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

Economic calendar (GMT0):

01:30    Australia          Private Sector Credit, m/m         April      +0.4%  +0.4%   +0.5%

01:30    Australia          Private Sector Credit, y/y           April      +4.4%               +4.6%

05:00    Japan              Housing Starts, y/y                    April      -2.9%   -8.2%    -3.3%

06:00    Germany         Retail sales, real adjusted            April      -0.7%   +0.4%   -0.9%

06:00    Germany         Retail sales, real unadjusted, y/y April      -1.9%               +3.4%

07:00    Switzerland      KOF Leading Indicator                May       101.8   102.05    99.8

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. Personal income in the U.S. should increase 0.3% in April, after 0.5% gain in March. Personal spending in the U.S. should rise 0.2% in April, after a 0.9% increase in March. Chicago Purchasing Managers' Index should decline to 60.2 in May from 63.0 in April. Reuters/Michigan Consumer Sentiment Index should increase to 82.9 in May from 82.8 in April.

The euro traded higher against the U.S. dollar. The German adjusted retail sales dropped 0.9% in April, after a 0.7% decline in March. Analysts had expected a 0.4% rise.

The unadjusted retail sales in Germany climbed 3.4% in April, after a decrease of 1.9% in March.

The British pound traded higher against the U.S. dollar in the absence of any major economic reports in the U.K.

The Swiss franc traded mixed against the U.S. dollar. KOF leading indicator for Switzerland dropped to 99.8 in May from 101.8 in April. April’s figure was revised down to 101.8 from 102.04. Analysts had expected an increase to 102.05.

The Canadian dollar traded higher against the U.S. dollar amid the Canadian gross domestic product. The Canadian GDP should increase 0.1% in March, after a 0.2% gain in February.

The raw material price index in Canada should climb 1.2% in April, after a 0.6% rise in March.

EUR/USD: the currency pair increased to $1.3617

GBP/USD: the currency pair climbed to $1.6757

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30    Canada   Raw Material Price Index                                              April      +0.6%  +1.2% 

12:30    Canada   GDP (m/m)                                                                 March   +0.2%  +0.1% 

12:30    U.S.        Personal Income, m/m                                                 April      +0.5%  +0.3% 

12:30    U.S.        Personal spending                                                        April      +0.9%  +0.2% 

12:30    U.S.        PCE price index ex food, energy, m/m                         April      +0.2%  +0.2% 

12:30    U.S.        PCE price index ex food, energy, Y/Y                           April      +1.2%                

13:45    U.S.        Chicago Purchasing Managers' Index                            May       63.0      60.2     

13:55    U.S.        Reuters/Michigan Consumer Sentiment Index (Finally)   May       82.8      82.9     

21:00    U.S.        FOMC Member Charles Plosser Speaks