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26.01.2016, 13:15

Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar on comments by the Bank of England (BoE) Governor Mark Carney

Economic calendar (GMT0):

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

07:00 Switzerland Trade Balance December 3.16 Revised From 3.14 3.33 2.54

10:45 United Kingdom BOE Gov Mark Carney Speaks

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The S&P/Case-Shiller home price index is expected to rise by 5.7% in November, after a 5.5% gain in October.

The U.S. consumer confidence is expected to remain unchanged at 96.5 in January.

The preliminary U.S. services PMI is expected to fall to 54.0 in January from 54.3 in December.

The euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone.

Speculation that the European Central Bank (ECB) will add further stimulus measures in March weighs on the currency pair.

The British pound traded mixed against the U.S. dollar on comments by the Bank of England (BoE) Governor Mark Carney. He said before the Treasury Select Committee on Tuesday that conditions for an interest rate hike were not met yet.

The Swiss franc traded lower against the U.S. dollar. The Swiss Federal Customs Administration released its trade data on Tuesday. The Swiss trade surplus fell to CHF2.54 billion in December from CHF3.16 billion in the previous month. October's figure was revised up from a surplus of CHF3.14 billion.

Exports dropped 1.q% year-on-year in December, while imports were down 6.3% year-on-year.

In 2015 as whole, the Swiss foreign trade surplus climbed to CHF36.61 billion from CHF29.75 billion in 2014.

Exports dropped 0.7% in 2015, while imports declined 0.5%.

EUR/USD: the currency pair fell to $1.0817

GBP/USD: the currency pair rose to $1.4266

USD/JPY: the currency pair increased to Y118.48

The most important news that are expected (GMT0):

14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y November 5.5% 5.7%

14:45 U.S. Services PMI (Preliminary) January 54.3 54

15:00 U.S. Consumer confidence January 96.5 96.5

15:00 U.S. Richmond Fed Manufacturing Index January 6 3

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