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27.08.2015 12:18 Foreign exchange market. European session: the euro traded lower against the U.S. dollar despite the mostly positive economic data from the Eurozone

Economic calendar (GMT0):

 

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

 

 

01:30 Australia Private Capital Expenditure Quarter II -4.7% Revised From -4.4% -2.5% -4.0%

06:00 United Kingdom Nationwide house price index, y/y August 3.5% 3.1% 3.2%

06:00 United Kingdom Nationwide house price index August 0.4% 0.4% 0.3%

08:00 Eurozone Private Loans, Y/Y July 0.6% 0.8% 0.9%

08:00 Eurozone M3 money supply, adjusted y/y July 5.0% 4.9% 5.3%

The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. economic data. The U.S. revised GDP is expected to rise 3.2% in second quarter, up from the previous estimate of a 2.3% gain.

 

 

The number of initial jobless claims in the U.S. is expected to decline by 3,000 to 274,000.

 

 

The euro traded lower against the U.S. dollar despite the mostly positive economic data from the Eurozone. M3 money supply rose 5.3% in July from last year, beating expectations for a 4.9% gain, after a 5.0 % increase in June.

 

 

Loans to the private sector in the Eurozone climbed 0.9% in July from the last year, exceeding expectations for a 0.8% rise, after a 0.6% gain in June.

 

 

German import prices declined by 1.7% in July from last year, after a 1.4% fall in June. On a monthly base, import prices decreased 0.7% in July, after a 0.5% fall in June.

 

 

Export prices in Germany climbed 1.2% year-on-year in July, after a 1.3% increase in June. On a monthly base, export prices were up 0.1% in July, after a 0.1% decline in June.

 

 

Spain's economy expanded 1.0% the second quarter, after a 0.9% growth in the first quarter. It was the fastest growth since the first quarter of 2007.

 

 

It was the eighth consecutive increase.

 

 

On a yearly, GDP grew 3.1% in the second quarter, after a 2.7% in the first quarter. It was the fastest growth since the fourth quarter of 2007.

 

 

The French manufacturing confidence index increased to 103 in August from 102 in July.

 

 

The British pound traded lower against the U.S. dollar in the weaker-than-expected housing market data from the U.K. UK house prices were up 0.3% in August, missing expectations for a 0.4% rise, after a 0.4% increase in July.

 

 

On a yearly basis, house prices fell to 3.2% in August from 3.5% in July, beating expectations for a fall to 3.1%. It was the lowest increase since June 2013.

 

 

"However, with UK house building running well below the expected rate of household formation in recent years and with demand for homes rising, a significant increase in construction activity is required if affordability is not to become stretched in the years ahead," Nationwide's chief economist, Robert Gardner, said.

 

 

The Swiss franc traded lower against the U.S. dollar. Swiss industrial production dropped 2.5% in the second quarter from a year earlier, after a 0.5% fall in the first quarter.

 

 

The output in manufacturing plunged 3.0% in the second quarter, energy output climbed 1.5%, and the production in the construction sector was down 2.5%, while the output in mining and quarrying dropped 5.5%.

 

 

EUR/USD: the currency pair declined to $1.1274

 

 

GBP/USD: the currency pair fell to $1.5430

 

 

USD/JPY: the currency pair rose to Y120.54

 

 

The most important news that are expected (GMT0):

 

 

12:30 U.S. Continuing Jobless Claims August 2254 2250

12:30 U.S. PCE price index, q/q (Revised) Quarter II -2% 2.2%

12:30 U.S. PCE price index ex food, energy, q/q (Revised) Quarter II 1% 1.8%

12:30 U.S. Initial Jobless Claims August 277 274

12:30 U.S. GDP, q/q (Revised) Quarter II 0.6% 3.2%

17:00 U.S. Jackson Hole Symposium

23:05 United Kingdom Gfk Consumer Confidence August 4 4

23:30 Japan Household spending Y/Y July -2.0% 1.3%

23:30 Japan Tokyo Consumer Price Index, y/y August 0.2%

23:30 Japan Tokyo CPI ex Fresh Food, y/y August -0.1% -0.2%

23:30 Japan Unemployment Rate July 3.4% 3.4%

23:30 Japan National Consumer Price Index, y/y July 0.4% 0.2%

23:30 Japan National CPI Ex-Fresh Food, y/y July 0.1% -0.2%

23:50 Japan Retail sales, y/y July 0.9% 1.1%



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