Market news
23.04.2014, 14:44

Foreign exchange market. European session: the euro strengthened after the flash manufacturing PMI publication in the Eurozone.

Economic calendar:

01:30    Australia                             CPI, q/q                                            Quarter I             +0.8%  +0.8%   +0.6%

01:30    Australia                             CPI, y/y                                             Quarter I             +2.7%  +3.2%   +2.9%

01:45     China                                 HSBC Manufacturing PMI (Preliminary)     April                    48.0      48.4       48.3

06:58    France                               Manufacturing PMI (Preliminary)              April                    52.1      51.9       50.9

06:58    France                               Services PMI (Preliminary)                      April                    51.5      51.5       50.3

07:28    Germany                            Manufacturing PMI      (Preliminary)         April                    53.7      53.9       54.2

07:28    Germany                            Services PMI   (Preliminary)                    April                     53.0      53.5       52.0

07:58    Eurozone                            Manufacturing PMI      (Preliminary)        April                     53.0      53.0       53.3

07:58    Eurozone                            Services PMI   (Preliminary)                    April                    52.2      52.7       53.1

08:30    United Kingdom                   Bank of England Minutes                                                         

08:30    United Kingdom                   PSNB, bln                                           March                   7.5         8.7          4.9

10:00    United Kingdom                   CBI industrial order books balance           April                      6            7             -1

12:30    Canada                               Retail Sales, m/m                                 February             +1.3%  +0.5%   +0.5%

12:30    Canada                               Retail Sales ex Autos, m/m                    February             +1.0%  +0.6%   +0.6%

The euro strengthened after the flash manufacturing PMI publication in the Eurozone. Manufacturing PMI (Preliminary) of the Eurozone increased to 53.3 in April from 53.0 in March. It means that the Eurozone economy is continuing to recover.

The U.S. dollar declined against the most major currencies ahead the publication of the real estate sector data.

The British pound declined after the publication of the minutes of the Bank of England's (BoE) April meeting. MPC members were uncertain over economic slack and also held differing views on the outlook for inflation over the medium term. The minutes also showed that MPC members voted to keep interest rates at a record low 0.5%.


EUR/USD: the currency pair rose

GBP/USD: the currency pair was down

USD/JPY: the currency pair declined

The most important news that are expected:

13:43    U.S.                       Manufacturing PMI (Preliminary)     April      55.5      56.2      

14:00    U.S.                       New Home Sales                         March   440        455                     

21:00    New Zealand           RBNZ Interest Rate Decision                     2.75%   3.00%   

21:00    New Zealand           RBNZ Rate Statement                                                

23:50    Japan                     CSPI, y/y                                    March   +0.7%  +0.8%

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