Foreign exchange market. European session: the euro traded lower against the U.S. dollar as the Swiss National Bank (SNB) announced today that it will discontinue the 1.20 per euro exchange rate floor

Economic calendar (GMT0):

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

00:01 United Kingdom RICS House Price Balance December 13% 11% 11%

00:30 Australia Unemployment rate December 6.2% Revised From 6.3% 6.3% 6.1%

00:30 Australia Changing the number of employed December +44.9 +5.3 +37.4

10:00 Eurozone Trade Balance s.a. November 19.6 Revised From 19.4 21.3 20.0

The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. economic data. The U.S. PPI is expected to decline 0.3% in December, after a 0.2% decrease in November.

The number of initial jobless claims in the U.S. is expected to increase by 5,000 to 299,000.

The Philadelphia Federal Reserve Bank' manufacturing index is expected to drop to 20.3 in January from 24.5 in December.

The euro traded lower against the U.S. dollar as the Swiss National Bank (SNB) announced today that it will discontinue the 1.20 per euro exchange rate floor.

Investors speculate that the European Central Bank could decide on its policy meeting on January 22 to purchase government bonds.

Eurozone's trade surplus widened to €20.0 billion in November from €19.6 billion in October, missing expectations for a rise to €21.3 billion. October's figure was revised up from a surplus of €19.4 billion.

The increase was driven by a weaker euro and falling oil prices.

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

The Swiss franc plunged against the U.S. dollar as the Swiss National Bank announced today that it will discontinue the 1.20 per euro exchange rate floor. But the SNB added that will remain active in the foreign exchange market.

EUR/USD: the currency pair declined to $1.1779

GBP/USD: the currency pair increased to $1.5262

USD/JPY: the currency pair fell to $116.23

The most important news that are expected (GMT0):

13:30 U.S. Initial Jobless Claims January 294 299

13:30 U.S. PPI, m/m December -0.2% -0.3%

13:30 U.S. PPI, y/y December +1.4% +1.2%

13:30 U.S. PPI excluding food and energy, m/m December 0.0% +0.1%

13:30 U.S. PPI excluding food and energy, Y/Y December +1.8% +2.0%

15:00 U.S. Philadelphia Fed Manufacturing Survey January 24.5 20.3