Market news
02.11.2012, 13:18

European session: the dollar has increased significantly

Data

00:30 Australia Producer price index, q / q Quarter III +0.5% +1.0% +0.6%

00:30 Australia Producer price index, y/y Quarter III +1.1% +1.6% +1.1%

08:50 France Manufacturing PMI (finally) October 43.5 43.5 43.7

08:55 Germany Manufacturing PMI (finally) October 45.7 45.7 46.0

09:00 Eurozone Manufacturing PMI (finally) October 45.3 45.3 45.4

09:30 United Kingdom PMI Construction October 49.5 49.1 50.9

12:30 Canada Unemployment rate October 7.4% 7.4% 7.4%

12:30 Canada Employment October 52.1 7.5 1.8

12:30 U.S. Unemployment Rate October 7.8% 7.9% 7.9%

12:30 U.S. Nonfarm Payrolls October 114 120 171

12:30 U.S. Average hourly earnings October +0.3% +0.2% +0.0%

12:30 U.S. Average workweek October 34.5 34.5 34.4

 

Today, during the day, the euro showed a steady and significant decline against the dollar ahead of the release of the change in the number of people employed in non-agricultural sectors of the economy. Many market participants had pinned great hopes on him, and were pleasantly surprised when it became known that the number of employees increased by 171 thousand, which was much higher than forecast at 120 thousand Note also that positive news was the fact that the figure for the previous month was revised up from 114,000 to 148,000. At the same time, the data showed that the unemployment rate grew to 7.9%, which is fully in line with forecasts, and almost no effect on the mood of traders.

The Canadian dollar traded slightly lower against the dollar before the release of a report from the U.S. and Canadian data. But after the publication of the exchange rate has appreciated sharply. Note that the Canadian data were not as positive as in the U.S.. It is learned that the number of employees increased by only 1.8 thousand, while the projected growth of 7.5 thousand.

Pound during the day was down against the dollar, and could not make a difference, even after a report showed that the index of business activity in the construction sector has exceeded the level of 50 in October and was 50.9, while analysts expected a drop in the index to the level of 49, 1 from 49.5 in September. Once the data released by the U.S. the pound continued to fall, but at a faster pace.

Yen during trading showed a slight decline against the dollar, but after the publication of data from the U.S., the rate fell sharply while still achieving the highest level since April 27.

EUR / USD: during the European session, the pair set a minimum level of $ 1.2846, and is now trading at

GBP / USD: during the European session, the pair showed a significant decline, setting all-time low of $ 1.6025

USD / JPY: during the European session, the pair rose sharply to reach Y80.68

 

At 14:00 GMT the U.S. are data on factory orders for September. At 18:25 GMT the United States with a speech vіstupit member Federal Open Market Committee D. Williams.


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