Euro fell against the U.S. dollar , which was associated with the comments of representatives of the ECB. Note that today, ECB Governing Council member Christian Noyer that interest rates should remain low for an extended period of time , and if necessary they can be further reduced , as officials try to ensure price stability in the euro area .

"If regular monetary policy stops working , in order to achieve price stability, the central bank must " invent " policy" , - said Noyer , suggesting that after a sudden deceleration of inflation , the ECB leaves all options open. "We see a risk that inflation will remain low for some time . We will keep interest rates low for an extended period of time , or even lower , if it is necessary for price stability , " Noyer said .

Meanwhile, ECB executive board member Benoit Ker said that at the moment disinflation in Europe is likely to continue , but will not progress to deflation , because the economy recovers , and inflation expectations remain at around 2 percent. Ker said that the European economy is stabilizing and strengthening the banking sector , but policymakers need to make progress in structural reforms to reduce unemployment and stimulate business investment .

Several euro recoup their losses and retreated from the lows after the latest data from the National Association of Realtors U.S. dollar weakened . The data showed that the number of Americans who signed contracts to buy housing on the secondary market, unexpectedly fell in October , registering with the fifth consecutive monthly decline . Such dynamics is a sign that higher prices and borrowing costs have a negative impact on the housing market recovery .

According to the report , the seasonally adjusted index of pending sales of existing homes fell last month by 0.6 % - to the level of 102.1 , reaching its lowest level in nearly a year . Economists forecast that the value of this indicator will increase by 2.2% , after falling 4.6 % in September ( was revised downward from 5.6% ) .

Pound declined significantly against the dollar after a report showed that the number of mortgage approvals in the UK fell unexpectedly in October. According to the data , the number of mortgages approved for home purchase in October was 42,808 , compared with 43,182 in September. Economists forecast that the value of this index will rise to the level of 45200 .

Nevertheless , it became known that the number of permits for house purchase increased by 33 percent compared to October last year. Note that this growth contributed to the government scheme " help with buying " as well as a mortgage program for those who are first-time buyers .

Meanwhile, data showed that gross mortgage lending was 9.9 billion pounds ($ 16.060 billion ) in October , which was the highest level since December 2009 (when lending stood at £ 10 billion ) . We also recall that in September this indicator was at 9.7 billion pounds . In October last year the volume of lending was 7.5 billion pounds .

In the British Bankers' Association also reported that bank lending to non-financial firms fell to 940 million pounds in October, which followed the growth of 2.234 billion pounds in September. This implies that the demand from firms and access to bank loans is impaired .

The yen fell to a six-month low against the dollar after reaching an agreement with Iran on its nuclear program . Iran and "six" ( five permanent members of the UN Security Council and Germany) on Sunday night during the next round of talks in Geneva have reached an agreement on the Iranian nuclear program ( INP) . Within six months, Iran " freeze " its nuclear program and halt construction of a reactor in Arak . Western countries , in turn, will remove economic sanctions against Tehran . After the deal with Iran , the market is a better attitude towards risk.

Also this week, Statistics Bureau of Japan may report that consumer prices in the country rose in October by 0.9 % in annual terms , after rising 0.7 % the previous month . The acceleration of inflation will testify to the success of efforts to restore the Bank of Japan's economy. Today in Tokyo, Japan's deputy finance minister said that deflation in the country coming to an end and the economy starts recovering.

European stocks advanced, after posting their first weekly loss since October, as Iran agreed to limit its nuclear program.

Iran agreed to limit its nuclear program in exchange for as much as $7 billion in relief from economic sanctions over six months. Iran and the six countries it has entered a pact with -- the U.S., U.K., Germany, France, Russia and China -- aim to conclude a comprehensive deal during that time.

The accord is the first major breakthrough in the dispute over Iran’s nuclear program since 2003. Questions over the purpose of that plan had deepened the rift between Shiite and Sunni Muslims in the Middle East, sparked threats of military action by the U.S. and Israel, and raised concerns that the oil-rich region was heading for a nuclear arms race.

In the U.S., the number of contracts Americans signed to buy previously-owned homes unexpectedly fell in October for a fifth consecutive month. An index of pending home sales decreased 0.6 percent in October, following a revised 4.6 percent drop a month earlier, data from the National Association of Realtors showed. The median forecast of economists in a Bloomberg survey had called for a gain of 1 percent.

National benchmark indexes advanced in 15 of the 18 western European markets. The U.K.’s FTSE 100 climbed 0.3 percent, while France’s CAC 40 added 0.6 percent. Germany’s DAX jumped 0.9 percent.

A gauge of travel and leisure companies gained 1.6 percent for the biggest jump among 19 industry groups in the Stoxx 600. Brent crude futures fell as much as 2.7 percent today. IAG, the parent of British Airways, climbed 2.8 percent to 372.8 pence and Air France advanced 1.9 percent to 7.64 euros.

Peugeot gained 5.1 percent to 10.75 euros after two people familiar with the matter said the board approved hiring former Renault SA Chief Operating Officer Carlos Tavares to replace Philippe Varin as CEO. Varin, 61, plans to step down next year. Europe’s second-largest carmaker is also likely to benefit from the Iran accord. Peugeot sold 458,000 vehicles in Iran in 2011, before the trade sanctions, making it the company’s second-biggest market after France.

Renault, which sold more than 100,000 vehicles in Iran in 2012, added 1.4 percent to 65.33 euros.

Novartis AG advanced 0.8 percent to 72.75 Swiss francs after Natixis upgraded the shares to buy from neutral. The drugmaker’s progress in research for a breast-cancer treatment and the $5 billion share buyback announced last week will result in higher earnings, the brokerage said in a note.

Banco Popolare SC declined 4.2 percent to 1.28 euros and Unione di Banche Italiane SCPA slid 3.1 percent to 4.88 euros after Societe Generale SA reduced its 12-month price forecast on the shares.

Brent crude led energy prices from gasoline to heating oil lower after Iran and world powers reached an interim accord on the country’s nuclear program.

The European grade slid as much as 2.7 percent, narrowing its discount to West Texas Intermediate. The agreement signed yesterday in Geneva limits Iran’s atomic program in exchange for as much as $7 billion in relief from sanctions over six months. Iran’s oil exports will be held to about 1 million barrels a day under restrictions that remain in force.

The agreement was reached after foreign ministers from the U.S., Europe, China and Russia made unscheduled trips yesterday to Geneva to push the third round of talks in six weeks to a conclusion.

Brent for January settlement decreased $1.63, or 1.5 percent, to $109.42 a barrel at 10:11 a.m. on the London-based ICE Futures Europe exchange after falling to $108.05. The volume of all futures was 25 percent above the 100-day average.

WTI for January delivery fell 96 cents, or 1 percent, to $93.88 a barrel on the New York Mercantile Exchange. Volume was near the 100-day average. Prices ended last week’s trading up for the first time since the seven days ended Oct. 4.

Brent, the benchmark for half the world’s crude, narrowed its discount to WTI to as little as $14.32 from Nov. 22’s $16.21, the widest gap since March 14.

Gold prices offset the earlier part of the incurred losses due to the increase in the dollar after the promise collapse Iran 's nuclear program in exchange for partial

abolition of international sanctions.

Iran's government has agreed with six world powers on curbing its nuclear program in exchange for a reduction of economic sanctions , the overall benefit of which will be about $ 7 billion in this transaction also received government relief sanctions relating to the supply of oil, cars and precious metals in the six months .

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Friday fell by 4.5 tonnes to 852.21 tonnes - the lowest level since February 2009 . Investors fear that the Fed will reduce the amount of bond buying , known as " quantitative easing " , in December , relying on the strong economic performance of the United States.

Traders were also watching the situation in the East China Sea : Japan and the United States condemned China's plans to introduce new rules on the use of airspace over the islands , which are subject to the territorial dispute China and Japan. Increased tension will increase the attractiveness of gold as a safe investment and will increase prices.

The cost of the December gold futures on the COMEX today dropped to $ 1225.70 per ounce , and then rose to $ 1244.40 per ounce.

U.S. stock-index futures gained, as Iran agreed to limit its nuclear program.

Global markets:

Nikkei 15,619.13 +237.41 +1.54%

Hang Seng 23,684.45 -11.83 -0.05%

Shanghai Composite 2,186.12 -10.26 -0.47%

FTSE 6,697.24 +22.94 +0.34%

CAC 4,303.27 +24.74 +0.58%

DAX 9,303.75 +84.71 +0.92%

Crude oil $93.41 (-1.51%).

Gold $1230.10 (-1.17%).

USD/JPY Y99.00, Y99.60, Y99.95, Y100.00, Y100.30, Y100.50, Y100.60, Y101.00, Y101.20, Y101.50, Y102.00, Y102.25

EUR/JPY Y134.50

EUR/USD $1.3400, $1.3445, $1.3450, $1.3475, $1.3500, $1.3510, $1.3515, $1.3540, $1.3550, $1.3600

AUD/USD $0.9150, $0.9200, $0.9250

AUD/JPY Y94.00

USD/CAD C$1.0500, C$1.0525, C$1.0560

Data

4:00 Japan BOJ Haruhiko Kuroda speaks

8:15 Switzerland Employed III m 4.17 4.19 4.19

09:30 UK approved applications for mortgage loans as BBA, th October 43.0 45.2 42.8

Euro fell against the U.S. dollar , which was associated with the comments of representatives of the ECB. Note that today, ECB Governing Council member Christian Noyer that interest rates should remain low for an extended period of time , and if necessary they can be further reduced , as officials try to ensure price stability in the euro area .

"If regular monetary policy stops working , in order to achieve price stability, the central bank must " invent " policy" , - said Noyer , suggesting that after a sudden deceleration of inflation , the ECB leaves all options open.

"We see a risk that inflation will remain low for some time . We will keep interest rates low for an extended period of time , or even lower , if it is necessary for price stability , " Noyer said .

Meanwhile, ECB executive board member Benoit Ker said that at the moment disinflation in Europe is likely to continue , but will not progress to deflation , because the economy recovers , and inflation expectations remain at around 2 percent. Ker said that the European economy is stabilizing and strengthening the banking sector , but policymakers need to make progress in structural reforms to reduce unemployment and stimulate business investment .

It should also be noted that many market participants are waiting for the publication of data on the U.S. housing market and the index of manufacturing activity Dallas Fed . Experts expect that the number of pending home sales rose 2.2 percent in October after rising 5.5 percent the previous month.

Pound declined significantly against the dollar , as the report showed that the number of mortgage approvals in the UK fell unexpectedly in October. According to the data , the number of mortgages approved for home purchase in October was 42,808 , compared with 43,182 in September. Economists forecast that the value of this index will rise to the level of 45200 .

Nevertheless , it became known that the number of permits for house purchase increased by 33 percent compared to October last year. Note that this growth contributed to the government scheme " help with buying " as well as a mortgage program for those who are first-time buyers .

Meanwhile, data showed that gross mortgage lending was 9.9 billion pounds ($ 16.060 billion ) in October , which was the highest level since December 2009 (when lending stood at £ 10 billion ) . We also recall that in September this indicator was at 9.7 billion pounds . In October last year the volume of lending was 7.5 billion pounds .

In the British Bankers' Association also reported that bank lending to non-financial firms fell to 940 million pounds in October, which followed the growth of 2.234 billion pounds in September. This implies that the demand from firms and access to bank loans is impaired .

The yen fell to a six-month low against the dollar after reaching an agreement with Iran on its nuclear program . Iran and "six" ( five permanent members of the UN Security Council and Germany) on Sunday night during the next round of talks in Geneva have reached an agreement on the Iranian nuclear program ( INP) . Within six months, Iran " freeze " its nuclear program and halt construction of a reactor in Arak . Western countries , in turn, will remove economic sanctions against Tehran . After the deal with Iran , the market is a better attitude towards risk.

Also this week, Statistics Bureau of Japan may report that consumer prices in the country rose in October by 0.9 % in annual terms , after rising 0.7 % the previous month . The acceleration of inflation will testify to the success of efforts to restore the Bank of Japan's economy. Today in Tokyo, Japan's deputy finance minister said that deflation in the country coming to an end and the economy starts recovering.

EUR / USD: during the European session, the pair fell to $ 1.3506

GBP / USD: during the European session, the pair fell to $ 1.6182

USD / JPY: during the European session, the pair rose to Y101.93, then decreased slightly

At 15:00 GMT the U.S. will report on changes in the volume of pending home sales in October. At 16:30 GMT SNB head Thomas Jordan will deliver a speech . At 23:50 GMT the meeting minutes will be published on the Bank of Japan's monetary policy .

EUR/USD

Offers $1.3650, $1.3620/30, $1.3585-600, $1.3560

Bids $1.3510/00, $1.3485/80, $1.3455/45, $1.3420

GBP/USD

Offers $1.6320/30, $1.6300, $1.6280, $1.6250/60, $1.6241

Bids $1.6180/70, $1.6155/50, $1.6125/20, $1.6105/00, $1.6072

AUD/USD

Offers $0.9300, $0.9240/50, $0.9220, $0.9200, $0.9160

Bids $0.9100, $0.9080, $0.9050, $0.9000

EUR/GBP

Offers stg0.8440, stg0.8430, stg0.8415/20, stg0.8395/400, stg0.8380/85, stg0.8366

Bids stg0.8341, stg0.8340, stg0.8333, stg0.8300

EUR/JPY

Offers Y138.80, Y138.50, Y138.20, Y138.00, Y137.99

Bids Y137.00, Y136.50, Y136.00, Y135.80

USD/JPY

Offers Y103.00, Y102.80, Y102.50, Y102.25, Y102.00, Y101.92

Bids Y101.60/50, Y101.20, Y101.00, Y100.80, Y100.50

European stocks advanced, after posting their first weekly loss since early October, as Iran agreed to limit its nuclear program and as investors awaited a report on U.S. pending-home sales. U.S. stock-index futures and Asian shares climbed.

The Stoxx Europe 600 Index advanced 0.5 percent to 324.36 at 10:39 a.m. in London. The benchmark gauge last week slipped less than 0.1 percent, the first loss since Oct. 4. It has surged 16 percent this year as central banks around the world maintained stimulus measures.

The accord is the first major breakthrough in the dispute over Iran’s nuclear program since 2003. Questions over the purpose of that plan had deepened the rift between Shiite and Sunni Muslims in the Middle East, sparked threats of military action by the U.S. and Israel, and raised concerns that the oil-rich region was heading for a nuclear arms race.

In the U.S., an index of pending home sales increased 1.1 percent in October, following a 5.6 percent drop a month earlier, economists forecast.

A gauge of travel and leisure companies posted the biggest jump among 19 industry groups in the Stoxx 600, gaining 1.7 percent.

IAG, the parent of British Airways, climbed 3 percent to 373.6 pence and Air France advanced 1.5 percent to 7.62 euros.

Peugeot gained 3.7 percent to 10.61 euros after two people familiar with the matter said CEO Philippe Varin plans to step down next year and hire former Renault SA (RNO) Chief Operating Officer Carlos Tavares as his replacement. Pierre-Olivier Salmon, a Peugeot spokesman, declined to comment. Europe’s second-largest carmaker is also likely to benefit from the Iran accord. Peugeot sold 458,000 vehicles in Iran in 2011, before the trade sanctions, making it the company’s second-biggest market after France.

Fresenius Medical Care, the world’s biggest provider of kidney dialysis, jumped 8.6 percent to 51.99 euros, the largest gain since October 2008. Medicare & Medicaid Services issued a final rule on Nov. 22 that keeps payments to companies including Fresenius Medical Care unchanged for 2014. The original proposal was for a 9.4 percent cut.

Banco Popolare SC (BP) declined 3.5 percent to 1.29 euros and Unione di Banche Italiane SCPA (UBI) slid 2.3 percent to 4.93 euros after Societe Generale SA reduced its 12-month price forecast on the shares.

The French brokerage estimated that Italian banks will need 44 billion euros more in provisions for their bad loans. Italian lenders’ non-performing loans as a proportion of lending rose in September to the highest level since November 1999, according to data published by the Italian Banking Association on Nov. 19.

FTSE 100 6,694.9 +20.60 +0.31%

CAC 40 4,299.91 +21.38 +0.50%

DAX 9,297.25 +78.21 +0.85%

USD/JPY Y99.00, Y99.60, Y99.95, Y100.00, Y100.30, Y100.50, Y100.60, Y101.00, Y101.20, Y101.50, Y102.00, Y102.25

EUR/JPY Y134.50

EUR/USD $1.3400, $1.3445, $1.3450, $1.3475, $1.3500, $1.3510, $1.3515, $1.3540, $1.3550, $1.3600

AUD/USD $0.9150, $0.9200, $0.9250

AUD/JPY Y94.00

USD/CAD C$1.0500, C$1.0525, C$1.0560

Asian stocks rose, with the regional benchmark index rebounding from last week’s drop, as the yen weakened, Iran agreed to limit its nuclear program and investors bet improving U.S. economic data will boost earnings.

Nikkei 225 15,619.13 +237.41 +1.54%

S&P/ASX 200 5,352.83 +16.92 +0.32%

Shanghai Composite 2,186.12 -10.26 -0.47%

Nikon Corp. advanced 3.6 percent as the yen touched the weakest level in almost six months against the dollar, boosting the outlook for Japanese exporters.

Warrnambool Cheese & Butter Factory Co. climbed 2 percent in Sydney after Saputo Inc. raised its offer for the dairy.

Beadell Resources Ltd. slumped 8.4 percent, leading Australian gold miners lower as the price of the precious metal retreated after Iran agreed to limit its nuclear program in exchange for as much as $7 billion of relief from economic sanctions.

04:00 Japan BOJ Governor Haruhiko Kuroda Speaks

The yen touched the weakest in almost six months as demand for the safety of the Japanese currency waned and Asian stocks gained after an accord was struck to set limits on Iran’s nuclear program. Iran agreed to curtail its nuclear activities and in return won an easing of “certain sanctions” on oil, auto parts, gold and precious metals. The deal, which is reversible, was announced yesterday after five days of talks in Geneva.

The yen traded near a four-year low against the euro before a report this week that may show Japan’s inflation accelerated in October to the fastest pace since 2008. Japan’s statistics bureau may say on Nov. 29 the nation’s consumer prices excluding fresh food rose 0.9 percent last month from a year earlier, according to the median estimate of economists surveyed by Bloomberg News. The Bank of Japan said in April it wanted to achieve 2 percent inflation in about two years. Deflation is coming to an end in Japan and the nation’s economy overall is recovering as expected, Mitsuhiro Furusawa, vice minister of finance for international affairs said at forum in Tokyo today.

The dollar strengthened versus most of its 16 major peers before data that may indicate pending home sales rebounded last month. In the U.S., pending home sales probably climbed 1.1 percent last month after falling 5.6 percent in September, a separate poll of analysts showed before today’s data is released by the National Association of Realtors today.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.3535-60

GBP / USD: during the Asian session, the pair rose to $ 1.6240

USD / JPY: during the Asian session, the pair rose above Y101.80

BBA home loans data at 0930GMT provides the domestic interest this morning in an otherwise data light day.

04:00 Japan BOJ Governor Haruhiko Kuroda Speaks

08:15 Switzerland Employment Level Quarter III 4.17 4.19

09:30 United Kingdom BBA Mortgage Approvals October 43.0 45.2

15:00 U.S. Pending Home Sales (MoM) October -5.6% +2.2%

16:30 Switzerland SNB Chairman Jordan Speaks

21:15 Eurozone ECB's Jens Weidmann Speaks

22:15 Australia RBA Assist Gov Lowe Speaks

23:50 Japan CSPI, y/y October +0.7% +0.9%

23:50 Japan Monetary Policy Meeting Minutes