The U.S. dollar traded lower against the most major currencies. The greenback remained supported by Friday's labour market data. The U.S. economy added 257,000 jobs in January, exceeding expectations for a rise of 231,000 jobs, after a gain of 329,000 jobs in December. December's figure was revised up from a rise of 252,000 jobs.

The U.S. unemployment rate rose to 5.7% in January from 5.6% in December as the number of job seekers grew. Analysts had expected the unemployment rate to remain unchanged at 5.6%.

The euro traded against the U.S. dollar as concerns over Greece's further bailout policy eased. Greek Prime Minister Alexis Tsipras said on Sunday that the government will renegotiate austerity measures and a bailout programme.

Standard and Poor's has downgraded Greece's rating late Friday.

The Sentix investor confidence index for the Eurozone rose to 12.4 in February from 0.9 in January, exceeding expectations for an increase to 3.4.That was the highest level since February 2006.

The index benefited from a weaker euro and lower oil prices.

Germany's trade surplus widened to €21.8 billion in December from €17.9 billion in November, exceeding expectations for a rise to €18.2 billion. November's figure was revised up from a surplus of €17.7 billion.

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

The Bank of England Governor Mark Carney said in Istanbul on Monday that wage growth just started in the U.K.

The Canadian dollar rose against the U.S. dollar after the better-than-expected Canadian housing starts data. Housing starts in Canada increased to a seasonally adjusted annualized rate of 187,276 units in January from a revised reading of 179,637 units in December. December's figure revised down from 180,560 units. Analysts had expected an increase to 184,000 units.

The New Zealand dollar traded higher against the U.S. dollar. In the overnight trading session, the kiwi increased against the greenback in the absence of any major economic reports from New Zealand.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie traded lower against the greenback. Job advertisements in Australia increased 1.3% in January, after a 1.8% rise in December.

The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback. Japan's consumer confidence index increased to 39.1 in January from 38.8 in December, missing expectations for a rise to 39.4.

Japan's economy watchers' current conditions index rose to 45.6 in January from 45.2 in December, missing expectations for an increase to 45.7.

Japan's economy watchers' future conditions index climbed to 50.0 in January from 46.7 in December.

China's Customs Administration released its trade data on Sunday. China's exports declined 3.3% in January from a year earlier, while imports dropped by 19.9%.

These figures indicate a slowdown of Chinese economy.

The Bank of England Governor Mark Carney said in Istanbul on Monday that wage growth just started in the U.K. He noted that there is a lot of job creation in the U.K., not a lot of productivity.

Destatis released German trade data on Monday. Germany's trade surplus widened to €21.8 billion in December from €17.9 billion in November, exceeding expectations for a rise to €18.2 billion. November's figure was revised up from a surplus of €17.7 billion.

Exports rose 3.4% in December, while imports fell 0.8%.

For 2014 as whole, Germany's trade surplus increased to an annual total of €217 billion, the largest ever trade surplus.

Exports increased 3.7%in 2014, while imports rose 2%.

The Canada Mortgage and Housing Corporation (CMHC) released housing starts data on Monday. Housing starts in Canada increased to a seasonally adjusted annualized rate of 187,276 units in January from a revised reading of 179,637 units in December. December's figure revised down from 180,560 units.

Analysts had expected an increase to 184,000 units.

The CMHC's Chief Economist Bob Dugan that "the trend in total housing starts has been moderating since September 2014, reflecting lower trends in both multiple and single-detached starts". He added that economic and demographic factors still support housing demand.

EUR/USD: $1.1230-40(E1.0bn), $1.1280(E456mn), $1.1300(E445mn), $1.1400(E1.57bn), $1.1500(E1.4bn)

USD/JPY: Y118.00($638mn), Y118.20($280mn), Y118.25($545mn), Y118.50($370mn), Y118.75($370mn), Y118.85($205mn), Y119.40($443mn), Y119.45($410mn), Y120.00($1.0bn)

AUD/USD: $0.7780(A$212mn)

AUD/JPY: Y92.55(A$205mn)

Economic calendar (GMT0):

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

00:15 Australia RBA's Governor Glenn Stevens Speech

00:30 Australia ANZ Job Advertisements (MoM) January +1.8% 1.3%

05:00 Japan Consumer Confidence January 38.8 39.4 39.1

06:00 Japan Eco Watchers Survey: Current January 45.2 45.7 45.6

06:00 Japan Eco Watchers Survey: Outlook January 46.7 50.0

07:00 Germany Trade Balance December 17.9 Revised From 17.7 18.2 21.8

07:00 Germany Current Account December 18.9 Revised From 18.6 25.3

08:00 G20 G20 Meetings

09:30 Eurozone Sentix Investor Confidence February 0.9 3.4 12.4

The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by Friday's labour market data. The U.S. economy added 257,000 jobs in January, exceeding expectations for a rise of 231,000 jobs, after a gain of 329,000 jobs in December. December's figure was revised up from a rise of 252,000 jobs.

The U.S. unemployment rate rose to 5.7% in January from 5.6% in December as the number of job seekers grew. Analysts had expected the unemployment rate to remain unchanged at 5.6%.

The euro declined against the U.S. dollar as concerns over Greece's further bailout policy weighed on the euro.

Standard and Poor's has downgraded Greece's rating late Friday.

The Sentix investor confidence index for the Eurozone rose to 12.4 in February from 0.9 in January, exceeding expectations for an increase to 3.4.That was the highest level since February 2006.

The index benefited from a weaker euro and lower oil prices.

Germany's trade surplus widened to €21.8 billion in December from €17.9 billion in November, exceeding expectations for a rise to €18.2 billion. November's figure was revised up from a surplus of €17.7 billion.

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

The Bank of England Governor Mark Carney said in Istanbul on Monday that wage growth just started in the U.K.

The Canadian dollar traded mixed against the U.S. dollar ahead of Canadian housing starts data. Housing starts in Canada are expected to rise to 184,000 units in January from 180,000 units in December.

EUR/USD: the currency pair fell to $1.1269

GBP/USD: the currency pair decreased to $1.5199

USD/JPY: the currency pair declined to Y118.43

The most important news that are expected (GMT0):

13:15 Canada Housing Starts January 180 Revised From 181 184

21:00 U.S. FOMC Member Jerome Powell Speaks

23:50 Japan Tertiary Industry Index December +0.2% +0.1%

EUR/USD

Offers $1.1410-20, $1.1400, $1.1370

Bids $1.1270-65, $1.1260-50, $1.1200/01

GBP/USD

Offers $1.5380, $1.5350-55, $1.5295/305

Bids $1.5200, $1.5155-450, $1.5105/00, $1.5085/80

AUD/USD

Offers $0.7950, $0.7900, $0.7845/50

Bids $0.7700, $0.7655/50, $0.7600

EUR/JPY

Offers Y135.50, Y135.00

Bids Y134.00, Y133.50, Y133.00

USD/JPY

Offers Y120.00, Y119.40/60, Y119.00

Bids Y118.10/00, Y117.50

EUR/GBP

Offers stg0.7495/500

Bids stg0.7400

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 12.4 in February from 0.9 in January, exceeding expectations for an increase to 3.4.

That was the highest level since February 2006.

A reading above 0.0 indicates optimism, below indicates pessimism.

The index benefited from a weaker euro and lower oil prices.

The investor confidence index for Switzerland dropped in February as the decision by the Swiss National Bank (SNB) to discontinue the CHF1.20 exchange rate floor weighed on the confidence.

The Organization for Economic Cooperation and Development (OECD) released its leading indicators on Monday. The composite leading indicator increased to 100.5 in December from 100.4 in November. It signalled stable growth in the United States, Canada, Japan, China and Brazil.

The index for the U.K. pointed to an easing in growth momentum.

Economic growth prospects have improved in the Eurozone.

The indicator for India indicates firming growth, while the index for Russia continues to point to a loss in growth momentum.

Germany's indicator rose to 99.7 in December from 99.6 in November. Italy's indicator climbed to 101.0 from 100.9.

The U.S. indicator remained unchanged at 100.4. China's reading increased to 99.3 from 99.1, while India's reading rose to 99.4 from 99.3.

Russia's indicator declined to 99.4 from 100.0, while UK's indicator decreased to 100.2 from 100.3.

EUR/USD: $1.1230-40(E1.0bn), $1.1280(E456mn), $1.1300(E445mn), $1.1400(E1.57bn), $1.1500(E1.4bn)

USD/JPY: Y118.00($638mn), Y118.20($280mn), Y118.25($545mn), Y118.50($370mn), Y118.75($370mn), Y118.85($205mn), Y119.40($443mn), Y119.45($410mn), Y120.00($1.0bn)

AUD/USD: $0.7780(A$212mn)

AUD/JPY: Y92.55(A$205mn)

BLOOMBERG

Greece Reaffirms Rejection of Bailout Before Emergency EU Meeting

(Bloomberg) -- Prime Minister Alexis Tsipras reaffirmed his government's rejection of Greece's international bailout program before Wednesday's emergency meeting of the euro area's finance ministers to discuss the country's financing needs.

"We need an honest negotiation with our partners that does not condemn the Greek economy and society to unending recession," Tsipras, 40, said in an address to parliament on Sunday, marking the start of a three-day debate on his government's policy platform.

The leader of Greece's anti-bailout governing coalition vowed to increase the minimum wage, restore the income tax-free threshold, halt infrastructure privatizations, and ask for World War II reparations from Germany, in a speech that sets him on a collision course with the country's creditors.

Source: http://www.bloomberg.com/news/articles/2015-02-08/tsipras-plans

REUTERS

Oil dips after weak Chinese trade data

(Reuters) - Brent crude oil prices slipped on Monday as a slump in Chinese imports pointed to lower fuel demand in the world's biggest energy consumer, outweighing news of falling U.S. oil rig counts and healthy U.S. economic growth.

Global benchmark Brent crude oil for March was down 10 cents at $57.70 a barrel by 0748 GMT (2.48 a.m. EST) after rising as high as $59.06 earlier in the session. U.S. crude was at $51.87 a barrel, having hit a session high of $53.40.

Prices dipped as China's trade performance slumped in January, with exports falling 3.3 percent from year-ago levels while imports tumbled 19.9 percent, far worse than analysts had expected and highlighting a deepening slowdown.

Source: http://www.reuters.com/article/2015/02/09/us-markets-oil-idUSKBN0LD01P20150209

REUTERS

BoE's Carney says worried about financial reform fatigue globally

(Reuters) - Bank of England Governor Mark Carney said on Monday he was worried about financial reform fatigue globally, ahead of a meeting of G20 finance ministers and central bankers.

"I worry about reform fatigue, not surprisingly, both at the FSB (Financial Stability Board) and more generally," Carney said at an Institute of International Finance meeting.

"Many of the toughest reforms are micro reforms that can have big political coalitions against them and have payoff very far into the future," he said.

Carney said that although the financial system was less likely to amplify initial shocks than in 2008, there was no room for complacency about its resilience.

Source: http://www.reuters.com/article/2015/02/09/us-g20-carney-idUSKBN0LD0KH20150209

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

00:15Australia RBA's Governor Glenn Stevens Speech

00:30 Australia ANZ Job Advertisements (MoM) January +1.8% 1.3%

05:00 Japan Consumer Confidence January 38.8 39.4 39.1

06:00 Japan Eco Watchers Survey: Current January 45.2 45.7 45.6

06:00 Japan Eco Watchers Survey: Outlook January 46.7 50

07:00 Germany Trade Balance December 17.7 18.2 21.8

07:00 Germany Current Account December 18.6 25.3

The U.S. dollar traded mixed against most major currencies after data on the U.S. economy on Friday that reinforced speculations on a mid-year rate-hike. The U.S. economy added 257,000 jobs in January, exceeding expectations for a rise of 231,000 jobs, after a gain of 329,000 jobs in December. December's figure was revised up from a rise of 252,000 jobs. The U.S. unemployment rate rose to 5.7% in January from 5.6% in December as the number of job seekers grew. Analysts had expected the unemployment rate to remain unchanged at 5.6%. Average hourly earnings increased 0.5% in January, beating forecasts of a 0.2% gain, after a 0.2% drop in December.

The euro paused its decline after worries over Greek debt negotiations weighed on the single currency on Friday. On late Friday S&P downgraded Greece from B- to B, only one notch higher than "default" and kept the outlook for Greece negative.

The Australian dollar declined versus the greenback close to lows hit a week ago when the RBA eased monetary policy. Data on China's Trade Balance released on Sunday fuelled worries about the economic growth of Australia's major trading partner. The ANZ Job Advertisements for January rose less at a pace of +1.3% in January compared to +1.8% in December. Reserve Bank of Australia Governor Glenn Stevens said Australian businesses must prepared for an increase in use of the Chinese yuan for trade as Chinese companies will more and more wish to settle trades in RMB.

New Zealand's dollar added gains against the greenback in Asian trade. The RBNZ Governor Graeme Wheeler said on Wednesday last week that interest rates will remain on hold "for some time".

The Japanese yen traded higher against the greenback on Monday after Friday's slump despite disappointing current account data. Yesterday Japan reported the adjusted current account with a deficit of 187.2 billion Japanese yen. Today data on consumer confidence came in at 39.1 for January compared to a forecast of 39.4 points and a previous reading of 38.8. The Eco Watchers Survey (current) had a reading of 45.6, 0.1 points below forecasts. The Eco Watchers Survey (outlook) rose in January from 46.7 to 50 points.

EUR/USD: the euro traded higher against the greenback

USD/JPY: the U.S. dollar lost against the yen

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

08:00 G20 G20 Meetings

09:30 Eurozone Sentix Investor Confidence February 0.9 3.4

13:15 Canada Housing Starts January 180 Revised From 181 184

21:00 U.S. FOMC Member Jerome Powell Speaks

23:50 Japan Tertiary Industry Index December +0.2% +0.1%

EUR / USD

Resistance levels (open interest**, contracts)

$1.1513 (2066)

$1.1444 (366)

$1.1396 (236)

Price at time of writing this review: $1.1335

Support levels (open interest**, contracts):

$1.1230 (2220)

$1.1187 (2301)

$1.1129 (2025)

Comments:

- Overall open interest on the CALL options with the expiration date March, 6 is 97500 contracts, with the maximum number of contracts with strike price $1,1500 (4903);

- Overall open interest on the PUT options with the expiration date March, 6 is 97424 contracts, with the maximum number of contracts with strike price $1,1200 (4697);

- The ratio of PUT/CALL was 1.00 versus 0.88 from the previous trading day according to data from February, 6

GBP/USD

Resistance levels (open interest**, contracts)

$1.5505 (1670)

$1.5407 (512)

$1.5311 (1452)

Price at time of writing this review: $1.5263

Support levels (open interest**, contracts):

$1.5186 (540)

$1.5090 (667)

$1.4993 (1875)

Comments:

- Overall open interest on the CALL options with the expiration date March, 6 is 21514 contracts, with the maximum number of contracts with strike price $1,5500 (1670);

- Overall open interest on the PUT options with the expiration date March, 6 is 27168 contracts, with the maximum number of contracts with strike price $1,5000 (1875);

- The ratio of PUT/CALL was 1.26 versus 0.99 from the previous trading day according to data from February, 6

* - 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 +2)/change, %)

EUR/USD $1,1319 -1,40%

GBP/USD $1,5235 -0,60%

USD/CHF Chf0,9252 -0,09%

USD/JPY Y118,83 +1,10%

EUR/JPY Y134,51 -0,26%

GBP/JPY Y181,04 +0,52%

AUD/USD $0,7798 +0,03%

NZD/USD $0,7354 -0,54%

USD/CAD C$1,2522 +0,71%

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

00:15Australia RBA's Governor Glenn Stevens Speech

00:30 Australia ANZ Job Advertisements (MoM) January +1.8% 1.3%

05:00 Japan Consumer Confidence January 38.8 39.4

06:00 Japan Eco Watchers Survey: Current January 45.2 45.7

06:00 Japan Eco Watchers Survey: Outlook January 46.7

07:00 Germany Trade Balance December 17.7 18.2

07:00 Germany Current Account December 18.6

08:00 G20 G20 Meetings

09:30 Eurozone Sentix Investor Confidence February 0.9 3.4

13:15 Canada Housing Starts January 180 Revised From 181 184

21:00 U.S. FOMC Member Jerome Powell Speaks

23:50 Japan Tertiary Industry Index December +0.2% +0.1%