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  • Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the mixed economic data from the Eurozone
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05.02.2016, 13:16

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the mixed economic data from the Eurozone

Economic calendar (GMT0):

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

00:30 Australia Retail Sales, M/M December 0.4% 0.5% 0.0%

00:30 Australia RBA Monetary Policy Statement

05:00 Japan Leading Economic Index (Preliminary) December 103.2 Revised From 103.5 102.8 102.0

05:00 Japan Coincident Index (Preliminary) December 111.9 111.2

07:00 Germany Factory Orders s.a. (MoM) December 1.5% -0.5% -0.7%

07:45 France Trade Balance, bln December -4.53 Revised From -4.63 -4.4 -3.94

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 5.0% in January. The U.S. economy is expected to add 190,000 jobs in January, after adding 292,000 jobs in December.

The U.S. trade deficit is expected to widen to $43.0 billion in December from $42.37 billion in November.

The euro traded mixed against the U.S. dollar after the release of the mixed economic data from the Eurozone. Destatis released its factory orders data for Germany on Friday. German seasonal adjusted factory orders declined 0.7% in December, missing expectations for a 0.5% decrease, after a 1.5% rise in November.

The drop was driven by a decrease in domestic orders. Foreign orders increased by 0.6% in December, while domestic orders dropped by 2.5%.

New orders from the Eurozone declined 6.9% in December, while orders from other countries climbed 5.5%.

Orders of the intermediate goods decreased by 2.0% in December, capital goods orders were down 0.5%, while consumer goods orders climbed 4.3%.

According to the French Customs, France's trade deficit narrowed to €3.94 billion in December from €4.53 billion in November, exceeding expectations for a decline to a deficit of €4.4 billion. November's figure was revised up from a deficit of €4.63 billion.

Exports declined 0.9% in December, while imports dropped 2.2%.

On a yearly basis, exports rose 1.8% in December, while imports gained 2.9%.

In 2015 as whole, the trade deficit fell to €45.7 billion from €58.3 billion in 2014.

The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian economic data. The unemployment rate in Canada is expected to remain unchanged at 7.1% in January.

Canada's economy is expected to add 5,500 jobs in January.

The Canadian trade deficit is expected to widen to C$2.2 billion in December from C$1.99 billion in November.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:30 Canada Trade balance, billions December -1.99 -2.2

13:30 Canada Unemployment rate January 7.1% 7.1%

13:30 Canada Employment January 22.8 5.5

13:30 U.S. Average hourly earnings January 0% 0.3%

13:30 U.S. Average workweek January 34.5 34.5

13:30 U.S. International Trade, bln December -42.37 -43

13:30 U.S. Unemployment Rate January 5% 5%

13:30 U.S. Nonfarm Payrolls January 292 190

15:00 Canada Ivey Purchasing Managers Index January 49.9 50

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