• Foreign exchange market. European session: the euro traded mixed against the U.S. dollar ahead the European Central Bank's press conference

Market news

4 December 2014

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar ahead the European Central Bank's press conference

Economic calendar (GMT0):

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

00:30 Australia Retail sales (MoM) October +1.3% Revised From +1.2% +0.1% +0.4%

00:30 Australia Retail Sales Y/Y October +5.7% +5.7%

00:30 Australia Trade Balance October -2.24 Revised From -2.26 -1.81 -1.32

08:00 United Kingdom Halifax house price index November -0.4% +0.4%

08:00 United Kingdom Halifax house price index 3m Y/Y November +8.8% +8.2%

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:00 United Kingdom Asset Purchase Facility 375 375 375

12:00 United Kingdom MPC Rate Statement

12:45 Eurozone ECB Interest Rate Decision 0.05% 0.05%

The U.S. dollar traded mixed against the most major currencies ahead of the number of initial jobless claims from the U.S. The number of initial jobless claims in the U.S. is expected to decline by 16,000 to 297,000.

The euro traded mixed against the U.S. dollar ahead the European Central Bank's (ECB) press conference. Investors speculate that the ECB' President Mario Draghi's will announce further stimulus measures to boost the economy and inflation in the Eurozone. Inflation in the Eurozone declined to an annual rate of 0.3% in November.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

The British pound traded slightly lower against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

The Halifax house price index for the U.K. rose 0.4% in November, after a 0.4% decline in October.

On a yearly basis, the Halifax house price index for the U.K. climbed 8.2% in November, after a 8.8% rise in October.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian Ivey purchasing managers' index. The index is expected to increase to 53.2 in November from 51.2 in October.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair fell to $1.5659

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:30 Eurozone ECB Press Conference

13:30 U.S. Initial Jobless Claims November 313 297

13:30 U.S. FOMC Member Mester Speaks

15:00 Canada Ivey Purchasing Managers Index November 51.2 53.2

17:30 U.S. FOMC Member Brainard Speaks

Market Focus
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