(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:01 United Kingdom Rightmove House Price Index (MoM) January -2.2% (revised) +1.4%
00:01 United Kingdom Rightmove House Price Index (YoY) January +7.0% +8.2%
00:30 Australia New Motor Vehicle Sales (MoM) December -0.5% (revised) +3.0%
00:30 Australia New Motor Vehicle Sales (YoY) December -3.7% (revised) -1.0%
04:30 Japan Industrial Production (MoM) (Finally) November -0.6% -0.6% -0.5%
04:30 Japan Industrial Production (YoY) (Finally) November -3.8% -3.8% -3.7%
05:00 Japan Consumer Confidence December 37.7 38.6 38.8
The U.S. dollar traded mixed against its major peers during the Asian session after Friday's data showed U.S. household confidence rose on a strengthening job market and slumping fuel costs. The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to 98.2 in January from a final reading of 93.6 in December, exceeding expectations for an increase to 94.2. That was the highest level since January 2004. The euro recovered from 12-year lows but is still under pressure by the prospect of QE by the ECB. Today U.S. markets are closed due to a bank holiday.
The Australian dollar traded slightly lower against the greenback after reaching a one-month high last week. New Motor Vehicle Sales rose more-than-expected from revised -0.5% in November to +3.0% in December. On a yearly basis Sales declined by -1.0% compared to -3.7 in the previous month. Inflation for December declined to 0.0% after a previous reading of +0.1% making it 1.5% on a yearly basis.
New Zealand's dollar traded higher against the greenback in the absence of major economic data. Today investors await the NZIER Business confidence for the fourth quarter due at 21:00 GMT.
The Japanese yen declined after a sharp rise on Friday versus the greenback. Friday's gains were driven by a steep rout in Chinese equities which led to a stronger demand for the haven currency as market participants became more risk sensitive. In today's session data on Japanese Industrial Production for November was better than expected with a decline by -0.5%, analysts expected -0.6%. On a yearly basis Industrial Production had a reading of -3.7% versus the estimated -3.8%. Consumer Confidence rose to 38.8 beating forecasts of 38.6 and a previous reading of 37.7 in November. The BOJ policy meeting will start tomorrow to decide on further stimulus measures after it's unprecedented bond-buying program starter in October last year.
EUR/USD: the euro traded higher against the greenback
USD/JPY: the U.S. dollar traded stronger against the yen
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
08:15 Switzerland Producer & Import Prices, m/m December -0.7% -0.6%
08:15 Switzerland Producer & Import Prices, y/y December -1.6% -1.5%
09:00 Eurozone Current account, adjusted, bln November 20.5 21.3
11:00 Germany Bundesbank Monthly Report
13:00 U.S. Bank holiday
13:30 Canada Foreign Securities Purchases November 9.53 7.23
21:00 New Zealand NZIER Business Confidence Quarter IV 19
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