• Asian session: the yen rose

Market news

1 October 2012

Asian session: the yen rose

 Data:

01:00 China Manufacturing PMI September 49.2 50.0 49.8

The euro rose against the dollar during the Asian session, when the Japanese were published ambiguous indicators and PMI in the manufacturing sector in China, which once again failed to overcome the mark of 50 and reflect the reduction in the sector.

The yen rose against the dollar despite the fact that the consumer sentiment index, calculated by the Bank of Japan, fell in July and September, indicating that the recovery of the Japanese economy stalled amid the slowdown in overseas economies. This is shown by a report released on Monday the Bank of Japan.

According to the data, the index of consumer sentiment central bank of Japan for the period fell to -43.1 vs. -39.5 in April-June.

This means that for the first four quarters deteriorated. The index is calculated by subtracting the number of consumers who say the deteriorating economic situation in comparison with the same period the previous year, the share of those who believe that the situation has improved.

Data on consumer sentiment meet quarterly Tankan index of the central bank, which points to a more pessimistic mood among Japanese business community: sentiment index of large Japanese manufacturers in the 3rd quarter fell to -3 vs. -1 in the 2nd quarter.

The Australian dollar weakened against the U.S. dollar under pressure from a number of factors: lower expectations of future RBA rate decision (many in the market predict its decline by 25 basis points), weak Chinese PMI and the overall risk aversion amid concerns about the debt crisis in Europe .


EUR / USD: during the Asian session the pair rose to $ 1.2864

GBP / USD: during the Asian session the pair fell to $ 1.6107.

USD / JPY: during the Asian session the pair fell to Y77.78.


On Monday at 07:00 GMT in the UK will house price index from HBOS in September. At 07:15 GMT Spain will report on the index for the manufacturing PMI for September. At the same time, Switzerland will announce the change in real retail sales for August. At 07:30 GMT Switzerland is to publish an index of SVME PMI for September. At 07:45 GMT in Italy, there are data on the index for the manufacturing PMI for September. At 07:50 GMT France will provide an index for the manufacturing PMI for September. At 07:55 GMT Germany is to publish an index for the manufacturing PMI for September. At 08:00 GMT Eurozone release index for the manufacturing PMI for September. At 08:30 GMT the UK account for the amount of net lending to individuals in August. At the same time become known index for the manufacturing PMI for September and the data on the number of applications approved for a mortgage loan in August. At 09:00 GMT Eurozone will publish data on the unemployment rate for August. At 12:30 GMT in Canada will index of commodity prices for August. At 13:00 GMT the U.S. will provide an index of business activity in the manufacturing sector in September, at 14:00 GMT - ISM manufacturing index for September. At 16:00 GMT the U.S. will make a speech the President of the Federal Reserve Bank of San Francisco, John Williams

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