Market news
04.10.2012, 12:17

European session: the euro is traded upward

Data

00:00 China Bank holiday -

01:30 Australia Building Permits, m/m August -21.2% +4.8% +6.4%

01:30 Australia Building Permits, y/y August -10.6% -14.3% -15.4%

01:30 Australia Retail sales (MoM) August -0.8% +0.5% +0.2%

01:30 Australia Retail Sales Y/Y August +3.5% +3.2%

07:00 United Kingdom Halifax house price index September -0.4% +0.2% -0.4%

07:00 United Kingdom Halifax house price index 3m Y/Y September -0.9% -0.9% -1.2%

11:00 United Kingdom Asset Purchase Facility - 375 375 375

11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50% 0.50%

11:00 United Kingdom MPC Rate Statement -

11:45 Eurozone ECB Interest Rate Decision - 0.75% 0.75% 0.75%

 

The pound strengthened against the dollar, up from more than three-week low, which it reached yesterday on the background of the fact that the Bank of England decided to keep the size of the program of asset purchases at 375 billion pounds.

Sterling fell for a fifth day against the euro, its lowest level in almost two weeks. The central bank also kept its key interest rate at a record low of 0.5%.

Also today, the research from Halifax showed that house prices in the UK fell in September, noting in this third consecutive monthly decline. Survey also showed that prices are expected to remain generally stable during the rest of the year and in 2013.

Euro rose against the U.S. dollar against the publication of the ECB decision on the base rate, which remained at a record low - 0.75% per annum. In addition, growth was sustained performance of auctions of debt securities in Spain. As it became known, the country sold bonds worth 3.992 billion euros at the planned 3 billion - 4 billion. Spain, which is considered a prime candidate for help, still delay seeking international support.

Demand for the dollar was limited ahead of today's publication of the minutes of the Federal Reserve on September 13, when the Fed chief has announced the third round of quantitative easing, which leads to a reduction in price of the dollar.

Australian dollar in the early session, fell to four-week low after the publication of disappointing data on retail sales in the country. The index is only partially corrected the July drop and you still do not live up to expectations (+0.2% m / m vs. 0.4% m / m, and before. -0.8% M / m). Another report released today also does not change the gloomy assessments of the prospects of the market housing in Australia, showing that in August, building permits increased by 6.4% m / m, but fell by 15.4% y / y vs. +4, 7% m / m, -14.3% y / y


EUR / USD: pair set high at $ 1.2970, near which now trades

GBP / USD: a pair of mid-session shows sremitelny growth utsanoviv high at $ 1.6132, but now retreated slightly to $ 1.6108

USD / JPY: the pair is trading with an increase, setting all-time high at Y78.72


At 12:30 GMT the euro area will be the monthly press conference of the ECB. At 12:30 GMT the United States will report on the number of initial claims for unemployment insurance and the number of repeated applications for unemployment benefits. At 14:00 GMT in Canada comes from the PMI index Ivey (seasonally adjusted) in September. At 14:00 GMT the United States will provide data on changes in the volume of industrial orders in August. At 14:00 GMT, Canada will release from the Ivey PMI index for September.


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