• Foreign exchange market. Asian session: the yen little changed despite weak domestic data

Market news

30 September 2015

Foreign exchange market. Asian session: the yen little changed despite weak domestic data

Economic calendar (GMT0):

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

00:00 New Zealand ANZ Business Confidence September -29.1 -18.9

01:30 Australia Private Sector Credit, m/m August 0.6% 0.5% 0.6%

01:30 Australia Private Sector Credit, y/y August 6.1% 6.3%

01:30 Australia Building Permits, m/m August 7.9% Revised From 4.2% -2% -6.9%

05:00 Japan Construction Orders, y/y August -4.0% -15.6%

05:00 Japan Housing Starts, y/y August 7.4% 7.8% 8.8%

06:00 United Kingdom Nationwide house price index, y/y September 3.2% 3.8% 3.8%

06:00 United Kingdom Nationwide house price index September 0.3% 0.4% 0.5%

06:00 Germany Retail sales, real adjusted August 1.4% 0.2% -0.4%

06:00 Germany Retail sales, real unadjusted, y/y August 3.3% 3.1% 2.5%

06:00 Switzerland UBS Consumption Indicator August 1.64 1.63

The yen traded with modest changes amid disappointing domestic statistics. The country's industrial production fell by 0.5% m/m in August as companies tried to handle consequences of uneven recovery around the globe. The decline was led by weaker output of construction machines, air conditioners and automobiles. Economists expected the index to grow by 1.0%. On an annualized basis industrial production rose by 0.2%. The index reflects the change of output in manufacturing, mining industry and utility services. Meanwhile Japanese retail sales fell by 0.8% y/y in August vs expectations for a 1.1% increase.

The Australian dollar advanced amid growth in Chinese stocks and positive data on private sector credit in Australia (+0.6% in August vs +0.5% expected).

EUR/USD: the pair fluctuated within $1.1235-65 in Asian trade

USD/JPY: the pair traded within Y119.70-00

GBP/USD: the pair traded within $1.5145-60

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

07:00 Switzerland KOF Leading Indicator September 100.7 100.9

07:55 Germany Unemployment Change September -6 -5

07:55 Germany Unemployment Rate s.a. September 6.4% 6.4%

08:30 United Kingdom Current account, bln Quarter II -26.6 -22.25

08:30 United Kingdom GDP, q/q (Finally) Quarter II 0.4% 0.7%

08:30 United Kingdom GDP, y/y (Finally) Quarter II 2.9% 2.6%

09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) September 0.1% 0%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) September 0.9% 0.9%

09:00 Eurozone Unemployment Rate August 10.9% 10.9%

11:00 U.S. MBA Mortgage Applications September 13.9%

12:00 U.S. FOMC Member Dudley Speak

12:15 U.S. ADP Employment Report September 190 194

12:30 Canada GDP (m/m) July 0.5% 0.2%

13:45 U.S. Chicago Purchasing Managers' Index September 54.4 53

14:30 U.S. Crude Oil Inventories September -1.925 0

19:00 U.S. Fed Chairman Janet Yellen Speaks

23:30 Australia AIG Manufacturing Index September 51.7

23:50 Japan BoJ Tankan. Manufacturing Index Quarter III 15 13

23:50 Japan BoJ Tankan. Non-Manufacturing Index Quarter III 23 20

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