Foreign exchange market. European session: the euro jumped against the U.S. dollar. The euro was supported by the Eurozone’s inflation report

Economic calendar (GMT0):

01:00    New Zealand    ANZ Business Confidence                     April      67.3                                                         64.8

01:30    Australia           Private Sector Credit, m/m                  March   +0.4%                                   +0.4%     +0.4%

01:30    Australia           Private Sector Credit, y/y                    March   +4.3%                                                    +4.4%

01:30    Japan              Labor Cash Earnings, YoY                    March   -0.1%   Revised From 0.0%   +0.2%      +0.7%

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                                                           

05:00    Japan              Housing Starts, y/y                              March   +1.0%                                    -2.8%       -2.9%

06:00    Germany         Retail sales, real adjusted                      March   +0.4%  Revised From +1.3%  -0.5%      -0.7%

06:00    Germany         Retail sales, real unadjusted, y/y           March   +1.9%  Revised From +2.0%                  -1.9%

06:00    Japan              BoJ monthly economic report               April                                    

06:00    Switzerland      UBS Consumption Indicator                  March   1.52      Revised From 1.57                       1.84

06:45    France            Consumer spending                              March   +0.1%                                     +0.3%      +0.4%

06:45    France            Consumer spending, y/y                       March   -0.3%                                                       -1.2%

07:00    Switzerland     KOF Leading Indicator                           April      1.99                                          2.03         1.84

07:30    Japan             BOJ Press Conference                                              

07:55    Germany        Unemployment Change                         April      -12                                           -10           -25

07:55    Germany        Unemployment Rate s.a.                       April      6.7%                                        6.7%        6.7%

09:00    Eurozone         Harmonized CPI, Y/Y (Preliminary)        April      +0.5%                                     +0.8%       +0.7%

The euro jumped against the U.S. dollar. The euro was supported by the Eurozone’s inflation report. The inflation in the Eurozone in April was better than in the previous month. The harmonised consumer price index climbed 0.7% in April (March: 0.5%). Analysts expected a rise of 0.8%.

The U.S. dollar traded mixed against the most major currencies ahead the publication of ADP employment report and U.S. GDP. Market participants are waiting that the U.S. employment should increase by 212,000. The rise of U.S. GDP should drop to 1.1% in the first quarter from an increase 2.6% in the previous quarter.

EUR/USD: the currency pair climbed to 1.3857

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:15    U.S.                        ADP Employment Report                 April                     191        212       

12:30    Canada                   Raw Material Price Index                  March                 +5.7%  +1.2% 

12:30    Canada                   GDP (m/m)                                     February             +0.5%  +0.2% 

12:30    U.S.                       PCE price index, q/q                         Quarter I             +3.3%                

12:30    U.S.                       PCE price index ex food, energy, q/q Quarter I             +1.3%                

12:30    U.S.                       Employment Cost Index                   Quarter I             +0.5%  +0.5% 

12:30    U.S.                       GDP, q/q (Preliminary)                      Quarter I             +2.6%  +1.1% 

13:45    U.S.                       Chicago Purchasing Managers' Index                              55.9      56.6     

15:30    United Kingdom     BOE Chief Economist Spencer Dale Speaks                                                     

18:00    U.S.                       Fed Interest Rate Decision                                          0.25%   0.25%  

18:00    U.S.                       FOMC QE Decision                                                        55          45         

18:00    U.S.                       FOMC Statement                                                         

20:15    Canada                  BOC Gov Stephen Poloz Speaks