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Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the better-than-expected construction PMI from the U.K. | 03.02.2015


Economic calendar (GMT0):



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



00:30 Australia Building Permits, m/m December 7.7% Revised From 7.5% -4.8% -3.3%

00:30 Australia Building Permits, y/y December 10.1% 8.8%

00:30 Australia Trade Balance December -1.02 Revised From -0.93 -0.85 -0.44

03:30 Australia Announcement of the RBA decision on the discount rate 2.50% 2.50% 2.25%

03:30 Australia RBA Rate Statement

07:00 Switzerland Trade Balance December 3.87 1.5

09:30 United Kingdom PMI Construction January 57.6 56.9 59.1

10:00 Eurozone Producer Price Index, MoM December -0.4% -0.7% -1.0%

10:00 Eurozone Producer Price Index (YoY) December -1.6% -2.7%

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. factory orders. Factory orders in the U.S. are expected to decline 1.8% in December, after a 0.7% drop in November.



The euro traded mixed against the U.S. dollar after the producer price index from the Eurozone. Eurozone's producer price index dropped 1.0% in December, missing expectations for a 0.7% decrease, after a 0.4% decline in November.



The British pound traded higher against the U.S. dollar after the better-than-expected construction PMI from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. rose to 59.1 in January from 57.6 in December, beating expectations for a decline to 56.9.



The Canadian dollar traded higher against the U.S. dollar ahead of Canadian raw materials purchase price index. Canada's raw materials purchase price index is expected to decline 4.6% in December, after a 5.8% drop in November.



EUR/USD: the currency pair traded mixed




GBP/USD: the currency pair rose to $1.5081



USD/JPY: the currency pair increased to Y117.53



The most important news that are expected (GMT0):



13:30 Canada Raw Material Price Index December -5.8% -4.6%

15:00 U.S. Factory Orders December -0.7% -1.8%

21:45 New Zealand Employment Change, q/q Quarter IV 0.8% 0.8%

21:45 New Zealand Unemployment Rate Quarter IV 5.4% 5.3%

23:00 New Zealand RBNZ Governor Graeme Wheeler Speaks

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