(pare/closed(GMT +2)/change, %)

EUR/USD $1,2374 -0,90%

GBP/USD $1,5830 -0,91%

USD/CHF Chf0,9731 +0,95%

USD/JPY Y115,20 +0,49%

EUR/JPY Y142,55 -0,41%

GBP/JPY Y182,36 -0,41%

AUD/USD $0,8557 -0,41%

NZD/USD $0,7689 -0,49%

USD/CAD C$1,1421 +0,32%

(time / country / index / period / previous value / forecast)

00:05 U.S. FOMC Member Mester Speaks

00:30 Australia RBA Monetary Policy Statement

06:45 Switzerland Unemployment Rate October 3.2% 3.2%

07:00 Germany Current Account September 10.3

07:00 Germany Industrial Production s.a. (MoM) September -4.0% +2.1%

07:00 Germany Industrial Production (YoY) September -2.8%

07:00 Germany Trade Balance September 17.5 18.3

07:45 France Trade Balance, bln September -5.8 -5.2

07:45 France Industrial Production, m/m September 0.0% -0.1%

07:45 France Industrial Production, y/y September -0.3%

08:00 Switzerland Foreign Currency Reserves October 462.2

08:15 Switzerland Retail Sales Y/Y September +1.9% +2.2%

09:30 United Kingdom Trade in goods September -9.1 -9.4

10:00 Eurozone ECOFIN Meetings

13:30 Canada Employment October 74.1 0.4

13:30 Canada Unemployment rate October 6.8% 6.8%

13:30 U.S. Average hourly earnings October 0.0% +0.2%

13:30 U.S. Nonfarm Payrolls October 248 229

13:30 U.S. Unemployment Rate October 5.9% 5.9%

19:00 U.S. Consumer Credit September 13.5 16.6

The U.S. dollar traded higher against the most major currencies after the mostly better-than-expected U.S. economic data. The number of initial jobless claims in the week ending November 01 in the U.S. fell by 10,000 to 278,000. The previous week's figure was revised to 288,000 from 287.000. Analysts had expected a decline to 285.000.

Productivity in the U.S. non-farm businesses grew at a 2.0% annual rate in the third quarter, exceeding expectations for a 0.9% increase, after a 2.9% gain in the second quarter. The second quarter's figure was revised up from a 2.3% rise.

Unit labor costs increased 0.3% in the third quarter, missing expectations for a 1.0% rise, after a 0.5 decline in the second quarter. The second quarter's figure was revised down from a 0.1% fall.

The euro dropped against the U.S. dollar after the European Central Bank's (ECB) press conference. The ECB President Mario Draghi said at a press conference today that the central will add further unconventional measures stimulus measures, if needed. He reiterated that the ECB is willing to expand its balance sheet towards the levels of early 2012.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

Germany's adjusted factory orders rose 0.2% in September, missing expectations for a 2.2% increase, after a 4.2% drop in August. August's figure was revised up from a 5.7% fall.

The British pound fell against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.

The National Institute of Economic and Social Research (NIESR) released its estimated gross domestic product (GDP) today. The estimated UK GDP grew by 0.7% in the three months to October, after a 0.7% growth in the third quarter.

The U.K. industrial production increased 0.6% in September, exceeding expectations for a 0.5% rise.

Manufacturing production in the U.K. climbed 0.4% in September, beating expectations for 0.3% gain.

The Canadian dollar traded lower against the U.S. dollar after the mixed Canadian economic data. Canada's Ivey purchasing managers' index declined to 51.2 in October from 58.6 in September, missing expectations for a rise to 59.2.

Building permits in Canada jumped 12.7% in September, beating forecasts of a 5.2% gain, after a 27.3% drop in August.

The Swiss franc decreased against the U.S. dollar. The SECO consumer climate index for Switzerland dropped to -11 in the third quarter from -1 in the previous quarter, missing expectations for a decrease to -4.

The New Zealand dollar traded lower against the U.S. dollar in the absence of any major economic reports from New Zealand.

The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback after the mixed labour market data from Australia. The unemployment rate remained unchanged at 6.2% in October, missing expectations for a decline to 6.1%. September's figure was revised from 6.1%.

The number of employed people in Australia rose by 24,100 in October, beating expectations for an increase by 10,300, after a decline by 23,700 in September. September's figure was revised up from a decrease by 29,700.

The Japanese yen traded mixed against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback after the release of Bank of Japan's (BoJ) minutes of October board meeting. A few BoJ board members warned the core consumer price index temporarily may decline below 1.0%, depending on developments in energy prices.

The Bank of Japan (BoJ) released minutes of its October board meeting. The BoJ said that Japan's exports weakened.

The central bank pointed out that "private consumption remained resilient as a trend".

Industrial production has shown some weakness, so the BoJ.

The BoJ said that "financial conditions were accommodative".

Japan's central bank added that inflation expectations seems "to be rising on the whole".

A few BoJ board members warned the core consumer price index temporarily may decline below 1.0%, depending on developments in energy prices.

The Bank (BoJ) decided in October to increase its monetary base target to an annual increase of ¥80 trillion, up from ¥60-70 trillion, and to boost exchange-traded fund purchases to ¥3 trillion. This decision was not expected by analysts.

The U.S. Labor Department released non-farm productivity figures on Thursday. Productivity in the U.S. non-farm businesses grew at a 2.0% annual rate in the third quarter, exceeding expectations for a 0.9% increase, after a 2.9% gain in the second quarter. The second quarter's figure was revised up from a 2.3% rise.

Unit labor costs increased 0.3% in the third quarter, missing expectations for a 1.0% rise, after a 0.5 decline in the second quarter. The second quarter's figure was revised down from a 0.1% fall.

The European Central Bank (ECB) released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

The ECB President Mario Draghi said at a press conference today that the central will add further unconventional measures stimulus measures, if needed. He reiterated that the ECB is willing to expand its balance sheet towards the levels of early 2012.

Draghi noted that unemployment and geopolitical situation weighed on the Eurozone's economic recovery. He noted that growth momentum in the Eurozone slowed since the summer.

EUR/USD: $1.2400(E1.3bn), $1.2475(E698mn), $1.2500(E970mn), $1.2560(E780mn), $1.2600(E3.3bn)

USD/JPY: Y115.00($425mn)

GBP/USD: $1.5800(stg1.7bn), $1.6000(stg884mn)

EUR/GBP: stg0.7850(E675mn), stg0.7900(E575mn)

AUD/USD: $0.8550(A$417mn), $0.8630-40(A$600mn), $0.8700(A$439mn)...(Nov7 $0.8750 A$2bn)

NZD/USD: $0.7700(NZ$337mn), $0.7800(NZ$1.4bn), $0.7820(NZ$762mn)

AUD/NZD: NZ$1.1250(A$300mn)

USD/CAD: C$1.1350($1.0bn)

Economic calendar (GMT0):

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

00:30 Australia Changing the number of employed October -23.7 Revised From -29.7 +10.3 +24.1

00:30 Australia Unemployment rate October 6.2% Revised From 6.1% 6.1% 6.2%

05:00 Japan Leading Economic Index September 104.4 105.5 105.6

05:00 Japan Coincident Index September 108.3 109.7

06:45 Switzerland SECO Consumer Climate Quarter IV -1 -4 -11

07:00 Germany Factory Orders s.a. (MoM) September -4.2% Revised From -5.7% +2.2% +0.8%

07:00 Germany Factory Orders n.s.a. (YoY) September -1.3% -1.0%

08:00 United Kingdom Halifax house price index October +0.6% +0.5% -0.4%

08:00 United Kingdom Halifax house price index 3m Y/Y October +9.6% +8.8%

09:00 Eurozone Eurogroup Meetings

09:30 United Kingdom Industrial Production (MoM) September 0.0% +0.5% +0.6%

09:30 United Kingdom Industrial Production (YoY) September +2.5% +1.5% +1.5%

09:30 United Kingdom Manufacturing Production (MoM) September +0.1% +0.3% +0.4%

09:30 United Kingdom Manufacturing Production (YoY) September +3.9% +2.7% +2.9%

10:00 Eurozone European Commission Economic Growth Forecasts

12:00 United Kingdom Asset Purchase Facility 375 375 375

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:00 United Kingdom MPC Rate Statement

12:45 Eurozone ECB Interest Rate Decision 0.05% 0.05% 0.05%

The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. economic data. The number of initial jobless claims in the U.S. is expected to decline by 2,000 to 285,000.

The euro traded mixed against the U.S. dollar ahead the European Central Bank's (ECB) press conference. Investors are awaiting the ECB' President Mario Draghi's speech for signs for the further stimulus measures by the ECB to boost the economy in the Eurozone.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

Germany's adjusted factory orders rose 0.2% in September, missing expectations for a 2.2% increase, after a 4.2% drop in August. August's figure was revised up from a 5.7% fall.

The British pound fell against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.

The U.K. industrial production increased 0.6% in September, exceeding expectations for a 0.5% rise.

Manufacturing production in the U.K. climbed 0.4% in September, beating expectations for 0.3% gain.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian Ivey purchasing managers' index. The index is expected to increase to 59.2 in October from 58.6 in September.

The Swiss franc traded mixed against the U.S. dollar. The SECO consumer climate index for Switzerland dropped to -11 in the third quarter from -1 in the previous quarter, missing expectations for a decrease to -4.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair fell to $1.5924

USD/JPY: the currency pair rose to Y114.68

The most important news that are expected (GMT0):

13:30 Eurozone ECB Press Conference

13:30 Canada Building Permits (MoM) September -27.3% +5.2%

13:30 U.S. Initial Jobless Claims October 287 285

13:30 U.S. Nonfarm Productivity, q/q (Preliminary) Quarter III +2.3% Revised From +2.5% +0.9%

13:30 U.S. Unit Labor Costs, q/q (Preliminary) Quarter III -0.1% Revised From +0.6% +1.0%

15:00 United Kingdom NIESR GDP Estimate October +0.7%

15:00 Canada Ivey Purchasing Managers Index October 58.6 59.2

EUR/USD

Offers $1.2600/10, $1.2550

Bids $1.2400

GBP/USD

Offers $1.6100/10, $1.6080/85

Bids $1.5900

AUD/USD

Offers $0.8750, $0.8700, $0.8640/50

Bids 0.8550, $0.8500, 0.8450

EUR/JPY

Offers Y146.00, Y145.50, Y144.50

Bids Y142.85/80, Y142.50, Y142.00

USD/JPY

Offers Y116.00, Y115.20, Y114.95/00, Y114.80

Bids Y114.00, Y113.80/70, Y113.50/40, Y113.10/00, Y112.85/80

EUR/GBP

Offers

Bids stg0.7755/45

The Bank of England (BoE) released its interest rate decision today. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.

Some analysts speculate that the BoE will hike its interest rate in the first quarter of 2015, while some analysts expect interest hike in the middle of the year or later.

Investors are awaiting the minutes of the monetary policy committee (MPC). The minutes of the meeting will be released on November 19.

Two MPC members voted in October for the third consecutive month to raise interest rates to 0.75% from 0.5%.

The British pound is trading steady against the USD after UK Manufacturing Production being slightly better than predicted after trading at a one-year low yesterday.

EUR/USD: $1.2400(E1.3bn), $1.2475(E698mn), $1.2500(E970mn), $1.2560(E780mn), $1.2600(E3.3bn)

USD/JPY: Y115.00($425mn)

GBP/USD: $1.5800(stg1.7bn), $1.6000(stg884mn)

EUR/GBP: stg0.7850(E675mn), stg0.7900(E575mn)

AUD/USD: $0.8550(A$417mn), $0.8630-40(A$600mn), $0.8700(A$439mn)...(Nov7 $0.8750 A$2bn)

NZD/USD: $0.7700(NZ$337mn), $0.7800(NZ$1.4bn), $0.7820(NZ$762mn)

AUD/NZD: NZ$1.1250(A$300mn)

USD/CAD: C$1.1350($1.0bn)

REUTERS

Dollar steadies near seven-year high vs yen; eyes on ECB

The dollar steadied after hitting a seven-year high against the yen on Thursday as traders sold into a steep rally ahead of a European Central Bank meeting later in the session and U.S. nonfarm payrolls data on Friday.

Source: http://www.reuters.com/article/2014/11/06/us-markets-forex-idUSKBN0IQ0B620141106

BLOOMBERG

BOJ Runs Into Critical Analysts After Kuroda Easing Shock

While Kuroda said he didn't intend to surprise anyone with the decision to bolster already-unprecedented easing, springing the news on the market added to the punch. The risk for Kuroda is that he may undermine the BOJ's credibility with some people in the market who count on central bank officials for clear and timely communication.

Source: http://www.bloomberg.com/news/2014-11-06/boj-runs-into-critical-analysts-after-kuroda-easing-shock.html

REUTERS

PRECIOUS-Gold ticks up as dollar eases, but still near 4-1/2 year low

Gold edged up slightly on Thursday as the dollar took a breather after a sharp rally, but the safe-haven metal continued to languish near its lowest level since April 2010 with fears mounting that $1,000 an ounce is the next target.

Source: http://www.reuters.com/article/2014/11/06/markets-precious-idUSL4N0SW1N620141106

The U.S. dollar just reached a new all-time high at RUR45.4065 continuing the strong rally after the Russian central bank said it would decrease its support for currency in international markets and confidence in Russia's economy is getting weaker.

Economic calendar (GMT0):

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

00:30 Australia Changing the number of employed October -23.7 [Revised From -29.7] +10.3 +24.1

00:30 Australia Unemployment rate October 6.2% [Revised From 6.1%] 6.1% 6.2%

05:00 Japan Leading Economic Index September 104.4 105.5 105.6

05:00 Japan Coincident Index September 108.3 no forecast 109.7

06:45 Switzerland SECO Consumer Climate Quarter IV -1 -4 -11

07:00 Germany Factory Orders s.a. (MoM) September -5.7% +2.2% +0.8%

07:00 Germany Factory Orders n.s.a. (YoY) September -1.3% no forecast -1.0%

The U.S. dollar traded weaker against the Japanese yen after his 5% rally since last Friday and also against the euro in the wake of today’s ECB monetary politic decisions today. The ECB is expected to leave interest rates at the current level.

The New Zealand dollar and the Australian dollar recovered from their lows against the U.S. dollar. Australian job gains beat estimates. The number of people employed rose by 24,100. A plus of more than 4,000 compared with the forecasts.

EUR/USD: the currency pair rose to USD1.2515

USD/JPY: the U.S. dollar lost against the Japanese yen and is currently trading at Y114.30

GPB/USD: the currency pair increased to USD1.5991

The most important news that are expected (GMT0):

08:00 United Kingdom Halifax house price index 3m Y/Y October +9.6%                

09:00 Eurozone Eurogroup Meetings                                                   

09:30 United Kingdom Industrial Production (MoM) September 0.0% +0.5%    

09:30 United Kingdom Industrial Production (YoY) September +2.5% +1.5%     

09:30 United Kingdom Manufacturing Production (MoM) September +0.1% +0.3%      

09:30 United Kingdom Manufacturing Production (YoY) September +3.9% +2.7%            

10:00 Eurozone European Commission Economic Growth Forecasts                                                    

12:00 United Kingdom Asset Purchase Facility 375 375

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%               

12:00 United Kingdom MPC Rate Statement                                                    

12:45 Eurozone ECB Interest Rate Decision 0.05% 0.05%             

13:30 Eurozone ECB Press Conference                                                

13:30 Canada Building Permits (MoM) September -27.3% +5.2%            

13:30 U.S. Initial Jobless Claims October 287 285             

13:30 U.S. Nonfarm Productivity, q/q (Preliminary) Quarter III +2.3% [Revised From +2.5%] +0.9%       

13:30 U.S. Unit Labor Costs, q/q(Preliminary) Quarter III -0.1% [Revised From +0.6%] +1.0%       

15:00 United Kingdom NIESR GDP Estimate October +0.7%                       

15:00 Canada Ivey Purchasing Managers Index October 58.6 59.2          

22:30 Australia AiG Performance of Construction Index October 59.1                     

EUR / USD

Resistance levels (open interest**, contracts)

$1.2708 (5320)

$1.2664 (3366)

$1.2589 (3199)

Price at time of writing this review: $ 1.2520

Support levels (open interest**, contracts):

$1.2459 (6103)

$1.2423 (6746)

$1.2364 (7901)

Comments:

- Overall open interest on the CALL options with the expiration date November, 7 is 67597 contracts, with the maximum number of contracts with strike pric $1,2900 (6963);

- Overall open interest on the PUT options with the expiration date November, 7 is 66117 contracts, with the maximum number of contracts with strike price $1,2400 (7901);

- The ratio of PUT/CALL was 0.98 versus 1.00 from the previous trading day according to data from November, 5

GBP/USD

Resistance levels (open interest**, contracts)

$1.6200 (2849)

$1.6101 (1471)

$1.6004 (594)

Price at time of writing this review: $1.5989

Support levels (open interest**, contracts):

$1.5897 (4452)

$1.5799 (1606)

$1.5700 (757)

Comments:

- Overall open interest on the CALL options with the expiration date November, 7 is 29550 contracts, with the maximum number of contracts with strike price $1,6200 (2849);

- Overall open interest on the PUT options with the expiration date November, 7 is 35230 contracts, with the maximum number of contracts with strike price $1,5900 (4452);

- The ratio of PUT/CALL was 1.19 versus 1.17 from the previous trading day according to data from November, 5

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.