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05.01.2015 13:09

Foreign exchange market. European session: the British pound fell against the U.S. dollar after the weaker-than-expected construction data from the U.K.

Economic calendar (GMT0):

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

01:35 Japan Manufacturing PMI (Finally) December 52.1 52.0

08:30 Switzerland Manufacturing PMI December 52.1 52.9 54.0

09:30 Eurozone Sentix Investor Confidence January -2.5 -0.9 0.9

09:30 United Kingdom PMI Construction December 59.4 59.2 57.6

13:00 Germany CPI, m/m (Preliminary) December 0.0% +0.1% 0.0%

13:00 Germany CPI, y/y (Preliminary) December +0.6% +0.4% 0.2%

The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by expectation that the Fed will start to hike its interest rate this year.

There will be released no major economic reports in the U.S. today.

The euro declined against the U.S. dollar due to speculation on quantitative easing measures by the European Central Bank and political uncertainty in Greece. There is speculation that Greece could leave the Eurozone. Greeks will elect new parliament later this month.

German preliminary consumer price index remained flat in December, missing expectations for a 0.1% gain.

On a yearly basis, German preliminary consumer price index decreased to 0.2% in December from 0.6% in November, missing forecasts for a decline to 0.4%.

The Sentix investor confidence index for the Eurozone increased to 0.9 in January from -2.5 in December. Analysts had expected the index to climb to -0.9.

The British pound fell against the U.S. dollar after the weaker-than-expected construction data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. fell to 57.6 in December from 59.4 in November, missing expectations for a decline to 59.2. The U.K. construction sector expanded at the slowest pace in 17 months.

The Swiss franc traded lower against the U.S. dollar. The manufacturing purchasing managers' index in Switzerland rose to 54.0 in December from 52.1 in November, exceeding expectations for a rise to 52.9.

EUR/USD: the currency pair dropped to $1.1886

GBP/USD: the currency pair fell to $1.5203

USD/JPY: the currency pair rose to Y120.02

The most important news that are expected (GMT0):

19:30 U.S. Total Vehicle Sales, mln December 17.2 16.9

23:50 Japan Monetary Base, y/y December +36.7% +34.3%

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