European session: the euro dropped significantly against the dollar

Data

00:00 Australia New Home Sales m / m in September +3.4 % +3.3 %

00:00 New Zealand Business Confidence Index circles from ANZ October 54.1 53.2

00:05 UK consumer confidence index from Gfk October -10 -8 -11

00:30 Australia Building Permits m / m in September -1.6 % Revised to -4.7 % +2.9 % 14.4 %

00:30 Australia Building Permits y / y in September Revised to +11.1 % +7.7 % +1.2 % 18.6 %

00:30 Australia import price index , q / q III m -0.3 % +3.5 % +6.1 %

00:30 Australia Export Price Index , q / q III m -0.3 % +3.4 % +4.2 %

00:30 Australia Private Sector Credit m / m in September +0.3 % +0.4 % +0.3 %

00:30 Australia Private Sector Credit y / y in September +3.4 % +3.4 % +3.3 %

1:30 Japan Changing the level of wages, y / y in September -0.6 % -0.5 % +0.1 %

1:30 Japan Interest Rate Decision of the Bank of Japan 0.10 % 0.10% 0.10 %

1:30 Japan monetary base Trust Bank of Japan, 270 270 trillion yen

1:30 Comments Japan Bank of Japan Monetary Policy

05:00 Japan homes , y / y in September +8.8 % +12.6 % 19.4

6:00 Report of the Bank of Japan Japan's economic outlook and inflation in October

6:30 Japan Press Conference of the Bank of Japan

07:00 UK house price index from Nationwide, m / m in October +0.9 % +0.7 % +1.0 %

07:00 UK house price index from Nationwide, y / y in October +5.0 % +5.1 % +5.8 %

7:00 Germany Retail sales , seasonally adjusted September +0.5 % +0.5 % -0.4 %

7:00 Germany Retail sales , seasonally adjusted , y / y in September +0.3 % +1.1 % +0.2 %

7:00 Germany 's consumer confidence index from the GfK November 7.1 7.3 7.0

7:45 France Consumer spending in September -0.4 % +0.2 % +0.3 %

7:45 France Consumer Spending y / y in September -0.1 % -0.8 %

10:00 Eurozone Consumer Price Index y / y (preliminary data ) October +1.1 % +1.1 % +0.7 %

10:00 Eurozone unemployment rate in September 12.0 % 12.0 % 12.2 %

12:30 Canada GDP m / m in August +0.6 % +0.2 % +0.3 %

12:30 USA Initial claims for unemployment insurance , th October 350 341 340

The dollar rose sharply against the euro, which has been associated with exit unexpectedly weak report on unemployment in the euro area, as well as data on CPI.

The latest figures from Eurostat, the Statistical Agency showed that in the last month, the unemployment rate in the euro zone rose unexpectedly , returning with a record high at around 12.2%. However, it is worth noting that, given the upward revision index for August - to the level of 12.2% to 12.0% , the unemployment rate remained unchanged. Many experts expect that in September, the unemployment rate will remain at 12.2%. The data also showed that the unemployment rate for the European Union by 11 % in September , remaining unchanged from the previous month for which unemployment was revised upwards .

At Statistics reported that the number of people out of work in the eurozone in September totaled 19.447 million , compared to 19.387 million in August. The total number of unemployed in the EU has been at the level of 26,872 million , compared to 26.811 million a month earlier.

When evaluated in the context of countries, the lowest unemployment rate in the euro area was recorded in Austria - at around 4.9%. Then followed Germany with unemployment at 5.2 % , and Luxembourg - 5.9%. The highest unemployment rate was seen in Spain - 26.6 % , and Greece - 27.6 % (in July).

Meanwhile , we add that another report showed that inflation in the eurozone fell to its lowest level in nearly four years in October , increasing the pressure on the European Central Bank, and forcing soften monetary policy to support the fragile economy of the region.

The yen strengthened against the U.S. dollar after the Bank of Japan decided to leave unchanged the unprecedented easy monetary policy , as the Prime Minister Shinzo Abe is trying to overcome 15 years of deflationary pressures on the economy.

Bank of Japan Haruhiko Kuroda and the Council supported the continuation of the expansion of the monetary base by 60 trillion . - 70000000000000 . yen ( $ 711 billion ) a year. The decision in line with expectations of many economists.

The Bank of Japan will continue to buy government bonds in the 7 trillion . yen a month . Since April, the Central Bank buys government bonds with all maturities , including 40 - year bonds , the average maturity of government bonds on the balance sheet of the controller has been increased from 3 to 7 years. Today, the Bank of Japan kept its goal to increase Japanese bonds on the balance sheet at around 50 trillion . yen per year , securities exchange traded funds at the level of $ 1 trillion. yen, and the Japanese real estate funds - at 30 billion yen.

The Bank of Japan intends to buy corporate bonds and commercial paper as long as the end of the year, volumes do not amount to 3.2 trillion . and 2.2 trillion yen . yen , respectively , after which the amount of these assets on the balance sheet of the bank will be maintained at this level .

The weak yen and higher energy prices helped push prices up 0.7 percent last month, but the regulator to achieve the goal of inflation of 2 percent is still far.

EUR / USD: during the European session, the pair fell to $ 1.3626

GBP / USD: during the European session, the pair rose to $ 1.6051

USD / JPY: during the European session, the pair fell to Y98.15

At 13:45 GMT the U.S. Chicago PMI index will be released in October.