Market news
06.11.2015, 06:56

Foreign exchange market. Asian session: the dollar range-bound ahead of payrolls data

Economic calendar (GMT0):

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

01:00 Australia RBA Assist Gov Edey Speaks

04:00 Japan BOJ Governor Haruhiko Kuroda Speaks

05:00 Japan Leading Economic Index (Preliminary) September 103.5 102.1 101.4

05:00 Japan Coincident Index (Preliminary) September 112.2 111.9

The U.S. dollar little changed ahead of today's employment data release. A median forecast from economists surveyed by the Wall Street Journal suggests that the number of employed outside agricultural sector rose by 183,000 in October after a 142,000 increase in September. Analysts say that a strong report will intensify expectations for a rate hike in December.

The yen declined after Bank of Japan Governor Haruhiko Kuroda's speech. He said that he will study changes in the economy and make optimal decisions at every meeting. This means that Kuroda is ready to add more stimulus.

The Australian dollar was under pressure amid Australian GDP and inflation forecasts, which were released today. The Reserve Bank of Australia cut its 2015 GDP forecast to 2.25% from 2.5%. 2017 GDP forecast was lowered to 2.75%-3.75% from 3%-4%. The bank also cut its 2016 core inflation forecast to 1.5%-2.5% from 2%-3%. Inflation is expected to rise later on.

EUR/USD: the pair fluctuated within $1.0875-95 in Asian trade

USD/JPY: the pair rose to Y121.85

GBP/USD: the pair fell to $1.5200

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

07:00 Germany Industrial Production s.a. (MoM) September -1.2% 0.5%

07:00 Germany Industrial Production (YoY) September 2.3% 1.55%

07:45 France Trade Balance, bln September -2.98 -3.1

09:30 United Kingdom Industrial Production (MoM) September 1.0% -0.1%

09:30 United Kingdom Industrial Production (YoY) September 1.9% 1.3%

09:30 United Kingdom Manufacturing Production (MoM) September 0.5% 0.4%

09:30 United Kingdom Manufacturing Production (YoY) September -0.8% -0.9%

09:30 United Kingdom Total Trade Balance September -3.27

13:30 Canada Building Permits (MoM) September -3.7% 1.3%

13:30 Canada Unemployment rate October 7.1% 7.1%

13:30 Canada Employment October 12.1 10

13:30 U.S. Average workweek October 34.5 34.5

13:30 U.S. Average hourly earnings October 0% 0.2%

13:30 U.S. Nonfarm Payrolls October 142 180

13:30 U.S. Unemployment Rate October 5.1% 5.1%

15:00 United Kingdom NIESR GDP Estimate October 0.5% 0.6%

20:00 U.S. Consumer Credit September 16.02 17.5

21:15 U.S. FOMC Member Brainard Speaks

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