• Foreign exchange market. Asian session: the euro continued climbing

Market news

5 October 2015

Foreign exchange market. Asian session: the euro continued climbing

Economic calendar (GMT0):

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

00:30 Australia ANZ Job Advertisements (MoM) September 1.3% Revised From 1.0% 3.9%

01:30 Japan Labor Cash Earnings, YoY August 0.9% Revised From 0.6% 0.5%

The euro continued rising against the U.S. dollar amid weak data on U.S. employment, which were released on Friday. The Department of Labor reported that the number of employed outside the farming sector rose by seasonally adjusted 142,000 compared to expectations for 200,000 new jobs. July and August readings were revised down to 233,000 from 245,000 and to 136,000 from 173,000 respectively. That's why many investors believe that a rate hike would not be justified.

Market participants are waiting for Germany's industrial production data due tomorrow. Analysts expect the index to fall. Slower growth in China and the scandal around Volkswagen might have weighed on the country's exports.

The Australian dollar rose amid favorable inflation data. The index published by the University of Melbourne came in at 0.3% in September compared to 0.1% reported previously. Meanwhile the ANZ Jobs Advertisements index rose to 3.9% in September from 1% prior. Experts said that a positive trend in the labor market means that the country's economy recovers gradually after a negative impact of lower commodity prices and weaker mining investments.

EUR/USD: the pair rose to $1.1245 in Asian trade

USD/JPY: the pair traded around Y119.85-20

GBP/USD: the pair rose to $1.5220

The most important news that are expected (GMT0):

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

07:50 France Services PMI (Finally) September 50.6 51.2

07:55 Germany Services PMI (Finally) September 54.9 54.3

08:00 Eurozone Services PMI (Finally) September 54.4 54

08:30 Eurozone Sentix Investor Confidence October 13.6

08:30 United Kingdom Purchasing Manager Index Services September 55.6 56

09:00 Eurozone Retail Sales (MoM) August 0.4% -0.1%

09:00 Eurozone Retail Sales (YoY) August 2.7% 1.8%

13:45 U.S. Services PMI (Finally) September 56.1 55.6

14:00 U.S. Labor Market Conditions Index September 2.1

14:00 U.S. ISM Non-Manufacturing September 59 58

21:00 New Zealand NZIER Business Confidence Quarter III 5

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