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Foreign exchange market. Asian session: U.S. dollar stronger after FED policy meeting
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia RBA Bulletin
06:45 Switzerland SECO Economic Forecasts
07:00 Switzerland Trade Balance November 3.23 2.41 3.87
The greenback traded stronger to mixed against its major peers in Asian trade after the FED's policy meeting ended yesterday as FED Chair Janet Yellen stated that rates are going to be raised next year once economic parameters were met - finally removing the "considerable time" from the minutes. She further said "the committee considers it unlikely to begin normalization process for at least the next couple of meetings". The U.S. dollar extended its gains against the euro, the British pound and the Japanese Yen.
The Australian dollar recovered slightly from a four year low after yesterday's slump.
New Zealand's dollar traded positive to stable against the greenback currently quoted at USD0.7707. The GDP on a quarterly basis beat expectations by +0.3% with a reading of +1.0%. Yearly GDP in the third quarter decreased from +3.9% to +3.2%, missing forecasts by 0.1%.
The Japanese yen continued to decline versus the U.S. dollar after the currency hit a monthly high on Tuesday fuelled by fears over falling oil prices and Russia's economic crisis.
EUR/USD: the euro lost against the greenbackUSD/JPY: the U.S. dollar traded stronger against the yen
GPB/USD: The British pound traded weaker against the U.S. dollar
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
09:00 Eurozone EU Economic Summit
09:00 Germany IFO - Business Climate December 104.7 105.6
09:00 Germany IFO - Current Assessment December 110.0 110.3
09:00 Germany IFO - Expectations December 99.7 100.9
09:30 United Kingdom Retail Sales (MoM) November +0.8% +0.3%
09:30 United Kingdom Retail Sales (YoY) November +4.3% +4.5%
13:30 U.S. Initial Jobless Claims December 294 297
14:45 U.S. Services PMI (Preliminary) December 56.2 57.1
15:00 U.S. Leading Indicators November +0.9% +0.6%
15:00 U.S. Philadelphia Fed Manufacturing Survey December 40.8 26.3
21:45 New Zealand Visitor Arrivals November +3.3%
|remaining time till the new event being published|
- UK retail sales unexpectedly rose in March
- Earnings Season in U.S.: Major Reports of the Week
- Eurozone PMI signals lacklustre start to second quarter as growth slows
- Germany’s private sector sees modest growth in April