• Foreign exchange market. European session: the euro traded mixed against the U.S. dollar on the better-than-expected ZEW economic sentiment data from Germany

Market news

17 November 2015

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar on the better-than-expected ZEW economic sentiment data from Germany

Economic calendar (GMT0):

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

00:30 Australia RBA Meeting's Minutes

09:30 United Kingdom Producer Price Index - Output (MoM) October -0.1% 0% 0%

09:30 United Kingdom Producer Price Index - Input (YoY) October -13.3% -12% -12.1%

09:30 United Kingdom Producer Price Index - Input (MoM) October 0.5% Revised From 0.6% 0.2% 0.2%

09:30 United Kingdom Producer Price Index - Output (YoY) October -1.8% -1.3% -1.3%

09:30 United Kingdom Retail Price Index, m/m October -0.1% 0.1% 0.0%

09:30 United Kingdom Retail prices, Y/Y October 0.8% 0.9% 0.7%

09:30 United Kingdom HICP, m/m October -0.1% 0.1% 0.1%

09:30 United Kingdom HICP, Y/Y October -0.1% -0.1% -0.1%

09:30 United Kingdom HICP ex EFAT, Y/Y October 1.0% 1% 1.1%

10:00 Eurozone ZEW Economic Sentiment November 30.1 35.2 28.3

10:00 Germany ZEW Survey - Economic Sentiment November 1.9 6 10.4

The U.S. dollar traded mixed to lower against the most major currencies ahead the release of the U.S. economic data from the U.S. The U.S. consumer price inflation is expected to rise to 0.1% year-on-year in October from 0.0% in September.

The U.S. consumer price index excluding food and energy is expected to remain unchanged 1.9% year-on-year in October.

The U.S. industrial production is expected to increase 0.1% in October, after a 0.2% fall in September.

The NAHB housing market index is expected to remain unchanged at 64 in November.

The euro traded mixed against the U.S. dollar on the better-than-expected ZEW economic sentiment data from Germany. The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany's ZEW economic sentiment index climbed to 10.4 in November from 1.9 in October, exceeding expectations for a rise to 6.0.

"The outlook for the German economy is brightening again towards the end of the year. Economic pessimism appears not to have increased after the terror attacks in Paris. The currently high level of consumption in Germany, the recent decline in the external value of the euro, and the ongoing recovery in the United States are likely to bolster the robust development of the German economy," the ZEW President Clemens Fuest.

Eurozone's ZEW economic sentiment index decreased to 28.3 in November from 30.1 in October, missing expectations for an increase to 35.2.

Greek Finance Minister Euclid Tsakalotos said on Tuesday that the Greek government reached a deal with its creditors.

"We have reached agreement on everything, including the 48 additional measures," he said.

The British pound traded higher against the U.S. dollar on the U.K. inflation data. The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index remained unchanged at -0.1% in October, in line with expectations.

The decline was driven by lower food, alcohol and tobacco prices.

Consumer price inflation excluding food, energy, alcohol and tobacco prices climbed to 1.1% year-on-year in October from 1.0% in September. Analysts had expected the inflation to remain unchanged at 1.0%.

The consumer price inflation is below the Bank of England's 2% target.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair rose to $1.5216

USD/JPY: the currency pair decreased to Y123.17

The most important news that are expected (GMT0):

13:30 U.S. CPI, m/m October -0.2% 0.2%

13:30 U.S. CPI, Y/Y October 0.0% 0.1%

13:30 U.S. CPI excluding food and energy, m/m October 0.2% 0.2%

13:30 U.S. CPI excluding food and energy, Y/Y October 1.9% 1.9%

14:15 U.S. Capacity Utilization October 77.5% 77.5%

14:15 U.S. Industrial Production (MoM) October -0.2% 0.1%

14:15 U.S. Industrial Production YoY October 0.4%

15:00 U.S. NAHB Housing Market Index November 64 64

21:00 U.S. Total Net TIC Flows September -9.2

21:00 U.S. Net Long-term TIC Flows September 20.4

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