Foreign exchange market. Asian session: the U.S. dollar gained

Economic calendar (GMT0):

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

02:00 China Trade Balance, bln December 54.1 53 58.2

The U.S. dollar advanced as calmer financial markets boosted appetite for currencies that offer higher yield rather than safe-haven assets.

The Australian and New Zealand dollars rose on better-than-expected trade balance data from China. The country's trade surplus rose to $58.1 billion in December from $54.1 billion in November. Exports rose by 2.3% in December vs a decline of 8.0% expected by economists. Imports fell by 4.0%. Exports fell by 1.8% over 2015 because of weak demand overseas. Meanwhile imports fell by 13.2%.

EUR/USD: the pair declined to $1.0831 in Asian trade

USD/JPY: the pair rose to Y118.13

GBP/USD: the pair steady at $1.4444

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

07:45 France CPI, m/m December -0.2% 0.1%

07:45 France CPI, y/y December 0.0%

10:00 Eurozone Industrial production, (MoM) November 0.6% -0.3%

10:00 Eurozone Industrial Production (YoY) November 1.9% 1.3%

12:00 U.S. MBA Mortgage Applications January -11.6%

13:00 Switzerland Gov Board Member Fritz Zurbrugg Speaks

15:30 U.S. Crude Oil Inventories January -5.085 2.6

19:00 U.S. Federal budget December -65 -2.7

19:00 U.S. Fed's Beige Book

23:50 Japan Core Machinery Orders November 10.7% -7.9%

23:50 Japan Core Machinery Orders, y/y November 10.3% 6.3%