Market news
11.11.2014, 13:00

Foreign exchange market. European session: the U.S. dollar traded mixed against the most major currencies in quiet trade

Economic calendar (GMT0):

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

00:01 United Kingdom BRC Retail Sales Monitor y/y October -2.1% 0.0%

00:30 Australia National Australia Bank's Business Confidence October 5 4

00:30 Australia House Price Index (QoQ) Quarter III +1.9% Revised From -1.8% +1.6% +1.5%

00:30 Australia House Price Index (YoY) Quarter III +10.1% +9.1%

05:00 Japan Consumer Confidence October 39.9 40.6 38.9

06:00 Japan Eco Watchers Survey: Current October 47.4 49.2 44.0

06:00 Japan Eco Watchers Survey: Outlook October 48.7 46.6

06:00 Japan Prelim Machine Tool Orders, y/y October +34.7% Revised From +34.8% +31.2%

The U.S. dollar traded mixed against the most major currencies. The greenback was supported by the demand for the U.S. currency. Investors speculate that the Federal Reserve will hike its interest rate sooner than expected.

There will be released no major economic reports in the U.S.

The euro traded mixed against the U.S. dollar in the absence of any major reports from the Eurozone.

The European Central Bank (ECB) released its interest rate decision last Thursday. The ECB kept its monetary policy unchanged. The ECB President Mario Draghi said that the central will add further unconventional measures stimulus measures, if needed. Investors are sceptical whether the stimulus measures by the ECB will be enough to boost inflation and economy in the Eurozone.

The British pound traded higher against the U.S. dollar in the absence of any major reports from the U.K.

The pound fell against the greenback after the weaker-than-expected economic data from the U.K. last week. The Bank of England (BoE) released its interest rate decision last Thursday. The BoE kept its monetary policy unchanged. Investors speculate the central bank could delay its interest rate hike due to recently weaker-than-expected economic data.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair rose to $1.5873

USD/JPY: the currency pair climbed to Y116.11

The most important news that are expected (GMT0):

20:00 New Zealand RBNZ Financial Stability Report

20:05 New Zealand RBNZ Governor Graeme Wheeler Speaks

23:30 Australia Westpac Consumer Confidence November +0.9%

23:50 Japan Tertiary Industry Index September -0.1% +0.9%

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