Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 New Zealand ANZ Business Confidence December 31.5 30.4
00:05 United Kingdom Gfk Consumer Confidence December -2 -1 -4
02:00 New Zealand Credit Card Spending November +6.7% +5.2%
03:00 Japan Bank of Japan Monetary Base Target 275 275 275
03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%
03:00 Japan BoJ Monetary Policy Statement
04:30 Japan All Industry Activity Index, m/m October +1.0% +0.2% -0.1%
06:30 Japan BOJ Press Conference
07:00 Germany Producer Price Index (MoM) November -0.2% -0.2% 0.0%
07:00 Germany Producer Price Index (YoY) November -1.0% -1.1% -0.9%
07:00 Germany Gfk Consumer Confidence Survey January 8.7 8.9 9.0
09:00 Eurozone Current account, adjusted, bln October 32.0 Revised From 30.0 27.8 20.5
09:00 Eurozone EU Economic Summit
09:30 United Kingdom PSNB, bln November 6.4 Revised From 7.1 14.8 13.4
11:00 United Kingdom CBI retail sales volume balance December 27 30 61
The U.S. dollar traded mixed to higher against the most major currencies. The greenback remained supported by Fed's interest rate decision released yesterday. The Fed kept its interest rate unchanged and said it will be "patient" before to raise its interest rate.
There will be released no major economic reports in the U.S. today.
The euro traded mixed against the U.S. dollar after the mixed economic data from the Eurozone. The Gfk German consumer confidence index increased to 9.0 in January from 8.7 in December, beating forecasts for a rise to 8.9.
Eurozone's adjusted current account surplus dropped to €20.5 billion in October from €32.0 billion in September. September's figure was revised up from a surplus of €30.0 billion. Analysts had expected a surplus of €27.8 billion.
The British pound traded mixed against the U.S. dollar despite the better-than-expected data from the U.K. The Confederation of British Industry released its monthly Distributive Trades survey today. The CBI retail sales balance jumped to 61% in December from 27% in November, exceeding expectations for an increase to 30%. That was the highest level since January 1988.
The public sector net borrowing in the U.K. rose to £13.4 billion in November from £6.4 billion in October, beating expectations for a gain to £14.8 billion. October's figure was revised up from £7.1 billion.
The Canadian dollar traded lower against the U.S. dollar ahead of the Canadian retail sales and consumer price index data. Canadian retail sales are expected to decrease 0.4% in October, after 0.8% rise in September.
Canadian retail sales excluding automobiles are expected to rise 0.2% in October, after a flat reading in September.
The consumer price index in Canada is expected to decline to an annual rate of 2.3% in November from 2.4% in October.
The core consumer price index in Canada is expected to rise to an annual rate of 2.4% in November from 2.3% in October.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:30 Canada Retail Sales, m/m October +0.8% -0.4%
13:30 Canada Retail Sales ex Autos, m/m October 0.0 +0.2%
13:30 Canada Consumer Price Index m / m November +0.1 -0.2
13:30 Canada Consumer price index, y/y November +2.4% +2.3%
13:30 Canada Bank of Canada Consumer Price Index Core, m/m November +0.3% +0.1%
13:30 Canada Bank of Canada Consumer Price Index Core, y/y November +2.3% +2.4%