• Foreign exchange market. Asian session: the U.S. dollar gained

Market news

7 December 2015

Foreign exchange market. Asian session: the U.S. dollar gained

Economic calendar (GMT0):

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

00:30 Australia ANZ Job Advertisements (MoM) November 0.4% 1.3%

03:45 Japan BOJ Governor Haruhiko Kuroda Speaks

05:00 Japan Leading Economic Index (Preliminary) October 101.6 102.9

05:00 Japan Coincident Index (Preliminary) October 112.3 114.3

The U.S. dollar advanced against the yen on strong employment data. The U.S. Department of Labor reported on Friday that the U.S. economy created 211,000 jobs in November compared to expectations for a 200,000 gain. The unemployment rate remained at 5% in line with expectations. The Federal Reserve is now widely expected to raise interest rates later this month.

The Australian dollar was traded range-bound amid mixed data. The Australian Industry Group reported that the Performance of Construction Index declined to 50.7 in November from 52.1 reported previously. The index remained above the 50 point threshold due to apartment building activity with a reading of 69. Meanwhile house building contracted to a reading of 48. New orders slipped to a reading of 49.8. The employment sub-index came in at 54.5.

ANZ Job Advertisements index came in at 1.3% in November compared to 0.4% in October signaling that Australia's labor market is getting healthier.

EUR/USD: the pair fluctuated within $1.0850-85 in Asian trade

USD/JPY: the pair rose to Y123.30

GBP/USD: the traded within $1.5090-15

The most important news that are expected (GMT0):

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

07:00 Germany Industrial Production s.a. (MoM) October -1.1% 0.7%

07:00 Germany Industrial Production (YoY) October 0.2%

09:30 Eurozone Sentix Investor Confidence December 15.1

15:00 United Kingdom BOE Gov Mark Carney Speaks

15:00 U.S. Labor Market Conditions Index November 1.6

20:00 U.S. Consumer Credit October 28.92 20.7

23:50 Japan Current Account, bln October 1468 1659.4

23:50 Japan GDP, q/q (Finally) Quarter III -0.3% 0%

23:50 Japan GDP, y/y (Finally) Quarter III -0.7% 0.1%

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