• European session: the euro shows a rapid increase

Noticias del mercado

7 septiembre 2012

European session: the euro shows a rapid increase

Data

01:30 Australia Trade Balance July 0.01 -0.30 -0.56

05:00 Japan Leading Economic Index July 93.2 91.7 91.8

05:00 Japan Coincident Index July 94.1 93.2 94.8

05:45 Switzerland Unemployment Rate August 2.9% 2.9% 2.9%

06:00 Germany Trade Balance July 16.2 15.4 16.1

06:00 Germany Current Account July 16.5 13.5 12.8

07:00 Switzerland Foreign Currency Reserves August 406.5 418.4

08:30 United Kingdom Industrial Production (MoM) July -2.5% +1.7% +2.9%

08:30 United Kingdom Industrial Production (YoY) July -4.3% -2.8% -0.8%

08:30 United Kingdom Manufacturing Production (MoM) July -2.9% +2.1% +3.2%

08:30 United Kingdom Manufacturing Production (YoY) July -4.3% -2.4% -0.5%

08:30 United Kingdom Producer Price Index - Input (MoM) August +1.3% +1.6% +2.0%

08:30 United Kingdom Producer Price Index - Input (YoY) August -2.4% +1.5% +1.4%

08:30 United Kingdom Producer Price Index - Output (MoM) August 0.0% +0.3% +0.5%

08:30 United Kingdom Producer Price Index - Output (YoY) August +1.7% +1.9% +2.2%

08:30 United Kingdom Consumer Inflation Expectations Quarter III +3.7% +3.2%

10:00 Germany Industrial Production s.a. (MoM) July -0.9% +0.1% +1.3%

10:00 Germany Industrial Production (YoY) July -0.3% -3.0% -1.4%


The euro strengthened to a 10-week high against the dollar after the German data showed that the volume of exports and industrial production increased in July, increasing the demand for foreign currency in the region. German exports grew by 0.5% in July, compared with the revised figure in June at 1.4% and economists' expectations of 0.5% decline. Industrial production rose by 1.3% in July, compared with the revised figure in June at 0.4%.

The single currency continued to rise against the yen on speculation that the European Central Bank announced a program to purchase bonds will help contain the debt crisis in the EU. ECB President Mario Draghi said yesterday that the central bank will focus on government bonds with a maturity of one to three years to help keep borrowing costs. Purchases will have a neutral impact on the money supply.

The dollar fell against most major currencies in anticipation of the release of data on the number of people employed in non-agricultural sectors of the economy and unemployment.

At the same time, the Swiss franc fell against the euro to its lowest level since March, due to lower demand for safe assets.

The dollar index (DXY) shows a decline of a third day before today's report on employment.

It is predicted that U.S. employers hired 130,000 workers last month, after adding 163,000 people in July. Yesterday, a report from ADP Employer showed that companies have created 201,000 jobs in August, which was above analysts' forecasts at 140 thousand.

The Canadian dollar continued its sharp rise yesterday against the dollar as market participants are waiting for release of Canadian data on employment.


EUR/USD: during the European session, the pair showed steady growth, while setting a new high at $ 1.2713 and is now trading in the achieved values

GBP/USD: the pair grown, reaching a high of $ 1.5985, but then fell sharply, reaching a minimum value at the same session

USD/JPY: the pair slightly increased, reaching the previous maximum, and then fell to the opening level of the day


At 12:30 GMT in Canada will come changes in the volume of building permits issued in July, the unemployment rate, changes in the number of employees, including full-and part-time in August, the change in labor productivity for the 2nd quarter. At 12:30 GMT the U.S. will release the unemployment rate, changes in the number of people employed in non-agricultural sector, changes in the number of employees in the private sector of the economy, changes in the number of employees in the manufacturing sector of the economy, changes in the average hourly wage. At 14:00 Canada is to publish an index of the PMI Ivey (including seasonally adjusted). At 14:00 GMT the UK there are data on the volume change of the NIESR GDP for August.

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