Foreign exchange market. European session: the euro traded higher against the U.S. dollar on the better-than-expected Ifo index from Germany

Economic calendar (GMT0):

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

01:35 Japan Manufacturing PMI (Preliminary) November 52.4 52.1 52.8

07:00 Germany GDP (QoQ) (Finally) Quarter III 0.4% 0.3% 0.3%

07:00 Germany GDP (YoY) (Finally) Quarter III 1.6% 1.8% 1.8%

09:00 Germany IFO - Business Climate November 108.2 108.2 109

09:00 Germany IFO - Expectations November 103.9 Revised From 103.8 104 104.7

09:00 Germany IFO - Current Assessment November 112.7 Revised From 112.6 112.4 113.4

09:05 Australia RBA's Governor Glenn Stevens Speech

11:00 United Kingdom CBI retail sales volume balance November 19 25 7

The U.S. dollar traded mixed against the most major currencies ahead of the release of the economic data from the U.S. The U.S. revised GDP is expected to rise 2.0% in third quarter, up from the previous estimate of a 1.5% gain.

The S&P/Case-Shiller home price index is expected to rise by 5.1% in September, after a 5.1% gain in August.

The U.S. consumer confidence is expected to increase to 99.5 in October from 97.6 from September.

The euro traded higher against the U.S. dollar on the better-than-expected Ifo index from Germany. German Ifo Institute released its business confidence figures for Germany on Tuesday. German business confidence index rises to 109.0 in November from 108.2 in October. Analysts had expected to remain unchanged at 108.2.

"The German economy remains unaffected by growing uncertainty worldwide. Not even the Paris attacks had a negative impact on survey data," Ifo President Hans-Werner Sinn said.

The Ifo current conditions index increased to 113.4 from 112.7. October's figure was revised up from 112.6. Analysts had expected the index to fell to 112.4.

The Ifo expectations index rose to 104.7 from 103.9. October's figure was revised up from 103.8. Analysts had expected the index to decrease to 104.0.

Destatis released its final gross domestic product (GDP) growth for Germany on Tuesday. Germany's final GDP gained by 0.3% in the third quarter, in line with the preliminary reading, after a 0.4% increase in the second quarter.

The increase was driven by domestic final consumption expenditure. Household consumption expenditure rose by 0.6% in the third quarter, while government spending increased by 1.3%.

Exports of goods and services were up 0.2% in third quarter, while imports climbed 1.1%.

On a yearly basis, Germany's final GDP rose to 1.8% in the third quarter from 1.6% in the second quarter, in line with the preliminary reading.

The British pound traded lower against the U.S. dollar on comments by the Bank of England Governor Mark Carney. He said on Tuesday that the interest rate in the U.K. is likely to remain at low level "for some time".

The Confederation of British Industry (CBI) released its retail sales balance data on Tuesday. The CBI retail sales balance plunged to +7% in November from +19% in October, missing expectations for a rise to +25%.

EUR/USD: the currency pair rose to $1.0669

GBP/USD: the currency pair fell to $1.5078

USD/JPY: the currency pair decreased to Y122.39

The most important news that are expected (GMT0):

13:30 U.S. PCE price index ex food, energy, q/q (Revised) Quarter III 1.9% 1.3%

13:30 U.S. GDP, q/q (Revised) Quarter III 3.9% 2.0%

14:00 Belgium Business Climate November -4 -4

14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y September 5.1% 5.2%

15:00 U.S. Richmond Fed Manufacturing Index November -1 0

15:00 U.S. Consumer confidence November 97.6 99.5

23:50 Japan Monetary Policy Meeting Minutes