Economic calendar (GMT0):

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

00:30 Australia Retail Sales, M/M January +0.2% +0.4% +0.4%

00:30 Australia Retail Sales Y/Y January +4.1% +3.1%

00:30 Australia Trade Balance January -0.50 Revised From -0.44 -0.93 -0.98

01:30 Australia RBA Assist Gov Lowe Speaks

07:00 Germany Factory Orders s.a. (MoM) January +4.4% Revised From +4.2% -0.8% -3.9%

07:00 Germany Factory Orders n.s.a. (YoY) January +3.9% Revised From +3.4% -0.1%

08:00 United Kingdom Halifax house price index February +1.9% Revised From +0.3% -0.3%

08:00 United Kingdom Halifax house price index, y/y February +6.8% +8.3%

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:00 United Kingdom Asset Purchase Facility 375 375 375

12:00 United Kingdom MPC Rate Statement

12:45 Eurozone ECB Interest Rate Decision 0.05% 0.05% 0.05%

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The number of initial jobless claims in the U.S. is expected to rise by 6,000 to 319,000.

Factory orders in the U.S. are expected to increase 0.1% in January, after a 3.4% drop in December.

The euro traded higher against the U.S. dollar ahead of the European Central Bank's (ECB) press conference The European Central Bank (ECB) will unveil details of its quantitative easing programme. The ECB will also provide new economic forecasts for the Eurozone.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

German seasonal adjusted factory orders plunged 3.9% in January, missing expectations for a 0.8% decrease, after a 4.4% rise in December. December's figure was revised up from a 4.2% gain.

The British pound traded mixed against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

Analysts expect that the BoE will start to raise interest rate later in early 2016.

The U.K. Halifax house price index declined 0.3% in February, after a 1.9% gain in January. January's figure was revised up from a 0.3% rise.

The Canadian dollar traded higher against the U.S. dollar ahead of Canadian Ivey purchasing managers' index. The Ivey purchasing managers' index is expected to increase to 46.2 in February from 45.4 in January.

EUR/USD: the currency pair rose to $1.1061

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair increased to Y120.21

The most important news that are expected (GMT0):

13:30 Eurozone ECB Press Conference

13:30 U.S. Initial Jobless Claims February 313 319

13:30 U.S. Nonfarm Productivity, q/q (Finally) Quarter IV -2.2% +0.4%

15:00 Canada Ivey Purchasing Managers Index February 45.4 46.2

15:00 U.S. FOMC Member Williams Speaks

15:00 U.S. Factory Orders January -3.4% +0.1%