Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the release of the positive trade data from the Eurozone

Economic calendar (GMT0):

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

02:00 China Retail Sales y/y March 10.2% 10.4% 10.5%

02:00 China Fixed Asset Investment March 10.2% 10.3% 10.7%

02:00 China Industrial Production y/y March 5.4% 5.9% 6.8%

02:00 China GDP y/y Quarter I 6.8% 6.7% 6.7%

04:30 Japan Industrial Production (YoY) (Finally) February -3.8% -1.2%

04:30 Japan Industrial Production (MoM) (Finally) February 3.7% -6.2% -5.2%

09:00 Eurozone Trade balance unadjusted February 6.2 19

The U.S. dollar traded lower against the most major currencies ahead of the release of the U.S. economic data. The NY Fed Empire State manufacturing index is expected to rise to 2.21 in April from 0.62 in March.

The U.S. industrial production is expected to decrease 0.1% in March, after a 0.5% fall in February.

The preliminary Thomson Reuters/University of Michigan consumer sentiment index is expected to increase to 92.0 in April from 91.0 in March.

The euro traded higher against the U.S. dollar after the release of the positive trade data from the Eurozone. Eurostat released its trade data for the Eurozone on Friday. Eurozone's unadjusted trade surplus climbed to €19.0 billion in February from €6.2 billion in January.

Exports rose at an unadjusted annual rate of 1.0% in February, while imports climbed 2.0%.

The British pound traded higher against the U.S. dollar after the release of the mixed U.K. construction output data. The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. declined 0.3% in February, after a 0.4% fall in January.

Repair and maintenance activity fell 0.5% in February, while new work declined 0.2%.

On a yearly basis, construction output increased 0.3% in February, after a 0.9% drop in January.

The Canadian dollar traded lower against the U.S. dollar ahead of the release of the manufacturing shipments data from Canada. Canadian manufacturing shipments are expected to drop 1.5% in February, after a 2.3% gain in January.

EUR/USD: the currency pair rose to $1.1287

GBP/USD: the currency pair increased to $1.4203

USD/JPY: the currency pair fell to Y108.78

The most important news that are expected (GMT0):

12:30 Canada Manufacturing Shipments (MoM) February 2.3% -1.5%

12:30 U.S. NY Fed Empire State manufacturing index April 0.62 2.21

13:15 U.S. Capacity Utilization March 76.7% 75.4%

13:15 U.S. Industrial Production (MoM) March -0.5% -0.1%

13:15 U.S. Industrial Production YoY March -1.6%

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) April 91 92.0

20:00 U.S. Net Long-term TIC Flows February -12.0 -32.2

20:00 U.S. Total Net TIC Flows February 118.4