EUR/USD $1,3859 +0,92%

GBP/USD $1,6739 +0,11%

USD/CHF Chf0,8803 -0,75%

USD/JPY Y103,06 +0,75%

EUR/JPY Y142,84 +1,66%

GBP/JPY Y172,49 +0,86%

AUD/USD $0,9088 +1,16%

NZD/USD $0,8474 +0,71%

USD/CAD C$1,0983 -0,40%

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

05:00 Japan Leading Economic Index January 111.7 112.4     

05:00 Japan Coincident Index January 111.7 114.6     

06:30 Switzerland Unemployment Rate February 3.2% 3.2%     

08:00 Switzerland Foreign Currency Reserves February 437.7         

08:15 Switzerland Consumer Price Index (MoM) February -0.3% +0.4%     

08:15 Switzerland Consumer Price Index (YoY) February +0.1% +0.1%     

09:30 United Kingdom Consumer Inflation Expectations Quarter I +3.6%         

11:00 Germany Industrial Production s.a. (MoM) January -0.6% +0.7%     

11:00 Germany Industrial Production (YoY) January +2.6%         

13:30 Canada Trade balance, billions January -1.66 -1.6     

13:30 Canada Unemployment rate February 7.0% 7.0%     

13:30 Canada Employment February 29.4 16.9     

13:30 U.S. Average workweek February 34.4 34.4     

13:30 U.S. International Trade, bln January -38.7 -39.1     

13:30 U.S. Average hourly earnings February +0.2% +0.2%     

13:30 U.S. Unemployment Rate February 6.6% 6.6%     

13:30 U.S. Nonfarm Payrolls February 113 151     

17:00 U.S. FOMC Member Dudley Speak

The euro rose sharply after the European Central Bank left interest rates unchanged , despite the extremely low inflation in the eurozone. This suggests that bank managers agree that pricing pressure will gradually increase without any serious further assistance from the central bank. ECB left its key interest rate at which it provides loans to banks under its regular lending facility , at a record low of 0.25% , where it had been since November . Day interest rate on deposits by banks at the ECB , also remained unchanged at zero.

The European Central Bank raised its forecast for GDP growth in the 18 countries of the euro zone in 2014 to 1.2 % from December's 1.1%. At a press conference following the last meeting of the Bank said ECB President Mario Draghi . At the same time, the ECB cut its inflation estimate for the current year from 1.1% to 1%. As the head of the ECB , it is connected to , including the expected decline in oil prices in the whole euro exchange rate stability . " Eurozone a long period of low inflation, the gain will be gradual. But the decline in energy prices will support the real incomes of the population ," - said M.Dragi .

In 2015, the eurozone's GDP will grow by 1.5 %, while inflation accelerated to 1.3% , as expected in December. In addition , the ECB unveiled forecasts for 2016 and thus for the first time extended the forecast horizon of three years: economic growth in 2016 will be 1.8 %, inflation - 1.5% on average per year , but by the 4th quarter of the price increase will increase to 1.7% .

According M.Dragi , the ECB intends to keep key interest rates at or below the current for a long time . ECB President confirmed that his earlier assessment of the situation in the economy remain unchanged : the eurozone waiting a long period of low inflation and inflation in the coming months in the region will remain near current levels. It will gradually rise over the next period of 2.5 years.

ECB chief said that " recovery in the eurozone continue slow pace " and geopolitical risks may adversely affect the growth rate .

Macroeconomic data for the last four weeks have improved, but " continue to confirm the need to maintain expansionary policies of the ECB ," the chairman of the central bank.

In his speech M.Dragi once again drew attention to the fact that the ECB is not targetiruet euro exchange rate , although this is crucial for economic growth and inflation in the euro area .

Pound rose after the announcement of the Bank of England of its rate decision and asset purchase program . Note that the Bank of England today did not bring any surprises , once again leaving the rate at a record low 0.5%. Last time the Central Bank changed the level of rates March 5, 2009 , lowering it by 0.5% to 0.5%. MPC also decided to keep the size of the asset purchase program at £ 375 billion, the Central Bank said that keep rates at the current level as long as the unemployment rate / p Britain will not fall to the level of 7% , which will not happen until 2016 . Experts point out that it is clear that the authorities want to keep policy accommodative as long as possible , to ensure the stability of the economic recovery . However, the picture on the labor market combined with data on growth suggest that the Bank is unlikely to convince markets that a rate increase .

Yen approached the two-month low against the dollar after the Japanese government announced that the state pension fund (GPIF), is the largest in the world, no longer need to focus on investment in domestic bonds , taking into account the acceleration of inflation in the country. The report , prepared by the group , says that GPIF should seek opportunities for investment that could bring him an annual income of 1.7% plus the cost of increase of salaries of employees. An additional factor in the decline in the yen , a decrease of interest in safe-haven currency on the basis of some easing of tensions around Ukraine.

Statistics Canada released labour productivity data of Canadian businesses on Friday. The labour productivity of Canadian businesses dropped by 0.1% in the fourth quarter, missing expectations for a 0.2% increase, after a 0.2% rise in the third quarter. The third quarter's figure was revised up from a 0.1% gain.

For 2014 as a whole, the labour productivity in Canadian businesses climbed by 2.5%, the largest annual increase since 2005.

USD/JPY Y101.50-60, Y101.70, Y101.85-95, Y102.00, Y102.20-30, Y102.50-55, Y102.60, Y102.80, Y103.00, Y103.50-55

EUR/USD $1.3600, $1.3605, $1.3620, $1.3635, $1.3640, $1.3650-55, $1.3660, $1.3675, $1.3700, $1.3750, $1.3770, $1.3815

GBP/USD $1.6700, $1.6715

EUR/GBP stg0.8200, stg0.8245

AUD/USD $0.8850, $0.8930, $0.8950, $0.9000, $0.9100, $0.9150

AUD/JPY Y92.60

USD/CAD C$1.1000, C$1.1025, C$1.1065-75, C$1.1100, C$1.1125, C$1.1150

CAD/JPY Y93.00

Data

00:00 U.S. FOMC Member Richard Fisher Speaks

00:30 Australia Retail sales (MoM) January +0.5% +0.5% +1.2%

00:30 Australia Retail Sales Y/Y January +5.7% +6.2%

00:30 Australia Trade Balance January 0.47 0.11 1.43

01:15 Canada Gov Council Member Macklem Speaks

08:00 United Kingdom Halifax house price index February +1.1% +0.6% +2.4%

08:00 United Kingdom Halifax house price index 3m Y/Y February +7.3% +7.9%

11:00 Germany Factory Orders s.a. (MoM) January -0.5% +1.1% +1.2%

11:00 Germany Factory Orders n.s.a. (YoY) January +6.0% +8.1% +7.1%

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:00 United Kingdom Asset Purchase Facility 375 375 375

12:00 United Kingdom MPC Rate Statement

12:45 Eurozone ECB Interest Rate Decision 0.25% 0.25% 0.25%

The euro exchange rate against the dollar has increased markedly , which was associated with the release of positive data on Germany and the ECB's decision to leave rates unchanged. Ministry of Economy of Germany stated that the volume of orders in the manufacturing sector in January rose more sharply than expected, mainly due to strong domestic demand , as well as orders from countries outside the euro area. This suggests that industrial production in Europe's largest economy should continue to grow . According to the report , the orders in the manufacturing sector in Germany to a seasonally adjusted in January increased by 1.2% compared with December . Economists orders were to grow by 1.1 % compared with the previous month . It was also reported that domestic demand rose by 1.6 % m / m in January , while export orders increased by 1 percent. Orders outside the euro area rose by 7.2 %, while inside the unit fell 8.8 % after rising 6.9% in the previous month

Add that may have a significant impact ECB President Mario Draghi , which is scheduled for 15:30 GMT.

Pound fell to session low against the dollar, despite the significant growth earlier that allowed to establish a new high . Such a significant swing pair was noted after the announcement of the Bank of England of its rate decision and asset purchase program . Note that the Bank of England today did not bring any surprises , once again leaving the rate at a record low 0.5%. Last time the Central Bank changed the level of rates March 5, 2009 , lowering it by 0.5% to 0.5%. MPC also decided to keep the size of the asset purchase program at £ 375 billion, the Central Bank said that keep rates at the current level as long as the unemployment rate / p Britain will not fall to the level of 7% , which will not happen until 2016 . Experts point out that it is clear that the authorities want to keep policy accommodative as long as possible , to ensure the stability of the economic recovery. However, the picture on the labor market combined with data on growth suggest that the Bank is unlikely to convince markets that a rate increase .

Little impact on the pound had previously presented data which showed that house prices rose by 2.4 percent in February, compared with an increase of 1.1 percent in January , which significantly exceeded the average forecast experts at 0.6 percent. We also add that in the last three months ( February ), housing prices were 7.9 percent higher than a year earlier, compared with 7.2 percent in the previous three-month period ( January ) . In Halifax reported that the improvement of the economic situation , the fall in unemployment and an increase in confidence helped boost demand , but the pressure on household finances and slowing inflation restrained growth in housing prices .

The yen touched a ten -month low against the dollar after the Japanese government announced that the state pension fund (GPIF), is the largest in the world, no longer need to focus on investment in domestic bonds , taking into account the acceleration of inflation in the country. The report , prepared by the group , says that GPIF should seek opportunities for investment that could bring him an annual income of 1.7% plus the cost of increase of salaries of employees. An additional factor in the decline in the yen , a decrease of interest in safe-haven currency on the basis of some easing of tensions around Ukraine.

EUR / USD: during the European session, the pair rose to $ 1.3774 , and then retreated slightly

GBP / USD: during the European session, the pair rose to $ 1.6752 , but immediately fell to $ 1.6695

USD / JPY: during the European session, the pair rose to Y102.82

At 13:30 GMT will be held monthly press conference of the ECB. At 13:30 GMT , Canada announces the change of volume of building permits issued in January , and the United States announced the change in the level of labor productivity in the non-manufacturing sector for the 4th quarter . At 15:00 GMT , Canada will release the Ivey PMI index from February . At 15:00 GMT the United States will declare to the change in production orders for January.

EUR/USD

Offers $1.3825, $1.3790/800, $1.3755/75, $1.3749, $1.3738

Bids $1.3715/05, $1.3700, $1.3694, $1.3686, $1.3661-59, $1.3643

GBP/USD

Offers $1.6823, $1.6795/800, $1.6770/80, $1.6769, $1.6739-41, $1.6729

Bids $1.6702, $1.6700/695, $1.6662, $1.6650/40, $1.6617, $1.6605/00

AUD/USD

Offers $0.9150, $0.9120, $0.9100, $0.9081, $0.9057

Bids $0.9010/00, $0.8991, $0.8950, $0.8920, $0.8916/10

EUR/JPY

Offers Y142.07, Y142.00, Y141.80, Y141.50, Y141.15/20

Bids Y140.60/50, Y140.00, Y139.88, Y139.55/50, Y139.20

USD/JPY

Offers Y103.65, Y103.50, Y103.10, Y102.90/00, Y102.80/85

Bids Y102.20, Y102.00, Y101.80, Y101.50, Y101.20

EUR/GBP

Offers stg0.8333, stg0.8300/05, stg0.8286, stg0.8245/55, stg0.8220

Bids stg0.8204, stg0.8190-80, stg0.8160, stg0.8150

USD/JPY Y101.50-60, Y101.70, Y101.85-95, Y102.00, Y102.20-30, Y102.50-55, Y102.60, Y102.80, Y103.00, Y103.50-55

EUR/USD $1.3600, $1.3605, $1.3620, $1.3635, $1.3640, $1.3650-55, $1.3660, $1.3675, $1.3700, $1.3750, $1.3770, $1.3815

GBP/USD $1.6700, $1.6715

EUR/GBP stg0.8200, stg0.8245

AUD/USD $0.8850, $0.8930, $0.8950, $0.9000, $0.9100, $0.9150

AUD/JPY Y92.60

USD/CAD C$1.1000, C$1.1025, C$1.1065-75, C$1.1100, C$1.1125, C$1.1150

CAD/JPY Y93.00

00:30 Australia Retail sales (MoM) January +0.5% +0.5% +1.2%

00:30 Australia Retail Sales Y/Y January +5.7% +6.2%

00:30 Australia Trade Balance January 0.47 0.11 1.43

The yen touched a one-week low against the dollar after a Japanese government advisory panel said the world’s largest pension fund no longer needs to focus on domestic bonds given quickening inflation.

Australia’s dollar jumped by the most in 1 1/2 weeks after data showed retail sales climbed three times faster than economists estimated and the trade surplus was the widest in more than two years. Exports from the South Pacific nation exceeded imports by A$1.43 billion ($1.3 billion) in January, the most since August 2011, compared with the A$100 million surplus forecast by economists, a Bureau of Statistics report showed. Retail sales increased 1.2 percent.

The dollar held losses against a basket of major peers after a private report showed hiring rose less than forecast, adding to concern harsh winter weather hampered economic growth. U.S. companies added 139,000 workers in February following a revised 127,000 increase the prior month that was less than initially reported, according to the ADP Research Institute. The median estimate of economists surveyed by Bloomberg called for a 155,000 gain.

Labor Department figures due tomorrow will show U.S. payrolls rose 146,000 last month, compared with a 113,000 advance in January, economists forecast. The unemployment rate is projected to remain at 6.6 percent, the lowest level since October 2008.

EUR / USD: during the Asian session the pair fell to $ 1.3720

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6705-25

USD / JPY: during the Asian session, the pair rose to Y102.75

There is a full calendar on both sides of the Atlantic Thursday, with the central bank policy decisions from both the ECB and BOE to the fore. The European calendar kicks off at 0630GMT, with the release of the French fourth quarter unemployment data. At 1100GMT, the German January manufacturing data will be released. At 1245GMT, the ECB will publish their March policy decision, to be followed at 1330GMT by President Mario Draghi's monthly press conference. The ECB is likely to stand pat following inline inflation data in recent days and an easing of tensions in the Ukraine. Early UK data is expected at 0800GMT, with the release of the February Halifax house price index, likely to show continued strength in the housing market. At 0900GMT, the SMMT UK February new car sales numbers will be published. The first of the day's central bank policy decisions comes at 1200GMT, when the Bank of England's March Monetary Policy Decision crosses the wire. Across the Atlantic, the US calendar gets underway at 1230GMT, when the February Challenger Layoffs data will be released. At 1330GMT, jobless claims data for the March 1 week and the Q4 non-farm productivity numbers will be released. The level of initial jobless claims is expected to fall by 13,000 to 335,000 in the March 1 week after rising by 14,000 in the previous week. Fourth quarter productivity is expected to be revised down to a 2.0% rate of growth from the +3.2% preliminary estimate, due in large part to an expected downward adjustment to the output component. New York Federal Reserve Bank President William Dudley will hold a breakfast conversation in New York, also starting at 1330GMT. At 1430GMT, Treasury Secretary Jack Lew testifies before the House Ways & Means Committee on the FY2015 budget. The US January Factory Orders numbers will cross the wires at 1500GMT.