• Foreign exchange market. European session: the British pound dropped against the U.S. dollar after a weekend Scotland's independence poll

Market news

8 September 2014

Foreign exchange market. European session: the British pound dropped against the U.S. dollar after a weekend Scotland's independence poll

Economic calendar (GMT0):

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

00:00 China Bank holiday

01:30 Australia ANZ Job Advertisements (MoM) August +0.5% +1.5%

01:30 China Trade Balance, bln August 47.3 40.8 49.83

05:00 Japan Eco Watchers Survey: Current August 51.3 52.4 47.4

05:00 Japan Eco Watchers Survey: Outlook August 51.5 50.4

05:45 Switzerland Unemployment Rate August 3.2% 3.2% 3.2%

06:00 Germany Trade Balance July 16.2 17.3 22.2

07:00 United Kingdom Halifax house price index August +1.4% +0.2% +0.1%

07:00 United Kingdom Halifax house price index 3m Y/Y August +10.2% +9.7%

07:15 Switzerland Retail Sales Y/Y July +3.3% Revised From +3.4% +3.7% -0.6%

07:15 Switzerland Consumer Price Index (MoM) August -0.4% -0.1% 0.0%

07:15 Switzerland Consumer Price Index (YoY) August 0.0% 0.0% +0.1%

08:30 Eurozone Sentix Investor Confidence September 2.7 3.2 -9.8

The U.S. dollar traded mixed to higher against the most major currencies. The greenback was supported by Friday's U.S. labour market data. The U.S. economy added 142,000 jobs in August, missing expectations for a rise of 222,000 jobs, after a gain of 212,000 jobs in July. July's figure was revised up from a gain of 209,000 jobs.

That was the slowest pace in 2014.

The U.S. unemployment rate declined to 6.1% in August from 6.2% in July, in line with expectations.

The euro traded mixed against the U.S. dollar. Germany's trade surplus jumped to €22.2 billion in July from €16.4 billion in June, exceeding expectations for a surplus €17.3 billion. June's figure was revised up from a surplus of €16.2 billion.

The Sentix investor confidence index for the Eurozone dropped to -9.8 in September from 2.7 in August, missing forecasts of an increase to 3.2. That was the lowest level since July 2013.

The British pound dropped against the U.S. dollar after a weekend Scotland's independence poll. A weekend poll showed 47% said "yes" to independence, while 45% said "no", with the rest undecided. That was the first time lead for "yes" campaign.

The Swiss franc traded mixed against the U.S. dollar after the mixed economic data from Switzerland. Retail sales in Switzerland declined at an annualized rate of 0.6% in July, missing expectations for a rise of 2.6%, after a 3.3% in June. June's figure was revised down from a 3.4% increase.

Switzerland's consumer price index (CPI) was flat in August, missing expectations for a 0.1% decline, after a 0.4% decrease in July.

On a yearly basis, Swiss CPI increased 0.1% in August (July: 0.0%). Analysts had expected the index to remain flat.

Switzerland's unemployment rate remained unchanged at 3.2% in August, in line with expectations.

The Canadian dollar traded lower against the U.S. dollar ahead of Canadian building permits. Building permits are expected to increase 4.2% in July, after a 13.5% gain in June.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair fell to $1.6102

USD/JPY: the currency pair rose to Y105.33

The most important news that are expected (GMT0):

12:30 Canada Building Permits (MoM) July +13.5% +4.2%

23:50 Japan Monetary Policy Meeting Minutes

23:50 Japan Tertiary Industry Index July -0.1% -0.3%

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