Foreign exchange market. European session: the U.S. dollar traded higher against the most major currencies ahead of the U.S. durable goods orders and the number of initial jobless claims

Economic calendar (GMT0):

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

02:30 Australia RBA's Governor Glenn Stevens Speech

08:00 Eurozone M3 money supply, adjusted y/y August +1.8% +1.9% +2.0%

08:00 Eurozone Private Loans, Y/Y August -1.6% -1.5% -1.5%

10:00 United Kingdom CBI retail sales volume balance September 37 34 31

The U.S. dollar traded higher against the most major currencies ahead of the U.S. durable goods orders and the number of initial jobless claims. The U.S. durable goods orders are expected to drop 17.7% in August, after a 22.6% increase in July.

The number of initial jobless claims is expected to by 14,000 to 294,000.

The euro traded lower against the U.S. dollar after comments by the European Central Bank President Mario Draghi. He said in an interview with Lithuanian business daily Verslo Zinios that the ECB bank is ready to use additional unconventional instruments to counter deflationary risks.

The volume of private loans in the Eurozone fell by 1.5% in August, in line with expectations, after a 1.6% drop in July.

M3 money supply in the Eurozone rose 2% in August, exceeding expectations for a 1.9% increase, after a 1.8% growth in July.

The British pound traded lower against the U.S. dollar. The Confederation of Business Industry released retail sales for the U.K. The CBI retail sales volume balance fell to +31 in August from +37 in July. Analysts had expected a decline to +34.

EUR/USD: the currency pair fell to $1.2696

GBP/USD: the currency pair declined to $1.6274

USD/JPY: the currency pair rose to Y109.37

The most important news that are expected (GMT0):

12:30 U.S. Durable Goods Orders August +22.6% -17.7%

12:30 U.S. Durable Goods Orders ex Transportation August -0.7% Revised From -0.8% +0.7%

12:30 U.S. Durable goods orders ex defense August +24.9%

12:30 U.S. Initial Jobless Claims September 280 294

13:45 U.S. Services PMI (Preliminary) September 59.5 59.4

23:30 Japan Tokyo Consumer Price Index, y/y September +2.8%

23:30 Japan Tokyo CPI ex Fresh Food, y/y September +2.7% +2.7%

23:30 Japan National Consumer Price Index, y/y August +3.4%

23:30 Japan National CPI Ex-Fresh Food, y/y August +3.3% +3.2%