European session: the euro fell against the U.S. dollar

Data

00:00 G20 G20 Meetings

09:30 United Kingdom Retail Sales (MoM) January +2.6% -0.9% -1.5%

09:30 United Kingdom Retail Sales (YoY) January +5.3% +5.0% +4.3%

09:30 United Kingdom PSNB, bln January 9.0 Revised From 10.4 -9.3 -6.4

The euro exchange rate fell slightly against the dollar , due to the anticipation of the publication of data on housing sales in the U.S. secondary market . According to the median forecast of economists today the U.S. National Association of Realtors announced a reduction in the January sales on the secondary market . Expected to drop to 4.73 million annualized and seasonally adjusted . In December, sales totaled 4.87 million main reason for possible bad statisticians call very cold weather in January , which forced many construction projects get up and slow down the already existing sites . Moreover, high mortgage rates and housing prices have led to the fact that housing has become less affordable . Current downward trend began with the summer.

The yen fell against the dollar, which , in part, was associated with a protocol of the meeting of 21-22 January . They showed that the members of the Board of the Bank of Japan 's monetary policy predict that the country's economic recovery will continue. The Council added that the risks to the recovery remain , especially from commodity exporters, the European debt situation and the pace of recovery in the U.S.. Council members also said that inflation seems to be growing, making progress in the completion of a long period of deflation. Meanwhile , we add that the growth forecasts by the central bank for fiscal year 2013 unchanged at 2.7 percent, while the forecast for 2014 fiscal year has been revised downward to 1.4 percent from 1 , 5 percent. Gross domestic product is forecast to grow at a steady pace in 2015 - at the level of 1.5 percent. Inflation forecast of the Bank of Japan also remained unchanged. Core CPI is estimated to increase by 0.7 percent in fiscal 2013 and 3.3 percent in fiscal year 2014 . The rate of inflation will be moderate - at 2.6 percent in fiscal year 2014 .

Pound rose slightly against the dollar, while restoring previously lost ground. Steam rising for the first week after I met interest in buying near 1.6600/10 . Weak retail sales data for January is almost no impact on the pound, which survived only a short drop to 1.6610 , but quickly recovered . Recall that retail sales including automotive fuel , fell last month by 1.5 percent on a monthly basis , while fixing the first decline for the past three months . Economists had expected sales to fall by 0.9 percent , after the publication of growth of 2.5 per cent in December , which was revised down from 2.6 percent. In annual terms, retail sales , including automotive fuel rose at a slower pace in January - by 4.3 percent , after a 5.3 percent increase in December. It was expected that sales will rise to 5.0 percent . Experts point out that this report , however, should be viewed in the context of a sharp rise in sales in December and January very raw weather , which led to a reduction in consumption. Amid rising consumer confidence , employment and wages, which begins to rise , the household sector can make a positive contribution to GDP this year .

EUR / USD: during the European session, the pair fell to $ 1.3700

GBP / USD: during the European session, the pair fell to $ 1.6609 , but then rose to $ 1.6688

USD / JPY: during the European session, the pair rose to Y102.60

At 13:30 GMT , Canada will release the consumer price index and the core consumer price index from the Bank of Canada in January , and will report on changes in the volume of retail sales in December. At 15:00 GMT the United States declares the volume of sales in the secondary market in January .