup Meetings January

11:00 Germany Bundesbank Monthly Report January

12:00 Eurozone ECB’s Vitor Constancio Speaks

Euro fell to its maximum value against the dollar, while back below the levels of the session. Early growth of the euro was fluff associated with the release of strong data from the institute Ifo, according to which the business climate index in January rose to 110.6 from 109.5 values ​​unrevised December , reaching its highest level since July 2011 and exceeded economists' forecast . In turn , the index of current conditions rose to 112.4 compared to 111.6 in December. Figure was slightly higher than expected 112.2 . The expectations index also improved more than expected to 108.9 from 107.4 . The expected result was 108.

After a report analyst Carsten Brzeski ING said: " Looking ahead , strong labor market data , favorable financing conditions , the gradual growth of investment and new orders , and low wholesale inventories still make economic situation in Germany a unique case ."

In turn, in light of the strong performance of the German Ifo Caroline Newhouse from BNP Paribas said: " The study confirms the positive statistics IFO PMI, published last week. Composite PMI rose in January from 55 to 55.9 , the highest level since June 2011 , remained above the threshold of 50 for the ninth consecutive month . "

The yen lost previously won positions after the release of data on the trade balance of the country. Japan's trade deficit reached a historic high . The deficit amounted to 11.5 trillion . yen ( $ 113 billion ) , which is almost two times more than last year's figure 6.9 trillion . yen , according to the Finance Ministry in Tokyo. In December, imports increased by 25% compared with a year earlier , and exports gained 15% , resulting in a monthly deficit of $ 1.3 trillion . yen. The reason - the growth of energy supplies and the weakness of the yen .

EUR / USD: during the European session, the pair rose to $ 1.3716 , but then fell to $ 1.3654

GBP / USD: during the European session, the pair rose to $ 1.6573

USD / JPY: during the European session, the pair rose to Y170.51

At 15:00 GMT the United States will sales in the primary market in December. At 18:00 GMT a speech ECB board member Jens Weidmann . At 23:00 GMT Australia is to publish an index of leading economic indicators from the Conference Board in November.