Showed weak growth in the euro against the dollar, although it has lost some of the previously captured positions .

The U.S. dollar fell against most major currencies, although the magnitude of the decline was much less than yesterday . Factor was the weakening of the dollar demand for U.S. Treasurys , leading to a decline in yields in the dollar , and thus to reduce the relative attractiveness of the dollar.

The yield on 10 -year Treasury bonds reached a three-month low on Friday , as it is expected that the Fed will take the beginning of reduction program of "quantitative easing" at the beginning of 2014 or even mid- 2014

The economic calendar today , with the exception of data from China, did not provide the factors that could significantly affect the dollar . Change of China's GDP in the third quarter in line with expectations and confirmed the continued growth of the Chinese economy about the same rate that was in favor of increasing the appetite for risk , and thus sensitive to the level of risk currencies.

It is important for the dollar seems to yield data on employment in the U.S. in September, which is expected on Tuesday .

European stocks rose for a seventh day, their longest winning streak this year, as China’s economic growth accelerated for the first time in three quarters.

The Stoxx Europe 600 Index advanced 0.8 percent to 318.47, extending its highest level since June 2008. The gauge rallied 2.2 percent this week as U.S. lawmakers agreed to extend the government’s borrowing authority until early 2014 and end a partial government shutdown.

In China, gross domestic product increased 7.8 percent in the third quarter from a year earlier, the National Bureau of Statistics said. That matched the median estimate of economists in a Bloomberg survey. The world’s second-biggest economy posted GDP growth of 7.7 percent and 7.5 percent in the first two quarters, slipping from a 7.9 percent expansion in the final three months of 2012.

National benchmark indexes advanced in all of the 18 western European markets. The U.K.’s FTSE 100 rallied 0.7 percent, while France’s CAC 40 climbed 1.1 percent. Germany’s DAX added 0.6 percent.

Schindler advanced 4.3 percent to 127.30 Swiss francs, its biggest gain since November 2011. The elevator maker said it will buy back 4.1 million shares and 4.1 million participation certificates at 129 francs and 129.80 francs each, respectively. The repurchase price for equity marked a 5.7 percent premium to yesterday’s closing price.

Cap Gemini gained 5.5 percent to 48.06 euros after saying it plans to buy back convertible bonds due Jan. 1, 2014, through reverse bookbuilding. France’s biggest computer-services company also opened a separate bond issue to raise 350 million euros ($479 million) and pay for the buyback. Cap Gemini had said in July it will allocate 400 million euros to offset the potential share dilution created by the 2014 bonds.

Ziggo NV rose 2 percent to 31 euros after reiterating its full-year forecast for so-called organic-sales growth of about 1 percent. The Dutch cable-television provider, which this week rejected an offer from Liberty Global Plc, reported third-quarter revenue of 391 million euros, compared with analysts’ estimate of 393 million euros.

West Texas Intermediate crude advanced after economic growth accelerated in China, the world’s largest oil-importing country, and on speculation that economic stimulus will continue in the U.S.

Futures rose as much as 1 percent as China’s gross domestic product expanded 7.8 percent in the July-through-September period from a year earlier, halting a two-quarter slowdown. Federal Reserve Bank of Chicago President Charles Evans said yesterday that the U.S. shouldn’t curb stimulus after a 16-day government shutdown. The U.S. is the second-biggest oil importer, according to the Energy Information Administration.

WTI crude for November delivery increased 43 cents, or 0.4 percent, to $101.10 a barrel at 11:16 a.m. on the New York Mercantile Exchange. The contract fell 1.6 percent to $100.67 yesterday, the lowest close since July 2. Prices are down 0.9 percent this week. The volume of all futures traded was 12 percent below the 100-day average.

Brent for December settlement advanced 60 cents, or 0.6 percent, to $109.71 a barrel on the London-based ICE Futures Europe exchange. Volume was 29 percent lower than the 100-day average. The European benchmark crude traded at a $8.34 premium to WTI for the same month.

Gold is now cheaper due to profit taking , which was formed in the previous two days. The negative dynamics of quotations of gold on COMEX caused his speculative selling. Over the previous two days ( 17 and 16 October) ounce of gold on COMEX rose by more than $ 50 including the day before the official price of gold rose by 3.2% ( +40.7 dollars/ Oz ) , providing a premium to cover long positions.

Over the previous two days COMEX gold has risen in price due to increased demand for riskier assets after the successful resolution of the crisis of political power in the United States. Dollar for the previous two days fell significantly against the euro and other currencies. Cheap dollar has provided favorable conditions for purchases of gold and other commodity asset prices are set in U.S. currency. However, after the gold price reached before the one-week high , rising to 1,324.2 dollars per оunce, interest in its purchases weakened .

Meanwhile, investment demand for gold bullion is still weak. The assets of the world's largest holder of gold investment institutions exchange traded fund SPDR Gold Trust at the end of business day October 17, 2013 decreased by 3.3 tons and amounted to 882.23 tons , updating its lowest since February 2009

The cost of the December gold futures on COMEX today dropped to $ 1312.30 per ounce.

EUR/USD $1.3450, $1.3500, $1.3550, $1.3575, $1.3625, $1./3675, $1.3700, $1.3750

USD/JPY Y97.00, Y97.30, Y97.50, Y98.00, Y98.30, Y98.50, Y98.60, Y99.00

EUR/JPY Y134.00

GBP/USD $1.5900, $1.6225

USD/CHF Chf0.9100, Chf0.9150, Chf0.9200

EUR/CHF Chf1.2355

CHF/JPY Y108.00

AUD/USD $0.9500, $0.9575, $0.9600

NZD/USD $0.8400

USD/CAD C$1.0310, C$1.0365, C$1.0400

U.S. stock futures rose as results from Google Inc. and General Electric Co. topped estimates and data showed China’s economic growth accelerated.

Global Stocks:

Nikkei  14,561.54 -24.97 -0.17%

Hang Seng 23,340.1 +245.22 +1.06%

Shanghai Composite 2,193.78 +5.24 +0.24%

FTSE  6,607.28 +31.12 +0.47%

CAC  4,267.04 +27.40 +0.65%

DAX 8,830.46 +18.48 +0.21%

Crude oil $101.41 +0.74%

Gold $1318.80 -0.32%

Upgrades:

Downgrades:

IBM downgraded to Hold from Buy at Argus

Other:

Google (GOOG) target to $1053 from $1003 at B. Riley following earnings

Google (GOOG) target to $1200 from $1000 at Credit Suisse following earnings

Google (GOOG) target to $1220 from $970 at Deutsche Bank

Data

01:00 Australia RBA's Governor Glenn Stevens Speech

02:00 China Retail Sales y/y September +13.4% +13.6% +13.3%

02:00 China Industrial Production y/y September +10.4% +10.1% +10.2%

02:00 China Fixed Asset Investment September +20.3% +20.4% +20.2%

02:00 China GDP y/y Quarter III +7.5% +7.8% +7.8%

06:35 Japan BOJ Governor Haruhiko Kuroda Speaks

The euro exchange rate is trading with a noticeable increase against the U.S. dollar , although it has lost some of the previously captured positions .

Today bearish pressure on the dollar strengthened across the board , throwing the euro and other high-risk assets to new heights. Macroeconomic calendar and the U.S., and Europe is now empty, that leaves a couple of players at the mercy of sentiment and risk appetite (which is increasing, making it possible to update highs in 2013 ) .

We also add that , in spite of a slight correction couple keeps fighting spirit against the fading interest of players to the U.S. in the light of the downgrade of the U.S. Chinese agency after reaching an agreement on the budget.

It is worth noting that today's statements by the Fed will cause market participants to catch every hint of further potential Fed actions in anticipation of the large block of macro-economic statistics for the U.S. , which will take place next week. In general, the market expects that the statistics will be released not too positive , in connection with what remains a strong possibility of further extension of the program QE3, which has an adverse effect on the U.S. currency .

The Australian dollar rose significantly against its U.S. counterpart , which has helped to publish data on China .

Data from the National Bureau of Statistics showed that China's economic growth accelerated in the third quarter, which was recorded for the first time in three quarters . Note that this improvement was supported by the efforts of politicians to restructure the economy to achieve sustainable growth in the long term.

According to the report , in the last quarter of the gross domestic product grew by 7.8 percent year on year , which was in line with the expectations of experts. We add that the last increase was faster than the increase of 7.5 percent in the second quarter and by 7.7 in the first quarter.

Another set of data from the Statistical Office showed that industrial production in China rose in September by 10.2 percent year on year, which was followed after an increase of 10.4 percent in August. The result , however , slightly exceeded the forecasts of experts at the level of 10.1 percent.

Also today, it was reported that retail sales in the country increased by 13.3 percent in September from a year earlier, it was a bit weaker than expected - at the level of 13.5 percent. We also recall that in August of this indicator increased by 13.4 percent.

Meanwhile, data showed that investment in fixed assets of the country grew by 20.2 percent in the first nine months of this year compared with the same period last year. It was only slightly below the forecast of economists - at the level of 20.4 percent.

EUR / USD: during the European session, the pair rose to $ 1.3705 , but then fell to $ 1.3674

GBP / USD: during the European session, the pair rose to $ 1.6225 , and then decreased slightly

USD / JPY: during the European session, the pair fell to Y97.55, but later was able to go back to Y97.72

At 12:30 GMT Canada will release the consumer price index for September.

EUR/USD

Offers $1.3745/50, $1.3720, $1.3702

Bids $1.3660-40, $1.3630/20, $1.3605/595, $1.3580, $1.3555/50

GBP/USD

Offers $1.6320/30, $1.6300, $1.6280, $1.6250/60, $1.6235/40

Bids $1.6130/20, $1.6100, $1.6060/50, $1.6020, $1.6000

AUD/USD

Offers $0.9800, $0.9762, $0.9750, $0.9700

Bids $0.9625/20, $0.9605/00, $0.9580, $0.9560/50

EUR/GBP

Offers stg0.8550/55, stg0.8520/30, stg0.8510, stg0.8490/500

Bids stg0.8445/40, stg0.8425/15, stg0.8400, stg0.8370/65

EUR/JPY

Offers Y135.00, Y134.80, Y134.50, Y134.15/20

Bids Y133.55/50, Y133.20, Y133.00, Y132.85/80

USD/JPY

Offers Y98.80, Y98.50, Y98.25/30, Y97.90/00

Bids Y97.50, Y97.20, Y97.10

European stocks rose for a seventh day, their longest winning streak this year, as data showed China’s economic growth accelerated for the first time in three quarters. U.S. index futures and Asian shares also gained.

The Stoxx Europe 600 Index advanced 0.3 percent to 316.96 at 8:12 a.m. in London. It has climbed 1.7 percent this week as U.S. President Barack Obama signed into law a measure extending the government’s borrowing authority until early 2014 and ending a government shutdown that started Oct. 1.

“China’s GDP figures reported a steady growth rate coming out in line with expectations,” Jonathan Sudaria, a trader at Capital Spreads in London, wrote in a note. “Bulls will be content with the fact that the recent downward trend of the last two quarters has been broken.”

In China, gross domestic product increased 7.8 percent in the third quarter from a year earlier, the National Bureau of Statistics said. That matched the median estimate of economists. The world’s second-biggest economy posted GDP growth of 7.7 percent and 7.5 percent in the first two quarters, slipping from a 7.9 percent expansion in the final three months of 2012.

Schindler increased 4.3 percent to 127.40 Swiss francs, its biggest gain since November 2011, after the elevator maker said it will spend as much as 1.06 billion francs in a modified share buyback program.

Ziggo NV climbed 1.5 percent to 30.86 euros after reiterating its full-year forecast for so-called organic-sales growth of about 1 percent. The Dutch cable-television provider, which this week rejected an offer from Liberty Global Plc, reported third-quarter revenue of 391 million euros ($535 million), compared with analysts’ estimate of 393 million euros.

Cap Gemini advanced 2.6 percent to 46.78 euros after starting exclusive talks to buy Areva’s software-services unit Euriware.

FTSE 100 6,596.51 +20.35 +0.31%

CAC 40 4,257.53 +17.89 +0.42%

DAX 8,825.35 +13.37 +0.15%

EUR/USD $1.3450, $1.3500, $1.3550, $1.3575, $1.3625, $1./3675, $1.3700, $1.3750

USD/JPY Y97.00, Y97.30, Y97.50, Y98.00, Y98.30, Y98.50, Y98.60, Y99.00

EUR/JPY Y134.00

GBP/USD $1.5900, $1.6225

USD/CHF Chf0.9100, Chf0.9150, Chf0.9200

EUR/CHF Chf1.2355

CHF/JPY Y108.00

AUD/USD $0.9500, $0.9575, $0.9600

NZD/USD $0.8400

USD/CAD C$1.0310, C$1.0365, C$1.0400

Asian stocks rose, with the regional benchmark index heading toward a five-month high, as China reported economic growth accelerated, boosting the outlook for the global economy.

Nikkei 225 14,561.54 -24.97 -0.17 %,

Hang Seng 23,314.06 +219.18 +0.95 %

S&P/ASX 200 5,321.5 +38.40 +0.73 %

Shanghai Composite 2,193.78 +5.24 +0.24 %

Sands China Ltd. jumped 9 percent toward a record in Hong Kong after the Macau casino operator controlled by billionaire Sheldon Adelson reported profit that beat analyst estimates.

Newcrest Mining Ltd. , Australia’s biggest gold producer, rose 5.3 percent as the bullion traded near a two-week high.

SBI Holdings Inc. fell 3 percent after the Japanese brokerage said it plans to sell convertible bonds.

The dollar was set for a weekly drop versus its 16 major counterparts as Federal Reserve officials signal a delay in stimulus reduction before reports next week that may show U.S. home sales and confidence declined. Sales of previously owned homes in the U.S. probably declined 3.3 percent last month, according to the median estimate of economists surveyed by Bloomberg News before an Oct. 21 report by the National Association of Realtors. If confirmed, that would be the biggest monthly drop since June 2012.

A final reading of the Thomson Reuters/University of Michigan consumer sentiment index on Oct. 25 may show a decline to 75 this month, a separate poll shows. That compares with an initial estimate for a drop to 75.2, the weakest in nine months.

A non-farm payrolls report for September, among the data releases delayed as an impasse among U.S. lawmakers kept the government shut for 16 days, will be published on Oct. 22. Analysts surveyed by Bloomberg predict employers added 180,000 jobs last month after boosting positions by 169,000 in August.

The Bloomberg U.S. Dollar Index remained weaker after its lowest close in eight months, after a deal by Congress to extend funding and debt-limit deadlines into next year reopened the government and buoyed higher-yielding assets.

The Aussie pared losses after China’s National Bureau of Statistics said gross domestic product rose 7.8 percent in the three months through September from a year earlier, after climbing 7.5 percent in the previous period. The figure matches estimates by economists in a Bloomberg survey.

EUR / USD: during the Asian session the pair retreated to $ 1.3660

GBP / USD: during the Asian session, the pair fell to $ 1.6140

USD / JPY: during the Asian session the pair rose to Y98.15

There is a much quieter data calendar Friday, although Fed speakers are again to the fore, as the US central bank holds a conference in Washington. Although the US government is again functioning on all cylinders, the catch-up with delayed data doesn't start until next week, when the jobs data is set for release on Tues Oct 22. Friday's European calendar starts at 0800GMT, with the release of the September current account data. There is a host of UK data set for release at 0830GMT, including the September CML mortgage lending data, the September BOE capital issuance data and the September BOE Trends in Lending numbers. There is more eurozone data set for release at 0900GMT, when the September trade balance will cross the wires. There is no sovereign issuance planned for Friday. There is a much quieter data calendar Friday, although Fed speakers are again to the fore, as the US central bank holds a conference in Washington. Although the US government is again functioning on all cylinders, the catch-up with delayed data doesn't start until next week, when the jobs data is set for release on Tues Oct 22. At 1200GMT, Richmond Federal Reserve Bank President Jeffrey Lacker opens the Fed's conference on resolution of systemically important banks, in Washington. There is no US data set for release, but Canadian September CPI data will be released at 1230GMT. Back in the States, from 1700GMT, Federal Reserve Gov Daniel Tarullo will deliver a speech at the Fed's Washington conference. At 1800GMT, Chicago Federal Reserve Bank President Charles Evans will deliver a speech on the economy and monetary policy in Chicago. New York Fed President William Dudley will speak at 1940GMT at the Fed's Washington conference. The last Fed speaker sees Federal Reserve Gov. Jeremy Stein deliver a speech on managing financial imbalances, in Boston.

GOLD 1,319.90 37.90 2.96%

OIL (WTI) 100.68 -1.61 -1.57%

Nikkei 225 14,586.51 119,37 0,83%

Hang Seng 23,149.27 -79,06 -0,34%

S & P / ASX 200 5,283.1 20,19 0,38%

Shanghai Composite -4,53 -0,21 2,188.54%

FTSE 100 6,576.16 +4.57 +0.07 %

CAC 40 4,239.64 -4.08 -0.10 %

DAX 8,811.98 -34.02 -0.38 %

Dow 15,371.65 -2.18 -0.01%

Nasdaq 3,863.15 +23.72 +0.62%

S&P 500 1,733.15 +11.61 +0.67%

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

EUR/USD $1,3672 +1,02%

GBP/USD $1,6161 +1,27%

USD/CHF Chf0,9025 -1,21%

USD/JPY Y97,89 -0,93%

EUR/JPY Y133,87 +0,13%

GBP/JPY Y158,20 +0,38%

AUD/USD $0,9626 +0,71%

NZD/USD $0,8478 +0,64%

USD/CAD C$ 1,0295 -0,30%

01:00 Australia RBA's Governor Glenn Stevens Speech

02:00 China Retail Sales y/y September +13.4% +13.6%

02:00 China Industrial Production y/y September +10.4% +10.1%

02:00 China Fixed Asset Investment September +20.3% +20.4%

02:00 China GDP y/y Quarter III +7.5% +7.8%

06:35 Japan BOJ Governor Haruhiko Kuroda Speaks

12:30 Canada Consumer Price Index m / m September 0.0% +0.1%

12:30 Canada Consumer price index, y/y September +1.1% +1.0%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m September +0.2% +0.2%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y September +1.3% +1.3%

14:00 U.S. Leading Indicators September +0.7% +0.7%

18:00 U.S. FOMC Member Charles Evans Speaks

19:40 U.S. FOMC Member Dudley Speak