Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Trade Balance November -0.88 Revised From -1.32 -1.59 -0.93
01:45 China HSBC Services PMI December 53.0 53.4
08:48 France Services PMI (Finally) December 49.8 49.8 50.6
08:53 Germany Services PMI (Finally) December 51.4 51.4 52.1
08:58 Eurozone Services PMI (Finally) December 51.9 51.9 51.6
09:30 United Kingdom Purchasing Manager Index Services December 58.6 58.9 55.8
09:30 United Kingdom BOE Credit Conditions Survey Quarter IV
The U.S. dollar traded lower against the most major currencies. The greenback was supported by concerns over the economy in the Eurozone and political uncertainty in Greece. Yesterday's inflation data from the Eurozone showed that German preliminary consumer price index decreased to 0.2% in December from 0.6% in November, missing forecasts for a decline to 0.4%. That was the lowest level since October 2009.
There is also speculation that Greece could leave the Eurozone. Greeks will elect new parliament later this month. If a left-wing government wins Greek parliament elections, it may cancel austerity measures and may renegotiate Greece's debt.
The New Zealand dollar rose against the U.S. dollar in the absence of any major market reports from New Zealand.
The Australian dollar increased against the U.S. dollar after the better-than-expected Australian trade data. Australia's trade deficit widened to A$0.93 billion in November from A$0.88 billion in October. October's figure was revised up from a deficit of A$1.32 billion. Analysts had expected the trade deficit to increase to A$1.59 billion.
The Japanese yen gained against the U.S. dollar due to increasing demand for safe-haven currency. Japan's monetary base increased 38.2% in December, beating expectations for a 34.3% rise, after a 36.7% gain in November.
EUR/USD: the currency pair rose to $1.1968
GBP/USD: the currency pair increased to $1.5273
USD/JPY: the currency pair fell to Y118.64
The most important news that are expected (GMT0):
13:30 Canada Raw Material Price Index November -4.3% -4.6%
15:00 U.S. ISM Non-Manufacturing December 59.3 58.2
15:00 U.S. Factory Orders November -0.7% -0.3%
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.