European session: euro fell sharply against the U.S. dollar

Data:

(time / country / index / period / previous value / forecast / actual value)

00:00 Australia Consumer Inflation Expectations November +2.0 % +1.9 %

00:00 U.S. Fed Chairman Bernanke Testifies

4:30 Japan Industrial Production m / m ( final data ) September +1.5 % +1.5 % +1.3 %

4:30 Japan Industrial Production y / y (final ) September +5.4 % +5.4 % +5.1 %

6:30 France GDP q / q ( preliminary data ) III m +0.5 % +0.1 % -0.1 %

6:30 France GDP y / y (preliminary data ) III m +0.4 % +0.2 % +0.2 %

7:00 Germany GDP q / q ( preliminary data ) III m +0.7 % +0.3 % +0.3 %

7:00 Germany GDP y / y (preliminary data ) III m +0.9 % +1.0 % +0.6 %

7:45 France Consumer Price Index m / m in October -0.2 % 0.0 % -0.1 %

7:45 France Consumer Price Index y / y in October +0.9 % +0.7 % +0.7 %

7:45 France Change the number of people employed in non-agricultural sector (preliminary ) III m -0.2 % -0.1 % -0.1 %

08:15 Switzerland PPI and import , m / m in October +0.1 % +0.3 % -0.4 %

08:15 Switzerland PPI and import y / y in October 0.0 % -0.3 % -0.3 %

09:00 EU ECB Monthly Report November

09:30 UK Retail Sales m / m in October +0.6 % +0.2 % -0.7 %

09:30 UK Retail Sales y / y in October +2.2 % +3.3 % +1.8 %

10:00 EU Eurogroup meeting

10:00 Eurozone GDP q / q ( preliminary data ) III m +0.3 % +0.2 % +0.1 %

10:00 Eurozone GDP y / y (preliminary data ) III m -0.6 % -0.3 % -0.4 %

Euro fell against the dollar, which has been associated with the release of a weak report on the euro area. According to data from the European Union's statistics agency Eurostat, for the third quarter of the euro zone economy barely expanded , creating new concerns about the fact that the region is faced with a combination of stagnation , low prices and high unemployment that threatens to hinder the development in the foreseeable future. According to the report, the euro zone 's gross domestic product in the third quarter increased by only 0.1 % compared with the previous quarter . Recall that the euro zone economy declined six consecutive quarters since the end of 2011 , but was able to interrupt the series in the second quarter of this year. Note that according to the average forecast of experts economy in the third quarter was to expand by 0.2 %.

Meanwhile , we add that economic activity slowed in Germany and fell in France during the third quarter. This suggests that began in the summer of eurozone recovery has stalled . According to reports, the German GDP rose in the 3rd quarter by 0.3 % compared with the 2nd quarter. French GDP , contrary to expectations , in the 3rd quarter decreased by 0.1 % after rising 0.5 % in the 2nd quarter.

In addition, it was reported that in the 3rd quarter of 2013, Italy's GDP contracted by 0.1 % compared to the previous quarter due to growth in the manufacturing sector , while Spain's GDP grew by 0.1 percent.

The pound rose against the dollar , recovering from an early fall on expectations the release of the United States .

Note that the initial pressure on the pound had retail sales data , which showed that by the end of last month in the UK retail sales unexpectedly fell, which was associated with a reduction in demand for electrical goods and clothing. Note that this result signals the fragility of consumer demand, which was a factor of economic growth since the spring . According to the report , retail sales fell 0.7 % in October , compared with growth of 0.6 % in September. Add that on an annualized basis , sales increased by 1.8 % after rising 2.2 % the previous month . Note that many economists had expected growth of 0.2 % on a monthly basis , and an increase of 3.3 % per annum.

The October result recorded a slowdown after a 1.3 percent increase in sales in the third quarter, which was revised up from 1.5 %. This revision does not significantly affect the rate of economic growth, which was 0.8 % for the quarter - the fastest pace of expansion in three years. Recall that retail is just over 5% of the total economy .

EUR / USD: during the European session, the pair fell to $ 1.3425

GBP / USD: during the European session, the pair dropped to $ 1.5986 , but then recovered to $ 1.6050

USD / JPY: during the European session, the pair rose to Y100.04

At 13:30 GMT in Canada will price index for housing in the primary market and the trade balance for September. Also this time the U.S. will report on its trade balance for September, the change in the level of labor productivity in the non-manufacturing sector and the change in the level of labor costs in Q3 . At 18:00 GMT the United States places the 30 - year bonds .