Foreign exchange market. Asian session: the Australian dollar fell

Economic calendar (GMT0):

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

00:00 U.S. FOMC Member James Bullard Speaks

00:30 Australia Private Capital Expenditure December -8.4% Revised From -9.2% -3% 0.8%

07:00 Germany Gfk Consumer Confidence Survey March 9.4 9.3 9.5

The U.S. dollar fell against the euro on weak economic data. A preliminary report from Markit Economics showed that activity in the services sector of the U.S. economy contracted in February. The preliminary Services PMI fell to 49.8 in February from 53.2 in January, while economists had expected a modest increase to 53.5. Many analysts said that a recession in the manufacturing sector might have spread to the services sector. Meanwhile a report from the Department of Commerce showed that new home sales fell by 9.2% in January after a sharp increase in December.

The pound traded range-bound after Bank of England deputy governor Jon Cunliffe said the country's economy was recovering slowly and that there were reasons to expect a long period of stagnation.

The Australian dollar fell on private capital expenditure data. The report showed that private capital expenditure rose by 0.8% in the fourth quarter after a 3% drop reported previously. However investors ignored this modest increase and focused on a terrifying outlook. Planned expenditure for 2015/16 is expected to drop 18%.

EUR/USD: the pair rose to $1.0035 in Asian trade

USD/JPY: the pair rose to Y112.60

GBP/USD: the fluctuated within $1.3910-50

The most important news that are expected (GMT0):

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

09:00 Eurozone Private Loans, Y/Y January 1.4% 1.5%

09:00 Eurozone M3 money supply, adjusted y/y January 4.7% 4.7%

09:30 United Kingdom Business Investment, q/q Quarter IV 2.2% 0.9%

09:30 United Kingdom Business Investment, y/y Quarter IV 6.6%

09:30 United Kingdom GDP, y/y (Revised) Quarter IV 2.1% 1.9%

09:30 United Kingdom GDP, q/q (Revised) Quarter IV 0.4% 0.5%

10:00 Eurozone Harmonized CPI January 0.0% -1.4%

10:00 Eurozone Harmonized CPI, Y/Y (Finally) January 0.2% 0.4%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) January 0.9% 1.0%

13:30 U.S. Continuing Jobless Claims February 2273 2260

13:30 U.S. Initial Jobless Claims February 262 270

13:30 U.S. Durable Goods Orders January -5.0% 2.9%

13:30 U.S. Durable Goods Orders ex Transportation January -1.2% 0.2%

13:30 U.S. Durable goods orders ex defense January -2.9%

14:00 U.S. Housing Price Index, m/m December 0.5% 0.5%

21:45 New Zealand Trade Balance, mln January -53 -246

23:30 Japan Tokyo Consumer Price Index, y/y February -0.3% -0.3%

23:30 Japan Tokyo CPI ex Fresh Food, y/y February -0.1% -0.2%

23:30 Japan National Consumer Price Index, y/y January 0.2% 0.0%

23:30 Japan National CPI Ex-Fresh Food, y/y January 0.1% -0.2%