Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the better-than-expected ZEW economic sentiment index from the Eurozone

Economic calendar (GMT0):

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

02:00 China Retail Sales y/y December +11.7% +11.7% +11.9%

02:00 China Industrial Production y/y December +7.2% +7.4% +7.9%

02:00 China Fixed Asset Investment December +15.8% +15.7% +15.7%

02:00 China GDP y/y Quarter IV +7.3% +7.2% +7.3%

07:00 Germany Producer Price Index (MoM) December 0.0% -0.3% -0.7%

07:00 Germany Producer Price Index (YoY) December -0.9% -1.4% -1.7%

10:00 Eurozone ZEW Economic Sentiment January 31.8 37.6 45.2

10:00 Germany ZEW Survey - Economic Sentiment January 34.9 40.1 48.4

The U.S. dollar traded mixed against the most major currencies ahead of the NAHB housing market index. The NAHB housing market index is expected to climb to 58 in January from 57 in December.

U.S. markets were closed for Martin Luther King holiday on Monday.

The euro traded mixed against the U.S. dollar after the better-than-expected ZEW economic sentiment index from the Eurozone. Germany's ZEW economic sentiment index increased to 48.4 in January from 34.9 in December, exceeding expectations for a rise to 40.1.

Eurozone's ZEW economic sentiment index rose to 45.2 in January from 31.8 in December, beating expectations for a gain to 37.6.

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

The Canadian dollar traded lower against the U.S. dollar ahead of the Canadian economic data. Canada's manufacturing shipments are expected to decrease 0.5% in November, after a 0.6% drop in October.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair increased to $1.5177

USD/JPY: the currency pair climbed to $118.78

The most important news that are expected (GMT0):

13:30 Canada Manufacturing Shipments (MoM) November -0.6% -0.5%

15:00 U.S. FOMC Member Jerome Powell Speaks

15:00 U.S. NAHB Housing Market Index January 57 58

21:45 New Zealand CPI, q/q Quarter IV +0.3% 0.0%

21:45 New Zealand CPI, q/q Quarter IV +1.0% +0.9%

23:30 Australia Westpac Consumer Confidence January -5.7%