Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Unemployment rate September 6.0% Revised From 6.1% 6.2% 6.1%
00:30 Australia Changing the number of employed September +32.1 Revised From +121.0 -29.6 -29.7
06:00 Germany Current Account August 20.1 Revised From 21.7 10.3
06:00 Germany Trade Balance August 22.2 18.4 17.5
06:00 Japan Prelim Machine Tool Orders, y/y September +35.5% +34.8%
06:45 France Trade Balance, bln August -5.5 -5.7 -5.8
08:00 Eurozone ECB Monthly Report
11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%
11:00 United Kingdom Asset Purchase Facility 375 375 375
11:00 United Kingdom MPC Rate Statement
The U.S. dollar traded mixed to lower against the most major currencies. The Fed's minutes still weighed on the greenback. The Fed released its minutes from the latest meeting yesterday. A tone of the Fed's minutes was dovish.
Some FOMC member expressed concern about the global slowdown and about the impact of a stronger U.S. dollar.
Most FOMC members said that interest rate hike will depend on depend on data and not a calendar date.
The number of initial jobless claims in the U.S. is expected to rise by 4,000 to 291,000.
The euro traded mixed against the U.S. dollar after the disappointing economic data from Germany and France. Germany's trade surplus fell to €17.5 billion in August from €22.2 billion in July, missing expectations for a decline to €18.4 billion.
German exports dropped 5.8% in August. That was the biggest decline since January 2009.
France's trade deficit widened to €5.8 billion in August from €5.5 billion in July, missing expectations for an increase to €5.7 billion.
The British pound traded higher against the U.S. dollar after the Bank of England's interest rate decision. The Bank of England kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion.
The Canadian dollar traded mixed ahead of the Canadian new housing price index. New housing price index is expected to climb 0.2% in August, after a flat reading in July.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair rose to $1.6225
USD/JPY: the currency pair fell to Y107.52
The most important news that are expected (GMT0):
12:30 Canada New Housing Price Index August 0.0% +0.2%
12:30 U.S. Initial Jobless Claims September 287 291
15:00 Eurozone ECB President Mario Draghi Speaks
23:50 Japan Monetary Policy Meeting Minutes
23:50 Japan Tertiary Industry Index August 0.0% +0.2%