(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:00 New Zealand ANZ Business Confidence December 31.5 30.4
00:05 United Kingdom Gfk Consumer Confidence December -2 -1 -4
02:00 New Zealand Credit Card Spending November +6.7% +5.2%
03:00 Japan Bank of Japan Monetary Base Target 275 275 275
03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%
03:00 Japan BoJ Monetary Policy Statement
04:30 Japan All Industry Activity Index, m/m October +1.0% +0.2% -0.1%
06:30 Japan BOJ Press Conference
07:00 Germany Producer Price Index (MoM) November -0.2% -0.2% 0.0%
07:00 Germany Producer Price Index (YoY) November -1.0% -1.1% -0.9%
07:00 Germany Gfk Consumer Confidence Survey November 8.7 8.9 9.0
The greenback traded stronger to mixed against its major peers in Asian trade after the FED's policy meeting as FED Chair Janet Yellen stated that rates are going to be raised next year once economic parameters were met - finally removing the "considerable time" from the minutes. She further said "the committee considers it unlikely to begin normalization process for at least the next couple of meetings". The U.S. dollar traded slightly lower against the euro, stronger against the British pound and the Japanese Yen and weaker against New Zealand's and Australia's dollar after positive data from China.
The Australian dollar further recovered from a four year low after China revised up the size of its economy. Chinese GDP rose by 3.4% in 2013. Market participants still expect more economic stimulus from the PBoC. China is Australia's most important trading partner.
New Zealand's dollar traded positive against the greenback currently quoted at USD0.7785. Visitor arrivals for November rose by +7.7% compared to +3.3% in October. The ANZ Business Confidence declined to 30.4 from a previous reading of 31.5. Credit Card Spending rose at a slower pace reading +5.2% compared to +6.7% in October.
The Japanese yen continued to decline versus the U.S. dollar for a third consecutive day as the Bank of Japan maintains its stimulus and continues its monetary policy. Japan's Monetary Base Target was unchanged at an annual pace of 80 trillion yen as were the benchmark interest rates at 0.10%. The All industry Activity Index declined by -0.1% in October versus an increase of +1.0% in September. Analysts expected the index to be +0.2%.
EUR/USD: the euro added gains against the greenback
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
09:00 Eurozone Current account, adjusted, bln October 30.0 27.8
09:00 Eurozone EU Economic Summit
09:30 United Kingdom PSNB, bln November 7.1 14.8
11:00 United Kingdom CBI retail sales volume balance December 27 30
13:30 Canada Retail Sales, m/m October +0.8% -0.4%
13:30 Canada Retail Sales ex Autos, m/m October 0.0 +0.2%
13:30 Canada Consumer Price Index m / m November +0.1 -0.2
13:30 Canada Consumer price index, y/y November +2.4% +2.3%
13:30 Canada Bank of Canada Consumer Price Index Core, m/m November +0.3% +0.1%
13:30 Canada Bank of Canada Consumer Price Index Core, y/y November +2.3% +2.4%
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