• Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the better-than-expected German industrial production figures

Market news

9 April 2015

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the better-than-expected German industrial production figures

Economic calendar (GMT0):

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

05:00 Japan BoJ monthly economic report

06:00 Germany Industrial Production s.a. (MoM) February -0.4% Revised From 0.6% 0.1% 0.2%

06:00 Germany Industrial Production (YoY) February 0.9% -0.3%

06:00 Japan Prelim Machine Tool Orders, y/y March 28.9% 14.6%

07:00 United Kingdom Halifax house price index March -0.4% 0.4%

07:00 United Kingdom Halifax house price index 3m Y/Y March 8.3% 8.1%

08:30 United Kingdom Total Trade Balance February -1.53 Revised From -0.62 -2.85

08:30 United Kingdom Trade in goods February -9.2 Revised From -8.4 -9.1 -10.3

11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.5%

11:00 United Kingdom Asset Purchase Facility 375 375 375

11:00 United Kingdom MPC Rate Statement

The U.S. dollar traded mixed against the most major currencies ahead of the number of initial jobless claims from the U.S. The number of initial jobless claims in the U.S. is expected to rise by 3,000 to 271,000.

The euro traded mixed against the U.S. dollar after the better-than-expected German industrial production figures. German industrial production increased 0.2% in February, exceeding expectations for a 0.1% rise, after a 0.4% decline in January. January's figure was revised down from a 0.6% increase.

Concerns over Greece's debt problems continue to weigh on the euro. Greece repaid the International Monetary Fund (IMF) tranche of 448 million euros today.

The British pound traded lower against the U.S. dollar. The Bank of England kept its monetary policy unchanged today.

The U.K. trade deficit in goods widened to £10.3 billion in February from £9.2 billion in January, missing expectations for a deficit of £9.1 billion. January's figure was revised down from a deficit of £8.4 billion.

The increase of the deficit was driven by a decline in exports of goods to countries outside the European Union.

The U.K. Halifax house price index climbed 0.4% in March, after a 0.4% decline in February. February's figure was revised down from a 0.3% decrease.

The Canadian dollar traded higher against the U.S. dollar ahead of the Canadian housing market data. Building permits in Canada are expected to climb 5.1% in February, after a 12.9% drop in January.

Canada's new housing price index is expected to rise 0.1% in February, after a 0.1% decline in January.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair decreased to $1.4763

USD/JPY: the currency pair fell to Y119.89

The most important news that are expected (GMT0):

12:30 Canada Building Permits (MoM) February -12.9% 5.1%

12:30 Canada New Housing Price Index, MoM February -0.1% 0.1%

12:30 Canada New Housing Price Index, YoY March 1.4%

12:30 U.S. Initial Jobless Claims April 268 271

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