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  • Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the weaker-than-expected GDP data from the Eurozone
Market news
13.11.2015, 13:02

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the weaker-than-expected GDP data from the Eurozone

Economic calendar (GMT0):

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

04:30 Japan Industrial Production (MoM) (Finally) September -1.2% 1.0% 1.1%

04:30 Japan Industrial Production (YoY) (Finally) September -0.4% -0.9% -0.8%

06:30 France GDP, Y/Y (Preliminary) Quarter III 1.1% 1.2%

06:30 France GDP, q/q (Preliminary) Quarter III 0.0% 0.3% 0.3%

07:00 Germany GDP (QoQ) (Preliminary) Quarter III 0.4% 0.3% 0.3%

07:00 Germany GDP (YoY) (Preliminary) Quarter III 1.6% 1.8% 1.8%

10:00 Eurozone Trade balance unadjusted September 11.2 18.2 20.5

10:00 Eurozone GDP (QoQ) (Preliminary) Quarter III 0.4% 0.4% 0.3%

10:00 Eurozone GDP (YoY) (Preliminary) Quarter III 1.5% 1.7% 1.6%

The U.S. dollar traded mixed to lower against the most major currencies ahead the release of the U.S. economic data. The U.S. retail sales are expected to rise 0.3% in October, after a 0.1% gain in September.

Retail sales excluding automobiles are expected to increase 0.4% in October, after a 0.3% decrease in September.

The U.S. PPI is expected to climb 0.2% in October, after a 0.5% drop in September.

The U.S. producer price inflation excluding food and energy is expected to rise 0.1% in October, after a 0.3 fall in September.

The preliminary Thomson Reuters/University of Michigan preliminary consumer sentiment index is expected to rise to 91.5 in November from a final reading of 90.0 in October.

The euro traded mixed against the U.S. dollar after the release of the weaker-than-expected GDP data from the Eurozone. Eurostat released its GDP growth figures for the Eurozone on Friday. Eurozone's preliminary gross domestic product (GDP) increased by 0.3% in the third quarter, missing expectations for a 0.4% rise, after a 0.4% gain in the second quarter.

On a yearly basis, Eurozone's preliminary GDP rose by 1.6% in the third quarter, missing expectations for a 1.7% increase, after a 1.5% gain in the second quarter.

Eurostat released no details of the component breakdown of GDP.

The U.S. economy grew 0.4% in the third quarter, after a 1.0% growth in second quarter. On a yearly basis, the U.S. economy expanded at 2.0% in third quarter, after a 2.7% increase in the second quarter.

Eurozone's unadjusted trade surplus jumped to €20.5 billion in September from €11.2 billion in August, exceeding expectations for a rise €18.2 billion.

Exports rose at an annual rate of 1.0% in September, while imports decreased by 1.0%.

The British pound traded slightly higher against the U.S. dollar after the release of the U.K. construction data. The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. declined 0.2% in September, after a 3.4% drop in August. It was the third consecutive decline.

On a quarterly basis, construction output slid 2.2% in third quarter.

The decline was driven by a drop in in construction by smaller firms in August.

On a yearly basis, construction output fell 1.6% in September, after a 0.6% decrease in August.

Construction makes up 6% of UK's economy.

The Swiss franc traded mixed against the U.S. dollar. The Federal Statistical Office released its producer and import prices data on Friday. Switzerland's producer and import prices rose 0.2% in October, after a 0.1% drop in September.

The increase was mainly driven by higher prices for machinery and watches.

The Import Price Index decreased by 0.1% in October, while producer prices climbed 0.3%.

On a yearly basis, producer and import prices plunged 6.6% in October, after a 6.8% drop in September.

The Import Price Index fell by 11.0% year-on year in October, while producer prices dropped 4.5%.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair was up to $1.5231

USD/JPY: the currency pair decreased to Y122.51

The most important news that are expected (GMT0):

13:30 Canada Manufacturing Shipments (MoM) September -0.2%

13:30 U.S. Retail sales October 0.1% 0.3%

13:30 U.S. Retail Sales YoY October 2.4%

13:30 U.S. Retail sales excluding auto October -0.3% 0.4%

13:30 U.S. PPI, m/m October -0.5% 0.2%

13:30 U.S. PPI, y/y October -1.1% -1.2%

13:30 U.S. PPI excluding food and energy, m/m October -0.3% 0.1%

13:30 U.S. PPI excluding food and energy, Y/Y October 0.8% 0.5%

15:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) November 90 91.5

15:00 U.S. Business inventories September 0.0% 0%

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