Economic calendar (GMT0):

03:00 Australia RBA Assist Gov Lowe Speaks

06:00 Germany Gfk Consumer Confidence Survey July 8.5 8.6 8.9

06:00 Switzerland UBS Consumption Indicator May 1.72 1.77

10:00 United Kingdom CBI retail sales volume balance June 16 25 4

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. durable goods orders and gross domestic product (GDP). The U.S. durable goods orders should decline 0.1% in May, after a 0.6% fall in April.

The U.S. GDP should drop 1.7% in the first quarter, after a 1.0% decline the previous quarter.

The euro traded mixed against the U.S. dollar. The Gfk consumer climate index is expected to increase to 8.9 in July from 8.6 in June. June's figure was revised up from 8.5. Analysts had expected the index to rise to 8.6.

The British pound traded lower against the U.S. dollar due to yesterday's Bank of England Governor Mark Carney comments. He said that the interest rate hike will be driven by the U.K. economic data. He also said that wages in the U.K. are softer than expected by the BoE. These comments by Mark Carney could mean there is no need to hike interest rate.

The Confederation of Business Industry released retail sales for the U.K. The CBI retail sales volume balance dropped to +4 in June from +16 in May. That was the lowest level since November 2013. Analysts had expected an increase to +25.

The Swiss franc traded mixed against the U.S. dollar. The UBS consumption indicator for Switzerland climbed to 1.77 points in May from a revised 1.68 points in April.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair decreased to $1.6951

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30 U.S. Durable Goods Orders May -0.6% -0.1%

12:30 U.S. Durable Goods Orders ex Transportation May +0.3% +0.3%

12:30 U.S. Durable goods orders ex defense May -0.8%

12:30 U.S. PCE price index, q/q (Finally) Quarter I +1.3% +1.3%

12:30 U.S. PCE price index ex food, energy, q/q (Finally) Quarter I +3.1% +3.1%

12:30 U.S. GDP, q/q (Finally) Quarter I -1.0% -1.7%