USD/JPY Y100.50, Y100.75, Y101.00, Y101.50, Y101.75, Y101.80, Y102.00
EUR/JPY Y137.00, Y138.50
EUR/USD $1.3480, $1.3485, $1.3495, $1.3500, $1.3515, $1.3525, $1.3540/45, $1.3600
GBP/USD $1.6145, $1.6160, $1.6185, $1.6230, $1.6255, $1.6300
USD/CHF Chf0.9200
EUR/CHF Chf1.2300
AUD/USD $0.9100, $0.9150, $0.9225
NZD/USD $0.8250, $0.8300
USD/CAD C$1.0550, C$1.0575, C$1.0600
Data
(time / country / index / period / previous value / forecast / actual value)
2:30 Australia Gross handed buildings, m / m III m -0.3% +0.6% +2.7 %
9:00 Switzerland indicator of consumer activity from UBS October 1.56 1.28
11:00 Germany Consumer Confidence from GfK December 7.0 7.1 7.4
11:30 UK commercial investment volume change , m / m -2.7 % m III +2.3% +1.4%
11:30 UK GDP q / q (Restated ) III m +0.8% +0.8% +0.8%
11:30 UK GDP y / y ( revised data ) III m +1.5 % +1.5 % +1.5 %
13:00 UK Retail sales according to CBI February November 2 12 1
Rate of the euro strengthened against the dollar on the news that the German coalition reached an agreement that will form a grand coalition . This agreement will improve wages and increase spending without raising taxes. The agreement was reached this morning in Berlin after 17 hours of talks between the leader of the Christian Democratic Union Angela Merkel , leaders of the CSU , the Conservatives and the Social Democrats. This allows up to Merkel in 2017 to occupy the office of chancellor in Europe's largest economy .
SPD plans to hold a referendum among the roughly 470,000 members. If the problem does not arise with the SPD that Merkel will be elected to parliament and take the oath of 17 or December 18. Covenant Coalition suggests that Merkel will follow European politics, which was held during the debt crisis in Europe , including the rejection of joint and several liability for the debts of euro countries .
The euro was also supported amid rising short-term rates in the market . Interbank lending rates in the euro rose yesterday , as the levels of excess liquidity in the financial system fell to a minimum of more than 2 years.
In addition, growth data helped the euro , which were published today a group GfK. They showed that the December index of consumer sentiment has improved markedly , while reaching the highest level in the past six years . Note that this increase was due to the expectation that a substantial increase in costs offset weaker export performance and will help Europe's largest economy to fix moderate growth this year.
According to the report , the December consumer confidence index , based on a survey of about 2,000 people , rose to 7.4 points , compared to the upwardly revised figure for the previous month by around 7.1 points ( originally reported 7.0 points). Note that this was the highest since August 2007 . We also add that according to the average forecasts of experts , the index had only grow to 7.1 points.
Pound rose substantially against the U.S. dollar , which was associated with the release of a report by Britain's GDP . Note that the data published by the Office for National Statistics showed that the UK economy grew in the third quarter of this year , which was caused by the most rapid growth of household spending in more than three years, which is only partly offset by a sharp decline in exports . Note that this situation is likely to increase fears that the recovery may not be possible . The report showed that exports from the UK fell by 2.4% in the third quarter , registering with the highest rate of more than two years, coupled with the increasing volume of imports has taken away from the overall growth of about 0.9 percentage points.
The Office for National Statistics reported that the economy grew by 0.8 % in the third quarter , confirming an earlier estimate. The largest contribution to this rise came from consumers who have increased their spending by 0.8 % - the eighth consecutive increase and the fastest pace in more than three years.
Given that incomes continue to fall in real terms , as wages lag behind the rate of inflation after the financial crisis , the Bank of England officials have questioned how long the recovery based on consumer spending can be sustained .
Note that the economic growth in the third quarter continued to recover , which began in January , and placed in one of the UK 's fastest growing developed countries.
EUR / USD: during the European session, the pair rose to $ 1.3613 , but later decreased slightly
GBP / USD: during the European session, the pair rose to $ 1.6294
USD / JPY: during the European session, the pair rose to Y101.86
At 13:30 GMT the United States will announce the change in orders for durable goods in October and initial claims for unemployment insurance . At 14:45 GMT the U.S. will release Chicago PMI index for November, and 14:55 GMT - an indicator of consumer confidence from the University of Michigan in November. At 23:50 GMT , Japan will report on changes in the volume of retail trade in October.
EUR/USD
Offers $1.3750, $1.3690/700, $1.3660/65, $1.3650, $1.3620/30, $1.3613
Bids $1.3573, $1.3525/15, $1.3490/80, $1.3460/50
GBP/USD
Offers $1.6350, $1.6330, $1.6310, $1.6300
Bids $1.6250/45, $1.6235, $1.6198, $1.6168, $1.6138
AUD/USD
Offers $0.9220, $0.9200, $0.9180/90, $0.9145/50, $0.9137
Bids $0.9100, $0.9080, $0.9050, $0.9000
EUR/GBP
Offers stg0.8440, stg0.8430, stg0.8415/20, stg0.8395/400, stg0.83865
Bids stg0.8345/40, stg0.8333, stg0.8300, stg0.8285
EUR/JPY
Offers Y140.00, Y139.50, Y139.00, Y138.80, Y138.53
Bids Y137.80/70, Y137.50, Y137.20, Y137.00, Y136.50
USD/JPY
Offers Y102.50, Y102.25, Y102.00, Y101.92/94 25
Bids Y101.40, Y101.00, Y100.80, Y100.74, Y100.50
USD/JPY Y100.50, Y100.75, Y101.00, Y101.50, Y101.75, Y101.80, Y102.00
EUR/JPY Y137.00, Y138.50
EUR/USD $1.3480, $1.3485, $1.3495, $1.3500, $1.3515, $1.3525, $1.3540/45, $1.3600
GBP/USD $1.6145, $1.6160, $1.6185, $1.6230, $1.6255, $1.6300
USD/CHF Chf0.9200
EUR/CHF Chf1.2300
AUD/USD $0.9100, $0.9150, $0.9225
NZD/USD $0.8250, $0.8300
USD/CAD C$1.0550, C$1.0575, C$1.0600
00:30 Australia Construction Work Done Quarter III -0.3% +0.6% +2.7%
The euro rose to the highest level this month as Asian stocks erased losses and lawmakers in Germany, the 17-nation region’s biggest economy, reached a coalition accord on wages and spending increases. German Chancellor Angela Merkel’s Christian Union party clinched a coalition agreement with the Social Democrats in Berlin today, CDU parliamentary group whip Michael Grosse-Broemer said in a Twitter message. The agreement was later also confirmed by CDU spokesman Axel Baeumer.
The euro strengthened versus most of its 16 major counterparts amid speculation a report this week will show a pick up in inflation, reducing the need for the European Central Bank to expand monetary easing. The consumer price index for the euro region probably rose 0.8 percent this month after a 0.7 percent gain in October, the smallest in almost four years, economists said before a Nov. 29 report. Data published on the same day may also show the bloc’s jobless rate remained at a record 12.2 percent last month.
The Bloomberg U.S. Dollar Index held a loss from yesterday before figures that may show jobless claims increased and durable goods orders fell, while U.S. consumer sentiment improved, signaling a mixed recovery that may keep the Federal Reserve from reducing stimulus this year. The Labor Department will probably say today jobless claims climbed to 330,000 in the week through Nov. 23, and the Commerce Department may announce that bookings for goods meant to last at least three years fell 2 percent in October, according to Bloomberg News surveys.
EUR / USD: during the Asian session, the pair rose to $ 1.3600
GBP / USD: during the Asian session, the pair rose to $ 1.6230
USD / JPY: during the Asian session, the pair rose to Y101.65
There is a string of UK data set for release at 0830GMT, with the release of the revised Q3 GDP data and the September Index of Services. Preliminary data showed the UK's economic recovery strengthened during the quarter, rising to 0.8% on the quarter from the 0.7% growth rate in Q2 and the 0.4% expansion seen in Q1. At 1100GMT, the CBI's Quarterly Distributive Trades numbers for Q3 are expected.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3571 +0,41%
GBP/USD $1,6213 +0,36%
USD/CHF Chf0,9064 -0,57%
USD/JPY Y101,27 -0,39%
EUR/JPY Y137,44 +0,03%
GBP/JPY Y164,20 -0,01%
AUD/USD $0,9125 -0,37%
NZD/USD $0,8193 -0,18%
USD/CAD C$1,0540 -0,01%
00:30 Australia Construction Work Done Quarter III -0.3% +0.6%
07:00 Switzerland UBS Consumption Indicator October 1.56
09:00 Germany Gfk Consumer Confidence Survey December 7.0 7.1
09:30 United Kingdom Business Investment, q/q Quarter III -2.7% +2.3%
09:30 United Kingdom GDP, q/q (Revised) Quarter III +0.8% +0.8%
09:30 United Kingdom GDP, y/y (Revised) Quarter III +1.5% +1.5%
11:00 United Kingdom CBI retail sales volume balance November 2 12
13:30 U.S. Chicago Federal National Activity Index October 0.14 0.1
13:30 U.S. Durable Goods Orders October +3.7% -1.5%
13:30 U.S. Durable Goods Orders ex Transportation October -0.1% +0.5%
13:30 U.S. Durable goods orders ex defense October +3.2%
13:30 U.S. Initial Jobless Claims November 323 331
14:45 U.S. Chicago Purchasing Managers' Index November 65.9 60.6
14:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) November 72.0 73.1
15:00 U.S. Leading Indicators October +0.7% +0.1%
15:30 U.S. Crude Oil Inventories November +0.4
23:50 Japan Retail sales, y/y October +3.1% +2.2%