Statistics Canada released housing market on Monday. Building permits in Canada plunged 13.8% in November, missing expectations for a 0.8% gain, after a 2.1% rise in October. October's figure was revised up from a 0.7% increase.

Building permits for non-residential construction climbed 15.8% in October, while permits in the residential sector decreased 19.9%.

The U.S. dollar traded lower against the most major currencies despite the better-than-expected U.S. labour market data. The U.S. economy added 252,000 jobs in December, exceeding expectations for a rise of 241,000 jobs, after a gain of 353,000 jobs in November. November's figure was revised up from a rise of 321,000 jobs.

The jobless rate declined to the lowest level since June 2008.

The U.S. unemployment rate fell to 5.6% in December from 5.8% in November, exceeding expectations for a decline to 5.7%.

Average hourly earnings decreased 0.2% in December, missing forecasts of a 0.2% gain, after a 0.2% increase in November. November's figure revised down from a 0.4% rise.

Wholesale inventories in the U.S. rose 0.8% in November, exceeding expectations for a 0.4% increase, after a 0.6% gain in October. October's figure was revised up from a 0.4% rise.

That was the biggest increase since April 2014.

The euro traded slightly higher against the U.S. dollar despite the mostly weak economic data from the Eurozone. German industrial production declined 0.1% in November, missing forecasts of a 0.4% rise, after a 0.6% gain in October. October's figure was revised up from a 0.2% increase.

Germany's trade surplus decreased to €17.7 billion in November from €20.8 billion in October, missing expectations for a decline to €19.6 billion. October's figure was revised up from a surplus of €20.6 billion.

France's trade deficit narrowed to €3.2 billion in November from €4.6 billion in October, beating expectations for a decline to a deficit of €4.5 billion.

Industrial production in France declined 0.3% in November, missing expectations for a 0.4% gain, after a 0.7% drop in October. October's figure was revised up from a 0.8% decline.

Political uncertainty in Greece still weighed on the euro.

The British pound traded higher against the U.S. dollar. The National Institute of Economic and Social Research's (NIESR) estimate of gross domestic product estimate declined to 0.6% for the fourth quarter from 0.7% in the third quarter.

Manufacturing production in the U.K. rose 0.7% in November, exceeding expectations for a 0.3% rise, after a 0.7% drop in October.

On a yearly basis, manufacturing production in the U.K. increased 2.7% in November, beating expectations for a 2.3% gain, after a 1.7% rise in October.

Industrial production in the U.K. decreased 0.1% in November, missing forecasts of a 0.2% rise, after a 0.3% decline in October. October's figure was revised down from a 0.1% decrease.

The decline was driven by falling oil and gas prices and maintenance shutdowns at two large fields in the North Sea.

On a yearly basis, industrial production in the U.K. rose 1.1% in November, missing expectations for a 1.6% rise, after a 1.0% gain in October. October's figure was revised down from a 1.1% gain.

The U.K. trade deficit fell to £8.8 billion in November from £9.8 billion in October, beating expectations for a deficit of £9.5 billion. October's figure was revised down from a deficit of £9.6 billion.

The Canadian dollar traded lower against the U.S. dollar after the weaker-than-expected Canadian economic data. Canada's unemployment rate remained unchanged at 6.6% in December, in line with expectations.

The number of employed people decreased by 4,300 in December, missing expectations for a gain of 10,300, after a 10,700 decline in November.

Building permits in Canada plunged 13.8% in November, missing expectations for a 0.8% gain, after a 2.1% rise in October. October's figure was revised up from a 0.7% increase.

Housing starts in Canada increased to a seasonally adjusted annualized rate of 180,600 units in December from a revised reading of 193,200 units in November. November's figure revised down from 195,600 units. Analysts had expected an increase to 191,000 units.

The Swiss franc traded higher against the U.S. dollar. Switzerland's unemployment rate remained unchanged at 3.2% in December. November's figure was revised down from 3.1%. Analysts had expected the unemployment rate to fall to 3.1%.

Switzerland's consumer price index dropped 0.5% in December, missing expectations for a 0.3% fall, after a flat reading in November.

On a yearly basis, Switzerland's consumer price index declined 0.3% in December, missing expectations for a 0.1% drop, after a 0.1% decrease in November.

The New Zealand dollar increased against the U.S. dollar. In the overnight trading session, the kiwi traded higher against the greenback after the solid building permits data from New Zealand. Building permits in New Zealand rose 10.0% in November, after 9.8% in October. October's figure was revised up from a 8.8% gain.

The Australian dollar increased against the U.S. dollar. In the overnight trading session, the Aussie traded slightly higher against the greenback despite the weaker-than-expected retail sales data from Australia. Retail sales in Australia rose 0.1% in November, missing expectations for a 0.3% increase, after a 0.4% gain in October.

The Aussie was supported by Chinese consumer inflation data. Chinese consumer price index 1.5% in December, in line with expectations, after a 1.4% in November.

The Japanese yen traded higher against the U.S. dollar. . In the overnight trading session, the yen traded higher against the greenback. Japan's leading economic index decreased to 103.8 in November from 104.5 in October, missing expectations for a rise to 104.9. That was the lowest score since January 2013. October's figure was revised up from 104.0.

Japan's coincident index declined to 108.9 in November from 109.9 in October.

The Canada Mortgage and Housing Corporation (CMHC) released housing starts data on Friday. Housing starts in Canada increased to a seasonally adjusted annualized rate of 180,600 units in December from a revised reading of 193,200 units in November. November's figure revised down from 195,600 units.

Analysts had expected an increase to 191,000 units.

The CMHC's Chief Economist Bob Dugan that the decline was driven by "lower levels of both multiple and single-detached starts lower levels of both multiple and single-detached starts".

The National Institute of Economic and Social Research (NIESR) released its estimate of gross domestic product (GDP) for the U.K. on Friday. The GDP estimate declined to 0.6% for the fourth quarter from 0.7% in the third quarter.

According to NIESR, the economy grew at 2.6% in 2014, up from 1.7% in 2013. That was the best reading since the financial crisis.

The U.S. Commerce Department released wholesale inventories on Friday. Wholesale inventories in the U.S. rose 0.8% in November, exceeding expectations for a 0.4% increase, after a 0.6% gain in October. October's figure was revised up from a 0.4% rise.

That was the biggest increase since April 2014.

Inventories of durable goods increased 0.8% in November, while inventories of non-durable goods climbed by 0.7%.

Statistics Canada released the labour market data on Friday. Canada's unemployment rate remained unchanged at 6.6% in December, in line with expectations.

The number of employed people decreased by 4,300 in December, missing expectations for a gain of 10,300, after a 10,700 decline in November.

Full-time employment in December increased by 53,500 jobs, while part-time work decreased by 57,700.

The labour participation rate fell to 65.9% in December, the lowest since October 2001.

Canada's economy increased 5,100 private-sector jobs in December and added 5,500 positions in the public sector. The number of self-employed workers decreased by 14,900 jobs.

The U.S. Labor Department released the labour market data on Friday. The U.S. economy added 252,000 jobs in December, exceeding expectations for a rise of 241,000 jobs, after a gain of 353,000 jobs in November. November's figure was revised up from a rise of 321,000 jobs.

The jobless rate declined to the lowest level since June 2008.

The U.S. economy has added at least 200,000 jobs for 11 months in a row. This is the longest growth period since 1994.

The U.S. unemployment rate fell to 5.6% in December from 5.8% in November, exceeding expectations for a decline to 5.7%.

Average hourly earnings decreased 0.2% in December, missing forecasts of a 0.2% gain, after a 0.2% increase in November. November's figure revised down from a 0.4% rise.

The labour-force participation rate fell to 62.7% in December, the 37-year low.

These figures are signs that the labour market in the U.S. is strengthening. But the Fed might delay to hike its interest rate due to the weak wage growth figures.

The U.K. Office for National Statistics (ONS) released trade data on Friday. The U.K. trade deficit fell to £8.8 billion in November from £9.8 billion in October, beating expectations for a deficit of £9.5 billion. October's figure was revised down from a deficit of £9.6 billion.

The decline was driven by lower imports. Imports dropped 3.2% in November as oil imports fell 18.7%.

Exports of goods decreased 0.4% in November. Exports to the European Union (EU) fell 0.3%, while exports to countries outside the EU increased 6.0%.

The trade deficit with Germany reached a record level.

EUR/USD: $1.1750(E531mn), $1.1900(E1.5bn), $1.1980(E1.5bn), $1.2000(E4.0bn)

USD/JPY: Y118.00($7.0bn), Y119.50($2.1bn), Y120.00($1.5bn), Y121.00($2.1bn)

EUR/CHF: Chf1.2010(E200mn)

AUD/USD: $0.8075(A$257mn), $0.8100(A$300mn), $0.8105(A$315mn)

NZD/USD: $0.7780(NZ$250mn)

USD/CAD: C$1.1700($681mn)

Economic calendar (GMT0):

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

00:30 Australia Retail sales (MoM) November +0.4% +0.3% +0.1%

00:30 Australia Retail Sales Y/Y November +5.7% +4.5%

01:30 China PPI y/y December -2.7% -3.1% -3.3%

01:30 China CPI y/y December +1.4% +1.5% +1.5%

05:00 Japan Leading Economic Index November 104.5 Revised From 104.0 104.9 103.8

05:00 Japan Coincident Index November 109.9 108.9

06:45 Switzerland Unemployment Rate December 3.2% Revised From 3.1% 3.1% 3.2%

07:00 Germany Current Account November 22.5 Revised From 23.1 18.6

07:00 Germany Industrial Production s.a. (MoM) November +0.6% +0.4% -0.1%

07:00 Germany Industrial Production (YoY) November +1.2% Revised From +0.8% -0.5%

07:00 Germany Trade Balance November 20.8 Revised From 20.6 19.6 17.7

07:45 France Industrial Production, m/m November -0.7% Revised From -0.8% +0.4% -0.3%

07:45 France Industrial Production, y/y November -1.0% -2.6%

07:45 France Trade Balance, bln November -4.6 -4.5 -3.2

08:15 Switzerland Consumer Price Index (MoM) December 0.0% -0.3% -0.5%

08:15 Switzerland Consumer Price Index (YoY) December -0.1% -0.1% -0.3%

09:30 United Kingdom Industrial Production (MoM) November -0.3% Revised From -0.1% +0.2% -0.1%

09:30 United Kingdom Industrial Production (YoY) November +1.0% +1.6% +1.1%

09:30 United Kingdom Manufacturing Production (MoM) November -0.7% +0.3% +0.7%

09:30 United Kingdom Manufacturing Production (YoY) November +1.7% +2.3% +2.7%

09:30 United Kingdom Trade in goods November -9.8 Revised From -9.6 -9.5 -8.8

The U.S. dollar traded lower against the most major currencies ahead of the U.S. labour market data. The U.S. unemployment rate is expected to fall to 5.7% in December. The U.S. economy is expected to add 241,000 jobs in December.

The euro traded slightly higher against the U.S. dollar despite the mostly weak economic data from the Eurozone. German industrial production declined 0.1% in November, missing forecasts of a 0.4% rise, after a 0.6% gain in October. October's figure was revised up from a 0.2% increase.

Germany's trade surplus decreased to €17.7 billion in November from €20.8 billion in October, missing expectations for a decline to €19.6 billion. October's figure was revised up from a surplus of €20.6 billion.

France's trade deficit narrowed to €3.2 billion in November from €4.6 billion in October, beating expectations for a decline to a deficit of €4.5 billion.

Industrial production in France declined 0.3% in November, missing expectations for a 0.4% gain, after a 0.7% drop in October. October's figure was revised up from a 0.8% decline.

Political uncertainty in Greece still weighed on the euro.

The British pound traded higher against the U.S. dollar after the better-than expected manufacturing output data from the U.K. Manufacturing production in the U.K. rose 0.7% in November, exceeding expectations for a 0.3% rise, after a 0.7% drop in October.

On a yearly basis, manufacturing production in the U.K. increased 2.7% in November, beating expectations for a 2.3% gain, after a 1.7% rise in October.

Industrial production in the U.K. decreased 0.1% in November, missing forecasts of a 0.2% rise, after a 0.3% decline in October. October's figure was revised down from a 0.1% decrease.

The decline was driven by falling oil and gas prices and maintenance shutdowns at two large fields in the North Sea.

On a yearly basis, industrial production in the U.K. rose 1.1% in November, missing expectations for a 1.6% rise, after a 1.0% gain in October. October's figure was revised down from a 1.1% gain.

The U.K. trade deficit fell to £8.8 billion in November from £9.8 billion in October, beating expectations for a deficit of £9.5 billion. October's figure was revised down from a deficit of £9.6 billion.

The Canadian dollar traded higher against the U.S. dollar ahead of Canadian labour market data. The unemployment rate in Canada is expected to remain unchanged at 6.6% in December.

Canada's economy is expected to add 10,300 jobs in December.

The Swiss franc traded higher against the U.S. dollar. Switzerland's unemployment rate remained unchanged at 3.2% in December. November's figure was revised down from 3.1%. Analysts had expected the unemployment rate to fall to 3.1%.

Switzerland's consumer price index dropped 0.5% in December, missing expectations for a 0.3% fall, after a flat reading in November.

On a yearly basis, Switzerland's consumer price index declined 0.3% in December, missing expectations for a 0.1% drop, after a 0.1% decrease in November.

EUR/USD: the currency pair rose to $1.1820

GBP/USD: the currency pair increased to $1.5160

USD/JPY: the currency pair fell to Y119.16

The most important news that are expected (GMT0):

13:30 Canada Building Permits (MoM) November +0.7% +0.8%

13:30 Canada Employment December -10.7 +10.3

13:30 Canada Unemployment rate December 6.6% 6.6%

13:30 U.S. Average hourly earnings December +0.4% +0.2%

13:30 U.S. Nonfarm Payrolls December 321 241

13:30 U.S. Unemployment Rate December 5.8% 5.7

15:00 United Kingdom NIESR GDP Estimate December +0.7%

EUR/USD

Offers $1.2200, $1.2150, $1.2125/20, $1.2100, $1.2000, $1.1895/00

Bids $1.1750, $1.1700, $1.1620, $1.1600

GBP/USD

Offers $1.5485, $1.5430, $1.5400, $1.5320/00, $1.5200

Bids $1.5030, $1.5000, $1.4980, $1.4910, $1.4800/10

AUD/USD

Offers $0.8250, $0.8200, $0.8165/60

Bids $0.8100, $0.8035, $0.8000, $0.7950

EUR/JPY

Offers Y146.00/05, Y145.50, Y145.30, Y144.15, Y143.00, Y141.70//75

Bids Y140.40/50, Y140.00

USD/JPY

Offers Y121.85, Y121.50, Y121.20, Y120.90/00, Y119.95/00

Bids Y118.70, Y118.05, Y118.00, Y117.00, Y116.80

EUR/GBP

Offers stg0.7900, stg0.7880/85, stg0.7875, stg0.7855

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

The U.K. Office for National Statistics released manufacturing and industrial production figures on Friday. Manufacturing production in the U.K. rose 0.7% in November, exceeding expectations for a 0.3% rise, after a 0.7% drop in October.

On a yearly basis, manufacturing production in the U.K. increased 2.7% in November, beating expectations for a 2.3% gain, after a 1.7% rise in October.

Industrial production in the U.K. decreased 0.1% in November, missing forecasts of a 0.2% rise, after a 0.3% decline in October. October's figure was revised down from a 0.1% decrease.

The decline was driven by falling oil and gas prices and maintenance shutdowns at two large fields in the North Sea.

On a yearly basis, industrial production in the U.K. rose 1.1% in November, missing expectations for a 1.6% rise, after a 1.0% gain in October. October's figure was revised down from a 1.1% gain.

EUR/USD: $1.1750(E531mn), $1.1900(E1.5bn), $1.1980(E1.5bn), $1.2000(E4.0bn)

USD/JPY: Y118.00($7.0bn), Y119.50($2.1bn), Y120.00($1.5bn), Y121.00($2.1bn)

EUR/CHF: Chf1.2010(E200mn)

AUD/USD: $0.8075(A$257mn), $0.8100(A$300mn), $0.8105(A$315mn)

NZD/USD: $0.7780(NZ$250mn)

USD/CAD: C$1.1700($681mn)

EUR / USD

Resistance levels (open interest**, contracts)

$1.2015 (3178)

$1.1953 (1997)

$1.1867 (1358)

Price at time of writing this review: $ 1.1807

Support levels (open interest**, contracts):

$1.1756 (2206)

$1.1692 (1944)

$1.1647 (868)

Comments:

- Overall open interest on the CALL options with the expiration date January, 9 is 74286 contracts, with the maximum number of contracts with strike price $1,2500 (6643);

- Overall open interest on the PUT options with the expiration date January, 9 is 59374 contracts, with the maximum number of contracts with strike price $1,1900 (5347);

- The ratio of PUT/CALL was 0.80 versus 0.86 from the previous trading day according to data from January, 8

GBP/USD

Resistance levels (open interest**, contracts)

$1.5400 (1115)

$1.5300 (1722)

$1.5201 (585)

Price at time of writing this review: $1.5092

Support levels (open interest**, contracts):

$1.4998 (1193)

$1.4900 (502)

$1.4800 (381)

Comments:

- Overall open interest on the CALL options with the expiration date January, 9 is 33029 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 25396 contracts, with the maximum number of contracts with strike price $1,5500 (2592);

- The ratio of PUT/CALL was 0.77 versus 0.75 from the previous trading day according to data from January, 8

* - 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.