Economic calendar (GMT0):

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

23:50 Japan Monetary Base, y/y October +35.3% +36.2% +36.9%

01:30 Japan Labor Cash Earnings, YoY September +0.9% [Revised From +1.4%] +0.9% +0.8%

01:45 China HSBC Services PMI October 53.5 52.9

02:30 Japan BOJ Governor Haruhiko Kuroda Speaks

The U.S. dollar rose to a seven year high reaching JPY114.42 yesterday, the highest level since December 2007 after the Republicans victory in U.S. mid-term elections.

BOJ Govenor Kuroda confirms his 2% inflation target to end Japan's deflationary spiral.

The Japanese yen further weakened against the euro that reached a 7 month-high trading at JPY143.42.

The euro further recovered from its two-year low against the U.S. dollar of USD1.2439 on Monday although the uncertainty about more ECB actions.

The kiwi reached USD0.7842 as the jobless rate fell to its lowest in over five years.

EUR/JPY: the currency pair rose to Y143.42

EUR/USD: the currency pair rose to $1.2534

USD/JPY: the currency pair rose to Y114.29

The most important news that are expected (GMT0):

08:00 United Kingdom Halifax house price index October +0.6% +0.5%

08:00 United Kingdom Halifax house price index 3m Y/Y October +9.6%

08:15 Switzerland Consumer Price Index (MoM) October +0.1% -0.1%

08:15 Switzerland Consumer Price Index (YoY) October -0.1% 0.0%

08:48 France Services PMI (Finally) October 48.1 48.1

08:53 Germany Services PMI(Finally) October 54.8 54.8

08:58 Eurozone Services PMI (Finally) October 52.4 52.4

09:30 United Kingdom Purchasing Manager Index Services October 58.7 58.7

10:00 Eurozone Retail Sales (MoM) September +1.2% -0.6%

10:00 Eurozone Retail Sales (YoY) September +1.9% +1.5%

13:15 U.S. ADP Employment Report October 213 214

14:15 U.S. FOMC Member Narayana Kocherlakota

14:45 U.S. Services PMI(Finally) October 57.3 57.3

15:00 U.S. ISM Non-Manufacturing October 58.6 58.2

15:30 U.S. Crude Oil Inventories October +2.1