Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
05:00 Japan Leading Economic Index (Finally) November 104.2 103.9 103.5
05:00 Japan Coincident Index (Finally) November 113.3 116.6 111.9
09:00 Germany IFO - Business Climate January 108.6 Revised From 108.7 108.4 107.3
09:00 Germany IFO - Current Assessment January 112.8 112.8 112.5
09:00 Germany IFO - Expectations January 104.6 Revised From 104.7 104.1 102.4
11:00 Germany Bundesbank Monthly Report
The U.S. dollar traded mixed against the most major currencies in the absence of any major economic reports from the U.S.
The euro traded mixed against the U.S. dollar after the weaker-than-expected Ifo business climate index data from Germany. German Ifo Institute released its business confidence figures for Germany on Monday. German business confidence index declines to 107.3 in January from 108.6 in December. December's figure was revised down from 108.7.
Analysts had expected the index to fall to 108.4.
"The year started with an unpleasant surprise for the German economy," Ifo President Hans-Werner Sinn said.
The Ifo current conditions index decreased to 112.5 from 112.8. Analysts had expected the index to remain unchanged at 112.8.
The Ifo expectations index dropped to 102.4 from 104.6, missing expectations for a decrease to 104.1. December's figure was revised down from 104.7.
The British pound traded mixed against the U.S. dollar after the release of the Confederation of British Industry's (CBI) industrial order books balance data. The CBI industrial order books balance slid to -15 in January from -7% in December.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair declined to Y118.16
The most important news that are expected (GMT0):
14:00 Belgium Business Climate January -1.4 -1.7
18:00 Eurozone ECB President Mario Draghi Speaks