Market news
03.10.2012, 12:02

European session: the euro is traded upward

Data

00:00 China Bank holiday -

01:00 China Non-Manufacturing PMI September 56.3 53.7

01:00 Australia HIA New Home Sales, m/m August -5.6% -5.3%

01:30 Australia Trade Balance August -0.56 -0.62 -2.03

06:00 Germany Bank holiday -

07:50 France Services PMI (finally) September 46.1 46.1 45.0

07:55 Germany Services PMI (finally) September 50.6 50.6 49.7

08:00 Eurozone Services PMI (finally) September 46.0 46.0 46.1

08:30 United Kingdom Purchasing Manager Index Services September 53.7 53.1 52.2

09:00 Eurozone Retail Sales (MoM) August -0.2% 0.0% +0.1%

09:00 Eurozone Retail Sales (YoY) August -1.7% -1.9% -1.3%

 

The euro rose against the dollar, as the report showed that the index of business activity in the services sector and retail sales unexpectedly rose, topping with analysts' expectations. The single currency rose against all 16 major currencies due to the fact that market participants are waiting for press conference of the ECB, which will be held tomorrow. Also pressure on the pair has what tomorrow will feature minutes of the meeting FOMC, which can seriously affect the mood of the market and cause sharp fluctuations in exchange rates.

The Australian dollar fell almost to the lowest level in the last month, after data showed that the trade deficit increased, registering with the highest level since 2008. It is learned that the country's trade deficit in August was almost three times greater than the median forecast of economists. Imports exceeded exports by $ 2.03 billion ($ 2.07 billion) in August from a revised July deficit of $ 1.53 billion decline was also supported by the data which was released in China, according to which the index of activity in the non-manufacturing sector showed the weakest growth growth since March 2011.

The dollar index, which is the U.S. currency against six major trading partner currencies was 79.751, after falling by 0.2% over the past two days.

Yen continued its three-day decline against the dollar ahead of a meeting of the Bank of Japan, which will be held tomorrow.


EUR / USD: pair rose to $ 1.2938, but was unable to hold out, and it fell, and is now trading at $ 1.2904

GBP / USD: the pair decreased to $ 1.6083, but was able to recover and is now at $ 1.6112

USD / JPY: the pair is trading with an increase, setting all-time high at Y78.31


At 12:15 GMT the U.S. will publish data on the change in the number of employees from ADP in September. At 14:00 GMT the U.S. will composite index ISM non-manufacturing areas in September. At 14:30 GMT the United States will present data on stocks of crude oil from the Department of Energy. At 18:00 GMT the U.S. will be publication of the minutes of the Fed meeting in September. At 22:00 GMT New Zealand will release a sentiment indicator of the business environment of the NZIER Q3. At 23:30 GMT Australia is to publish the index of activity in the service of the AiG in September.


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