Economic calendar (GMT0):

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

05:00 Japan Leading Economic Index June 104.8 105.5 105.5

05:00 Japan Coincident Index June 111.3 109.4

06:00 Germany Factory Orders s.a. (MoM) June -1.6% Revised From -1.7% +0.5% -3.2%

06:00 Germany Factory Orders n.s.a. (YoY) June +5.5% -4.3%

07:00 United Kingdom Halifax house price index July -0.6% +1.4%

07:00 United Kingdom Halifax house price index 3m Y/Y July +8.8% +10.2%

07:15 Switzerland Consumer Price Index (MoM) July -0.1% -0.5% -0.4%

07:15 Switzerland Consumer Price Index (YoY) July 0.0% 0.0% 0.0%

08:30 United Kingdom Industrial Production (MoM) June -0.7% +0.6% +0.3%

08:30 United Kingdom Industrial Production (YoY) June +2.3% +1.5% +1.2%

08:30 United Kingdom Manufacturing Production (MoM) June -1.3% +0.7% +0.3%

08:30 United Kingdom Manufacturing Production (YoY) June +3.7% +2.1% +1.9%

The U.S. dollar traded higher against the most major currencies. The U.S. currency was supported by yesterday's better-than-expected ISM non-manufacturing PMI and factory orders in the U.S. The ISM non-manufacturing PMI increased to 58.7 in July, from 56.0 in June, exceeding expectations for a rise to 56.6. That was the highest level since January 2008.

Factory orders in the U.S. jumped 1.1% in June, beating expectations for a 0.6% rise, after a 0.6% fall in May.

The New Zealand dollar declined to 2-month lows against the U.S dollar after the labour market data from New Zealand. The number of employed people in New Zealand increased 0.4% in the second quarter, missing expectations for a 0.7% rise, after a 0.9% gain in the first quarter.

New Zealand's unemployment rate dropped to 5.6% in the second quarter from 6.0% in the first quarter, beating expectations for a decrease to 5.8%.

The Australian dollar rose against the U.S. dollar in the absence of any major economic reports in Australia.

The Japanese yen traded mixed against the U.S. dollar after the economic data from Japan. Japan's leading index climbed to 105.5 in June from 104.8 in May, in line with expectations. May's figure was revised down from 105.7.

The coincident index in June fell to 109.4 in June from 111.2 in May.

EUR/USD: the currency pair declined to $1.3360

GBP/USD: the currency pair decreased to $1.6870

USD/JPY: the currency pair traded mixed

NZD/USD: the currency pair was down to $0.8421

The most important news that are expected (GMT0):

12:30 Canada Trade balance, billions June -0.2 -0.1

12:30 U.S. International Trade, bln June -44.4 -44.2

14:00 United Kingdom NIESR GDP Estimate July +0.9%

14:30 U.S. Crude Oil Inventories July -3.7

23:30 Australia AiG Performance of Construction Index July 51.8