Economic calendar (GMT0):

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

01:00 Japan BOJ Governor Haruhiko Kuroda Speaks

02:00 China Leading Index October +0.9% +0.9%

02:00 New Zealand RBNZ Inflation Expectations q/q Quarter IV +2.2% +2.1%

04:45 Japan BOJ Governor Haruhiko Kuroda Speaks

07:00 Germany GDP (QoQ) (Finally) Quarter III +0.1% +0.1% +0.1%

07:00 Germany GDP (YoY) (Finally) Quarter III +1.4% +1.2% +1.2%

The U.S. dollar steadied against the euro after good data on German business sentiment improving for the first time after six successive months of declines giving indication that Eurozone's largest economy finally may end its downturn. Today investors are awaiting U.S. data on GDP, housing prices and a consumer confidence report.

The Australian dollar was trading lower erasing almost all of its recent gains amid falling iron ore prices weighing on Australia's economy. Markets await RBA Assistant Governors Lowe's speech scheduled for 09:05 GMT.

The New Zealand dollar fell against its major peers after data on expectations for inflation fell to 2.1% from 2.3% in the previous quarter.

The Japanese yen recovered against the U.S. dollar after reaching lows at USD118.98 on Thursday last week. On Friday Japan's Finance Minister Taro Aso said that the Japanese yen has fallen too quickly. In today's speech Bank of Japan Governor Haruhiko Kuroda said that Japan's economy will reach the targeted 2% of inflation in or around the fiscal year starting in April 2015 and that the recent fall of the yen is positive for exporters but hurts households.

EUR/USD: the euro steadied against the greenback

USD/JPY: the U.S. dollar declined against the Japanese yen

GPB/USD: The British pound traded weaker against the U.S. dollar

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

09:05 Australia RBA Assist Gov Lowe Speaks

09:30 United Kingdom BBA Mortgage Approvals October 39.3 38.5

13:30 Canada Retail Sales, m/m October -0.3% +0.6%

13:30 Canada Retail Sales ex Autos, m/m October -0.3% +0.4%

13:30 U.S. PCE price index, q/q Quarter III +1.2%

13:30 U.S. PCE price index ex food, energy, q/q Quarter III +1.3%

13:30 U.S. GDP, q/q (Revised) Quarter III +3.5% +3.3%

14:00 U.S. Housing Price Index, m/m September +0.5%

14:00 U.S. Housing Price Index, y/y September +4.8%

14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y September +5.6% +4.7%

15:00 U.S. Richmond Fed Manufacturing Index November 20 17

15:00 U.S. Consumer confidence November 94.5 95.9

21:30 U.S. API Crude Oil Inventories November +3.7