Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the weaker-than-expected economic data from the Eurozone

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:30 Australia Westpac Consumer Confidence August +1.9% +3.8%

01:30 Australia Wage Price Index, q/q Quarter II +0.7% +0.8% +0.6%

01:30 Australia Wage Price Index, y/y Quarter II +2.6% +2.6%

05:30 China Retail Sales y/y July +12.4% +12.5% +12.2%

05:30 China Fixed Asset Investment July +17.3% +17.4% +17.0%

05:30 China Industrial Production y/y July +9.2% +9.1% +9.0%

06:00 Germany CPI, m/m (Finally) July +0.3% +0.3% +0.3%

06:00 Germany CPI, y/y (Finally) July +0.8% +0.8% +0.8%

06:45 France CPI, m/m July 0.0% -0.2% -0.3%

06:45 France CPI, y/y July +0.5% +0.6%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y June +0.7% +0.6%

08:30 United Kingdom Average Earnings, 3m/y June +0.3% -0.1% -0.2%

08:30 United Kingdom Claimant count July -36.3 -29.7 -33.6

08:30 United Kingdom Claimant Count Rate July 3.1% 3.0%

08:30 United Kingdom ILO Unemployment Rate June 6.5% 6.4% 6.4%

09:00 Eurozone Industrial production, (MoM) June -1.1% +0.5% -0.3%

09:00 Eurozone Industrial Production (YoY) June +0.5% 0.0%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) August 0.1 2.5

09:30 United Kingdom BOE Inflation Letter Quarter III

09:30 United Kingdom BOE Gov Mark Carney Speaks

The U.S. dollar traded mixed to higher against the most major currencies ahead of U.S. retail sales. Retail sales in the U.S. are expected to increase 0.2% in July, after a 0.2% gain in June.

Retail sales, excluding automobile sales, are expected to climbs 0.4% in July, after a 0.4% rise in June.

Business inventories in the U.S. are expected to rise 0.4% in June, after a 0.5% increase in May.

The euro traded mixed against the U.S. dollar after the weaker-than-expected economic data from the Eurozone. Eurozone's industrial production declined 0.3% in June, missing forecasts of a 0.5% rise, after a 1.1% fall in May.

German consumer price index increased 0.3% in July, in line with expectations, after a 0.3% rise in June.

French consumer price index dropped 0.3% in July.

The British pound slid against the U.S. dollar as the Bank of England lowered its forecast for wage growth in 2014. The BoE lowered its forecast to 1.25% from 2.5%.

The unemployment rate in the UK declined to 6.4% in in the three months to June, in line with expectations, down from 6.5% a month earlier. That was the lowest level since late 2008.

The claimant count declined by 33,600 people in July, exceeding expectations for a fall of 29,700, after a decrease of 39,500 people in June. June's figure was revised up from a decrease of 36,300.

But the average earnings index, including bonuses, dropped by 0.2% in the three months to June, missing expectations for a 0.1% decrease, after a 0.4% rise in the three months to May. The last month's figure was revised up from a 0.3% gain. That was first negative average earnings index since March-May 2009.

The average earnings index, excluding bonuses, increased by 0.6% in the three months to June, after a 0.7% rise in the three months to May.

The weak average earnings index may mean that the Bank of England will delay interest rate hike.

The Swiss franc traded mixed against the U.S. dollar. Swiss ZEW Economic Sentiment Index rose to 2.5 in August from 0.1 in July.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair dropped to $1.6698

USD/JPY: the currency pair climbed to Y102.50

The most important news that are expected (GMT0):

12:30 U.S. Retail sales July +0.2% +0.2%

12:30 U.S. Retail sales excluding auto July +0.4% +0.4%

13:05 U.S. FOMC Member Dudley Speak

14:30 U.S. Crude Oil Inventories August -1.8

22:30 New Zealand Business NZ PMI July 53.3

22:45 New Zealand Retail Sales, q/q Quarter II +0.7% +1.0%

22:45 New Zealand Retail Sales ex Autos, q/q Quarter II +0.8%

23:50 Japan Core Machinery Orders June -19.5% +15.5%

23:50 Japan Core Machinery Orders, y/y June -14.3%