Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 Japan Bank holiday
01:45 China HSBC Manufacturing PMI (Preliminary) September 50.2 50.0 50.5
06:58 France Manufacturing PMI (Preliminary) September 46.9 47.1 48.8
06:58 France Services PMI (Preliminary) September 50.3 50.2 49.4
07:28 Germany Manufacturing PMI (Preliminary) September 51.4 51.3 50.3
07:28 Germany Services PMI (Preliminary) September 54.9 54.6 55.4
07:58 Eurozone Manufacturing PMI (Preliminary) September 50.7 50.6 50.5
07:58 Eurozone Services PMI (Preliminary) September 53.1 53.2 52.8
08:30 United Kingdom BBA Mortgage Approvals August 42.8 42.9 41.6
08:30 United Kingdom PSNB, bln August -1.1 10.3 10.9
The U.S. dollar traded mixed to lower against the most major currencies. The greenback took a breather after a recent rally.
The greenback increased in recent months on speculation the Fed will start to hike its interest rate sooner than expected.
The existing home sales in the U.S. are expected to increase to 5.21 million units in August from 5.15 million units in July.
The euro rose against the U.S. dollar despite the weak manufacturing and services purchasing managers' index from the Eurozone. Eurozone's preliminary manufacturing purchasing managers' index (PMI) declined to 50.5 in September from 50.7 in August, missing expectations for a fall to 50.6.
Eurozone's preliminary services PMI decreased to 52.8 in September from 53.1 in August, missing expectations for a rise to 53.2.
Germany's preliminary manufacturing purchasing managers' index fell to 50.3 in September from 51.4 in August, missing expectations for a decline to 51.3.
Germany's preliminary services PMI rose to 55.4 in September from 54.9 in August, beating expectations for a drop to 54.6.
France's preliminary manufacturing purchasing managers' index increased to 48.8 in September from 46.9 in August, exceeding expectations for a gain to 47.1.
France's preliminary services PMI dropped to 49.4 in September from 50.3 in August, missing expectations for a decrease to 50.2.
The British pound traded higher against the U.S. dollar despite the weak economic data from the U.K. The number of mortgage approvals decreased to 41,588 in August from 42,715 in July, missing expectations for an increase to 42,900.
The U.K. public sector net borrowing posted a surplus of £10.9 billion in August, after a deficit of £0.47 billion in July. July's figure was revised from a deficit of £1.10 billion. Analysts had expected a surplus of £10.3 billion.
The Canadian dollar increased against the U.S. dollar ahead of Canadian retail sales. Retail sales in Canada are expected to rise 0.4% in July, after a 1.1% gain in June.
Canadian retail sales excluding automobiles are expected to decline 0.1% in July, after a 1.5% rise in June.
EUR/USD: the currency pair rose to $1.2900
GBP/USD: the currency pair increased to $1.6414
USD/JPY: the currency pair fell to Y108.24
The most important news that are expected (GMT0):
12:30 Canada Retail Sales, m/m July +1.1% +0.4%
12:30 Canada Retail Sales ex Autos, m/m July +1.5% -0.1%
13:20 U.S. FOMC Member Jerome Powell Speaks
18:00 U.S. FOMC Member Narayana Kocherlakota
22:45 New Zealand Trade Balance, mln August -692 -1125