Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia Home Loans September 1.5% Revised From 2.9% 0% 2.0%
00:30 Australia National Australia Bank's Business Confidence October 5 2
01:30 China PPI y/y October -5.9% -5.8% -5.9%
01:30 China CPI y/y October 1.6% 1.5% 1.3%
05:00 Japan Eco Watchers Survey: Current October 47.5 48.2 48.2
05:00 Japan Eco Watchers Survey: Outlook October 49.1 49.1
06:45 Switzerland Unemployment Rate (non s.a.) October 3.2% 3.3% 3.3%
The U.S. dollar rebounded against the yen by the end of the Asian session. Investors are awaiting speeches from Fed officials. Federal Reserve Chairwoman Janet Yellen, Fed vice chair Stanley Fischer and New York Fed President William Dudley will speak on Thursday. Market participants expect to hear more clues on the imminent interest rate hike.
The Australian dollar little changed amid mixed Chinese and domestic data. China is Australia's major trading partner and its consumer price index rose by 1.3% y/y in October after a 1.6% increase in September. Economists had expected a 1.5% reading. A decline in inflation growth pace suggests that domestic demand remains weak. Food prices are among major negative contributors.
Australia's home loans came in at 2.0% in September compared to 0.0% expected by economists and 1.5% (revised from 2.9%) reported previously. Meanwhile National Australia Bank's Business Confidence declined to 2 in October from 5 reported previously. The business conditions index remained at 9.
EUR/USD: the pair fluctuated within $1.0735-60 in Asian trade
USD/JPY: the pair traded within Y123.00-25
GBP/USD: the pair traded within $1.5100-25
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
07:45 France Industrial Production, m/m September 1.6% 0%
07:45 France Industrial Production, y/y September 0.6%
13:30 U.S. Import Price Index October -0.1% -0.1%
15:00 U.S. Wholesale Inventories September 0.1% 0%
17:00 Canada Gov Council Member Wilkins Speaks
19:30 U.S. FOMC Member Charles Evans Speaks
20:00 New Zealand RBNZ Financial Stability Report
20:05 New Zealand RBNZ Governor Graeme Wheeler Speaks
23:30 Australia Westpac Consumer Confidence November 4.2%