Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia Changing the number of employed April 48.1 Revised From 37.7 5.0 -2.9
01:30 Australia Unemployment rate April 6.1% 6.2% 6.2%
05:45 Switzerland SECO Consumer Climate Quarter I -6 -6
06:00 United Kingdom Parliamentary Elections
06:00 Germany Factory Orders s.a. (MoM) March -0.9% 1.5% 0.9%
06:00 Germany Factory Orders n.s.a. (YoY) March -1.3% 1.9%
06:45 France Industrial Production, m/m March 0.5% Revised From 0.0% 0.0% -0.3%
06:45 France Industrial Production, y/y March 1.2% Revised From 0.3% 1.3%
06:45 France Trade Balance, bln March -3.60 Revised From -3.44 -3.6 -4.58
07:00 Switzerland Foreign Currency Reserves April 522.4 Revised From 522.3 521.9
The U.S. dollar traded mixed against the most major currencies ahead of the number of initial jobless claims from the U.S. The number of initial jobless claims in the U.S. is expected to increase by 18,000 to 280,000.
The euro traded lower against the U.S. dollar after the mixed economic data from the Eurozone. German seasonal adjusted factory orders jumped 0.9% in March, missing expectations for a 1.5% increase, after a 0.9% drop in February.
Industrial production in France fell 0.3% in March, missing expectations for a flat reading, after a 0.5% rise in February. February's figure was revised up from a flat reading.
The decline was driven by declines in the production of energy and water.
On a yearly basis, the French industrial production rose 1.3% in March, after a 1.2% gain in February. February's figure was revised down up a 0.3% rise.
France's merchandise trade deficit widened to €4.575 billion in March from €3.623 billion in February. February's figure was revised down from a deficit of €3.4 billion.
The Greek debt crisis still weighs on the euro.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.
The uncertainty around UK's parliamentary elections weighed on the pound. The win of the Conservatives is expected to have a negative impact on the pound as the Conservatives want to carry out a referendum on Britain's membership in the European Union (EU). The Labour Party said that the Britain's exit from the EU will be a catastrophe for the U.K. The Labour Party has promised to reduce the budget deficit.
The United Kingdom Independence Party (UKIP), a Eurosceptic and right-wing populist political party in the U.K., may win seats in the parliament. It will not will contribute to political stability in the U.K.
The Canadian dollar traded lower against the U.S. dollar ahead of the Canadian building permits data. Building permits in Canada are expected to climb 2.5% in March, after a 0.9% drop in February.
The Swiss dollar traded mixed against the U.S. dollar after the economic data from Switzerland. The Swiss National Bank's foreign exchange reserves decreased to 521.888 billion Swiss francs in April from 522.399 billion francs in March. It was the first monthly decline in 2015.
March's figure was revised up from 522.323 billion francs.
The SECO consumer climate index for Switzerland remained unchanged at -6 in the first quarter.
EUR/USD: the currency pair fell to $1.1286
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair decreased to Y119.05
The most important news that are expected (GMT0):
12:30 Canada Building Permits (MoM) March -0.9% 2.5%
12:30 U.S. Initial Jobless Claims May 262 280
23:50 Japan Monetary Policy Meeting Minutes