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29.10.2014, 09:50

Foreign exchange market. Asian session: the yen traded higher against the U.S. dollar after the better-than-expected industrial production from Japan

Economic calendar (GMT0):

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

00:00 New Zealand ANZ Business Confidence October 13.4 26.5

09:30 United Kingdom Net Lending to Individuals, bln September 3.2 2.8 2.7

09:30 United Kingdom Mortgage Approvals September 64 63 61

The U.S. dollar traded lower against the most major currencies. Yesterday's mixed U.S. economic data weighed on the greenback. The U.S. durable goods orders declined 1.3% in September, missing expectations for a 0.4% increase, after a 18.3% drop in August.

The U.S. consumer confidence index jumped to 94.5 in October from 89.0 in September; exceeding expectations for an increase to 87.4. That was the highest level since October 2007.

The New Zealand dollar traded higher against the U.S. dollar after the solid the ANZ business confidence index for New Zealand. The ANZ business confidence index for New Zealand rose to 26.5 in October from 13.4 in September.

Market participants are awaiting the Reserve Bank of New Zealand's and Fed' interest rate decision on Wednesday. They expect that the Reserve Bank of New Zealand will keep its interest rate unchanged at 3.50%, and the Fed will end its bond-buying program.

Investors also expects new signs for further monetary policy.

The Australian dollar traded higher against the U.S. dollar in the absence of any major economic reports from Australia.

Market participants are awaiting the Fed' interest rate decision on Wednesday.

The Japanese yen traded higher against the U.S. dollar after the better-than-expected industrial production from Japan. Preliminary industrial production in Japan climbed 2.7% in September, exceeding expectations for a 2.3% gain, after a 1.9% decline in August.

On a yearly basis, preliminary industrial production rose 0.6% in September, beating forecasts for a 2.6% decrease, after 3.3% drop in August.

EUR/USD: the currency pair rose to $1.2746

GBP/USD: the currency pair increased to $1.6146

USD/JPY: the currency pair fell to Y107.98

The most important news that are expected (GMT0):

12:30 Canada Industrial Product Prices, m/m September +0.2% +0.3%

12:30 Canada Raw Material Price Index September -2.2% +1.5%

18:00 U.S. Fed Interest Rate Decision 0.25% 0.25%

18:00 U.S. FOMC QE Decision 15 0

18:00 U.S. FOMC Statement

20:00 New Zealand RBNZ Interest Rate Decision 3.50% 3.50%

20:00 New Zealand RBNZ Rate Statement

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