Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Gross Domestic Product (YoY) Quarter IV 2.7% 2.5% 2.5%
00:30 Australia Gross Domestic Product (QoQ) Quarter IV 0.4% Revised From 0.3% 0.5% 0.5%
01:15 U.S. Fed Chairman Janet Yellen Speaks
01:45 China HSBC Services PMI February 51.8 52.0
08:50 France Services PMI (Finally) February 53.4 53.4 53.4
08:55 Germany Services PMI (Finally) February 55.5 55.5 54.7
09:00 Eurozone Services PMI (Finally) February 53.9 53.9 53.7
09:30 United Kingdom Purchasing Manager Index Services February 57.2 57.6 56.7
The U.S. dollar traded mixed to higher against the most major currencies. There were released no major economic reports in the U.S. on Tuesday.
The New Zealand dollar traded mixed against the U.S. dollar in the absence of any major economic reports from New Zealand.
The Australian dollar traded mixed against the U.S. dollar after the Australian gross domestic product (GDP). Australia's GDP climbed 0.5% in the fourth quarter, in line with expectations, after a 0.4% rise in the third quarter. The third quarter's figure was revised up from 0.3% increase.
On a yearly basis, Australia's GDP rose 2.5% in the fourth quarter, in line with expectations, after a 2.7% gain in the third quarter.
Chinese HSBC services purchasing managers' index (PMI) also supported the Aussie. The index rose to 52.0 in February from 51.8 in January.
The Japanese yen traded lower against the U.S. dollar in the absence of any major economic reports from Japan.
EUR/USD: the currency pair fell to $1.1163
GBP/USD: the currency pair decreased to $1.5342
USD/JPY: the currency pair rose to Y119.61
The most important news that are expected (GMT0):
10:00 Eurozone Retail Sales (MoM) January 0.3% 0.2%
10:00 Eurozone Retail Sales (YoY) January 2.8%
13:15 U.S. ADP Employment Report February 213 219
14:00 U.S. FOMC Member Charles Evans Speaks
15:00 Canada Bank of Canada Rate 0.75% 0.75%
15:00 Canada BOC Rate Statement
15:00 U.S. ISM Non-Manufacturing February 56.7 56.5
15:30 U.S. Crude Oil Inventories February 8.4
19:00 U.S. Fed's Beige Book