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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Gross Domestic Product (YoY) Quarter IV +2.7% +2.5% +2.5%
00:30 Australia Gross Domestic Product (QoQ) Quarter IV +0.4% Revised From +0.3% +0.5% +0.5%
01:15 U.S. Fed Chairman Janet Yellen Speaks
01:45 China HSBC Services PMI February 51.8 52.0
08:50 France Services PMI (Finally) February 53.4 53.4 53.4
08:55 Germany Services PMI (Finally) February 55.5 55.5 54.7
09:00 Eurozone Services PMI (Finally) February 53.9 53.9 53.7
09:30 United Kingdom Purchasing Manager Index Services February 57.2 57.6 56.7
10:00 Eurozone Retail Sales (MoM) January +0.4% Revised From +0.3% +0.2% +1.1%
10:00 Eurozone Retail Sales (YoY) January +3.1% Revised From +2.8% +3.7%
The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The U.S. economy is expected to add 219,000 jobs in February, according to the ADP employment report.
The ISM non-manufacturing purchasing managers' index is expected to decrease to 56.5 in February from 56.7 in January.
The euro dropped against the U.S. dollar after the mixed economic data from the Eurozone. Retail sales in the Eurozone rose 1.1% in January, beating expectations for a 0.2% increase, after a 0.4% gain in December. December's figure was revised up from a 0.3% rise.
On a yearly basis, retail sales in the Eurozone surged 3.7% in January, after a 3.1% increase in December. December's figure was revised up from a 2.8% gain.
Eurozone' final services purchasing managers' index (PMI) fell to 53.7 in February from a preliminary reading of 53.9. Analysts had expected the final index to remain unchanged at 53.9.
Germany's final services PMI declined to 54.7 in February from a preliminary reading of 55.5. Analysts had expected the final index to remain unchanged at 55.5.
France's final services PMI remained unchanged at 53.4 in February, in line with expectations.
The British pound traded lower against the U.S. dollar after the weaker-than-expected services data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's services purchasing managers' index (PMI) for the U.K. decreased to 56.7 in February from 57.2 in January, missing expectations for a rise to 57.6.
The Canadian dollar traded lower against the U.S. dollar ahead of Bank of Canada's interest rate decision. Analysts expect the Bank of Canada to keep unchanged its interest rate at 0.75%.
EUR/USD: the currency pair declined to $1.1115
GBP/USD: the currency pair fell to $1.5324
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:15 U.S. ADP Employment Report February 213 219
14:00 U.S. FOMC Member Charles Evans Speaks
15:00 Canada Bank of Canada Rate 0.75% 0.75%
15:00 Canada BOC Rate Statement
15:00 U.S. ISM Non-Manufacturing February 56.7 56.5
15:30 U.S. Crude Oil Inventories February +8.4
19:00 U.S. Fed's Beige Book
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