Foreign exchange market. European session: markets little changed, waiting for the publication of U.S. labour market data

Economic calendar (GMT0):

01:00    Australia                HIA New Home Sales, m/m        March                +4.6%                +0.2%

01:30    Australia                Producer price index, q / q        Quarter I             +0.2%  +0.6%   +0.9%

01:30    Australia                Producer price index, y/y           Quarter I             +1.9%  +2.1%   +2.5%

07:30    Switzerland            Manufacturing PMI                    April                   54.4      55.1       55.8

07:48    France                  Manufacturing PMI (Finally)         April                   52.1      50.9       51.2

07:53    Germany               Manufacturing PMI (Finally)         April                   53.7      54.2       54.1

07:58    Eurozone              Manufacturing PMI (Finally)          April                  53.0      53.3       53.4

08:30    United Kingdom     PMI Construction                       April                  62.5      62.2       60.8

09:00    Eurozone                Unemployment Rate                March               11.9%   11.9%    11.8%

The euro showed no clear direction against the U.S. dollar. Investors are waiting for the publication of U.S. labour market data. But Eurozone’s PMI was higher. Markets were also unimpressed by the release of Eurozone’s economic data. Eurozone’s manufacturing purchasing managers' index (PMI) climbed to 53.4 in April from 53.0 in March (forecast: 53.3). Eurozone’s unemployment decreased slightly in March. The unemployment rate dropped to 11.8% from 11.9% in February (forecast: 11.9%).

The U.S. dollar traded mixed against the most major currencies. Market participants are cautious ahead of U.S. nonfarm payrolls release. Analysts expect that the unemployment rate should decrease to 6.6% in April from 6.7% in March and 211,000 jobs should be added in April.

The British pound was down against the U.S. dollar. Investors were disappointed by the worse-than-expected U.K. construction data. The U.K. construction purchasing managers' index decreased to 60.8 in April from 62.5 in March. Analysts forecasted the decrease to 62.2.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair decreased to 1.6854

USD/JPY: the currency pair climbed to Y102.57

The most important news that are expected (GMT0):

12:30    U.S.                  Average workweek           April      34.5      34.5     

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

12:30    U.S.                  Nonfarm Payrolls             April      192        211       

12:30    U.S.                  Unemployment Rate       April      6.7%     6.6%    

14:00    U.S.                  Factory Orders               March   +1.6%  +1.3%