Economic calendar (GMT0):

06:00    Germany                            Gfk Consumer Confidence Survey         May            8.5         8.5          8.5

08:00    Eurozone                           M3 money supply, adjusted y/y            March        +1.3%  +1.4%   +1.1%

08:30    United Kingdom                  GDP, q/q (Preliminary)                         Quarter I    +0.7%  +0.9%   +0.8%

08:30    United Kingdom                  GDP, y/y (Preliminary)                         Quarter I     +2.7%  +3.2%   +3.1%

12:00    Germany                              CPI, m/m (Preliminary)                              April            +0.3%     -0.1%    -0.2%

12:00    Germany                              CPI, y/y (Preliminary)                                April             +1.0%    +1.3%   +1.1%

The euro traded mixed against the U.S. dollar. M3 money supply in the Eurozone increased 1.1% in March (February: 1.3%). Analysts forecasted the rise of 1.4%.

The U.S. dollar traded mixed against the most major currencies ahead the publication of S&P/Case-Shiller home price indices and U.S. consumer confidence figures.

The British pound traded mixed against the U.S. dollar. The UK economy is continuing to grow, but the growth was weaker than expected. The GDP was up 0.8% in the first quarter. The annual rate of growth increased to 3.1%. It is fastest rate of annual growth since the fourth quarter of 2007. The projected quarterly rate was 0.9% and an annual growth of 3.2%.

The Japanese yen dropped against the most major currency due to the falling demand for the safe-haven currency.

The Canadian dollar climbed against most major currencies.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair has reached Y102.78

USD/CAD: the currency pair has reached $1.0964

The most important news that are expected (GMT0):

13:00    U.S.                                   S&P/Case-Shiller Home Price Indices, y/y       March   +13.2% +12.9%

14:00    United Kingdom                 BOE Deputy Governor Andrew Bailey Speaks                                                

14:00    U.S.                                   Consumer confidence                                    April      82.3      82.9     

19:30    Canada                              BOC Gov Stephen Poloz Speaks                                                            

22:45    New Zealand                      Building Permits, m/m                                    March   -1.7%                 

23:05    United Kingdom                 Gfk Consumer Confidence                              April      -5           -4          

23:15    Japan                                Manufacturing PMI                                          April      53.9                    

23:50    Japan                                Industrial Production (MoM) (Preliminary)        March   -2.3%   +0.6% 

23:50    Japan                                Industrial Production (YoY) (Preliminary)         March   +7.0%