Foreign exchange market. European session: the U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. economic data

Economic calendar (GMT0):

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

08:00 Eurozone Private Loans, Y/Y February 1.4% 1.4% 1.6%

08:00 Eurozone M3 money supply, adjusted y/y February 5.0% 5% 5.0%

The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. economic data. The S&P/Case-Shiller home price index is expected to rise by 5.9% in January, after a 5.7% gain in December.

The U.S. consumer confidence is expected to increase to 94.0 in March from 92.2 in February.

The euro traded higher against the U.S. dollar. The European Central Bank (ECB) released its M3 money supply figures on Monday. M3 money supply rose 5.0% in February from last year, in line with expectations, after a 5.0 % increase in January.

Loans to the private sector in the Eurozone climbed 1.6% in February from the last year, beating expectations for a 1.4% rise, after a 1.4% gain in January.

Total credit to euro area residents increased to 3.2% year-on-year in February from 2.6% in January.

Loans to non-financial corporations rose to 0.9% year-on-year in February from 0.6% in January.

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

The Canadian dollar traded higher against the U.S. dollar ahead of the release of the Canadian economic data. The Industrial Product Price Index (IPPI) is expected to decline 0.2% in February, after a 0.5% rise in January.

EUR/USD: the currency pair increased to $1.1216

GBP/USD: the currency pair climbed to $1.4296

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30 Canada Industrial Product Price Index, m/m February 0.5% -0.2%

12:30 Canada Industrial Product Price Index, y/y February 1.7%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y January 5.7% 5.9%

14:00 U.S. Consumer confidence March 92.2 94

16:20 U.S. Fed Chairman Janet Yellen Speaks

21:45 New Zealand Building Permits, m/m February -8.2% 5%

23:50 Japan Industrial Production (MoM) (Preliminary) February 3.7% -6%

23:50 Japan Industrial Production (YoY) (Preliminary) February -3.8%