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12.02.2016 13:13

Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the release of the preliminary GDP data from the Eurozone

Economic calendar (GMT0):

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

00:00 China Bank holiday

00:30 Australia Home Loans December 1.9% Revised From 1.8% 3% 2.6%

07:00 Germany CPI, m/m (Finally) January -0.1% -0.8% -0.8%

07:00 Germany CPI, y/y (Finally) January 0.3% 0.5% 0.5%

07:00 Germany GDP (QoQ) (Preliminary) Quarter IV 0.3% 0.3% 0.3%

07:00 Germany GDP (YoY) (Preliminary) Quarter IV 1.7% Revised From 1.8% 2.3% 2.1%

07:45 France Non-Farm Payrolls (Preliminary) Quarter IV 0% 0.1% 0.2%

10:00 Eurozone Industrial production, (MoM) December -0.5% Revised From -0.7% 0.3% -1%

10:00 Eurozone Industrial Production (YoY) December 1.4% Revised From 1.1% 0.8% -1.3%

10:00 Eurozone GDP (QoQ) (Preliminary) Quarter IV 0.3% 0.3% 0.3%

10:00 Eurozone GDP (YoY) (Preliminary) Quarter IV 1.6% 1.5% 1.5%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The U.S. retail sales are expected to rise 0.1% in January, after a 0.1% decline in December.

The U.S. import price index is expected to decline 1.4% in January, after a 1.2% fall in December.

The preliminary Thomson Reuters/University of Michigan consumer sentiment index is expected to remain unchanged at 92 in February.

The euro traded lower against the U.S. dollar after the release of the preliminary GDP data from the Eurozone. Eurostat released its GDP growth figures for the Eurozone on Friday. Eurozone's preliminary gross domestic product (GDP) increased by 0.3% in the fourth quarter, in line with expectations, after a 0.3% gain in the third quarter.

On a yearly basis, Eurozone's preliminary GDP rose by 1.5% in the fourth quarter, in line with expectations, after a 1.6% gain in the third quarter.

Eurostat released no details of the component breakdown of GDP.

In 2015 as whole, GDP increased 1.5%.

According to a separate Eurostat report, industrial production in the Eurozone dropped 1.0% in December, missing expectations for a 0.3% increase, after a 0.5% fall in November. November's figure was revised down from a 0.7% decrease.

On a yearly basis, Eurozone's industrial production fell 1.3% in December, missing expectations for a 0.8% rise, after a 1.4% increase in November. November's figure was revised up from a 1.1% gain.

In 2015 as whole, industrial production climbed 1.4%.

Destatis released its gross domestic product (GDP) growth for Germany on Friday. Germany's preliminary GDP gained by 0.3% in the fourth quarter, in line with expectations, after a 0.3% increase in the third quarter.

The increase was driven by domestic demand and capital formation. General government final consumption expenditure grew faster, while household final consumption expenditure increased slightly.

On a yearly basis, Germany's GDP rose to 2.1% in the fourth quarter from 1.7% in the third quarter, missing expectations for a 2.3% growth. The third's quarter figure was revised down from a 1.8% increase.

In 2015 as whole, the economy expanded 1.7%.

The British pound traded mixed against the U.S. dollar after the release of the U.K. construction output data. The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. climbed 1.5% in December, after a 1.1% drop in November.

The increase was driven by a rise in all new work. All new work increased 2.6% in December, while repair and maintenance fell 0.5%.

On a yearly basis, construction output increased 0.5% in December, after a 0.9% decrease in November.

In 2015 as whole, construction output jumped 3.4%.

EUR/USD: the currency pair fell to $1.1261

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair rose to Y112.86

The most important news that are expected (GMT0):

13:30 U.S. Retail sales January -0.1% 0.1%

13:30 U.S. Retail Sales YoY January 2.2%

13:30 U.S. Import Price Index January -1.2% -1.4%

13:30 U.S. Retail sales excluding auto January -0.1% 0%

15:00 U.S. Business inventories December -0.2% 0.1%

15:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) February 92 92

15:00 U.S. FOMC Member Dudley Speak

12.02.2016 13:00

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