Market news
30.10.2012, 13:15

European session: the euro rose sharply

Data

00:00 Australia HIA New Home Sales, m/m September -5.3% -3.7%

03:00 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%

03:00 Japan BoJ Monetary Policy Statement -

06:00 Japan BOJ Outlook Report October

07:00 Switzerland UBS Consumption Indicator September 1.02 1.07

07:25 Japan BOJ Press Conference -

08:00 Eurozone ECB President Mario Draghi Speaks -

08:55 Australia RBA Assist Gov Lowe Speaks -

08:55 Germany Unemployment Change October 12K 10K 20K

08:55 Germany Unemployment Rate s.a. October 6.9% 6.9% 6.9%

10:00 Eurozone Business climate indicator October -1.34 -1.42 -1.62

10:00 Eurozone Industrial confidence October -15.9 -17.0 -18.0

11:00 United Kingdom CBI retail sales volume balance October 6 8 30

12:30 Canada Raw Material Price Index September +3.4% +1.2% +1.3%

12:30 Canada Industrial Product Prices, m/m September -0.1% +0.2% +0.5%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y August +1.2% +1.9% +2.0%

 

The yen strengthened against the dollar, reaching a maximum at the same level for more than a week, as the Bank of Japan announced a second round of easing over the past two months has disappointed some investors. As it became known to the Bank of Japan expanded its asset-purchase program to 11 trillion yen to the level of 91 trillion yen. Note that the economists predicted that the amount of expansion will be from 10 to 20 trillion. yen.

Also released today data showed that industrial production in Japan fell by 4.1% in September, topping with the most pessimistic estimate of economists.

At the same time, demand for the yen as a safe haven asset is increased by the background that the largest tropical storm "Sandy" reached the U.S. north-east coast.

The pound sterling rose against the dollar after a report showed that retail sales according to the Confederation of British Industry UK has increased significantly in October and reached a level of 30, compared with a value of 6 in the last month. Note that many economists expect that figure to increase to the level of just 8.

The dollar fell against the euro on concerns about the weather conditions in the United States. Decline continued even after data showed that the number of unemployed in Germany rose in September to two times more than expected and reached 20,000 people. Also, the report showed that the unemployment rate rose to the level of 6.9% as compared to the previous month, the index for which was revised upwards. The situation has not changed even after the published price index of S & P / Case-Shiller showed a growth rate of 2.0% in August, compared with expectations of 1.9% and an increase of 1.2% last month.

At the same time, data from the National Statistics Institute in Madrid showed that Spain's economy declined in the third quarter, registering with the fifth quarterly decline.

The Canadian dollar rose during trading above parity with the U.S. dollar, which was the first time since August, as the appetite for risk among investors has declined. But in spite of this, the exchange rate could still recover all their lost ground, and continued to strengthen after the published data showed that the index of commodity prices and the prices of industrial goods rose more than analysts had forecast.


EUR/USD: during the session, the pair shows a rapid growth, and is now trading at the maximum values ​​of the day

GBP/USD: pair increased significantly, by setting high at $ 1.6080 and then retreated slightly

USD/JPY: pair during the session trading in a narrow range


At 20:30 GMT, the U.S. announced the change of volume of crude oil, according to the API for October. At 21:45 GMT New Zealand reported a change in the volume of building permits issued in September.


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