• Foreign exchange market. European session: the U.S. dollar declined against the most major currencies after the weaker-than-expected U.S. durable goods orders

Market news

28 October 2014

Foreign exchange market. European session: the U.S. dollar declined against the most major currencies after the weaker-than-expected U.S. durable goods orders

Economic calendar (GMT0):

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

12:30 U.S. Durable Goods Orders September -18.3% Revised From -18.4% +0.4% -1.3%

12:30 U.S. Durable Goods Orders ex Transportation September +0.4% Revised From +0.7% +0.5% -0.2%

12:30 U.S. Durable goods orders ex defense September -19.1% -1.5%

The U.S. dollar declined against the most major currencies after the weaker-than-expected U.S. durable goods orders. The U.S. durable goods orders declined 1.3% in September, missing expectations for a 0.4% increase, after a 18.3% drop in August. August's figure was revised down from a 0.7% increase.

The U.S. durable goods orders excluding transportation fell 0.2% in September, missing expectations for a 0.5% gain, after a 0.4% rise in August. August's figure was revised up from a 18.4% decrease.

The U.S. durable goods orders excluding defence decreased 1.5% in September, after a revised 19.1% fall in August.

The consumer confidence in the U.S. is expected to rise to 87.4 in October from 86.00 in September.

The euro increased against the U.S. dollar in the absence of any major economic reports from the Eurozone.

The British pound rose against the U.S. dollar in the absence of any major economic reports from the U.K.

EUR/USD: the currency pair increased to $1.2759

GBP/USD: the currency pair rose to $1.6178

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y August +6.7% +5.7%

14:00 U.S. Consumer confidence October 86.0 87.4

23:50 Japan Industrial Production (MoM) (Preliminary) September -1.9% +2.3%

23:50 Japan Industrial Production (YoY) (Preliminary) September -3.3% -2.6%

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