• European session: the euro lost some ground against the dollar

Notícias do Mercado

1 outubro 2013

European session: the euro lost some ground against the dollar

Data

00:00 China Bank holiday

01:00 China Manufacturing PMI September 51.0 51.6 51.1

01:30 Australia Retail sales (MoM) August +0.1% +0.3% +0.4%

01:30 Australia Retail Sales Y/Y August +2.0% Revised From +1.9% +2.3%

01:30 Japan Labor Cash Earnings, YoY August +0.1% Revised From +0.4% -0.2% -0.6%

04:30 Australia Announcement of the RBA decision on the discount rate 2.50% 2.50% 2.50%

04:30 Australia RBA Rate Statement

06:30 Australia RBA Commodity prices, y/y September -7.3% -3.1%

07:30 Switzerland Manufacturing PMI September 54.6 54.9 55.3

07:48 France Manufacturing PMI (Finally) September 49.5 49.5 49.8

07:53 Germany Manufacturing PMI (Finally) September 51.3 51.3 51.1

07:55 Germany Unemployment Change September 7 -5 25

07:55 Germany Unemployment Rate s.a. September 6.8% 6.8% 6.9%

07:58 Eurozone Manufacturing PMI (Finally) September 51.1 51.1 51.1

08:10 United Kingdom MPC Member Tucker Speaks

08:30 United Kingdom Purchasing Manager Index Manufacturing September 57.2 57.5 56.7

09:00 Eurozone Unemployment Rate August 12.1% 12.1% 12.0%

09:00 Japan Prime Minister Shinzo Abe Speaks


Euro traded higher against the dollar, although some of the previously lost positions gained . Note that the initial driver for the growth of European currency was the fact that the U.S. Senate refused to accept the budget law , as amended Republicans. Document against 54 senators voted for - 46. Earlier, the lower house for the third time this week returned the bill to the Senate. Further amendments provide for a delay prescriptions millions of Americans to purchase health insurance, and the abolition of subsidies for insurance for congressmen and members administratsii.V therefore administration of U.S. President has ordered a freeze of several government agencies. The decision to freeze the work of federal agencies directly affect about 800,000 state employees , who went on unpaid leave . Among other things , suspended the work of NASA, except the flight control center .

Add that little pressure on the euro was data for Germany , which showed that by the end of last month, the number of people who registered as unemployed has increased significantly , contrary to the expectations of experts on a slight decline .

According to the report, the seasonally adjusted number of unemployed rose in September by 25,000 people, compared with the upwardly revised figure for the previous month at 9,000 . Note that according to the average forecasts of experts the value of this indicator was down by 5 thousand Given this unexpected increase in the adjusted unemployment rate in Germany rose to 6.9 % , down from 6.8 % in August. It was expected that the unemployment rate will remain unchanged.

Also negatively impacted by currency report on the euro area, which showed that up to September Eurozone manufacturing sector continued to expand, albeit at a slower pace than was seen in the previous month. According to the report, the purchasing managers' index for the sphere of production fell in September to a level of 51.1 , compared with 51.4 in August ( 26 -month maximum). Note that the final result was in line with the preliminary estimate , released last month, and also confirmed the predictions of experts. We add that , in spite of the recession , the manufacturing sector remains above the 50 level for the third month in succession.

The British pound strengthened against the dollar, responding thus to end the work of the U.S. government . Note that the dynamics of trading almost did not affect data on the manufacturing sector.

The report showed that the seasonally adjusted purchasing managers' index for the manufacturing sector fell last month to a level of 56.7 , compared with a revised downwards index for August at 57.1 (initially reported 57.2 ) . Recall that the result for August was the best two and a half years. Economists had expected up to September this indicator will rise to the level of 57.5 . We add that the index is still above the 50 mark that separates growth from contraction for the sixth month in a row .

Meanwhile, data showed that the volume of new orders in the manufacturing sector continued to grow strongly , with significant contribution from the domestic market. With this in mind, the company significantly increased its staff by showing with the fastest pace since May 2011 , in order to cope with the increased workload .

EUR / USD: during the European session, the pair rose to $ 1.3588 , and then fell to $ 1.3535

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

USD / JPY: during the European session, the pair fell to Y97.65


At 14:00 GMT the U.S. will release the ISM manufacturing index for September. At 23:50 GMT Japan will report on changes in the monetary base in September.


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