• Foreign exchange market. Asian session: the U.S. dollar traded higher against the most major currencies yesterday’s Fed' interest rate decision

Market news

30 October 2014

Foreign exchange market. Asian session: the U.S. dollar traded higher against the most major currencies yesterday’s Fed' interest rate decision

Economic calendar (GMT0):

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

00:30 Australia Import Price Index, q/q Quarter III -3.0% +0.3% -0.8%

00:30 Australia Export Price Index, q/q Quarter III -7.9% -4.8% -3.9%

01:00 Australia HIA New Home Sales, m/m September +3.3% 0.0%

07:00 Switzerland UBS Consumption Indicator September 1.28 Revised From 1.35 1.41

08:00 Switzerland KOF Leading Indicator October 99.1 99.2 99.8

08:55 Germany Unemployment Rate s.a. October 6.7% 6.7% 6.7%

08:55 Germany Unemployment Change October 9 Revised From 13 5 -22

10:00 Eurozone Business climate indicator October 0.02 Revised From 0.07 -0.01 0.05

10:00 Eurozone Economic sentiment index October 99.9 99.5 100.7

10:00 Eurozone Industrial confidence October -5.5 -5.8 -5.1

The U.S. dollar traded higher against the most major currencies. The greenback was supported by yesterday's Fed' interest rate decision. The Fed has decided to end its bond-buying program as widely expected.

The Fed kept its interest unchanged and said that interest rates would remain unchanged for a "considerable time".

The New Zealand dollar declined against the U.S. dollar after yesterday's Reserve Bank of New Zealand's and Fed' interest rate decision. The Reserve Bank of New Zealand (RBNZ) kept its interest rate unchanged at 3.50%.

The RBNZ Governor Graeme Wheeler reiterated the New Zealand dollar's strength is "unjustified and unsustainable". He also said that he expects a "further significant depreciation".

The Australian dollar fell against the U.S. dollar after yesterday's Fed' interest rate decision.

The Housing Industry Association released new home sales data for Australia. New home sales in Australia were flat in September, after a 3.3% rise in August.

Australia's import price index declined 0.8% in the third quarter, missing expectations for a 0.3% rise, after a 3.0% drop in the second quarter.

The Japanese yen traded lower against the U.S. dollar after yesterday's Fed' interest rate decision. No major economic reports were released in Japan.

EUR/USD: the currency pair dropped to $1.2586

GBP/USD: the currency pair fell to $1.5963

USD/JPY: the currency pair rose to Y109.15

The most important news that are expected (GMT0):

2:30 U.S. Initial Jobless Claims October 283 277

12:30 U.S. PCE price index, q/q Quarter III +2.3% +1.7%

12:30 U.S. PCE price index ex food, energy, q/q Quarter III +2.0% +1.4%

12:30 U.S. GDP, q/q (Preliminary) Quarter III +4.6% +3.1%

13:00 Germany CPI, m/m (Preliminary) October 0.0% 0.0%

13:00 Germany CPI, y/y (Preliminary) October +0.8% +0.9%

13:00 U.S. Fed Chairman Janet Yellen Speaks

21:45 New Zealand Building Permits, m/m September 0.0%

23:30 Japan Unemployment Rate September 3.5% 3.6%

23:30 Japan Tokyo Consumer Price Index, y/y October +2.9%

23:30 Japan Household spending Y/Y September -4.7% -4.0%

23:30 Japan Tokyo CPI ex Fresh Food, y/y October +2.6% +2.5%

23:30 Japan National Consumer Price Index, y/y September +3.3% +3.0%

23:30 Japan National CPI Ex-Fresh Food, y/y September +3.1% +3.0%

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