Foreign exchange market. European session: the U.S. dollar traded higher against the most major currencies ahead of U.S. economic data.

Economic calendar (GMT0):

06:00    Switzerland          Trade Balance                   April        1.99      2.05       2.42

07:15    Switzerland          Employment Level            Quarter I  4.19      4.21       4.19

08:30    United Kingdom   BBA Mortgage Approvals   April         45.9      45.2       42.2

The U.S. dollar traded higher against the most major currencies ahead of U.S. economic data. U.S. durable goods orders should decline 0.4% in April, from a 2.9% rise in March. U.S. durable goods orders excluding transportation should climb 0.2% in April, from a 2.4% gain in March.

S&P/Case-Shiller home price indices in the U.S. should rise 11.9% in March, from a 12.9% increase in February.

U.S. consumer confidence should climb to 83.2 in May, from 82.3 in April.

The euro dropped against the U.S. dollar amid the speech of the European Central Bank President Mario Draghi.

The British pound declined against the U.S. dollar after the release of U.K. mortgage approvals. U.K. mortgage approvals climbed by 42,200 in April, missing expectations for a 45,200 gain. March’s figure was revised down to a 45,000 rise from a previously estimated 45,900 increase.

The Swiss franc traded lower against the U.S. dollar. Switzerland's trade surplus rose to 2.425 billion Swiss francs in April, from 1.996 billion Swiss francs in March. March’s figure was revised down from a previously estimated surplus of 2.050 billion Swiss francs. Analysts had expected the trade surplus to climb to 2.052 billion Swiss francs.

The number of employed people in Switzerland remained unchanged at 4.190 million in the first quarter. Analysts had forecasted an increase to 4.210 million.

EUR/USD: the currency pair declined to $1.3635

GBP/USD: the currency pair dropped to $1.681

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30    U.S.                       Durable Goods Orders                              April      +2.9%   -0.4%  

12:30    U.S.                       Durable Goods Orders ex Transportation  April      +2.4%   +0.2% 

12:30    U.S.                       Durable goods orders ex defense             April      +1.8%                 

13:00    U.S.                       S&P/Case-Shiller Home Price Indices, y/y  March   +12.9% +11.9%

13:30    Eurozone               ECB President Mario Draghi Speaks                                                    

13:43    U.S.                       Services PMI (Preliminary)                         April      55.0      55.6     

14:00    U.S.                       Richmond Fed Manufacturing Index          May       7            5           

14:00    U.S.                       Consumer confidence                               May       82.3      83.2