Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:00 Australia Consumer Inflation Expectation October 3.5% 3.5%
00:30 Australia Changing the number of employed October -0.8 Revised From -5.1 15 58.6
00:30 Australia Unemployment rate October 6.2% 6.2% 5.9%
The U.S. dollar slightly advanced against the yen ahead of speeches from Federal Reserve's officials. Market participants expect to hear more clues on the probability of a rate hike in December. Fed Chairwoman Janet Yellen, Vice Chair Stanley Fischer and New York Fed President William Dudley are due to speck today. According to Bloomberg there is almost a 70% chance of a rate hike next month.
The Australian dollar rose against the greenback amid a better-than-expected jobs report. The Australian Bureau of Statistics said the number of employed rose by 58,600 in October and the unemployment rate fell to 5.9%. Most economists had expected the unemployment rate to remain at 6.2%. This year the Australian economy created 197,000 jobs, marking the biggest increase in four and a half years. This means the Reserve Bank of Australia was right when it decided not to cut its benchmark interest rate at the last meeting and monitor upcoming economic data.
EUR/USD: the pair rose to $1.0780 in Asian trade
USD/JPY: the pair rose to Y123.05
GBP/USD: the pair rose to $1.5245
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
07:00 Germany CPI, m/m (Finally) October -0.2% 0.0%
07:00 Germany CPI, y/y (Finally) October 0% 0.3%
07:45 France CPI, m/m October -0.4%
07:45 France CPI, y/y October 0.0%
08:30 Eurozone ECB President Mario Draghi Speaks
10:00 Eurozone Industrial production, (MoM) September -0.5% -0.1%
10:00 Eurozone Industrial Production (YoY) September 0.9% 1.3%
10:30 Eurozone ECB President Mario Draghi Speaks
13:30 Canada New Housing Price Index, MoM September 0.3% 0.2%
13:30 U.S. Continuing Jobless Claims October 2163 2160
13:30 U.S. Initial Jobless Claims November 276 270
14:30 U.S. Fed Chairman Janet Yellen Speaks
15:00 U.S. JOLTs Job Openings September 5.370 5.370
15:15 U.S. FOMC Member Charles Evans Speaks
16:00 U.S. Crude Oil Inventories November 2.847 1.7
17:15 U.S. FOMC Member Dudley Speak
19:00 U.S. Federal budget October 91 -130
23:00 U.S. FED Vice Chairman Stanley Fischer Speaks
23:30 Australia Westpac Consumer Confidence November 4.2%