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Market news
03.11.2014, 13:00

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the better-than-expected PMI from the U.K.

Economic calendar (GMT0):

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

00:00 Japan Bank holiday

00:30 Australia Building Permits, m/m September +3.4% Revised From +3.0% -0.9% -11%

00:30 Australia Building Permits, y/y September +14.5% -13.4%

00:30 Australia ANZ Job Advertisements (MoM) October +0.9% +0.2%

01:00 China Non-Manufacturing PMI October 54.0 53.8

01:45 China HSBC Manufacturing PMI (Finally) October 50.4 50.4 50.4

05:30 Australia RBA Commodity prices, y/y October -16.8% -16.9%

08:30 Switzerland Manufacturing PMI October 50.4 51.3 55.3

08:48 France Manufacturing PMI (Finally) October 47.3 47.3 48.5

08:53 Germany Manufacturing PMI (Finally) October 51.8 51.8 51.4

08:58 Eurozone Manufacturing PMI (Finally) October 50.7 50.7 50.6

09:30 United Kingdom Purchasing Manager Index Manufacturing October 51.5 51.5 53.2

The U.S. dollar traded mixed against the most major currencies ahead of the ISM manufacturing purchasing managers' index. The index is expected to decline to 56.5 in October from 56.6 in September.

The euro traded slightly higher against the U.S. dollar after the release of PMIs from the Eurozone. Eurozone's final manufacturing purchasing managers' index (PMI) fell to 50.6 in October from 50.7 in September. Analysts had expected the index to remain unchanged at 50.7.

Germany's final manufacturing purchasing managers' index declined to 51.4 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.

France's final manufacturing purchasing managers' index rose to 48.5 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.

The British pound traded higher against the U.S. dollar after the better-than-expected PMI from the U.K. The manufacturing purchasing managers' index in the U.K. climbed to 53.2 in October from 51.5 in September. September's figure was revised down from 51.6. Analysts had expected the index to remain at 51.5.

The Swiss franc traded higher against the U.S. dollar after Switzerland's better-than-expected PMI. The manufacturing purchasing managers' index in Switzerland rose to 55.3 in October from 50.4 in September, exceeding expectations for a rise to 51.3.

EUR/USD: the currency pair rose to $1.2509

GBP/USD: the currency pair climbed to $1.6022

USD/JPY: the currency pair rose to Y113.73

The most important news that are expected (GMT0):

14:45 U.S. Manufacturing PMI (Finally) October 56.2 56.2

15:00 U.S. ISM Manufacturing October 56.6 56.5

17:50 Canada BOC Gov Stephen Poloz Speaks

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