Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
01:30 Australia Retail Sales, M/M August -0.1% 0.4% 0.4%
01:30 Eurozone ECB President Mario Draghi Speaks
The U.S. dollar advanced against the euro ahead of today's payrolls data. A median forecasts suggests that the number of jobs outside the farming sector rose by 203,000 in the past month compared to 173,000 reported previously. Many analysts expect the unemployment rate to stay at 5.1%. In August creation of jobs slowed down. That's why market participants want to know whether it was a onetime result or a beginning of a trend. Many investors also believe that this report will determine Federal Reserve's readiness to raise rates.
The Australian dollar fell amid retail sales data. The Australian Bureau of Statistics reported that retail sales rose by seasonally-adjusted 0.4% in August in line with economists' expectations. July reading was -0.1%. A detailed report showed that Australians started to spend more money on food, while sales of clothing and footwear declined.
EUR/USD: the pair fell to $1.1175 in Asian trade
USD/JPY: the pair fluctuated around Y119.90
GBP/USD: the pair rose to $1.5145
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
08:30 United Kingdom PMI Construction September 57.3 57.5
09:00 Eurozone Producer Price Index, MoM August -0.1% -0.6%
09:00 Eurozone Producer Price Index (YoY) August -2.1% -2.4%
12:30 U.S. Average workweek September 34.6 34.6
12:30 U.S. Average hourly earnings September 0.3% 0.2%
12:30 U.S. Nonfarm Payrolls 173 203
12:30 U.S. Unemployment Rate September 5.1% 5.1%
14:00 U.S. Factory Orders August 0.4% -1.2%
17:30 U.S. FED Vice Chairman Stanley Fischer Speaks