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Economic calendar (GMT0):
06:00 Switzerland Trade Balance April 1.99 2.05 2.42
07:15 Switzerland Employment Level Quarter I 4.19 4.21 4.19
08:30 United Kingdom BBA Mortgage Approvals April 45.9 45.2 42.2
The U.S. dollar traded higher against the most major currencies ahead of U.S. economic data. U.S. durable goods orders should decline 0.4% in April, from a 2.9% rise in March. U.S. durable goods orders excluding transportation should climb 0.2% in April, from a 2.4% gain in March.
S&P/Case-Shiller home price indices in the U.S. should rise 11.9% in March, from a 12.9% increase in February.
U.S. consumer confidence should climb to 83.2 in May, from 82.3 in April.
The euro dropped against the U.S. dollar amid the speech of the European Central Bank President Mario Draghi.
The British pound declined against the U.S. dollar after the release of U.K. mortgage approvals. U.K. mortgage approvals climbed by 42,200 in April, missing expectations for a 45,200 gain. March’s figure was revised down to a 45,000 rise from a previously estimated 45,900 increase.
The Swiss franc traded lower against the U.S. dollar. Switzerland's trade surplus rose to 2.425 billion Swiss francs in April, from 1.996 billion Swiss francs in March. March’s figure was revised down from a previously estimated surplus of 2.050 billion Swiss francs. Analysts had expected the trade surplus to climb to 2.052 billion Swiss francs.
The number of employed people in Switzerland remained unchanged at 4.190 million in the first quarter. Analysts had forecasted an increase to 4.210 million.
EUR/USD: the currency pair declined to $1.3635
GBP/USD: the currency pair dropped to $1.681
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 U.S. Durable Goods Orders April +2.9% -0.4%
12:30 U.S. Durable Goods Orders ex Transportation April +2.4% +0.2%
12:30 U.S. Durable goods orders ex defense April +1.8%
13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y March +12.9% +11.9%
13:30 Eurozone ECB President Mario Draghi Speaks
13:43 U.S. Services PMI (Preliminary) April 55.0 55.6
14:00 U.S. Richmond Fed Manufacturing Index May 7 5
14:00 U.S. Consumer confidence May 82.3 83.2
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