Economic calendar (GMT0):

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

00:00 China Bank holiday

00:30 Australia National Australia Bank's Business Confidence January 3 2

06:00 Japan Prelim Machine Tool Orders, y/y January -25.7% Revised From -25.8% -17.2%

06:45 Switzerland Unemployment Rate (non s.a.) January 3.7% 3.7% 3.8%

07:00 Germany Current Account December 24.3 Revised From 24.7 25.6

07:00 Germany Trade Balance (non s.a.), bln December 20.5 Revised From 20.6 18.8

07:00 Germany Industrial Production s.a. (MoM) December -0.1% Revised From -0.3% 0.4% -1.2%

09:30 United Kingdom Total Trade Balance December -4.03 Revised From -3.17 -2.71

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. Job openings in the U.S. are expected to decline to 5.400 million in December from 5.431 million in November.

Wholesale inventories in the U.S. are expected to decline 0.2% in December, after a 0.3% decrease in November.

The euro traded higher against the U.S. dollar after the release of the mixed economic data from the Eurozone. Destatis released its industrial production data for Germany on Tuesday. German industrial production fell 1.2% in December, missing expectations for a 0.4% gain, after a 0.1% decline in November.

The output of capital goods decreased 2.6% in December, energy output declined 3.0%, and the production in the construction sector was down 0.2%, while the production of intermediate goods climbed 0.8%.

The output of consumer goods fell 1.4%.

German industrial production excluding energy and construction declined by 1.1% in December.

Manufacturing turnover rose on seasonally adjusted and on adjusted for working days basis by 1.8% in December, after a 2.1% fall in November.

Germany's trade surplus decreased to €18.8 billion in December from 20.5 in November. November's figure was revised down from a surplus of €20.6 billion.

Exports fell 1.6% in December, while imports decreased 1.6%.

On a yearly basis, German exports increased 3.2% in December, while imports rose by 3.5%.

Germany's current account surplus was at €25.6 billion in December, up from €24.3 billion in November. November's figure was revised down from a surplus of €24.7 billion.

In 2015 as whole, the trade surplus climbed to €247.8 billion from €213.6 billion. The latest figure was the highest ever recorded. Exports increased 6.4% in 2015, while imports rose 4.2%.

The British pound traded mixed against the U.S. dollar after the release of the U.K. trade data. The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Tuesday. The U.K. trade deficit in goods narrowed to £9.92 billion in December from £11.50 billion in November. November's figure was revised up from a deficit of £10.64 billion.

The decline in deficit was driven by a drop in imports. Exports of goods dropped 0.8% in December, while imports slid 3.6%.

In 2015 as whole, the trade deficit widened to £125.028 billion from £123.143 billion in 2014.

The total trade deficit, including services, narrowed to £2.17 billion in December from £4.03 billion in November. November's figure was revised up from a deficit of £3.17 billion.

In 2015 as whole, the total trade deficit widened to £34.7 billion from £34.4 billion in 2014.

The Swiss franc traded higher against the U.S. dollar. The Swiss State Secretariat for Economic Affairs released its unemployment data for Switzerland on Tuesday. The Swiss unemployment rate remained at a seasonally adjusted 3.4% in January.

On a seasonally unadjusted basis, the unemployment rate in Switzerland increased to 3.8% in January from 3.7 in December. Analysts had expected the unemployment rate to remain unchanged at 3.7%.

EUR/USD: the currency pair rose to $1.1249

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair decreased to Y114.71

The most important news that are expected (GMT0):

15:00 U.S. Wholesale Inventories December -0.3% -0.2%

15:00 U.S. JOLTs Job Openings December 5.431 5.4

23:30 Australia Westpac Consumer Confidence February -3.5% -1%