Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia ANZ Job Advertisements (MoM) January -0.1% 1.0%
01:30 Japan Labor Cash Earnings, YoY January 0.0% 0.1%
05:00 Japan Eco Watchers Survey: Current January 48.7 46.6
05:00 Japan Eco Watchers Survey: Outlook January 48.2 49.5
The euro little changed ahead of major economic data scheduled for this week. Euro zone GDP report will be published on Friday. The GDP is expected to have grown by 0.3% in the fourth quarter of 2015 after growth of 0.3% in the third quarter. Economists believe that the euro zone economy grew steadily despite global economic uncertainties. Growth was driven by German and Italian economies.
The yen declined against the U.S. dollar after gaining 3.6% last week (the fastest growth since July 2009). Current account data weighed on the currency. Data showed that Japan's current account came in at ¥960.7 billion vs ¥987.0 billion expected and ¥1,143.5 billion recorded previously.
The Australian dollar climbed at the beginning of the session, but remained under pressure amid a stronger U.S. dollar. ANZ released its job advertisements data today. The corresponding index rose by 1.0% in January. The index rose by 10.8% on a y/y basis. A high reading of the index is positive for the Australian economy. Analysts note strong employment growth in Australia in 2015.
EUR/USD: the pair fluctuated within $1.1125-50 in Asian trade
USD/JPY: the pair rose to Y117.35
GBP/USD: the pair traded within $1.4480-15
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
07:00 Germany Industrial Production s.a. (MoM) December -0.3% 0.4%
09:30 Eurozone Sentix Investor Confidence February 9.6 7.2
13:15 Canada Housing Starts January 173
13:30 Canada Building Permits (MoM) December -19.6% 5%
15:00 U.S. Labor Market Conditions Index January 2.9
17:05 Canada Gov Council Member Lane Speaks