Market news
28.11.2014, 13:01

Foreign exchange market. European session: the euro rose against the U.S. dollar after the economic data from the Eurozone

Economic calendar (GMT0):

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

00:00 New Zealand ANZ Business Confidence November 26.5 31.5

00:05 United Kingdom Gfk Consumer Confidence November -2 -1 -2

00:30 Australia Private Sector Credit, m/m October +0.5% +0.5% +0.6%

00:30 Australia Private Sector Credit, y/y October +5.4% +5.7%

05:00 Japan Housing Starts, y/y October -14.3% -14.5% -12.3%

07:00 Germany Retail sales, real adjusted October -2.8% +1.7% +1.9%

07:00 Germany Retail sales, real unadjusted, y/y October +2.3% +1.5% +1.7%

07:45 France Consumer spending October -0.5% +0.2% -0.9%

07:45 France Consumer spending, y/y October +0.2% -0.2%

08:00 Switzerland KOF Leading Indicator November 99.5 Revised From 99.8 100.1 98.7

10:00 Eurozone Unemployment Rate October 11.5% 11.5% 11.5%

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) November +0.4% +0.3% +0.3%

The U.S. dollar traded mixed against the most major currencies. Markets in the U.S. were closed for a public holiday on Thursday. There will be released no major economic reports in the U.S.

The euro rose against the U.S. dollar after the economic data from the Eurozone. Eurozone' preliminary consumer price index fell to an annual rate of 0.3% in November from 0.4% in October, in line with expectations.

Eurozone's unemployment rate remained unchanged at 11.5% in October, in line with expectations.

German adjusted retail sales climbed 1.9% in October, exceeding expectations for a 1.7% rise, after a 2.8% decline in September. September's figure was revised up from a 3.2% fall.

Consumer spending in France dropped 0.9% in October, missing expectations for a 0.2% gain, after a 0.5% decline in September. September's figure was revised up from a 0.8% decrease.

The British pound traded lower against the U.S. dollar after the housing market data from the U.K. The Nationwide Building Society released its house price inflation figures for the U.K. on Friday. The U.K. house price index increased 0.3% in November, after a 0.5% rise in October.

On a yearly basis, the U.K. house price inflation climbed 8.5% in November, after a 9.0% gain in October.

The Canadian dollar fell against the U.S. dollar ahead of Canadian gross domestic product (GDP). Canada's GDP is expected to rise 0.4% in September, after a 0.1% decline in August.

Canada's raw materials purchase price index is expected to increase 1.5% in October, after a 1.8% drop in September.

The Swiss franc traded higher against the U.S. dollar despite the weaker-than-expected KOF leading indicator. The KOF leading indicator decreased to 98.7 in November from 99.5 in October, missing expectations for an increase to 100.1. October's figure was revised down from 99.8.

EUR/USD: the currency pair rose to $1.2489

GBP/USD: the currency pair declined to $1.5674

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:30 Canada Raw Material Price Index October -1.8% +1.5%

13:30 Canada GDP (m/m) September -0.1% +0.4%

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