• European session: the pound fell sharply against the U.S. dollar

Noticias del mercado

13 diciembre 2013

European session: the pound fell sharply against the U.S. dollar

Dats

4:30 Japan Industrial Production m / m (final ) October +0.5 % +0.5 % +1.0 %

4:30 Japan Industrial Production y / y (final ) October +4.7 % +4.7 % +5.4%

8:15 Switzerland PPI and import , m / m in November -0.4% +0.3 % -0.1 %

8:15 Switzerland PPI and import y / y in November -0.3% -0.3 % -0.4 %

8:45 Great Speech BOE Mark Carney

12:30 Speech UK BoE chief economist Spencer Dale


Rate of the euro fell sharply against the dollar, which has been associated with the release of the employment report in the eurozone. In statistical agency Eurostat reported that employment in the euro area remained unchanged during the third quarter. Add that employment has not changed for the second consecutive quarter . As it became known , the seasonally adjusted number of persons employed in the euro area remained unchanged at the end of the third quarter. Meanwhile, we note that the annualized employment decreased by 0.8 percent in the three months to September , which followed after falling 1.1 percent in the previous quarter .

In the European Union (EU ), employment has remained unchanged in the third quarter as it was in the second quarter . In annual terms, employment in the EU fell by 0.3 percent last quarter, compared with a fall of 0.6 percent in the second quarter .

Statistical agencies reported that among the Member States , Portugal, Ireland and Luxembourg recorded the highest rate of employment growth ( qoq ) . At the same time , Estonia, Lithuania , Cyprus , Finland, Greece registered the largest decrease in the number of employees.

Recall that the unemployment rate in the 17 countries of the eurozone in October fell to 12.1 % from 12.2 % in September , while the experts did not predict change indicator. Within two months ( August and September) keeps unemployment at a record level of 12.2 % , and the decline is a sign the labor market recovery after the release of the most prolonged recession in the history of the eurozone.

Pound fell substantially against the U.S. currency , as many market participants were waiting for the intervention of the Bank of England's Dale .

Also the focus of the market are U.S. data on producer prices , which will be presented later. After their publication in the focus of the market will be a meeting of FOMC. Recall that the Fed will hold its last meeting in 2013 on Tuesday and Wednesday next week. Data released earlier this week, was better than expected, prompting some analysts to raise GDP growth forecast in the fourth quarter by as much as half a percentage point to 2.2 percent on an annualized basis .

Also had little impact statements Andrew Haldane , executive director of the Bank of England's financial stability. He said that " the UK housing market recovery has spread to all regions of the country , but is still in the early stages ." "Now is not the time to slow down the housing market or any other market , as we are in the very early stages of recovery. But we have said that now is the time , do not push on the brake pedal , and at least loosen the gas pedal . "

Last month, the Bank of England said it would cut its support to mortgage lending in the UK in response to growing concerns about a sharp rise in activity in the housing sector , which , ultimately , can create trouble for banks and borrowers.

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EUR / USD: during the European session, the pair fell to $ 1.3706 , but later recovered slightly

GBP / USD: during the European session, the pair fell to $ 1.6260

USD / JPY: during the European session, the pair rose to Y103.93, then fell to Y103.35


At 13:30 GMT the U.S. producer price index will be released and the producer price index excluding prices for food and energy in November.

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