Market news
16.12.2014, 13:07

Foreign exchange market. European session: the euro rose against the U.S. dollar due to the positive data from the Eurozone

Economic calendar (GMT0):

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

00:15 Australia RBA Assist Gov Debelle Speaks

00:30 Australia RBA Meeting's Minutes

01:35 Japan Manufacturing PMI (Preliminary) December 52.0 52.3 52.1

01:45 China HSBC Manufacturing PMI (Preliminary) December 50.0 49.8 49.5

07:00 United Kingdom Bank Stress Test Results

07:00 United Kingdom BOE Financial Stability Report

07:00 United Kingdom Publication of the Systemic Risk Survey

07:58 France Manufacturing PMI (Preliminary) December 48.4 48.7 47.9

07:58 France Services PMI (Preliminary) December 47.9 48.6 49.8

08:28 Germany Manufacturing PMI (Preliminary) December 49.5 50.4 51.2

08:28 Germany Services PMI (Preliminary) December 52.1 52.6 51.4

08:58 Eurozone Manufacturing PMI (Preliminary) December 50.1 50.5 50.8

08:58 Eurozone Services PMI (Preliminary) December 51.1 51.6 51.9

09:00 United Kingdom BOE Gov Mark Carney Speaks

09:30 United Kingdom Retail Price Index, m/m November 0.0% +0.1% -0.2%

09:30 United Kingdom Retail prices, Y/Y November +2.3% +2.3% +2.0%

09:30 United Kingdom RPI-X, Y/Y November +2.4% +2.0%

09:30 United Kingdom Producer Price Index - Input (MoM) November -1.5% -1.1% -1.0%

09:30 United Kingdom Producer Price Index - Input (YoY) November -8.4% -8.3% -8.8%

09:30 United Kingdom Producer Price Index - Output (MoM) November -0.3% -0.3% +0.2%

09:30 United Kingdom Producer Price Index - Output (YoY) November -0.5% -0.2% -0.1%

09:30 United Kingdom HICP, m/m November +0.1% +0.1% -0.3%

09:30 United Kingdom HICP, Y/Y November +1.3% +1.2% +1.0%

09:30 United Kingdom HICP ex EFAT, Y/Y November +1.5% +1.5% +1.2%

10:00 Eurozone ZEW Economic Sentiment December 11.0 20.1 10.0

10:00 Eurozone Trade Balance s.a. October 17.9 18.2 19.4

10:00 Germany ZEW Survey - Economic Sentiment December 11.5 19.8 34.9

10:45 United Kingdom BOE Gov Mark Carney Speaks

The U.S. dollar traded mixed to lower against the most major currencies ahead of the U.S. economic data. Housing starts in the U.S. are expected to rise to 1.025 million units in November from 1.009 million units in October.

The number of building permits is expected to increase to 1.050 million units in November from1.080 million in October.

The U.S. preliminary manufacturing purchasing managers' index is expected to climbs to 56.1 in December from 54.8 in November.

The euro rose against the U.S. dollar due to the positive data from the Eurozone. Germany's ZEW economic sentiment index increased to 34.9 in December from 11.5 in November, exceeding expectations for a rise to 19.8. That was the highest reading since May 2014.

Eurozone's ZEW economic sentiment index fell to 10.0 in December from 11.0 in October, missing expectations for a gain to 20.1.

Eurozone's trade surplus widened to €19.4 billion in October from €17.9 billion in September, exceeding expectations for a rise to €18.2 billion. September's figure was revised up from a surplus of €17.7 billion.

Eurozone's preliminary manufacturing PMI increased to 50.8 in December from 50.1 in November, exceeding expectations for a rise to 50.5.

Eurozone's preliminary services PMI rose to 50.9 in December from 51.1 in November. Analysts had expected the index to climb to 51.6

Germany's preliminary manufacturing PMI increased to 51.2 in December from 49.5 in November, beating forecasts of an increase to 50.4.

Germany's preliminary services PMI fell to 51.4 in December from 52.1 in November, missing expectations for a gain to 52.6.

France's preliminary manufacturing PMI dropped to 47.9 in December from 48.4 in November, missing forecasts of a rise to 48.7.

France's preliminary services PMI climbed to 49.8 in December from 47.9 in November, exceeding expectations for a gain to 48.6.

The British pound increased against the U.S. dollar after the mixed economic data from the U.K. The U.K. consumer price index declined to an annual rate of 1.0% in November from 1.3% in October. Analysts had expected the consumer price inflation to decrease to 1.2%.

Consumer price inflation excluding food, energy, alcohol, and tobacco decreased to 1.2% in November from 1.5% in October. Analysts had expected the consumer inflation to remain at 1.5%.

The Bank of England's inflation target is about 2%.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian economic data. Canada's manufacturing shipments are expected to decrease 0.4% in October, after a 2.1% rise in September.

Foreign securities purchases in Canada are expected to rise by C$5.21 billion in October, after a C$4.37 increase in September.

EUR/USD: the currency pair rose to $1.2569

GBP/USD: the currency pair increased to $1.5784

USD/JPY: the currency pair fell to Y115.56

The most important news that are expected (GMT0):

13:30 Canada Manufacturing Shipments (MoM) October +2.1% -0.4%

13:30 Canada Foreign Securities Purchases October 4.37 5.21

13:30 U.S. Housing Starts, mln November 1009 1025

13:30 U.S. Building Permits, mln November 1080 1050

14:45 U.S. Manufacturing PMI (Preliminary) December 54.8 56.1

21:45 New Zealand Current Account Quarter III -1.07 -5.32

23:50 Japan Adjusted Merchandise Trade Balance, bln November -977.5 -990.0

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