Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Unemployment rate September 6.0% Revised From 6.1% 6.2% 6.1%
00:30 Australia Changing the number of employed September +32.1 Revised From +121.0 -29.6 -29.7
06:00 Germany Current Account August 20.1 Revised From 21.7 10.3
06:00 Germany Trade Balance August 22.2 18.4 17.5
06:00 Japan Prelim Machine Tool Orders, y/y September +35.5% +34.8%
06:45 France Trade Balance, bln August -5.5 -5.7 -5.8
08:00 Eurozone ECB Monthly Report
The U.S. dollar traded lower against the most major currencies as Fed's minutes weighed on the greenback. The Fed released its minutes from the latest meeting. A tone of the Fed's minutes was dovish.
Some FOMC member expressed concern about the global slowdown and about the impact of a stronger U.S. dollar.
Most FOMC members said that interest rate hike will depend on depend on data and not a calendar date.
The New Zealand dollar increased against the U.S. dollar in the absence of any major economic reports from New Zealand.
The Australian dollar rose against the U.S. dollar despite weak labour market data from Australia. The unemployment rate rose to 6.1% in September from 6.0% in August, beating expectations for an increase to 6.2%. August's figure was revised from 6.1%.
The number of employed people in Australia declined by 29,700 in September, missing expectations for a decrease by 29,600, after a rise by 32,100 in August. August's figure was revised down from an increase by 121,000.
The Japanese yen climbed against the U.S. dollar. Japan's core machinery orders increased 4.7% in September, exceeding expectations for a 1.1% gain, after a 3.5% rise in August.
On a yearly basis, Japan's core machinery orders fell 3.3% in September, beating expectations for a 5.1% decrease, after a 1.1% gain in August.
Japan's preliminary machine tool orders decreased to 34.8% in September from 35.5% in August.
The Bank of Japan (BoJ) Governor Haruhiko Kuroda said in New York on Wednesday that Japan's economy will benefit if the BoJ pushes up inflation to its target of 2%. He also said that many tools for additional easing.
EUR/USD: the currency pair rose to $1.2759
GBP/USD: the currency pair increased to $1.6196
USD/JPY: the currency pair climbed to Y107.79
AUD/USD: the currency pair increased to $0.8884
The most important news that are expected (GMT0):
11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%
11:00 United Kingdom Asset Purchase Facility 375 375
11:00 United Kingdom MPC Rate Statement
12:30 Canada New Housing Price Index August 0.0% +0.2%
12:30 U.S. Initial Jobless Claims September 287 291
15:00 Eurozone ECB President Mario Draghi Speaks
23:50 Japan Monetary Policy Meeting Minutes
23:50 Japan Tertiary Industry Index August 0.0% +0.2%