Economic calendar (GMT0):

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

01:30 Australia Retail Sales, M/M July 0.6% Revised From 0.7% 0.4% -0.1%

01:30 Australia Trade Balance July -3.05 Revised From -2.93 -3.1 -2.46

07:50 France Services PMI (Finally) August 52 51.8 50.6

07:55 Germany Services PMI (Finally) August 53.8 53.6 54.9

08:00 Eurozone Services PMI (Finally) August 54 54.3 54.4

08:30 United Kingdom Purchasing Manager Index Services August 57.4 57.6 55.6

09:00 Eurozone Retail Sales (MoM) July -0.2% Revised From -0.6% 0.6% 0.4%

09:00 Eurozone Retail Sales (YoY) July 1.7% Revised From 1.2% 2% 2.7%

11:45 Eurozone ECB Interest Rate Decision 0.05% 0.05% 0.05%

The U.S. dollar traded mixed to lower against the most major currencies ahead the release of the U.S. economic data. The U.S. trade deficit is expected to narrow to $42.4 billion in July from $43.84 billion in June.

The ISM non-manufacturing purchasing managers' index is expected to decline to 58.1 in August from 60.3 in July.

The number of initial jobless claims in the U.S. is expected to increase by 4,000 to 275,000 last week.

The euro traded mixed against the U.S. dollar after the European Central Bank's (ECB) interest rate decision. The central bank kept its interest rate unchanged at 0.05%.

The ECB's press conference is scheduled to be at 12:30 GMT.

Meanwhile, the economic from the Eurozone was mostly positive. Retail sales in the Eurozone rose 0.4% in July, missing expectations for a 0.6% rise, after a 0.2% decrease in June. June's figure was revised up from a 0.6% drop.

The increase was driven by higher gasoline sales, which rose 0.8% in July.

On a yearly basis, retail sales in the Eurozone climbed 2.7% in July, exceeding forecasts of a 2.0% gain, after a 1.7% increase in June. June's figure was revised up from a 1.2% rise.

The annual rise was driven by non-food sales, gasoline sales, and food, drinks and tobacco and non-food sales.

Markit Economics released final services purchasing managers' index (PMI) for the Eurozone on Thursday. Eurozone's final services purchasing managers' index (PMI) increased to 54.4 in August from 54.0 in July, up from the preliminary reading of 54.3.

The index was driven by rises in new business and business activity.

The British pound traded mixed against the U.S. dollar after the weaker-than-expected services PMI from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's services purchasing managers' index (PMI) for the U.K. fell to 55.6 in August from 57.4 in July, missing expectations for a rise to 57.6. It was the lowest level since May 2013.

The decline was partly driven by a slower growth in business since April 2013.

The Canadian dollar traded mixed against the U.S. dollar ahead the Canadian trade data. The Canadian trade deficit is expected to widen to C$1.3 billion in July from C$0.48 billion in June.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair fell to Y120.13

The most important news that are expected (GMT0):

12:30 Eurozone ECB Press Conference

12:30 Canada Trade balance, billions July -0.48 -1.3

12:30 U.S. International Trade, bln July -43.84 -42.4

12:30 U.S. Initial Jobless Claims August 271 275

13:45 U.S. Services PMI (Finally) August 55.7 55.2

14:00 U.S. ISM Non-Manufacturing August 60.3 58.1