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    Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the positive inflation data from the Eurozone | 02.03.2015

     

    Economic calendar (GMT0):

     

     

    00:00 Australia HIA New Home Sales, m/m January -1.9% 1.8%

    00:30 Australia Company Operating Profits Quarter IV 0.4% Revised From 0.5% 0.7% -0.2%

    01:35 Japan Manufacturing PMI (Finally) February 51.5 51.5 51.6

    01:45 China HSBC Manufacturing PMI (Finally) February 50.1 50.1 50.7

    05:30 Australia Commodity Prices, Y/Y February -19.2% Revised From -20.4% -20.6%

    07:00 United Kingdom Nationwide house price index February 0.3% -0.1%

    07:00 United Kingdom Nationwide house price index, y/y February 6.8% 5.7%

    08:30 Switzerland Manufacturing PMI February 48.2 47.3

    08:50 France Manufacturing PMI (Finally) February 47.7 47.7 47.6

    08:55 Germany Manufacturing PMI (Finally) February 50.9 50.9 51.1

    09:00 Eurozone Manufacturing PMI (Finally) February 51.1 51.1 51.0

    09:30 United Kingdom Mortgage Approvals January 60.3 61.0 60.7

    09:30 United Kingdom Purchasing Manager Index Manufacturing February 53.1 Revised From 53.0 54.1

    09:30 United Kingdom Net Lending to Individuals, bln January 2.1 2.8 2.4

    10:00 Eurozone Unemployment Rate January 11.3% Revised From 11.4% 11.4% 11.2%

    10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) February -0.6% -0.5% -0.3%

    The U.S. dollar traded mixed against the most major currencies ahead the U.S. economic data. The ISM manufacturing purchasing managers' index is expected to decline to 53.4 in February from 53.5 in January.

     

     

    The euro traded higher against the U.S. dollar after the positive inflation data from the Eurozone. The inflation in the Eurozone rose to an annual rate of -0.3% in February from -0.6% in January. Analysts had expected a 0.5% drop.

     

     

    Eurozone's unemployment rate fell to 11.2% in January from 11.3% in December. Analysts had expected the unemployment rate to climb to 11.4%. December's figure was revised up from 11.4%.

     

     

    Eurozone's final manufacturing purchasing managers' index (PMI) fell to 51.0 in February from a preliminary reading of 51.1. Analysts had expected the final index to remain unchanged at 51.1.

     

     

    Germany's final manufacturing PMI increased to 51.1 in February from a preliminary reading of 50.9. Analysts had expected the final index to remain unchanged at 50.9.

     

     

    France's final manufacturing PMI decreased to 47.6 in February from a preliminary reading of 47.7. Analysts had expected the final index to remain unchanged at 47.7.

     

     

    The British pound traded lower against the U.S. dollar after the mostly negative economic data from the U.K. Net lending to individuals in the U.K. increased by £2.4 billion in January, after a £2.1 billion gain in December, missing expectations for a rise by £2.8 billion. December's figure was revised down from a £2.2 billion increase.

     

     

    The number of mortgages approvals in the U.K. increased by 60,786 in January, after a gain by 60,349 in December.

     

     

    The U.K. manufacturing PMI increased to 54.1 in February from 53.1 in January. January's figure was revised up from 53.0.

     

     

    The U.K. house price index decreased 0.1% in January, after a 0.3% rise in December.

     

     

    On a yearly basis, the U.K. house price inflation fell to 5.7% in January from 6.8% in December.

     

     

    The Canadian dollar traded slightly higher against the U.S. dollar ahead of Canadian current account data. Canadian current account deficit is expected to narrow to C$7.4 billion in the fourth quarter from a deficit of C$8.4 billion in the third quarter.

     

     

    EUR/USD: the currency pair rose to $1.1240

     

     

    GBP/USD: the currency pair declined to $1.5379

     

     

    USD/JPY: the currency pair fell to Y119.66

     

     

    The most important news that are expected (GMT0):

     

     

    13:30 Canada Current Account, bln Quarter IV -8.4 -7.4

    13:30 U.S. Personal Income, m/m January 0.3%

    13:30 U.S. Personal spending January -0.3%

    13:30 U.S. PCE price index ex food, energy, m/m January 0.0% 0.1%

    13:30 U.S. PCE price index ex food, energy, Y/Y January 1.3%

    15:00 U.S. ISM Manufacturing February 53.5 53.4


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