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  • Foreign exchange market. European session: the British pound rose against the U.S. dollar in the absence of any major economic reports from the U.K.
Market news
08.12.2014, 13:00

Foreign exchange market. European session: the British pound rose against the U.S. dollar in the absence of any major economic reports from the U.K.

Economic calendar (GMT0):

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

00:01 United Kingdom BOE Quarterly Bulletin

00:30 Australia ANZ Job Advertisements (MoM) November +0.2% +0.7%

02:00 China Trade Balance, bln November 45.4 44.3 54.5

05:00 Japan Eco Watchers Survey: Current November 44.0 45.9 41.5

05:00 Japan Eco Watchers Survey: Outlook November 46.6 44.0

07:00 Germany Industrial Production s.a. (MoM) October +1.1% Revised From +1.4% +0.2% +0.2%

07:00 Germany Industrial Production (YoY) October -0.1% +0.8%

08:15 Switzerland Retail Sales Y/Y October +0.5% +0.9% +0.3%

08:15 Switzerland Consumer Price Index (MoM) November 0.0% 0.0% 0.0%

08:15 Switzerland Consumer Price Index (YoY) November 0.0% 0.0% -0.1%

09:30 Eurozone Sentix Investor Confidence December -11.9 -9.9 -2.5

10:00 Eurozone Eurogroup Meetings

The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by Friday's U.S. labour market data. The U.S. economy added 321,000 jobs in November, exceeding expectations for a rise of 225,000 jobs, after a gain of 243,000 jobs in October. October's figure was revised up from a rise of 214,000 jobs.

The U.S. unemployment rate remained unchanged at 5.8% in November, in line with expectations.

The U.S. currency was also supported by weak Chinese trade data. China's imports dropped 6.7% in November, after a 4.6% rise in October. Exports climbed 4.7% in November, after 11.6% gain in October.

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

The euro traded lower against the U.S. dollar. The Sentix investor confidence index for the Eurozone increased to -2.5 in December from -11.9 in November. Analysts had expected the index to climb to -9.9.

German industrial production rose 0.2% in October, in line with expectations, after a 1.1% gain in September. September's figure was revised down from a 1.4% increase.

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

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian housing market data. Housing starts in Canada are expected to rise by 201,000 units in November, after 184,000 units in October.

Building permits in Canada are expected to climb 2.1% in October, after a 12.7% increase in September.

The Swiss franc traded lower against the U.S. dollar. Switzerland's consumer price index was flat in November, in line with expectations.

On a yearly basis, Switzerland's consumer price index declined 0.1% in November, missing expectations for a flat reading, after the flat reading in October.

Retail sales in Switzerland increased at an annual rate of 0.3% in October, missing expectations for a 0.9% rise, after a 0.5% gain in September. September's figure was revised up from a 0.3% increase.

EUR/USD: the currency pair fell to $1.2246

GBP/USD: the currency pair rose to $1.5632

USD/JPY: the currency pair decreased to Y120.91

The most important news that are expected (GMT0):

13:15 Canada Housing Starts November 184 201

13:30 Canada Building Permits (MoM) October +12.7% +2.1%

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