Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
02:00 China Industrial Production y/y September 6.1% 6% 5.7%
02:00 China Retail Sales y/y September 10.8% 10.8% 10.9%
02:00 China Fixed Asset Investment August 10.9% 10.8% 10.3%
02:00 China GDP y/y Quarter III 7.0% 6.8% 6.9%
09:00 Eurozone Construction Output, y/y August -0.3% Revised From 1.8% -6.0%
10:00 Germany Bundesbank Monthly Report
The U.S. dollar traded higher against the most major currencies ahead of the release of the U.S. NAHB housing market index data. The NAHB housing market index is expected to remain unchanged at 62 in October.
The FOMC member Lacker will speak at 16:00 GMT.
The euro traded lower against the U.S. dollar on the weak economic data from the Eurozone. The Eurostat released its construction production data for the Eurozone on Monday. Construction production in the Eurozone decreased 0.2% in August, after a 0.4% rise in July.
Civil engineering output fell 0.3% in August, while production in the building sector was down 0.2%.
On a yearly basis, construction output dropped 6.0% in August, after a 0.3% decline in July. July's figure was revised down from a 1.8% gain.
Civil engineering output plunged 5.5% year-on-year in August, while production in the building sector slid 6.3% year-on-year.
The European Central Bank (ECB) Governing Council Member Ewald Nowotny said in an interview with the Polish newspaper Rzeczpospolita on Monday that additional measures, including structural reforms and fiscal policy changes, are needed to boost the economic growth in the Eurozone.
In an interview with Polish daily Puls Biznesu, Nowotny said on Monday that it is too early to talk about the adjustments of the central bank's asset-buying programme.
The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K.
EUR/USD: the currency pair fell to $1.1307
GBP/USD: the currency pair increased to $1.5494
USD/JPY: the currency pair rose to Y119.53
The most important news that are expected (GMT0):
14:00 U.S. NAHB Housing Market Index October 62 62
16:00 U.S. FOMC Member Laсker Speaks
|remaining time till the new event being published|