Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
05:00 Japan Leading Economic Index January 105.3 Revised From 105.6 105.9 105.1
05:00 Japan Coincident Index January 110.6 Revised From 110.7 113
07:00 Germany Industrial Production s.a. (MoM) January +1.0% Revised From +0.1% +0.6% +0.6%
07:00 Germany Industrial Production (YoY) January +0.5% Revised From -0.7% +0.9%
07:45 France Trade Balance, bln January -3.4 -3.7
08:00 Switzerland Foreign Currency Reserves February 498.4 509.3
08:15 Switzerland Consumer Price Index (MoM) February -0.4% +0.1% -0.3%
08:15 Switzerland Consumer Price Index (YoY) February -0.5% -0.6% -0.8%
09:30 United Kingdom Consumer Inflation Expectations Quarter I +2.5% +1.9%
The U.S. dollar traded mixed against the most major currencies. The greenback remained supported despite yesterday's weaker-than-expected U.S. economic data. Factory orders in the U.S. declined 0.2% in January, missing expectations for a 0.1% increase, after a 3.5% drop in December. That was the sixth straight decline.
December's figure was revised down from a 3.4% fall.
The decline was driven by lower orders for non-durable goods.
The number of initial jobless claims in the week ending February 281 in the U.S. climbed by 7,000 to 320,000 from 313,000 in the previous week, missing expectations for a rise by 6,000.
Final non-farm business sector labour productivity fell by 2.2% in the fourth quarter, missing expectations for a 0.4% rise, down from a preliminary estimate of a 1.8% decline.
The New Zealand dollar traded lower against the U.S. dollar in the absence of any major economic reports from New Zealand.
The Australian dollar traded higher against the U.S. dollar after the AIG performance of construction index from Australia. The AIG performance of construction index declined to 43.9 in February from 45.9 in January.
The Japanese yen traded higher against the U.S. dollar. Japan's leading economic index decreased to 105.1 in January from 105.3 in December, missing expectations for a rise to 105.9. December's figure was revised down from 105.6.
Japan's coincident index rose to 113.0 in January from 110.6 in December. December's figure was revised down from 110.7.
EUR/USD: the currency pair fell to $1.1014
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair declined to Y119.92
The most important news that are expected (GMT0):
10:00 Eurozone GDP (QoQ) (Revised) Quarter IV +0.3% +0.3%
10:00 Eurozone GDP (YoY) (Revised) Quarter IV +0.8% +0.9%
13:30 Canada Building Permits (MoM) January +7.7% +5.5%
13:30 Canada Trade balance, billions January -0.6 0.3
13:30 Canada Labor Productivity Quarter IV +0.1% +0.2%
13:30 U.S. International Trade, bln January -46.6 -41.6
13:30 U.S. Average hourly earnings February +0.5% +0.2%
13:30 U.S. Nonfarm Payrolls February 257 241
13:30 U.S. Unemployment Rate February 5.7% 5.6%
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