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  • Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar after the mixed economic data from the UK
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01.09.2014, 12:00

Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar after the mixed economic data from the UK

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:00 China Manufacturing PMI August 51.7 51.2 51.1

01:30 Australia Company Operating Profits Quarter II +3.1% -1.8% -6.9%

01:45 China HSBC Manufacturing PMI (Finally) August 50.3 50.3 50.2

06:00 Germany GDP (QoQ) (Finally) Quarter II -0.2% -0.2% -0.2%

06:00 Germany GDP (YoY) (Finally) Quarter II +0.8% +0.8% +0.8%

06:30 Australia RBA Commodity prices, y/y August -12.1% -11.5%

07:30 Switzerland Manufacturing PMI August 54.3 53.8 52.9

07:48 France Manufacturing PMI (Finally) August 46.5 46.5 46.9

07:53 Germany Manufacturing PMI (Finally) August 52.0 52.0 51.4

07:58 Eurozone Manufacturing PMI (Finally) August 50.8 50.8 50.7

08:30 United Kingdom Purchasing Manager Index Manufacturing August 55.4 55.1 52.5

08:30 United Kingdom Net Lending to Individuals, bln July 2.5 2.4 3.4

08:30 United Kingdom Mortgage Approvals July 67 66 67

The U.S. dollar traded mixed against the most major currencies. Tensions over Ukraine continued to weigh on markets.

U.S. markets are closed for the Labor Day holiday on Monday.

The euro traded slightly higher against the U.S. dollar after the mixed economic data from the Eurozone. Eurozone's final manufacturing purchasing managers' index (PMI) fell to 50.7 in August from 50.8 in July. Analysts had expected the manufacturing PMI to remain unchanged.

German final manufacturing PMI dropped to 51.4 in August from 52.0 in July. Analysts had expected the manufacturing PMI to remain unchanged.

French final manufacturing PMI rose to 46.9 in August from 46.5 in July.

German gross domestic product (GDP) declined 0.2% in the second quarter, in line with expectations.

On a yearly basis, German GDP increased 0.8% in in the second quarter, in line with expectations.

Investors have concerns that sanctions against Russia would have a negative impact on the economic growth in the Eurozone.

The British pound traded mixed against the U.S. dollar after the mixed economic data from the UK. The U.K. manufacturing purchasing managers' index fell to 52.5 in August from 54.8 in July. That was the lowest reading for 14 months. July's figure was revised down from 55.4

Mortgage approvals in the UK decreased to 66,569 from a revised 67,085 in June. Analysts had expected 66,000 approvals.

Net lending to individuals in the UK climbed to £3.4 billion in July from £2.5 billion in June, beating expectations for a decline to £2.4 billion in July.

The Swiss franc traded mixed against the U.S. dollar after the Swiss manufacturing PMI. The Swiss manufacturing PMI declined to 52.9 in August from 54.3 in July, missing expectations for a fall to 53.8.

EUR/USD: the currency pair rose to $1.3145

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair increased to Y104.31

The most important news that are expected (GMT0):

12:00 Canada Bank holiday

12:00 U.S. Bank holiday

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