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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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28.04.2016, 12:16

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)

01:30 Australia Export Price Index, q/q Quarter I -5.4% -4.7%

01:30 Australia Import Price Index, q/q Quarter I -0.3% -3.0%

03:00 Japan BoJ Interest Rate Decision -0.1% -0.1%

03:00 Japan BoJ Monetary Policy Statement

03:00 Japan Bank of Japan Monetary Base Target 275 275

05:00 Japan Construction Orders, y/y March -12.4% 19.8%

05:00 Japan Housing Starts, y/y March 7.8% -1.3% 8.4%

06:00 United Kingdom Nationwide house price index April 0.8% 0.4% 0.2%

06:00 United Kingdom Nationwide house price index, y/y April 5.7% 5% 4.9%

06:30 Japan BOJ Press Conference

07:55 Germany Unemployment Rate s.a. April 6.2% 6.2% 6.2%

07:55 Germany Unemployment Change April -3 0 -16

09:00 Eurozone Economic sentiment index April 103 103.4 103.9

09:00 Eurozone Consumer Confidence (Finally) April -9.7 -9.3 -9.3

09:00 Eurozone Business climate indicator April 0.12 Revised From 0.11 0.14 0.13

09:00 Eurozone Industrial confidence April -4.2 -4 -3.7

12:00 Germany CPI, m/m (Preliminary) April 0.8% -0.2% -0.2%

12:00 Germany CPI, y/y (Preliminary) April 0.3% 0.1% 0.1%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic later in the day. The U.S. preliminary GDP is expected to rise 0.6% in first quarter, after a 1.4% growth in the fourth quarter.

The number of initial jobless claims in the U.S. is expected to rise by 13,000 to 260,000 last week.

The euro traded mixed against the U.S. dollar after the release of the mixed economic data from the Eurozone. Destatis released its consumer price data for Germany on Thursday. German preliminary consumer price index decreased 0.2% in April, in line with expectations, after a 0.8% gain in March.

On a yearly basis, German preliminary consumer price index fell to 0.1% in April from 0.3% in March, in line with expectations.

The European Commission released its economic sentiment index for the Eurozone on Thursday. The index rose to 103.9 in April from 103.0 in March. Analysts had expected the index to increase to 103.4.

The drop was driven by improvements in confidence among consumers and in all business sectors except retail trade.

The industrial confidence index increased to -3.7 in April from -4.2 in March, beating expectations for a rise to -4.0.

The final consumer confidence index was up to -9.3 in April from -9.7 in March, in line with expectations.

The business climate index increased to 0.13 in April from 0.12 in March. March's figure was revised up from 0.12. Analysts had expected the index to climb to 0.14.

The rise in business climate index was driven by a more favourable managers' assessment of production expectations, and of the stocks of finished products and export order books.

The Federal Labour Agency released its unemployment figures for Germany on Thursday. The number of unemployed people in Germany slid by 16,000 in April, beating expectations for a flat reading, after a 3,000 decrease in March.

The unemployment rate remained unchanged at 6.2% in April, in line with expectations.

The number of unemployed people was 1.80 million in March, down from 1.82 million in February, according to Destatis.

Destatis said that Germany's adjusted unemployment rate declined to 4.2% in March from 4.3% in February.

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

The Nationwide Building Society released its house prices data for the U.K. on Thursday. UK house prices were up 0.2% in April, missing expectations for a 0.4% rise, after a 0.8% increase in March.

On a yearly basis, house prices fell to 4.9% in April from 5.7% in March. Analysts had expected house prices to decline by 5.0%.

"This slowdown returns the annual pace of house price growth to the fairly narrow range between 3% and 5% that had been prevailing since the summer of 2015," Nationwide's Chief Economist, Robert Gardner, said.

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):

12:30 U.S. Continuing Jobless Claims April 2137 2137

12:30 U.S. PCE price index ex food, energy, q/q (Preliminary) Quarter I 1.3% 1.9%

12:30 U.S. PCE price index, q/q (Preliminary) Quarter I 0.3% 0.2%

12:30 U.S. Initial Jobless Claims April 247 260

12:30 U.S. GDP, q/q (Preliminary) Quarter I 1.4% 0.6%

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