The dollar played the part of the previously lost ground against the euro, supported by data on US factory orders. The Commerce Department reported that new orders for manufactured goods increased by 2.1 percent, saying the biggest gain since last July, after falling a revised 0.1 percent in February. Economists had forecast an increase in orders of 2.0 percent in March after a previously reported 0.2 percent gain in February. Orders excluding transportation were unchanged in March after a 0.1 percent gain in February. Production was influenced by the strong dollar and lower oil prices that have held back profits flow of transnational corporations and oil companies. Department of Commerce also reported that orders for non-defense capital goods excluding aircraft - which are regarded as a measure of trust and business expenses - increased by 0.1 percent instead of the 0.5 percent drop last month. Supplies of non-defense capital goods excluding aircraft fell 0.4 percent.

The pound fell slightly against the dollar, updating the at least Friday. Investors continue to be cautious in anticipation of elections in the UK, which will take place this Thursday. "The markets are still generally ignored the uncertainty surrounding the elections, despite the fact that the results are very difficult to predict," - said James Pomeroy, an economist at HSBC. The final voting results are unlikely to be known before Friday morning. The results of the poll of Britons say the probability that none of the parties does not receive a majority of seats in parliament, and this will mean that the final rearrangement of the government will depend on the discussions that will take place after the elections, and can take several days.

Also, market participants are waiting for the publication of data on business activity in the services sector, which will be released on Wednesday. Economists expect that the results of business surveys, show that activity in the service sector grew strong pace in April (according to the forecast, the index fell to 58.6 from 58.9 in March), despite recent evidence of loss of revolutions of the economy in 2015.

The Swiss franc was little changed against the US dollar. Small influenced Swiss data. As previously reported, an indicator of industrial production stabilized in Switzerland in April, suggesting that companies are coping with the strong franc and the country can avoid recession. Index Swiss purchasing managers was unchanged in April from March and seasonally adjusted was 47.9 points. Reading in April was slightly higher than economists' average forecast of 47.7. Swiss index is still holding close to the lowest level since October 2012 and is still below 50 points, which indicates a reduction in industrial production. Production fell sharply immediately after the decision of the Swiss National banka- January 15, to give up his 3.5-year-old policy of limiting the franc of 1.20 per euro - the currency of Switzerland's largest export market. Since his fall in January, the index stabilized around 48 points, and "although such values ​​indicate a decrease in PMI industrial activity, general economic downturn is unlikely," analysts said Credit Suisse Group AG.

The U.S. Commerce Department released factory orders data on Monday. Factory orders in the U.S. rose 2.1% in March, exceeding expectations for a 2.0% increase, after a 0.1% decline in February. It was the largest increase since August 2014.

February's figure was revised down from a 0.2% rise.

The increase was driven by higher orders for durable goods. Durable goods orders jumped by 4.4% in March

Non-durable goods orders fell 0.3% in March.

Markit Economics released its manufacturing purchasing managers' index for Italy on Monday. Italy's manufacturing purchasing managers' index (PMI) increased to 53.8 in April from 53.3 in March.

A reading above 50 indicates expansion in activity.

The increase was driven by higher output and new orders.

Markit Economics released its manufacturing purchasing managers' index for Spain on Monday. Spain's manufacturing purchasing managers' index (PMI) was down to 54.2 in April from 54.3 in March.

A reading above 50 indicates expansion in activity.

The index was driven by stronger client demand, which led to an expansion in output and new orders.

EUR/USD: $1.1100(E528mn), $1.1225, $1.1400(E439mn)

USD/JPY: Y119.80, Y120.00($597mn), Y120.25($680mn), Y120.50

GBP/USD: $1.4900(Gbp779mn)

AUD/USD: $0.7600(A$2.1bn), $0.7830(A$432mn)

USD/CAD: C$1.2100, C$1.2165($200mn)

Markit Economics released its final manufacturing purchasing managers' index for Eurozone on Monday. Eurozone's final manufacturing purchasing managers' index (PMI) fell to 52.0 in April from 52.2 in March, up from a preliminary reading of 51.9.

A reading above 50 indicates expansion in activity.

"The Eurozone manufacturing sector continued to grow in April, but the dip in the rate of expansion will serve to check recent optimism that the ECB's quantitative easing programme has bought a guaranteed ticket to recovery for the region," the Chief Economist at Markit Economics Chris Williamson said.

Ireland and Spain were the top performers in April, while France's and Greece's manufacturing activity contracted due to falling production and job cuts.

The Swiss manufacturing purchasing managers' index (PMI), which is compiled by the Swiss SVME purchasing managers' association and Credit Suisse, remained unchanged at 47.9 in April.

The index declined since the Swiss National Bank (SNB) removed the 1.20 per euro exchange rate floor on January 15^th.

A reading below 50.0 indicates contraction of industrial output, a reading above 50.0 indicates expansion of industrial output.

The subindex tracking orders decreased to 46.7 in April.

The employment subindex declined to 42.1. It was lowest level since the 2009.

"An overall economic recession is unlikely," the report said.

Markit Economics released its manufacturing purchasing managers' index for Greece on Monday. The Greek manufacturing PMI dropped to 46.5 in April from 48.9 in March. It was the lowest level since June 2013.

It was the eight consecutive decline.

The fall was driven by weak demand from domestic and foreign markets.

The new orders and employment index decreased both in April due to the uncertainty over the Greek debt crisis.

Input price inflation climbed in April as raw material prices increased.

Economic calendar (GMT0):

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

00:00 Japan Bank holiday

00:30 Australia MI Inflation Gauge, m/m March 0.4% 0.3%

01:30 Australia ANZ Job Advertisements (MoM) April -1.4% 2.3%

01:30 Australia Building Permits, m/m March -1.6% Revised From -3.2% -2.0% 2.8%

01:45 China HSBC Manufacturing PMI (Finally) April 49.6 48.9

06:00 United Kingdom Bank holiday

07:30 Switzerland Manufacturing PMI April 47.9 47.9

07:50 France Manufacturing PMI (Finally) April 48.8 48.4 48.0

07:55 Germany Manufacturing PMI (Finally) April 52.8 51.9 52.1

08:00 Eurozone Manufacturing PMI (Finally) April 52.2 51.9 52.0

08:30 Eurozone Sentix Investor Confidence May 20 19.8 19.6

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. factory orders data. Factory orders in the U.S. are expected to rise 2.0% in March, after a 0.2% gain in February.

The euro traded lower against the U.S. dollar after the release of manufacturing PMIs for the Eurozone. Eurozone's final manufacturing purchasing managers' index (PMI) fell to 52.0 in April from 52.2 in March, up from a preliminary reading of 51.9.

Germany's final manufacturing PMI decreased to 52.1 in April from 52.8 in March, up from a preliminary reading of 51.9.

France's final manufacturing PMI dropped to 48.0 in April from 48.8 in March, down a preliminary reading of 48.4.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 19.6 in May from 20.0 in April, missing expectations for a decline to 19.8.

The Eurozone's recovery was offset by the uncertainty over the Greek debt crisis.

The British pound traded lower against the U.S. dollar in the absence of any major economic data from the U.K. Markets in the U.K. are closed for a public holiday.

The Swiss franc traded lower against the U.S. after the manufacturing PMI from Switzerland. The manufacturing purchasing managers' index in Switzerland remained unchanged at 47.9 in April.

EUR/USD: the currency pair decreased to $1.1122

GBP/USD: the currency pair fell to $1.5088

USD/JPY: the currency pair rose to Y120.27

The most important news that are expected (GMT0):

14:00 U.S. Factory Orders March 0.2% 2.0%

16:25 U.S. FOMC Member Charles Evans Speaks

Cleveland Fed President Loretta Mester said on Friday that the Fed could hike its interest rate in every monetary policy meeting. The employment reports will be indicative of a lot to her, she said.

"We're getting close to the point where it will be time to lift off," she noted.

Mester is not a voting member of the Federal Open Market Committee this year.

EUR/USD

Offers 1.1165 1.1180 1.1200 1.1220 1.1235 1.1250

Bids 1.1120 1.1100 1.11050 1.1050-60

GBP/USD

Offers 1.5380 1.5400 1.5420-30 1.5450 1.5480 1.5500 1.5525 1.5560

Bids 1.5320 1.5300 1.5280 1.5250 1.5225-30 1.5200

EUR/GBP

Offers 0.7380-85 0.7400 0.0.7420-25 0.7445-50

Bids 0.7350 0.7330 0.7300-10 0.7280 0.7260 0.7240

EUR/JPY

Offers 134.30 134.60 134.80 135.00 135.50

Bids 133.70 133.50 133.00 132.80 132.50

USD/JPY

Offers 120.25-30 120.50 120.80 121.00

Bids 120.00 119.80-85 119.65 119.40 119.00

AUD/USD

Offers 0.7860 0.7880 0.7900 0.7920-25 0.7940

Bids 0.7820-25 0.7800 0.7780 0.7750-60 0.7720 0.7700

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 19.6 in May from 20.0 in April, missing expectations for a decline to 19.8.

A reading above 0.0 indicates optimism, below indicates pessimism.

The Eurozone's recovery was offset by the uncertainty over the Greek debt crisis.

The current conditions index climbed to 13 in May from 9 in April. It was the highest level since February 2006.

The expectations index remained declined to 26.5 in May from 31.5 in April.

German investor confidence index dropped to 28.2 in May from 31.4 in April due to a stronger euro and mixed signals from the US economy.

EUR/USD: $1.1100(E528mn), $1.1225, $1.1400(E439mn)

USD/JPY: Y119.80, Y120.00($597mn), Y120.25($680mn), Y120.50

GBP/USD: $1.4900(Gbp779mn)

AUD/USD: $0.7600(A$2.1bn), $0.7830(A$432mn)

USD/CAD: C$1.2100, C$1.2165($200mn)

The Thomson Reuters/University of Michigan's final consumer sentiment index was 95.9 in April, missing expectations for a rise to 96.0, up from the preliminary estimate of 93.0.

The Surveys of Consumers chief economist at the University of Michigan Richard Curtin said the U.S. consumer sentiment index in April reached its second highest level since 2007.

"Consumer optimism has become increasingly dependent on the persistence of low inflation and low interest rates as well as slowly improving prospects for jobs and incomes," he added.

The Institute for Supply Management released its manufacturing purchasing managers' index for the U.S. on Friday. The index remained unchanged at 51.5 in April, missing expectations for a rise to 52.0.

March's figure was revised up from 51.3.

A reading above 50 indicates expansion, below indicates contraction.

The new orders index increased to 53.5 in April from 51.8 in March.

The production index increased to 56.0 in April from 53.8 in March.

The employment index decreased to 48.3 in April from 50.0 in March.

The U.S. Commerce Department released construction spending data on Friday. Construction spending in the U.S. declined 0.6% in March, missing expectations for a 0.5% gain, after a flat reading in February.

February's figure was revised up from a 0.1% decrease.

A 0.3% decline in spending on private construction weighed on construction spending.

Spending on residential construction dropped 1.6% in March, while spending on non-residential construction rose 1.0%.

Spending on federal government projects plunged 4.9%in March.

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

00:00 Japan Bank holiday

00:30 Australia MI Inflation Gauge, m/m March 0.4% 0.3%

01:30 Australia ANZ Job Advertisements (MoM) April -1.4% 2.3%

01:30 Australia Building Permits, m/m March -1.6% Revised From -3.2% -2.0% 2.8%

01:45 China HSBC Manufacturing PMI (Finally) April 49.6 48.9

The euro held its biggest monthly gain in 4 1/2 years amid signs of life for the world's second-largest economy, while the dollar rebounded against peers on prospects U.S. growth will pick up after a sluggish first quarter.

The single currency was little changed Friday after touching a two-month high of $1.1266 a day earlier when data showed Europe's consumer prices ended four months of declines.

Australia's dollar dropped with copper futures, while Chinese shares climbed as a bigger-than-estimated drop in a private manufacturing gauge spurred stimulus speculation. Gold advanced. Copper futures slid 0.8 percent on the Comex by 1:06 p.m. in Hong Kong, while the Aussie lost 0.4 percent as the final April Purchasing Managers' Index from HSBC Holdings Plc and Markit Economics fell to 48.9, the lowest in a year. The Shanghai Composite Index swung to a gain of 0.9 percent.

EUR / USD: during the Asian session, the pair was trading around $ 1.1190

GBP / USD: during the Asian session, the pair was trading around $ 1.5150

USD / JPY: during the Asian session the pair fell to Y120.00

EUR / USD

Resistance levels (open interest**, contracts)

$1.1355 (3408)

$1.1297 (6577)

$1.1257 (2452)

Price at time of writing this review: $1.1209

Support levels (open interest**, contracts):

$1.1143 (937)

$1.1101 (2602)

$1.1041 (3234)

Comments:

- Overall open interest on the CALL options with the expiration date May, 8 is 63671 contracts, with the maximum number of contracts with strike price $1,1200 (6577);

- Overall open interest on the PUT options with the expiration date May, 8 is 88686 contracts, with the maximum number of contracts with strike price $1,0000 (9280);

- The ratio of PUT/CALL was 1.39 versus 1.39 from the previous trading day according to data from May, 1

GBP/USD

Resistance levels (open interest**, contracts)

$1.5404 (1050)

$1.5306 (1259)

$1.5210 (1636)

Price at time of writing this review: $1.5162

Support levels (open interest**, contracts):

$1.5088 (1119)

$1.4992 (2304)

$1.4894 (2186)

Comments:

- Overall open interest on the CALL options with the expiration date May, 8 is 27813 contracts, with the maximum number of contracts with strike price $1,5500 (2829);

- Overall open interest on the PUT options with the expiration date May, 8 is 37970 contracts, with the maximum number of contracts with strike price $1,4700 (2818);

- The ratio of PUT/CALL was 1.37 versus 1.38 from the previous trading day according to data from May, 1

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

(pare/closed(GMT +3)/change, %)

EUR/JPY $1,1197 -0,14%

GBP/USD $1,5137 -1,38%

USD/CHF Chf0,9327 -0,02%

USD/JPY Y120,08 +0,56%

EUR/JPY Y134,56 +0,48%

GBP/JPY Y181,95 -0,70%

AUD/USD $0,7850 -0,64%

NZD/USD $0,7539 -0,84%

USD/CAD C$1,2157 +0,73%

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

00:00 Japan Bank holiday

00:30 Australia MI Inflation Gauge, m/m March 0.4%

01:30 Australia ANZ Job Advertisements (MoM) April -1.4%

01:30 Australia Building Permits, m/m March -3.2% -2.0%

01:45 China HSBC Manufacturing PMI (Finally) April 49.6

06:00 United Kingdom Bank holiday

07:30 Switzerland Manufacturing PMI April 47.9

07:50 France Manufacturing PMI (Finally) April 48.8 48.4

07:55 Germany Manufacturing PMI (Finally) April 52.8 51.9

08:00 Eurozone Manufacturing PMI (Finally) April 52.2 51.9

08:30 Eurozone Sentix Investor Confidence May 20 19.8

14:00 U.S. Factory Orders March 0.2% 2.0%

16:25 U.S. FOMC Member Charles Evans Speaks

23:30 Australia AIG Services Index April 50.2