Economic calendar (GMT0):

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

02:00 China Leading Index January +1.1% +0.9%

06:30 France GDP, q/q (Preliminary) Quarter IV +0.3% +0.1% +0.1%

06:30 France GDP, Y/Y (Preliminary) Quarter IV +0.4% +0.2%

07:00 Germany GDP (QoQ) (Preliminary) Quarter IV +0.1% +0.3% +0.7%

07:00 Germany GDP (YoY) (Preliminary) Quarter IV +1.2% +1.0% +1.6%

07:45 France Non-Farm Payrolls (Preliminary) Quarter IV -0.2% -0.1% 0.0%

08:15 Switzerland Producer & Import Prices, m/m January -0.4% -0.6% -0.6%

08:15 Switzerland Producer & Import Prices, y/y January -2.1% -1.5% -2.7%

10:00 Eurozone GDP (QoQ) (Preliminary) Quarter IV +0.2% +0.2% +0.3%

10:00 Eurozone GDP (YoY) (Preliminary) Quarter IV +0.8% +0.8% +0.9%

The U.S. dollar traded higher against the most major currencies ahead of the U.S. economic data. The preliminary Thomson Reuters/University of Michigan preliminary consumer sentiment index is expected to rise to 98.2 in February from a final reading of 98.1 in January.

The U.S. import price index is expected to plunge 3.1% in January, after a 2.5 drop in December.

The euro fell against the U.S. dollar after the mixed GDP data from the Eurozone. Eurozone's preliminary gross domestic product (GDP) increased by 0.3% in the fourth quarter, exceeding expectations for a 0.2% rise, after a 0.2% gain in the third quarter.

On a yearly basis, Eurozone's preliminary GDP rose by 0.8% in the fourth quarter, exceeding expectations for a 0.8% increase, after a 0.8% gain in the third quarter.

For 2014 as a whole, GDP rose by 1.4% in the European Union. In comparison, the U.S. economy grew at an annual pace of 2.6% in 2014.

Germany's preliminary GDP gained by 0.7% in the fourth quarter, beating forecasts of a 0.3% rise, after a 0.1% increase in the third quarter.

France's preliminary GDP increased by 0.1% in the fourth quarter, in line with expectations, after a 0.3% gain in the previous quarter.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded lower against the U.S. dollar ahead of the Canadian manufacturing shipments. Canada's manufacturing shipments are expected to decrease 0.9% in December, after a 1.4% drop in November.

The Swiss franc traded lower against the U.S. dollar. Switzerland's producer and import prices declined 0.6% in January, in line with expectations, after a 0.4% fall in December.

On a yearly basis, producer and import prices decreased 2.7% in January, missing expectation for a 1.5% decline, after a 2.1% drop in December.

EUR/USD: the currency pair declined to $1.1381

GBP/USD: the currency pair decreased to $1.5369

USD/JPY: the currency pair rose to Y119.19

The most important news that are expected (GMT0):

13:30 Canada Manufacturing Shipments (MoM) December -1.4% -0.9%

13:30 U.S. Import Price Index January -2.5% -3.1%

15:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) February 98.1 98.2