(pare/closed(GMT +3)/change, %)

EUR/USD $1,0909 -1,07%

GBP/USD $1,2405 +0,20%

USD/CHF Chf0,9843 +0,33%

USD/JPY Y105,66 +0,47%

EUR/JPY Y115,25 -0,57%

GBP/JPY Y131,06 +0,68%

AUD/USD $0,7633 -1,65%

NZD/USD $0,7277 -1,47%

USD/CAD C$1,3422 +1,01%

00:00 Australia Consumer Inflation Expectation October 3.7%

00:10 New Zealand RBNZ Governor Graeme Wheeler Speaks

00:30 Australia Home Loans September -3% -2%

06:00 Japan Prelim Machine Tool Orders, y/y October -6.3%

07:45 France Industrial Production, m/m September 2.1% 0%

07:45 France Non-Farm Payrolls (Preliminary) Quarter III 0.2% 0.2%

13:30 Canada New Housing Price Index, MoM September 0.2% 0.2%

13:30 U.S. Continuing Jobless Claims 2026 2030

13:30 U.S. Initial Jobless Claims 265 260

14:15 U.S. FOMC Member James Bullard Speaks

19:00 U.S. Federal budget October 33 -80

21:30 New Zealand Business NZ PMI October 57.7

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week. At 485.0 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 2.8 million barrels last week, but are well above the upper limit of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 1.9 million barrels last week but are well above the upper limit of the average range for this time of year. Propane/propylene inventories fell 1.3 million barrels last week but are near the upper limit of the average range. Total commercial petroleum inventories decreased by 7.0 million barrels last week.

The U.S. Census Bureau announced today that September 2016 sales of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $444.9 billion, up 0.2 percent (+/-0.4%) from the revised August level and were up 0.4 percent (+/-1.1%)* from the September 2015 level.

Sales of nondurable goods were up 0.1 percent (+/-0.5%)* from August and were up 0.5 percent (+/-1.2%) from last September. Sales of petroleum and petroleum products were up 5.0 percent from last month, while sales of farm product raw materials were down 12.0 percent.

"The US dollar weakened sharply against other major currencies during election night as the prospects of a Trump victory strengthened. The weakening of the dollar is a reaction to the political uncertainty surrounding the US due to the election outcome.

Although USD depreciation is likely to persist as long as political uncertainty predominates, our assessment is that Trump's victory should be able to benefit the dollar in the long term, mainly in relation to minor currencies.

Trump's economic policies, the threat to global trade and growing geopolitical uncertainty should create an environment that is favourable to the dollar against many currencies, including the euro and Swedish krona".

Copyright © 2016 SEB, eFXnews™

EUR/USD 1.0900 (EUR 275m) 1.0975 (696m) 1.0990 (1.99bn) 1.1000 (330m),1.1070 (367m) 1.1090 (269m) 1.1100 (455m) 1.1115 (232m) 1.1150 (672m) 1.1170(1.09bn), 1.1200 (679m)

USD/JPY 100.00 (305m) 101.00 (225m) 102.00 (616m) 102.50 (523m)

102.80 (400m) 102.90 (330m) 103.00 (488m) 103.25 (582m) 103.50 (230m)

EUR/GBP 0.8850 (230m) 0.9015 (200m)

USD/CHF 1.0000 (USD 531m)

AUD/USD 0.7575 (AUD 201m) 0.7650 (290m) 0.7800 (472m)

USD/CAD: 1.3150 (USD 370m)

EUR/USD

Offers : 1.1250 1.1285 1.1300 1.1325-30 1.1345-50 1.1365 1.1385 1.1400

Bids : 1.1180-85 1.1145-50 1.1125 1.1100 1.1080 1.1050 1.1030 1.1000

GBP/USD

Offers : 1.2430 1.2450 1.2480-85 1.2500 1.2530 1.2550 1.2580 1.2600

Bids : 1.2375-80 1.2350 1.2330 1.2300 1.2280 1.2250-55 1.2200

EUR/GBP

Offers : 0.8980 0.9000 0.9025-30 0.9050 0.9070 0.910

Bids : 0.8920 0.8900 0.8885 0.8860 0.8835 0.8800

EUR/JPY

Offers : 115.00 115.70 116.00 116.30 116.50

Bids : 114.00 113.80 113.50 113.00

USD/JPY

Offers : 103.50 103.80 104.00 104.40-50 104.75-801 05.00 105.20 105.50 105.80 106.00

Bids : 102.80 102.50-55 102.30 102.00 101.80 101.50 101.20 101.00

AUD/USD

Offers : 0.7670 0.7700 0.7730 0.7750 0.7765 0.7780 0.7800

Bids : 0.7600 0.7550 0.7520 0.7500 0.7475-80 0.7450 0.7400

"It will take a very long time to understand the implications of a Trump presidency.

Big picture, it re-enforces the world's shift away from globalization.

In the short-term, the market will likely focus on the following three markers:

Trump rhetoric. Does the potential president-elect sound "presidential" today? Are there signs of moderation in policy, particularly its most controversial aspects on foreign policy? How quickly do we find out about presidential appointments, to the post of Treasury secretary in particular, and are they credible?

Data. There is an unambiguous rise in policy uncertainty and the key question is how much does this impact near-term US and global growth. Both the Fed and the markets will be closely scrutinizing upcoming releases, but we will have to wait until the week of November 21st for the first business confidence surveys (Markit PMI).

Chair Yellen. It is reasonable to assume that the Fed may put December rate hike preparations on hold until more clarity is reached on the data, but even more importantly the market will be looking for confirmation that Chair Yellen will not resign. Trump has been particularly critical of her term so policy continuity will be particularly important.

As far as the dollar goes, there is a clear tension between the negative impact of lower Fed expectations, higher uncertainty and risk premium on US assets compared to the positive implications of Trump's fiscal and corporate tax programs on growth and corporate tax repatriation. We view the impact as unambiguously negative for EM currencies

For developed market currencies the tension between lower Fed expectations near-term but a more positive fiscal story medium-term is balanced enough to keep our forecasts and medium-term dollar bullish outlook unchanged. The one exception to our dollar positive forecasts is USD/JPY, where we view both the Asian geopolitical and risk-aversion impact as sufficiently strong to re-enforce our conviction on our year-end target of 94".

Copyright © 2016 DB, eFXnews™

Economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors. In its autumn forecast released today, the European Commission expects GDP growth in the euro area at 1.7% in 2016, 1.5% in 2017 and 1.7% in 2018 (Spring forecast: 2016: 1.6%, 2017: 1.8%). GDP growth in the EU as a whole should follow a similar pattern and is forecast at 1.8% this year, 1.6% in 2017 and 1.8% in 2018 (Spring forecast: 2016:1.8%, 2017: 1.9%).

Romania's foreign trade deficit increased in September from a year ago, figures from the National Institute of Statistics showed Wednesday.

According to rttnews, the trade deficit rose to EUR 786.8 million in September from EUR 745 million in the corresponding month last year. In August, the shortfall was EUR 1.02 billion.

Both exports and imports grew by 6.7 percent and 6.5 percent, respectively in September from a year ago.

During the first nine months of the year, total trade deficit of the country was EUR 6.93 billion versus EUR 5.54 billion deficit in the same period of 2015.

• has congratulated Trump

• we know it won't be easy

• Russia ready to do its part

• restoring US-Russian relations is in interest of both countries

Between Quarter 2 (April to June) 2016 and Quarter 3 (July to September) 2016, the total trade deficit for goods and services narrowed by £1.6 billion to £11.0 billion. There was a £4.5 billion (6.1%) increase in exports of goods and a £3.1 billion (2.8%) increase in imports of goods; these increases were partially offset by a £0.1 (0.1%) billion decrease in exports of services and a £0.3 (0.7%) billion decrease in imports of services.

Between Quarter 2 2016 and Quarter 3 2016, the deficit on trade in goods narrowed by £1.5 billion to £33.2 billion. Exports increased by £4.5 billion (6.1%) and imports increased by £3.1 billion (2.8%).

Between Quarter 2 2016 and Quarter 3 2016, the UK's trade in goods deficit with the EU widened by £0.4 billion to £23.8 billion as imports increased more than export. Between Quarter 2 2016 and Quarter 3 2016, the UK's trade in goods deficit with countries outside the EU narrowed by £1.9 billion to £9.4 billion, attributed to an increase in exports (5.9%).

• At 11:00 GMT the ECB Board Member Peter Praet will make a speech

• At 19:45 GMT the ECB board member Benoit Koeure will deliver a speech

• At 21:00 GMT Andy Haldane of the Bank of England will make a speech

• At 21:01 GMT the United States will hold an auction of 10-year bonds

• At 21:30 GMT FOMC member Neil Kashkari will deliver a speech

• At 23:00 GMT the RBNZ decision on the basic interest rate

EUR/USD 1.0900 (EUR 275m) 1.0975 (696m) 1.0990 (1.99bn) 1.1000 (330m),1.1070 (367m) 1.1090 (269m) 1.1100 (455m) 1.1115 (232m) 1.1150 (672m) 1.1170(1.09bn), 1.1200 (679m)

USD/JPY 100.00 (305m) 101.00 (225m) 102.00 (616m) 102.50 (523m)

102.80 (400m) 102.90 (330m) 103.00 (488m) 103.25 (582m) 103.50 (230m)

EUR/GBP 0.8850 (230m) 0.9015 (200m)

USD/CHF 1.0000 (USD 531m)

AUD/USD 0.7575 (AUD 201m) 0.7650 (290m) 0.7800 (472m)

USD/CAD: 1.3150 (USD 370m)

Consumer prices in China were up 2.1 percent on year in October, the National Bureau of Statistics said on Wednesday.

That was in line with expectations and up from 1.9 percent in September.

On a monthly basis, inflation dipped 0.1 percent after gaining 0.7 percent a month earlier.

Producer prices jumped an annual 1.2 percent - again beating forecasts for 0.9 percent following the 0.1 percent gain in the previous month - rttnews says.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1338 (3180)

$1.1298 (3760)

$1.1260 (6578)

Price at time of writing this review: $1.1199

Support levels (open interest**, contracts):

$1.1033 (349)

$1.0988 (1856)

$1.0956 (3255)

Comments:

- Overall open interest on the CALL options with the expiration date December, 9 is 61112 contracts, with the maximum number of contracts with strike price $1,1200 (6578);

- Overall open interest on the PUT options with the expiration date December, 9 is 54189 contracts, with the maximum number of contracts with strike price $1,0900 (4770);

- The ratio of PUT/CALL was 0.87 versus 0.88 from the previous trading day according to data from November, 8

GBP/USD

Resistance levels (open interest**, contracts)

$1.2803 (1138)

$1.2705 (1517)

$1.2607 (1233)

Price at time of writing this review: $1.2479

Support levels (open interest**, contracts):

$1.2386 (1276)

$1.2290 (3477)

$1.2193 (892)

Comments:

- Overall open interest on the CALL options with the expiration date December, 9 is 32100 contracts, with the maximum number of contracts with strike price $1,3400 (2560);

- Overall open interest on the PUT options with the expiration date December, 9 is 34099 contracts, with the maximum number of contracts with strike price $1,2300 (3477);

- The ratio of PUT/CALL was 1.06 versus 1.06 from the previous trading day according to data from November, 8

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.