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  • Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the release of the economic data from the Eurozone
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25.02.2016, 13:00

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

Economic calendar (GMT0):

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

00:00 U.S. FOMC Member James Bullard Speaks

00:30 Australia Private Capital Expenditure December -8.4% Revised From -9.2% -3% 0.8%

07:00 Germany Gfk Consumer Confidence Survey March 9.4 9.3 9.5

09:00 Eurozone Private Loans, Y/Y January 1.4% 1.5% 1.4%

09:00 Eurozone M3 money supply, adjusted y/y January 4.7% 4.7% 5.0%

09:30 United Kingdom Business Investment, q/q Quarter IV 1.2% Revised From 2.2% 0.9% -2.1%

09:30 United Kingdom Business Investment, y/y Quarter IV 4.5% Revised From 6.6% 2.4%

09:30 United Kingdom GDP, y/y (Revised) Quarter IV 2.1% 1.9% 1.9%

09:30 United Kingdom GDP, q/q (Revised) Quarter IV 0.4% 0.5% 0.5%

10:00 Eurozone Harmonized CPI January 0.0% -1.4% -1.4%

10:00 Eurozone Harmonized CPI, Y/Y (Finally) January 0.2% 0.4% 0.3%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) January 0.9% 1.0% 1%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The number of initial jobless claims in the U.S. is expected to rise by 8,000 to 270,000 last week.

The U.S. durable goods orders are expected to increase 2.9% in January, after a 5.0% drop in December.

The U.S. durable goods orders excluding transportation are expected to climb 0.2% in January, after a 1.2% decline in December.

The euro traded higher against the U.S. dollar after the release of the economic data from the Eurozone. Eurostat released its final consumer price inflation data for the Eurozone on Thursday. Eurozone's harmonized consumer price index dropped 1.4% in January, in line with expectations, after a flat reading in December.

On a yearly basis, Eurozone's final consumer price inflation rose to 0.3% in January from 0.2% in December, down from the preliminary reading of 0.4%.

Restaurants and cafés prices were up 0.10% year-on-year in January, tobacco and vegetables prices rose by 0.06% each, fuel prices for transport declined by 0.28%, heating oil prices decreased by 0.18%, while gas prices were down by 0.11%.

Eurozone's final consumer price inflation excluding food, energy, alcohol and tobacco increased to at an annual rate of 1.0 in January from 0.9% in December, in line with the preliminary reading.

The European Central Bank (ECB) released its M3 money supply figures on Thursday. M3 money supply rose 5.0% in January from last year, exceeding expectations for a 4.7% gain, after a 4.7 % increase in December.

Loans to the private sector in the Eurozone climbed 1.4% in January from the last year, missing expectations for a 1.5% rise, after a 1.4% gain in December.

The British pound traded higher against the U.S. dollar after the release of the revised U.K. GDP data. The Office for National Statistics (ONS) released its revised gross domestic product (GDP) data on Thursday. The revised U.K. GDP expanded at 0.5% in the fourth quarter, in line with the preliminary reading, after a 0.4% rise in the third quarter.

The growth was driven by a rise in household spending. Household spending rose 0.7% in the fourth quarter.

Business investment slid 2.1% in the fourth quarter.

On a yearly basis, the revised U.K. GDP rose 1.9% in the fourth quarter, in line with the preliminary reading, after a 2.1% gain in the third quarter.

In 2015 as whole, U.K. GDP rose 2.2%, in line with the preliminary reading, after a 2.9% growth in 2014.

EUR/USD: the currency pair increased to $1.1045

GBP/USD: the currency pair rose to $1.3995

USD/JPY: the currency pair was up to Y112.57

The most important news that are expected (GMT0):

13:30 U.S. Initial Jobless Claims February 262 270

13:30 U.S. Durable Goods Orders January -5.0% 2.9%

13:30 U.S. Durable Goods Orders ex Transportation January -1.2% 0.2%

13:30 U.S. Durable goods orders ex defense January -2.9%

14:00 U.S. Housing Price Index, m/m December 0.5% 0.5%

21:45 New Zealand Trade Balance, mln January -53 -246

23:30 Japan Tokyo Consumer Price Index, y/y February -0.3% -0.3%

23:30 Japan Tokyo CPI ex Fresh Food, y/y February -0.1% -0.2%

23:30 Japan National Consumer Price Index, y/y January 0.2% 0.0%

23:30 Japan National CPI Ex-Fresh Food, y/y January 0.1% -0.2%

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