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    16.02.2016 13:20 Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the weak ZEW economic sentiment data from Germany and the Eurozone

    Economic calendar (GMT0):

     

     

    (Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

     

     

    00:30 Australia RBA Meeting's Minutes

    02:00 China New Loans January 597.8 1800 2510

    09:30 United Kingdom Producer Price Index - Input (MoM) January -0.3% Revised From -0.8% -1.4% -0.7%

    09:30 United Kingdom Retail prices, Y/Y January 1.2% 1.4% 1.3%

    09:30 United Kingdom Producer Price Index - Output (MoM) January -0.3% Revised From -0.2% -0.2% -0.1%

    09:30 United Kingdom Producer Price Index - Input (YoY) January -10.4% Revised From -10.8% -8.8% -7.6%

    09:30 United Kingdom Producer Price Index - Output (YoY) January -1.4% Revised From -1.2% -0.9% -1.0%

    09:30 United Kingdom Retail Price Index, m/m January 0.3% -0.6% -0.7%

    09:30 United Kingdom HICP, m/m January 0.1% -0.7% -0.8%

    09:30 United Kingdom HICP, Y/Y January 0.2% 0.3% 0.3%

    09:30 United Kingdom HICP ex EFAT, Y/Y January 1.4% 1.3% 1.2%

    10:00 Eurozone ZEW Economic Sentiment February 22.7 10.3 13.6

    10:00 Germany ZEW Survey - Economic Sentiment February 10.2 0 1

    The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The NAHB housing market index is expected to remain unchanged at 60 in February.

     

     

    The NY Fed Empire State manufacturing index is expected to rise to -10.0 in February from -19.37 in January.

     

     

    The euro traded mixed against the U.S. dollar after the release of the weak ZEW economic sentiment data from Germany and the Eurozone. The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany's ZEW economic sentiment index declined to 1.0 in February from 10.2 in January, beating expectations for a fall to 0.0.

     

     

    "The looming slowdown of the world economy and the uncertain consequences of the falling oil price put a strain on the ZEW Indicator of Economic Sentiment. In view of these developments, the concern over an increased credit default risk has already caused stock and bond prices for many banks in Europe, Japan and the US to slump," head of the "International Finance and Financial Management" Research Department at ZEW, Sascha Steffen, said.

     

     

    Eurozone's ZEW economic sentiment index dropped to 13.6 in February from 22.7 in January, beating expectations for a decline to 10.3.

     

     

    The British pound traded lower against the U.S. dollar after the release of the U.K. inflation data. The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index rose to 0.3% year-on-year in January from 0.2% in December, in line with expectations. It was the highest reading since January 2015.

     

     

    The rise was driven by a softer decline in food and fuel prices.

     

     

    On a monthly basis, U.K. consumer prices dropped 0.8% in January, missing expectations for a 0.7% fall, after a 0.1% gain in December.

     

     

    The monthly decline was driven by a drop in air fare prices.

     

     

    Consumer price inflation excluding food, energy, alcohol and tobacco prices decreased to 1.2% year-on-year in January from 1.4% in December, missing expectations for a 1.3% gain.

     

     

    The consumer price inflation is below the Bank of England's 2% target.

     

     

    The Canadian dollar traded lower against the U.S. dollar ahead of the release of the manufacturing shipments data from Canada. Canadian manufacturing shipments are expected to rise 0.7% in December, after a 1.0% gain in November.

     

     

    EUR/USD: the currency pair traded mixed

     

     

    GBP/USD: the currency pair declined to $1.4365

     

     

    USD/JPY: the currency pair fell to Y113.63

     

     

    The most important news that are expected (GMT0):

     

     

    13:30 Canada Manufacturing Shipments (MoM) December 1% 0.7%

    13:30 U.S. NY Fed Empire State manufacturing index February -19.37 -10

    15:00 U.S. NAHB Housing Market Index February 60 60

    21:00 U.S. Total Net TIC Flows December -3.2

    21:00 U.S. Net Long-term TIC Flows December 31.4

    23:50 Japan Core Machinery Orders December -14.4% 4.7%

    23:50 Japan Core Machinery Orders, y/y December 1.2% -3.1%


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