After reporting three consecutive monthly increases, the Commerce Department released a report on Thursday showing a drop in new orders for U.S. manufactured goods in the month of July.

The Commerce Department said factory orders fell by 2.4 percent in July following a revised 1.6 percent increase in June.

Economists had expected orders to decrease by about 3.4 percent compared to the 1.5 percent increase originally reported for the previous month.

The drop in factory orders in July largely reflected a 19.4 percent decrease in orders for transportation equipment, which came on the heels of an 11.7 percent increase in June.

Excluding the drop in orders for transportation equipment, factory orders actually rose by 1.2 percent in July compared to a 0.3 percent drop in the previous month.

The report said orders for manufactured durable goods tumbled by 7.4 percent in July, while orders for manufactured non-durable goods jumped by 2.4 percent.

The Commerce Department also said shipments of manufactured goods rose by 1.1 percent in July following a 0.3 percent decrease in June.

Inventories of manufactured goods edged up by 0.2 percent in July after dipping by 0.2 percent in the previous month.

With shipments rising at a faster rate than inventories, the inventories-to-shipments ratio fell to 1.29 in July from 1.30 in June.

EUR/USD $1.3060/65, $1.3100, $1.3110, $1.3150, $1.3175, $1.3200, $1.3250

USD/JPY Y98.85, Y98.90, Y99.00, Y99.40, Y99.50, Y99.65, Y100.00

EUR/JPY Y130.20, Y131.00

GBP/USD $1.5500, $1.5700

EUR/GBP stg0.8475

EUR/CHF Chf1.2320, Chf1.2360, Chf1.2425

AUD/USD $0.9100

NZD/USD $0.7750, $0.7770

USD/CAD C$1.1.0545, C$1.0570, C$1.0600

Data

00:00 G20 G20 Meetings

00:00 U.S. FOMC Member Narayana Kocherlakota

01:30 Australia Trade Balance July 0.60 0.11 -0.77

03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

03:00 Japan Bank of Japan Monetary Base Target 270 270 270

03:00 Japan BoJ Monetary Policy Statement

07:30 Japan BOJ Press Conference

10:00 Germany Factory Orders s.a. (MoM) July +5.0% -0.7%  -2.7%

10:00 Germany Factory Orders n.s.a. (YoY) July +4.3% +2.7% +5.0%

11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%  0.50%

11:00 United Kingdom Asset Purchase Facility 375 375   375

11:00 United Kingdom MPC Rate Statement

11:45 Eurozone ECB Interest Rate Decision 0.50% 0.50% 0.50%

The euro rose against the dollar, thus restoring all the previously lost positions ahead of the ECB press conference and U.S. data .

In anticipation of the ECB meeting , experts note that most likely will repeat today Draghi pigeon abstracts of their policies transparent communication . Eurozone is still a long way out of the crisis and overcome the weakness of the economy, and in these circumstances, the ECB will try to put pressure on the recent rise in market rates . But if the spirit of pigeon ECB is not enough to lower the pair EUR / USD below $ 1.3139 (low of September) , it may make economic performance of the United States.

It is expected that, in general , the statistics on the U.S. would be positive. The continued economic growth favors the fast decline in stimulation of the Federal Reserve System . An estimated 65 % of the experts , the American Central Bank may decide to reduce the amount of monthly redemption of bonds at a meeting on September 17-18 . Impact on the dollar could have a publication of the report of the Employment Research Institute, ADP. According to the median forecast of economists , the number of new jobs created in the U.S. economy in the last month is likely to grow by 182 million value remains high as the July report , when the growth rate was fixed at 200 thousand

Meanwhile, we add that the course of trade partly influenced by the placement of bonds of Spain and France. Today, Spain's Treasury held an auction , the results of which failed through the sale of 10 - and 5- year bonds attract E4 billion , reaching the upper limit of the target range E3 -4 billion in the auction were sold at E2.412 billion of securities maturing in October 2023 ( average yield 4.526 % against 4.723 % at the previous auction ) . It was also sold bonds due in October 2018 to E1.596 billion ( average yield 3.504 % vs. prev. 3.561 %).

Recently it became known that the yield on Spanish debt fell for the most recent auction, while the yield on 10 -year securities of France noted a record high for Hollande stay in power.

The pound rose sharply against the dollar, against the decision of the Bank of England. Note that in the course of today's meeting of the Bank of England did not bring any surprises markets , leaving the key lending rate at a record low 0.5 %, where it has been since March 2009 . Acquisitions of assets of the Central Bank has kept the £ 375 billion Bank of England intends to maintain the rate at a low level, at least as long as the rate of unemployment in the country will not fall under the 7% mark , as it happens, is not expected before 2016. We add that the report of this meeting will be published on Wednesday, September 18.

The yen fell against the dollar, after not even looking at the fact that the Bank of Japan left its monetary policy unchanged and raised its forecast for growth. It should be noted that today, the Bank of Japan said that the country's economy is recovering. This strengthens the position of those who favor the increase of the sales tax next year. In addition , it was said that Japan's economy "moderately reduced " . This is the most optimistic statement from March 2008 , when the economy was rated as " expanding moderately " . In August assessment of the economy was a " moderate recovery " - the Bank of Japan announced almost a full recovery .

The government plans to raise the consumption tax from 5% to 8% in April next year, a decision about the strategy to be announced in early October.

The Bank of Japan unanimously decided to keep the key policy of increasing the money supply by 60-70 trillion . yen in the year through the purchase of government bonds in Japan. The bank plans to achieve the target level of 2% inflation over the current leniency policy. The government may take further measures to stimulate the economy in April in order to minimize the effect of increasing the sales tax on the growth of the economy.

EUR / USD: during the European session, the pair rose from $ 1.3161 to $ 1.3218

GBP / USD: during the European session, the pair rose to $ 1.5662

USD / JPY: during the European session, the pair reached the level of Y100.12

At 12:15 GMT the United States will announce the change in the number of employees from ADP in August. At 12:30 GMT will be the monthly press conference of the ECB . Also at this time, the U.S. announced a change in the level of labor productivity in the non-manufacturing sector for the 2nd quarter . At 14:00 GMT the U.S. will report on changes in the volume of industrial orders in July , and will also release a composite index of ISM non-manufacturing activity in August. In Russia will meet G20.

EUR/USD

Offers $1.3290/300, $1.3250/60, $1.3235/40, $1.3220/25, $1.3218

Bids $1.3160/55, $1.3150, $1.3130/15, $1.3100, $1.3090

GBP/USD

Offers $1.5720/25, $1.5680/85, $1.5650, $1.5625/35

Bids $1.5585/80, $1.5570, $1.5555/50, $1.5525/20, $1.5510/00

AUD/USD

Offers $0.9300, $0.9250, $0.9220, $0.9200, $0.9185/90

Bids $0.9120, $0.9100, $0.9080, $0.9050

EUR/GBP

Offers stg0.8550/55, stg0.8520, stg0.8465, stg0.8465

Bids stg0.8425/20, stg0.8400, stg0.8380, stg0.8350

EUR/JPY

Offers Y132.50, Y132.20, Y131.95/00

Bids Y131.45/40, Y131.00, Y130.85/80, Y130.50, Y130.47/45

USD/JPY

Offers Y101.00, Y100.80, Y100.50, Y100.30, Y100.15/20

Bids Y99.36/33, Y99.20/15, Y99.00, Y98.76/74/73

EUR/USD $1.3060/65, $1.3100, $1.3110, $1.3150, $1.3175, $1.3200, $1.3250

USD/JPY Y98.85, Y98.90, Y99.00, Y99.40, Y99.50, Y99.65, Y100.00

EUR/JPY Y130.20, Y131.00

GBP/USD $1.5500, $1.5700

EUR/GBP stg0.8475

EUR/CHF Chf1.2320, Chf1.2360, Chf1.2425

AUD/USD $0.9100

NZD/USD $0.7750, $0.7770

USD/CAD C$1.1.0545, C$1.0570, C$1.0600

00:00 G20 G20 Meetings

00:00 U.S. FOMC Member Narayana Kocherlakota

01:30 Australia Trade Balance July 0.60 0.11 -0.77

03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

03:00 Japan Bank of Japan Monetary Base Target 270 270 270

03:00 Japan BoJ Monetary Policy Statement

The Dollar Index rose before private U.S. reports projected to show employment increased and the service industry expanded, adding to the case for the Fed to reduce debt purchases at a policy meeting on Sept. 17-18. The ADP Research Institute will probably say today U.S. companies added 182,000 jobs last month, according to the median economist estimate compiled by Bloomberg. That would follow a 200,000 increase in July, the most since December.

The Labor Department may say tomorrow U.S. payrolls rose by 180,000 in August while the jobless rate held at 7.4 percent, the lowest since December 2008, a separate poll showed.

The Institute for Supply Management’s gauge of non-manufacturing industries was probably at 55 in August from 56 the previous month, another survey showed before the figures today. Readings above 50 signify expansion.

The yen strengthened against 13 of its 16 major counterparts after the Bank of Japan raised its assessment of the nation’s economy as it left its easing program unchanged.

The Bank of England and the European Central Bank will also announce interest-rate decisions today. U.K. central bank Governor Mark Carney introduced forward guidance on the path of interest rates last month, saying the Monetary Policy Committee won’t consider raising its key rate until unemployment falls to 7 percent, while MPC member Martin Weale voted against it.

EUR / USD: during the Asian session the pair fell below $ 1.3170

GBP / USD: during the Asian session, the pair fell to $ 1.5600

USD / JPY: during the Asian session the pair rose to Y99.95

The data calendar is set to kick off at 0530GMT, with the release of the French second quarter ILO unemployment data. Analysts are looking for a number of 10.6%, up from 10.4% in Q1. At 0700GMT, Eurogroup President Jeroen Dijsselbloem will speak at the European Parliament's Committee on Economic and Monetary Affairs, in Belgium. At 1000GMT, the German July manufacturing orders data will be released. The latest ECB policy decision is expected at 1145GMT, to be followed by President Mario Draghi's press conference at 1230GMT. As well as the policy decision, we will get the release of key "Staff Forecasts" - the figures on growth and inflation from the Banks' economic experts. Given the recent slowdown in headline consumer prices, not to mention the recent exit from the Eurozone's longest recession, investors will be keen to hear what both President Mario Draghi has to say about the Bank's new forward guidance policy as well as the Bank's strategy for dealing with the market implications of the US Federal Reserve's anticipated tapering.

There is another full calendar on both sides of the Atlantic Thursday, with the policy decisions from both the ECB and the BOE set to dominate. There is only limited UK data, with the release of the August SMMT Car Registrations data at 0800GMT. The first central bank decision comes at 1100GMT, when the Bank of England releases the outcome of the September MPC meeting. The meet is the third under the stewardship of Mark Carney. However, analysts expect no change in either Bank Rate of the stg375 billion quantitative easing program, despite the solid upturn in recent economic data.

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3202 +0,27%

GBP/USD $1,5622 +0,42%

USD/CHF Chf0,9355 -0,13%

USD/JPY Y99,77 +0,22%

EUR/JPY Y131,70 +0,46%

GBP/JPY Y155,83 +0,62%

AUD/USD $0,9162 +1,16%

NZD/USD $0,7893 +1,20%

USD/CAD C$1,0495 -0,38%

00:00 G20 G20 Meetings

00:00 U.S. FOMC Member Narayana Kocherlakota

01:30 Australia Trade Balance July 0.60 0.11 -0.77

03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

03:00 Japan Bank of Japan Monetary Base Target 270 270 270

03:00 Japan BoJ Monetary Policy Statement

07:00 United Kingdom Halifax house price index August +0.9% +0.7%

07:00 United Kingdom Halifax house price index 3m Y/Y August +4.6% +5.6%

07:30 Japan BOJ Press Conference

10:00 Germany Factory Orders s.a. (MoM) July +3.8% -0.7%

10:00 Germany Factory Orders n.s.a. (YoY) July +4.3% +2.7%

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

11:45 Eurozone ECB Interest Rate Decision 0.50% 0.50%

12:15 U.S. ADP Employment Report August 200 181

12:30 Eurozone ECB Press Conference

12:30 U.S. Initial Jobless Claims August 331 330

12:30 U.S. Nonfarm Productivity, q/q (Finally) Quarter II +0.9% +1.8%

13:00 U.S. FOMC Member Narayana Kocherlakota

14:00 U.S. ISM Non-Manufacturing August 56.0 55.2

14:00 U.S. Factory Orders July +1.5% -3.2%

15:00 U.S. Crude Oil Inventories August +3.0

23:30 Australia AiG Performance of Construction Index August 44.1