European session: the euro fell slightly against the dollar

Data

05:00 Japan Confidence in small business October 49.8 50.8

09:30 UK The volume of net lending to individuals billion in September 1.6 2.5 1.4

09:30 UK approved applications for mortgage loans , th September 62.23 66.74

12:30 Canada prices of manufactured goods , m / m in September +0.2 % Revised to +0.3 % +0.2 % -0.3 %

12:30 Canada Commodity Index September +0.9 % -0.4 % -1.5 %

12:30 U.S. Producer Price Index m / m in September +0.3 % +0.2 % -0.1 %

12:30 U.S. Producer Price Index y / y in September +1.4 % +0.6 % +0.3 %

12:30 U.S. Producer Price Index , the base value , m / m in September 0.0% +0.1 % +0.1 %

12:30 U.S. Producer Price Index , the base value , y / y in September +1.1 % +1.2 % +1.2 %

12:30 U.S. September retail sales +0.2 % +0.3 % -0.1 %

12:30 USA Retail sales excluding autos September +0.1 % +0.4 % +0.4 %

The dollar rose against the euro , as many market participants expect the announcement of the results of the two-day meeting of the Federal Reserve , which begins today . Note that the U.S. currency is hardly reacted to yield data on the U.S., which was worse .

"Meetings of the Federal Reserve is in the focus of the market, and it is likely that the Committee will consider the weak U.S. economic reports as a reason not to reduce the amount of stimulus measures this year ," said Lorne Baring , managing director of Capital SA.

It should be noted that the vast majority of analysts agree that the central bank will continue the program of asset purchases , which is $ 85 billion a month after the end of the two-day meeting on Tuesday and Wednesday .

In the accompanying statement , the central bank is likely to confirm the possibility of folding the program purchases until the end of the year. FOMC members do not want to write off the accounts in December . In recent days, many well-known economists have revised their expectations about the first reduction in the QE March 2014 .

The pound was down against the dollar in anticipation of the U.S. statistics on which the currency is almost did not react , even despite the fact that the data were worse than expected . As reported by the U.S. Department of Commerce , in September, overall retail sales in the country fell by 0.1 % m / m vs. +0.3 %, while sales excluding avtosektora rose by 0.4 % , improving the August result.

Currency is sold , despite a report that showed that in September it was approval of the 66,735 new home loans , up from 63,396 in August , which was the highest since February 2008 . Meanwhile, data showed that the interest rates on loans for housing construction fell in September , while total mortgage lending for the month was 15.6 billion pounds , registering the highest since October 2008 . The data obtained show an improvement in production, which stimulates the revival of the mortgage lending and housing market activity . We add that the number of mortgage approvals exceeded the forecasts of economists - they had expected growth of 66 thousand in the last month, net mortgage lending expanded to 1.03 billion pounds , consumer loans amounted to 411 million pounds , said the Bank of England.

However , the volume of consumer credit fell to £ 0.411 billion from £ 0.62 billion , and net lending - up to £ 1.4 billion These figures , and increased pressure on the pound .

EUR / USD: during the European session, the pair fell to $ 1.3752

GBP / USD: during the European session, the pair fell to $ 1.6060

USD / JPY: during the European session, the pair rose to Y98.00

At 14:00 GMT the United States will come indicator of consumer confidence for October, as well as data on changes in stocks in commercial warehouses , and changes in the volume of industrial orders in August. At 18:00 GMT the United States will be published monthly performance report for September. At 23:50 GMT Japan will announce preliminary data on industrial production for September.