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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 Australia Consumer Inflation Expectation March +4.0% +3.2%
00:01 United Kingdom RICS House Price Balance February 7% 6% 14%
00:30 Australia Changing the number of employed February -14.6 Revised From -12.2 15.3 15.6
00:30 Australia Unemployment rate February 6.4% 6.4% 6.3%
05:00 Japan Consumer Confidence February 39.1 39.9 40.7
07:00 Germany CPI, m/m (Finally) February +0.9% +0.9% +0.9%
07:00 Germany CPI, y/y February +0.1% +0.1% +0.1%
07:45 France CPI, m/m February -1.0% +0.6% +0.7%
07:45 France CPI, y/y February -0.4% -0.3%
09:30 United Kingdom Trade in goods January -9.9 Revised From -10.2 -9.7 -8.4
10:00 Eurozone Industrial production, (MoM) January +0.3% Revised From 0.0% +0.3% -0.1%
10:00 Eurozone Industrial Production (YoY) January +0.6% Revised From -0.2% +1.2%
12:30 Canada New Housing Price Index, MoM January +0.1% +0.2% -0.1%
12:30 U.S. Retail sales February -0.8% +0.5% -0.6%
12:30 U.S. Retail sales excluding auto February -1.1% Revised From -0.9% +0.6% -0.1%
12:30 U.S. Initial Jobless Claims March 325 Revised From 320 317 289
12:30 U.S. Import Price Index February -3.1% Revised From -2.8% +0.2% +0.4%
The U.S. dollar traded lower against the most major currencies after the weaker-than-expected U.S. retail sales. The U.S. retail sales dropped 0.6% in February, missing expectations for a 0.5% increase, after a 0.8% decline in January.
Retail sales excluding automobiles fell 0.1% in February, missing forecasts for a 0.6% rise, after a 1.1% drop in January. January's figure was revised down from a 0.9% decline.
The decline was driven by bad weather.
The number of initial jobless claims in the week ending March 07 in the U.S. fell by 36,000 to 289,000 from 325,000 in the previous week. The previous week's figure was revised down from 320,000. Analysts had expected the number of initial jobless claims to decrease to 317,000.
The U.S. import price index increased by 0.4 percent in February, beating expectations for a 0.2% rise, after a 3.1% drop in January. January's figure was revised down from a 2.8% decrease.
The U.S. business inventories will be released at 14:00 GMT0, and are expected to rise 0.2% in January, after a 0.1% gain in December.
The euro traded higher against the U.S. dollar. Concerns over Greece's further bailout policy and quantitative easing by the European Central Bank (ECB) still weighed on the euro. The ECB had started to purchase government bonds on Monday.
The Eurogroup of euro zone finance ministers continued to discuss proposed Greek economic reforms.
Industrial production in the Eurozone declined 0.1% in January, missing expectations for a 0.3% increase, after a 0.3% rise in December. December's figure was revised up from a flat reading.
On a yearly basis, Eurozone's industrial production rose 1.2% in January, after a 0.6% increase in December. December's figure was revised up from a 0.2 decrease.
The British pound traded higher against the U.S. dollar after the better-than-expected trade data from the U.K. The U.K. trade deficit in goods narrowed to £8.4 billion in January from £9.9 billion in December, beating expectations for a deficit of £9.7 billion. That was the lowest level since March 2014.
December's figure was revised up from a deficit of £10.2 billion.
The decline was driven by higher service exports and lower oil imports.
Exports fell by £1 billion, while imports declined by £2.5 billion. The decline in imports was the largest monthly decline since July 2006.
The Canadian dollar traded higher against the U.S. dollar despite the weaker-than-expected Canadian new housing price index. New housing price index in Canada fell 0.1% in January, missing expectations for a 0.2% gain, after a 0.1% increase in December.
EUR/USD: the currency pair rose to $1.0683
GBP/USD: the currency pair increased to $1.5021
USD/JPY: the currency pair fell to Y120.65
The most important news that are expected (GMT0):
14:00 U.S. Business inventories January +0.1% +0.2%
21:30 New Zealand Business NZ PMI February 50.9
|remaining time till the new event being published|
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