Foreign exchange market. European session: the euro traded lower against the U.S. dollar due to the weaker-than-expected economic data from the Eurozone

Economic calendar (GMT0):

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

01:00 Australia HIA New Home Sales, m/m July +1.2% -5.7%

01:30 Australia Private Capital Expenditure Quarter II -2.5% -0.8% +1.1%

07:15 Switzerland Employment Level Quarter II 4.19 4.21 4.19

07:55 Germany Unemployment Change August -11 -6 +2

07:55 Germany Unemployment Rate s.a. August 6.7% 6.7%

08:00 Eurozone M3 money supply, adjusted y/y July +1.6% +1.5% +1.8%

08:00 Eurozone Private Loans, Y/Y July -1.8% -1.5% -1.6%

09:00 Eurozone Business climate indicator August 0.17 0.16

09:00 Eurozone Industrial confidence August -3.8 -5.3

09:00 Eurozone Economic sentiment index August 102.1 100.6

10:00 United Kingdom CBI retail sales volume balance August 21 25 37

12:00 Germany CPI, m/m (Preliminary) August +0.3% 0.0% 0.0%

12:00 Germany CPI, y/y (Preliminary) August +0.8% +0.8% +0.8%

The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. gross domestic product. The U.S. revised GDP is expected to rise 3.9% in the second quarter.

The euro traded lower against the U.S. dollar due to the weaker-than-expected economic data from the Eurozone. The number of unemployed people in Germany climbed by 2,000 in August, missing expectations for a decrease of 6,000.

German unemployment rate remained unchanged at 6.7% in August.

German preliminary consumer price inflation was flat in August, in line with expectations, after a 0.3% rise in July.

On a yearly basis, German preliminary consumer price index rose 0.8% in August, in line with expectations, after a 0.8% gain in July.

Eurozone's M3 money supply increased 1.8% in July, beating expectations for a 1.5% increase, after a 1.6% rise in June. June's figure was revised up from a 1.5% gain.

Private loans in the Eurozone declined 1.6% in July, missing expectations for a 1.5% fall, after a 1.8% decline in June. June's figure was revised down from a 1.7% drop.

Eurozone's business climate indicator fell to 0.16 in August from 0.17 in July.

Eurozone's Industrial confidence decreased to -5.3 in August from -3.8 in July.

Eurozone's economic sentiment index dropped to 100.6 in August from 102.1 in July. July's figure was revised down from 102.2.

The British pound traded lower against the U.S. dollar. The Confederation of Business Industry released retail sales for the U.K. The CBI retail sales volume balance rose to +37 in August from +21 in July. Analysts had expected an increase to +25.

The Swiss franc traded lower against the U.S. dollar. The number of employed people climbed to 4,200 million in the second quarter from 4,192 million in the first quarter. Analysts had expected the number of employed people to increase to 4,210 million.

EUR/USD: the currency pair declined to $1.3170

GBP/USD: the currency pair fell to $.1.6566

USD/JPY: the currency pair decreased to Y103.55

The most important news that are expected (GMT0):

12:30 Canada Current Account, bln Quarter II -12.4 -11.4

12:30 U.S. PCE price index, q/q Quarter II +2.5%

12:30 U.S. PCE price index ex food, energy, q/q Quarter II +2.0%

12:30 U.S. Initial Jobless Claims August 298 299

12:30 U.S. GDP, q/q (Revised) Quarter II +4.0% +3.9%

14:00 U.S. Pending Home Sales (MoM) July -1.1% +0.6%

22:45 New Zealand Building Permits, m/m July +3.5%

23:30 Japan Tokyo Consumer Price Index, y/y August +2.8%

23:30 Japan Tokyo CPI ex Fresh Food, y/y August +2.8% +2.7%

23:30 Japan Household spending Y/Y July -3.0% -2.7%

23:30 Japan National Consumer Price Index, y/y July +3.6%

23:30 Japan National CPI Ex-Fresh Food, y/y July +3.3% +3.3%

23:50 Japan Retail sales, y/y July -0.6% -0.1%

23:50 Japan Industrial Production (MoM) (Preliminary) July -3.4% +1.4%

23:50 Japan Industrial Production (YoY) (Preliminary) July +3.1%