(pare/closed(GMT +2)/change, %)

EUR/USD $ 1,1932 -0,60%

GBP/USD $1,5245 -0,57%

USD/CHF Chf1,0067 +0,56%

USD/JPY Y119,62 -0,71%

EUR/JPY Y142,74 -1,30%

GBP/JPY Y182,4 -1,26%

AUD/USD $0,8081 -0,19%

NZD/USD $0,7684 -0,14%

USD/CAD C$1,1761 0,00%

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

00:30 Australia Trade Balance November -1.32 -1.59

01:45 China HSBC Services PMI December 53.0

08:00 United Kingdom Halifax house price index December +0.4% +0.3%

08:00 United Kingdom Halifax house price index 3m Y/Y December +8.2%

08:48 France Services PMI (Finally) December 49.8 49.8

08:53 Germany Services PMI (Finally) December 51.4 51.4

08:58 Eurozone Services PMI (Finally) December 51.9 51.9

09:30 United Kingdom Purchasing Manager Index Services December 58.6 58.9

09:30 United Kingdom BOE Credit Conditions Survey Quarter IV

13:30 Canada Industrial Product Prices, m/m November -0.5% -0.5%

13:30 Canada Raw Material Price Index November -4.3% -4.6%

14:45 U.S. Services PMI (Finally) December 53.6 53.8

15:00 U.S. ISM Non-Manufacturing December 59.3 58.2

15:00 U.S. Factory Orders November -0.7% -0.3%

21:30 U.S. API Crude Oil Inventories December +0.8

23:30 Australia AIG Services Index December 43.8

The European Central Bank's (ECB) purchases of covered bonds and asset backed securities (ABS) declined slightly in the week to January 2. The ECB spokesman said that it was due to assets maturing and accounting issues.

Since mid-October, the ECB has purchased 29.632 billion euros of covered bonds and 1.744 billion euros of asset backed securities.

The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by expectation that the Fed will start to hike its interest rate this year.

There will be released no major economic reports in the U.S. today.

The euro traded lower against the U.S. dollar after the weaker-than-expected German consumer inflation data. German preliminary consumer price index remained flat in December, missing expectations for a 0.1% gain.

On a yearly basis, German preliminary consumer price index decreased to 0.2% in December from 0.6% in November, missing forecasts for a decline to 0.4%. That was the lowest level since October 2009.

These figures has added to concerns that the Eurozone could slip into deflation.

Investors speculate that the European Central Bank could decide on its policy meeting on January 22 to purchase government bonds.

Speculation on quantitative easing measures by the European Central Bank and political uncertainty in Greece also weighed on the euro. There is speculation that Greece could leave the Eurozone. Greeks will elect new parliament later this month.

The Sentix investor confidence index for the Eurozone increased to 0.9 in January from -2.5 in December. Analysts had expected the index to climb to -0.9.

The British pound traded lower against the U.S. dollar due to the weaker-than-expected construction data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. fell to 57.6 in December from 59.4 in November, missing expectations for a decline to 59.2. The U.K. construction sector expanded at the slowest pace in 17 months.

The Swiss franc traded lower against the U.S. dollar. The manufacturing purchasing managers' index in Switzerland rose to 54.0 in December from 52.1 in November, exceeding expectations for a rise to 52.9.

The New Zealand dollar rose against the U.S. dollar. In the overnight trading session, the kiwi decreased against the greenback in the absence of any major reports from New Zealand.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie decreased against the greenback in the absence of any major reports from Australia.

The Japanese yen rose against the U.S. dollar. In the overnight trading session, the yen traded mixed against the greenback. Japan's final manufacturing purchasing managers' index (PMI) fell to 52.0 in December from 52.1 in November.

The Boston Fed President Eric Rosengren said in a speech at the American Economic Association in Boston over the weekend that the Fed can be "patient" in tightening its monetary policy due to very low core inflation and wage growth.

"I believe the continued very low core inflation and wage growth numbers provide ample justification for patience," Rosengren said.

He expects that inflation will reach the Fed's 2% target "over the next several years".

Rosegren noted that interest rate "rates may not normalize at the same level they were prior to the financial crisis".

EUR/USD: $1.2000(E720mn), $1.2100(E719mn)

USD/JPY: Y120.00($2.2bn), Y120.50($1.9bn), Y121.20($400mn), Y121.50(695mn)

GBP/USD: $1.5400(stg220mn)

AUD/USD: $0.8200(A$558mn)

The German Federal Statistics Bureau released its consumer price index on Monday. German preliminary consumer price index remained flat in December, missing expectations for a 0.1% gain.

On a yearly basis, German preliminary consumer price index decreased to 0.2% in December from 0.6% in November, missing forecasts for a decline to 0.4%. That was the lowest level since October 2009.

These figures has added to concerns that the Eurozone could slip into deflation.

Investors speculate that the European Central Bank could decide on its policy meeting on January 22 to purchase government bonds.

Economic calendar (GMT0):

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

01:35 Japan Manufacturing PMI (Finally) December 52.1 52.0

08:30 Switzerland Manufacturing PMI December 52.1 52.9 54.0

09:30 Eurozone Sentix Investor Confidence January -2.5 -0.9 0.9

09:30 United Kingdom PMI Construction December 59.4 59.2 57.6

13:00 Germany CPI, m/m (Preliminary) December 0.0% +0.1% 0.0%

13:00 Germany CPI, y/y (Preliminary) December +0.6% +0.4% 0.2%

The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by expectation that the Fed will start to hike its interest rate this year.

There will be released no major economic reports in the U.S. today.

The euro declined against the U.S. dollar due to speculation on quantitative easing measures by the European Central Bank and political uncertainty in Greece. There is speculation that Greece could leave the Eurozone. Greeks will elect new parliament later this month.

German preliminary consumer price index remained flat in December, missing expectations for a 0.1% gain.

On a yearly basis, German preliminary consumer price index decreased to 0.2% in December from 0.6% in November, missing forecasts for a decline to 0.4%.

The Sentix investor confidence index for the Eurozone increased to 0.9 in January from -2.5 in December. Analysts had expected the index to climb to -0.9.

The British pound fell against the U.S. dollar after the weaker-than-expected construction data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. fell to 57.6 in December from 59.4 in November, missing expectations for a decline to 59.2. The U.K. construction sector expanded at the slowest pace in 17 months.

The Swiss franc traded lower against the U.S. dollar. The manufacturing purchasing managers' index in Switzerland rose to 54.0 in December from 52.1 in November, exceeding expectations for a rise to 52.9.

EUR/USD: the currency pair dropped to $1.1886

GBP/USD: the currency pair fell to $1.5203

USD/JPY: the currency pair rose to Y120.02

The most important news that are expected (GMT0):

19:30 U.S. Total Vehicle Sales, mln December 17.2 16.9

23:50 Japan Monetary Base, y/y December +36.7% +34.3%

EUR/USD

Offers $1.2200, $1.2150, $1.2125/20, $1.2100

Bids $1.1900, $1.1865, $1.1800

GBP/USD

Offers $1.5620, $1.5545, $1.5485, $1.5430

Bids $1.5200/05, $1.5185, $1.5100

AUD/USD

Offers $0.8250, $0.8200, $0.8100

Bids $0.8035, $0.8000, $0.7950

EUR/JPY

Offers Y146.00/05, Y145.50, Y145.30

Bids Y143.15, Y143.00, Y142.90

USD/JPY

Offers Y121.85, Y121.50, Y121.20, Y120.90/00

Bids Y120.00, Y119.80, Y119.20, Y118.85

EUR/GBP

Offers stg0.7900, stg0.7880/85, stg0.7860-70

Bids stg0.7755/50, stg0.7745, stg0.7720, stg0.7700, stg0.7680

Markit and the Chartered Institute of Purchasing & Supply released their construction purchasing managers' index (PMI) for the U.K. on Monday. The index fell to 57.6 in December from 59.4 in November, missing expectations for a decline to 59.2. The U.K. construction sector expanded at the slowest pace in 17 months.

A reading above 50 indicates growth in the sector.

Civil engineering showed a decline in output. That was the first decline since May 2013.

EUR/USD: $1.2000(E720mn), $1.2100(E719mn)

USD/JPY: Y120.00($2.2bn), Y120.50($1.9bn), Y121.20($400mn), Y121.50(695mn)

GBP/USD: $1.5400(stg220mn)

AUD/USD: $0.8200(A$558mn)

01:35 Japan Manufacturing PMI (Finally) December 52.1 52.0

The greenback traded broadly stronger against its major peers only losing versus the Japanese yen despite a disappointing ISM Manufacturing Index and Construction Spending published on Friday. The U.S. dollar continued to rally against the euro who fell to its weakest in almost 9 years before regaining some ground. The Eurozone single currency traded as low as USD1.1867, the weakest level since March 2006, in today's session amid speculations that the ECB will large start bond purchases and upcoming elections in Greece where the anti-austerity party Syriza is going to win on January 25^th according to polls. In an interview published on Friday ECB President Mario Draghi said the risk of the central bank not fulfilling its mandate of preserving price stability was higher now than half a year ago. A strong sign that the ECB is ready to start Quantitative Easing.

The Australian dollar further slumped to its lowest since 2009 currently trading at USD0.8048 with other commodity-currencies also declining.

New Zealand's dollar lost against the greenback again trading close to its lows hit on December 2014 continuing a slump started last Friday.

The Japanese yen traded stronger during the Asian against the greenback being currently quoted around USD120 despite a Japanese Manufacturing PMI that declined for the month of December to 52.0 from a previous reading of 52.1. Investors look ahead to Japan's Monetary Base due 23:50 GMT. The Japanese currency was supported by investors looking for a haven as Asian stocks declined.

EUR/USD: the euro slumped against the greenback

The most important news that are expected (GMT0):

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

08:30 Switzerland Manufacturing PMI December 52.1 52.9

09:30 Eurozone Sentix Investor Confidence January -2.5 -0.9

09:30 United Kingdom PMI Construction December 59.4 59.2

13:00 Germany CPI, m/m (Preliminary) December 0.0% +0.1%

13:00 Germany CPI, y/y (Preliminary) December +0.6% +0.4%

19:30 U.S. Total Vehicle Sales, mln December 17.2 16.9

23:50 Japan Monetary Base, y/y December +36.7% +34.3%

EUR / USD

Resistance levels (open interest**, contracts)

$1.2211 (2407)

$1.2132 (1372)

$1.2074 (897)

Price at time of writing this review: $ 1.1932

Support levels (open interest**, contracts):

$1.1874 (5572)

$1.1834 (2343)

$1.1791 (1949)

Comments:

- Overall open interest on the CALL options with the expiration date January, 9 is 61886 contracts, with the maximum number of contracts with strike price $1,2500 (6650);

- Overall open interest on the PUT options with the expiration date January, 9 is 65258 contracts, with the maximum number of contracts with strike price $1,2000 (7655);

- The ratio of PUT/CALL was 1.05 versus 1.08 from the previous trading day according to data from January, 2

GBP/USD

Resistance levels (open interest**, contracts)

$1.5600 (1456)

$1.5501 (962)

$1.5404 (846)

Price at time of writing this review: $1.5282

Support levels (open interest**, contracts):

$1.5294 (1792)

$1.5197 (2045)

$1.5099 (473)

Comments:

- Overall open interest on the CALL options with the expiration date January, 9 is 27606 contracts, with the maximum number of contracts with strike price $1,5850 (4020);

- Overall open interest on the PUT options with the expiration date January, 9 is 23846 contracts, with the maximum number of contracts with strike price $1,5500 (2697);

- The ratio of PUT/CALL was 0.86 versus 0.79 from the previous trading day according to data from January, 2

* - 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.