• Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the release of the PMI data from the Eurozone

Noticias del mercado

23 septiembre 2015

Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the release of the PMI data from the Eurozone

Economic calendar (GMT0):

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

00:00 Australia Conference Board Australia Leading Index July -0.3% Revised From -0.2% 0.3%

00:00 Japan Bank holiday

01:30 Australia RBA Financial Stability Review

01:45 China Markit/Caixin Manufacturing PMI (Preliminary) September 47.3 47.5 47.0

06:45 France GDP, Y/Y (Finally) Quarter II 0.8% 1.0% 1.1%

06:45 France GDP, q/q (Finally) Quarter II 0.7% Revised From 0.6% 0.0% 0.0%

07:00 France Services PMI (Preliminary) September 50.6 51 51.2

07:00 France Manufacturing PMI (Preliminary) September 48.3 48.5 50.4

07:30 Germany Services PMI (Preliminary) September 54.9 54.6 54.3

07:30 Germany Manufacturing PMI (Preliminary) September 53.3 52.8 52.5

08:00 Eurozone Services PMI (Preliminary) September 54.4 54.2 54

08:00 Eurozone Manufacturing PMI (Preliminary) September 52.3 52 52

11:00 U.S. MBA Mortgage Applications September -7% 13.9%

The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. preliminary manufacturing PMI data. The U.S. preliminary manufacturing PMI is expected to remain unchanged at 53.0 in September.

The FOMC member Dennis Lockhart will speak at 16:30 GMT.

The euro traded higher against the U.S. dollar after the release of the PMI data from the Eurozone. Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Wednesday. Eurozone's preliminary manufacturing PMI fell to 52.0 in September from 52.3 in August, in line with expectations.

Eurozone's preliminary services PMI declined to 54.0 in September from 54.4 in August. Analysts had expected the index to decrease to 54.2.

Markit's Chief Economist Chris Williamson said that Eurozone's economy expanded further, "but there remains a worrying failure of growth to accelerate to a pace sufficient to generate either higher inflation or strong job creation".

"The survey data indicate that the Eurozone economy expanded 0.4% in the third quarter, in line with the second quarter. This is, however, below what's generally regarded as its long-term potential growth rate and puts the economy on course to grow by just 1.6% this year," he added.

Germany's preliminary manufacturing PMI declined to 52.5 in September from 53.3 in August, missing forecasts of a decrease to 52.8.

Germany's preliminary services PMI was down to 54.3 in September from 54.9 in August. Analysts had expected index to decline to 54.6.

Markit's economist Oliver Kolodseike noted that the German economy was partly driven by higher output.

France's preliminary manufacturing PMI rose to 50.4 in September from 48.3 in August, beating forecasts of a rise to 48.5.

France's preliminary services PMI increased to 51.2 in September from 50.6 in August. Analysts had expected the index to climb to 51.0.

The French statistical office Insee released its final gross domestic product data for France on Wednesday. The French final GDP was stable in the second quarter, in line with the preliminary estimate, after a 0.7% increase in the first quarter. The first quarter's figure was revised up from a 0.6% growth.

On a yearly basis, French final GDP climbed 1.1% in the second quarter, up from the preliminary estimate of 1.0% growth, after a 0.8% rise in the first quarter.

The European Central Bank President Mario Draghi will speak at 13:00 GMT.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The MPC member Ben Broadbrent will speak at 16:00 GMT.

The Canadian dollar traded higher against the U.S. dollar ahead the release of the Canadian retail sales data. Canadian retail sales are expected to increase 0.5% in July, after a 0.6% rise in June.

EUR/USD: the currency pair increased to $1.1175

GBP/USD: the currency pair fell to $1.5288

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30 Canada Retail Sales, m/m July 0.6% 0.5%

12:30 Canada Retail Sales YoY July 1.4%

12:30 Canada Retail Sales ex Autos, m/m July 0.8% 0.4%

13:00 Eurozone ECB President Mario Draghi Speaks

13:45 U.S. Manufacturing PMI (Preliminary) September 53 53

16:00 United Kingdom MPC Member Dr Ben Broadbent Speaks

16:30 U.S. FOMC Member Dennis Lockhart Speaks

22:45 New Zealand Trade Balance, mln August -649 -850

Enfoque del mercado
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